Canada
Web3 Fantasy Sports Platform Gambit’s Private Alpha Launch Sees 23,000 Registered Players in First Two Weeks Following US$1.5M Pre-Seed Funding Round
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Pioneering a more accessible fan-centric gaming environment for the web3 fantasy sports ecosystem
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NBA Finals excitement brings in players from across the world, with especially high engagement in Indonesia, Vietnam, the Philippines, and India
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Powered by crypto venture studio SuperLayer, backed by innovators across web3, sports, and technology such as Joe Montana and Marc Andreessen
Gambit, a tokenized fantasy sports platform that allows players to build, trade, play, and earn through their favorite sports, has enjoyed a successful Private Alpha Launch throughout the NBA Playoffs and is capitalizing on the excitement of the NBA Finals this week as the Warriors and Celtics tie going into Game 3.
Gambit has seen significant and sustained user growth over the course of the NBA Playoffs with over 26,000 registered players invited to test the Alpha product from a waitlist of over 130,000. Engagement has been highest in Southeast Asia and India, accounting for over 60% of players.
Communities are at the cornerstone of web3 ecosystems and Gambit has already seen mass appeal on a global level, with players across Asia accounting for the majority of its current users. This is in line with the growing internationalization effort driven by the NBA, which has seen significant popularity in markets across Southeast Asia such as the Philippines and Indonesia. Compounded with strong adoption of play-and-earn and free-to-play (FTP) gaming across the region, Gambit has experienced impressive global engagement figures through the NBA Finals, with a more winnable and fan-friendly product.
Once the NBA season comes to a close in mid-June, Gambit will be gearing up for its next milestone — a public allowlist Beta launch — focusing on bringing a new sport and over 100,000 users onto its platform. Soccer will be making its debut on the platform this year, starting with the “Big Five” European leagues. While the Beta waitlist for the soccer season will begin with current players, new members will be given many opportunities to experience the Beta product for themselves. Gambit will also be working to release its platform to a wider audience during its full public launch later this year.
Commenting on the growth seen to date, Riaz Lalani, Founder of Gambit, said: “Today’s fantasy sports ecosystem has largely forgotten about the fans — games are more about crunching numbers than the fun and enjoyment that comes with being a sports fan. At Gambit, we want to put the power back in fans’ hands, enabling them to own the fantasy sports journey from start to finish. We’re taking the play-and-earn dynamic one step further, empowering our users to play-to-own. We’re excited to offer an ecosystem that every sports enthusiast deserves and has a collective stake in.”
Rather than simply address the shortcomings of existing fantasy platforms, Gambit is forging a new path by prioritizing accessibility, ownership, and fun over the transactional nature of traditional web2 fantasy sports. The community ethos of web3 ensures greater persistence and retention among users through the $GMBT token, which encourages alignment across customers, builders, and stakeholders. However, Gambit does tackle the critical pain point of equal odds and equal outcomes in today’s fantasy sports market. With existing platforms heavily skewed towards experts, Gambit ensures that casual fans have the opportunity to win alongside hardcore players, making the gameplay equally enjoyable and accessible for everyone involved.
To support Gambit in its next phase of growth as it transitions out of its Alpha Launch, the project has received US$1.5 million in pre-seed funding from SuperLayer, a venture studio born out of and made exclusively for web3. Incubated through SuperLayer, Gambit also benefits from unparalleled access to the resources and expertise of the $RLY Network, which supports multiple layer-one protocols including Ethereum and Solana, providing liquidity across tokens.
Mahesh Vellanki, Managing Partner of SuperLayer, said: “Over the past year, NFTs have radically transformed the world of sports — from the gamification of the digital sports collectible market to the rising popularity of NFTs across basketball to Formula 1, it’s clear that franchises, teams, leagues, and fans alike have all come to recognize the value that crypto brings. Gambit is taking this one step further by leveraging fungible athlete tokens in a way that provides a next-gen product experience for players, while simultaneously solving tangible problems faced by traditional fantasy sports operators. We’re thrilled to be supporting Gambit as they demonstrate the true utility that crypto can bring to traditional consumer applications.
Led by a team with a proven track record across the worlds of crypto and venture capital, projects within the SuperLayer ecosystem benefit from access to a best-in-class network of founders and a multi-disciplinary bench of successful backers. These include Andreessen Horowitz managing partner Marc Andreessen, Animoca Brands co-founder Yat Siu, former NFL quarterback Joe Montana, Japanese professional football player Keisuke Honda, early-stage blockchain investor Jehan Chu, and many more. SuperLayer is also a partner of the RLY network, an open, decentralized network, that supports an ecosystem of consumer crypto applications with the goal of bringing the next 100 million users into crypto.
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Adam Fonsica Co‑Founder & COO at Random State
Random State obtains Ontario iGaming licence

