Week 15, 2023
Here's what we saw, heard, and read in the betting industry's early-stage ecosystem last week
Editor’s Note: Astute readers might have noticed that we haven’t published in a few weeks, despite recent claims that we are now a weekly newsletter 🙈
I’ve had to prioritize family over the last little while, which meant that things like the newsletter (and podcast) took a temporary backseat.
But I’m back in the saddle and we’re now resuming regularly scheduled programming. Thanks for your continued support. - Jesse
Now let’s get you caught up on the latest from the last few weeks:
📰 Headline news
New milestones from early-stage companies in the space:
Prophet Exchange raises over $10 million to advance its peer-to-peer betting exchange. (Link)
World Surf League announces official multi-year betting data partnership with ALT Sports Data. (Link)
BeyondPlay has been granted a supplier licence by the UK Gambling Commission. (Link)
BettingStartups.com is now an official media partner of SBC. Use promo code BSP23 for a $200 discount on your ticket to SBC Summit North America in May, and the Canadian Gaming Summit in June. (Link)
Tallysight and Gaming Society partner to improve discovery and access to women’s sports betting. (Link)
Blockchain-based BetDex Exchange adds cricket markets to its platform. (Link)
📚 Recommended reads
Crunchbase released data that showed global VC funding fell dramatically across all stages in Q1, down 53% YoY from $162bn to $76bn. (Link)
Sportico featured a solid piece from Lloyd Danzig of Sharp Alpha Advisors, who shares his view on the appeal of competitive entertainment. (Link)
Forbes profiled Mojo, and how it aims to separate itself as the leading sports stock market. (Link)
Waterhouse VC dropped their March newsletter, which is always worth a skim. (Link)
This week’s Recommended Reads are brought to you by our friends at Savage Sports:
🗓️ Industry event calendar
SBC Summit North America is back in NJ May 9-11. It includes the First Pitch competition with live pitches from 5 industry startups. Use promo code BSP23 for $200 off your ticket. Event details & agenda.
Hot on the heels of a wildly successful event in NYC, the team at iGaming NEXT is preparing to welcome over 4,000 industry leaders to its annual flagship event June 21-22, iGaming NEXT Valetta. Just the excuse you needed to visit beautiful Malta! Event details & agenda.
Do you have an event you want to promote that is relevant to the industry’s early-stage ecosystem? Tell us more.
🤝 Deal corner
A few opportunities have hit our desk that we’d be remiss not to share:
For sale: portfolio of 20 betting-focused website properties, 19 social media channels w/ 70k combined followers, email list w/ 16k opt-ins, and more. Low-to-mid six figures. Offers accepted until April 30.
Now buying: [redacted] is in the market for properties to purchase or JV with. Especially interested in sports-specific properties with a decent .com presence, and some local, and or regional domain authority around legal teams or markets.
Seeking angels: Betting-focused B2C mobile app raising 500k. Live product with 5-figure downloads, revenue, and solid team.
Interested in one of those? Hit reply and tell me about yourself. I’ll then help with intros if it makes sense.
🎙️ From the podcast studio
Episodes you might have missed while the newsletter was on hiatus:
Alright, I’m out of gas, so we’ll leave it there for now. Until next week! ✌️
Pssst: what'd you think of this issue?
(be honest, you won't hurt our feelings)