Sports betting is by far the most popular type of mobile gambling among others, especially with the availability of live action. It has also been made possible by the development of tech-driven payment methods. Given the aforementioned, a number of tech firms have materialized, and both emerging and seasoned entrepreneurs have funded in them to help them expand and succeed in the marketplace.
Start – ups and market prospects have been made possible by recent US legislation that permits individual states to authorize sports betting.
While some states have only legalized small amounts of wagering through brick-and-mortar sportsbooks or mobile apps, several jurisdictions already have federally regulated sports betting approved, such as Michigan where online gambling is permitted.
VC-backed Companies in the United States
Here is the list of US VC-backing businesses:
With features like “always on” in-play trading and the flexibility to enter and exit bets at any time, Sporttrade offers a market where bets can be placed on sporting events. Participants can trade sporting events similarly to how they trade stocks.
With the help of Lucra Sports, users will be able to legally wager with their colleagues in 37 states in a secure setting without the usage of conventional sportsbooks. Gamers can engage in skill-based competitions via the company’s app and stake any amount while competing against other players.
Consumers can access sports wagering, esports, payment options, and NFT solutions through the ZenSports mobile gaming app. Customers can choose to play against the house or make their own trades with their own risks and conditions in a peer-to-peer setting using the sports betting platform.