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placing digital sports bets on a baseball game.
Sweepstakes Betting Is Expanding Fast. Here’s What SportsTech Companies Need to Know

Sweepstakes-based betting is quickly changing the SportsTech industry. With inconsistent sports betting rules across the United States, sweepstakes models help companies connect with users, increase engagement, and expand nationwide. This model drives growth but brings complex tax rules, state compliance risks, and reporting requirements for operators and users. To succeed, companies must understand taxes and…

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Futuristic soccer ball illuminated with green lights. Abstract art of sports tech.
How to Prepare Your SportsTech Company for a Financial Audit

As your SportsTech business grows, financial transparency is key. Whether you’re getting ready for an audit, planning an acquisition, or considering an IPO, it’s important to have strong financial systems. We’ve created an Audit Readiness Checklist for SportsTech Finance Teams to help guide you through every stage of growth. Audit Readiness Checklist for SportsTech Finance…

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sportstech, sports betting
Sports Betting Impacted by 90% Loss Limitation in New Legislation

The recent enactment of the One Big Beautiful Bill Act (OBBB) has introduced significant changes to the tax treatment of gambling losses, which are poised to profoundly impact the sports betting industry. Signed into law by President Donald Trump on July 4, 2025, the bill includes a provision that limits the deductibility of gambling-related losses…

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A man making bets online on a sports website through his mobile devices.
Helping Sports Betting Operators Understand Taxes by State

When it comes to sports betting, taxes play a crucial role in shaping the industry as well as the sports gambling operators within it. In May 2018, the Supreme Court invalidated The Professional and Amateur Sports Protection Act (PASPA), a federal law enacted in 1992 restricting sports betting in most states. This ruling allowed individual…

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futuristic soccer stadium, digital
Success of De-SPAC Deals in SportsTech

In recent years, there has been a substantial increase in the number of companies that go public through a merger with a special purpose acquisition company (“SPAC”). A SPAC is also known as a blank check company and exists only to merge with another company. In a SPAC transaction, the private company becomes publicly traded…

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