Rei do Pitaco, the biggest daily fantasy sports provider (DFS), in Brazil has partnered with Kambi to develop a betting platform.
Kambi will use its technology to launch an online real-money sportsbook. This is ahead of expected regulation of Brazil’s wagering market .
The customisable technology of the Swedish supplier to B2B will be included. It also includes a suite of APIs, differential tools and a set of other APIs. This goal is to create a “highly localized product” for Brazilian players. Panellists at SBC events highlighted this as being crucial for Latin America’s success.
Kristian Nylen (Kambi CEO, Co-Founder) stated that Brazil has the potential for becoming one of the largest, regulated, sports betting markets in the world. Rei do Pitaco is a company that I feel has the best chance of gaining a solid position in Brazil, and I’m delighted Kambi has chosen to partner with them.
The talented individuals behind Rei do Pitaco are ambitious and have great plans. This agreement is testament to the strength of our sportsbook tech to be able support these aims. It also strengthens our position in Latin America as the top sportsbook partner.
Kambi, RDP believe the sportsbook’s launch will be a success because of RDP’s reputation in Brazil as an industry leader in fantasy football products.
RDP’s app for mobile has been downloaded over 13.6 million times in the year since its launch. RDP hopes to capitalize on Brazil’s eagerly-awaited sports betting regulation.
RDP secured venture capital to support its expansion ambitions, as well as plans for sportsbook expansion. This includes investments by Nigel Eccles, the FanDuel co-founder, who assumed last year the Chair position on the DFS platform.
Brazil is currently at an important crossroads in its quest to fully regulate betting. Despite the popularity of the decision, President Jair Bolsonaro failed to act by the 12th December deadline.
Mateus Dantas (RDP CEO and Cofounder) said: “We are happy to have entered into this exciting partnership with Kambi in sports betting. We are certain that this operation will deliver a leading online sportsbook for our rapidly-growing customers. They will be able to access an exceptional and secure user experience via our platform .”