The Betting Startups Newsletter - July 2022

August 01, 2022

Welcome to the July edition of the Betting Startups Newsletter!

The issue is brought to you by Xpoint, the latest choice in the geolocation and compliance space, specializing in North American sports betting, iGaming and DFS.

Here is what we read, heard, and saw in the betting industry’s early-stage ecosystem this month:

💼 SBC North America Roundup

Congratulations to BetSwap.io for winning the First Pitch competition at SBC Summit North America 2022 - very well deserved!

Great video overview of his experience attending the conference, which including being one of five finalists in the First Pitch competition.

Chalkline Sports attended the 2022 SBC Summit and shared the results of what they learned.

BettorEdge wins against competitive field of finalists, including Fubo Gaming, PrizePicks, and MaximBet.

💰 All about the Benjamins

Fantasy sports company Underdog has announced the completion of a Series B fundraising round raising $35m, valuing the company overall at $485m.

Future Anthem has announced an ‘enterprise milestone’ as the firm nets outsized Series A to continue path as AI trailblazer.

WagerWire founders believe sports bettors should be able to trade with their active bets the way stock traders buy and sell shares.

Cipher Sports secures capital to further its US sports betting ambitions with Australian-based investment firm Cygnet Capital leading the $5m funding round.

Kevin Durant and Blaise Matuidi among investors as Stadium Live looks to gamify Gen Z fandom

💡 Innovation Spotlight: Xpoint*

Who: founded by Marvin Sanderson

What: Xpoint blends the lines of the digital and physical world by helping their partners unlock the true potential of geolocation technology through pin-point location verification in seconds. Xpoint’s first-ever advanced geolocation products are now live in-market in North America.

Why it's innovative: Xpoint offers a solution built and maintained by a team of industry veterans with decades of experience across online gaming, geolocation, technology, regulation, and compliance in the previously monopolized industry. It offers Xpoint Verify, a real-money gaming geolocation product and Xpoint Lite, a cutting-edge geolocation solution designed for fantasy and skill-based gaming operators.

When: founded in 2019, Xpoint is now is now live in-market, less than one year since it was formally unveiled in Las Vegas at the Global Gaming Expo (G2E) 2021.

Where: to find out more about how we can help your business unlock the potential of geolocation, get in touch with us via [email protected]

*Sponsored

✍️ This'n'that

SBC has announced the details of its biggest ever conference and exhibition, which includes a live startup pitch competition.

Player props supplier Sports IQ has signed an agreement with German betting giant Tipico that allow Tipico to use its pre-game and in-play prop bets for the “Big Four” North American sports leagues.

BeyondPlay's founder breaks down the pitch deck teaser video that she credits with helping the online-gambling startup land its initial funding round (paywall)

🚀 Join a rocket ship

Amazing opportunities at these awesome early-stage companies, brought to you by BettingRoles.com:

Business Development Manager - Huddle Tech seeks a high energy business development professional to help the company expand this vertical.

Senior Product Designer - Wagr is looking for a dynamic and motivated Senior Product Designer to help redefine the sports betting industry.

Social Media Coordinator (Video Editing) - CapWize is looking for a video editor to create unique content for use across multiple platforms.

🏁 The finish line

That’s it for this month!

If you have any tips on newsworthy headlines, or are a startup looking with something big to share, hit Reply to this email and let us know ✌️