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SharpLink Gaming Reports Full Year 2024 Financial Results

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SharpLink Gaming, Inc., an online performance-based marketing company serving the U.S. sports betting and global iGaming industries, today announced its financial results for the full year ended December 31, 2024.

Financial Highlights

  • Revenues declined 26.1% to $3,662,349 in 2024 from $4,952,725 in 2023.
  • Total operating expenses dropped 45.6% to $5,669,248 for the 12 months ended December 31, 2024 compared to $10,425,865 for the same 12-month period in 2023.
  • Net income rose to $10,099,619, or $2.29 income per share, from a net loss of $14,243,182, or $5.19 loss per share, for the years ended December 31, 2024 and 2023, respectively.
    • Net income from discontinued operations, net of tax, totaled $14,573,262 in 2024, which was up 586.7% from a net loss from discontinued operations, net of tax of $14,243,182 for the prior year.
    • Net loss from continuing operations for the 12 months ended December 31, 2024 totaled $4,473,643, representing a 60.2% decrease when compared to a net loss from continuing operations of $11,248,598 for the 12 months ended December 31, 2023.
  • As of December 31, 2024, cash on hand was $1,436,729, a 42.2% decrease when compared to cash on hand of $2,487,481 as of December 31, 2023. Total stockholders’ equity was $2,082,869 as of December 31, 2024, which compared to a total stockholders’ deficit of $9,399,769 as of December 31, 2023. From May 2024 through to February 6, 2025, the Company raised gross proceeds, in aggregate, of $1,834,925 pursuant to its At-The-Market Offering, offered under its initial and supplemental prospectuses filed with the U.S. Securities and Exchange Commission – of which $896,215 in gross proceeds were raised as of December 31, 2024 and the remaining $938,710 was raised in early 2025.

2024 Operational Highlights

  • On January 18, 2024, SharpLink completed the sale of its Sports Gaming Client Services and SHGN businesses to RSports Interactive, Inc. for $22.5 million in an all-cash transaction.
  • Immediately following the sale, SharpLink used a portion of the proceeds from the sale to retire approximately $19.4 million, in aggregate, in outstanding debt obligations, thereby eliminating all interest-bearing debt on its balance sheet.
  • On February 13, 2024, completed domestication merger with SharpLink Gaming, Ltd., changing from an Israel limited liability company to a Delaware corporation.
  • In February, established new Board of Directors for SharpLink Gaming, Inc. with the appointments of Rob Phythian as Chairman and Leslie Bernhard, Obie McKenzie and Robert Gutkowski as new independent members of the Board.
  • In July, announced that the Board of Directors had initiated a formal review process to evaluate strategic alternatives for the Company, including, but not limited to, a sale, merger, strategic business combination or other transaction, which the Board and management felt offered the best opportunities to operative SharpLink’s affiliate marketing business, drive growth and create and maximize value for the Company’s stockholders.
  • Subsequent to the end of the year, in February 2025, SharpLink announced that the Company acquired a 10% equity stake in U.K.-based Armchair Enterprises Limited (“Armchair”), which owns and operates CryptoCasino.com. The acquisition was made for $500,000 in cash, along with a right of first refusal to acquire a controlling interest in Armchair.

Rob Phythian, Chairman and CEO of SharpLink Gaming, stated, “As I reflect on our financial results for 2024, I am proud of the decisive actions our leadership has taken to streamline and focus SharpLink’s business operations and position our Company for future growth. The successful sale of our fantasy sports and sports game development businesses and the elimination of our debt marked pivotal moments in our journey. Looking ahead, we remain committed to exploring strategic opportunities that will enhance our affiliate marketing business and increase stockholder value. Our recent investment in Armchair Enterprises is a testament to our proactive approach to identifying and capitalizing on emerging trends in the iGaming space.”

“In particular, we see significant potential in blockchain technologies, which are poised to revolutionize the global digital gaming sector. The transparency, security and efficiency offered by blockchain can enhance user experiences and foster trust within the online gaming community. By embracing these advancements, we believe we can unlock new avenues for growth and makes strides forward in positioning SharpLink as a recognized leader in the markets we serve,” concluded Phythian.

The post SharpLink Gaming Reports Full Year 2024 Financial Results appeared first on Gaming and Gambling Industry in the Americas.

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ACR POKER’S NEW ‘SMASH & SPLASH’ DELIVERS BIG SUNDAY VALUE WITH LOW BUY-INS AND HUGE GUARANTEES

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Two can’t-miss multi-table tournaments built for small to mid-stakes players 

ACR Poker is giving players a chance to turn modest buy-ins into massive Sunday scores with the launch of Smash & Splash, starting February 15th.

