Sports-focused streaming platform FuboTV has acquired sportsbook start-up Vigtory, a deal which the streaming service expects to allow it to launch its own sportsbook this year.
13Under the agreement, Victory founder Sam Rattner and Scott Butera will join FuboTV as chief operating officer and president of gaming respectively. Butera previously served as president of interactive gaming at MGM Resorts International before joining Vigtory as co-chief executive last year.
“The proposed acquisition of Vigtory will give fuboTV the technology to build a consumer-driven sports betting product and launch it before the end of this year,” David Gandler, co-founder and chief executive of fuboTV, said.
“It will also help us solve two hurdles that challenge other media companies who want to enter the wagering market.