Exclusive: Smarkets seeks new investment in bid to crack the US

Investor documents seen by EGR show exchange operator looking for capital to help attack US and UK sportsbook markets

Smarkets is seeking to raise new capital to help fund its US expansion and forthcoming sportsbook launch, EGR can reveal. According to an investor teaser document, seen by EGR, the firm said it was looking for investors to “support growth into the nascent $17bn US market and mainstream £2.6bn UK sportsbook market”. The firm is…

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