Fantasy operator Ultimate Odds completes seed funding round – Funding
Ultimate Odds Secures Seed Funding to Launch Innovative Fantasy Sportsbook in 2022
Ultimate Odds, an innovative platform merging fantasy sports with traditional sports betting, has successfully completed its seed funding round, paving the way for the launch of its groundbreaking fantasy sportsbook in 2022. This venture is being spearheaded by Philadelphia-based entrepreneurs Justin Batushansky and Jonathan Bierig, seasoned experts in the gambling and tech sectors.
The seed funding round has garnered attention from industry heavyweights, including Seth Young, the former Chief Strategy Officer at PointsBet, and Benjie Cherniak, the former Managing Director of Don Best Sports. Esteemed investors such as Quinton Singleton, Joey Levy, Stephen Jurgella, and Seth Schorr also contributed, bringing a wealth of experience and insight to the project.
Ultimate Odds revolutionizes traditional fantasy sports by substituting conventional team positions with drafted bets, such as moneyline and over/under bets for specific games. Players then face off in head-to-head contests where the victor is determined by who achieves the longest calculated parlay odds, utilizing their strategic drafting and management of “bets” over daily or weekly periods.
“We are thrilled with our team of seed investors,” stated Batushansky and Bierig, co-founders of Ultimate Odds. “They recognize the current market’s scarcity of standout, innovative, and engaging games. Ultimate Odds aims to seamlessly integrate the worlds of fantasy sports and sports betting, as our audiences frequently overlap.”
Investors like Cherniak believe this initiative resonates particularly well with modern sports fans. “The Ultimate Odds experience is not only highly engaging but also distinctly different from existing offerings. It provides a competitive gaming experience that caters to the evolving demands of today’s sports enthusiasts,” he remarked.
Seth Young, now Chief Strategy Officer at FSG Digital and Managing Partner at The Strategy Organisation, expressed his enthusiasm: “Being part of Ultimate Odds is exhilarating. This game concept is fresh, unique, and compelling. It addresses a crucial niche within the burgeoning affiliate market in the USA.”
Ultimate Odds positions itself at the intersection of fantasy sports and sports wagering, anticipating the growing trend of gamification in sports engagement. By leveraging innovative betting mechanics and a dynamic user experience, the platform is poised to attract a diverse audience eager for a novel, authentic betting experience.
The blend of social gaming and competitive sports betting encapsulated in Ultimate Odds not only sets a new standard for user engagement but also promises significant market potential. As the landscape of betting evolves, Ultimate Odds is strategically positioned to lead this transformation, meeting the needs of a modern audience while adhering to best practices within the gambling industry.
