Betmakers develops integrity platform for racing Victoria and agrees to global partnership

  • New technology provides greater transparency for racing authorities
  • Racing Victoria Integrity Platform developed for Victorian thoroughbred racing
  • BetMakers signs exclusive global distribution deal for expansion of platform
  • The Board of BetMakers Technology Group Ltd (ASX:BET) (the “Company” or “BET”) is pleased
    to announce that BetMakers DNA Pty Ltd (“BetMakers” or “BetMakers DNA”), the Company’s
    wholly owned subsidiary, has formed a new commercial partnership with Racing Victoria
    Limited (“Racing Victoria” or “RVL”), a leading Principal Racing Authority (“PRA”) in Australia,
    to develop and commercialise a racing integrity platform to help manage RVL Integrity
    requirements.
    Under a software development agreement, BetMakers has developed and delivered a
    custom-built technology solution for Racing Victoria known as the Racing Victoria Integrity
    Platform (“RVIP”), which will be implemented across their racing program.
    The RVIP manages a range of data points, identifies and flags irregularities and maintains data
    in easy-to-use formats for stewards and authorities.
    The new RVIP uses BetMakers technology and its custom built features enhance transparency
    and monitoring by racing authorities, including:
    • Real-time tracking of data, such as price movements and associated betting patterns;
    • Host engine that ingests ratings and performance indicators created by the racing
      authority and BetMakers, and matches these with actual performances;
    • An alerts system to flag inconsistencies;
    • Database and library functionality that stores and recalls any integrity
    /Public Release.