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This Israeli patent for real-time betting has been approved in the US. Soon with us? - Walla! Business

2020-10-30T08:11:48.839Z

The Israeli gaming company No More Bets is recording a huge success, after receiving the exclusive patent in the field of sports betting while playing in North America and attacking the European and Israeli markets. Investor Yaniv Levy has acquired ownership of part of the company



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This Israeli patent for real-time betting has been approved in the US. Soon with us?

The Israeli gaming company No More Bets is recording a huge success, after receiving the exclusive patent in the field of sports betting while playing in North America and attacking the European and Israeli markets.

Investor Yaniv Levy has acquired ownership of part of the company

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  • Entrepreneurship

  • start up

Walla!

Business

Friday, 30 October 2020, 09:48

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Institutional sports betting around the world rolls over $ 180 billion a year, and now it turns out that the Israeli start-up and gaming company No More Bets, controlled by entrepreneur Tal Hayun, holds an exclusive patent for in-game betting - in the United States, the world's leading and developing sports betting market .



Simultaneously with the receipt of the patent, the investor Yaniv Levy, who is known in the field of Internet and fintech in Israel, purchased a share from the company in the amount approaching $ 5 million.

The company in the transaction was represented by attorneys Zeev Pearl and Yoav Alkalai of the law firm and international patent attorneys Pearl Cohen.

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"We will act with all the tools at our disposal."

Yaniv Levy

The patent, registered in 2013 and recently approved, defines a system and method for producing automatic online gambling according to events that take place on the sports field, using live broadcast which enhances the viewing experience for the user and increases the total betting to almost infinity.

Levy told Walla!

Business: "I am happy to invest in a company and a patent with a potential of hundreds of millions. This is a developing field that will undoubtedly become a leader in the field. We will soon sign commercialization and licensing agreements with the world's leading companies and use all tools available to respect the company's patent and intellectual property."



While in the United States and around the world gambling has started in play, the company intends to exercise the property right they have in this area and is convinced that the largest gambling companies in the world will certainly not risk their licenses to operate in the US market which is very strict about trade wars.



The firm of Pearl Cohen stated: "The value of the patent, as reflected in the sale transaction is exceptional in the current market conditions, which indicates the enormous commercial potential inherent in this patent and the other patents of the company."

At the same time, the company is working to obtain the patent in Europe and Israel. "

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Source: walla

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