Vested Interest #23: Mystery Boxes, Gambling, and $5 Trillion Collectibles Boom

🎙NEXT.io Podcast #23 of Vested Interest with Pierre Lindh, Lloyd Danzig and Benjie Cherniak.In this episode, we discuss the evolving landscape of collectibles and mystery boxes, drawing parallels to gambling mechanics. They explore the regulatory challenges these new products face, the recent shifts in the venture capital landscape, and the current headwinds for North American operators in the gaming industry.⏰ Timestamps:00:00 - Introduction00:43 - Sponsor Messages02:02 - Welcoming Lloyd & Benjie03:06 - Mystery Boxes: Gambling in Disguise?06:26 - Digital Buybacks and Market Liquidity08:44 - Slot Mechanics in Collectibles10:14 - Legal Risks & Regulatory Grey Zones13:38 - Market Volatility & Platform Liquidity15:11 - How Regulated Operators Might React18:14 - Physical vs. Digital Collectibles Landscape20:25 - Scaling Problems: Supply Chains & Pricing24:12 – Why Most Gaming Funding Isn’t Broad-Based26:19 – AngelList Trends & New LP Appetite28:42 – The Category Leader Obsession31:13 – Regulated Operator Headwinds in North America35:44 – Regulatory Moats vs. Challenger Agility38:45 – Long-Term Strategy: Fight or Join?40:31 – Can There Be a National RMG Framework?41:02 – Final Thoughts🔔 SUBSCRIBE TO THE PODCASTYouTube: https://www.youtube.com/@nextdotio/podcasts CONNECT WITH NEXT.IO✩ Website - https://next.io/This episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

In this episode of NEXT In-Depth, host Conor Mulheir explores the growing trend of reselling bets on secondary markets in the US. Guest speaker Travis Geiger, the co-founder and CXO of betting and fantasy sports marketplace WagerWire, explores the emergence of this novel vertical and the driving forces behind why US bettors choose to participate in it. From cultural attitudes towards sports betting to the kinds of bets which attract the most attention for resale, the pair explore the developing trend of bet reselling and how it’s shaping the US market today.

🎙 NEXT.io Podcast #240, Kasra Ghaharian & Simo DragicevicKasra Ghaharian, IGI Director of Research, and Simo Dragicevic , research at AiR Hub, discuss AI in the gaming industry, highlighting the need for trust and benchmarking. They introduce Air Hub, a research hub focused on AI ethics and governance in gaming. Key projects include a state of AI in gaming report, consumer protection measures, and developing benchmarks for AI algorithms, particularly in responsible gambling.⏰ Timestamps:00:00 - Introduction00:42 - Sponsors message03:00 - Reflecting on Predictions from 5 Years Ago05:27 - Introducing AIR Hub: The AI Research Initiative08:42 - AIR Hub’s Flagship Projects13:40 - How regulators can use AI benchmarks16:45 - The full scope of AI in iGaming22:30 - The State of AI in the Industry Today26:30 - Generative AI and infinite content30:02 - The Infinite Slot Era: What Wins When Anything Can Be Built?34:00 - Explainable AI: The Next Essential Layer35:00 - Autonomy, Agents, and the Limits of AI in iGaming38:43 - The Risks of Poor Training Data and Output Guardrails40:48 - Will AI Replace Your Job?46:02 - The Future Vision for AIR Hub49:40 - Final remarks🔔 SUBSCRIBE TO THE PODCASTYouTube: https://www.youtube.com/@nextdotio/podcastsCONNECT WITH NEXT.IO✩ Website - https://next.io/This episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

🎙 NEXT.io Podcast #239, Denys Parkhomenko, CPO at GR8 TechMore features don’t always mean more value. In this NEXT.io Podcast episode, Pierre Lindh sits down with Denys Parkhomenko, Chief Product Officer at GR8 Tech, to unpack why "less but better" is becoming the winning mindset for the next generation of iGaming platforms.With a legacy in B2C and deep experience scaling complex sportsbook products, Denys shares a clear-eyed view on what operators really need from their platforms and what they should avoid at all costs.⏰ Timestamps:00:00 - Intro00:21 - Sponsors message01:38 - Welcoming Denys Parkhomenko02:31 - GR8 Tech’s approach: less but better04:32 - Why sports betting platforms all look the same and how to stand out06:11 - How to stand out in the market09:03 - Balancing client requests with product strategy12:07 - GR8 Tech’s “extendable platform” mindset14:15 - What true scalability looks like in platform infrastructure16:14 - Casino CoPilot, internal automation, and writing code with AI18:01 - How new operators should evaluate platforms19:33 - Why reputation, results, and transparency matter most21:08 - Trust-building through onboarding & long-term collaboration23:52 - Conferences vs coffee lines: where real conversations happen27:25 - What’s next for GR8 Tech🔔 SUBSCRIBE TO THE PODCASTCONNECT WITH NEXT.IO✩ Website - https://next.io/This episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

