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Prophet Exchange recruits from Caesars, Compass and Action Network ahead of New Jersey launch

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Prophet Exchange, the New Jersey-based peer-to-peer sports betting exchange, has today announced several new hires as it builds towards its much anticipated launch in The Garden State. Prophet Exchange will be the first U.S. sports betting operator enabling peer-to-peer betting, which gives users the ability to name their own price. Following its market access agreement with Caesars Entertainment in 2021, Prophet is on track to launch in New Jersey this summer.

Prophet Exchange has hired Matt Stolarz as Director of Technical Product. Matt has been a Software Engineer for over a decade and brings a ton of Sports Gambling industry experience with him. Prior to joining Prophet Exchange, Matt was a Senior Software Engineer at Caesars Entertainment. Leading up to Caesars’ acquisition of William Hill in 2021, Matt was also a Senior Software Engineer at William Hill, where he and his team were responsible for launching the sportsbook in New Jersey and expanding it across the nation.

“I am beyond excited to join Prophet Exchange to help guide and build the first and best sports betting exchange product in the United States,” said Matt Stolartz. “I am also looking forward to working alongside a brilliant and talented team of fellow sports betting industry experts. You couldn’t dream up a better product or a better team to come into.”

Prophet has also hired Zhifeng Shi as Director of Software Engineering. Previously, Zhifeng built large scale data ingestion pipelines in 1010DATA to provide business insights into near real-time data for industry leaders, including the New York Stock Exchange. Most recently, Zhifeng was a Software Engineer at Compass, where he was pivotal, joining the company in its early stages. His team designed and built an end-to-end transaction management platform from scratch within 8 months, and the platform is already powering more than 6% of annual U.S. real estate transactions since its initial release less than a year ago.

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“I am very excited to have the opportunity to join Prophet to work with the product and engineering teams and to build the most reliable and trustable platforms to power the next revolution in U.S. Sports Betting,” Zhifeng Shi said. “I am looking forward to being a part of Prophet’s challenging and exciting journeys ahead.”

Additionally, Prophet has hired Casey Halpern as Director of Social Media & Content. Casey joins from Action Network, where he managed and oversaw their social media channels. Casey has a wealth of experience working in the sports media industry as a producer and researcher for NBC’s Football Night in America for the past five NFL seasons, where he was nominated for multiple Emmy awards. Casey has an extended history working with athletes and media personalities on their content, and building their social media profiles and audiences.

“I am thrilled to join Prophet Exchange,” said Casey Halpern. “This is an incredible opportunity to help scale an important and innovative product that will be the first of its kind in the U.S.

“I firmly believe that Prophet Exchange will solve a plethora of problems that everyday sports bettors currently face. I am looking forward to the exciting, yet challenging times ahead as we build a best-in-class Sports Betting Exchange.”

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Bally Bet Sportsbook & Casino app

Bally’s Interactive Launches the New Bally Bet Sportsbook & Casino App in Ontario

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Bally’s Interactive, the digital and sports betting division of Bally’s Corporation, has launched the all-new Bally Bet Sportsbook & Casino app in Ontario, Canada. This latest release marks another significant milestone for the company, following the recent app update in New Jersey and a series of successful app launches in the past year, including the introduction of Bally Bet Sportsbook across multiple states and Bally Casino in Rhode Island.

The updated Bally Bet Sportsbook & Casino app represents a major step forward, as it combines the functionalities of the existing Bally Casino app and Bally Bet Sportsbook app into one comprehensive platform. Powered by White Hat Gaming, this new app allows players residing in or traveling to Ontario to conveniently place wagers on both sports and casino games using a single app, account, and universal wallet.

“We are thrilled to introduce the new Bally Bet Sportsbook & Casino app, marking a significant milestone for Bally’s. This integrated platform merges the features of our previous apps, providing players in Ontario with a seamless experience for both sports and casino betting. Our commitment to enhancing the player experience remains at the forefront as we strive to personalize the enjoyment of playing Bally Bet,” said Robeson Reeves, CEO of Bally’s Corporation.

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BCLC

Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids

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BCLC reminds adults to gift responsibly this holiday season

With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.

“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”

While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.

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“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”

In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.

“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:

  • Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
  • Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
  • Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
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AGCO

Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier

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Jackpot Digital Inc., a leading provider of innovative dealerless electronic poker gaming solutions, has announced that the Alcohol and Gaming Commission of Ontario (AGCO) has approved the Company to be licensed as a registered Gaming Related-Supplier (the “Supplier License”) under the Gaming Control Act in the Province of Ontario.

This significant achievement allows Jackpot Digital to enter one of the most dynamic and rapidly growing regulated gaming markets in North America. The Supplier License authorizes Jackpot Digital to supply its electronic table games to Ontario’s gaming venues, including casinos and other regulated gaming facilities.

Jackpot Digital’s flagship product, the Jackpot Blitz electronic table game system, offers a modern, dealerless, player-friendly solution that integrates traditional multiplayer poker games with cutting-edge digital technology. The Supplier License will enable the Company to offer its innovative gaming solutions to operators throughout Ontario, driving new revenue opportunities and enhancing player experiences.

“Receiving AGCO’s approval is a major milestone. This approval provides us with the opportunity to offer our top-tier electronic gaming systems to operators throughout all of Ontario, positioning us for further growth in one of the world’s most robust gaming markets. We are excited to bring our innovative products to Ontario’s gaming community and continue our commitment to providing exciting, technology-driven entertainment experiences,” said Jake Kalpakian, CEO of Jackpot Digital.

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