On May 9, Betr Holdings, a micro-betting focused sports wagering company based in Miami, Florida, revealed that it has bought the Chameleon Platform from Vancouver-based FansUnite Entertainment. The transaction agreement was officially concluded on May 8.
Transaction agreement:
Under the transaction agreement, Betr purchased the Chameleon source code, related documentation, intellectual property and physical assets from FansUnite for a total price of $7,448,000.
This consists of $2,234,400 in cash and $1,489,600 in equity at closing and $2.234.400 in cash and $1,489,600 in equity to be paid during the 12 months following the closing of the transaction subject to certain milestones being achieved during performance Come from Sports betting site VPbet. The transaction is signed and closed at the same time.
Acquisition:
As the Chameleon platform offers a complete suite of gaming solutions, involving Player Account Management (PAM), sports wag…