Kambi Group and DraftKings agree on DraftKings’ migration phase. Kambi Group plc and DraftKings Inc. have reached a mutual agreement on the migration process of DraftKings from the Kambi sportsbook platform to its proprietary technology. The agreement secures Kambi with maximum revenue until the end of the relationship and enhances the security for its intellectual property.
The agreement to provide Kambi’s world-leading sports betting technology and services to DraftKings will expire no earlier than 30 September 2021. However, DraftKings is allowed to exploit its patented technology in whole or in part before that date.
Additionally, the agreement strengthens the security of Kambi’s data and intellectual property, while it has been agreed the partnership will not be extended to additional jurisdictions beyond January 2021, save where Kambi agrees to the additional service delivery.
Kristian Nylén, Kambi CEO, commented “Since partnering in June 2018, the Kambi-DraftKings relationship has proven to be highly rewarding for both parties, delivering first-class sports betting experiences to players across more states than any other sportsbook, and establishing Kambi and DraftKings as true leaders in their respective fields. The agreement we’ve announced today works to secure a strong revenue stream for Kambi for the next 15 months, while our growing and exciting portfolio of partners leaves me with no doubt that Kambi is well placed to extend its leadership position over the months and years to come.”