Underdog now valued at 5M after new fundraising round, plans to build licensed sports betting products

Underdog, a paid fantasy sports company based in New York, closed a Series B round of fundraising totaling $35 million. The round, which includes funds and accounts managed by BlackRock and Acies Investment, values the company at $485 million. Over the next year, Underdog plans to build “innovative” licensed sportsContinue Reading

SGA Launches a Campaign to Promote Licensed Gambling

The Swedish Gambling Authority (Spelinspektionen) continues its crusade against the unlicensed gambling operators in the country by urging the local bettors to choose their licensed counterparts. Games Need Rules: SGA’s Latest Campaign The authority’s new campaign is called “Spel behöver regler” or “Games need rules.” True to its name, theContinue Reading

PointsBet, theScore and Rivalry become Ontario’s first licensed online gaming operators

Ontario’s new iGaming market, which is set to launch on April 4, 2022, has confirmed its first licensed operators. Penn National Gaming’s subsidiary theScore Bet; Rivalry Corp. and PointsBet announced Friday they have achieved registration as internet gaming and sports betting operators with the Alcohol and Gaming Commission of OntarioContinue Reading