22 X Ventures invests in PureWager Group
Private equity firm 22 X Ventures has invested in PureWager Group, a provider of digital sports betting solutions.
PureWager Group was founded by Wayne Stevenson and Elliott Banks, who share 50 years of gaming experience in the industry.
PureWager is in the midst of developing a new-gen online gambling platform that integrates real-time fan engagement and AI personalization. The platform is expected to launch later in the year.
Minh Le, Managing Partner at 22 X Ventures, LLC, said, “PureWager is uniquely positioned to capture a meaningful share of the booming online sports betting market. Their bold vision, commitment to ethical user engagement, and AI-powered platform make them one of the most compelling opportunities in the space.”
With the US sports betting market expected to exceed US$45 billion by 2030, assisted by hastening legislation and improved access through both state and sovereign tribal partnerships, 22 X Ventures’ investment will help PureWager upgrade its market strategy and licensing and enable it to invest in further innovation in the industry.
Wayne Stevenson, Co-Founder of PureWager Group, commented, “Over the past 30+ months, PureWager has quietly developed a series of strategic advantages and partnerships that will give us a competitive edge at launch.”
“This platform is designed to do more than entertain – it’s meant to redefine how communities engage with gaming in an ethical and immersive way,” added Co-Founder, Elliott Banks.
