Kambi and Stake Team Up for Brazil’s New Market
The Brazilian sports betting industry is abuzz with the news of Kambi Group’s partnership with Stake. This collaboration marks a significant milestone in the region, as Kambi provides its turnkey sportsbook to the crypto-focused operator, Stake. Brazil’s regulated sports betting market, which launched on January 1, 2024, presents immense growth potential, and this partnership is already live, leveraging Kambi’s expertise to bring innovative betting solutions to the market.
Stake’s Strategic Moves in Brazil
Stake, part of the Easygo group, has solidified its presence in Brazil through strategic initiatives. Recently obtaining regulatory approval for its casino and sportsbook license, Stake appointed Thomas Carvalhaes as its Brazil Country Manager. These moves underscore the operator’s commitment to enhancing its offerings in the newly regulated market. Additionally, Stake introduced TGLab to Brazil, further enriching its ecosystem.
Kambi’s Expanding Influence
This partnership is not just about Brazil. Kambi’s agreement with Stake allows the operator to access its turnkey sportsbook globally. This aligns with Kambi’s mission to empower operators in regulated markets worldwide. The move follows Kambi’s recent success with its Odds Feed+ product in Brazil and its robust Q3 2024 financial performance, which saw a 2% year-on-year revenue increase to €43 million.
Why This Partnership Matters
This collaboration is transformative for both entities. Stake gains access to Kambi’s advanced, compliant technology, enabling them to offer a cutting-edge sportsbook product tailored to complex regulatory environments. This positions both companies as leaders in delivering high-quality betting experiences, not only in Brazil but across other emerging markets.
