São Paulo, January 10, 2025 – Kambi Group, a leading provider of sports betting solutions, has announced a pivotal partnership with Stake, a prominent crypto operator, to bring its turnkey sportsbook to sports betting in Brazil’s newly regulated market.
The collaboration, officially launched on January 7, 2025, sees Kambi providing its cutting-edge online sportsbook technology to Stake, enabling the operator to offer real-money betting in Brazil. This partnership is not only a significant step for Stake in Brazil but also marks an opportunity for Kambi to strengthen its presence in the Latin American market.
Brazil recently opened its market to legal and regulated sports betting, making it one of the most exciting markets for gambling companies worldwide. Stake, under the umbrella of the Easygo group, has been proactive in this new regulatory environment, already securing a casino and sportsbook license in the country.
Thomas Carvalhaes has been appointed as Stake’s Brazil Country Manager, further signaling the operator’s commitment to sports betting in Brazil. This partnership with Kambi will see Stake’s sportsbook powered by a platform that has a proven track record in regulated markets globally.
Kambi’s involvement goes beyond Brazil; the agreement allows Stake to utilize Kambi’s turnkey sportsbook across other regulated markets globally. Kambi’s technology offers a comprehensive suite of betting options, including AI-powered trading, crucial for delivering a dynamic and competitive sports betting in Brazil experience.
Brais Pena Sanchez, Chief Strategy Officer at Easygo, commented on the partnership, “Launching in the newly regulated market of Brazil is a major milestone for us and we are excited to have partnered with Kambi to leverage their Sportsbook solution to support our global regulated market expansion.”
Werner Becher, CEO of Kambi Group, expressed his enthusiasm, 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, so I’m excited to see what Kambi and Stake can achieve together in Brazil and other regulated markets.”
This partnership arrives at a time when sports betting in Brazil is ripe with potential. Kambi’s recent financial results, showing a 2% year-on-year revenue increase to €43 million in Q3 2024, reflect the company’s readiness to capitalize on such opportunities. Additionally, Kambi’s previous deal with Rei do Pitaco for odds feeding in Brazil demonstrates its growing influence in the region.
The collaboration between Kambi and Stake is set to offer Brazilian bettors a sophisticated betting experience, potentially setting a new standard for how sports betting in Brazil is conducted in this burgeoning market. Stake’s global ambitions, combined with Kambi’s technological prowess, suggest a promising future for both companies as they navigate the complexities of regulated betting markets.
Kambi Group is a B2B provider of sports betting services, offering a full spectrum of solutions from front-end user interfaces to odds compiling and customer intelligence. With a presence in over 50 jurisdictions, Kambi is known for its innovative, compliant, and user-friendly betting platforms.
Stake is a leading online casino and sports betting platform that has gained popularity for its crypto-centric approach. Part of the Easygo group, Stake has a strong focus on expanding into regulated markets, leveraging partnerships and innovative technology to enhance user experience and compliance.
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Kambi Group Partners with Stake to Expand Sports Betting in Brazil
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