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Prophet Exchange Secures Over $10 Million in Funding

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Prophet Exchange, the first fully regulated, peer-to-peer, high-frequency sports betting exchange in the United States, has announced a new line of funding to the tune of over $10 million. Prophet Exchange officially launched in New Jersey in August 2022 and has more recently celebrated a successful Super Bowl, where the company saw over $1 million traded on the event.

Founded by Dean Sisun and Jake Benzaquen in 2018, Prophet Exchange is an entirely peer-to-peer sports betting platform that matches users’ potential bets with others from across New Jersey.

“As excited as we are to enter the emerging market of sports betting, we are a tech company at heart,” said Dean Sisun, CEO and co-founder. “We are a scrappy, lean and agile firm in a sea of behemoths, which allows us to respond to changes and capitalize on opportunities at a moment’s notice. This round of funding will let us continue as disruptors in the betting space and push our fast-moving product forward in this blossoming market.”

Built entirely on proprietary technology, Prophet Exchange is uniquely situated to capitalize on the rapidly changing and expanding sports betting market. As gambling legislation continues to roll out nationwide and change the face of gambling in the U.S., Prophet aims to position itself as the people’s exchange of choice.

The platform offers money line, spread and total markets for NFL, NBA, NHL, MLB, and NCAA football and basketball games, and will continue to add new sports and markets as the platform scales. Soccer, tennis, golf, UFC and other Tier 2 sports will also be going live in the immediate future. And while only users within New Jersey can place bets, users across the country can download the app, view their lines, and learn the ins and outs of peer-to-peer exchanges, free of charge.

In the midst of challenging conditions across the financial markets in 2023, Prophet Exchange’s announcement of $10m in funding, securing backing from MIXI, Inc., Ninjabet and Chicago Trading Company, is a validation for their peer-to-peer exchange model.

While common across Europe, Africa and Asia, peer-to-peer exchanges were absent in the U.S. until 2022, when Prophet opened its doors in New Jersey.

Prophet is using this additional line of funding to look inward and develop the best, most innovative product in a rapidly emerging market. Prophet aims to work toward profitability while growing their already industry-leading tech offering. Additional pro-consumer pieces like increased liquidity, growing the roster of events, adding smart-wallet technology to let users trade more with less, and moving into in-play betting are in the immediate pipeline.

From here, Prophet can roll out its proprietary multi-state technology into new markets as licensing fees and market access agreements continue to come down.

Prophet’s operation first began in the United Kingdom in 2018, as it passed all of the necessary licensing and compliance overseas in order to prove its concept before peer-to-peer exchanges were being considered in the United States. After gaining the relevant experience, the team returned home in 2020 to work with New Jersey regulators to develop exchange rules and regulations in a then-sportsbook-dominated environment.

“To be frank, something has always bothered us about ‘the house always wins,’” COO and co-founder Jake Benzaquen stated. “At Prophet, we win only when the user wins. As the first pro-consumer betting exchange in the country, we believe it’s time for the house to lose a few hands.”

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Playzia Teams Up with Light & Wonder for Exciting Launch

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Playzia’s games go live on Light & Wonder’s content marketplace, alongside an exclusive deal for early distribution of soon-to-launch Love Island titles

Playzia, a fast-growing game provider to the iGaming industry, is excited to announce a strategic agreement with Light & Wonder, one of the world’s foremost iGaming entertainment companies. As part of the deal, Playzia’s portfolio of in-house studio content is now available on Light & Wonder’s content marketplace.

Thrilling titles from the fast-paced studio developer, such as Billionaire Wolf, Cosmos Cash, Sweet Candy Fortune, The Great Fishing Adventure, and the recently launched Volcanic Coins and Billionaire Rhino, are now featured on Light & Wonder’s state-of-the-art content marketplace. With the exceptional distribution power of Light & Wonder, Playzia broadens the appeal of their games to a diverse global network of operators and players, making their games even more accessible in regulated markets around the world.

Moreover, following the recently announced landmark collaboration between Playzia and ITV, the UK’s leading commercial broadcaster, to develop and release a series of online games inspired by the global reality TV phenomenon Love Island, these eagerly awaited titles will be exclusively available on Light & Wonder’s award-winning content marketplace for two weeks. This exclusive window offers operators early access to the highly anticipated Love Island content. The debut game in the series is set to offer an impactful introduction to this exciting relationship.

Playzia’s portfolio provides a rich, rewarding, and continuously evolving gaming experience through innovative and versatile mechanics, such as Hold and Win & Hold and Win Jackpot, Retrigger & Stacked Wilds in Free Spins, Bonus Hold and Win, Persistent Collection & 50 Symbols, Enhanced Hold and Win Symbols & Actions, with more surprises lined up in 2025.

