Tag: Sports Betting

International sports betting brand VBET, which is part of Vivaro Limited and has licences to operate in Great Britain, Malta, France and Sweden, with applications pending in a number of other jurisdictions, has joined the International Betting Integrity Association (IBIA). Founded in 2003, the brand has since expanded from its initial retail business into online gambling and currently has sponsorship deals with AS Monaco and Portsmouth football clubs.

The VBET brand will now feed into IBIA’s global betting integrity monitoring and alert platform. The operator joins many of the leading regulated sports betting operators in the world, with the association’s members accounting for over $137bn (€115bn) in global betting turnover per annum and nearly 50% of all regulated commercial operator online betting activity.

Tigran Harutyunyan, Head of Trading and Sports Unit at VBET said: “We are delighted to be joining the membership of the International Betting Integrity Association and we look forward to our mutual collaboration. We offer markets on over 120 sports globally, so helping to maintain the integrity of the sporting events we offer to our customers is vital. The IBIA’s global reputation for dealing with sport integrity issues is unparalleled and this partnership underlines our commitment to providing our customers with the fairest offering possible.”

The International Betting Integrity Association is the leading global voice on integrity for the licensed betting industry. It is run by operators for operators, protecting its members from corruption through collective action. Its monitoring and alert platform is a highly effective anti-corruption tool that detects and reports suspicious activity on its members’ betting markets. The association has longstanding information sharing partnerships with leading sports and gambling regulators to utilise its data and prosecute corruption. It represents the sector at high-level policy discussion forums such as the IOC, UN, Council of Europe and European Commission.

The SOFTSWISS Sportsbook takes another step to gamify sports betting by launching a new bonus type – Lootbox. The feature aims to broaden the player experience and allow bettors to win extra bonuses within the sports betting process.

Sportsbook by SOFTSWISS has become the first sports betting solution to add the popular engagement tool. The Lootbox bonus feature allows players to get a certain amount of bonus points while making bets. Once they have enough points to activate the bonus, players get a chance to choose one of the loot boxes that appears on the screen and win up to three free bets. Each free bet will be equal to the player’s average wager. 

Like other bonus types in the SOFTSWISS Sportsbook, the Lootbox feature offers the operator very flexible and convenient settings. The client can launch and manage the bonus as well as optimise it for different player categories.

“When developing new bonuses, we always pay attention to market trends and the needs of the players and operators. Gamification is what the market demands right now and it’s one of the key goals for Sportsbook. The Lootbox bonus is a great addition to the features we have already added to our solution. Moreover, it’s a new bonus type for the betting market, so it’s a double pleasure to offer exclusive tools for our partners and players!” commented Alexandr Kamenetskyi, Product Owner at SOFTSWISS Sportsbook.

The Lootbox bonus is not the only new feature by Sportsbook that hopes to excite players in the near future. Soon, SOFTSWISS is going to present another exclusive bonus type for sports betting solutions, namely, Hunting Tournaments. 

About SOFTSWISS 

SOFTSWISS is a widely-acclaimed iGaming expert supplying certified software solutions for managing gambling operations. The company has an international team, which counts 1000+ employees and has an official presence in Malta, Belarus, Poland and Georgia. SOFTSWISS holds a number of gaming licences, providing one-stop-shop iGaming solutions. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, the Affilka affiliate platform, Sportsbook Platform and the Jackpot Aggregator. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

Leading iGaming operator ComeOn Group announced the start of a long-term membership with the International Betting Integrity Association (IBIA) with all of the company’s betting brands feeding into the IBIA monitoring and alert platform. Joining IBIA was a natural step as ComeOn is committed to continuously delivering a product experience that allows players to use their platform free from betting-related corruption.

ComeOn joins many of the leading regulated sports betting operators in the world in becoming part of IBIA, with the association’s members accounting for over $137bn (€115bn) of global betting turnover per annum and nearly 50% of all regulated commercial operator online betting activity.

IBIA is committed to reporting suspicious betting identified on its members’ markets to both sport governing bodies and regulators. The membership brings a very sophisticated monitoring and reporting layer to further protect ComeOn’s player base collecting valuable information and bring knowledge around specific behaviours within sports betting. ComeOn Group, as a responsible operator, will continue to enhance their betting products for a safe and protected player experience for their customers.

Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about joining forces with IBIA. This will enable us to keep protecting our customers and provide a safe and enjoyable player experience, which is of highest priority. IBIA is the most prestigious integrity body globally so it is a badge of honour for us to be joining them.”

