Yahoo acquires social sports betting app Wagr
Yahoo has acquired Wagr, a peer-to-peer sports betting app that emphasizes community and social engagement, marking a significant step towards the next generation of Yahoo Sports' gaming portfolio
Yahoo has acquired Wagr, a peer-to-peer sports betting app that allows users to make predictions and others to bet against them. Wagr charges a 5% fee on all wagers made on its platform.
The acquisition is expected to expand Yahoo's gaming portfolio and community engagement, particularly in the area of social sports betting. No financial details of the deal have been disclosed.
Wagr had been licensed in Tennessee before the acquisition and will be fully integrated into Yahoo Sports after the deal is finalized.