Every Sunday, Smash & Splash offers small to mid-stakes players the chance to build real momentum weekly with two exciting back-to-back multi-table tournaments. Both events feature affordable buy-ins and huge guarantees, and a flexible schedule that lets players choose to play one event, both, or jump in whenever it suits.

For a buy-in of just $22, players can start their Sunday with Smash, which kicks off at 10:30am ET with a $75,000 guaranteed prize pool, offering the chance to turn a modest buy-in into something much bigger.

Meanwhile, Splash keeps the action rolling later in the day at 12:30pm ET and features a $50,000 guarantee. This $11 buy-in event offers the perfect follow-up for players already in the Sunday rhythm or just getting started, and provides another shot at scoring big without adding pressure to players’ bankrolls.

“Sundays are my favorite day to play. They are all about getting in the flow and enjoying the game, and now they just got a whole lot more exciting,” said ACR Pro Chris Moneymaker. “Smash & Splash gives everyone a shot at landing a big win without breaking their bankroll, all while having fun. With low buy-ins, big guarantees, and a flexible Sunday schedule, there’s never been a better time to get in on the action.”

For players seeking even more Sunday excitement, the $109 buy-in Sunday Moneymaker offers a $300,000 guaranteed prize pool every week. Aspiring high-stakes players can also test their skills in the $2,650 buy-in Mini Phil’s Thrill event, featuring a $200,000 guarantee. Both events offer satellites every Sunday, giving players a chance to secure their spot and join the action for less.

For further details on Smash & Splash, read the ACR Poker blog or visit ACRPoker.eu.

The post ACR POKER’S NEW ‘SMASH & SPLASH’ DELIVERS BIG SUNDAY VALUE WITH LOW BUY-INS AND HUGE GUARANTEES appeared first on Americas iGaming & Sports Betting News.

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CONMEBOL

CONMEBOL and IBIA Empower Referees to Protect Football Integrity

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The South American Football Confederation (CONMEBOL) and the International Betting Integrity Association (IBIA) are reinforcing their partnership this season with an in-person integrity education training program, as part of their shared fight against match-fixing.

As part of this collaboration, more than 100 CONMEBOL referees are participating this month in a dedicated sports betting integrity education program, delivered through the Ethics, Compliance and Integrity Directorate Session. It is providing practical, face-to-face and real-world training on how integrity can be threatened and, crucially, how it can be actively protected – placing referees at the center of football’s frontline response to addressing the risk of sports betting related match-fixing.

Led by Jean-François Reymond, IBIA’s Education Ambassador, the sessions address criminal approaches, the misuse of sensitive information, and the betting regulations officials must understand to safeguard their careers, including the serious consequences of violations. Referees receive concrete tools, clear reporting pathways, and practical insight into how manipulation attempts develop in practice.

As Latin America’s betting market continues to grow, the initiative underscores the importance to strengthen sports integrity and reflects a shared commitment to treating protection of competition as an operational responsibility, built through daily cooperation, not reactive measures. Match-fixing never begins with a headline. It starts quietly, through pressure, familiarity, and silence. Education breaks that cycle early, ensuring those closest to the action are informed, alert, and supported.

Graciela Garay, Director of Ethics, Compliance and Integrity at CONMEBOL, said: “Integrity is not an abstract value, it is a governance priority and a strategic pillar of football development. By placing education at the center of our integrity framework, we are empowering referees with the knowledge, confidence and institutional backing they need to act decisively. This proactive approach strengthens trust, protects our competitions and reinforces CONMEBOL’s long-term commitment to transparency, credibility and fair play across South American football.”

Jean-François Reymond, IBIA Education Ambassador, said: “Referees are not just enforcers of the rules, they are guardians of the competition itself. Education gives them clarity, confidence, and protection. When officials understand how manipulation works and how to respond, the space for match-fixing shrinks dramatically. As the global standard setter for athlete education on betting integrity, we are very excited to be working closely with CONMEBOL and their Ethics, Compliance and Integrity Department because of their commitment to creating a culture of integrity in football.”

The post CONMEBOL and IBIA Empower Referees to Protect Football Integrity appeared first on Americas iGaming & Sports Betting News.

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Brazil

Brazil: Regulation, market dynamics and tax pressure shape a new phase for iGaming

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The past week has clearly highlighted how the Brazilian iGaming and sports betting market is moving into a more structured, institutionalized and, at the same time, more demanding phase.

