{"id":127179,"date":"2022-09-02T10:03:41","date_gmt":"2022-09-02T09:03:41","guid":{"rendered":"https:\/\/esportsinsider.com\/?p=127179"},"modified":"2022-09-02T10:07:42","modified_gmt":"2022-09-02T09:07:42","slug":"esports-gambling-report-august-2022-cloud9-loud-and-duelbits","status":"publish","type":"post","link":"https:\/\/esportsinsider.com\/2022\/09\/esports-gambling-report-august-2022-cloud9-loud-and-duelbits","title":{"rendered":"Esports Gambling Report, August 2022: Cloud9, LOUD and Duelbits"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/09\/Aug-2022-large.png\" alt=\"\" class=\"wp-image-127181\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/09\/Aug-2022-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/09\/Aug-2022-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/09\/Aug-2022-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/09\/Aug-2022.png 1320w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Esports Insider <\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d9250650562\" class=\"esi-paragraph \">\n \n<p>August 2022 saw a range of betting partnerships take place, particularly across the Americas. Whether it’s crypto casinos or traditional bookmakers, esports is continuing to be a commercial avenue for betting companies looking to target the ‘golden’ demographic.<br><\/p>\n\n <\/div>\n\n\n<div id=\"esi-paragraph-67d9250650d51\" class=\"esi-paragraph \">\n \n<p><em>Looking for an in-depth dive into the esports betting sector? In Play’s monthly newsletter has you covered. The newsletter breaks down esports betting trends and stories whilst also providing an analysis of the ecosystem. To sign up for the newsletter,<a href=\"https:\/\/esportsinsider.com\/newsletters\/\" target=\"_blank\" rel=\"noreferrer noopener\"> click here<\/a>.<\/em><\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d9250651787\" class=\"esi-heading \">\n \n<h1><span id=\"spotlighted_story\">Spotlighted story:<\/span><\/h1>\n\n<\/div>\n\n\n<div id=\"esi-heading-67d9250651d9a\" class=\"esi-heading \">\n \n<h2><span id=\"comeback_kings_analysing_esports_turnarounds_for_bookmakers\">Comeback kings: Analysing esports turnarounds for bookmakers<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/shutterstock_1907233270-1.jpg\" alt=\"\" class=\"wp-image-127122\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/shutterstock_1907233270-1.jpg 1000w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/shutterstock_1907233270-1-medium.jpg 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/shutterstock_1907233270-1-medium_large.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption>Image credit: Shutterstock<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d9250652451\" class=\"esi-paragraph \">\n \n<p>Former professional League of Legends (LoL) player and Bayes Data Scientist, Gawe\u0142 Paprzycki, analyses the probability of achieving a comeback in LoL. Using data, he breaks down how those probabilities differ amongst regions \u2014 and why that matters to industry.<\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d9250652cbd\" class=\"esi-heading \">\n \n<h2><span id=\"cloud9_welcomes_bcgame_as_official_crypto_casino_partner\">Cloud9 welcomes BC.GAME as official crypto casino partner<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"563\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-19-at-09.36.34-min-large.png\" alt=\"cloud9 partners with online casino bc.game\" class=\"wp-image-126443\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-19-at-09.36.34-min-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-19-at-09.36.34-min-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-19-at-09.36.34-min-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-19-at-09.36.34-min-1536x845.png 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-19-at-09.36.34-min.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Screenshot credit: Cloud9 via Twitter<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d92506533ad\" class=\"esi-paragraph \">\n \n<p>North American esports organisation Cloud9 has unveiled a multi-year partnership with crypto casino BC.GAME.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9250653b8c\" class=\"esi-paragraph \">\n \n<p>As Cloud9\u2019s official online Casino\/Gaming and Sports Betting partner, BC.GAME will receive logo placement on all CS:GO team jerseys and across the organisation\u2019s digital channels. In addition, both parties will work together to launch exclusive content and giveaways for Cloud9 fans.