ZenSports operates a mobile sports betting app providing both a traditional mobile sportsbook and a peer-to-peer sports betting marketplace. Users can fund and wager using fiat or cryptocurrencies, and the company has issued a utility token called SPORTS for bets, discounted fees, cashback, bonuses and rewards. The app is available in the App Store and on the company website. ZenSports recently signed a partnership with Boulter Developments aimed at eventual expansion into Colorado. The company closed a $2.4M Series A to advance operations. It plans to use the funds to complete U.S. gaming license applications it has filed in Nevada and Tennessee. ZenSports operates a mobile peer-to-peer sports betting marketplace where users in legal markets can create their own bets with custom odds and terms or accept bets from others. The company also provides an API for enterprise integrations that supports cryptocurrency payments and rewards, including USD stablecoins and its proprietary SPORTS token. After launching its app internationally in March 2019, ZenSports reports over 25,000 accepted bets and more than $12M in betting volume processed through the app. Led by Co-Founder & CEO Mark Thomas, the company has pursued partnerships with casinos to enable U.S. mobile operations, including an option-to-purchase deal for the Big Wheel Casino in Lovelock, Nevada. ZenSports says it is in talks with other U.S. casinos for similar arrangements and has several enterprise deals it aims to close this year. The company plans to use new funding to expand into the United States and continue growing its international presence. ZenSports operates a mobile app that lets sports bettors create bets with their own odds and terms or accept bets created by others in a decentralized marketplace that removes the need for a bookmaker. The company created a utility cryptocurrency token called SPORTS that customers can use to place bets, earn discounted betting fees, and receive cash back, bonuses and other rewards. Led by Co-Founder & CEO Mark Thomas and CMO Mark Saldana, ZenSports intends to use recently raised funds to invest in paid customer-acquisition channels. The company aims to integrate SPORTS tokens into broader sports ecosystem access points such as online merchandise, media broadcasts, event ticketing, in-game food and beverage and professional sports leagues. ZenSports is based in San Francisco, CA and reported closing additional funding to support growth. ZenSports operates a decentralized P2P sports-betting marketplace accessible via iOS and Android where users create their own bets with custom odds or accept others’ offers. The company also issues a cryptocurrency utility token called SPORTS used to place bets, earn discounted fees, and receive cash back and bonuses. Since launch it has processed over $1.5M in bets and has cleared several regulatory hurdles to enable scaling. ZenSports plans to use new funding for marketing and growth as it scales both internationally and within the United States. The product is positioned as a mobile-first marketplace that combines peer matching with token-based incentives to drive engagement and lower fees.

Total raised

$5M

Funding rounds

4

Latest round

Series A

Latest activity

Mar 2021