by Brett Smiley, Sportshandle
Legislatures in two states — Illinois and Tennessee — have now passed laws mandating that to-be licensed sportsbooks purchase only “official” league data if they wish to offer live in-play wagering.
Have you ever wondered, what the heck is official data, and how does it differ in origin and practice from “unofficial” data? Great. The goal of this article is to answer that — through a conversation with a pair of entrepreneurs who are developing an in-play wagering product for the sportsbooks in states that are giving operators the freedom of choice. (As opposed to the opportunity to have “official data” paywalled by the NBA and MLB, who are seeking a direct cut of wagers or additional fees as a precondition of receiving data.)
Politics aside, we have insights below from co-founders of Deck Prism. They are prolific poker writer (and player) Ed Miller (@EdMillerPoker) and poker player Matthew Davidow, who has a decade of experience in developing live wagering systems. Among the key takeaways? “Unofficial” data, while not as fast as a direct-from-league feed, may deliver a better bettor experience, may be more accurate, and depending on the provider, may be better suited for the flow of major U.S. sports and bettors for those contests.
Rest is here…https://sportshandle.com/unofficial-official-league-data/
