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Daily Fantasy Sports

ZenSports Launches Daily Fantasy Sports Contests

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New Daily Fantasy Sports contests will be available in 41 states within the United States, and also internationally.

 ZenSports has been 100% focused on being a mobile peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world without the need for a centralized bookmaker. Now the company is adding Daily Fantasy Sports Contests (DFS) to its suite of product solutions.

ZenSports’ peer-to-peer sports betting marketplace is currently only available outside the United States. However, its new Daily Fantasy Sports Contests product will be available in 41 states throughout the United States. Daily Fantasy Sports has a carve-out exemption at the federal level from the Unlawful Internet Gambling Enforcement Act, and ZenSports will offer its new DFS product in states that have either legalized DFS contests or not explicitly made it illegal.

International residents will also have access to the DFS product. The peer-to-peer sports betting product will continue to be excluded from U.S. residents. ZenSports uses multiple geo-restricting technologies to ensure that only international residents get access to the P2P sports betting features, and that only residents in the aforementioned 41 states have access to its DFS contest features.

According to ZenSports Co-Founder & CEO, Mark Thomas, “When building our new DFS features, we took great pains to ensure that the user experience and design within our app weren’t compromised for international customers that have access to both products. While at the same time, using the technologies available to us to ensure that only international residents get access to our P2P sports betting features, and only U.S. residents in the 41 states get access to the DFS features. We feel good that we’ve balanced both very well.”

ZenSports differentiates itself from other DFS platforms in 2 ways: through the use of its SPORTS utility token for betting/rewards, and its simple fee structure.

SPORTS utility token

The biggest differentiator between ZenSports and other DFS products is that ZenSports has created its own cryptocurrency utility token that is turning out to be one of the first best use cases for cryptocurrencies. Since ZenSports first launched its SPORTS utility token back in July 2019, 100% of all peer-to-peer sports bets have been made through the app using its SPORTS token.

“We expect the use of our SPORTS token to also be at or near 100% for Daily Fantasy Sports contests as well,” says Thomas. “The ease of use, savings, cash-back, bonuses, and other loyalty/rewards benefits that our SPORTS token offers is unparalleled compared to any other product. Plus, our token is portable and can be sent into and out of ZenSports with ease. No other product offers all of these benefits in a payment mechanism and loyalty/rewards program.”

Simple, Rewarding Fee Structure

ZenSports keeps its fee structure simple and low-cost so that customers can always understand what they’re paying and never pay too much. Makers that create DFS contests using Bitcoin or U.S. Dollars will only pay 2% to enter their own contests, and other Takers will only pay 4% to enter such contests. Makers that create DFS contests using SPORTS tokens pay 0% to enter their own contests, and other Takers will only pay 2% to enter such contests using SPORTS tokens.

Other DFS companies and products charge fees on upwards of 15%, which significantly reduces customers’ winnings in those other platforms.

ZenSports is available for download in both the App Store and Play Store, and is headquartered in San Francisco, CA.

 

SOURCE: ZenSports

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Daily Fantasy Sports

PrizePicks Extends Partnership as Official Daily Fantasy Sports Partner of the Atlanta Braves

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PrizePicks, the largest daily fantasy sports operator in North America, announced that the company has reunited with the Atlanta Braves as the club’s Official Daily Fantasy Sports Partner for the 2024 season. The partnership extends a longstanding relationship that dates back to 2020, with the two Atlanta-based companies continuing to work together on unique opportunities for their dedicated fans.

“We are thrilled to continue our ever-growing relationship with the Atlanta Braves. As a homegrown company born in Atlanta, it is a priority for us at PrizePicks to engage with local fans by continuing to bring amazing experiences to Braves Country,” Adam Wexler, CEO and Co-founder of PrizePicks, said.

PrizePicks will receive out-field LED signage as well as prominent signage throughout Truist Park. The company will also gain access to VIP experiences throughout the baseball season, including a “Pick of the Game” that will be featured on the Braves Radio Network pregame radio show for all 162 regular season games.

“PrizePicks has been a valued partner for years. They are the leader in their industry and a prominent local Atlanta business, and we are happy to extend our relationship with them for the 2024 season,” said Jim Allen, Atlanta Braves Senior Vice President of Corporate and Premium Partnerships.

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Daily Fantasy Sports

PrizePicks Announces Plans for New, Expanded Headquarters in Atlanta

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PrizePicks, the largest daily fantasy sports operator in North America, announced plans for its new 33,000 square foot Atlanta Headquarters, which will be located in the Star Metals Building in Midtown Atlanta. The company plans to grow its workforce by 1000 new jobs over the next seven years, the economic impact of which will be $25M to the state of Georgia.