Random State (“RS”), the Swedish studio behind next‑generation iLottery and multiplayer bingo content, has been granted a Gaming‑Related Supplier – Manufacturer licence by the Alcohol and Gaming Commission of Ontario (AGCO). The approval, effective 14 May 2025, authorises RS to offer its games and platform services to licensed operators across Ontario.
“Securing the Ontario licence is a milestone our entire team has worked tirelessly toward,” said Adam Fonsica, Co‑Founder & COO at Random State. “Ontario not only validates the quality and integrity of our technology; it provides a launchpad for our broader North‑American expansion. We can’t wait to introduce our eInstant titles and multiplayer bingo hub to Ontario players later this year, together with a soon‑to‑be‑announced operator.”
The licence clears the way for RS to roll out its full product portfolio in Ontario:
Interactive eInstants – instant‑win games that re‑imagine traditional lottery mechanics with modern gameplay and rich visuals.
Multiplayer bingo – a complete suite of 90-, 75-, 80/60/40‑ and 30‑ball variants, featuring progressive jackpots, Pot Booster and real‑time chat hosting.
Turn‑key iGaming platform – advanced Player Account Management (PAM), certified RNG, gamification engine and a WYSIWYG game‑configuration tool that lets operators launch new games in minutes.
Random State expects its first Ontario go‑live in Q3 2025, delivering both eInstants and multiplayer bingo on day one.
The post Random State obtains Ontario iGaming licence appeared first on Gaming and Gambling Industry in the Americas.
BCLC
Surrey Resident Wins Record-Breaking $80-Million Lotto Max Jackpot

Justin Simporios is normally a sound sleeper who “can fall asleep anywhere” – but he had a very sleepless night, after learning he won an $80-million Lotto Max jackpot from the May 9, 2025 draw. This is the largest lottery jackpot ever won in B.C. and is also the largest jackpot ever won by a single individual in Canada.
“It was 10:30 p.m.,” recalled Simporios of the moment he realized he won. “I saw that someone won $80 million in Surrey. I was joking and told my wife ‘we’re millionaires!’ and she told me to stop making that joke. After, I manually checked each number before scanning [using the BCLC Lotto! I cried and shouted, ‘we’re millionaires!’”
The Surrey resident woke up his wife to share the news. “She was in complete disbelief and a bit mad at me because our daughter wasn’t feeling well.” Simporios’ wife luckily agreed this was a good reason to wake her.
While still in disbelief about his win, Simporios is ultimately most excited to share his windfall with his family. “I want to help my family and my wife’s family. I’ll pay off my sister’s medical school debt and help my mom retire early – just giving my family a head start in life.”
Giving back to the community in Surrey and B.C. is also a key priority for Simporios. “I’ve struggled before and needed help. Even if I can give an ounce of happiness, I want to help where we can. This feels like a dream.”
As an avid LA Lakers fan, Simporios mentioned he would like to see LeBron James play before James retires. He also plans to visit his family in the Philippines for a family reunion. “My wife and kid have never visited!”
On how it feels to win a record-breaking jackpot?
“The biggest change will be having more time with my wife and family. We want to live with a purpose – to help the community around us.”
Simporios purchased the winning ticket at the Walmart Supercentre in Central City on King George Boulevard in Surrey.
So far in 2025, B.C. lottery players have redeemed more than $101 million from Lotto Max. Lotto Max is a nationwide lottery game drawn on Tuesdays and Fridays after 7:30 p.m. (PST).
Players can purchase tickets at lottery retailers or at PlayNow.com. Winning numbers and group release forms can be found online at www.bclc.com. Players can check their lottery tickets anytime, anywhere on iOS and Android devices. Learn more about the BCLC Lotto!
BCLC offers socially responsible gambling entertainment while generating income to benefit all British Columbians. Players can visit PlayNow.com to learn how to set time and money limits.
The post Surrey Resident Wins Record-Breaking $80-Million Lotto Max Jackpot appeared first on Gaming and Gambling Industry in the Americas.
AGCO
AGCO calls on media platforms to step up the fight against unregulated online gambling sites

The Alcohol and Gaming Commission of Ontario (AGCO) has contacted more than a dozen traditional and digital media platforms, calling on them to stop promoting unregulated online gambling and sports betting sites like Bodog to Ontario residents.
Operated by Il Nido Inc., Bodog is an offshore operator actively targeting Ontarians by advertising on popular traditional and digital media platforms. Despite blocking players in Quebec and Nova Scotia from accessing their unregulated gambling and sports betting sites, Bodog continues to allow Ontarians to access these sites while advertising heavily on traditional and digital media platforms targeting Ontarians.
Under the Gaming Control Act, 1992, Bodog and other online gambling sites are required to register with the AGCO and sign an operating agreement with iGaming Ontario in order to operate in Ontario. Ontario’s regulated igaming framework requires operators to meet comprehensive requirements related to game integrity, player protection, anti-money laundering and information privacy. Bodog’s efforts to direct Ontarians to unregulated gambling undermine player protection and other safeguards which exist in the regulated market, as well as fair market principles.
By airing ads for Bodog and other unregulated operators, legitimate media platforms are providing a veneer of legitimacy to unregulated and high-risk sites and creating confusion for Ontarians. The AGCO is therefore calling on these platforms to take a stand against the promotion of unregulated online gambling sites and remove the ads. By doing so, broadcasters and digital media companies will help reduce the risks these sites pose to Ontarians and support the long-term sustainability of Ontario’s regulated igaming market – all key objectives of the AGCO.
The AGCO will continue to work with its partners – both in Ontario and internationally – to combat these unregulated sites and protect the public.
“The AGCO is committed to protecting Ontario players and ensuring they have the safest experience by playing on regulated igaming sites. By refusing to carry advertising from unregulated and high-risk operators like Bodog, media organizations can exemplify social responsibility and play an important role in protecting Ontarians and supporting Ontario’s regulated market.” – Dr. Karin Schnarr, Chief Executive Officer and Registrar, AGCO.
The post AGCO calls on media platforms to step up the fight against unregulated online gambling sites appeared first on Gaming and Gambling Industry in the Americas.
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