In a significant development for the esports betting industry, Betby has received approval from the Malta Gaming Authority (MGA) to offer its esports odds feed solution to operators holding an MGA license. The comprehensive solution encompasses pre-match and live odds, content coverage, and a statistics hub, providing operators with a versatile esports data feed. This approval follows a meticulous audit by the MGA, ensuring that Betby’s solution adheres to all regulatory requirements.
Key Components of Betby’s Esports Odds Feed Solution:
Betby’s esports odds feed solution includes a range of offerings aimed at enhancing the operator’s esports betting experience. These components comprise pre-match and live odds, content coverage, and a statistics hub. Operators can seamlessly integrate this solution as a separate esports data feed or as part of the Betby Sportsbook. The inclusion of risk management tools, back office tools, and live broadcasting of esports via Twitch further strengthens Betby’s position in the esports betting market.
Leadership Transition at MGA:
This approval marks one of the final decisions under the leadership of outgoing CEO Carl Brincat, who has played a pivotal role in overseeing regulatory matters at the MGA. Charles Mizzi is set to assume the role of CEO on January 26, bringing with him more than 25 years of experience in finance, investment, and Maltese business.
MGA’s Regulatory Role:
The Malta Gaming Authority holds a crucial responsibility in approving licenses in Malta and investigating and terminating licenses where regulatory or legal breaches occur. Recent examples include the suspension of Rush Gaming’s authorization in early January and the cancellation of Super7plus’s authorization last week.
Betby’s Perspective on MGA Approval:
Betby’s Chief Operating Officer, Eva Berkova, expressed the significance of this milestone for the company. She emphasized Betby’s substantial investment in its esports odds feed product and highlighted positive feedback from leading esports feed suppliers. Additionally, Betby’s Head of Legal, Ilze Ramolina, conveyed pride in receiving MGA’s approval, emphasizing the company’s commitment to compliance with applicable laws and outlining plans for further expansion in regulated jurisdictions.
Future Ambitions:
Securing approval from the Malta Gaming Authority represents a crucial step forward for Betby, positioning the company as a reputable player in the esports betting market. With a focus on compliance and a comprehensive esports odds feed solution, Betby is poised to expand its product offerings in regulated jurisdictions. As the industry evolves, Betby’s commitment to innovation and regulatory compliance sets the stage for continued success in the dynamic world of esports betting.