Kambi Group has cemented its position as a leader in providing cutting-edge sportsbook technology through a significant new partnership with Stake, a prominent crypto-focused operator. This collaboration is poised to revolutionize the online sports betting landscape in Brazil, with additional plans for expansion into global regulated markets.
Kambi Group Partners with Stake to Deliver Advanced Sportsbook Solutions in Brazil and Beyond
Strategic Entry into Brazil’s Regulated Market
The partnership between Kambi Group and Stake represents a calculated move to capture a share of Brazil’s newly regulated sports betting market. Stake has already launched its real-money sportsbook in the nation, powered by Kambi’s turnkey sportsbook solutions. This deployment marks a major milestone for Stake as it navigates the burgeoning Brazilian market, which is rapidly becoming one of the most lucrative destinations for sports betting operators worldwide.
Stake, part of the Easygo group, recently secured regulatory approval for its casino and sportsbook license in Brazil, underscoring its commitment to compliance and long-term success in the region. The operator’s efforts to localize its offerings include the appointment of Thomas Carvalhaes as Brazil Country Manager, a move designed to strengthen its foothold and foster meaningful connections with Brazilian sports bettors.
Kambi’s Comprehensive Technology Platform
At the core of this partnership is Kambi’s advanced turnkey sportsbook solution, which equips operators with the tools they need to thrive in highly regulated markets. Kambi’s technology is renowned for its:
- Flexibility: Tailored solutions designed to meet the unique regulatory and market demands of each jurisdiction.
- Compliance: A proven track record of delivering sportsbook products that adhere to strict regulatory standards.
- Scalability: The ability to support operators as they expand their reach into new markets globally.
Werner Becher, CEO of Kambi Group, commented on this partnership, stating, “Kambi has a proud history of driving growth for operators in regulated markets around the world, and we look forward to doing similar for Stake. Kambi’s advanced and compliant technology enables operators to offer a leading sportsbook product, even within highly complex frameworks.”
Expanding Stake’s Reach Beyond Brazil
While the partnership initially targets Brazil, it is also a springboard for Stake’s global ambitions. The agreement grants Stake access to Kambi’s sportsbook solutions across multiple regulated markets, allowing the operator to broaden its customer base and deliver a premium betting experience worldwide.
Brais Pena Sanchez, Easygo’s Chief Strategy Officer, highlighted the significance of this collaboration, stating, “Our experience in the region, paired with Kambi’s cutting-edge technology, will allow us to elevate our offering and provide our customers with exciting experiences in Brazil and beyond.”
This partnership also aligns with Stake’s ongoing strategy to diversify its operations. Earlier this week, the operator facilitated the introduction of TGLab into the Brazilian market, showcasing its dedication to innovation and market adaptation.
Kambi’s Continued Success in Regulated Markets
The partnership with Stake is one of several strategic moves by Kambi Group to reinforce its dominance in regulated markets. In October, Kambi announced a deal with Rei do Pitaco, a local daily fantasy sports operator, to provide its Odds Feed+ product. These ventures have solidified Kambi’s reputation as a preferred partner for operators seeking to navigate the complexities of regulated betting environments.
Adding to its accolades, Kambi Group reported €43 million ($44.3 million) in revenue for Q3 2024, reflecting a year-on-year growth of 2%. This financial success underscores the effectiveness of its technology solutions and its ability to foster growth for its partners.
Impact on the Sports Betting Landscape
The collaboration between Kambi and Stake is expected to redefine sports betting in Brazil and beyond by combining Kambi’s technical expertise with Stake’s innovative approach to online betting. Key benefits of this partnership include:
- Enhanced User Experiences: Advanced features and user-friendly interfaces that cater to both seasoned bettors and newcomers.
- Market Adaptation: Solutions tailored to meet the unique demands of local markets while maintaining global standards.
- Revenue Growth: A scalable platform that allows operators to maximize their market potential.
Conclusion: The Partnership
Kambi Group’s partnership with Stake represents a new era of opportunities in the global sports betting industry. By leveraging advanced technology and strategic market insights, both companies are poised to achieve significant milestones in Brazil and other regulated markets.
FAQs About Kambi Group and Stake Partnership
1. What is the purpose of the partnership between Kambi Group and Stake?
The partnership aims to provide Kambi’s advanced sportsbook solutions to Stake, targeting the newly regulated sports betting market in Brazil while also allowing Stake to expand its operations into other global regulated markets.
2. Why is Brazil a key focus for this partnership?
Brazil’s newly regulated sports betting market represents a significant growth opportunity due to its size and potential profitability. Stake has already launched its Kambi-powered sportsbook in the country, leveraging this partnership to establish a strong presence.
3. What technology does Kambi provide to Stake?
Kambi delivers a comprehensive turnkey sportsbook solution, which includes advanced features such as:
- Flexibility to adapt to specific market needs.
- Compliance with regulatory requirements.
- Scalability to support expansion into multiple jurisdictions.
4. Who is Thomas Carvalhaes, and what is his role in this partnership?
Thomas Carvalhaes is Stake’s newly appointed Brazil Country Manager. His role involves leading Stake’s operations in Brazil, fostering relationships, and ensuring the success of the sportsbook in the local market.
5. What is Stake’s connection to the Easygo Group?
Stake is part of the Easygo Group, which is focused on innovation in gaming and betting. This partnership with Kambi aligns with Easygo’s broader strategy to expand in regulated markets.
6. What are the benefits of Kambi’s sportsbook technology for operators like Stake?
Kambi’s sportsbook technology offers:
- Advanced tools for regulatory compliance.
- Superior user experiences with innovative features.
- A scalable platform that supports growth in both local and global markets.
7. Has Kambi partnered with other operators in Brazil?
Yes, Kambi has partnered with Rei do Pitaco, a local daily fantasy sports operator, to provide its Odds Feed+ product. This reflects Kambi’s strategic focus on the Brazilian market.
8. What financial results has Kambi reported recently?
For Q3 2024, Kambi reported revenue of €43 million ($44.3 million), marking a 2% year-on-year growth. This demonstrates the company’s consistent performance and success in regulated markets.
9. What future opportunities does this partnership open for Stake?
This partnership allows Stake to expand beyond Brazil, leveraging Kambi’s sportsbook technology to enter and thrive in other regulated markets globally.
