FIRST-EVER PRIVATE EQUITY ACQUISITION IN THE NORTH AMERICAN REGULATED GAMING TESTING AND INSPECTION MARKET

Transaction Receives Required Regulatory Approvals Across Multiple Global Jurisdictions

The Visualize Group (“Visualize”), a private investment firm focused on concentrated investing in mission-critical, services-based companies, announced the completion of its acquisition of BMM Testlabs (“BMM”), the longest established and most experienced leader in testing, inspection, compliance, and certification (“TICC”) services for the regulated global gaming industry. The transaction has received required regulatory approvals across multiple global jurisdictions, underscoring the confidence of gaming regulators worldwide in this partnership. Financial terms were not disclosed. The transaction represents the first-ever control acquisition of a major regulated gaming testing laboratory, marking the opening of a market that has been structurally inaccessible to institutional capital.

Headquartered in Las Vegas, Nevada, and founded in 1981, BMM serves gaming product suppliers, operators, and regulators across six continents, employing more than 700 professionals in 16 offices worldwide and holding more than 700 regulatory and related business licenses — one of the broadest regulatory footprints of any organization in the gaming industry.

The transaction represents a structural first: no major gaming testing laboratory in North America has ever been acquired by a private equity sponsor. For decades, the regulatory complexity of the TICC market — requiring hundreds of individual licenses across dozens of jurisdictions — has insulated these businesses from institutional ownership. The successful navigation of that complexity, culminating in regulatory approvals across multiple jurisdictions, establishes BMM as the first institutionally owned platform in the space and positions it as the natural acquirer of choice as consolidation accelerates.

Martin Storm, President and Chief Executive Officer of BMM Testlabs, said, “Today marks the beginning of an exciting and ambitious new chapter for BMM. Gaming regulators across the globe have endorsed this partnership through their approvals, and I am proud of the trust we have built over more than four decades. With Visualize’s support, we can now invest aggressively in our people, our technology, and our global footprint in ways that were not previously possible. Our customers should expect faster turnaround times, expanded jurisdictional coverage, deeper technical capabilities, and a level of service and partnership that no other testing laboratory in the world can match. We are building the definitive platform for gaming compliance, and we are just getting started.”

C. C. Melvin Ike, Founder and Managing Partner of Visualize, said, “We built Visualize to own irreplaceable businesses in markets where regulatory complexity creates durable, defensible demand. BMM is a clear expression of this thesis. The regulated gaming industry generates more than $600 billion in annual gross gaming revenue globally, and its TICC infrastructure — the certification and compliance layer that every product must pass through before it can reach market — is structurally underpenetrated by institutional capital. BMM’s multi-decade track record of regulatory trust and an irreplaceable stable of licenses represent a moat that would take a new entrant decades and significant capital to replicate. We look forward to backing the entire BMM team, supporting the customers that drive the industry, and preserving the trust of the regulators that protect it.

Advisors

Weil, Gotshal & Manges LLP and Greenberg Traurig acted as legal and regulatory counsel, respectively, to Visualize. Gadens, BDO, and Cooper Levenson acted as legal, financial and regulatory counsel to BMM Testlabs.

Gamdom, a leading global online gaming and digital casino platform, announced the acquisition of MOTHERLAND Casino, the culture-driven online gaming platform founded by Grammy-nominated artist and entrepreneur Iggy Azalea and later joined by global streaming star N3on as partner and co-stakeholder. As part of the acquisition, both Azalea and N3on have signed long-term Ambassador agreements with Gamdom.

The transaction marks a continued step in Gamdom’s strategy to expand its cultural footprint while strengthening long-term relationships with influential global talent.

Launched as an entertainment-first casino experience, MOTHERLAND blended online gaming, livestreaming, influencer integrations, and crypto-native engagement to build a highly engaged global community. What began as a bold creator-led experiment quickly evolved into a scalable gaming business operating at the intersection of culture and commerce. The acquisition reflects a shared vision around the evolving intersection of entertainment, online gaming, and digital audiences.

“This partnership reflects where the industry is heading. Online gaming today sits at the centre of digital culture. Working alongside globally recognised creators allows us to continue building experiences that resonate with modern audiences,” said a Gamdom representative.

As part of the agreement, Iggy Azalea and N3on will become ambassadors of Gamdom, focused on brand collaboration, audience engagement, and future initiatives.

“MOTHERLAND was built around community and culture. This next phase is about building on that momentum in a way that’s sustainable and globally positioned “ said Iggy Azalea.

N3on added: “Gaming and livestream culture move fast. Partnering long-term creates stability and room to grow.”

Polymarket has acquired Dome, a Y Combinator-backed startup that built a unified API platform for prediction markets. The acquisition was announced and confirmed on February 19, 2026, via posts on X by Polymarket and Dome’s team.

Financial terms were not disclosed, marking this as Polymarket’s second known acquisition following its 2025 purchase of CFTC-licensed derivatives exchange QCEX to support its U.S. re-entry. Dome provided a unified API and SDKs that enabled developers to: Access real-time and historical data like market odds, trades, order books.

This acquisition comes amid Polymarket’s growth, including recent partnerships with Substack for embedding live market data. The deal signals consolidation in the prediction markets space, boosting accessibility and innovation for developers and users alike.

The acquisition of Dome by Polymarket has several notable short- and medium-term impacts across the prediction markets sector, developer ecosystem, and Polymarket’s strategic positioning. Dome’s unified API; originally enabling single-integration access to data, trades, and analytics across platforms like Polymarket and Kalshi is now internalized.

This allows Polymarket to dramatically improve its own developer tools, reduce friction for builders, and create a more seamless experience for apps, bots, dashboards, algorithmic trading tools, and third-party integrations.

Polymarket gains insights into and potential influence over cross-platform activity, including on rival Kalshi. It reduces fragmentation in data access, making Polymarket the go-to hub for developers rather than forcing them to build separate integrations.

Dome’s team including co-founders from Alchemy joins Polymarket, accelerating roadmap execution on APIs, data reliability, and new features.