Brazil: Kambi signs online sportsbook deal with fantasy sports operator Rei do Pitaco

Online gaming services provider Kambi Group announced it has signed an online sportsbook agreement with Rei do Pitaco (RDP), the largest daily fantasy sports operator in Brazil. 

The multi-year partnership will enable RDP to leverage Kambi’s technology and services to launch a real-money online sportsbook in Brazil, which is in the process of regulating sports betting and is expected to become one of the largest regulated markets in the world. 

“Mobile-led RDP has built its fantasy sports success through a focus on soccer, by far the most popular sport in Brazil,” Kambi explains. The operator’s mobile app has received 13.6 million app downloads since going live in 2019, with its customer database continuing to grow through the addition of sports betting.

Welcome to the Kambi partner network, @reidopitaco!

Rei do Pitaco is Brazil’s leading DFS operator and will leverage Kambi’s technology to offer sports betting to its growing customer database which has amassed more than 3.4 million app downloads.https://t.co/lVb0rUXY4N pic.twitter.com/c5DSn4YgsX

— Kambi (@KambiSports) December 23, 2022

Under the terms of the agreement, the operator will use Kambi’s customizable technology and suite of APIs and differentiation tools to deliver a highly localized product to its players, as well as benefitting from products such as the Kambi Bet Builder.

RDP recently secured venture capital investment to expedite growth and power its move into sports betting. The company has also received investment from technology entrepreneur and FanDuel co-founder Nigel Eccles, who last year took up the position of Chair of RDP.

Kristian Nylén, Kambi CEO and Co-founder, said: “Brazil has the potential to become one of the world’s largest regulated sports betting markets so I am delighted Kambi has partnered with Rei do Pitaco, a company which I believe is uniquely positioned to gain a strong position in the country.”

“The talented people behind Rei do Pitaco have exciting and ambitious plans, so this agreement is a testament to the strength and flexibility of our sportsbook technology to be able to support those aims and enhances our position as the leading sportsbook partner in Latin America and across the world,” he added.

Mateus Dantas, CEO and Co-Founder of Rei do Pitaco, commented: “We are pleased to have agreed on this exciting sports betting partnership with Kambi. Through this new operation, we are confident of delivering a market-leading online sportsbook to our fast-growing customer database which will have access to an excellent and safe user experience on our platform.”

Kambi keeps growing its presence in Latin America, having announced in November an agreement with LMG Gaming (LMGG), owned by Puerto Rican media company Liberman Media Group, that will see Kambi provide its sportsbook to LMGG’s ApuestaPR betting brand.