Week 15, 2023

Here's what we saw, heard, and read in the betting industry's early-stage ecosystem last week

Author

Betting Startups
April 11, 2023

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:

SAVAGE SPORTSSports. Without the fluff.

🗓️ 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.

  • The Canadian Gaming Summit descends on Toronto June 13-15, which also includes First Pitch. Submissions are now open to industry startups for 1 of the 5 spots until April 30. Same deal: promo code BSP23 for your discount. 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! ✌️

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