🎙 NEXT.io Podcast #238 Denis Romanovskiy, Deputy CTO at SOFTSWISSIn this episode, Pierre Lindh is joined by Denis Romanovskiy, Deputy CTO at SOFTSWISS, to unpack the findings from their latest 50-page report and dive deep into the technical, financial, and strategic factors new operators need to consider before launching their brand.⏰ Timestamps:00:00 - Intro02:00 - Why SOFTSWISS released a build vs buy report04:30 - Key findings: who should build, who should buy07:27 - Biggest mistakes new operators make09:35 - Why testing & tracking matter from day one12:33 - When should operators consider building in-house?15:12 - How to choose the right platform partner18:30 - The importance of cultural alignment & service21:16 - Scalability: it’s not just tech, it’s people24:00 - The advantage of ecosystem-level integration28:10 - Products in the SOFTSWISS suite31:04 - Time to market: build vs buy34:06 - What’s next: SOFTSWISS roadmap & modular infrastructure36:00 - AI-generated code and fully autonomous tech teams?38:16 - Closing marks 🔗 Download SOFTSWISS report here: https://www.softswiss.com/reports/igaming-software-development-playbook/🔔 SUBSCRIBE TO THE PODCAST\YouTube: https://www.youtube.com/@nextdotio/podcastsThis episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

🎙 NEXT.io Podcast #236 Sam Sadi, CEO of LiveScore GroupSam Sadi sits down with Pierre Lindh to discuss the challenges and opportunities in the online sports betting industry, emphasizing the need for innovation and strategic advantages to compete with established brands, particularly in regulated markets.⏰ Timestamps 00:00 - Intro00:17 - Sponsors message01:38 - Sam’s 30-year journey03:31 - Building Bwin Interactive Entertainment06:07 - The origins of LiveScore09:58 - Why LiveScore launched its own sportsbook15:27 - Competing in the UK18:00 - Why most media-betting integrations fail20:32 - Simplicity vs complexity: is betting too confusing for new users?23:35 - Why customers adapt faster than you think25:31 - Why niche sportsbooks rarely succeed in regulated markets29:58 - DFS as the starting point33:11 - LiveScore’s product philosophy: match 80%, innovate the rest34:37 - The capital and access problem in U.S. regulation37:18 - Trend 1: Southeast Asia’s unspoken potential44:49 - Trend 2: The real AI transformation57:30 - Trend 3: Innovation vs Incrementalism01:09:54 - Trend 4: The black market problem01:21:41 - Can cutting off suppliers beat the black market? Why it’s short-term thinking01:26:34 - Why the industry’s future might mirror the AI arms race01:32:04 - Closing remarks🔔 SUBSCRIBE TO THE PODCASTYouTube: https://www.youtube.com/@nextdotio Apple: https://podcasts.apple.com/us/podcast/next-io-podcast/id1515442333CONNECT WITH NEXT.IO✩ Website - https://next.io/This episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

🎙NEXT.io Podcast #22 of Vested Interest with Pierre Lindh, Lloyd Danzig and Benjie Cherniak.From summer slumps to AI disruption, the trio returns to unpack three high-stakes themes shaping the future of gaming startups:👇 Here’s what they cover:- How to keep growing through the summer slowdown- Why skill-based games are booming (again) and what’s different this time- The state of affiliate businesses and how AI, SEO, and chatbots are reshaping the model⏰ Timestamps:00:00 - Intro00:18 - Sponsor messages01:38 - Welcoming Benjie and Lloyd02:10 - Can you grow during summer? Founders vs. excuses07:42 - How NEXT.io handles seasonality with strategic summer planning13:52 - Skill-Based Gaming14:30 - The evolution and new wave of real-money skill games16:21 - Triumph, FanDuel, Bring It On and global market potential22:14 - Regulatory arbitrage and go-to-market benefits24:44 - What happens when operators join in? M&A and mainstream interest26:58 - The Affiliate Collapse27:35 - Market dip, SEO crashes & winners like Gambling.com31:04 - Fewer state openings, changing user behavior32:52 - Why SEO isn't enough anymore 35:56 - Lessons from Catena Media and the danger of single-market bets39:29 - What affiliate SEO looks like in the LLM era40:44 - Final thoughts 🔔 SUBSCRIBE TO THE PODCASTYouTube: https://www.youtube.com/@nextdotioCONNECT WITH NEXT.IO✩ Website - https://next.io/This episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

