BetDEX the new venture of Nigel Eccles, former founder of FanDuel, has secured a $21 million seed funding round – “the largest ever seed executed by a UK start-up”. A raft of investors led by San Francisco crypto fund Paradigm and Bahamas-based cryptocurrency exchange FTX has backed Eccles to transform BetDEX into the “world’s first decentralized sports betting protocol”. Last …
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There are significant lessons that sponsorship managers of North American sports betting brands can take from their European counterparts, writes Antourage CEO Johan Junker. Almost three years after the Supreme Court struck down the federal ban on sports betting, allowing states to legalise it if they wish, the industry is starting to gather some serious momentum. This has manifested itself …
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Flutter Entertainment Plc continues to underline its operating efficiency to help match its global scale demands and strengthen its brand portfolio’s leading position across multiple markets. Posting its Q3 trading update, The FTSE100 betting group registered corporate revenues of £1.43 billion up 9% on corresponding 2020 results of £1.32 billion. Topline growth was attributed to Flutter maintaining a double-digit increase …
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Nigel Eccles, the co-founder of FanDuel, has announced the launch of his new business venture BetDEX Labs – a decentralised sports betting exchange built on the blockchain rails of Solana (SOL). BetDEX is co-founded by Eccles and former FanDuel senior engineers Varun Sudhakar (CEO) and Stuart Tonner (CTO). Eccles posted on LinkedIn that the venture would be welcoming FanDuel Director …
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Flutter Entertainment Plc has confirmed the promotion of Amy Howe as Chief Executive of its flagship US subsidiary, FanDuel. Having previously served as the Global COO of Ticketmaster, Howe joined FanDuel in February 2021 as President where she was charged with leading the company’s commercial strategy across all core business segments and products. The appointment sees Flutter complete its three-month …
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The US market has become the golden goose of the global sports betting industry, presenting itself as the ‘land of opportunity’ for those looking to expand their international footprint. Strategy expert Anton Kaszubowski – Founder and Managing Director at SBC Advisory Partners – takes a look at why the US market has become a ‘big name game’ and why mergers …
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SBC Leaders has grown to 60 member companies ahead of its biggest meet-up to date, at this month’s SBC Summit Barcelona conference and exhibition. PAF, Apuesta Total, Nederlandse Loterij, Slots Million, Adjarabet, Retabet, BetWarrior, and the Ukrainian Gambling Council are among the new members of the exclusive group for international betting and gaming operators and operator associations. The membership has …
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Sportradar has strengthened its position in the US sports betting industry by extending its existing partnership with prominent operator FanDuel. The contract renewal will see Sportradar continue to serve as the data and odds supplier for US sports for FanDuel until 2028, with the Swiss sports data and analytics company providing products and services including pre-match and live betting services …
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Flutter Entertainment Plc has underlined the scale, efficiency and product excellence of its global brand portfolio that has registered a 40% increase in active monthly players (AMPs) to 7.6 million. Publishing its H1 2021 interim results (period ending 30 June), the firm recorded group pro-forma revenues of £3 billion, up 30% on corresponding H1 2020 results of £2.4 billion. Headline …
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Flutter Entertainment has delayed its US Initial Public Offering (IPO) of FanDuel ahead of the resignation of Matt King, the CEO of the latter company – which is expected in the coming weeks. The FTSE 100 gambling group, which operates Paddy Power, Betfair and Sky Bet, had initially disclosed that it was pursuing a listing of a ‘small shareholding’ in …
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