E240 - Travis Geiger from WagerWire

On this episode of the Business of Betting Podcast, Jason is joined by Travis Geiger, the CXO and Co-founder of WagerWire.

Hear them discuss:

04:01 - How WagerWire was founded from a real-life betting moment

05:33 - What WagerWire does and how it creates a secondary market for sports bets

06:32 - The process of selling a bet through WagerWire

07:51 - How WagerWire ensures bet validation and handles settlement

09:10 - How operators react to WagerWire and their incentive to collaborate

10:06 - The psychology behind cashing out vs. selling a bet

11:40 - The marketing and viral potential of big betting moments

12:03 - The legal framework WagerWire operates under

12:24 - WagerWire’s licensing requirements and regulatory approach

17:06 - The Starties: a new awards initiative for startup recognition

18:26 - Challenges for startups in the sports betting industry

19:08 - Why the industry struggles to foster startup growth

21:03 - The role of regulation in creating high barriers to entry

22:33 - Jason’s take on the lack of startup innovation in sports betting

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