SBC News Voice of the Sports Betting Industry
Oddin.gg has announced that it is actively pursuing licences in a further eight US states.
Announcing significant strides in its North American expansion plan, the esports betting firm currently holds existing licences in New Jersey, Colorado and the Canadian province of Ontario.
Ohio, Maryland and Kansas are some of the key states the operator has set its sights on, continuing to underscore its commitment to broadening its footprint in the dynamic US market.
Vlastimil Venclik, Co-Founder and CEO of Oddin.gg, commented: “Our pursuit of additional state licences, in partnership with Bill, marks a significant advancement in our mission.
“We’re not just growing our footprint; we’re innovating and enhancing the esports betting experience, setting new industry standards. This expansion reflects our dedication to providing engaging, reliable, and compliant betting services to esports enthusiasts across the US.
“We’re excited about what the future holds and are committed to being at the forefront of this rapidly evolving market. We strive to be the leading force dispelling the misconceptions surrounding esports betting and vigilant guardians of integrity not just in NA but globally.”
With regulations varying across states, the US sports betting landscape is evolving rapidly. This complexity makes navigating the legal requirements challenging, but also presents a unique opportunity for innovation and growth in esports betting.
The market is projected to see exponential growth, with an estimated betting volume of around $10bn by 2025.
In the venture, Oddin.gg has decided to partner with Bill Pascrell III, who has been described by the firm as a distinguished figure in political and legal circles.
Pascrell’s extensive experience as Counsel to the Governor of New Jersey, Passaic County Counsel and a trusted advisor to high-profile political campaigns and officials, including John Kerry and US Senators like Jon Corzine, Frank Lautenberg and Cory Booker, positions him ‘uniquely’ to navigate the complex regulatory landscape.
Pascrell III commented: “It is an honour for me to be retained by the number one choice for esports betting: Oddin.gg. I will be assisting them as outside counsel with licensing and regulatory compliance in North America.
“Vlastimil Venclik, CEO & Co-Founder and Marek Suchar, Managing Director & Co-Founder are trailblazers in the esports betting market. Vlastimil and Marek have tremendous reach and the best odds feed and risk management as a major B2B provider.”
