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US Sports Betting 2023: Prophet Exchange Secures $10M Funding; Amelco, Simplebet Form Partnership; SuperBook Earns Maryland License

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Jeff Hawkins
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Jeff Hawkins Sports Editor

Jeff Hawkins is an award-winning sportswriter with more than four decades in the industry (print and digital media). A freelance writer/stay-at-home dad since 2008, Hawkins started his career with newspaper stints in Michigan, North Carolina, Florida, Upstate New York and Illinois, where he earned the 2004 APSE first-place award for column writing (under 40,000 circulation). As a beat writer, he covered NASCAR Winston Cup events at NHIS (1999-2003), the NHL's Chicago Blackhawks (2003-06) and the NFL's Carolina Panthers (2011-12). Hawkins penned four youth sports books, including a Michael Jordan biography. Hawkins' main hobbies include mountain bike riding, 5k trail runs at the Whitewater Center in Charlotte, N.C., and live music.

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Sports Editor

Updated9 hours ago on April 19, 2024

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With more than $10 million in secured funding, Prophet Exchange plans to expand its offerings. 

Prophet Exchange was the United States’ first peer-to-peer sports betting exchange. During its latest funding round, the Hoboken, New Jersey-based company was reportedly backed by three main investors, Chicago Trading Company, MIXI and Ninjabet. 

Launched in August 2022, Prophet Exchange handled more than $1 million in peer-to-peer wagers for Super Bowl 52, featuring the Kansas City Chiefs and Philadelphia Eagles. 

“Prophet’s current mission is to dominate the straight bet experience in the U.S.,” CEO Dean Sisun said, as reported by Covers.com. 

Following its latest funding round, Prophet Exchange seeks to enhance its offerings by adding golf, soccer, tennis and UFX to its betting roster. It already handles the four major professional sports leagues (NFL, MLB, NBA and NHL) and college football and basketball.

Amelco, Simplebet Form Partnership 

Following a trial period during March Madness, Amelco and Simplebet on Thursday agreed to form a partnership. 

The deal provides Amelco, a company that specializes in supplying legal sports betting software, an entry into Simplebet’s micro-betting sector. Simplebet also provides business-to-business (B2B) product development. 

“It’s become clear that operators have a growing need to fill the demands of their customers in regard to the micro-betting category,” Simplebet CEO Chris Bevilacqua said. “Us partnering with Amelco will only further our reach.” 

SuperBook Receives Maryland Nod

A new sportsbook is coming to Maryland. 

The state’s lottery and gaming control commissions on Thursday voted in favor of issuing a sports betting license to SuperBook. 

Following Tuesday’s controlled demonstration to the commissions, SuperBook was granted a Maryland operating license. The test included live betting.  

SuperBook remains one of the most popular brands in the U.S. and became the ninth sports betting operator in the Old Line State. SuperBook will compete against other top companies, including Barstool Sportsbook, Caesars Sportsbook, DraftKings and FanDuel. 

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