Episode #258
Ep. 229: Inside the raise to build "Expedia for sports betting" w/ Gino Donati from BetOpenly and OpenMarkets
Ep. 229 welcomes back Gino Donati, Founder of BetOpenly, for a bonus episode exploring the evolution of his peer-to-peer betting exchange and his ambitious new venture, Open Markets. Gino discusses building a universal betting marketplace, connecting liquidity across platforms, serving institutional clients, and the lessons he's learned about fundraising and scaling a business. Hear him discuss: How BetOpenly differentiates itself as a peer-to-peer exchange focused on fair, devigged lines and odds rather than traditional market-making models. The growth of BetOpenly over the past year, including changes to its customer acquisition strategy and expansion across social platforms and partner integrations. The launch of Open Markets and Gino's vision for creating an “Expedia for sports betting,” allowing users to compare prices and access the best available lines across multiple platforms. How a universal wallet and partnership infrastructure could make it easier for bettors to move money and execute trades without maintaining separate balances across multiple operators. Why Open Markets is also targeting the institutional side of the industry, offering infrastructure, data, liquidity solutions, and other B2B services to operators and market participants. Gino's fundraising journey, including raising pre-money valuation and why he chose outside capital after years of bootstrapping BetOpenly. The licensing, regulatory, and infrastructure challenges involved in building a centralized layer that connects sportsbooks, exchanges, and prediction market platforms. Why Gino believes Open Markets can act as a neutral “Switzerland” for the industry by bringing liquidity to multiple platforms rather than competing directly with them. His long-term vision for BetOpenly, including the possibility of eventually giving ownership to its users and creating a community-owned betting exchange. Gino's plans to invest in early-stage startups, provide founders with access to data and infrastructure, and potentially build an accelerator-style ecosystem around Open Join the Next Predict conversation on October 22-23rd in New York. Tickets are still available, get yours now and use discount code STARTUP15 for 15% off your pass! Grab tickets here: https://nextpredict.io/summits/the-worlds-prediction-markets-summit/ Learn more ➡️ BetOpenly website ➡️ Gino Donati on Linkedin Get the top headlines from the industry's most promising growth-stage companies every week—totally free! Subscribe to the Betting Startups newsletter here: https://news.bettingstartups.com/
