New digital wallet for wagering allows immediate settling of games using proprietary technology for peer-to-peers sports.
D3 Sports Tech (D3ST), a privately-held software development company, today announced the launch of their Wagering Wallet API for peer-to-peer sports and games. Developed specifically to meet the demand for legally settling wagers between competitors, the new Wagering Wallet allows businesses with peer-to-peer games to include a wallet for funding game play, settling wagers, spending and cashing out. Popular wallet like Venmo and PayPal are not licensed to settle wagers and accounts are starting to be shut down at an alarming rate.
The US market for sports wagering has exploded since 2018 when the Supreme Court cleared the way for all 50 states to offer it. In just 5 years, Americans have bet more than $550 billion at legal gambling outlets according to the American Gaming Association. And while most of the focus has been gambling on professional sporting events, the next area of massive growth for the industry will be the Daily Reality Sports, betting on your own games instead of betting on others. This familiar list includes the most popular individual sports in the world including golf, bowling, pickleball, sport fishing, darts or any sport where one person can play another, and have the outcome based on skills versus a game of chance.
D3ST first entered the market in 2019 with the launch of the D3 Golf App, the world’s first app to track and manage legal peer-to-peer wagering on the golf course. Hundreds of apps keep score and can determine winners and losers, but D3 succeeded where other’s stumbled and developed the ability for players to also deposit real money, manage, settle, and distribute winnings to players competing in a variety of golf games on course.
“We soon realized that our unique point of difference was our digital wallet for wagering. We had created something no one else had, and soon our vision expanded beyond golf to every other app.” Says Tom Naramore, Founder and CEO. “We started at the top with the Justice Department and moved through the legal system to basically create a new category for wagering. Working closely with our team at DLA Piper, payments and processing companies, Google and Apple too, the D3 team soon achieved the licensing to operate in 46 states. Now with more than 3 years of operational experience and compliance, the team has built a licensable API to let any business with peer-to-peer challenges add wagering to their game play.
Naturally, our pipeline is stacked with golf companies that we first competed with and are now partnering with to help them take their businesses to the next level. Each company may have different goals and strategies for how to engage their user base, but the need for a wallet to make their games more exciting, and to excite new commerce within their own ecosystems is immense.
The D3ST team will continue to operate and grow their B2C business with the D3 Golf App community with its unique features like Remote Play and Celebrity Challenges for Charities, while the business B2B unit will focus on how they share the innovative platform with others. For business inquires or press interview, please reach out to the team directly
Contact the D3 team to learn more:
Tom Naramore
CEO and Founder
(530) 392-0901
t@d3sportstech.com
Scott Keith
VP of Brand Marketing
925-287-1300
scott@d3sportstech.com
