Startups Compete in the New Sports Betting Arena
It’s time to place your bets! Sports wagering is definitely on.
The recent U.S. Supreme Court decision to strike down a federal law that previously made it illegal to bet on sports events in any state other than Nevada opens up a new world of opportunities for sports companies and related startups.
The unprecedented convenience of online wagering, including mobile, certainly comes as extremely welcome news to sports betting app developers, while simultaneously enabling new avenues for eSports, sports social media and a wide range of analytics platforms to pursue.
Not surprisingly, the new sports betting ecosystem includes a plethora of sports-related startups, all competing for a piece of the potentially lucrative industry as it hits the mainstream.
But which startups are making the most significant initial impact and showing the brightest signs of success? Observing the latest reports, some trends become apparent.