- Betiply is the first truly international Daily Fantasy Sports platform, offering fantasy sports contests throughout both North and South America
- Widely popular in the United States, Betiply will allow Mexicans to join the fun with more sports, in more languages, than any other fantasy platform
- The collaboration with Biz Latin Hub provides strategic alliance for expansion into the Latin American market
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Betiplys´ Expansion into Mexico and Latin America
July 28, 2016 – Betiply, a pioneering international Daily Fantasy Sports (DFS) platform with offices in the United States and Colombia, announced today that it has selected Biz Latin Hub as its back office and legal advisor for entry into the Mexican marketplace.
Daily Fantasy Sports, wildly popular in the United States, has until now been only available in the US and Canadian markets. Betiply not only will allow Mexicans to participate in fantasy sports contests, they will be able to do so with their brethren in other nations across both North and South America.
Michael Puscar, co-founder and CEO of Betiply, indicated that this agreement signifies the beginning of a long-term partnership.
“Craig Dempsey’s team at Biz Latin Hub were instrumental in facilitating our launch into the Mexican market”, said Puscar. “Their company provided us with in-depth analysis of the current business and legal climate along with a detailed legal opinion and supporting precedents. That legal opinion was fundamental in assisting us to sign agreements with merchants within Mexico that allow our platform to handle transactions within the country.”
Latin American presents a very appealing business opportunity for U.S. based companies seeking to expand their audience. Biz Latin Hub provides the complete suite of back office services, including legal, accounting and recruitment services for companies who seek a more seamless entry into an exciting and growing marketplace.
In Mexico, Betiply users will be able to use their sports knowledge to compete in contests of various sizes. Betiply offers contests covering local leagues such as the Liga MX as well as international soccer leagues including the English Premier League, German Bundesliga, Italian Series A, and the Spanish La Liga. The platform also covers Copa Liberadores, the Euro 2016, the Argentinian league as well as sports outside of soccer such as the National Football League (NFL), National Basketball Association (NBA), Major League Baseball (MLB) and the National Hockey League (NHL). Puscar indicated that these leagues are only the start.
“As we continue to expand into Mexico and beyond, we will continue to add more leagues and make the platform available in more languages,” said Puscar, “Our goal is a truly international platform. If you are passionate about a sport, we want that sport to be covered within Betiply.”
Puscar emphasized the international nature of the platform and indicated that Betiply’s alliance with Biz Latin Hub applies beyond Mexico, into future markets such as Chile, Peru and Brazil.
Betiply is backed by GITP Ventures, a Panama-based early-stage venture fund and Ruta-N, the center of innovation and business in Medellín, Colombia. It has also received backing from various angel investors from both Colombia and the United States.
Founded by serial entrepreneurs Michael Puscar and Bob Reisenweber, Betiply is the world’s first international fantasy sports platform, covering more leagues, in more languages, than any other Daily Fantasy Sports web site or mobile application.
About GITP Ventures
Founded in 2012, Grupo Internacional de Tecnología de Punta S.A. (GITP Ventures) is an early stage investment group that invests in dynamic, scalable companies with an international focus. GITP’s portfolio spans a wide array of verticals including technology, media, retail and fashion. GITP’s companies are challenging the paradigms of their respective industries by embracing and deploying adaptive, innovative technologies.
Johana Buriticá, Public Relations
Social Media Contacts
|Biz Latin Hub||@BizLatinHub||https://www.bizlatinhub.com/|
|GITP Ventures S.A.||@gitpsa||http://gitp.com.co/|
Biz Latin Hub can provide legal services in Mexico
At Biz Latin Hub, we provide tailored packages of integrated back-office services based on a portfolio that includes accounting & taxation, company formation, corporate legal support, and visa processing, among others.
We have teams in place in 16 markets around Latin America and the Caribbean and we specialize in multi-jurisdiction market entry.
We will provide all of the legal services in Mexico that you need as part of a comprehensive support package that makes working with us more convenient than seeking the services of individual recruitment, accounting, and legal firms.
Contact us today to discuss how we can support you doing business in Mexico.
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The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.