OpenBet has been preparing for the SBC Summit North America, which is approaching its third edition. Deb Krapinski shares her expectations and plans for the summit.
What is your expectation for the third edition of SBC Summit North America to be held in September?
The SBC Summit North America provides a unique opportunity for players in the industry to discuss the latest trends and opportunities facing the North American sports betting sector. The event is growing every year and we anticipate the third edition will be even better. We are thrilled to be a part of this event again as a leader in the sports betting entertainment industry and we look forward to connecting with our partners, and other stakeholders.
OpenBet will sponsor a sports bar that will act as a networking hub. We are looking forward to engaging our peers in the industry and showcasing the market-leading, flexible proposition used by the largest sportsbook brands around the world. Our range of services, technology and content includes our highly flexible and robust sports betting engine. It also includes a customisable front end solution, a same-game parlay product powered by SportsCast and specialized Player Account Management System.
OpenBet is proud to offer bespoke solutions that help our partners differentiate their products and scale easily. At the event, we are excited to talk about these solutions and their potential benefits for commercial operators and tribes. If you are attending the SBC Summit North America this year, stop by our sports bar to chat with the team and learn how we can take your business to a new level.
OpenBet has had a busy commercial growth period, which includes your entry into Massachusetts. How has the market been since it opened in March?
Our platform was successfully launched in Massachusetts the day mobile betting became available in the state. Massachusetts has a rich sporting heritage, with teams such as the Boston Red Sox and New England Patriots. Massachusetts is not an exception. We are proud that we already power some of the largest brands in the US. Our technology is powering FanDuel in Massachusetts, marking the 19 th US release with the leading brand.
OpenBet’s platform technology allows local bettors to enjoy a seamless betting environment across a variety of events and markets, including all six major US sports. Our pioneering same-game products powered by SportCast are also proving to be a truly memorable betting experience for sports fans in a variety of sportsbooks, including DraftKings BetMGM and WynnBET. We are constantly monitoring regulatory changes and we are ready to launch new markets as soon as they receive approval.
The conference coincides with the fifth anniversary since PASPA was abolished. What do you think of the progress made?
Five years after the Supreme Court ruled against PASPA, I doubt anyone imagined we would be where we are now. The growth of sports betting has been phenomenal, and there’s still a long way to go. Now, the key is to ensure the sustainability of the US sports betting market for the long term. This means creating an environment where sportsbooks can flourish and consumers feel protected. This means a number of things. Responsible gaming is the first thing to consider. It is important that, with the rapid growth of new gaming forms, the industry provides the latest tools to ensure consumers can bet on sports in a safe manner. Second, it is about the safety of data and information. It is important that, with over 90% of all sports bets placed online using the best technology available for data protection and privacy. Thirdly, we will continue to work with teams and leagues in order to maintain the integrity of our beloved games. OpenBet is leading the way in providing a safe experience for its partners and customers.
What is OpenBet’s focus on the future of sports betting?
OpenBet is focusing on a number of areas to help bring sports betting into the 21st century. These include integrating with Endeavor and its wider ecosystem. OpenBet, as part of Endeavor, will continue to offer world-class content and technology to help partners.
OpenBet, with its 25 years of expertise and experience, is dedicated to maintaining its passion and innovation. It also adopts local approaches to provide each partner a unique solution that maximizes their business potential. OpenBet’s growth and success will continue in North America, and beyond, by combining its expertise and Endeavor’s broader ecosystem.
