Racing and Sports announced the signing of a 2-year contract with Picklebet to provide the Company's Risk Managed Trading Service and industry- leading customer-facing content to power Picklebet's Racing product. This will complement Picklebet's existing esports and sports products offering, which is designed to attract a younger demographic. The Risk Managed Trading Service is to be delivered in conjunction with strategic partner, Racebook HQ, which recently signed a Memorandum of Understanding (MoU) with Racing and Sports to provide the trading expertise for the service.

This deal is significant for Racing and Sports as it signals an entry into the risk managed trading space for wagering operators where it believes the point of differentiation will be Racing and Sports' superior technology, data modelling and efficiency. It will provide an alternate option to new and existing wagering operators who are seeking a full turnkey solution to their risk management. The key terms of the agreement are set out in Annexure A.