BetMakers has acquired RACELAB, a racing wagering technology firm, enhancing BetMakers' ecosystem with race form, preview, statistics tech, and proprietary fixed odds pricing technology.
The $1.5 million cash deal includes a potential $500,000 clawback.
The acquisition expands BetMakers' services in harness and greyhound racing and secures a partnership with SIS, a global racing rights holder.
The acquisition integrates RACELAB operations into BetMakers' global infrastructure, enhancing offerings like ProFORM and ODDS ENGINE for its customer base.