FuboTV sportsbook rocked by head of trading departure
Sports streaming platform sees Jay Vaccaro step away ahead of major US rollout following COO departure earlier this year
FuboTV’s sports betting product has suffered another setback as head of trading Jay Vaccaro stepped down from his role.
Fubo Sportsbook has been earmarked as one of the streaming firm’s five key pillars of future development by CEO David Gandler.
The company is currently live in Arizona and Iowa and has market-access agreements in multiple states including Texas, Ohio and New Jersey, and is based on the acquired Vigtory tech platform
However, the departure of a senior member of the project in Vaccaro represents yet another hurdle for the firm.
In January, Fubo Gaming COO Sam Rattner stepped away after just 10 months with the company, having joined as part of the acquisition of Vigtory.
Vaccaro had served as head of trading from August 2021, similarly to Rattner lasting less than a year in the role.
In June, FuboTV revealed its live TV streaming sports betting service which integrates free-to-play sports contests.
Touching on Vaccaro’s departure, FuboTV said: “Jay helped set up a strong trading team at Fubo, and we thank him for his efforts.
“We launched our Fubo Sportsbook in multiple states within one year of announcing our intent to enter the wagering space. This personnel change is not expected to impact our anticipated rollout of Fubo Sportsbook into other markets this year.”
At the time, Gandler said: “We’re already seeing encouraging early signs of the flywheel effect between FuboTV and Fubo Sportsbook.
“We believe our built-in video audience will allow us to acquire users more efficiently, with a limited amount of marketing spend.
“We will continue to build our fully unified streaming TV and sportsbook experience with the rollout of more interactive features this year,” he added.