The Global Tote is a wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world to participate in a global pool.
International thoroughbred racing fixtures and Greyhound races will be the first pooled products to launch with other racing and sports to follow.
The launch follows third party audits being completed, enabling the UK gaming regulator to issue full approval of The Global Tote’s internal control systems and gambling equipment.
This will allow TopBetta to conduct lawful interactive gaming under its licence enabling punters to bet on The Global Tote through bookmaker partner websites.
The Global Tote is expected to go live on the Ladbrokes.com.au website soon after the launch date, with technology integration by Ladbrokes in its final stages.
TopBetta has also started the licensing process in the U.S. with the North Dakota Racing Commission, where it will be looking to gain a tote operator license.
The Global Tote team will be at the ICE Gaming conference in London talking to operators and racing bodies from all over the world to explain how they will benefit from participating.
TopBetta is well funded with a cash balance of about $3.7 million as at 31 December 2016.