![]() In November 2020, PlayUp raised $25 million to expand into the US, seeking to capitalise on the deregulation of gambling on sports. However, PlayUp may now abandon the US market after it received approaches from a US-listed business to buy those operations, people familiar with the company said. ![]() It had also been negotiating a sale to Sam Bankman-Fried’s FTX before the cryptocurrency exchange, which had said it would invest $US35 million ($51 million) in the company early last year, collapsed in November. PlayUp’s attempts to list on the Nasdaq fell through in January. PlayUp, a fantasy sports gambling outfit once backed by the family of former prime minister Malcolm Turnbull, is searching for investors to back a $10 million capital raise after a failed effort to list in the United States.
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