Kambi and RETABET: New Partnership for Premium Sports Betting Solutions

Kambi Group plc, a leading provider of sports betting solutions, has announced a multi-year collaboration with RETABET Group. RETABET, a prominent sports betting operator with a strong presence in Spain and Peru, will now utilize Kambi's comprehensive library of traded odds. This integration will occur via a seamless API into RETABET's proprietary sportsbook platform. This move significantly strengthens RETABET's offering for players in both markets, leveraging the expertise of a globally active partner.

Founded in 2002, RETABET has since evolved into a key player in the international sports betting sector. The company operates both online offerings and an extensive network of retail outlets in Spain. Furthermore, RETABET is rapidly expanding its omnichannel footprint in Peru. The partnership with Kambi underscores its commitment to continuously improving its product portfolio and providing customers with an optimal betting experience. For Kambi, it serves as further evidence of the trust leading operators place in its solutions.

Numbers and facts

Under the terms of the agreement, RETABET gains access to Kambi's full range of odds. These will be provided through its premium odds feed product, Odds Feed+. Kambi states it processes approximately €17 billion worth of bets annually, leveraging this immense liquidity to optimize the precision and margin performance of its odds. Additionally, Kambi utilizes artificial intelligence (AI) to further enhance pricing accuracy and trading quality. Official data sources ensure low latency and thus smooth real-time betting operations. Werner Becher, Kambi Group CEO, expressed his positive outlook on the collaboration:

“We are very pleased to agree this partnership with RETABET and welcome the opportunity to work closely with such an experienced and ambitious team. Our Odds Feed+ product gives operators the flexibility and choice they need to succeed in competitive marketplaces, and this partnership is another indicator of the trust leading operators are placing in Kambi’s ability to enhance margins and empower growth.” - Werner Becher, Kambi Group CEO

Igor Extremo, COO at RETABET Group, emphasized the benefit for customers:

“At RETABET we are always looking for ways to enhance our offering to our players across Spain and Peru. In partnering with Kambi for Odds Feed+ we are gaining access to high-quality pricing across a huge variety of sports, unlocking even greater depth and coverage for our customer base and leveraging Kambi’s proven expertise to enhance our platform.” - Igor Extremo, COO at RETABET Group

Background

Kambi's Odds Feed+ is a premium solution that delivers managed odds to a growing number of partners worldwide. These bespoke packages can be adapted in real-time to meet each partner's strategic requirements. The immense volume of data Kambi processes through billions of bets and the mentioned global liquidity of €17 billion per year enables unparalleled precision and margin optimization. The use of AI-powered odds further improves trading quality and ensures fast, accurate pricing. This provides RETABET with a competitive edge in the highly regulated and competitive markets of Spain and Peru. The partnership reaffirms Kambi's role as a leading technology provider for the sports betting industry.

Why it matters for German players

This new partnership between Kambi and RETABET has no direct impact on German players or GGL-licensed online casinos and sports betting providers. RETABET operates in Spain and Peru and does not offer its services in Germany. For German players, the strict rules of the Interstate Treaty on Gambling 2021 (GlüStV 2021), enforced by the Joint Gambling Authority of the Federal States (GGL), apply. These include a betting limit of 1 euro per spin for online slot machines and a monthly deposit limit of 1,000 euros across all providers. These limits are monitored by the central LUGAS system, which aims to ensure cross-operator player protection. German players can only place bets with providers listed on the official GGL whitelist. These providers guarantee compliance with German laws and thus a higher level of player and youth protection compared to unlicensed providers, who often use licenses from Malta or Curacao.

What it means for GGL-licensed casinos

For online casinos and sports betting providers with a GGL license, this development signifies that international competition in the industry is intensifying through technology partnerships such as that between Kambi and RETABET. Although the direct impact on the German market is low, it highlights the importance of modern odds solutions and AI support for success in the sector. German providers who might also utilize technologies like Kambi's Odds Feed+ must ensure that these solutions are fully compliant with the stringent requirements of GlüStV 2021. This includes adherence to betting limits and the implementation of player protection measures. The focus for German providers remains on continuous adaptation to regulatory frameworks and the provision of safe and responsible gambling offerings.