Decisions by the federal government, official data released by the Ministry of Finance, and private initiatives focused on regulatory intelligence point to an ecosystem that is leaving behind its experimental stage and entering a cycle of regulated consolidation.

More than isolated developments, recent events reveal a shift in posture by both public authorities and market participants.

Brazil is no longer treating the sector merely as a new source of tax revenue, but increasingly as an industry that requires governance, legal predictability, systemic oversight and clearly defined enforcement mechanisms.

This approach repositions the country on the international radar, bringing it closer to more mature jurisdictions and raising the level of responsibility for all stakeholders involved.

At the same time, the rapid expansion in the number of authorized operators, the broadening of the regulatory scope beyond B2C activities, and the advancement of the tax debate are creating a more competitive and selective environment.

Operating in Brazil continues to offer scale and growth potential, but it now requires strategic planning, robust compliance capabilities and continuous monitoring of the political and regulatory landscape.

The themes that defined the week help illustrate how Brazil is laying the foundations for its new phase in iGaming — one in which growth, institutional control, market intelligence and tax pressure move in parallel and begin to define who is truly prepared to remain and compete in the medium and long term.

 Regulation moves beyond operators

One of the most relevant developments of the week was the launch of a public consultation by the Ministry of Finance to discuss regulatory requirements applicable to suppliers within the betting and iGaming sector.

The initiative is being led by the Secretariat of Prizes and Betting (SPA), the body responsible for implementing and supervising the regulated market, currently operating under the Ministry headed by Fernando Haddad.

Until now, Brazil’s regulatory process has been heavily focused on B2C operators.

With the new consultation, the scope expands to encompass the entire value chain that supports the ecosystem, including technology providers, gaming platforms, aggregators, betting systems, payment methods, KYC, AML, anti-fraud and compliance solutions.

In practical terms, the government is signaling its intention to establish minimum operating criteria, technical responsibilities and compliance standards for suppliers as well, reducing grey areas and operational risks.

The proposal

The proposal follows the logic adopted in more mature regulated markets, where oversight is not limited to consumer-facing offerings but extends to the technological and financial infrastructure behind the operation.

For supplier companies, this represents a significant structural shift.

In addition to increasing adaptation and compliance costs, regulation is likely to redefine commercial relationships, requiring closer alignment between licensed operators and their technology partners.

At the same time, it creates a more predictable environment, with clearer rules and lower exposure to regulatory risk in the medium and long term.

The move also reinforces a clear political message: Brazil does not intend to build its regulated market with a purely permissive or revenue-driven approach.

The expansion of the regulatory scope indicates a strategy of systemic control, aimed at sustainability, operational integrity and greater institutional credibility in the eyes of investors and international bodies.

Official operator list confirms accelerated expansion in Brazil

The publication by the Ministry of Finance of an official list of 184 platforms authorized to operate in Brazil’s regulated online betting market confirms the speed at which the sector has expanded since the new legal framework came into force.

The list, released by the Secretariat of Prizes and Betting (SPA), includes operators deemed eligible to operate in the country under the rules established by the federal government.

The figure is striking not only for its size, but for what it represents in terms of competitiveness and market maturity.

In just a few months, Brazil has moved from a largely unregulated landscape to a formally structured ecosystem, with authorization criteria, compliance requirements and centralized supervision.

According to the Ministry of Finance itself, the publication of the list aims to provide market transparency, guide consumers and signal which companies meet the legal requirements to operate while the licensing process is finalized.

It also serves as a tool to organize the sector at a time of transition from an informal market to a fully regulated model.

As the ecosystem becomes increasingly crowded, simply holding a license ceases to be a competitive advantage and becomes a minimum condition for remaining in the market.

Competition is likely to shift toward factors such as operational efficiency, financial robustness, brand positioning, cultural adaptation to the local audience and the ability to operate within a more stringent regulatory environment.

For international operators, the list also serves as a barometer of global appetite for the Brazilian market, now viewed as one of the most promising — and simultaneously most challenging — among newly regulated jurisdictions.

The full list of authorized platforms is available on the official federal government website.

Data and Intelligence take center stage

Oddsgate launches “Brasil On Track”, a strategic platform for Brazil’s regulated iGaming market

Oddsgate has announced the launch of “Brasil On Track”, a strategic platform designed to help operators and ecosystem participants navigate Brazil’s regulated iGaming market.

The initiative was presented on February 5, 2026, at a time when Brazilian regulation marks its first year under Law 14.790/2023, which introduced greater legal clarity, a defined tax structure and compliance requirements for the sector.

