Description
Genius Sports is a sports data and technology company that provides data management, video streaming and integrity services to sports leagues, bookmakers and media companies.
In April 2021, Genius Sports completed a business combination agreement with a special purpose acquisition company dMY Technology Group, Inc. II to list on the New York Stock Exchange.
History
Genius Sports was formed in 2016 following a merger between Betgenius, a technology and data supplier to the betting industry, and SportingPulse International, a sports data and software business.
In 2017, Genius Sports acquired Data Project, a volleyball technology provider. In September, the PGA Tour launched a new Integrity Program to "maintain integrity and prevent mitigate betting-related corruption in PGA Tour competitions." Genius Sports was selected to support the PGA Tour through bet monitoring and educational services.
In May 2018, the National Collegiate Athletics Association (NCAA) announced a landmark new statistics initiative for its 1,100 Members alongside Genius Sports. The deal aimed to modernise how NCAA Schools and Conferences harness game statistics to engage fans, drive performance levels and manage their operations. In July 2018, Genius Sports Group was acquired by Apax Partners. In November, Football DataCo, the rights holder of all the professional football leagues in England and Scotland, announced its new integrity strategy alongside Genius Sports and Perform Group. This agreement marked the first time two technology companies had combined to help protect a sport against match-fixing.
In May 2019, Genius Sports struck a deal with the NASCAR stock-car racing association to become the exclusive provider of NASCAR data to licensed sportsbooks around the world. Also in May, Genius Sports announced a deal with Football DataCo to be the official supplier of live data to the global sports betting industry for the Premier League, English Football League and Scottish Professional Football League, replacing the leagues’ previous supplier, Perform Group, which instead agreed to be acquired by investment firm Vista Equity Partners. The multi-year deal will commence with the start of the leagues’ 2019/20 seasons. In July, FIBA, the world governing body of basketball, announced a long-term extension of its 15-year partnership with Genius Sports, providing statistics collection, distribution and competition management to its member leagues and federations. In July and August, Genius Sports partnered with the German Football Association and Superliga Argentina to help protect their competitions from match-fixing and betting-related corruption. In October, Genius Sports announced the acquisition of Oppia Performance, an automated video production and streaming company.
In April 2021, Genius Sports partnered with the National Football League to act as their exclusive distributor of live NFL data and statistics to bookmakers and media companies. This multi-year partnership saw Genius Sports replace the NFL's previous partner Sportradar and also includes the rights to distribute NFL streams and represent its sports betting advertising inventory.
