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Author Topic: Fanpas.com sports betting pre-IPO plan  (Read 1917 times)
steban (OP)
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September 11, 2013, 03:20:48 PM
Last edit: September 11, 2013, 04:12:44 PM by steban
 #21

We just launched fanpas on the Amazon app marketplace and in the Firefox marketplace. Here are the links:

http://www.amazon.com/Fanpas-Soccer-Football-Leagues-Calendar/dp/B00F2IXX1S/ref=sr_1_1?ie=UTF8&qid=1378869454&sr=8-1&keywords=fanpas

https://marketplace.firefox.com/app/fanpas?src=search

We are now working on our Google Plus and Windows app market versions.  We will  not have an  IOS version as Apple wont let us use BTC's to accept the bets.

The next step will be to add the betting system, we will start with something extremely simple. Just one international tournament, you select a match on the calendar and send the BTC's to the Local, Visitor or Tie address. We will manually pay back to the winning addresses as fast as is humanly possible. We will keep our numbers public.

Before we let people use their mobiles to place the bets, we are creating a new desktop version of the site to accept them. No registration needed.

As for the IPO,  once we start accepting and paying bets, we will update you here. If we do go into an IPO we will use the money to establish a company, get a dedicated office and hire local personal to update the DB, take care of our customers, improve the code, and advertise. I don't have any numbers yet, I want to keep it small and simple.


steban (OP)
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September 17, 2013, 10:52:32 PM
Last edit: September 18, 2013, 12:49:22 AM by steban
 #22

After carefully examining the current legal status of sports betting we have decided not to turn on the betting function of our software. We do not have the legal expertise or funds required to make sure we operate under the regulations set by the many countries where our software is used.

We will stick with the idea of creating the most complete, fast and easy to use calendar for sports; and generate revenue based on in app purchases and advertising. If at some point the USA regularizes and allows sports betting we will reconsider this decision.

In a positive note, We just launched Fanpas for Android on Google Play:

https://play.google.com/store/apps/details?id=com.fanpas._&hl=en

And been working on a responsive design version for regular browsers.

Additionally we are considering licensing our software

Thank you to everyone that was supportive on the idea of an IPO and that collaborated with us.
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