DeepMarkit enters licensing deal with SportsDataIO

Executive Summary

• DeepMarkit Corp.'s subsidiary, Prospect Prediction Markets Inc., entered into a multiyear licensing agreement with SportsDataIO to access real-time sports data feeds for its prediction market platform.
• The agreement covers major North American leagues (NHL, NFL, NBA, MLB) and international soccer, aiming to support the upcoming free-to-play launch and expand market offerings.
• The company also announced the appointment of Steve Vanry as corporate secretary, succeeding Alex Parken.

Key Details

• Agreement Counterparty: SportsDataIO, a provider of real-time sports data and analytics.
• Data Coverage: Access to comprehensive real-time data feeds for all major North American sports leagues (NHL, NFL, NBA, MLB) and major international soccer leagues (English Premier League, World Cup).
• Technical Terms: The agreement provides unlimited API calls and bandwidth to ensure reliable performance as market activity grows.
• Contract Structure: Multiyear agreement with an annual auto-renewal mechanism for long-term continuity and scalability.
• Strategic Purpose: The licensed data will power the generation, resolution, and display of prediction markets on Prospect's web and mobile applications, supporting a dynamic user experience ahead of the free-to-play launch.
• Management Change: Steve Vanry appointed as corporate secretary, effective immediately.
• Management Change: Alex Parken stepped down from the role of corporate secretary.

Notable Quotes

• "High-frequency, reliable sports data is essential for powering real-time prediction markets," said Trevor Broad, co-founder of Prospect. "By integrating SportsDataIO's coverage across the NHL, NFL, NBA, MLB and soccer, we are unlocking a significantly wider universe of markets for our users. This will be a major catalyst in supporting Prospect's sports expansion and overall growth strategy."