Sports betting supplier Miomni Gaming is set to introduce a new exchange betting product, MiOffer, to the US market in 2021.
The product, which has been patent protected since 2012, combines elements of traditional sportsbook management with exchange wagering and can be complementary to or independent of existing sportsbooks.
The product can be managed in-house or outsourced to Miomni. The supplier claimed it is a risk free proposition which enables greater market transparent and player confidence, bringing higher sustainable revenues into the gaming ecosystem.
Since any unmatched offers on the exchange would automatically be recognized by its software, the supplier said it is an error-free system, ensuring that the administrator and the ecosystem are constantly in communication.
It stated the product would bring several benefits to operators, including full transparency, expanded market access and visibility, integrity in pricing, increased player confidence and engagement, expanded liquidity, automatic hedging facilities and full compliance and regulatory measures.