only since 2018<\/a>. As a result, the potential for growth in Australia is less than in the US. Almost half of the states, as well as Washington, DC, already have legal sports betting.<\/strong><\/p>\nOther states, such as Kansas, Maryland, and Ohio, are finalizing the rules for their markets. Additionally, California, North Carolina, and several more may find a path to legalization next year.<\/p>\n
Fiske admitted to Forbes<\/em> that Cipher and other startups have had difficulty raising capital. This is due, in part, to hesitation on the part of venture capital firms, investors, and others. They anticipate an economic slowdown that could impact online sports betting, online gambling, and other non-essential spending. However, Fiske doesn’t see Cipher needing to raise more money any time soon.<\/p>\n","protected":false},"excerpt":{"rendered":"Cipher Sports Technology Group has raised $5 million in a Series A investment round. This Australian sports betting operator is ready to expand internationally, and it expects the money to help it fulfill its goals. The investment will serve as a foundation for an initial expansion in the US market. Despite several false starts recently […]<\/p>\n","protected":false},"author":64,"featured_media":220868,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\n
Australian Sports Betting Company Cipher Sports Secures Investment for Expansion - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n