Mojo Expands Market-Style Game Into 19 States Via Daily Fantasy Model
A year after launching Mojo Sportsbook in New Jersey, the stock market-inspired sports gaming startup is expanding to 19 additional states and Washington, D.C., this week with a new product, Mojo...
View ArticleAthlete Stock Market PredictionStrike Sees $10 Million in VC Funding
Athlete stock market PredictionStrike announced Thursday it has raised $10 million in a Series A venture capital round led by Bullpen Capital, a VC firm with a strong track record of investing in...
View ArticleCarJitsu Team Takes on Street Ball Betting With Kevin Garnett
Pro League Network, the producer of made-for-betting sports such as jiu-jitsu in a car, is teaming with NBA Hall of Famer Kevin Garnett to launch a new pro streetball-style three-on-three basketball...
View ArticleGenius Sports Revenue Grows 29% as In-Play Betting Shows Promise
Genius Sports reported third quarter revenue of $102 million, slightly beating analyst expectations, and projected that full year 2023 should tally $412 million in sales, ahead of management’s earlier...
View ArticleFanDuel Latest to Buy Genius Sports Live NFL Stream Service
FanDuel is the latest betting operator to pay up for a new product from Genius Sports that allows sportsbooks to stream live NFL games alongside bet slips, odds and other statistics. FanDuel, the...
View ArticleAI-Driven Personalization Will Spur Fan Loyalty and Consumption
Today’s guest columnist is Rob Phythian, founder and CEO of SharpLink Gaming. What is fandom? It isn’t just loyalty to a player, team or city. Fandom is a ticket to the game, the blogs you read, the...
View ArticleTGL, Japan Sports Betting Bolster Bullish Long-Term Outlook, VC Says
The long-term outlook for sports technology investing continues to look positive, says venture capital fund manager Michael Proman. While 2024 is set up to be a strong year already, Proman, who manages...
View ArticleMojo, Backed by A-Rod and Lore, Closes Sportsbook Amid Tech Sale
Mojo, the athletes-as-stocks platform that raised more than $100 million, has shuttered its signature sportsbook as part of a pending sale of its back-end tech. The company, whose cofounders include...
View ArticleSporticast 306: Micro-Betting Is the Future. But Just How Micro?
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams speak with nVenue CEO Kelly Pracht about the rise of micro-betting, how a playoff trip to Yankee Stadium launched her...
View ArticleFlutter Shares Jump on FanDuel’s Strength Despite NFL Stumble
Shares of Irish betting firm Flutter Entertainment surged 15% Thursday as investors saw signs of strength in its U.S. sports wagering business even as the company took a financial hit from being on the...
View ArticleAction Network CEO Patrick Keane Departing Company
Patrick Keane has decided to leave Action Network and is resigning his position as CEO. The move is effective at the end of January and will end five years of his leadership of the sports betting...
View ArticleBarstool, DraftKings Near Sports Betting Deal After Penn Lock-Up
Barstool Sports is getting back into betting. Once again under the ownership of founder Dave Portnoy, the media company is in advanced talks on a wide-ranging sports betting deal with DraftKings,...
View ArticleNFL Receiver’s Arrest for Underage Betting Raises Age-Old Issue
Last week New England Patriots wide receiver Kayshon Boutte was arrested in Louisiana for computer fraud and prohibited gaming. Prosecutors accuse the former LSU star of betting on sports when he was...
View ArticleFlutter, FanDuel Parent, Lists in New York for American Appeal
FanDuel parent Flutter Entertainment began trading on the New York Stock Exchange Monday. But it’s not an IPO—Flutter is already traded on the London Stock Exchange and has been since 2019. That begs...
View ArticleA-Rod, Lore-Backed Mojo Sells App Tech to ‘Social Sportsbook’
As athlete stock market company Mojo moves away from its consumer-facing business to focus on improving pricing models for other betting operators, the startup sold a large chunk of its platform...
View ArticleDraftKings Accuses Ex-Exec of Being ‘Double Agent’ in Fanatics Move
DraftKings has sued a former senior vice president whom the company accused of being a “double agent” for coordinating with Fanatics to steal proprietary company information and join the competitor—all...
View ArticleBarstool, DraftKings Deal Launches Minutes After Super Bowl Ends
Barstool Sports wasted little time announcing its new multiyear sports betting partnership with DraftKings. As part of its separation from Penn Entertainment last year, Barstool was prohibited from...
View ArticleDraftKings to Buy Jackpocket for $750M as Stock Stays Flat
DraftKings stock stayed flat in late trading after the sports betting company released fourth quarter earnings and announced an agreement to buy online lottery app Jackpocket for $750 million. For the...
View ArticleGenius Sports Sales Rise 21% on NFL Betting, Stock Drops
Sports data and analytics firm Genius Sports’ revenue rose 21% to $413 million in 2023, a jump powered by betting on NFL games, with in-play wagering growing particularly strong, according to the...
View ArticleTemple-UAB Basketball Bets Flagged for Unusual Activity
A big change in betting lines drew scrutiny Thursday night during the Temple-UAB AAC men’s basketball game, according to Sports Illustrated. U.S. Integrity alerted casinos Thursday raising concerns of...
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