Kero Sports, founded in 2019, is a white-label platform that enables in-game micro-betting for existing apps such as professional sports teams, broadcasters, and sportsbooks. The company's technology uses AI to offer curated micro-bets every 15-45 seconds, aiming to keep users engaged throughout sports events. Kero Sports' platform ingests real-time play-by-play sports data and outputs curated in-game micro-betting markets every 30 seconds, providing an instant gratification betting experience similar to slot machines but within a sports betting context.
The company's approach is inspired by social media platforms like TikTok and Instagram, focusing on algorithmic curation to maximize entertainment value and social interaction. Kero Sports strives to simplify sports micro-betting by removing user skill and effort, automatically determining contextually relevant and engaging bets for users every 30 seconds. This allows users to make bets with minimal interaction, similar to swiping on social media apps.
As of December 2022, Kero Sports had active partnerships with 20 different American sports franchises across major leagues including the NBA, NCAA, NFL, NHL, and MLB. The company has experienced significant growth, with sales increasing 300% year-over-year as reported in October 2022. Kero Sports has processed over 5 million bets from approximately 100,000 users across various sports on its platform. In October 2022, the company secured USD 2 million in its second stage of funding to expand its offerings and continue product development.
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