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Cycling Community App Link My Ride Receives Funding From Dutch Sports Tech Fund

Cycling Community App Link My Ride Receives Funding From Dutch Sports Tech Fund

Sports streaming service FuboTV is adjusting its betting strategy “in light of the current economic environment” to no longer pursue operating its own independent online…

Friday, Aug 05

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Sports streaming service FuboTV is adjusting its betting strategy “in light of the current economic environment” to no longer pursue operating its own independent online sportsbook, the company said in its Q2 earnings report on Thursday. The company currently operates its Fubo Sportsbook app in Iowa and Arizona and expects to also launch in New Jersey ahead of the upcoming NFL season.

“We continue to believe that an integrated wagering platform, offering both live video and a sportsbook, will result in the best viewing and gaming experience for consumers,” Fubo said in a letter to shareholders. “However, as we have evaluated how best to scale these capabilities in today’s market, we have concluded that we will no longer pursue this opportunity on our own. Accordingly, our interactive wagering business is under strategic review. We are in internal and external discussions to determine the best path forward for Fubo’s gaming business and look forward to sharing more information.”

The decision suggests that FuboTV could pursue alternate methods to offer betting, such as by partnering with an existing competing sportsbook. Fubo has been among the most aggressive streaming services to integrate sports betting directly into its live TV viewing experience since it acquired the sports betting app Vigtory in January 2021. FuboTV subscribers have been able to navigate their smart TV to access free-to-play prediction games while watching live sports, while viewers in Iowa and Arizona have been able to scan an on-screen QR code with their phone to place real-money bets via […]

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