“Atlanta has always been our home, where we are redefining mobile sports entertainment. This move to Star Metals will help us create more world-class, high-skilled and high-wage jobs in our great city while we deepen our connections across the community,” Adam Wexler, Co-founder and CEO of PrizePicks, said.

Star Metals is a pioneering mixed-use district in Atlanta’s thriving West Midtown neighborhood. This new development raises style and luxury to new heights along the Howell Mill Road corridor. Inspired by the history of West Midtown and its cultural resurgence, Star Metals is playing a key role in forging the future of an ever-evolving Atlanta.

“Georgia continues to be a driver of tech growth and innovation, attracting innovative companies with its unique mix of talent and infrastructure. Today’s announcement is a reminder of our strength in both welcoming new projects as well as creating an atmosphere where existing businesses can expand and thrive. I look forward to seeing the impact of these thousand jobs on the Atlanta community,” said Governor Brian Kemp.

“Congratulations to Adam Wexler and the team at PrizePicks for choosing Atlanta to expand their headquarters. Metro Atlanta has all the ingredients to help PrizePicks thrive, including diverse tech talent graduating from our leading colleges and universities, global connectivity through our airport, a large and engaged business community and a desirable quality of life,” said Katie Kirkpatrick, president and CEO of the Metro Atlanta Chamber.

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Canada

Canadian Gaming Summit: Providing the Framework for Sports Betting Success

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As sports betting professionals seek to strengthen their connection with Canadian bettors, the Canadian Gaming Summit will provide the optimal framework for stakeholders to harness brand loyalty, innovate their offerings and strike lucrative partnerships, all aimed at solidifying their presence in the region.

The Sports Betting track is scheduled to take place on the first core day of the summit, Wednesday, June 19, at the Metro Toronto Convention Center. Catering to 3,000 industry stakeholders, discussions will encompass fostering mutually beneficial relationships with sports leagues, strategies to emulate the success of Canadian lotteries, analyzing the profiles of Canadian sports viewers and exploring the future of eSports and daily fantasy sports (DFS).

Opening the track is the panel entitled The Winning Ticket: How Sports Betting Can Emulate Lottery’s Appeal. It will explore the strategies sports betting operators can adopt to rival the popularity of traditional Canadian lotteries. Industry experts will examine whether sports betting operators are taking the right approach to emulate the success, brand loyalty and integrity of lotteries and whether a rise in the popularity of sports betting will affect provincial lottery models.

The session entitled It’s All In The Game: Innovations In Live Betting will shed light on how live, in-gaming betting is leading the way for innovation within sports betting. Industry luminaries will discuss the importance of crafting real experiences for bettors, analyze the profiles of potential bettors and explore strategies to fully integrate sports streaming content with sportsbooks.

The Game Changers: Collaborative Synergy With Sports Leagues panel will explore the power of sports league partnerships and how they are redefining the Canadian sports betting landscape. Expert panelists will delve into the intricacies of such partnerships and discuss how successful partnerships can be leveraged to enhance brand visibility, fan engagement and market presence. The panel will also examine successful case studies, partnership models and ideal strategies for achieving mutually beneficial partnerships.

Expert speakers set to appear across the track will include Conor Murray (VP Marketing, FanDuel), Nic Sulsky (CCO, Pointsbet), Owen Welsh (VP Gaming, Sports Betting and Innovation, CFL), Martin Lycka (SVP American Regulatory Affairs and Responsible Gambling, Entain), Britt Doll (Global Marketing Director, Rivalry), Tomer Imber (Senior Director of Sales, Optimove), Iain Montgomery (founder, Now or Never Ventures), Michael Sandalis (founder, Wait What), Peter Czegledy (Partner, Aird & Bellis), Anthony Gaud (founder, Gaud Hammer Gaming Group), Sean Simpson (Senior VP, IPSOS), Paul Burns (President, CGA), Scott Morasch (Senior VP, IPSOS), Sebastian Jedrzejewski (Director Regulatory Affairs, US Integrity), Greg Bloom (CEO, BYB Extreme), Steve McAllister (VP, Parleh Media), Troy Ross (President, TPM Public Affairs), Witek Wachinski (VP Strategy and Development, BetMGM), Patrick Harris (Managing Partner, Rubicon Strategy) with more to be announced.

Attendees will have the opportunity to strengthen their knowledge of the Canadian market through dedicated conference tracks on affiliation, advertising, leadership, land-based operations, payments and compliance. Additionally, attendees will have the opportunity to attend a pre-day player protection symposium.

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