Vlad Modorcea, CPO at Plazyia, commented on the milestone: “We are thrilled to see our games go live on Light & Wonder’s content marketplace. Their global network and reputation for excellence make them the perfect platform for us as we continue to expand our reach. This deal is a testament to the quality and appeal of our slot games, and we look forward to bringing them to even more players around the world.”

Steve Mayes, Senior Director, Partners at Light & Wonder iGaming, added: “We’re thrilled to welcome Playzia to our content marketplace. Their diverse portfolio of game types and fresh, exciting IP aligns perfectly with our mission to bring innovative and engaging gaming experiences to our clients. This agreement underscores our commitment to delivering new and dynamic content to our network of operators and players.”

The post Playzia Teams Up with Light & Wonder for Exciting Launch appeared first on European Gaming Industry News.

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Evoplay expands fantasy series with Tree of Light: Fabled Fruits

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Evoplay, the award-winning game development studio, has launched Tree of Light: Fabled Fruits, the latest addition to its popular Tree of Light series.

The game is the second installment in Evoplay’s high-performing fantasy series, where players follow the brave adventurer Lupine and his loyal friend Mino as they embark on a journey to find the legendary Tree of Light, which grows the most delicious fruits in the world.

Landing six or more Bonus symbols triggers the Hold & Win feature, where players receive three respins. Every extra bonus symbol resets the counter to three, and the round continues until no respins remain or all 15 positions are filled.

The Bonus Game offers multiple fixed jackpots, including Mini (x25), Minor (x50), Major (x100), and Mega (x200). The Grand Prize (x1,000) is awarded when all reel positions are filled with Bonus symbols (either Cash or Jackpot) during the feature.

To enhance engagement, the Bonus Chance feature allows players to increase their bet by 1.80x for a doubled probability of triggering the Hold & Win game. For instant access, the Bonus Buy feature is available, letting players enter mode directly at x64 the total bet.

With multiple jackpot levels, Tree of Light: Fabled Fruits offers an engaging mix of classic mechanics and strategic gameplay.

Ivan Kravchuk, CEO at Evoplay, said: “With Tree of Light: Fabled Fruits, we’ve built on the success of the first title in the series by introducing even more engaging features that enhance both excitement and rewards.

“The Hold & Win mechanic, combined with multiple jackpots and flexible bonus options, ensure an immersive experience that appeals to a wide range of players worldwide, especially fans of the fantasy genre.”

The post Evoplay expands fantasy series with Tree of Light: Fabled Fruits appeared first on European Gaming Industry News.

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GAMOMAT launches its new Flaming Link series with Ramses Book Flaming Link

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GAMOMAT, one of the leading independent German software developers for slot games, has launched its hotly anticipated Flaming Link series. Reinventing the classic Hold ‘n’ Respin feature, it carries exciting Multiplier Zones and Fire Orbs.

The series sparks into life with Ramses Book Flaming Link, with more scorching titles on the horizon, including Crystal Ball Flaming Link, Roman Legion Flaming Link, and Fancy Fruits Flaming Link—these are just the beginning. Flaming Link will turn up the dial on a range of GAMOMAT’s most iconic games, with additional titles already in development.

Flaming Link delivers pure entertainment with a straightforward yet high-energy feature. The excitement rises as Fire Orbs unlock the Flaming Link mechanic, while random Multiplier Zones boost wins up to 12,100x the total bet. With no additional bets required and the feature always enabled, Flaming Link offers an engaging and accessible experience for all player types.

The first title, Ramses Book Flaming Link, breathes fire into a legendary classic. With its Ancient Egyptian setting, familiar mechanics, and now the power of Flaming Link, it takes players on an adventure filled with pharaohs, pyramids, and high-stakes returns. The game features five or ten paylines, Free Games, and the signature Book feature, making it a must-play for fans old and new.

Ramses Book Flaming Link will be available to all Bragg operator partners via the Bragg HUB and for social gaming via Whow.

Check out the Promo video for Ramses Book Flaming Link: https://vimeo.com/1026488983/c48fd24a87

GAMOMAT Distribution GmbH Managing Director Robert Kocher said: “Ramses Book is just the beginning of Flaming Link and we’ll be setting a whole host of epic classics on fire this year—we’re very excited.”

The post GAMOMAT launches its new Flaming Link series with Ramses Book Flaming Link appeared first on European Gaming Industry News.

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