KonekTV looks to expand its sports streaming platform outside of Las Vegas where it partners with Caesars
Sports streaming platform KonekTV has secured $2.5m in seed funding to expand its platform to the national sports betting industry. The streaming sports platform can be installed via an HDMI device to any existing TV screen.
SBC’s VP Growth & Strategy Americas Sue Schneider attended SeventySix Capital‘s annual Sports Innovation Conference last week. Here she talks about some of the standout moments including references to ‘sub-second latency’, an ‘enlightened’ NCAA and interactions between David Stern and Nelson Mandela!
As of December 2019, sports betting is regulated in 16 U.S. states, with enabling laws passed in another four states and legislation to authorize wagering on games pending in three other states.
The rapid legalization of sports betting since the U.S. Supreme Court overturned the federal ban in May 2018, has led to several mergers within the industry. It has also led to the creation of a number of associated businesses.