CandleBets
- Founded
- 2013-01-01 in Australia
- Headquarters
- Australia
CandleBets is a pioneering game development company that created the world’s first hybrid gaming platform, merging the mechanics of Forex trading with traditional casino table games. Founded in Australia in 2013 by two competitive day traders, the company identified an opportunity to bring candlestick chart analysis and technical trading tools into a casino environment. Its core product line includes RNG‑based trading games simulating Forex and binary options, as well as reimagined Wall Street‑style versions of Baccarat and Roulette featuring Japanese candlestick charts and technical indicators. CandleBets has become known for offering a unique skill‑based layer to casino play, allowing players to analyze game trends and streaks much like a trader reads market data. The company’s platform is white‑label capable and has been integrated by several aggregators, including ORYX Gaming (a Bragg Gaming Group brand) and BlueOcean Gaming. CandleBets is headquartered in Australia and continues to operate as an independent supplier, targeting both B2B operators and end‑users looking for a trading‑themed casino experience.
Detailed Review
History and Founding
CandleBets was founded in Australia in 2013 by two competitive day traders who recognized a gap in the market for a casino product that could appeal to financial traders. By combining the visual language of Japanese candlestick charts with traditional table games, they created a hybrid platform that allows players to use technical analysis as part of their betting strategy. The company remains privately held and has not disclosed the founders’ names publicly.
Business Model
CandleBets operates as a B2B game provider, licensing its hybrid platform to online casino operators through aggregation partners and offering a white‑label solution. Revenue is generated through platform licensing fees and revenue‑share arrangements. The company’s RNG‑based trading component is a novel feature in iGaming, positioning CandleBets as a supplier for operators targeting skill‑based or knowledge‑based player segments.
Core Products
CandleBets’ flagship product is the CandleBets Hybrid Platform, a white‑label solution that blends Forex trading mechanics with casino games. Players use candlestick charts and technical indicators to place bets on simulated market movements and traditional table games. The Candle Bets game series includes RNG‑based trading games and Wall Street‑style Baccarat and Roulette, distributed via aggregators like BlueOcean Gaming and ORYX Gaming. These games incorporate real‑time Japanese candlestick charts, moving averages, RSI, and Bollinger Bands.
Technology and Integration
The platform was developed with a modern tech stack (React, Redux, Node.js, PHP, MySQL, Redis) and is available through multiple aggregators. The white‑label solution allows operators to launch their own branded trading‑casino hybrid quickly. CandleBets does not publicly disclose its licensing information, but its partners operate under regulated jurisdictions such as Curacao.
Market Position and Partners
CandleBets occupies a niche position as an innovator in skill‑based casino games, differentiating itself from traditional slot studios and table game providers. Its main distribution partners include ORYX Gaming and BlueOcean Gaming, both of which have integrated CandleBets’ titles into their platforms. The company’s small team and independent status suggest a focused, boutique operation.
Leadership and Team
The only named individual in a leadership capacity is Avi Bouhadana, who serves as Director of CandleBets.com. No other C‑level executives or founders have been publicly identified. The company appears to be a small, privately held operation with a dedicated team; a single project page listed a team of four for one development engagement, but overall headcount is unconfirmed.
Key Products
CandleBets Hybrid Platform
The flagship white-label platform that blends Forex trading mechanics with casino games. Players use candlestick charts and technical indicators to place bets on simulated market movements and traditional table games.
Candle Bets (Game Series)
A suite of RNG-based trading games and Wall Street-style Baccarat and Roulette, distributed via aggregators such as BlueOcean Gaming and ORYX Gaming. These games feature Japanese candlestick charts and real-time analysis tools.