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”Simplebet’s mission, at a time when the sports betting market is on fire, “is to power the future of fan engagement.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. Micro-market betting will convert casual sports fans to sports bettors while capturing more revenue from existing users....

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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 consultinMarket 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.”...

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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. “Initial product launch:In the coming weeks, the NYC-headquartered company will reportedly launch its first slate of products, after having already aligned itself with Marquee Sports Network to provide fans in Illinois with “at-bat-level” stats. The firm is presently purportedly responsible for the sportsbook inside The Cosmopolitan of Las Vegas as well as similar ventures at the nearby Silverton Las Vegas, Palms Casino Resort and Tropicana Las Vegas....

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