Posts by cara@bettingjobs.com
Midterm Blues
Blunami: The Democratic sweep of Congress has opened a new argument over the future of sports prediction markets. Citizens said they expect President Trump’s veto power to keep the ultimate decision with the Supreme Court but the team at Regulus sees a potentially seismic shift, with Republicans seeking distance from Trump and liquidity providers weighing…
Read MoreBeat the clock
Bull in a bear market: While not exactly betting the farm, DraftKings showed it is certainly rolling the dice on prediction markets with its investment in the product cratering the expected FY26 adj. EBITDA outcome to just over $225m at midpoint, down from a midpoint of $800m previously. In the accompanying shareholder letter CEO Jason…
Read MoreLO:TECH raises $12M Series A led by MMC
The news: London-based capital markets firm LO:TECH has raised a $12M Series A led by MMC, with existing investors Faction and 13 Books Capital participating alongside Atka. The money will fund expansion into the US and Asia-Pacific, including New York and Singapore. Zoom in: LO:TECH’s high-frequency trading infrastructure powers both its own liquidity provision and…
Read MoreThe next war
Run it up the flagpole and see who is Salutin: The UK gambling sector should prepare for a campaign for a new Gambling Act following Chancellor John Healey’s decision to raise machine games duty (MGD) from 20% to 25%, industry sources suggest. The increase falls short of the 40% rate sought by the Social Market…
Read MoreMisfiring on all cylinders
Did I drive you away? With Barry Diller’s People Inc. bid now dead in the water, analysts and investors are left assessing a business where adj. EBITDA in the Strip, regional and Macau segments are heading backwards while the international digital business remains in the red. Revenue fell 1% to $4.21bn, but adj. EBITDA dropped…
Read MoreDiary of an iGaming Exec – Jo Purvis
After 17 years helping to build Blueprint Gaming from the ground up, Jo Purvis, Chief Commercial Officer at JP Consultancy, has embraced a new chapter in consulting. In the latest Diary of an iGaming Exec episode with Robin Hutchison, Jo reflects on the early days: a tiny team and just a handful of games. Her…
Read MoreCatena Growth Ventures makes first disclosed investment in Repackz.fun
The news: Catena Media has made a strategic investment in Collectbase Inc., the US parent company of Repackz.fun, a B2B platform that lets iGaming operators, brands, and publishers offer pack ripping under their own name. It is the first deal from Catena Growth Ventures, the group’s investment and partnership arm. Terms weren’t disclosed. Zoom…
Read MoreThere’s a riot goin’ on
The terror: Street unrest affected around 100 FDJ United outlets in France, but CFO Dan Lévy said the disruption had no material business impact. But it couldn’t be worse-timed as retail traffic fell roughly 10% in both Q2 and Q3, scarce EuroMillions jackpots hurt lottery sales and punter-friendly results squeezed sports-betting margins. French online betting…
Read MoreDrawing a line
Line drawing: The voluntary code governing the UK’s prize draw sector should become the minimum standard for operators with the Prize Competition Council preparing audits and a kitemark intended to turn commitments into demonstrable compliance. Such are the thoughts of the PCC’s new executive director, Tom Banks, who described the DCMS code as “the line…
Read MoreLumina Markets launches prediction market app for US traders
The news: Lumina Markets has launched its web and mobile app for US customers, giving retail traders a regulated way into event contracts listed on ForecastEx, the CFTC-designated exchange affiliated with Interactive Brokers. The New York company is backed by Interactive Brokers Group founder Thomas Peterffy, who invested in a personal capacity, and is led…
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