Simplebet provides technology to turn every moment of a sporting event into a betting opportunity for sportsbooks, gaming operators, and media companies, using automated live pricing, game trackers, and free-to-play games to boost engagement. The platform integrates with partners to deliver real-time odds, monitors in-game events, and hosts free-to-play contests, backed by GLI-certified compliance and strong admin tools, dedicated technical support, and a testbed for easy integration. It differentiates itself by combining live pricing, trackers, and free-to-play formats with targeted ads and a focus on engagement as well as wagering. Its goal is to grow live betting adoption, expand licensing partnerships, and generate revenue from licensing, custom contests, and ads.
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Industries
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$82M
Headquarters
New York City, New York
Founded
2018
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Total Funding
$82M
Above
Industry Average
Funded Over
6 Rounds
At the end of DraftKings’ fourth-quarter earnings call Friday (Feb. 14), Co-founder and CEO Jason Robins was asked whether the company would ever accept cryptocurrency payments.“It’s certainly something we’re looking at,” he told analysts. “It’s also getting regulators comfortable with it. They’re usually cautious around crypto. There are only a handful of states open to it at the moment, but if it grows to a larger number of states, it’s something we’d take a longer look at.”Cryptocurrencies like bitcoin, ethereum, and stablecoins are being integrated into sports betting platforms, according to an Evoloution Jobs post, offering faster transactions, lower fees and better privacy. Blockchain technology ensures transparent betting by allowing bettors to verify the fairness of outcomes.According to a PYMNTS Intelligence report, “The Treasury Management Playbook: Spotlight on Cross-Border Payments,” a collaboration with Citi, stablecoins provide an alternative by enabling near-instant transfers, reducing costs, and increasing transparency with the use of blockchain technology
DraftKings acquired Simplebet for $195 million. Chris Bevilacqua, a co-founder of Simplebet, discussed the sale, citing challenges with live data rights and sportsbooks' preference for proprietary tech as key factors. The Sporticast episode also covered the impact of streaming services on sports media, the shift in advertising ROI metrics, and the future of college sports, with Bevilacqua's group exploring new business models for the NCAA.
DraftKings Inc.
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.
Simplebet also launched a new "Visualizer" market for college football, capitalizing even more on the rise of microbetting and innovation within the industry.
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Industries
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$82M
Headquarters
New York City, New York
Founded
2018
Find jobs on Simplify and start your career today
We update Simplebet's jobs every few hours, so check again soon!Browse all jobs