WagerWire, an innovative marketplace for buying and selling active sports bets, and Wagr, an exciting venture-backed sports betting platform initially launched in Tennessee, today announced their partnership. Both companies have a social-centric ethos and will collaborate on building community and providing a differentiated and engaging user experience.
WagerWire and Wagr each closed noteworthy investment rounds in 2022. Wagr completed a $12M Series A round with backing from the Kraft Group, owners of the New England Patriots and Revolution, and Harris Blitzer Sports & Entertainment, owners of the Philadelphia 76ers and New Jersey Devils, among others. WagerWire completed its seed round, backed by investors including Miami Marlins co-owner, Roger Ehrenberg, NBA All-Star Richard Jefferson, and SimpleBet & Betr founder Joey Levy’s 305 Ventures, among others.
“While we’re building the greatest next-generation online betting experience, we’ve been fostering an active and engaged community focused on developing smarter and more empowered bettors,” said WagerWire CEO Zach Doctor. “Wagr represents an ideal operator to partner with, as we’re able to unify our core value propositions: building the ultimate bettor experience through innovative technology, fostering high levels of social media engagement with the development of hyper-relevant communities, and empowering bettor education.”
WagerWire recently released the first installment in a series of findings from a study it completed in August 2022 detailing the behaviors and sentiments of bettors and would-be bettors alike. The data revealed 43 percent of non-bettors “don’t feel like they know enough about sports betting” and 41 percent of non-bettors “don't know enough about how to bet online.” These findings underline the importance of betting education within the engaged communities of both WagerWire and Wagr.
“The energy of Tennessee sports fans is electric,” said Wagr’s Co-Founder and COO Eliana Eskinazi. “As a local operator, we’re focused on harnessing that energy via digital and in-person experiences, and ultimately providing our players and our community with a best-in-class experience. We’re excited to combine forces with WagerWire’s highly engaged online community to grow our footprint in Tennessee and beyond.”
WagerWire is the next evolution of sports betting. Its marketplace allows bettors to utilize a continuum of proven methods to manage their bets as a growing portfolio of investments. Bettors can buy and sell bets with other users through the WagerWire marketplace or within partners’ sports betting apps. Seamless real-time tracking shows bettors the value of their bets and allows them to bet like investors.
Wagr is a sportsbook licensed in Tennessee with a mission to reinvent sports betting into a fun, social and inclusive experience. Founders Mario Malavé and Eliana Eskinazi created Wagr in April 2020 out of a mutual love for sports and friendly competition.