E235 - Steven Salz from Rivalry
Episode description
On this episode of the Business of Betting Podcast, Jason is joined by Steven Salz, Co-Founder and CEO of Rivalry, a Canadian company focused on serving a new generation of bettors with a mix of eSports, traditional sports, and gaming products.
Hear them discuss:
01:53 - Steven’s view on Canada’s current state, including challenges in healthcare and housing
02:10 - The cost of living in Canada and its impact on citizens
10:49 - Why Rivalry avoided an RTO and opted for a direct listing
20:05 - The struggles of managing a public company on quarterly reporting cycles
26:40 - Rivalry’s transformation to prioritize profitability and player KPIs
30:30 - The benefits of using crypto as a payment processor in the gambling industry
33:40 - How blockchain analysis tools help Rivalry ensure compliance with crypto transactions
34:40 - Why fiat regulations make payment processing more frustrating than crypto
28:40 - Rivalry's innovative approach to catering to a younger, internet-native demographic
30:47 - The challenges and lessons of building Rivalry's tech from scratch
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