Kambi signs source code licensing and trading agreement with Allwyn

Kambi has signed an agreement with Allwyn that has been described as groundbreaking. The deal covers the licensing of the sportsbook source code and a long-term trading services partnership.

Allwyn will use Kambi's sportsbook source code as the technological foundation for bringing its brands together on a single platform. This transition is supported by a multi-year implementation program running until 2029. Kambi will also provide its AI-powered trading and risk management technology under a long-term service contract that is separate from the license.

Werner Becher said the agreement is about more than a single source code transaction. According to Becher, the deal demonstrates the commercial value of the technology Kambi has developed over more than 15 years and offers the chance to gain more value from these capabilities through selective partnerships in the future.

Becher said Kambi's platform, which can operate across different brands, channels and regulatory environments, currently serves partners in more than 100 jurisdictions. He viewed Allwyn's choice of this technology as a strong endorsement of both the product and the expertise behind it.