Betr
Hall of Fame Resort & Entertainment Company Secures Approval for Sports Betting Licenses
Hall of Fame Resort & Entertainment Company, the only resort, entertainment and media company centered around the power of professional football, announced that it has taken the next step toward live sports betting by securing conditional approval from the state for mobile and retail sports books.
The Ohio Casino Control Commission provided the required authorization for HOFV to gain licensing for a physical sports operation – called a sportsbook – as well as an online betting platform, under Ohio’s sports betting law HB29. Sports betting will become legal in Ohio on New Year’s Day, 2023, when anyone in the state that is of legal betting age will be able to place wagers.
“The legalization of sports betting in Ohio, opens up a breadth of opportunity across our company’s three business verticals and for our fans,” said Michael Crawford, HOFV president and chief executive officer. “We will have the only physical sports book in Stark County and the first dedicated sports microbetting platform via the Betr mobile app, bringing fans and guests a multitude of different and new ways to experience sports entertainment.”
HOFV previously announced 10-year partnerships with Rush Street Interactive, Inc. (“RSI”) (NYSE: RSI) as its official retail sports-betting partner and Betr, founded by sports betting veteran Joey Levy and media mogul Jake Paul, as its official mobile sports-betting partner.
The HOFV/RSI retail sportsbook will be named “BetRivers Sportsbook” and will be located at the Hall of Fame Village’s Fan Engagement Zone, a sports and entertainment-themed promenade. The Fan Engagement Zone will offer rooftop views of Tom Benson Hall of Fame Stadium and will be an active hub for guests to go before, during and after events to have fun, dine, and socialize. BetRivers will provide fans a new and enhanced way to interact with their favorite sports, all conveniently from the HOFV campus in Canton, Ohio.
The HOFV/Betr mobile sportsbook will help further enhance the fan experience by offering consumers a seamless way to place their bets online throughout Ohio. The Betr app, already ranked in the top 10 Top Free Apps in the sports category in the Apple App Store for iPhone, takes sports prop betting to a whole new level by introducing microbetting, which will enable consumers to bet on nearly every moment of every live sporting event – from pitches and at-bats, plays and drives, shots and possessions – all done simply and instantly from the palm of their hand. Consumers can download the Betr app today to try the free-to-play version, make practice bets, and Ohioans can get ready for sports betting in the Buckeye state in 2023.
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Acquisitions/Merger
Betr Acquires NFA-Registered Broker Ascent Capital Management to Accelerate Launch of Prediction Markets
Betr, the company behind the world’s first real money gaming super app, announced it has acquired Ascent Capital Management Inc., securing National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) registration to advance the launch of prediction markets within the Betr super app.
Through the acquisition, Betr becomes a CFTC-registered introducing broker, representing a major milestone in the company’s continued expansion into regulated prediction markets. The transaction allows Betr to accelerate the company’s plans to launch prediction markets powered by Polymarket directly within the Betr super app.
Beginning later this year, Betr plans to make event contracts across sports, politics, culture, and more available to its over one million nationwide paying users through the same seamless experience as Picks, Sportsbook, Casino, and Arcade, all integrated within one wallet and one app.
“Prediction markets represent one of the most exciting evolutions in interactive entertainment and financial technology. Since starting Betr, we have built our business entirely around serving the modern sports fan at scale. This acquisition is another step toward our vision of creating the first true nationwide real-money gaming app. By securing IB registration through the acquisition of an established broker, we can now focus entirely on launching a seamless, compliant prediction markets experience powered by Polymarket. Our users will soon be able to engage with Picks, Sportsbook, Casino, Arcade, and Predictions all within a single integrated ecosystem,” said Joey Levy, Founder and CEO of Betr.
Ascent Capital Management Inc. has been registered as an introducing broker since 2011 and brings established compliance infrastructure that will support Betr’s expansion into the rapidly growing prediction markets category while maintaining strong standards around regulatory compliance and user protection.
The post Betr Acquires NFA-Registered Broker Ascent Capital Management to Accelerate Launch of Prediction Markets appeared first on Americas iGaming & Sports Betting News.
