Soft2Bet has been shortlisted in two categories for the 2024 Vixio Regulatory Awards: Operator Compliance Commitment and Legal Team of the Year.
The company states that these nominations reflect the quality of regulatory work performed by the Soft2Bet legal and compliance team and recognize their recent efforts in expanding regulatory scope.
Soft2Bet's Chief Legal Officer, David Yatom Hay, stated: "Being shortlisted in two categories at the 2024 Vixio Regulatory Awards is a great acknowledgment of the work our compliance and legal teams have done in recent years.
"This proves the professionalism and excellent work of our legal and compliance teams, which has enabled us to efficiently obtain licenses in many countries while successfully conducting B2C and B2B business. As we expand into new regions, we look forward to establishing stronger partnerships and entering new global jurisdictions."
Soft2Bet has experienced significant growth in its turnkey solution partnerships across various regulated markets, enabling its B2B partners to rapidly expand into new countries and regions.
The company has recently obtained licenses in jurisdictions such as Greece, Sweden, Denmark, Italy, Romania, Ontario, Malta, and Mexico, and is currently applying for a license in New Jersey, all of which have facilitated this expansion.
Furthermore, Soft2Bet's "proof of concept" business model involves launching its own B2C operations to assess whether its products are suitable for specific markets. This approach provides valuable market insights, allowing the company to effectively target new countries and assist its B2B partners in successfully entering the market.
Soft2Bet's performance with its igaming brand Betinia in the Scandinavian Peninsula has proven successful, with a 65% year-over-year increase in net gaming revenue and over 70% growth in ARPU in 2023.
Additionally, the implementation of the non-monetary gamification solution MEGA has also increased player engagement and activity, bringing considerable revenue growth for Soft2Bet and its B2B partners.
