The American sports betting scene has had a trying time in 2020. The combination of canceled events, lockdown measures and new working conditions have made it very difficult for most modern businesses to continue with their day to day lives. We’re only just getting back to a state of normalcy now.
Thankfully, there have still been some very positive changes that have come about in 2020- with plenty of new sports betting company launches, innovative solutions to gambling issues, and heaps of content for gambling fans to enjoy. One of the biggest stories this year is Simplebet’s launch in America.
In this blog post, we’ll be looking at this story in more depth- examining who Simplebet is, why this story is important and how it could have an impact on the American sports betting scene in 2020 as a whole.
Who Is Simplebet?
To make sure that we’re all on the same page, let’s take a look at who Simplebet actually is. As noted on their website, Simplebet is a B2B software and product development company, aimed at powering the future of fan engagement. The company is based in Manhattan, and they have been gathering a lot of traction lately.
To be more specific, Simplebet offers up a number of great products right now. They have micro-market betting technology on offer, for important sports focuses like MLB games and NFL games. Simplebet’s services are aimed at keeping customers engaged constantly, with fast-paced, fun betting opportunities.
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Why Is Simplebet In The News Right Now?
Simplebet made the news lately due to their decision to launch in the American sports betting scene. They were founded in 2017 originally, as a sports betting startup, and the recent news that their technology was going live drummed up an incredible amount of excitement in the sports betting industry.
Things appear to have already been going well for Simplebet so far with this launch. As reported by Yogonet, the company stirred up an immense $35+ million in investment funds, following their incredible $11 million fundraising effort in March of this year.
The companies and people who have invested in Simplebet so far are some of the biggest names in the game. They include representatives from the MLB and the Division of Gaming Enforcement in New Jersey. Other key company names to be aware of include Yahoo, Starbucks, MGM Studios and AT&T.
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How Could This Development Impact The Industry As A Whole?
This launch could send shockwaves throughout the industry- and it’s already made quite an impact. As many of you reading this will know already, the American sports betting world is fast paced and there’s always a new piece of technology or thought leader to keep up with.
Simplebet’s launch will have competitors scrambling to update and improve their content, and it will have investors lining up to work with them as well. Simplebet has managed to create a new and exciting product, while still appealing to the industry as well.
It’s possible that we’ll see more launches like this as the year comes to a close. The nature of sports betting and mobile gambling is undoubtedly changing, and 2020 has still managed to be incredible despite everything.
Summary
All in all, it’s incredibly exciting to see that Simplebet is launching into the American sports betting scene. This piece of news has got everybody in the industry talking, of course, and we will personally be following this story with intrigue to see what happens to the company next.
The micro market technology in particular looks fascinating, and it will be great to see how the market responds to this in the long term. This is something that is very new for many people in the industry, and it’s sure to change up the American sports betting scene as a whole.
In general, 2020 has been difficult for many companies- but sports betting companies have managed to still put out great content and news stories for their audiences this year. It’s been inspiring to see how innovative this industry is, and it’s sure to be a great finish to the year.
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