Khalid Ali, Chief Executive Officer of IBIA said: “The addition of ComeOn to IBIA’s ranks is another important step for the association as it seeks to expand its global membership of responsible and reputable sports betting operators. IBIA is the only international integrity body run for operators by operators. As a not-for-profit body we are not bound by commercial pressures and can therefore focus on being leaders on betting integrity through the work we undertake for our members and the stakeholders we work with.”  

Sportradar, the leading global sports technology company creating immersive experiences for sports fans and bettors, today announced the acquisition of Vaix Limited, a pioneer in developing Artificial Intelligence (AI) solutions specifically designed for the iGaming industry. Vaix’s innovative AI technology allows betting and gaming operators to gain a personalized view of their customers, which enables them to provide a more targeted, player-friendly experience. For example, betting and gaming operators can offer users the best possible bet without searching and give them the right offer based on players’ future value and churn probability. The acquisition does not have a material impact on the Company’s annual outlook for 2022, provided on March 30, 2022.

For over two years, Sportradar has partnered with Vaix and incorporated its technology into its Managed Trading Services (MTS) offering. Sportradar’s MTS solution is a sophisticated trading, risk, live odds and liability management offering that helps betting operators boost margins and profits, while increasing efficiency and managing risk. The MTS solution is also increasingly important in the U.S. market, which is growing rapidly post legalization in 2018, as U.S. operators compete for customers. Vaix’s advanced AI learning capabilities will provide betting operators already engaged with Sportradar’s platform the opportunity to gain access to more personalized insights and suggestions relating to user preferences.

Founded in 2016 by John O’Malia and Andreas Hartmann, Vaix has fed over 60 billion transactions into its AI (60 million per day) to offer a personalized experience to more than 50 million users for tier 1, 2 and 3 operators and platforms on all continents. Winner of several awards and recognized as one of the best service providers in the online gaming industry, Vaix most recently received the 2021 Data and AI Partner Award at the EGR B2B Awards.

Paolo Personeni, Managing Director of Managed Betting Services at Sportradar said: “VAIX products with their Artificial Intelligence and algorithms are now being natively integrated as part of the Sportradar Sportsbook platform, enhancing our data analytics, promotions system and player personalization. All Managed Betting Services customers will enjoy a faster and simplified integration. The acquisition of Vaix is the culmination of a very important and productive partnership we have had with the company over two years.”

Andreas Hartmann, Co-founder and CEO at Vaix, said: “Fully joining forces with Sportradar is recognition of the power of Vaix’s technology, and a dream come true for our vision to bring AI to the entire iGaming industry. Vaix’s capabilities can provide all of Sportradar’s operators with the power to truly personalize their Offering, Marketing and CRM, as they seek to attract and engage players.”

Terms of the acquisition are not disclosed.

Delasport, in collaboration with top operators 18bet and CasinoWinBig, is happy to announce the debut of their new Ifbet function. Ifbet is a novel and creative feature that allows bettors to link several single bets with a single wager, thereby automating up to seven consecutive bets. The new feature adds to the betting experience by allowing players to cascade several bets with a single wager in a quick and automatic manner.

By introducing this new option to their customers, 18bet and CasinoWinBig will be able to provide a fresh and engaging method to bet, as well as setting themselves apart from the competition.

Ifbet allows bettors to make numerous selections of single bets for any single initial wager. If their initial pick loses, they lose the stake, and the rest of the underlying Ifbets are cancelled – but if it wins, the system will automatically place the following bet, using the original stake or, if chosen, with a multiply option that stacks the gains on.

Oren Shwartz, CEO of Delasport, elaborates: “Ifbet is yet another feature that we can add to our betting experience offering to enrich customer experiences. Ifbet is a great choice for players that like betting accumulators like a combo (parlay), but with a lower risk for a lower payout. With Ifbet, 18bet and CasinoWinBig players will be able to have a new and fun way to bet in a very simple and intuitive way”

Alex Schneider, VP Sportsbook and ESport, also comments:  “Ifbet is still a rare feature on the market, especially when it comes to multiply functionality, therefore we’re delighted to be one of the first to provide it to our worldwide player base.”

Steven Andrews, Head of Sport at SportEmpire, also adds: “Our collaboration with Delasport’s continues to provide outstanding outcomes. With the addition of the new Ifbet function, punters who want to get the most out of their betting experience will have even more options. Thank you to the Delasport team for recognizing the necessity to provide new betting options in the industry.”