Australia’s TopBetta enters US market with 2 new licenses

Aussie sports betting operator TopBetta is setting foot in the United States.

On Monday, the Australian Stock Exchange-listed company announced that its two subsidiaries—TopBetta Pty and The Global Tote—have been granted operational licenses in the United States.

Alderney-based Global Tote has received licensing approval to operate an international tote in the US. The license, according to TopBetta, will allow U.S.-licensed wagering operators to access global pools provided by The Global Tote, as long as the operators have the approvals from relevant racing bodies to offer betting on their racing content.

Meanwhile, the North Dakota Racing Commission has awarded an Advance-Deposit Wagering license to TopBetta, which will allow the company to offer pari-mutuel betting to the U.S. public within the 35 U.S. states, where the license applies and which currently allow online wagering.