Canada
XCAD Network Receives Series A Funding via Strategic Partnership with Jump Crypto
XCAD Network, the content creator tokenization platform that has YouTubers with a combined following of over 100 million, is pleased to announce they have completed Series A funding from one of Wall Street’s major digital asset players, Jump Crypto.
As well as investing, Jump Crypto will be helping to build XCAD into a top asset in the space, via exchanges, partnerships, further liquidity and more.
Who is Jump Crypto?
Jump Crypto, headquartered in Chicago, with offices worldwide and 800+ employees, is a global trading firm, active in futures, options and equities markets. Jump Crypto has made similar investments to the one announced today, in many notable projects, such as Chiliz ($CHZ) and Solana ($SOL). They are one of the biggest liquidity providers in the world for the cryptocurrency market.
Jump has emerged as a key player in cryptocurrency space, since the birth of six-year-old digital asset division, Jump Crypto. They offer liquidity to markets, act as a market maker and execute trades for Robinhood Markets Inc.’s customers, as well as other large T1 exchanges in the cryptocurrency space, to which they are heavily connected with.
The Partnership & Investment
Jump Crypto will be adding liquidity to XCAD on current and upcoming exchanges. Extra liquidity enables bigger trades to be placed, both buys and sells, without having as much price impact. This will make XCAD a much more attractive asset to participants in digital assets. Furthermore, Jump will be providing liquidity for XCAD’s fan tokens on any centralised exchanges they may be listed on. Fan tokens can only be listed on exchanges with XCAD Network’s approval via an exchange partnership.
Jump will be focused on expanding XCAD to new audiences within the cryptocurrency space via their strong network of Tier 1 exchanges & partners. The undisclosed investment will provide XCAD with the additional funding to scale and grow. Thanks to this investment, XCAD’s expansion plans have now been expedited, and will be able to scale at a faster pace.
Oliver Bell, CEO and Co-Founder at XCAD Network, said:
“We have the biggest names in YouTube as part of our network and now one of the biggest names in the investment world. We’re very excited to have this backing from Jump Crypto and believe they will help to shape us into a major player in the crypto space. What they have been able to achieve with other projects is incredible. Hopefully now people will start to see the direction we are heading with XCAD, and we look forward to sharing more important partners with the community soon.”
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Canada
ComeOn Group adds sportsbook to its offering in Ontario
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Canada
IAGR announces Toronto as host city for 2025 conference
Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.
The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.
‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.
‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’
AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’
Stay tuned for registration details early next year.
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