Simplebet

Simplebet

Automates live sports betting opportunities

About

Simplebet operates in the sports betting industry by providing technology that allows sportsbooks, gaming operators, and media companies to create betting opportunities for every moment of a sporting event. Their products include automated live pricing, game trackers, and free-to-play games, which help enhance the live betting experience for users. Unlike many competitors, Simplebet focuses on integrating these features seamlessly into existing platforms, ensuring compliance with regulations and offering dedicated technical support. The company's goal is to increase user engagement and retention through innovative betting solutions while generating revenue by licensing their technology and offering custom contests.

Company Stage

Debt Financing

Employees

51-200

Industries

Consumer Software, Gaming

Total Funding

$62.7M

Headquarters

New York City, New York

Founded

2018


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Simplify's Take

What believers are saying

  • Simplebet's micro-betting markets doubled yearly handle with MLB, showing strong growth potential.
  • Partnerships with media companies like YES Network enhance user engagement through interactive experiences.
  • Winning the 2023 American Gambling Awards boosts Simplebet's reputation in the online betting industry.

What critics are saying

  • DraftKings acquisition may disrupt Simplebet's current business model and partnerships.
  • Increased competition from companies like WagerWire could challenge Simplebet's market position.
  • Rapid expansion into new sports markets may stretch Simplebet's resources and affect quality.

What makes Simplebet unique

  • Simplebet offers innovative micro-betting products for major sports leagues like NFL and NBA.
  • The company provides real-time betting experiences with its proprietary automated operations platform.
  • Simplebet's platform is GLI certified, ensuring compliance and reliability in sports betting.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-10%

2 year growth

1%

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