<\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d92506543db\" class=\"esi-heading \">\n \n<h2><span id=\"loud_secures_betting_partnership_with_midnite\">LOUD secures betting partnership with Midnite<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/midnite_loud_press_release_image_option_2-large.png\" alt=\"\" class=\"wp-image-127051\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/midnite_loud_press_release_image_option_2-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/midnite_loud_press_release_image_option_2-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/midnite_loud_press_release_image_option_2-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/midnite_loud_press_release_image_option_2-1536x864.png 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/midnite_loud_press_release_image_option_2.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: LOUD<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d9250654aa0\" class=\"esi-paragraph \">\n \n<p>Brazilian esports organisation LOUD has named betting website Midnite as its latest sponsor.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9250655297\" class=\"esi-paragraph \">\n \n<p>The deal will see LOUD promote Midnite\u2019s brand through the organisation\u2019s content on social media and video platforms. LOUD\u2019s parent company Spacecaps has also invested an undisclosed amount in the betting website, becoming an advisor for Midnite throughout its expansion plans.<\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d9250655ad2\" class=\"esi-heading \">\n \n<h2><span id=\"william_hill_strikes_esports_betting_deal_with_pandascore\">William Hill strikes esports betting deal with PandaScore<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/william-hill-pandascore-esports-betting-2022-large.jpg\" alt=\"william hill strikes esports betting deal with pandascore\" class=\"wp-image-126732\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/william-hill-pandascore-esports-betting-2022-large.jpg 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/william-hill-pandascore-esports-betting-2022-medium.jpg 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/william-hill-pandascore-esports-betting-2022-medium_large.jpg 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/william-hill-pandascore-esports-betting-2022-1536x864.jpg 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/william-hill-pandascore-esports-betting-2022.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>(ESI Illustration) Image credit: PandaScore \/ William Hill<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d92506561aa\" class=\"esi-paragraph \">\n \n<p>Esports data and statistics provider PandaScore has announced an esports betting partnership with global bookmaker William Hill.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9250656978\" class=\"esi-paragraph \">\n \n<p>As part of the deal, William Hill will utilise PandaScore\u2019s esports data offering to provide customers with odds and markets across titles such as Dota2, League of Legends and CS:GO. The gambling company also intends to roll out its own odds feed product for CS:GO at a later stage.<\/p>\n\n <\/div>\n\n\n<div class=\"keep-reading \" id=\"kr-67d92506581e0\">\n <div class=\"heading\">Keep Reading<\/div>\n <ul class=\"d-flex flex-column\">\n <li id=\"post-125773\" style=\"order: 1;\"><a href=\"https:\/\/esportsinsider.com\/2022\/08\/esports-gambling-report-july-2022-bayes-luckbox-and-gg-bet\" target=\"_blank\">Esports Gambling Report, July 2022: Bayes, Luckbox and GG.BET<\/a><\/li>\n <li id=\"post-126938\" style=\"order: 2;\"><a href=\"https:\/\/esportsinsider.com\/2023\/09\/esports-around-the-world-france\" target=\"_blank\">Esports Around The World: France<\/a><\/li>\n <li id=\"post-127012\" style=\"order: 3;\"><a href=\"https:\/\/esportsinsider.com\/2022\/08\/can-individualised-esports-regulations-help-legitimise-the-industry\" target=\"_blank\">Can individualised esports regulations help legitimise the industry?<\/a><\/li>\n <\/ul>\n<\/div>\n\n\n<div id=\"esi-heading-67d9250658f8b\" class=\"esi-heading \">\n \n<h2><span id=\"team_vitality_secures_csgo_partnership_with_ggbet\">Team Vitality secures CS:GO partnership with GG.BET<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/image001-2-large.jpg\" alt=\"\" class=\"wp-image-126413\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/image001-2-large.jpg 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/image001-2-medium.jpg 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/image001-2-medium_large.jpg 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/image001-2-1536x864.jpg 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/image001-2.jpg 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Team Vitality \/ GG.BET<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d9250659659\" class=\"esi-paragraph \">\n \n<p>French esports organisation Team Vitality has announced that GG.BET will become the official international betting partner for its CS:GO team.