Yahoo Acquires Social Sports Betting App Wagr

Yahoo has announced that it has acquired peer-to-peer sports betting app Wagr, the first social sports betting operator to receive a license in the United States.

Speaking of the deal Jim Lanzone, CEO of Yahoo said:

“The acquisition of Wagr is an exciting step in the development of the next generation of Yahoo Sports’ gaming portfolio. Wagr stands out for their innovative emphasis on community and social engagement in sports gaming, which aligns perfectly with the Yahoo award-winning fantasy platform that has brought tens of millions of fans together around their love of sports for over 20 years.”

Jon Shaw, SVP of Yahoo Sports went on to add:

Mario Malavé, co-founder and CEO of Wagr added:

“Yahoo Sports offers us a stage to build products that will reach millions of loyal fans that have connected over fantasy sports for decades. The unique combination of Yahoo’s scale and engagement creates opportunities for virtuous product loops between sports media and gaming. Joining Yahoo allows us to continue delivering on our mission to connect fandom to social gaming while elevating our ability to execute through expanded resources, new partnerships and technological capabilities.”

No financial details of the deal have yet been released.

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.