A Wagering Platform Built For The Modern User

INVEST IN SPARKET: THE SOCIAL BETWORK™ TODAY!

Sparket has created The Social Betwork™, an innovative igaming platform helping our operating partners grow their live event wagering volume and reach. We provide a bet-on-anything platform allowing users to place bets within their communities (Betworks), from professional sports to e-sports, reality TV, award shows, golf tournaments, and more. We are currently in-market with our preliminary free-to-play partnerships and approaching Gaming Labs International (GLI) certification 33, which is a major milestone towards regulatory approvals for future real money wagering software. Our technology is patent pending with the USPTO, and is built with an eye on integrating Web 3.0 and blockchain technologies by decentralizing the entire wagering process. This will enable trusted users to provide event metadata and confirm outcomes as we pursue our mission to democratize live event wagering.
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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Sparket: The Social Betwork™

Reasons to Invest

  • Our platform appeals to broad audiences with user-friendly design and the ability to customize bets against your community (rather than the house), improving the experience for our users. 


  • In 2018, the Supreme Court overturned the ban on sports betting, and since then it has become legal in 34 states and people have wagered over $100 billion (Source | Source).


  • As our free-to-play partnerships gain traction and generate revenue, we have already set up contracts with major wagering businesses, including a year-long engagement with Cahuilla Casino.




OVERVIEW


A Revolutionary Platform Facilitating Live Event Wagering


We built The Social Betwork™, our proprietary pool-wagering system, as a B2B igaming service for our operating partners. Our vision is to help wagering businesses differentiate their products through our customizable platform to expand their reach in the new golden age of sports betting. We are moving beyond traditional sports to underserved demographics by including betting for esports tournaments, private golf events, and reality TV shows.

The Problem & our Solution


Bringing Legalized Sports Betting To New Users


Even as sports betting expands, existing sportsbook platforms underserve significant demographics. We're seeing users often jump from app to app with limited loyalty. In addition, these platforms are not intuitive for new users at a time when many people will engage with sports betting for the first time.


We are democratizing live event wagering by having users bet against the community rather than the house, which holds more appeal for first-time wagerers. Instead, we generate revenue by taking 1% of all bet volume (handle) coming through our platform, plus software and licensing fees. Our platform is designed with no barriers to entry for new users and customizability to help our operating partners differentiate their products. With our self-setting odds system, the operator simply takes a commission on all bets rather than taking exposure on the action.


Any business that is looking to build a community, grow their audience, and deepen their brand loyalty can do just that by choosing Sparket.

The Market & our traction


A Massive Emerging Market and Strong Partnerships

Source | Source


Since the Supreme Court overturned the federal ban on sports betting in 2018, there has been over $100 billion wagered in legal sports betting (Source). In only a few years, the market has grown from only Nevada to 34 states, with major market opportunities in states like Ohio and California, still yet to come online (Source).


We've already had initial proof of concepts in private beta with thousands of users via free-to-play contests in partnership with casinos, golf clubs, and esports tournaments. Our successful trial event at the Cahuilla Casino led to a year-long contract. We've already achieved our first month of 5-figure revenue (August 2022) even before launching our real money partnerships. We also completed the UCLA Venture Accelerator program at the Anderson School of Management.

why invest


Building the Future of Sports Betting


Our patent-pending technology has been tested and we have contracts in place with operating partners, putting us in the position to potentially go live for real money wagering with our expected GLI 33 Certification. We believe this will allow Sparket to become one of the only certified sportsbook technology of its type. We envision Sparket paving the way forward in the newly legalized multi-billion dollar sports betting market, and we've built our platform with an eye on Web 3.0 and blockchain to take advantage of future growth opportunities. Join us, as we democratize the live event wagering industry!

Bold (⌘B)

ABOUT

HEADQUARTERS
8 The Green, STE A
VALUATION
$13.21M

Sparket has created The Social Betwork™, an innovative igaming platform helping our operating partners grow their live event wagering volume and reach. We provide a bet-on-anything platform allowing users to place bets within their communities (Betworks), from professional sports to e-sports, reality TV, award shows, golf tournaments, and more. We are currently in-market with our preliminary free-to-play partnerships and approaching Gaming Labs International (GLI) certification 33, which is a major milestone towards regulatory approvals for future real money wagering software. Our technology is patent pending with the USPTO, and is built with an eye on integrating Web 3.0 and blockchain technologies by decentralizing the entire wagering process. This will enable trusted users to provide event metadata and confirm outcomes as we pursue our mission to democratize live event wagering.

TEAM

Aaron Basch
Aaron Basch
CEO, Treasurer, Director

Aaron Basch earned his bachelor’s degree in mathematics and computer science, and a master’s degree of education in mathematics from UC San Diego. After working with Math for America as a mathematics teacher for five years, he went back to school to earn his master’s degree of financial engineering from UCLA. Prior to Sparket, Aaron served as the executive director of risk and finance at MotoLease, an alternative vehicle financing company. Mr. Basch is a proven financial operations manager who improves processes and systems through data driven initiatives to increase productivity, revenue, and margin in a fast-paced working environment. Aaron is both a sports and esports fan, he played collegiate level sports and has been top ranked in multiple esports games. He has also built and operated his own ethereum blockchain rigs in his office.

