Pools betting pioneer Colossus Bets has been granted a license to operate a totalizator by the Oregon Racing Commission. This license will enable authorized North American betting operators to access Colossus Bets horse racing pools through microsite technology provided by Colossus Bets. Sean Pinsonneault of Bluslate Inc represented Colossus Bets before the Oregon Racing Commission.
Colossus Bets’ Chief Executive, Bernard Marantelli commented: “We are looking forward to bringing the Colossus formula of lotto-sized jackpots with leg-by-leg Cash Out and crowdfunded Syndicates, to North American horseplayers. It will be the first time Cash Out on racing has been offered in the US.
The Oregon Racing Commission is a progressive and forward looking regulator with most top tier operators on it register, so it is especially pleasing to join their ranks.
Increasing our US regulatory footprint will also accelerate the launch of our patented Cash Out feature on existing US horse racing pools.”
Jack McGrail, Executive Director of the Oregon Racing Commission added: “We are pleased to award this license to Colossus Bets and we welcome the innovation they will bring to pari-mutuel betting on horse racing, for our licensees and their players.”
For further information please contact:
+44 (0)20 3405 8420
For North American enquiries:
About Colossus Bets
Colossus Bets is a multi-award-winning pools betting operator which has pioneered Cash Out and has been granted a series of patents in relation to the functionality across all forms of betting and gaming in the US and elsewhere.
The firm’s product range includes Colossus sports pools, the world’s largest sports jackpots; FreePlay, an innovative ‘free bet’ marketing platform; and Colossus Syndicates, a crowdfunding extension of the core sports pools offering.
Since its launch in 2013, Colossus has distributed more than £100 million in prizes and has
gone live with over fifty partners, including Betfair, Paf and Betway Africa.
Find out more at corporate.colossusbets.com.