Week 37, 2023

Hey, welcome to all new subscribers since last week 🤝. This week the industry descends onto Barcelona for SBC’s big event - enjoy it if you’re there!

In this issue:

• A new operator launches with a unique model

• 4 new opportunities in the Deal Corner

• 3 open jobs that we think are pretty cool opportunities

This issue is brought to you by GeoComply, a leading provider of cutting-edge anti-fraud and geolocation solutions that detect location fraud and help verify a user’s true digital identity.

Now let’s jump in… ⤵️

📰 Headline news

• Prime Sports introduced its low-margin and winner-friendly bookmaking model in Ohio, the first of several planned states. (Link)

• New props-style DFS site Units launched, connecting fantasy with sports narratives. (Link)

• AI-driven sports betting platform Rithmm launched subscription platform. (Link)

• Odds On Compliance launched Playbook Brazil, expanding its compliance management tools into a third continent. (Link)

Are you an industry startup with news to share? Send us your PR for inclusion here.

Are you an iGaming founder or senior executive launching a business in the US?

We know that building a successful startup is hard and it’s not easy to do it alone, so we’re here to help.

The Challenger Series Summit is a unique networking opportunity to learn from US iGaming founders and entrepreneurs, who will be sharing the hacks, tips, and tricks to achieve high growth.

RSVP to attend the Las Vegas Summit on Oct 8, 2023 before making your way over to G2E!

💬 Ink & airwaves

The best of what we read and listened to last week:

• 🎙️ Ep. 82 of The Betting Startups Podcast featured Sim Harmon, founder of Kutt. Sim explains Kutt’s concept of P2P social betting, his experience bootstrapping it, and making sacrifices as a founder. Listen now (36:03): Apple Podcasts | Spotify | Web

• 🎙️ Underdog CEO Jeremy Levine stopped by the Joe Pomp Show to discuss the growth of sports gambling and fantasy games, the regulatory environment, product innovation, and more. Listen now (34:41): Apple Podcasts | Spotify

• 📚 NFL week 1 in numbers: GeoComply recorded 56% more geolocation checks last week compared to week 1 2022 (242 million of them this year!). (Link)

• 📚 Nicholas Green, General Counsel over at Underdog, published a whitepaper in response to the ongoing debate around the interpretation of fantasy sports laws. (Link)

• 📚 Speaking of whitepapers: STX, the first regulated betting exchange in Ontario, published its own whitepaper to answer some common questions about its technology stack. (Link)

• 📚 Q&A with Alexander Monahan, co-founder of OddsJam, who talks about growing the company - and a hint at future M&A activity. (Link)

• 📚 The ‘G2E Survival Guide for Founders’ includes useful tips and advice for first-time founders attending the big show next month in Vegas. (Link)

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

Cut through the noise and get the top sports stories from our friends at Savage Sports!👇

🤝 Deal corner

4 new deals hit our inbox this week, which we hereby present for your consideration 🤑

Founders: want to get your deal in an upcoming issue? Submit details here.