Draper Goren Holm Backs Legacy Sports Betting Exchange Degens in Equity Deal Los Angeles, CA - July 22, 2020 - Los Angeles-based blockchain venture studio Draper Goren Holm announces today their equity investment into Degens - The Blockchain Betting Exchange. Founded in 2017, Degens is the first peer to peer sports betting exchange to operate on the Ethereum blockchain that uses the popular cryptocurrencies ETH and DAI.