Betr
Betr and Polymarket Announce Multi-year Partnership
Betr, the company behind the world’s first real money gaming super app, and Polymarket, the world’s largest prediction market, announced a multi-year partnership to bring prediction markets to Betr users nationwide. Beginning in 2026, Betr will launch prediction markets powered by Polymarket directly within the Betr super app, making events contracts across sports, politics, culture, and more available to one million paying users.
“Since starting Betr, we have built our business entirely around serving the modern sports fan at scale. Launching Predictions is an important step toward our vision of creating the first true nationwide real-money gaming and financial super app, integrating a category projected to reach $1 trillion in annual volume into the same seamless experience as Picks, Sportsbook, Casino, and Arcade. There is no better partner than Polymarket to power this expansion, given their category leadership and deep connectivity across the sports ecosystem,” said Joey Levy, Founder and CEO of Betr.
“Prediction markets are becoming a foundational tool for understanding the future, and scale is what brings them into the mainstream. Betr has built one of the most engaged sports audiences in the country, and their ability to engage millions of users makes them the ideal partner to bring prediction markets to a massive new audience. This partnership allows us to scale our infrastructure and continue bringing the power of prediction markets into the daily experience of sports fans across the country,” said Shayne Coplan, Founder and CEO of Polymarket.
Betr already operates Betr Picks, Betr Social Sportsbook, Betr Social Casino, and Betr Arcade in the majority of the country, and holds gaming licenses nationwide and has been publicly commended by the regulatory community for being a leader in responsible gaming. Betr’s prediction markets product will be available within the same single app experience as the company’s other products.
The post Betr and Polymarket Announce Multi-year Partnership appeared first on Americas iGaming & Sports Betting News.
2025 NFL season
Betr Kicks Off NFL Season with Revamped Betr Picks, Industry-highest 10,000x Payouts, Free $10 Play, and the Launch of Betr Arcade
Betr, a leading gaming and media business, announced a major revamp of its daily fantasy sports pick ’em product, Betr Picks, along with the official launch of Betr Arcade, just in time for the 2025 NFL season. Betr Picks is currently live in 33 U.S. states plus Washington, D.C., reaching approximately two-thirds of the U.S. population, while Arcade has initially launched in 29 states, giving millions of users access to real-money peer-to-peer skill games.
Betr Picks’ overhaul introduces a new, simplified and modern user interface, expanded sports offerings including WNBA and top global soccer leagues, significantly more projections across both new and existing sports, and its industry-first 10,000X payout multiplier. In addition, the innovative “Mystery Multiplier” feature now allows two-pick lineups, which typically return 3X, to return payouts to users of up to 1000X.
To celebrate the launch, all new users will receive $10 to play for free, no deposit required, during the first two weeks of the NFL season. Additionally, new users will also be eligible for a 50% deposit match up to $200, and all existing users will receive a deposit match for each of the first two weeks of NFL season. With over $250 million already won on Betr, these updates are designed to bring an elevated experience to both new and existing users.
The debut of Betr Arcade marks the company’s entry into the casual peer-to-peer skill gaming space, featuring four initial games: 21, Fruit Match, Crossout 21, and 5 Across with more games rolling out in the coming weeks. Games start at just $1.25 and allow players to practice before entering real-money contests against others. The launch was highlighted by co-founder Jake Paul playing one of the games, 21, in a promotional video shared on social media.
“The Betr app has never been as strong as it is today. Betr Picks is now a top tier daily fantasy sports pick ’em product despite launching just less than two years ago, and we now have Betr Arcade live in 29 states, giving our customers a new skill gaming experience. We now have two nationwide gaming products live in our single Betr app available to users in a single wallet. The innovation won’t stop here – we will be releasing additional new products over the coming months – in addition to releasing several more games within Betr Arcade and further improvements to Betr Picks. The Betr team continues to prove that it ships product with a greater level of velocity than any other company in the industry. Most importantly I am excited for the hundreds of thousands of sports fans and gamers who have already won $250M on Betr to experience an early version of this new first-of-its-kind gaming super app,” said Joey Levy, Founder and CEO of Betr.
The post Betr Kicks Off NFL Season with Revamped Betr Picks, Industry-highest 10,000x Payouts, Free $10 Play, and the Launch of Betr Arcade appeared first on Gaming and Gambling Industry in the Americas.
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