Curated News
By: NewsRamp Editorial Staff
February 13, 2026
Slips Secures $3.5M to Revolutionize Peer-to-Peer Betting
TLDR
- Slips' $3.5M funding fuels its peer-to-peer betting platform, offering direct competition against other users rather than the house for a strategic advantage.
- Slips uses its $3.5 million seed funding to scale technology, grow its team, and accelerate user acquisition after achieving 500% year-over-year growth.
- Slips' social-first betting platform fosters real-time connections and competition, enhancing community engagement through online and in-real-life experiences.
- Slips integrates AI-generated prediction markets and geo-located group experiences into its peer-to-peer betting platform for innovative, interactive entertainment.
Impact - Why it Matters
This development matters because it represents a fundamental shift in the sports betting industry toward more social and interactive experiences. Traditional sports betting typically involves users competing against impersonal odds set by casinos or bookmakers, but Slips' peer-to-peer model creates genuine social connections and competitive dynamics among users. For consumers, this means more engaging betting experiences that feel less transactional and more like gaming with friends. The substantial investment and rapid growth indicate strong market demand for this approach, suggesting we may see more platforms adopting social-first models. This evolution could make betting more accessible and enjoyable for casual users while potentially reducing the house advantage that characterizes traditional sportsbooks. As sports betting continues to expand across more states and countries, innovations like Slips' platform could help shape healthier, more community-oriented betting ecosystems that prioritize user experience over pure profit extraction.
Summary
Slips, a pioneering peer-to-peer betting platform, has successfully closed a $3.5 million series seed funding round, marking a significant milestone in its mission to revolutionize the sports betting industry. The investment was led by prominent venture capital firms Las Olas Capital and Sunset Bay Capital, with strategic participation from investor Andrew Schwartzberg. This substantial financial backing will fuel the company's ambitious expansion plans, including scaling its innovative technology platform, growing its team, and accelerating national user acquisition efforts. The funding announcement comes on the heels of impressive 500% year-over-year growth, demonstrating strong market traction for Slips' unique social-first approach to betting.
Unlike traditional sportsbooks where users bet against the house, Slips operates on a peer-to-peer model where players compete directly against each other, creating a more engaging and social experience. The platform offers diverse betting formats including Heads Up matches, Pools, Tourlays, and AI-generated P2P prediction markets, along with geo-located group experiences that blend online and in-real-life interactions. Recent platform enhancements include ACH payout integration for smoother financial transactions and continued development of expanded financial infrastructure. For those interested in the complete details, the full press release is available through InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio that provides advanced wire-grade press release syndication and comprehensive corporate communications solutions.
The company's vision extends beyond traditional betting by creating what it describes as a "social-first environment where users connect, compete, and win in real time." This approach represents a fundamental shift in how people engage with sports betting, transforming it from an individual activity into a communal experience. With this new capital infusion, Slips is positioned to significantly expand its market presence and continue developing innovative features that enhance user engagement. The platform's success signals growing consumer interest in more interactive and socially connected betting experiences, potentially reshaping industry standards and consumer expectations in the rapidly evolving sports betting landscape.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Slips Secures $3.5M to Revolutionize Peer-to-Peer Betting
