Fantasy Sports News

Canadian company i3 Interactive picks up majority share in LivePools

Dino Morea backed LivePools recently sold 51% of the company to Canada based i3 Interactive for USD 7.5 million. Speaking about the development, i3 representatives said, “With India being one of largest and fastest growing online gaming markets in the world, we are very excited to partner with LivePools. When looking for an investment, our first priorities are the team and the technology. We found both in spades with Gaurav and Vickram, and the product they have built with LivePools. With a first-class team and an exciting product, we are planning on doubling down on investment to ensure our customers have the premier fantasy gaming experience India has to offer.” LivePools was launched in 2017 by Gaurav and Vikram Assomull. The app currently boasts of 1.5 million users across its fantasy cricket, kabaddi and football verticals.

Google leaves out India in the list of countries where it allows gambling apps

Google Play recently updated their policies related to gambling. Google has allowed inapp gambling in 15 new countries including Japan, Germany, Australia and the US. Google Play earlier allowed in-app gambling only in countries like UK, France, Brazil and Ireland. India has been left out of this new list of countries. This doesn’t come as a surprise as the recent slew of bans in many states on realmoney gaming threatens to reduce the scope of business for the industry. In a statement on it’s blog, Google said, “We’re updating our Real-Money Gambling Games and Contests policy so more developers around the world can build sustainable businesses, and in a way that helps keep consumers safe.”