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9250659e51\" class=\"esi-paragraph \">\n \n<p>According to Team Vitality, the partnership will feature activations and content. Moreover, GG.BET\u2019s logo will feature prominently on Team Vitality\u2019s CS:GO jerseys. The partnership is directly focused on Team Vitality\u2019s CS:GO team, and does not include its League of Legends division.<\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d925065a6f0\" class=\"esi-heading \">\n \n<h2><span id=\"tiidal_gaming_reveals_rebrand_to_sportflare_intends_to_sell_esports_team_assets\">Tiidal Gaming reveals rebrand to Sportflare, intends to sell esports team assets<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"633\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Tiidal-large.png\" alt=\"\" class=\"wp-image-126679\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Tiidal-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Tiidal-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Tiidal-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Tiidal-1536x950.png 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/Tiidal.png 1880w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Tiidal Gaming<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d925065adcf\" class=\"esi-paragraph \">\n \n<p>Toronto-based esports and gaming company Tiidal Gaming has announced plans to rebrand to Sportsflare and sell its esports team assets.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d925065b5e0\" class=\"esi-paragraph \">\n \n<p>After the divestiture, the company intends to focus exclusively on its technology division. Specifically, this will be through its esports betting solutions firm Sportsflare. The rebrand is expected to come into effect towards the end of the year.<\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d925065be5c\" class=\"esi-heading \">\n \n<h2><span id=\"pain_gaming_inks_duelbits_sponsorship\">paiN Gaming inks Duelbits sponsorship<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/credit-pain-gaming.jpeg\" alt=\"\" class=\"wp-image-127020\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/credit-pain-gaming.jpeg 800w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/credit-pain-gaming-medium.jpeg 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/credit-pain-gaming-medium_large.jpeg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption>Image credit: paiN Gaming<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d925065c514\" class=\"esi-paragraph \">\n \n<p>Brazilian esports organisation paiN Gaming has announced a partnership with crypto betting company Duelbits.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d925065ccff\" class=\"esi-paragraph \">\n \n<p>Due to restrictions on advertising betting brands in certain esports scenes, Duelbits will be specifically promoted by paiN Gaming\u2019s Counter-Strike: Global Offensive and Free Fire emulation rosters.<\/p>\n\n <\/div>\n\n\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d925065d784\" class=\"esi-heading \">\n \n<h2><span id=\"luckbox_records_26m_loss_in_h1_2022_financial_results\">Luckbox records \u00a32.6m loss in H1 2022 financial results<\/span><\/h2>\n\n<\/div>\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"737\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902-1024x737.jpg\" alt=\"\" class=\"wp-image-56920\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902-1024x737.jpg 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902-300x216.jpg 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902-768x552.jpg 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902-696x501.jpg 696w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902-1068x768.jpg 1068w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902-584x420.jpg 584w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2020\/12\/Luckbox-e1607598998902.jpg 1197w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Luckbox<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d925065e08c\" class=\"esi-paragraph \">\n \n<p>Real Luck Group Ltd, the owner of the esports and sports betting company Luckbox, has announced its financial results for H1 and Q2, 2022. The company recorded a net loss of CAD$4.03m (~\u00a32.63m) in the first six months of 2022, of which CAD$1.96m (~\u00a31.28m) was accumulated in Q2.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d925065e85b\" class=\"esi-paragraph \">\n \n<p>Nonetheless, Luckbox is free of debt and has a positive balance of CAD$10.6m (~\u00a36.92), which CEO Thomas Rosander considers \u201cenough capital to execute on our growth strategy.