Tag: microbetting
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Betr Picks Adds “Group Mode” Feature, New-Look Sportsbook
Betr announced Thursday that it has launched a “Group Mode” for its peer-to-peer Betr Picks product, following up a soft launch for its enhanced sportsbook product offerings in both Ohio and Virginia. The “Group Mode” launch took place in Florida and Massachusetts, with another eight states — most notably Arizona and Virginia — set to…
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DraftKings Acquires Microbetting Provider Simplebet
On Wednesday, DraftKings announced that it had acquired the leading microbetting provider Simplebet. While the purchase price wasn’t disclosed in a DraftKings press release, JMP Securities reported that DraftKings, which already owned 15% of Simplebet, paid $195 million for the remaining 85% of the company, with a $70 million upfront payment. “Live betting represents an…