DraftKings reports at least $100m in stock sales
The reported share sale may affect DraftKings’ financing of its Railbird acquisition and dilute existing shareholders.
Funding Page 7
ClearStake raises GBP 1.5 million for player verification product
The funding will support a verification product intended to help operators conduct identity checks through banking apps.
RedCore seeks investment projects in iGaming and other technology sectors
The announcement identifies RedCore’s stated investment stage and sectors for prospective iGaming businesses.
Big Daddy Gaming launches as new slots studio backed by Castech
The new studio adds a supplier seeking operator partnerships ahead of its planned market entry.
Macau Legend plans 10-for-one share consolidation and considers fundraising
The consolidation and possible fundraising could affect Macau Legend shareholders as the company addresses its stated financial needs.
seed
Fantasy Life raises $7 million seed round to expand platform
The seed funding backs Fantasy Life’s platform launch and expansion of Guillotine Leagues.
Yaspa raises $12m to support US gambling-market entry
The funding supports Yaspa’s US expansion and development of payments services for gambling operators.
Series C
Kalshi raises $185m in Series C funding
The raise provides Kalshi with capital for platform expansion and integrations with online brokers.
Polymarket reportedly finalises funding round above $200m
The reported funding round could provide Polymarket with new capital at a proposed valuation of about $1bn.
IPO
Cirsa plans €460m IPO across four Spanish exchanges
The planned IPO could provide Cirsa with new capital and secondary share proceeds, subject to approval and market conditions.
NFL Foundation pledges $600,000 for student gambling research
The research could inform prevention and education efforts addressing gambling risks among college students and athletes.
PIPE
SharpLink raises about $425m in PIPE to buy Ethereum
The planned raise would fund SharpLink’s stated move to hold Ethereum as its primary treasury reserve asset.
SharpLink Gaming prices $4.5m public offering
The proposed raise would provide SharpLink with capital for working capital and general corporate purposes.
Caesars Foundation gives ICRG $200,000 for research and education
The grant funds gambling-harm research, education and the ICRG’s annual conference.
Series A
Kero Gaming raises $3m Series A led by SIG Sports
The funding supports a supplier whose micro-betting technology is used by sportsbook operators and platforms.
delayed draw term loan
North Fork Rancheria closes nearly $725m financing for California casino resort
The financing supports development of a casino resort planned to include about 2,400 slot machines and 40 table games.
debt facility
Las Vegas Sands plans notes offering to refinance $500 million debt
The planned refinancing and possible buybacks affect investors assessing Las Vegas Sands’ debt and capital allocation.
Waterhouse VC secures option to invest in Maincard
The option could bring investment and industry backing to Maincard as it seeks funds to scale its betting platform.
IPO
Bally’s revises Chicago casino IPO to favour Illinois residents
The revised allocation terms affect who can invest and Bally’s ownership obligations under its Chicago agreement.
seed
ALT Sports Data raises $5m in seed funding
The funding supports ALT Sports Data’s planned expansion of interactive tools and partnerships.
Series B
Midnite raises $10m in Series B funding
The funding supports Midnite’s UK growth, while a new investor representative joins its board.
The Star agrees A$300m rescue deal with Bally’s
The proposed financing could change control of The Star, subject to shareholder and regulatory approvals.
Series C
Underdog expects to raise more than $100 million in Series C round
The proposed raise would fund Underdog’s product development and recruitment, while setting a valuation above $1.2 billion.
Panama finance ministry awards USD53.4m in Treasury notes
The auction provides investors with details of Panama’s domestic government debt issuance and demand.
seed
EDGE Markets launches gambling-focused debit card in the US
The product offers operators an operator-agnostic way for customers to track gambling-related spending.