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PROPHET EXCHANGE TRADES ONE MILLION DOLLARS IN MATCHED BETS ON THE SUPER BOWL

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PROPHET EXCHANGE TRADES ONE MILLION DOLLARS IN MATCHED BETS ON THE SUPER BOWL

 

Prophet Exchange’s launch six months ago in New Jersey was the first step in revolutionizing the sports betting experience in the U.S. After completing their first football season as a business, Prophet Exchange reported its biggest day for America’s biggest game.

Prophet Exchange—the first fully regulated, high frequency betting exchange of its kind in the United States— had over one million dollars in matched bets on their platform for Super Bowl LVII between the Philadelphia Eagles and Kansas City Chiefs, a monumental milestone for the betting exchange that is only live in New Jersey. With this type of volume, Prophet Exchange offered consistent 1-2 cent lines for straight bets on the main markets: spreads, totals, and moneylines. However, they also took it one step further by offering best–in-state prices on over 30 Super Bowl props as well as props in NJ specifically unique to Prophet.. For example, you were able to get +100 odds on the coin toss, and you were also able to bet on outcomes “not” to occur: Miles Sanders not to score a touchdown, the Gatorade color to not be blue, and many others. The props saw roughly 35% of the action placed on the exchange.

This event caps off an impressive first season in business in which Prophet Exchange acquired thousands of users in the Garden State and maintained an extraordinarily strong 85% retention rate week-over-week.

Prophet Exchange followed through on their promise of offering bettors a superior alternative to existing U.S. operators in New Jersey. During the 2022 football season, Prophet Exchange bettors saw 10-20% greater returns than they would have on the No. 1 sportsbook in New Jersey.

Prophet Exchange acts as an intermediary while taking on no risk, allowing users to set prices or place bets on prices already set by other users. Prophet Exchange does not add margin or vig to its odds and sets no limits to wagers, so as long as customers have a counterparty to match their bet.

“The Super Bowl was a perfect use case for why the exchange will be the predominant method to place straight wagers in the future. With $1M worth of volume on the event, we saw 1-2 cent straddles on the moneyline for all of Sunday, while the majority of the action came from users who requested their desired price,” said Prophet Exchange Co-Founder and CEO, Dean Sisun. “From additional deposit methods, to live betting, to increased liquidity, we have gotten a lot of feedback from users that signaled to us a need for change. However, even without these changes implemented for the Super Bowl, we saw the exchange come to life, and that tells a story that should not be ignored.”

Prophet Exchange launched in New Jersey in August 2022 and made an immediate impact by offering customers better prices on every team throughout the entirety of the football season.

“Everything that happened on Super Bowl Sunday is a testament to the hard work and dedication of our small team here in New Jersey and globally. We would not be here without the focus and dedication of building the best sports betting product there is” says Prophet Exchange Co-Founder and COO Jake Benzaquen. After a historic Super Bowl in the early company history, Prophet Exchange will look to carry the momentum into March Madness and beyond. Significant improvements are coming to the platform that will continue to refine the best sports betting experience in New Jersey. The best odds in New Jersey await.

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Introducing the Winners of the 2024 Game Developer Awards

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Play’n GO, Playtech, Elk Studios, Pragmatic Play and streamer CasinoDaddy were some of the big names celebrating victories at the 2024 edition of the Game Developer Awards ceremony.

Concluding the final day of the highly successful CasinoBeats Summit, the illustrious awards ceremony, which took place at the Hilton Malta, was a night dedicated to honouring the remarkable achievements of the iGaming industry.

The evening witnessed the return of veteran host Trudy Kerr, alongside award-winning game developer John Romero, as they handed out 28 awards to accomplished operators, game studios and individuals.

Award categories included:

  • Game Performance,
  • Streamers,
  • Game Creation,
  • Game People,
  • SlotCatalog,
  • Casino Platform, and
  • Best Game Release.

Rasmus Sojmark, Founder and CEO of SBC, said: “The Game Developer Awards offers a pivotal opportunity to honour the remarkable accomplishments of the industry, celebrating both regional and global brands as well as individual talent. This year’s shortlist was by far the most competitive we have seen, and I would like to congratulate all our esteemed winners.”

It was a good night for Play’n GO, who secured the prestigious SlotCatalog’s Game Studio of the Year (Large) award for the second consecutive year, whilst also picking up the Game Music / Soundtrack accolade for their title Hugo Legacy.

The game creation categories saw:

  • Playtech once again take home the Game Licensed Content award for their work on Breaking Bad: Cash Collect & Link.
  • Hacksaw Gaming was awarded Game Feature of the Year for their title Chaos Crew 2,
  • Relax Gaming was honoured with the Game Design & Art Direction award for Money Train 4, and
  • GAMOMAT was named winner of the Game Retro-Style award for Fancy Fruits Deluxe.

Pragmatic Play notably took home two awards on the night, winning both the Game Mechanic of the Year award for their MultiHold mechanic and Slot Legacy Title for Gates of Olympus.

The SlotCatalog categories saw:

  • GAMOMAT return to the stage to pick up their second award of the night for Best Game Development Company Central Europe, while
  • Playson was awarded Best Game Studio In Development Countries.
  • Reel Kingdom secured the SlotCatalog’s Game Studio of the Year (Medium) award,
  • Fortune Factory Studios was named SlotCatalog’s Game Studio of the Year (Small) and
  • IGT Play Digital claimed SlotCatalog’s Best Game Development Company North America.

