Golden Matrix (US:GMGI) Globenewswire·2025-12-26 15:08Core Insights - Meridianbet, a subsidiary of Golden Matrix Group Inc., has launched Flash Bet, an instant sports simulation feature that allows players to simulate outcomes of real sports events with results delivered in seconds [1][2] Company Overview - Meridianbet Group, founded in 2001, operates in 18 jurisdictions across Europe, Africa, and South America, utilizing proprietary technology and scalable systems for its online sports betting and gaming operations [5] - Golden Matrix Group, based in Las Vegas, operates globally through B2B and B2C divisions, including Meridianbet, which is a leading sportsbook licensed in multiple regions [6] Industry Insights - The global virtual sports betting market is valued at $12.68 billion in 2024 and is projected to reach $44.52 billion by 2032, growing at a compound annual growth rate of 17% [3] - Flash Bet differentiates itself from traditional virtual sports products by simulating outcomes of actual scheduled sporting events, enhancing player engagement during off-peak hours and between major sporting events [2][3] - The phased rollout of Flash Bet across Meridianbet's operational footprint allows the company to gather player behavior data and optimize user experience before broader deployment [4]