• Loading stock data...
Friday, March 20, 2026
    More
    Sports Betting

    Betway Parent Going Public in $4.75B Merger

    • Super Group has agreed to go public with Sports Entertainment Acquisition Corp.
    • The combined company has a valuation of $4.75 billion.
    By
    Apr 26, 2021 | 04:58 pm
    Real Betis/Design: Alex Brooks

    As legalized sports betting continues to grow in the U.S., a European market leader is set to cash in.

    Super Group, the parent company of global online gambling operator Betway, has agreed to go public with Sports Entertainment Acquisition Corp. The move gives Super Group a valuation of $4.75 billion. 

    Super Group is licensed in 23 jurisdictions throughout Europe, the Americas, and Africa, with more than 2.5 million monthly unique active customers.

    The company also agreed to acquire Digital Gaming Corp and will help the online casino software supplier expand its footprint into 10 states. 

    Sports Entertainment and Super Group have a bigger plan to build a sports-related business that resembles ESPN. In October, the SPAC — led by former NFL executive vice president Eric Grubman and former NHL COO John Collins — completed its $400 million IPO in New York.

    Super Group saw $1.1 billion in net gaming revenue in 2020. The company will have $200 million in cash and no debt when the SPAC merger is finalized.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Jan 11, 2026; Philadelphia, PA, USA; Philadelphia Eagles running back Saquon Barkley (26) carries the ball defended by San Francisco 49ers linebacker Garret Wallow (49) and defensive end Keion White (56) during the third quarter in an NFC Wild Card Round game at Lincoln Financial Field.
    by

    ​​FanDuel Parent Pins Betting Slowdown on Lackluster NFL Season
    Flutter Entertainment eyes World Cup as key growth driver.
    by

    Welcome to the Prediction-Market Super Bowl
    Hundreds of millions of dollars are being traded across many platforms.
    exclusive
    by

    Here Comes Yet Another Racket Sport: Typti
    Typti, a cross between tennis and pickleball, has big celebrity backing.
    by

    PE Bought an F1 Team For Just $200M. It’s Not Selling
    Williams is now valued at over $2 billion.

    Featured Today
    by

    AI College Recruiting Reels Aren’t Fooling Scouts
    College coaches and recruiters are way ahead of cheating athletes.
    March 7, 2026

    Alex Eala Has Become One of the Biggest Draws in Tennis
    Eala will face Coco Gauff in the third round at Indian Wells.
    Jun 9, 2021; Paris, France; The racket of Coco Gauff (USA) after she smashed it during her match against Barbora Krejcikova (CZE) on day 11 of the French Open at Stade Roland Garros
    March 6, 2026

    The ‘Rage Room’ Is the Hottest Place in Tennis
    The idea came from a player podcast.
    March 5, 2026

    Mark DeRosa Is Still Baseball’s Swiss Army Knife
    DeRosa is the sport’s utility player both on the field and off.

    More in Sports Betting
    Oct 27, 2025; Los Angeles, California, USA; Major League Baseball commissioner Rob Manfred before game three of the 2025 MLB World Series between the Toronto Blue Jays and Los Angeles Dodgers at Dodger Stadium
    exclusive
    by

    MLB Makes Multiyear Prediction-Market Deal With Polymarket
    The league’s stance on prediction markets has rapidly evolved.
    Mar 14, 2026; Kansas City, MO, USA; Houston Cougars guard Milos Uzan (7) drives to the hoop past Arizona Wildcats guard Anthony Dell'orso (3) during the second half during the men's Big 12 Conference Tournament Championship at T-Mobile Center.
    March 17, 2026

    Prediction Markets Tap Into March Madness Despite NCAA Pushback
    The NCAA remains “deeply concerned” about event contracts on college sports.
    [Subscription Customers Only] Jun 18, 2025; Philadelphia, Pennsylvania, USA; Fan with a Morocco flag inside the stadium before a group stage match of the 2025 FIFA Club World Cup at Lincoln Financial Field.
    March 18, 2026

    Sportsbooks, Prediction Markets Split on AFCON Payouts
    CAF named Morocco as champions after the controversial Senegalese victory in January.
    Sponsored

    Paul Rabil: Why Owning a Team Is a 100x Bet
    Paul Rabil shares how he left an established league to build PLL.
    In this photo illustration, a mobile device displays the Kalshi logo while a laptop displays the webpage of the prediction market platform in Copenhagen, Denmark, on February 10, 2026. (Photo by Kristian Tuxen Ladegaard Berg/NurPhoto)
    March 13, 2026

    CFTC Takes First Step Toward Reining In Sports Prediction Markets
    The regulator is wary of sports event contracts susceptible to manipulation.
    Antonio Davis
    March 11, 2026

    Antonio Davis: NBA Betting Epidemic ‘Blows My Mind’
    The 13-year pro “can’t fathom” players who aren’t trying to win.
    April 23, 2024; Washington, D.C., USA; Exterior view of the U.S. Supreme Court as the court hears oral arguments on April 23, 2024, in a challenge by Starbucks to a judicial decision that required the coffee chain to rehire seven employees at one of its cafes in Memphis, Tennessee who a federal agency determined were fired for supporting unionization.
    March 10, 2026

    Why the Future of Sports Prediction Markets Hangs in the Balance
    Continued government support for the sports surge is not guaranteed.
    March 9, 2026

    MLS Wants Yellow Card Betting Outlawed As it Bans Two Players
    MLS said Derrick Jones and Yaw Yeboah bet on their own games.