Weeks 48 & 49, 2023

Hello, and Happy Hanukkah to all that are celebrating!

We’re back with the latest from the betting industry’s early-stage ecosystem over the last couple weeks.

But real quick: we just opened up our sponsorship inventory for 2024, which includes this newsletter, The Betting Startups Podcast, and The Business of Betting Podcast.

If you’re a B2B supplier in the space and want to hangout where your current (and prospective) customers are, you could do worse than working with us :)

Hit reply to this email to request details on sponsorship options. Inventory is super limited.

Now let’s get into it… ⤵️

📰 Headline news

• Australian operator Picklebet closed a fully subscribed $15m Series A, led by Discerning Capital and DRIVE by DraftKings. (Link)

• Fantasy sports and betting content provider FTN Network closed an oversubscribed $3m seed funding round. (Link)

• Parimutuel betting platform Sparket secured strategic investment from former NBA champion Metta World Peace. (Link)

• WagerWire took its marketplace live on Red Rock’s STN Play platform. (Link)

• Early-stage operator Mojo Announced a 20% staff reduction amid strategic pivot. (Link)

• NBA took an equity stake in nVenue to further microbetting exposure. (Link)

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

💬 Ink & airwaves

The best of what we read and listened to since the last issue:

• 🎙️ Ep. 92 of The Betting Startups Podcast featured Ty Masterson and Dan Gentile from Bettle Fantasy Sports. They discussed the season-long fantasy category, which Bettle is enhancing by introducing DFS-style mechanics to it. Listen now (28:23): Apple Podcasts | Spotify | Web

• 🎙️ Ep. 93 of The Betting Startups Podcast featured Shubs Kausal & Jaiden Sarai from SharpStakes. They discussed building SharpStakes as full-time students, Gen-Z’s relationship with sports betting, and bootstrapping to profitability. Listen now (26:13): Apple Podcasts | Spotify | Web

• 🎙️ Ep. 3 of The Gamble & The Glory featured Omer Sattar from Sightline Payments. He talked about his experience raising over $400m, reaching unicorn valuation status, and dropped just a ton of valuable insights throughout this episode. Listen now (44:23): Apple Podcasts | Spotify | Web

• 🎙️ Ep. 6 of the always excellent Vested Interest podcast from Next.io dropped, and as usual, was a worthy listen for anybody building a business at the early stage. Listen now (1:15:00): Apple Podcasts | Spotify 

• 📚 Houlihan Lokey’s CEO Spotlight Series featured Evan Kirkham, co-founder and CEO of Outlier. (Link)

• 📚 Tom Waterhouse of Waterhouse VC discusses the role of taxation and regulation in his monthly article. (Link)

• 📚 SGG Media co-founder and CEO Troy Paul explains why Gen Z is the key to sports betting growth. (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 early-stage companies in the space. Keep an eye out for a new discount code below!

• ICE opened up applications for Pitch ICE, the annual startup pitch competition. 5 companies will be selected to pitch to a live audience. Applications accepted until January 5. Apply now.

  

• The Fantasy Sports & Gaming Association (aka FSGA) is hosting its annual winter conference February 13-14 in Las Vegas. Early bird pricing available if you book by January 15. Register now.

• NEXT Summit New York returns March 6-7, 2024 in a new state-of the-art venue in Manhattans financial district. The summit is focused on connecting startups with investors and operators with suppliers, which makes it THE conference where serious business gets done. Btw: we have the ONLY discount codes available for this conference, but they’re very limited, so buy your ticket now. Reply to this email to say hello, and we’ll respond with your $100 discount code. Get your ticket.

• SBC Summit North America is back! The biggest instalment of the event to date, 5,000 industry professionals will come together in New Jersey May 7-9, 2024 to share insights, foster collaboration, and establish meaningful connections. Super early bird tickets are now available. More info.

🤝 Deal corner

1 new deal hit our inbox this week, and 1 previous deal has an update. Take a look 👇

(Psst, founders: want to get your deal in an upcoming issue? Submit details here)