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Despite the Crypto Winter and other scandals, blockchains seem here to stay in the sports betting market

TechCrunch

According to Grand View Research, the global sports betting market is expected to grow to $182.12 So we are seeing a number of startups throng around this market. Thus, HotStreak , a web3 platform for daily fantasy sports (DFS) contests, is betting that a decentralizing payments is an ideal solution for DFS platforms.

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FanDuel founder and Sequoia bet on Spanish-language fantasy sports app Draftea

TechCrunch

While he didn’t necessarily make it to the “big leagues” playing the sport, his new company Draftea aims to win over the 350 million sports fans in Latin America, Jaime Misrahi told TechCrunch in an interview. Draftea’s app charges sports fans a fee to draft a lineup of players and compete to win daily cash prizes.

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Sports venues advance goals, enhance fan experience with data analytics

CIO

Sports fans today have more ways than ever to watch their favorite teams beyond the traditional, live stadium experience, including television, streaming services, even highlights on social media. In response, sports teams and venue operators are working hard to improve and differentiate the in-stadium experience.

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LeagueApps raises $15M to be the ‘operating system’ for youth sports organizations

TechCrunch

Youth sports are an integral part of our communities, bringing families together and helping kids all over gain confidence and skills. Today, LeagueApps , which aims to be the operating system for youth sports organizations, announced it has raised $15 million in a Series B round of funding. It’s a lot. Image Credits: LeagueApps.

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Pulled Ant Group IPO costs Alibaba nearly $60B in market cap

TechCrunch

News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. Ant would have sported a possible market valuation of more than $300 billion at its IPO price. Ant was spun out of Alibaba, which owns a one-third stake in the financial technology powerhouse.

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How sport made CIO 100 winner Joanna Drake a better technology leader

CIO

As CIO at The Hut Group (THG), the British ecommerce firm behind such brands as Lookfantastic and Myprotein, Joanna Drake has been navigating some serious headwinds. stake to company founder Matthew Moulding and Qatari investors for just £31m, having bought the stake in the shopping group for £481m in May 2021.

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Sneaker enthusiast group SoleSavy raises $2M, setting the stage for a community-driven commerce boom

TechCrunch

SoleSavy is a group of communities that is currently mostly hosted on Slack. . Pralica previously co-founded Kicks Deals, a sneaker shipping site focused on less than retail pricing and Dusanj is the former Director of Operations at New Age Sports, a Nike retailer. . Image Credits: SoleSavy.

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