Canada
WagerWire Raises $3 Million for Sports Betting Marketplace, Round led by Co-Owner of Miami Marlins & Leeds United FC
WagerWire, an innovative marketplace where bettors can buy and sell previously placed sports bets, announced the close of its $3 million seed funding round. Sports bettors will be able to profit off real-time line movements and momentum swings by buying and selling bets on WagerWire’s marketplace or within their partner sportsbook apps. The round was led by Roger Ehrenberg, co-owner of the Miami Marlins and Leeds United FC, as a part of his venture funds, IA Sports Ventures and Eberg Capital. Cardinal Sports Capital is a key investor through their newly formed accelerator program with HPL Digital Sport.
“Now your bet no longer has to win to make you money,” said WagerWire CEO Zach Doctor. “People want more control over their betting journey, and the WagerWire marketplace gives them the ability to flip bets like they would a stock on Robinhood, or a pair of Jordans on StockX.” Doctor continued, “we’re thrilled to have such a prolific syndicate in our corner as we bring this product to the masses.”
WagerWire’s solution powers bet trading in partner sportsbook apps, as well as on “the wire,” their aggregated marketplace of sports bettors. The platform seamlessly tracks bets in real-time and allows bettors to jump in-and-out of futures all season, cash in on parlays before they bust, and trade game lines up to the buzzer.
“As sportsbooks search for cost effective acquisition and retention strategies, WagerWire is a new solution to create a more engaging and social experience for bettors,” said Roger Ehrenberg. “The WagerWire team has a clear vision about how to harness core economic principles in order to create a flywheel effect that drives value for both bettors and sportsbooks.”
Among those who joined this round of financing include SimpleBet founder Joey Levy’s 305 Ventures, Full Moon Sports Solutions, Sports Meta, former NJ DGE Deputy Director George Rover, law firm Cooley LLP, and early investors in Palantir, Canva, and Tesla.
The Company has entered into strategic partnerships with premier data analytics providers and has several marquee sportsbook partnerships that will be announced soon.
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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.
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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