SBTech Acquires DraftKings

As one of the US's premier sports betting companies, DraftKings knows all about reducing risk. Their recent merger* with SBTech, a primarily European sports betting technology provider, is a cautious move intended to diversify revenue…

Sports Betting Overview

SMT Sports Betting Purpose: The SMT Sports Betting sector seeks to provide context to the customer's patent publication No. 20180005492 and patent No. 9905082. Scope of Analysis: The sector limits its examination to patents dealing with…

Get Out AHEAD Launches “Hedging Xchange”

In January of 2016, Get Out AHEAD launched their latest platform "Hedging Xchange". Hedging Xchange integrates into a casino's existing infrastructure and allows bettors to sell all or a part of their live bets. By creating a third-party…

DraftKings versus FanDuel

DraftKings and FanDuel, two of the largest players in the fantasy sports world, once had an estimated 90% of the market.  After the Supreme Court case invalidating PASPA, which kept sports betting illegal, these two companies with…

Acquiring Expertise

Scientific Games, a Nevada company, has been in the gambling business for a while but cannot rest on their prior accomplishments.  After the landmark Supreme Court case in early 2018 that invalidated the Professional and Amateur…

CG Technology Expands Into N.J.

In February of 2019, CG Technology announced it was partnering with New Meadowlands Race Track to bring online and mobile sports betting to New Jersey. Parent company, Cantor Fitzgerald, holds the most patents in the sports betting sector,…

Litigation Troll

It wouldn't be America without frivolous lawsuits.  One of the most notorious offenders was Joao Bock Transaction Systems, which waged a ten year long war on the banking community. Defendants had often complained that Joao Bock was a…

Microgaming Software Systems Re-Brands

In June of 2018, Microgaming Software Systems officially changed its name to Apricot Investments. The decision to re-brand was motivated by Apricot Investments desire to "pursu[e] wider interests in the interactive gambling and gaming…

Churchill Downs: Kentucky Derby and more

Churchill Downs, the owner of the world-famous Kentucky Derby, is in one of the best positions to profit from legalized sports betting.  Churchill Downs already has one of the top online-sports wagering websites, TwinSpires, but they…

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