BetConnections enhances sports betting offering with new peer-to-peer product

Gaming tech developer BetConnections, part of the 27th Gaming Group, announced Monday it has enhanced its sports betting offering with the launch of its peer-to-peer product, Betting Exchange.

Betting Exchange offers a complete selection of domestic soccer competitions as well as international markets ahead of the imminent 2022 World Cup in Qatar, the company noted.

Additional US sports available on the new service are MLB, NFL, NHL and both collegiate basketball and NBA. The platform has been primed for all regulated Latin American markets and plans are afoot to enter the US and Europe once the last stage of the certifications is finalized.

This new vertical allows Betting Exchange consumers to set prices or place bets on prices already suggested by other users. There is no added margin to the odds displayed and no limits to wagers, as long as customers are able to cover their bet, the business explains.

"Betconnections' partners will be able to seamlessly access Betting Exchange thanks to the agile development and superior technology at the core of the iGaming platform," a press release states.

27th Gaming Group VP International Gaming Hugo Baungartner said: "We're constantly evolving the Betconnections platform to ensure our partners are best placed to deliver success in their core markets."

"We've put a lot of work into the platform and I'm thrilled that our partners will be able to benefit from our peer-to-peer Betting Exchange product just before the World Cup kicks-off," he concluded.