Kambi Group has announced a new partnership arrangement which will see the supplier provide its online turnkey sportsbook to crypto operator Stake.
Initially, this collaboration seeks to target the newly regulated sports betting market in Brazil, having already launched in the nation via Stake’s real-money, Kambi-powered sportsbook. However, this latest arrangement also allows Stake access to Kambi’s turnkey sportsbook across the global market.
Part of the Easygo group, Stake itself recently received regulatory approval for its casino and sportsbook licence in the Brazilian market – a development it followed up by announcing Thomas Carvalhaes as its new Brazil Country Manager. Further, the operator also helped introduce TGLab to the nation’s market as part of a new deal signed earlier this week.
Commenting on this latest news, Brais Pena Sanchez, Easygo Chief Strategy Officer, said: “Launching in the newly regulated market of Brazil is a major milestone for us and we are excited to have partnered with Kambi to leverage their Sportsbook solution to support our global regulated market expansion.
“Our experience in the region, paired with Kambi’s cutting-edge technology, will allow us to elevate our offering and provide our customers with exciting experiences in Brazil and beyond.”
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On the other side of the deal, Kambi’s latest foray into the Brazilian space follows an additional deal for the provision of its Odds Feed+ product to local daily fantasy sports operator, Rei do Pitaco, in October. Shortly thereafter, the group released its Q3 2024 results, highlighting a revenue figure of €43m ($44.3m) for the period – a rise of 2% year-on-year.
Also speaking on this latest partnership announcement, Werner Becher, Kambi Group CEO, said: “Kambi has a proud history of driving growth for operators in regulated markets around the world and we look forward to doing similar for Stake.
“Kambi’s advanced and compliant technology enables operators to offer a leading sportsbook product, even within highly complex frameworks, so I’m excited to see what Kambi and Stake can achieve together in Brazil and other regulated markets.”
