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S.com, the previous regulator was dissolved on Saturday following a pair of scandals that had raised serious questions regarding its ability to effectively and responsibly oversee the nation’s emerging gambling market.Founded in 2018 by industry veterans Chris Bevilacqua, Joey Levy, and Scott Marshall, Simplebet uses machine learning and real-time technology “to make every moment of every sporting event a betting opportunity....

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Planned possibilities:The source reported that Valeri Simenov from the right-wing National Front for Salvation political party, which rules Bulgaria in coalition with its IMRO, GERB and Volya compatriots, had earlier successfully introduced a measure that handed a monopoly over all lottery games to the state-owned Sports Totalisator concern.After raising more than million in funding, to date, including a Series B round of million that closed in March, New York-based B2B product development company Simplebet has officially announced its launch.Market opportunity:Commenting on the opportunity, Chief Executive Officer for Simplebet, Chris Bevilacqua, said…“Back in 2018, I saw a unique market opportunity approaching with valuable sports media rights colliding with the sports betting industry—especially after PASPA repeal here in U....

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In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commission on Gambling. It allows existing sportsbook operators and technology platforms to offer their current customers new betting markets in an effort to generate new customers, reduces costs associated with customer acquisition, and raises the overall lifetime value of customers.Market opportunity:Commenting on the opportunity, Chief Executive Officer for Simplebet, Chris Bevilacqua, said…“Back in 2018, I saw a unique market opportunity approaching with valuable sports media rights colliding with the sports betting industry—especially after PASPA repeal here in U....

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Alarming affairs:iGamingBusiness.S.” By making use of those tools, a new category of betting, “micro markets,” are created, with results being produced in just minutes or seconds, according to the source....