Posts by cara@bettingjobs.com
Hedge funds are coming for sports betting, prediction market arbitrage
The news: SBC has announced the five finalists for the 2026 First Pitch competition taking place June 11 at SBC Summit Americas in Fort Lauderdale, co-organized with BettingStartups. The annual startup pitch competition gives early-stage gaming and sports betting companies a live stage in front of investors and industry judges, with the winner taking home…
Read MoreHiding in plain sight
No hiding place: A Senate subcommittee on Wednesday scrutinized the growth of sports betting and sports integrity, but senators spent most of the hearing on prediction markets, questioning whether they are, in fact, just sportsbooks. The rise in popularity of prediction markets has prompted multiple bills in Congress aimed at tightening oversight. Marsha, my dear:…
Read MoreEverybody has a plan…
I came across a fallen tree: Three months on from the announcement of the $1.2bn acquisition of Legend, which lopped over a quarter off the company’s market cap, Genius Sports CEO Mark Locke said the “ferocity” of the share price reaction was a surprise. Speaking to E+M for an upcoming Q1 ‘Earnings Debrief’, Locke said…
Read MoreDiary of an iGaming Exec – Matt Stephenson
Matt Stephenson, an instrumental figure in helping Genius Sports to become a world leader in sports data and technology, joined Robin Hutchison for the latest Diary of an iGaming Exec episode.🎙️✨ Matt reflects on his journey through the iGaming industry, discussing the evolution of live betting, the future of sports technology and the impact of…
Read MoreWaterhouse VC backs Spinlab Studio’s no-code platform
The news: Waterhouse VC has secured a three-year option to acquire an interest in Spinlab Studio, a no-code iGaming platform that bundles payments, compliance, casino content, and backend infrastructure into a single product. Since its launch in January 2026, Spinlab Studio reports around 30 operators are already on the platform, with tiered SaaS-style pricing starting…
Read MoreA shambles
Ain’t got all the facts, but I got a hunch: The UK Gambling Commission said it was determined to go ahead with the implementation of affordability checks – or what it insists should be called financial risk checks – despite the criticism leveled at its planned rollout by an advisory group member. Noyes abatement: James…
Read More28 days later
Domino hoo hoo: The talks between Evoke and suitor Bally’s Intralot look set to go down to the wire, with Monday’s deadline looming and the two parties evidently still unable to agree on a deal. The May 18 date was set when Bally’s Intralot’s 50p-a-share approach was first announced on April 20. Now it comes…
Read MorePales in comparison
Nothing compares 2 U: The reason why Flutter opted for change at the top of FanDuel appeared obvious overnight after rival DraftKings delivered what CEO Jason Robins described as a “fantastic” set of quarterly numbers. Q1 revenue came in up 17% YoY to $1.65bn while adj. EBITDA soared 64% to $168m. The company said that…
Read MoreXO Market raises $6M to build the “YouTube of prediction markets”
The news: XO Market closed a $6 million seed round led by 20VC, Picus Capital, and Coinbase Ventures to build what it’s calling the “YouTube of prediction markets,” or in simple terms, a platform where users create and run their own markets rather than trading on a curated list set by the platform. Since its…
Read MoreNon stop
Stop, start: The Australian regulator announced yesterday that an investigation into Entain Australian brands, Ladbrokes and Neds, has uncovered more than 500 breaches of the country’s national self-exclusion rules. The Australian Communications and Media Authority (ACMA) probe found that self-excluded customers were able to keep gambling, in one case for more than a year. In…
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