Good to know: Latest figures confirm that 68 online gaming licences and 67 sports betting licences have been granted in Brazil
On the other side of the deal, Kambi’s latest foray into the Brazilian space follows an additional deal for the provision of its Odds Feed+ product to local daily fantasy sports operator, Rei do Pitaco, in October. Shortly thereafter, the group released its Q3 2024 results, highlighting a revenue figure of €43m ($44.3m) for the period – a rise of 2% year-on-year.
Also speaking on this latest partnership announcement, Werner Becher, Kambi Group CEO, said: “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, so I’m excited to see what Kambi and Stake can achieve together in Brazil and other regulated markets.”