The business already holds partnerships with online gambling companies including Betway, Yolo Group, Aspire Global and SoftSwiss.
Now, Stake is set to integrate Oddin’s esports betting odds feed and a tailored risk management solution into its offering, as it seeks to capitalise on the continuous growth of the esports betting industry.
According to Business Research Insights, the global esports betting market size was $9.75bn in 2021, and is projected to be worth as much as $24.19bn by 2028, with a CAGR of 13.7%.
Commenting on the new partnership, Stake director of operations Dominic Hardcastle said: “As the esports industry continues to grow at an exponential rate, which we have seen in our sportsbook already, we knew we had to significantly enhance our existing offering to meet the market demand.
“As the esports industry continues to grow at an exponential rate, which we have seen in our sportsbook already, we knew we had to significantly enhance our existing offering to meet the market demand.“– Stake director of operations Dominic Hardcastle
“Our new partnership with Oddin.gg will help us double down on our investment in esports crypto betting. We are looking forward to getting the new offerings ready and available for our players soon.”
“We share the same interest in continuously enhancing the esports betting experience and user engagement for players all around the world. With Stake, the stakes are even higher than before.”
In August last year, Oddin secured a $4.5m series A funding round led by Velo Partners and Genting Ventures, allowing it to strengthen its B2B offering and expand into new verticals.
At that time, the business was said to be handling close to nine figures in monthly handle (USD), and delivering an average 6.7% margin to its clients in H1 2022.