WagerWire operates a secondary marketplace allowing users to buy and sell existing sports bets and fantasy assets. This platform enables bettors to manage risk by exiting positions early or capturing profit before an event concludes. Users can track their entire portfolio of wagers and fantasy lineups across integrated sportsbook accounts in one interface.
Funding
$3.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
REFounders
Product
Problem
Individual sports bettors often lack the tools to effectively manage their wagers after they've been placed, potentially missing opportunities to mitigate risk or capitalize on favorable shifts in game dynamics. Existing sportsbook platforms typically offer limited flexibility for bettors to adjust their positions as games progress.
Solution
WagerWire provides a marketplace that enables users to buy and sell previously placed sports bets, treating wagers as tradable assets. By integrating directly with partner sportsbook APIs, the platform offers real-time tracking of bet values, allowing users to monitor and react to changes in their wager's profitability. This functionality allows bettors to strategically trade their positions, either to cut losses or secure profits before the event's conclusion. The platform aims to empower users with greater control over their betting portfolios, enhancing their ability to optimize returns and manage risk.
Target Audience
The primary target audience consists of individual sports bettors who are looking for more control and flexibility in managing their wagers, as well as those interested in actively trading their positions to maximize potential returns.
Features
- Real-time bet tracking integrated directly with partner sportsbook accounts
- Marketplace for buying and selling existing sports wagers
- Portfolio management tools to monitor bet performance and value
- Bet value calculator to assess the current market value of a wager
- Ability to set limit prices on wagers, providing players with more control over their bets
- Integration with multiple sportsbooks, allowing users to manage all their bets in one place
- Mobile app available for both iOS and Android devices