Week 23, 2023

What's what in the betting industry's early-stage ecosystem

Hey! Yea, it’s been a minute… but we’re back with the latest from startups in the betting, igaming, and fantasy sports space.

Let’s dig in: ⤵️

📰 Headline news

  • SBC unveils finalists for inaugural Canadian Gaming Summit First Pitch competition next week in Toronto. We’ll be there to lend a had with event hosting duties - see you there? (Link)

  • BeyondPlay launches jackpot solution with Casumo in first product rollout. (Link)

  • Prophet Exchange takes novel approach by creating markets that help its customers guarantee profits using arbitrage. (Link)

  • PDX Slots receives investment from SCCG Venture Fund I. (Link)

  • The Gaming Society launches its second WNBA prediction game. (Link)

  • BettorEdge and Betting Ladies link to “enable communities to connect”. (Link)

📚 Recommended Reads

Note: we’ve been using this section to share relevant articles, but hereby expand it to now also include relevant podcasts. We just dont know what to call it yet, so it remains ‘Recommended Reads’ until we can think of a better name…

  • 🎙️ BettingStartups.com (the publisher of this newsletter!) released the season finale of Betting On It, an 8-episode mini-series that followed BetsBooster as it got investor-ready. The final episode saw the cofounders pitch the opportunity to 3 industry investors: Spotify | Apple Podcasts

  • 🎙️ The already-excellent iGaming NEXT Podcast added a new monthly series called Vested Interest, which features prominent industry investors Lloyd Danzig and Benjie Cherniak as co-hosts. Check out ep1 of this new series: Spotify | Apple Podcasts 

  • 📚 FrontOffice Sports breaks down the data that showed Q1 2023 as record-setting for the regulated US betting industry, with revenue up 70% YoY. (Link)

  • 📚 The team at Earnings & More dropped their May edition of The Startup Month, which includes an interview with One Comply co-founder Cameron Conn on his company’s recent acquisition by GeoComply. (Link)

  • 📚 Staying on the monthly newsletter circuit: Waterhouse VC published its May update, which included a deep dive on the opportunity of crypto wagering. (Link)

  • 📚 To VC or not to VC? That is the question explored by Conor Mulheir for iGaming NEXT. (Link)

Are you reading (or writing) something that you think belongs here? Hit reply and send it to us for inclusion

🗓️ Industry event calendar

Upcoming events relevant to industry startups:

  • The Canadian Gaming Summit hits downtown Toronto June 13-15 - that’s next week! It’s shaping up to be a fantastic event with over 2,000 attendees, and there are still tickets available. Use promo code BETTINGSTARTUPSVIP for $200 off your All Access pass. Event details & agenda.

  • Speaking of fantastic looking events, iGaming NEXT Valetta is less than two weeks away! Over 4,000 industry leaders will converge in Malta June 21-22 to attend iGaming NEXT’s annual flagship event. A few tickets are still available, but we hear they’re going quick! Event details & agenda.

  • The fantasy sports industry will also converge next week at the FSGA’s 2023 Summer Conference in Cleveland on June 12-13. Discover everything that is shaping the future of fantasy sports and gaming. Event details.

The trifecta: will anybody attempt to attend all 3? 🤔

🤝 Deal corner

Can you help us connect to qualified leads for these opportunities?

  • 💥 New this week! Early-stage operator startup with product + Mexican license + experienced management team. Closing pre-seed round soon, less than $250k left unsubscribed, $25k minimum.

  • Seed investment opportunity in early-stage innovative P2P sports betting platform taking a unique and novel angle on the sector. Product, users, and partnerships established and growing. Raising $250k.

  • Early-stage operator raising new funding to help facilitate expansion into selected US markets. Available for meetings at SBC to discuss further with qualified investors.

Looking for investment, or have a relevant deal to share? Reply w/ deets and we’ll give you a shout out.

💼 Good gigs

New jobs from leading early-stage companies in the space:

  • Underdog continues to grow, and is now looking for a Group Product Manager, Sports Betting. (Link)

  • ShotQuality, an early-stage data company that uses AI and computer vision to extract precise location data from video feeds, is seeking a Sales Director. (Link)

  • Future Anthem, the AI-powered personalization platform, is hunting for a Product Manager - Casino. (Link)

Want to see more open roles? Check out BettingRoles.com, the largest job board dedicated to the betting, iGaming, and fantasy sports industry.

Next dispatch comes from Toronto next week. If you’re going to CGS and want to say hello there, just hit reply to set it up! ✌️

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