On this episode of the Business of Betting Podcast, Jason is joined by Travis Geiger, the CXO and Co-founder of WagerWire.
Hear them discuss:
04:01 - How WagerWire was founded from a real-life betting moment
05:33 - What WagerWire does and how it creates a secondary market for sports bets
06:32 - The process of selling a bet through WagerWire
07:51 - How WagerWire ensures bet validation and handles settlement
09:10 - How operators react to WagerWire and their incentive to collaborate
10:06 - The psychology behind cashing out vs. selling a bet
11:40 - The marketing and viral potential of big betting moments
12:03 - The legal framework WagerWire operates under
12:24 - WagerWire’s licensing requirements and regulatory approach
17:06 - The Starties: a new awards initiative for startup recognition
18:26 - Challenges for startups in the sports betting industry
19:08 - Why the industry struggles to foster startup growth
21:03 - The role of regulation in creating high barriers to entry
22:33 - Jason’s take on the lack of startup innovation in sports betting
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