\u201d<\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d925065f0ac\" class=\"esi-heading \">\n \n<h2><span id=\"esports_data_company_abios_boosts_betting_portfolio_with_beter_deal\">Esports data company Abios boosts betting portfolio with BETER deal<\/span><\/h2>\n\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"535\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/beter-betbazar-partnership-announcement-PR_1-large.png\" alt=\"Abios\" class=\"wp-image-126592\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/beter-betbazar-partnership-announcement-PR_1-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/beter-betbazar-partnership-announcement-PR_1-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/beter-betbazar-partnership-announcement-PR_1-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/beter-betbazar-partnership-announcement-PR_1.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Abios<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d925065f79e\" class=\"esi-paragraph \">\n \n<p>Esports data and technology company Abios has bolstered its betting portfolio after securing a deal with fast-paced betting product supplier BETER.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d925065ffc6\" class=\"esi-paragraph \">\n \n<p>Brokered by sports betting supplier Betbazar, the deal gives Abios access to BETER\u2019s FIFA and NBA 2K data, which consists of approximately 14,000 matches every month.<\/p>\n\n <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d9250660827\" class=\"esi-heading \">\n \n<h2><span id=\"rivalry_announces_record_revenues_increased_losses_in_latest_financial_report\">Rivalry announces record revenues, increased losses in latest financial report<\/span><\/h2>\n\n<\/div>\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"513\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/06\/Rivalry-Thumbnail-large.jpeg\" alt=\"\" class=\"wp-image-123032\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/06\/Rivalry-Thumbnail-large.jpeg 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/06\/Rivalry-Thumbnail-medium.jpeg 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/06\/Rivalry-Thumbnail-medium_large.jpeg 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/06\/Rivalry-Thumbnail-1536x769.jpeg 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/06\/Rivalry-Thumbnail.jpeg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Rivalry<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d9250661178\" class=\"esi-paragraph \">\n \n<p>In its latest financial report, esports bookmaker Rivalry has announced a net loss of CAD $12.79m (~\u00a38.37m) for the first half of 2022, ending June 30th.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9250661947\" class=\"esi-paragraph \">\n \n<p>This is an increase from its CAD $4.93m (~\u00a33.22m) net loss figure recorded for H1 2021. Rivalry\u2019s net loss just for Q2 2022 was CAD $6.24m (~\u00a34.08m).<\/p>\n\n <\/div>\n\n\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n<div id=\"esi-heading-67d92506623d7\" class=\"esi-heading \">\n \n<h2><span id=\"oddingg_raises_45m_in_series_a_financing_round\">Oddin.gg raises $4.5m in Series A financing round<\/span><\/h2>\n\n<\/div>\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"535\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-large.png\" alt=\"\" class=\"wp-image-126295\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-1536x802.png 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Oddin.gg<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d9250662ccd\" class=\"esi-paragraph \">\n \n<p>Esports betting odds provider Oddin.gg has raised $4.5m (\u00a33.7m) through its Series A funding round.<\/p>\n\n <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d92506634d2\" class=\"esi-paragraph \">\n \n<p>The funding round, led by current investors as well as Genting Ventures and Velo Partners, will be used to scale the company further and develop \u2018new verticals\u2019. Apart from strengthening its team, the funds will be used to improve Oddin.gg\u2019s portfolio of services.<\/p>\n\n <\/div>\n\n\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>Image credit: Esports Insider August 2022 saw a range of betting partnerships take place, particularly across the Americas. Whether it’s crypto casinos or traditional bookmakers, esports is continuing to be a commercial avenue for betting companies looking to target the ‘golden’ demographic. Looking for an in-depth dive into the esports betting sector? In Play’s monthly … <a href=\"https:\/\/esportsinsider.com\/2022\/09\/esports-gambling-report-august-2022-cloud9-loud-and-duelbits\">Continued<\/a><\/p>\n","protected":false},"author":72,"featured_media":127181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","esi_template":"default","excluded":false,"footnotes":""},"categories":[242,63,87,239,50,15024,8717,106,237,240],"tags":[],"class_list":["post-127179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-commercial","category-gambling","category-europe","category-features","category-financial","category-insights","category-latest-news","category-news-by-region","category-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - 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