🎙 NEXT.io Podcast #236 with Kyle Welcher, CEO of TESTAKyle Wiltshire has spent over 15 years embedded in Asia’s iGaming infrastructure. In this episode, hosted by Pierre Lindh, he shares what it really takes to succeed in Southeast Asia, a region full of opportunity, complexity, and massive cultural nuance.⏰ Timestamps00:00 - Intro 00:33 - Sponsors message01:48 - Welcoming Kyle Wiltshire04:44 - Kyle’s background & the origin of TESTA08:41 - How iGaming evolved in Asia10:22 - Cultural differences SEA13:01 - First entry into the market tips 22:09 - Etiquette, hierarchy & saving face26:14 - Doing business as a woman in SEA28:54 - Contracts, negotiations & expectations31:53 - The importance of senior leadership in SEA sales34:35 - SEA: country-specific breakdowns41:01 - Regulation outlook: where is SEA heading?42:18 - Player psychology & live casino dominance44:33 - Infrastructure challenges in the region46:51 - What TESTA does & how they help operators adapt51:19 - Macro view: will Asia dominate the global economy?53:36 - Closing remarks🔔 SUBSCRIBE TO THE PODCASTYouTube: https://www.youtube.com/@nextdotio CONNECT WITH NEXT.IO✩ Website - https://next.io/This episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

🎙 NEXT.io Podcast #236 Sam Sadi, CEO of LiveScore GroupSam Sadi sits down with Pierre Lindh to discuss the challenges and opportunities in the online sports betting industry, emphasizing the need for innovation and strategic advantages to compete with established brands, particularly in regulated markets.⏰ Timestamps:00:00 - Intro00:17 - Sponsors message01:38 - Sam’s 30-year journey03:31 - Building Bwin Interactive Entertainment06:07 - The origins of LiveScore09:58 - Why LiveScore launched its own sportsbook15:27 - Competing in the UK18:00 - Why most media-betting integrations fail20:32 - Simplicity vs complexity: is betting too confusing for new users?23:35 - Why customers adapt faster than you think25:31 - Why niche sportsbooks rarely succeed in regulated markets29:58 - DFS as the starting point33:11 - LiveScore’s product philosophy: match 80%, innovate the rest34:37 - The capital and access problem in U.S. regulation37:18 - Trend 1: Southeast Asia’s unspoken potential44:49 - Trend 2: The real AI transformation57:30 - Trend 3: Innovation vs Incrementalism01:09:54 - Trend 4: The black market problem01:21:41 - Can cutting off suppliers beat the black market? Why it’s short-term thinking01:26:34 - Why the industry’s future might mirror the AI arms race01:32:04 - Closing remarks🔔 SUBSCRIBE TO THE PODCASTYouTube: https://www.youtube.com/@nextdotioCONNECT WITH NEXT.IO✩ Website - https://next.io/This episode of NEXT.io is brought to you by:Pragmatic Solutions – Leading iGaming platform technology.https://pragmatic.solutions/Pragmatic Play – Industry-leading content provider.https://www.pragmaticplay.com/en/

M&A activity continues to have a huge impact on the iGaming sector, and acquisition news never fails to grab people’s attention. But what happens after the negotiations are finished, the money is handed over, and the deal is complete? The truth is, that’s when the real work begins. In this episode of NEXT In-Depth, host Conor Mulheir asks EveryMatrix CEO Ebbe Groes to explain how his company has integrated recent acquisitions — like FSB Technology, Fantasma Games and DeepCI — in order to deliver a return on its investments. Groes explores what has gone well (and what hasn’t) when integrating these businesses into his own, and gives a teaser of where EveryMatrix’s appetite for acquisition could go next. Don’t miss out on the first of this two-part special on the art of integrating acquired businesses!