Brasil On Track provides real-time monitoring of regulatory milestones, market indicators and operational requirements, connecting legal updates to direct business impact and linking directly to official sources,” Oddsgate stated in its launch announcement.

The platform was designed to transform regulatory complexity and legal obligations into a continuous, accessible intelligence framework.

Its features include:

  • live tracking of regulatory updates and pending legislation; an operational map translating legal changes into practical compliance actions
  • market intelligence on player demographics and key performance indicators
  • visibility into tax structures, licensing stages and market entry requirements; and specific focus areas covering KYC (Know Your Customer), AML (Anti-Money Laundering), self-exclusion tools, consumer protection and responsible gaming.

According to Oddsgate’s Director of Regulatory Affairs, Valter Delfraro Jr., Law 14.790/2023 marked a milestone that “ended years of uncertainty and provided legal security and operational clarity.”

He emphasized that this new phase places Brazil’s gaming sector on equal footing with mature markets, increasing international competitiveness and attracting global investors.

We have transformed regulation into a practical, ongoing guide to operating in Brazil with less risk and greater clarity,” added Wagner Fernandes, Oddsgate’s Chief Marketing Officer, noting that the platform is designed to equip teams entering, expanding or optimizing operations in the country.

The launch of “Brasil On Track” comes amid a rapidly evolving regulatory environment in Brazil, where, according to official data from the Ministry of Finance, the sector generated approximately BRL 36 billion in gross gaming revenue between January and September 2025, with BRL 3.3 billion collected in federal taxes during the same period — highlighting the scale and dynamism of the national market.

The arrival of this tool reflects a growing demand for structured market intelligence, indicating that operators and suppliers are seeking not only news and updates.

But solutions capable of integrating regulatory data with real-time operational and strategic insights.

Taxation moves to the center of the debate

While regulation advances and the market becomes more organized, the tax debate has emerged as one of the most sensitive issues of the moment, both for the government and for industry participants.

The possibility of a total tax burden of up to 42% on iGaming and sports betting is no longer merely theoretical; it is being actively discussed with direct political and economic implications — including in exchanges between Finance Minister Fernando Haddad and industry representatives.

Commenting on proposals to increase taxation, Pietro Cardia, legal director of the National Association of Games and Lotteries (ANJL), warned that tax hikes above international standards could undermine the economic performance of companies operating legally and compliantly in Brazil.

João Fraga, CEO of payment solutions provider Paag, highlighted that tax changes in such a young market could directly impact business strategies, particularly less than a year after operations began under the new regulatory framework.

Organized industry groups have also publicly reinforced the need to balance tax collection with the sector’s ability to compete in a market where illegal operators remain strong.

Organizations such as the Brazilian Institute for Responsible Gaming (IBJR) stress that if tax policy focuses solely on revenue generation without a parallel strengthening of enforcement against unlicensed operators, regulated players may lose ground to the informal market, increasing risk and eroding fiscal revenues.

This discussion returns to the center of the agenda at a time when the Ministry of Finance and the National Congress are debating broader fiscal adjustments in the country — debates in which betting taxation has been explicitly mentioned as part of wider revenue-raising proposals.

The weight of this tax burden is being assessed not only in numerical terms, but also in terms of its impact on investment in product development, technology, compliance and consumer protection, placing operators and suppliers in a dilemma that goes beyond a simple cost calculation.

 A larger, clearer — and more demanding market

The week’s developments point to a common denominator: Brazil is rapidly moving toward a more structured, but also more rigorous, regulated market. There is greater legal clarity, stronger institutional control and increased competition, but also higher costs and far less room for improvisation.

For those monitoring Brazil as part of an international strategy, the moment calls for careful analysis. The country continues to offer scale and potential, but now demands regulatory maturity, fiscal planning and a long-term perspective.

The consolidation of iGaming in Brazil is entering a decisive phase.

The combination of broader regulation, growth in the number of operators, professionalization of market intelligence and rising tax pressure is shaping a more predictable — and at the same time more selective — environment.

Brazil is definitively leaving behind the status of a disorganized emerging market and operating under clearer rules and constant oversight.

For companies viewing Brazil as part of a global strategy, this is a moment that requires measured reading and well-calibrated decisions.

Scale potential remains high, but so do entry and operating costs, along with the need for compliance, efficiency and differentiation.

The market is likely to continue growing, but in a more rational manner, favoring players prepared to operate in a regulated, competitive and increasingly tax-intensive environment.

The post Brazil: Regulation, market dynamics and tax pressure shape a new phase for iGaming appeared first on Americas iGaming & Sports Betting News.

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