World Poker Fund Holdings (WPFH) has acquired a peer-to-peer betting application from DesignTech Software Labs in exchange for 450,000 shares.
WPFH intends integrating the technology into its existing platform, Picking Duck, allowing users to bet directly with and to challenge their friends on the winners of sporting events.
Travis Kasper, chairman and CEO of WPFH, said: “I am really excited about this addition to our growing games and betting applications. Our new peer-to-peer betting technology will become an integral part of the future of sports betting. We are already excitedly discussing the opportunities and possibilities with our entire team.”