15 stories by David Bartram
ProphetX Targets B2B Prediction Market Push Following $35M Funding Round
ProphetX plans to leverage a new $35 million capital injection to expand into B2B prediction markets, providing the compliant infrastructure for brands to launch their own federally regulated event contracts. ProphetX has completed a $35...
UK Prize Draw Operators Warned VAT Impact ‘No Longer Theoretical’
A leading UK B2B prize draw platform is warning operators that profit margins are under severe threat as tax authorities pursue both past and future VAT receipts. Prize draws are under greater scrutiny from HRMC...
High-margin World Cup Helps Power Kambi to Q2 Growth
Sports betting provider Kambi Group lauded high World Cup margins as it reported a strong second quarter, with CEO Werner Becher declaring the company had “turned a corner and returned to growth.” Kambi achieved an...
Bragg Gaming Finalizes Drayton Acquisition to Drive US Expansion
Bragg Gaming Group has completed its $9 million acquisition of Drayton International; a move aimed at bolstering its US footprint alongside a series of board-level changes. Bragg Gaming Group was initially formed in 2018 following...
Tabcorp Fined AU$2.7M by ACMA Over Telemarketing and Spam Breaches
Australian gambling giant Tabcorp has paid an AU$2.7 million (US$1.9 million) fine after the Australian Communications and Media Authority (ACMA) uncovered a series of spam and telemarketing breaches by the operator. The ACMA investigation uncovered...