Category Archives: Betting

Genius Sports leaders acquire stock against NYSE slump 

Leadership of Genius Sports Inc has purchased over 280,000 of common shares of GENI stock following the sportstech group’s November slump on the NYSE.    The trade was led by chief executive Mark Locke, who purchased 50,000 GENI shares at a projected cost of $10.02 per share – a transaction that would have cost him circa …

Codere underscores ‘ambitious expansion plan’ upon making Nasdaq debut

Codere Online has made its entry on the Nasdaq stock exchange, following the conclusion of its merger with SPAC DD3 Acquisition Corp. II, becoming the first listed wagering firm for Latin American markets.    The shares and warrants  of Codere Online will be listed on the Global Nasdaq stock market under the “CDRO” and “CDROW” …

Assessing the key findings from a SOFTSWISS customer survey

Quick problem resolution is the most important characteristic of the customer service provided by industry suppliers, while support for various payment systems is the key deciding factor for operators choosing an online casino platform. Those were the key takeaways from a large-scale survey on customer satisfaction led by Kantar Ukraine on behalf of SOFTSWISS. The …

Colossus Bets sues DraftKings of IP infringement of Cash Out product

Colossus Bets has filed a US Patent lawsuit against DraftKings in relation to the infringement of its Cash-Out product.  The lawsuit has been filed with the District Court of Delaware and sees Colossus accuse DraftKings of infringing seven patents across sports betting and gaming products that are incorporated within its Cash-Out feature. Global law firm …

Aristocrat welcomes Playtech sale of Finalto division

Aristocrat Leisure has made progress in its prospective acquisition of Playtech, after stakeholders of the latter company voted in favour of selling its Finalto financial trading division to Gopher Investments. The disposal of Finalto to Gopher was cited as a ‘key condition of aristocrat’s offer’ for the whole of the Playtech business, and has been …

Disrupt Entertainment banned in Sweden in latest Curacao ruling

The Swedish Gaming Inspectorate, Spelinspektionen, has made another ruling against a Curacao gambling business, banning online operator Disrupt Entertainment. Issuing an update, Spelinspektionen detailed that Disrupt Entertainment had been providing information in Swedish and conditions for game participation in Swedish on the website of its Casinosinners brand. The Swedish authority initially launched a supervisory case …

IBIA: Football friendlies are easily exploited by match fixers

The International Betting Integrity Association (IBIA) has warned betting leadership that a lack of governance of friendly football matches is being exploited by criminal gangs.  New research by the University of Nicosia Research Foundation, funded by the EC’s Erasmus+ programme, has revealed that more than 250 friendly matches involving European clubs “showed signs of suspicious …

Sorare enlists SEON to enhance fraud prevention capabilities

Fantasy football platform Sorare has entered into a partnership with SEON, leveraging the latter’s solutions to detect fraud within its referral programme. The agreement will see Sorare utilise SEON’s onboarding monitoring, device fingerprinting and tailored risk rules offerings to identify and prevent referral fraud and protect its Non-Fungible Token portfolio. Solutions included under the terms …

Codere Online finalises merger with DD3 whilst making new board appointment

Codere Online has completed its merger with DD3 Acquisition Corp, following the approval of the latter’s stakeholders in 18 November, whilst also announcing the appointment of Patrick Ramsey to its board. The Latin America-focused online sports betting and casino gaming operator predicts that the finalised transaction will result in gross proceeds of approximately $116 million, …