What Colossus Bets does

Colossus Bets is a privately held, UK-based operator of a sports, racing, and lottery jackpot betting platform, incorporated as ColossusBets Limited and headquartered in London. Founded in 2012, the company is small-scaled, with an 11-50 employee headcount, and targets gaming and lottery operators as its primary customer segment rather than end consumers directly. Its functional offering sits in the B2B lottery betting category, providing products that enable participation in lottery and jackpot formats for downstream gaming operators.

The disclosed product, technology, and pricing footprint in the source data is sparse: no specific products, proprietary features, APIs, integrations, or pricing models are on record, and the firm's own technology stack is not characterized beyond the category label of a sports and racing jackpot company. No distribution or marketing channels are documented, and no major partnerships, awards, certifications, patents, or funding rounds are cited. Customer logos, contracts, and revenue mechanics are likewise not publicly disclosed, limiting any revenue or unit-economics analysis.

ColossusBets Limited's most material observable activity is its involvement in US legal proceedings, where plaintiff Jerry Reed alleged that entities affiliated with the company rigged a Lotto Texas drawing by purchasing nearly all 25.8 million number combinations and collecting an alleged $95 million. The Texas Fifteenth Court of Appeals issued a procedural ruling on February 12, 2026 allowing amendment of petitions for remand, confirming that the company is actively operating and exposed to US-jurisdiction legal risk tied to its lottery product. The firm is classified as operating; ownership structure, investors, and financial performance are not evidenced in the supplied material.

Name

Colossus Bets

Legal name

ColossusBets Limited

Website

https://colossusbets.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Colossus Bets is a London-based private company founded in 2012 that operates a sports, racing, and lottery jackpot betting platform serving gaming and lottery operators. The firm has extended activity into US lottery markets, where it is currently engaged in related legal proceedings.

Ownership category

akta.pro rank

Product category

Sports and Racing Jackpot Betting

NAICS

Other Gambling Industries (713290), Gambling Industries (7132)

akta.pro primary industry

Peer-to-Peer Sports Betting Exchanges (MPAEAIAA)

akta.pro secondary industries

Betting Exchange White-Label & Platform Providers (MPAEAIAH), Draw-Based Lottery Management (Number Games, Keno as Lottery) (MPAEAFAE)

Keywords

• Sports jackpot betting
• Racing jackpot pools
• Lottery betting products
• Pool betting platform
• Gaming lottery solutions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Others

Core offering

Colossus Bets operates a sports and racing jackpot betting business offering pool-stake jackpot products and lottery-style betting solutions. The company designs, runs, and distributes jackpot and pool betting games to gaming and lottery operators, enabling large-prize syndicated wagering on sports and racing events.

Differentiator

Problem solved

Functional benefit

Products and services

• Sports Jackpot Bets Sports-themed jackpot betting pools in which participants predict outcomes of multiple sporting fixtures to share a pooled prize fund. Targeted at gaming/lottery operators and end bettors.
• Racing Jackpot Bets Racing-themed jackpot betting pools built around horse racing and similar race-meet events, with stakes combined into a single large prize pool distributed to winning ticket holders.
• Lottery Betting Products Lottery-style betting products allowing participation in large jackpot draws, including coverage of US state lottery draws such as Lotto Texas. Designed to be delivered through licensed gaming/lottery operators.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights1 record

Direct peers

• Betdaq: Betdaq is a smaller peer-to-peer sports betting exchange, closely comparable to Colossus Bets in scale and exchange-based model. Both target operators and bettors seeking alternatives to the dominant Betfair exchange.
• Smarkets: Smarkets is a peer-to-peer sports betting exchange competing in the same core category as Colossus Bets. Both operate exchange-based wagering on sports and racing; Smarkets is more established in mainstream sports while Colossus specializes in jackpots.
• Jackpot.com: Jackpot.com is a digital lottery courier and lottery betting platform. Directly comparable to Colossus Bets in offering consumers ways to participate in lottery jackpots via online channels, though with a more consumer-facing model.
• Matchbook: Matchbook is a peer-to-peer sports betting exchange offering sports and racing markets. Directly comparable to Colossus Bets as a specialist exchange focused on sports and racing with a similar niche positioning.
• Lottoland: Lottoland is a lottery betting operator that allows customers to bet on the outcomes of international lottery draws, directly comparable to Colossus Bets' lottery betting products. Both operate in the same regulatory and product niche.

Broad incumbents

• Betfair Exchange: Operated by Flutter Entertainment, Betfair is the world's largest peer-to-peer sports betting exchange. Directly comparable to Colossus Bets as a betting exchange, though vastly larger in liquidity, customer base, and product breadth (sportsbook, exchange, casino).
• DraftKings: DraftKings is a leading US sports betting and daily fantasy operator. Comparable to Colossus Bets as a sports betting operator with US market exposure, though vastly larger and broader in product offering (sportsbook, casino, DFS).
• Flutter Entertainment: Flutter is the parent company of Betfair, Paddy Power, FanDuel, and other major gambling brands. Comparable as a parent of the dominant betting exchange (Betfair) that competes directly with Colossus Bets' exchange model.
• Entain: Entain is a major global sports betting and gaming operator (Bwin, Ladbrokes, Coral, PartyPoker). Relevant broad incumbent with sportsbook and exchange-style products, comparable market and customer base to Colossus Bets.
• FanDuel: FanDuel is a major US online sportsbook and casino operator. Relevant peer given overlapping sports betting exposure in the US market where Colossus Bets has documented involvement.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat1 record

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/ColossusBets
• Facebookfacebook.com/SportsBigger
• LinkedInlinkedin.com/company/colossus-bets

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Colossus Bets