Business Of Betting Podcast

On this episode of the Business of Betting Podcast, Jason is joined by Jesse Learmonth, host of The Betting Startups Podcast. Jesse has interviewed almost 100 industry startup founders, and has a unique lens on the industry's early-stage ecosystem. He has been in the industry for 14 years as a founder, an executive at Pinnacle Sports, and advisor to several industry startups. Timecodes: 00:54 - Launching The Betting Startups Podcast 04:01 - Choosing a podcast format 06:42 - Authenticity in interview-based podcasts 09:31 - Areas of pushback on startup founders 13:45 - Competing on price in sports betting 19:41 - Why the low-margin model isn't more mainstream 24:27 - Why BoB hasn't had a new episode in 3 months 25:27 - Partnership announcement between BoB and The Betting Startups Podcast 27:56 - Future plans for BoB and call for guests 30:29 - Jason and Jesse's boring video backgrounds Follow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrost businessof

On this weeks edition of the Business of Betting Podcast, Jason is joined by Joey Levy from Betr. With the backing of social media personality and boxer, Jake Paul, Joey is the Founder and CEO of Betr which is the first direct-to-consumer micro-betting focused sports betting company. Betr has also launched a new media venture for the next generation of sports fans. Betr is setting out to disrupt legacy gambling and legacy media, with a mission of making sports and betting Betr. Timecodes: 00:46 - Who is Joey Levy and what is Betr? 07:46 - What type of product is Betr? 09:51 - What is the vision with Betr? 13:21 - Customer / revenue numbers 18:35 - What is it like working with somebody else's code? 21:43 - What is Joey's view on the Friedberg hypothesis? 31:48 - What is the goal with Betr? 35:23 - What does Joey want to be when he grows up? #betting #business #exchange #podcast #smarkets #betr Hosted on Acast. See acast.com/privacy for more information.

On this weeks edition of the Business of Betting Podcast, Jason is joined by Vinit Bharara, Co-Founder & CEO of Mojo. After just over two years working as an attorney in New York in the late 1990's, Vinit decided to change career paths and become an entrepreneur. Vinit is now onto his fifth start-up with Mojo which is the first ever licensed sports betting stock market. Timecodes: 00:20 - Introduction 02:05 - Vinit's background story 03:55 - Vinit's early days as an entrepreneur 05:30 - What kind of entrepreneur is Vinit? 06:45 - What is Mojo? 10:23 - The mechanics of Mojo 22:39 - Mojo's business of model 24:22 - What is becoming a bigger part of Mojo? 27:23 - Why was Mojo set up? 29:43 - What does Mojo class itself as? 33:33 - What is next for Mojo? 34:44 - What does Vinit want to be when he grows up? #betting #business #podcast #businessofbetting Download SBK: https://getsbk.com Follow us on Twitter - https://twitter.com/sbk Hosted on Acast. See acast.com/privacy for more information.

On this edition of the Business of Betting Podcast, Jason is joined by Evan Kirkham, Co-Founder & CEO of Outlier. Having previously worked as an attorney for over 10 years, in October 2020 Evan launched Outlier as a startup CEO and hasn't looked back since almost three years down the line. Outlier is a first-of-its-kind sports betting platform where sports fans can browse, analyze, and execute bets with confidence. Timecodes: 00:35 - A message to fans of the podcast 02:38 - Getting to know Evan Kirkham 07:18 - What is Outlier? 08:30 - Why did Evan launch Outlier? 12:45 - Is this a good time to be a startup? 15:23 - Outlier's business model 17:09 - What makes a customer want to join Outlier? 19:48 - Where do Outlier get their insights? 20:45 - Discussion on the different sports data providers 23:44 - Who are Outlier's competitors? 25:56 - Sports betting in Texas 30:26 - Evan's vision for sports betting 33:59 - What does Evan want to be when he grows up? Follow us on: https://twitter.com/bettingpod

