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US Sports Betting Platform Agreement
Sportech, the international betting technology business, today announces that the Group has signed a commercial sports betting agreement (the 'Agreement') with Sportradar AG ('Sportradar'), a global leader in the provision of data and digital content to the betting industry, enabling the Group to offer a fixed odds sports betting book in the emerging US sports betting marketplace.
Under the terms of the Agreement, Sportech will be able to offer Sportradar's trading and risk management services, as well as its comprehensive range of tools and services in the anticipated roll-out of legal sports betting in the US.
This new Agreement, which follows the US Supreme Court's recent decision to allow US states to adopt legislation to permit and regulate sports betting, will allow Sportech to offer Sportradar's proven sports betting related product portfolio to the Group's network of over 90 licensed operator business clients and other eligible operators in states where sports betting activity is legislated. This includes pre-match and in-play betting services, content, trading tools, and risk management services. Sportech will also deploy Sportradar's turnkey sports betting platform across its retail business in Connecticut when legislation permits.