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The company’s website breaks it down nicely…“In the same way daily fantasy sports introduced instant gratification to season-long fantasy sports, Micro-Markets are introducing instant gratification to sports betting.Trying times:However, The Las Vegas Review-Journal reported that CG Technology, which moreover runs sportsbetting services inside The Venetian Las Vegas and this property’s 3,000-room The Palazzo hotel, has been fined for a number of high-profile violations since 2014 while more recently being hit hard by the coronavirus-induced sidelining of most American sports.”...

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Market opportunity:Commenting on the opportunity, Chief Executive Officer for Simplebet, Chris Bevilacqua, said…“Back in 2018, I saw a unique market opportunity approaching with valuable sports media rights colliding with the sports betting industry—especially after PASPA repeal here in U. market for sports betting.”According to Simplebet, it is the first company to “crack the code” of using automation and machine learning to enable in-game betting on micro markets....

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“Simplebet is creating the opportunity to accelerate the adoption of sports betting to a broader audience and enhance the way fans consume sports.—through data collection and data refinement all powered by machine-learning and automation.”According to Simplebet, it is the first company to “crack the code” of using automation and machine learning to enable in-game betting on micro markets....

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Micro-market betting will convert casual sports fans to sports bettors while capturing more revenue from existing users.With high hopes for the company, founder of Slane Advisory and a former senior vice president of public affairs at the American Gaming Association (AGA), Sara Slane, who is also a Simplebet investor, reportedly said in the company’s press release…“The innovative products that Simplebet is bringing to the sports betting arena are going to be a game changer. The executive purportedly declared that ‘it’s been quite a long road’ to getting the proposed transaction over the line but that its completion would also allow his company to assume responsibility for a betting platform and risk management consultin...

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“I saw a gigantic market opportunity to create a fan engagement platform making sports media rights even more valuable, combined with newly created sports betting revenue through sponsorships and interactivity in digital/mobile while also growing the sports betting handle in a nascent U. Micro-market betting will convert casual sports fans to sports bettors while capturing more revenue from existing users.”According to Simplebet, it is the first company to “crack the code” of using automation and machine learning to enable in-game betting on micro markets....