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The Betting Startups Newsletter - June 2022

The Betting Startups Newsletter
Welcome to the June edition of the Betting Startups Newsletter!
This issue is brought to you by Xpoint, a leading provider of geolocation technology for the sports betting, iGaming and Daily Fantasy Sports industries in North America.
Here is what we read, heard, and saw in the betting industry’s early-stage ecosystem this month:

SBC North America returns soon!
⛈️ Headwinds in the headlines
Xpoint is officially live in North America! 🚀
The Sports betting, iGaming and Daily Fantasy Sports markets “finally have a choice” of geolocation partners
💰 Freshly filled bags
Novig receives Y Combinator investment to catapult US sports betting ambitions
Acies Investments leads $4m Tally Technology funding round
Triggy Secures series A funding led by Ikigai Ventures
Huddle Tech secures investment from Las Vegas Sands
Sports Gambling Guides attracts $2m investment
🏆 Niche sport apps FTW
Verdict MMA launches DFS product specifically for fight fans
GridRival adds heavyweight expertise to its advisory board
👀 Filed under "this looks useful"
Ashley Rodriguez 📺
Introducing Insider’s database of startups innovating in US sports betting !! https://t.co/0ZT4sJOFwV
💡 Innovation Spotlight: AthleteX
Every month, we feature one startup that we think is doing something particularly novel and unique. This month, the Innovation Spotlight is on AthleteX.
Who: Kevin Kamto & Robbie Klages
What: AthleteX is a prediction market protocol that allows users to invest in the performance of their favorite athletes, one sport at a time. Think of it is fantasy sports meets the stock market using cryptocurrency technology. 
Why it’s innovative: They’ve created a cryptocurrency called Athlete Performance Tokens (APTs) that allows users to predict the price performance of baseball athletes. Users mint an APT pair of their favorite athlete and then sell a long or short position to the market based on if they think the price of the athlete is going to go up or down. When the season is over, the APTs are settled. This unique model has been dubbed ‘SportsFi’ by the AX community.
When: The initial idea of AX started around fall 2020, and the team has been steadily focused on refining the model & building the product since then. 
Where: Learn more at athletex.io. The product is in beta, so expect low liquidity, high slippage, and a few bugs. v1.0 will launch in August.
🚀 Join a rocket ship
Amazing opportunities at these awesome companies, brought to you by BettingCareer.com:
Gaming Society hiring Audience & CRM Strategist
CapWize hiring a Full Stack Developer
OneComply hiring Gaming License Audit Manager
🏁 The finish line
That’s it for this month!
If you have any tips on newsworthy headlines, or are a startup looking with something big to share, hit Reply to this email and let us know ✌️
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The Betting Startups Newsletter
The Betting Startups Newsletter @bettingstartups

A monthly roundup of everything newsworthy from the most promising industry startups competing for a piece of the multi-billion dollar betting industry 🚀

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