BetMakers acquires Protocol Zone IP and software for $1.5m

M&A

BetMakers Technology Group has announced that its subsidiary, BetMakers MTS, LLC (BetMakers LLC), has acquired intellectual property and software (together the IP) from Protocol Zone Private Limited (Protocol Zone), a specialist developer of wagering software.

The intellectual property acquired from Protocol Zone includes; digital tote technology, API data
feeds, proprietary trading and ratings models, amongst other tools, which will all form part of the
new GTX software that BetMakers expects to release in FY25.

GTX will provide BetMakers’ international ADW and tote wagering customers with a new tote
wagering platform that is expected to deliver enhanced performance and a greater user experience.

GTX is expected to lower BetMakers’ cloud and infrastructure costs relating to its ADW
platforms in the US and other jurisdictions of which there are currently ~20+ customers.

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