The Betting Startups Newsletter - September 2022

September 30, 2022

Welcome to the September edition of the Betting Startups Newsletter!

The issue is brought to you by BettingRoles.com, the betting industry’s largest dedicated job board.

Here is what we read, heard, and saw in the early-stage ecosystem:

🤑 Cash rules everything around me

FanDuel co-founder Nigel Eccles joins the web3 sports betting platform as chairman of the board.

Xpoint receives multi-million dollar funding from new investors including SuRo Capital Sports, Acies Investments, and The Raine Group.

The independent ratings agency for sports betting will use proceeds to “finalize product market fit” (paywall)

Sports stock market app PredictionStrike has raised a $3 million seed round led by MaC Venture Capital.

Content automation provider Betegy has partnered with venture capital firm Yolo Investments to drive the next stage of its global expansion.

🗣️ Pitch perfect

The microbetting startup took down the €50,000 grand prize at the recent SBC Summit in Barcelona.

Selected industry startups will compete for a $40,000 prize package on Oct. 12 at G2E Las Vegas.

🏈 NFL through Week 3

We checked in with several industry startups to see how things are going through the first three weeks of the new NFL season:

"The first few weeks of NFL have been nothing but an awesome roller-coaster as the first licensed and regulated sports betting exchange in the US. We've seen our volume spike week over week, and cannot wait for product enhancements and more marketing channels to only pour fuel on what has been a very exciting fire thus far." -Jake Benzaquen, Prophet Exchange

"The first 3 weeks of NFL has been anything but expected - pre-season contenders and pretenders are not what we thought! This discrepancy has led to a substantial change in futures’ betting lines which will leave some bettors with really valuable futures bets (more so than what they had likely expected when they placed such bets)." -Brent Winston, BetSwap

"Key players are performing well, while defensive or offensive lines are not playing as expected. These are driving an "underdog" result in outcomes. We are looking forward to the seasonal storylines and how our in-game and pre-game probabilities will contribute to that narrative." -Danijela Covic, Quarter4

"Excellent start to the NFL season. We shattered our revenue and traffic goals for September. Evidently bettors want higher-end content and analytical tools!" -Dan Fabrizio, Unabated Sports

“SoBet has seen tremendous growth over the first four weeks of football, more than double what was expected during the start of the season! We believe that this is a direct result of the level of transparency we are providing, instilling trust within our Gen Z community – who might be new to betting.“ -Cooper Lycan, SoBet

🚀 We have liftoff!

The platform that bills itself as the Robinhood of sports betting provides a new option in between stock trading and sports wagering.

Geolocation and compliance technology company Xpoint has launched its real-money geolocation product Xpoint Verify with Sporttrade.

A new online betting exchange that facilitates the buying and selling of player stocks has commenced operations in New Jersey.

TopProp Fantasy Sports is a startup that's looking to make daily fantasy sports more accessible for the casual player.

Jake Paul-backed Betr has launched the world’s first micro-betting-focused app.

🤝 Put 'er there, partner

The new product partnership captures the power of NFL Player Prop popularity.

PlayUp has reached an agreement with BetSwap to launch its online secondary marketplace technology across its US sportsbook products.

📝 Now raising...

🚀 Join a rocket ship

Amazing opportunities at these awesome startups, brought to you by BettingRoles.com, the industry’s largest job board:

The SVP of Content will be responsible for driving the company’s overall content and social media strategy.

If you love sports, have an understanding of sports betting, are hungry for growth and are a proficient engineer, we are the place for you.

We are looking for a full-time UX/UI Designer to help innovate our user journey and enhance our design across all platforms.

🎙️ From the Betting Startups podcast studio

SimBull is the stock market for sports. (Sep. 2, 29:28)

TopProp is the next generation of DFS through H2H contests. (Sep. 9, 23:16)

The Hammer Betting Network is your source for sports betting content, from insight and analysis to picks and tips. (Sep. 14, 33:36)

Play games. Win money. Become the next BigBrain! Episode guest hosted by Lloyd Danzig. (Sep. 21, 32:05)

Tokenized fantasy sports on the blockchain. (Sep. 29, 31:41)

🏁 The finish line

Phew, you made it to the end! See you again at the end of October ✌️