On this edition of the Business of Betting Podcast, Jason is joined by Chris Bevilacqua, Founder & CEO of SimpleBet. With a passion for sport held from an early age, Chris started his career as part of the video production team at NBC, making promos for NBA & NFL games. After a successful period in the TV industry in which Chris won awards, he decided to launch SimpleBet in 2018. SimpleBet is a B2B product development company using machine learning and automation to make every moment of every sporting event a betting opportunity. Timecodes: 00:30 - Introduction to SimpleBet 01:13 - Chris' passion for wrestling and the lessons it has taught him 07:53 - Chris's background story 16:18 - The future of live sports broadcasting 23:50 - Why did Chris co-found SimpleBet? 26:38 - The SimpleBet product and how it generates money 28:35 - Does SimpleBet have competitors? How does it stand out? 30:09 - Example of a SimpleBet market which can't be found elsewhere 31:16 - How do SimpleBet get their data? 35:

On this edition of the Business of Betting Podcast, Jason is joined by Soo Kim, Chairman of Bally's Corporation. Soo is the founding partner of investment firm Standard General L.P. & is the firm's Managing Partner & Chief Investment Officer. Soo has a wealth of experience in the investment space, but has also been involved in the evolution of the gaming industry. Timecodes: 00:57 - Soo's background 03:30 - What kind of entity is Standard General? 05:09 - The structure of a Hedge Fund 07:55 - Types of investment 13:15 - What does Soo class himself as? 17:35 - Bally's thesis 23:48 - How does Bally's differ from its competitors? 25:07 - Bally's acquisition strategy 26:56 - Raising share price 29:39 - Could the physical and online business be separated? 30:47 - Soo's view on sports betting 33:11 - What does Soo want to be when he grows up? Follow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrost [email protected] #business #b

On this edition of the Business of Betting Podcast, Jason is joined by Dustin Gouker, Consultant at Catena Media. Dustin's story began in the newspaper industry where he worked as a journalist for a number of years before venturing into marketing. In 2015, Dustin began to report on the sports betting and online poker industry for Legal Sports Report. His latest role was as a Vice President at Catena Media in charge of content. He is now acting as a consultant for Catena Media, while deciding what he would like to do next in his career. Timecodes: 02:10 - Dustin's background 04:15 - Daily Fantasy and Sports Betting 10:45 - Dustin's opinions on sports betting in America 14:50 - Jason v Dustin on regulation 33:15 - What does Dustin make of 'The Big Four' in the US? 35:40 - Dustin's view on a company like Smarkets 43:25 - Next steps for Dustin Follow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrost #business #betting #podcast #businessofbetting #smarke

On this edition of the Business of Betting Podcast, Jason is joined by Joel Simkins, Managing Director in Houlihan Lokey's Technology Group. Joel began his career as a leading equity analyst before successfully transitioning to investment banking where he has gained a wealth of experience in the gaming industry. Jason and Joel cover a range of topics such as regulation in the industry, discussion on some of the leading sports betting companies, Joel's advice to young entrepreneurs and much more! Follow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrost #business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

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

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

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

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:

In this episode of the Business of Betting podcast, Brad Allen from Legal Sports Report (LSR) joins Jason Trost to cover and share opinions about the latest industry news. 00:53 Amy Howe talks offshore betting: Making a better product, taxes, offshores books and limits of the market 10:10 Matchbook brokerage service 20:00 Openbet retraded price: stocks down 33%, B2B suppliers, change of control clauses Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: https://twitter.com/BradAllenNFL https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of Betting podcast, Scott Kaufman-Ross joins the show. Scott is SVP Gaming & New business at the NBA and talks about how he got his job, how the NBA is very pro betting and monetizes betting, what it sees in the future and how teams can decide who to work with. 02:14 How Scott got into the NBA: Starting in Finance, being a fantasy player 07:54 The evolution of the industry: The league’s position on sports betting, what the approach should be 14:38 The NBA’s economic system: Revenue, teams 20:26 The League and revenue share with sportsbooks 25:22 Sponsorship inventory, activation, level of deals (team vs league), licensing framework, legal and offshore operators 31:05 Betting activity and attention: data attribution, large markets 34:25 Consumption of media: Digital vs linear, customisation, NBA telecast 39:00 Injury reports and Transparency Follow us on: https://twitter.com/bettingpod https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch: h