- fuboTV Inc., a sports-first live TV streaming platform, acquired Balto Sports, a company that develops tools for users to organize and play fantasy sports games
- The acquisition marks fuboTV’s first move into the online sports wagering market, which expected to reach $155 B by 2024 according to Zion Market Research
- The company also intends to leverage its own proprietary technology along with Balto’s contest automation software to launch a free to play gaming offering
- Balto’s team will join fuboTV and will be instrumental in driving the company’s expansion into both free to play gaming and online sports wagering
- Balto Sports is a Y Combinator company that develops tools for users to organize and play fantasy sports games
- The company merged with FaceBank Group in April 2020 to create a digital entertainment company
