Business of Betting Podcast

On this edition of the Business of Betting Podcast, Jason is joined by Dean Sisun, CEO & co-founder of Prophet Exchange. They discuss why and how Prophet was set up, how Prophet compares to its competitors & much more before there is a twist to the second half of the podcast! Timecodes: 00:27 - The founding story of the Prophet Exchange 03:43 - What is Prophet doing that its competitors aren't? 05:00 - Why move back to the US to launch? 07:25 - When did Prophet launch & how is it going? 09:40 - How does Prophet compare to Sport Trade? 12:21 - How does Prophet compare to top-tier sportsbooks? 14:14 - The challenges behind building Prophet. 19:40 - How is Dean managing the challenge of attracting funding in the current economic climate? 25:35 - Dean's questions for Jason Follow us on: https://twitter.com/bettingpod / @businessofbettin... Get in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

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Justin is joined by Justin Dellario, CEO of eSports betting company, unikrn, on the latest edition of the Business of Betting Podcast. Justin explains what unikrn is, how the world of eSports works and what sports betting has to do with eSports. Hosted on Acast. See acast.com/privacy for more information.

Jason is joined by Varun Sudhakar, CEO & Founder of BetDEX in the latest episode of the Business of betting Pod. Varun shares his story, the inner workings of BetDEX, and his ambitions for the future of the company. Hosted on Acast. See acast.com/privacy for more information.

Jason is joined by Alex Kane, CEO and Founder of Sporttrade Inc. in the latest episode of the Business of betting Pod. Alex shares his startup story, as well as his views on the growth of the American sportsbook industry, and his vision for the future of the industry and exchanges. 04:01 Sporttrade: The humble beginnings 06:25 Alex’s Startup and Investment Round journey 08:18 Techstars to launch 12:31 Building the Sporttrade matching engine 16:00 Pre & Post trade challenges 19:33 Sporttrade vs the competition 24:09 The role of market makers 27:00 The Sporttrade business model 29:56 Competitors and the customer acquisition challenge 32:22 Sporttrade vs Prophet 33:49 Why choose Sporttrade? 42:28 The end of price time? Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of betting Pod, Jason is joined by Lloyd Danzig, Managing Partner at Sharp Alpha Advisors. In this episode Lloyd shares his views on the future of the sports betting and competitive gaming industry, the adaptation of the exchange model in the US, and his hopes for a next gen ‘smart’ world. 02:40 The many hats of Lloyd Danzig: Venture Capitalist investing in the next generation of sports betting and real money gaming platforms. 04:55 The rise of ‘Competitive Entertainment’: The future of winning or outcome based betting products. 08:16 Picks ‘n’ Shovels vs Operator approach: B2B businesses vs B2C operators. 10:53 Evolution of the Exchanges in the US: The maturing of the sports betting market in the US – Limit Book Orders vs Fixed Odds model & high volume, lower margin bets vs high odds parlays. 15:18 Market Cap for Exchanges in the US: Can the US market expect to match or better the UK’s Exchange market share of 10-15%? 21:45 Will sportsbook operators evolve into Exchanges?: Could the compression of margins from competitors force sportsbooks to adopt the exchange model? Could a sportsbook add a matching engine under the hood? 31:09 Sportsbook wagering limits: The ethical argument on limiting winners. 34:01 The future of the industry: Smart betting through personalised betting recommendations. Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of betting Pod, Jason is joined by David Purdum, Gambling reporter for ESPN. In this episode, Purdum who’s been writing on the industry since 2008 goes back on his career, and shares his opinion with Jason on legalization, Sportsbooks in the US and other aspects of the industry. 01:30 How did he get in the Industry: Starting in Atlanta, writing stories about the business, landing at ESPN 06:24 The road towards the federal legislation: The PASPA journey from 2008, David’s opinionThe wire act and federalisation of Sports betting, the barrier to entry 11:50 The evolution of Sports betting in the US: Media companies, Leagues's position, the new betting habits with younger generations, prop bets, Fantasy sports 17:46 The future of betting: Bringing the exchange model in the US, Ethic and limits 20:15 The bookmaker perspective: limiting winners, transaction fees, getting in the industry, market entry and new players: Sporttrade, prophets, Fanatics Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of betting, Jason is joined by Jed Corenthal, Chief Marketing Officer at Phenix Real Time Solution. Phenix is a B2B real-time video streaming solutions provider. The pair discussed the space Phenix operates in and how it's impacting the evolution of Sportsbooks. 01:35 Introduction - Started in sports, went through entrepreneurship and ended up in OTT at Phenix. What is phenix, what does real time streaming mean 04:08 The Secret Sauce: Using content owners, streaming, data providers, Sportsbook integration, distribution system etc. … 08:28 Competitive landscape: Growth in the space, being leader in the market 10:41 The future of Sports data: real time data and micro betting, moving from a bet & watch to watch & bet model, Sportsbook streaming in the UK vs US 15:30 OTT providers v Sportsbook stream: latency, HTTP live streaming, rights distribution, the impact on betting habits, partnerships 24:11 Conclusion on US legislation Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of betting Sandford Loudon joins the show. Oakvale Capital is a leading M&A and advisory firm in the industry. Sanford covers his background, his access to deals, SPACS and shares his opinion on the market. 01:13 His background: From a traditional corporate finance background to gaming advisory; getting access to deals - networking, understanding the space, using his financial foundations 09:40 What are SPACS - Why companies do it, hot it works; the deal with Rush Street Interactive, Valuation and dilution, $10 per share mechanism 29:22 His opinion on the market: Gambling being undervalued 32:05 Focus on the US market: Making money; profitability of US operators; online casinos; maturity of the market; UK v. US Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of betting Nigel Eccles joins the show. Nigel covers his early days at Flutter, his entrepreneurial journey with Fanduel, Betdex and entering the Crypto world. Finally, he gives his honest opinion on the industry. 01:29 His background: Starting at Flutter, taking over Betfair, Launching Betdaq 09:33 His entrepreuneur journey with Hubdub and Fanduel 12:30 Why Betfair is not the leader: Mistakes that prevented Betfair to be #1 15:13 Betfair Post Mortem: Missed on innovation, Marketing failure 21:10 FanDuel journey: The success, winning over casinos 24:57 Fantasy sports & sports betting: PASPA, his vision on the industry, being industry leader 32:36 Building an Exchange in the US: The sophistication of the market, Wire Act and liquidity 37:03 Betdex and Crypto: The purpose, the challenge of Ethereum, Solana, platform risk, the business model and liquidity Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.