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- Racing and Sports (RTH) signs a two-year contract with Picklebet to provide its risk-managed trading service and customer-facing content
- The trading service will be delivered in conjunction with partner Racebook HQ, which recently signed a memorandum of understanding with RTH to provide trading expertise
- Racing and Sports says today’s “significant” contract marks its entry into the risk-managed trading space for wagering operations
- RTH’s services will complement Picklebet’s existing esports and sports products offering
- Racing and Sports ends the day 2.8 per cent in the green to close at 55 cents
Racing and Sports (RTH) has signed a two-year contract with Picklebet to provide its risk-managed trading service and customer-facing content.
The risk-managed trading service will be delivered in conjunction with Racing and Sports partner Racebook HQ, which recently signed a memorandum of understanding with RTH to provide trading expertise.
Racing and Sports said today’s “significant” contract marked its entry into the risk-managed trading space for wagering operations
Additionally, it will provide a different option to new and existing wagering operators who are looking for a turnkey solution to their risk management.
“We are delighted to have signed this contract with Picklebet, which is an exciting and innovative business putting its own spin on the Australian wagering market,” Racing and Sports CEO Stephen Crispe said.
Founded in 2020, Picklebet is an esports and sports betting company that aims to reimagine betting and entertainment.
It currently serves the Australian market and is in the process of finalising licensing for Ontario, Canada.
“We selected Racing and Sports, as they’re a global leader and innovator in both racing data and wagering technologies,” Picklebet CEO Nicholas Heaney commented.
“They are strongly positioned to allow us to deliver simplified and innovative Racing products, that complement our existing esports and sports offering, to serve the younger demographic.”
Racing and Sports ended the day 2.8 per cent in the green to close at 55 cents.
