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Marantelli says the London-based White Swan is a significant market maker on several secondary exchanges, accounting for as much as 40% of activity on some platforms. Its particular focus is the RFQ, parlay market.

“Just better margins,” he says of that decision. “I think it’s more defendable. It’s the area that fewer people can do well. So I think it’s more defendable margin, more ability to get long-term contracts and beneficial positions.”

Singles can be profitable, but parlay pricing requires the market maker to calculate the correlations between multiple outcomes and respond dynamically to individual requests. It is a skill set built over years in the sharper regions of the existing sports betting ecosystem.

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DraftKings is requesting that a panel of the U.S. Patent and Trademark Office (USPTO) nullify a patent that trading house Cantor Fitzgerald says the gaming company copied for its benefit.

U.S. Patent No. 12,406,284, which lists Commerce Secretary and former Cantor CEO Howard Lutnick as its primary inventor, covers geolocation technology commonly used in sports betting.

Geolocation services, which are typically purchased through third-party vendors, are used by sportsbook operators to ensure that their clients are placing wagers from jurisdictions in which sports wagering is legal.

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Play’n GO has released Triple Beasts of Fortune, a five-reel, 1,024-payways slot. Its central hook is a bonus structure that can layer three separate Free Spins features into a single round.

The interest here sits less in the frontier-and-bison theme, a heavily worked category, than in how the studio has engineered its bonus play. The game is set on a supernatural Grand Canyon frontier where three crystal-linked Free Spins features can arrive alone, in pairs or all three together.

That modular approach is the reason the release stands out in a crowded segment. Rather than funneling players into one static bonus, Play’n GO gives Triple Beasts of Fortune multiple entry points that can stack. This changes how volatility and payout potential accumulate across a session.