Rivalry Corp ( (TSE:RVLY) ) Unveils Update

Rivalry Corp has introduced the Solana-based cryptocurrency $TRUMP as a payment method on its platform, becoming the first betting operator to accept it.

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Rivalry Corp ( (TSE:RVLY) ) stock rose sharply on Wednesday after the online betting operator announced the integration of Solana-based cryptocurrency $TRUMP as a payment method on its platform, becoming the first betting operator to accept it.

The integration of $TRUMP, coinciding with the U.S. Presidential Inauguration, aligns with Rivalry's strategy to capitalize on key cultural moments and expand its crypto gambling offerings, further strengthening its market position and enabling exclusive rewards to users.

Moreover, the acceptance of $TRUMP into the Rivalry ecosystem highlights the company's commitment to a crypto-first approach, facilitating broader engagement with its user base and continuing Rivalry's strong growth trajectory within the crypto gambling segment.

A Deeper Dive Into Rivalry Corp A leading sport betting and media company, Rivalry Corp is focused on providing regulated online wagering on esports, traditional sports, and casino games, catering specifically to the digital generation.

Headquartered in Toronto, the company boasts a global presence, operating in over 20 countries worldwide and holding an Isle of Man license since 2018. Rivalry is also known for its innovative approach within the online gambling sector, notably leveraging a native crypto token and strong brand positioning to cater to digital-first users.

YTD Price Performance: 0.0%

Average Trading Volume: 55,391

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$17M

For a thorough assessment of RVLY stock, visit TipRanks' Stock Analysis page