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25. Sports Betting Among Friends (aka Peer-to-Peer or P2P) with Tom Naramore, CEO of D3 Sports Tech
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25. Sports Betting Among Friends (aka Peer-to-Peer or P2P) with Tom Naramore, CEO of D3 Sports Tech
About the Farrell Sports Business Podcast
Interviews with news makers from sports business to talk leadership, entrepreneurship, industry news and their unique career paths. Hosted by Matt Farrell, President of Farrell Sports and former Golf Channel, USOPC, USA Swimming and Warner Bros.
Episode Summary
Episode 25 of the Farrell Sports Business podcast - Host Matt Farrell talks with Tom Naramore, the Founder/CEO of D3 Sports Tech. Naramore discusses D3 Sports Tech, a FinTech company that offers a digital wallet solution for peer-to-peer sports wagering. He explains the evolution of sports betting technology, the importance of compliance and legal considerations, and the unique aspects of skills-based wagering. The conversation also delves into the role of technology in ensuring fair play and the future opportunities for D3 Sports Tech in the sports entertainment industry.
Chapters
00:00 Introduction to D3 Sports Tech
04:06 Understanding Peer-to-Peer Sports Wagering
06:59 Navigating Compliance and Legal Challenges
10:05 The Evolution of Sports Betting Technology
13:05 Defining Skills-Based Wagering
16:12 The Role of Technology in Fair Play
19:07 Use Cases and Future Opportunities for D3 Sports Tech
34:35 Introduction to Sports Betting and Business Insights
35:04 Exploring Corporate VIP Hospitality and Ticketing
Takeaways
- D3 Sports Tech is a FinTech company focused on peer-to-peer sports wagering.
- Players are increasingly interested in winning cash rather than prizes.
- Navigating compliance and legal challenges is crucial in the sports betting industry.
- The evolution of technology has transformed how sports betting operates.
- Skills-based wagering allows players to bet on their own performance.
- Technology plays a significant role in maintaining fair play in wagering.
- D3 Sports Tech was born out of a desire to create a cashless betting system for golf.
- The company has pivoted to a B2B model, licensing its wallet to other companies.
- There are numerous use cases for D3 Sports Tech in various sports and gaming industries.
- The future of sports betting is leaning towards gamification and increased player engagement.
Intro Song: All World
Artist: JMPSCR
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