The coveted SlotCatalog’s Rookie of the Year accolade was presented to industry newcomers Area Vegas.

In honour of the individual achievements in the industry, the Game People categories saw:

  • Andrei Filipovich of Aviatrix awarded Game Designer of the Year,
  • Julia Aliakseyeva from BGaming named Product Manager of the Year and
  • PearFiction Studios’ Jean-Pierre Larouche presented with the Game Composer of the Year award.

EveryMatrix won the Aggregator of the Year award, The Mill Adventure was awarded Platform Innovation of the Year, while the Best Game Release award went to Lambda Gaming for 8Bit Football Twinko.

This year’s edition saw the introduction of two new awards:

  • the FTN Game of the Year award which was sponsored by BetConstruct and presented to Rubyplay for Mad Hit Olympic First, and
  • the CasinoBeats Annual Community Recognition Award which was awarded to SoftConstruct for its work on BFTH Arena.

It was a big night for CasinoDaddy who took home the esteemed Streamer of the Year award, while The Slot Beasts and Haddzy were recipients of two new Streamer awards, Responsible Streamer of the Year and Next-Gen Streamer of the Year, respectively.

In the Game Performance categories:

  • PowderKeg Studios claimed the Slot Debut award for their title Munition Mines,
  • Stormcraft Studios won Slot to Watch for their work on Immortal Romance 2, while
  • Light & Wonder and Netflix took home Slot Collaboration of the Year for Squid Game.

The illustrious Slot of the Year award went to Elk Studios for Pirots 2.

“Last night’s ceremony was a tremendous success and proved to be a truly memorable night. I would like to thank our official partner Gaming Malta, alongside all our supporting sponsors for their help in honouring the incredible achievements of the industry” Sojmark added.

The awards ceremony concluded the final day of the CasinoBeats Summit, which saw 4,500 industry professionals convene at the InterContinental Hotel in Malta, the hub of iGaming.

 

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FBM Foundation helps Rio Grande do Sul communities with substantial donation from FBM Brazil

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In a heartfelt display of solidarity, the FBM Foundation has announced a significant milestone in its ongoing commitment to humanitarian causes through FBM Brazil’s support.

A generous donation of 500 grocery baskets, 500 personal hygiene kits, and 9,000 liters of water will be delivered and distributed to struggling communities in Rio Grande, Brazil. This effort will be carried out in partnership with Central Única das Favelas (CUFA) in Porto Alegre, with J&T Express Brazil and Correios Sedex Brasil providing transportation.

The most recent and devastating Rio Grande natural disasters, that provoked floods, landslides, and extreme weather events, have left communities grappling with immense challenges, from widespread displacement to the destruction of homes, infrastructure, and livelihoods.

Given the context of these calamities and the urgent need to assist these families, FBM Foundation’s donation emerged as a powerful alliance dedicated to promoting positive change in communities worldwide. With FBM Brazil’s substantial contribution, the organisation aims to make an impact in supporting these communities.

Beyond financial assistance, FBM Foundation recognizes the power of awareness and advocacy in driving meaningful change. Through strategic communication efforts, the organisation aims to raise awareness for additional support from like-minded individuals and organizations.

At the heart of this donation lies a shared vision of creating a brighter, more inclusive world for all. By supporting Rio Grande do Sul, FBM Foundation reaffirms its commitment to making a tangible difference in the lives of those in need.
“As a foundation deeply rooted in Brazilian heritage, FBM Foundation takes pride in its origins and the rich cultural background of Brazil. We have a legacy shaped by the spirit of proximity, compassion, and innovation, so we want to honour its Brazilian roots while embracing a global perspective in its solidarity endeavours”, shares Renato Almeida, Director at the FBM Group.

As we continue this journey of solidarity, FBM Foundation invites individuals and entities alike to join hands in creating a brighter future for all. Through collective actions, we can uplift communities, inspire change, and leave a lasting impact on the world.

 

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SUPREMELAND GAMING WINS “SLOT TO DEBUT” AWARD AT CASINOBEATS GAME DEVELOPER AWARDS

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The iGaming Disruptors Achieve Sucess with Munition Mine™ as Part of 2024 Casino Beats Summit.

Supremeland Gaming, Inc. has emerged victorious with the “Slot to Debut” award at the 2024 CasinoBeats Game Developer Awards. The winning title, Munition Mine™, is the debut title from Powderkeg Studios, a Supremeland Gaming Studio.

The Game Developer Awards recognize outstanding achievement across the iGaming industry. The winners were announced on May 23rd, 2024, at a ceremony coinciding with the CasinoBeats Summit in Malta.

Rickard Öhrn, CEO of Supremeland Gaming, said: “This recognition is a testament to the hard work and creativity of our entire team, notably under the leadership of our creative director, Peter Wasielewski. We are dedicated to delivering innovative and engaging gaming experiences, and Munition Mine™ embodies that commitment. Thank you to the judges and our incredible players who have embraced this game with such enthusiasm.”

Supremeland Gaming has undergone tremendous growth recently, including a partnership with EveryMatrix. Through Powderkeg Studios, Supremeland Gaming will develop exclusive content on EveryMatrix technology. The partnership will also allow EveryMatrix to distribute these titles for the US market via its SlotMatrix aggregation platform.
Supremeland’s game portfolio has garnered international appeal since its debut in November 2023. The innovative brand promises cutting-edge slot play, combining immersive storytelling & state-of-the-art graphics.

For more information, visit supremeland.io.

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