Kambi recently denied allegations of a possible acquisition by Genius Sports. Rumors suggested that Genius Sports had approached Kambi with a view to expanding its operations, however, this information was quickly refuted.
Kambi’s chairman of the board, Anders Ström, was emphatic in stating that the company does not participate in such discussions. Ström said: “While Kambi tends not to comment on rumors and speculation, I can confirm that Kambi is not involved in such discussions.”
Furthermore, the market reacted positively to this response. The Swedish sports betting company’s shares increased by 14.8%, from 114.50 SEK on September 3rd to 131.50 SEK on September 4th.
Genius Sports also addressed the rumors. CEO Mark Locke stated: “As a policy, we do not comment on unfounded and misinformed rumors. To avoid any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi.”
Kambi’s Board of Directors revised financial targets for 2027 due to below-expected performance in the main regulated markets globally.
Furthermore, if they complete this acquisition, they will follow a similar trend to another recent negotiation. In this context, Betsson Group acquired Sporting Solutions verticals from FDJ Group, with the aim of improving its B2C and B2B sports betting offerings.
About Kambi
Kambi is a leading global provider of sports betting technology, offering innovative solutions to operators across a range of regulated markets.
With a robust and adaptable betting platform, the company enables its partners to deliver high-quality, personalized betting experiences, driving growth and innovation in the industry.
About Genius Sports
Genius Sports is a global company providing data technology and integrity solutions to the sports industry. Specializing in data collection and analysis, it helps leagues, federations and operators optimize their operations and offerings.
