With March Madness weeks away, investors are placing their bets on Manhattan Beach startup Blok Sports.

Next week, the company will close a $1.3 million seed round to polish its blockchain-powered betting platform designed to help users place wagers without doling out their credit card information.

"We run a peer-to-peer sports betting exchange built on blockchain," said CEO and co-founder Mitchell Chun. "We're gamifying sports betting and making it more of a social experience. Our goal is to make this readily accessible for folks who aren't crypto-savvy or hardcore sports betters."

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