Kambi Grants Perpetual Global License for Sportsbook Source Code

Kambi Group has agreed to grant Allwyn a perpetual, global license to its sportsbook source code and provide associated and trading services, the company announced on November 10, 2026. The agreements support Allwyn’s plan to move its sports betting brands onto one platform and bring operation and development of that technology in-house.

The arrangement combines a platform transition with an ongoing services relationship. Kambi will build and train a team that transfers to Allwyn after implementation of the source code, giving the operator full operational control and development capabilities. A separate long-term agreement covers Kambi’s proprietary AI-powered trading and risk-management capabilities. Kambi said that trading arrangement would also strengthen its global network and liquidity pool.

Implementation is scheduled for 2027 through 2029. Kambi said building and training the transferring team would add to its operating expenses during that period, making the handover a delivery commitment for the supplier as well as a technology project for Allwyn.

Payments and Operating Profit Forecast

Based on current assumptions, Kambi expects the agreements to contribute approximately €45–50 million to operating profit during 2027–2031, with around 40% of that contribution recognized in 2027 and 20% in 2028. The forecast includes an upfront payment in early 2027 and milestone payments tied to deliveries in subsequent years.

Kambi said its capital-allocation priorities remain unchanged. It intends to return the majority of net proceeds from the agreements to shareholders while retaining sufficient financial flexibility to continue developing its products and technology.

Kambi CEO Werner Becher described Allwyn’s decision to unify its sportsbook operations on the technology as evidence of the product’s strength and the company’s record of delivering at scale in regulated markets. He also presented the agreements as a route to additional long-term commercial value from capabilities Kambi has already built.

Allwyn’s In-House Technology Strategy

Allwyn is a multinational lottery-led gaming entertainment company listed on Euronext Athens. It holds long-term national lottery licences in Austria, Cyprus, the Czech Republic, Greece and the UK, alongside a sports betting and iGaming presence across multiple markets.

Allwyn Digital CEO Kresimir Spajic said the agreement advances a strategy to own and manage key technology and content capabilities, with the aim of improving product innovation, differentiation and time to market.

Spajic said bringing the sportsbook platform in-house would give Allwyn “greater freedom to evolve our offering, tailor products to individual brands and markets, and build a scalable foundation to accelerate future growth.”

The licensed technology supports multiple brands and regulatory regimes. Kambi said it has powered tier-one operators for more than 15 years and currently serves partners across more than 100 jurisdictions worldwide. Those capabilities align with Allwyn’s effort to place different brands and markets on the same platform.

The critical handover is therefore human as well as technical. Allwyn’s planned control depends on receiving a team trained to operate and develop the platform, while Kambi’s continuing trading role preserves an operational link after implementation. The agreements give Allwyn a path toward internal platform control without ending its technology relationship with Kambi.