Malta grants fantasy sports licence to Sportito

Daily fantasy sports provider Sportito had augmented its UK gambling licence with one from the Malta Gaming Authority as it seeks to expand its European footprint.

The company has ambitions in the German market, where it intends to tap into a significant DFS fan base.

Since achieving UK licensing in 2016, Sportito.co.uk has seen a surge in membership of 211 percent year-on-year,thanks to energetic marketing that has included partnership deals with English football clubs, Burnley in the Premier League and Fulham in the Championship league, enabling it to reach an estimated audience of 1.5 million fans.

Players on Sportito can withdraw their winnings with the instant pay out option. Integration with SafeCharge ensures secure transactions, and in addition a collaboration with Boku makes it possible for players to make deposits via mobile devices. Sportito claims it is the first to offer this advanced technology in the European market.

Users do not have to contend with salary cap restrictions in building teams, and can choose top players without having to worry about the budget. Real time data is also available for players to track their teams live.

Riccardo Mittiga, chief executive of Sportito, said in a statement Thursday that there are many DFS business opportunities in Europe, and his company will be considering a number of jurisdictions.

“Fantasy sports is growing really fast in Europe and Sportito aims to be the number one platform,” he said.