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Western Cape board grants Altenar South African manufacturer licence

Licences & markets

The Western Cape Gambling and Racing Board issued Altenar a National Manufacturer licence to operate in South Africa, the company said. Altenar said the licence allows it to supply its sportsbook solution in the country and is its first licence in a regulated African market.

The licence enables Altenar to supply its sportsbook solution in South Africa’s regulated market.

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Licences & markets

7bet launches prediction markets in Latvia and Lithuania

7bet said it is launching prediction markets for players in Latvia and Lithuania. Its platform uses technology supplied by Altenar, and the products will cover event contracts including elections, politics, weather and sport. The applicable gambling rules differ between the two markets, and the report says it remains unclear how 7bet's offer fits those requirements.

Vilnius-based 7bet has announced a prediction markets product launch in Lithuania and Latvia.

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