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In a press release issued today, Nasdaq traded company Elys Game Technology, announced the continuation of their partnership with Sportradar.
Elys Game Technology is a B2B global gaming technology company operating in multiple countries worldwide. It also holds B2C online and land-based gaming operations in Italy where despite of the highly competitive market, it was able to gain a 56% market share and furthering strengthening its strategic position.
With the renewed agreement, Elys is sending a strong signal that it is ready to enter the U.S market after having completed their product regulatory requirements to commence B2B operations in the U.S, Sportradar will provide them with official pre-game and in-play data for major U.S sports.
It is worth noting that Sportradar have recently released their plans for a Universal Fraud Detection System (UFDS) and thereby strengthening their commitment to the Integrity of Global Sports.
Commenting on the agreement with Sportradar, Matteo Monteverdi, Chief Executive Officer and President of Elys Game Technology, Corp., said: “We are pleased to strengthen our partnership with Sportradar to include industry-leading U.S. sports data for live in-game wagers on our sports betting platforms. The new agreement further enhances our product portfolio for live streaming sporting events and should open up new opportunities in the sizable U.S. sports betting market ahead of our scheduled first U.S. deployment in Washington DC. According to Morgan Stanley, the U.S. sports betting market is expected to generate nearly $7 billion in revenue by 2025. We believe that Sportradar’s cutting edge technology, superior data and analytics will enable us to execute our vision of building a premier, end-to-end sports betting solution for European and North American gaming operators.”
Eduard Blonk, Chief Commercial Officer of Sportradar, confirmed: “We’ve been long-time partners with Elys, a trusted provider of innovative wagering solution services within the European market. This expansion of our partnership in the U.S. is a natural next step given Elys’ growth trajectory. We look forward to working together and bringing a unique betting experience.”