New sports betting solution provider First Sportsbook announces its upcoming launch. It is reported to introduce a fully managed sports betting product.
The company aims to provide solutions including trading, product development, and technology to simplify the operations of online betting operators.
First Sportsbook's services include a trading team of 180 professionals, reportedly set to create and manage thousands of betting markets. The team plans to collaborate with 270 product and technology development experts.
The solution combines algorithmic tools and trading systems, aimed at providing odds and profit margins.
The company is led by CEO Tom Light, who previously served as the Senior Vice President of Business Development at SBTech. He joined SBTech in 2014 and helped the company become a provider of sports betting and gaming solutions. During his tenure at SBTech, Light also played a significant role in the company's growth and partnership development. He aims to leverage his industry experience to develop First Sportsbook's products.
Light commented, "At First Sportsbook, we are committed to reshaping the sports betting landscape through our online betting solutions, and I am personally excited to bring our vision to the forefront of the industry."
First Sportsbook employs about 450 staff members responsible for trading and product development, with the goal of ensuring a balanced focus on operations and technology.
Before founding First Sportsbook, Tom Light was involved in blockchain and the gambling industry after his tenure at SBTech.
