Esports data provider GRID is launching their esports vertical GRID Bet, leveraging deals with Riot Games, ESL FACEIT Group, BLAST, and more.
Germany-based esports match data and technology platform GRID announced its latest expansion. GRID Bet is their newest venture and will be their betting vertical powered by its data capabilities.
GRID Bet
According to the official announcement from GRID, they will leverage their exclusive partnerships, including Riot Games, ESL FACEIT Group, and BLAST, to deliver maximum uptime, rapid results, and enhanced market coverage that sets GRID Bet apart from the rest. These three rights holders are responsible for some of the most active titles in esports betting: League of Legends, VALORANT, Counter-Strike 2, and Dota 2.
"The esports betting market has long been challenged by solutions that weren't built for its unique demands, and the lack of official data, despite the digital nature of the sport, has stunted growth and innovation. With GRID Bet, we are doubling down on the unique assets—official, live match data coming from our long-term, exclusive partnerships with the leading esports rights holders," said GRID CEO and co-founder Moritz Maurer. "Official data is the single proven foundation for a successful and engaging esports betting product. This expansion reflects GRID’s commitment to equipping operators with an end-to-end suite of tools to confidently launch, manage, and scale their esports offerings with unique products only official data can enable.”
GRID's co-founder, Tom Warburton, will take the helm as Chief Business Officer to lead the vertical. He has over 15 years of experience in leadership roles across B2B and B2C betting.
"All of the most impressive sports betting products I’ve ever worked with had one element in common, they were powered by official data. Trading efficiency, accuracy of odds, live betting, and the breadth of the offering can only be unlocked with official data, especially in the digital world of esports, where the game server is the one source of truth," said GRID co-founder and Chief Business Officer Tom Warburton. "I'm excited to lead this new chapter at GRID, and I am confident in our ability to deliver an esports betting solution that answers the demands of operators and accelerates the category's growth.
More updates regarding products under this new vertical can be expected next month.
