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Founded in 2018 by industry veterans Chris Bevilacqua, Joey Levy, and Scott Marshall, Simplebet uses machine learning and real-time technology “to make every moment of every sporting event a betting opportunity. It allows existing sportsbook operators and technology platforms to offer their current customers new betting markets in an effort to generate new customers, reduces costs associated with customer acquisition, and raises the overall lifetime value of customers.com reported that the Chairman for the State Commission on Gambling, Alexander Georgiev, resigned in February after being questioned as part of an investigation linked to local gambling mogul Vasil Bozhkov, who runs the Eurofootball sportsbetting business....

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After raising more than million in funding, to date, including a Series B round of million that closed in March, New York-based B2B product development company Simplebet has officially announced its launch.Comprehensive campaign:The country’s National Assembly reacted to these indignities by passing Bill 054-01-51 to officially dissolve the State Commission on Gambling and hand its duties over to the National Revenue Agency, which is headed by Galya Dimitrova. This legislation was purportedly the brainchild of Alexander Ivanov, who is a member of the center-right GERB political party, and is part of an effort to completely reshape Bulgaria’s gambling landscape so as to make it more responsible and accountable....

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”The effect of the technology is threefold.Founded in 2018 by industry veterans Chris Bevilacqua, Joey Levy, and Scott Marshall, Simplebet uses machine learning and real-time technology “to make every moment of every sporting event a betting opportunity. The company looks to help createraging bull casino software products for professional leagues with sports betting providers such as DraftKings....

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“every moment becomes a game within a game.Market opportunity:Commenting on the opportunity, Chief Executive Officer for Simplebet, Chris Bevilacqua, said…“Back in 2018, I saw a unique market opportunity approaching with valuable sports media rights colliding with the sports betting industry—especially after PASPA repeal here in U.bg was moreover purportedly further embarrassed and left on the brink of bankruptcy when sportsbook technology provider Kambi Group raging bull casino softwaresubsequently suspended its supply contract....

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In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commission on Gambling.Comprehensive campaign:The country’s National Assembly reacted to these indignities by passing Bill 054-01-51 to officially dissolve the State Commission on Gambling and hand its duties over to the National Revenue Agency, which is headed by Galya Dimitrova. The operator behind the iGaming site at 7777....