Betting company Rivalry announced on February 13th, 2026, that its Board of Directors has approved a big cut in business activity while the company looks at other options for its assets and operations.
As a result, the company has stopped all player activity on its platform right away and is allowing players to withdraw in the normal course of business.
Founded in 2017, Rivalry started as an esports betting site but has since grown to include traditional sports betting, casino games, and fantasy products. Over the last twelve months, the company has undergone various strategic shifts as it aimed to stabilise and grow the business. In Q3 2025, Rivalry announced a net loss of CAD1.67m (~£537,000).
The company is now in talks with third parties about possible deals. Moreover, the Board has decided to significantly cut back on operations.
Rivalry will now look into whether a strategic transaction or another option can be pursued. The company is making big cuts to its costs, such as cutting jobs and lowering its operating costs.
Range of Potential Outcomes Under Consideration
The company stated it is assessing a range of potential alternatives, which may include asset-level transactions, corporate transactions, restructuring initiatives or other strategic outcomes.
Given the company’s reduced operating scale and the ongoing evaluation process, there can be no assurance that any strategic alternative will be completed or that operations will continue in its current form.