Evan Fisher
Evan Fisher
COO, President, Director

Evan Fisher spent 8 years at Google, focusing on product user experience, as part of a startup in Google X, and previously leading a team of finance professionals. Prior to Google, Evan received his MBA from Columbia University with an emphasis on Entrepreneurship and Finance. He began his career in the energy industry after completing undergrad at USC. Evan’s skillsets lie in product / program management, having driven complex initiatives to completion and leading large teams. He also has a keen mind for statistics and operations. Evan is a huge sports fan and enjoys playing tennis, chess, and basketball in his free time. 

Alex Ispa-Cowan

Alex Ispa-Cowan

Senior Software Engineer

Alex is a senior software engineer based out of Puyallup Washington. Alex has been in software development for over 7 years with full stack experience and an expertise in Javascript React. He is passionate about the Sparket mission, helping build it from scratch from an idea to a platform that has served major partners. In his spare time you might find him hiking, biking, snowboarding, or one of his biggest passions: playing guitar.    

Matt Brown

Matt Brown

Creative Director

Matt is an award-winning art director, designer and illustrator whose work can be found throughout the United States, Canada and the EU. Whether it’s a nation-wide ad campaign, apparel in NBA, NHL or MLB stadiums, packaging on national retailer shelves or artwork displayed in galleries, chances are you’ve seen a glimpse of Matt somewhere. Throughout his career, Matt has cultivated a valued list of clientele that includes: Disney, Activision/Blizzard Entertainment, PetCo, Home Depot, 20th Century Fox, Cartoon Network, Nintendo of America, numerous professional sports franchises.

Cisco Arias

Cisco Arias

Technical Advisor

Cisco is a veteran of the silicon beach start-up scene, working on the technical side of start-ups right since 2010. Cisco loves solving problems and circumscribing his architecture with the reactive manifesto. He's an expert bringing business ideas into software. He previously worked at Docstoc which he helped build into a company that was acquired by Intuit.

Sally Bernard

Sally Bernard

Advisory Board, Business Development

Sally is a Tasmanian born, Australian native, who landed in Las Vegas over two decades ago and has never looked back. Since then she has built an abundant network of trusted business relationships, and the fortunate opportunity to master gaming technology sales during her corporate tenures with gaming giants such as IGT and Konami. In her free time, Sally is creating/collecting NFTs, investing in Crypto and dabbling in 3D printing. She now owns and operates 2 businesses, and is on the Sparket Advisory Board for Business Development.

Loren Gill

Loren Gill

Advisory Board Member

Loren Gill is the Founder and CEO of LD2G Enterprises, LLC and the leader of multiple businesses including hospitality & gaming consulting and advisory services, business development partnerships, and equestrian related ventures. Prior to launching his own entrepreneurial enterprises, Gill served as the Chief Executive Officer for San Manuel Band of Mission Indians – a federally recognized tribe located in Highland, California and spent 25 years, in various locations across the United States in the gaming and hospitality industry.

Michelle Gerson

Michelle Gerson

Advisory Board Member

An accomplished Marketing Leader with entrepreneurial experience, Michelle has 12+ years in driving high-impact B2B and B2P demand generation marketing programs for tech companies like FloQast, MomentFeed, CHD Expert, and Hydropoint, and consumer brands like Sprint, IBM, Cambro Manufacturing, Volvo CE, Diageo, Equis Staffing, and others. She has a proven track record in driving sales and organizational growth among client businesses by introducing programs that generate and close leads, both domestically and globally, in multiple languages via multiple channels. Michelle has been honored as a Top 50 Women Leaders in SaaS by the Software Report.

Marcus Yoder

Marcus Yoder

Advisory Board Member

Marcus has top executive-level experience including Chief Commercial Officer for a gaming technology company, COO and co-founder of social media startup; executive director-level roles for software companies; and senior manager for Big Four consulting firm. Expertise in leading companies into new global markets. Highly customer-focused as a senior business strategist—driving corporate revenue, building strategic alliances, innovating marketing and product campaigns, and negotiation/diplomacy with government entities and key stakeholders.

Blue Quisquis

Blue Quisquis

Advisory Board, Native American Relations

Highly accredited Strategic Advisor, CIO, and Economic Self-Sufficiency Advocate with over 20+ years of collective experience. Blue holds a strong leadership background in diverse fields, including Technology, Entertainment, Food, Indian Gaming, Native American Cannabis and Hemp, Economic Development, and Education, and my actionable efforts all stem from my rooted passion for instilling positive community transformations that future generations can benefit from. Due to career commitments and large certificate inventory involving management, commissioning, innovative technology, surveillance, and entrepreneurship, he has received awards and has been on several media interviews such as the Indian Country Today Media Network and the Robin Swan Show.

Dane Henderson

Dane Henderson

Advisory Board

Dane started his career in the esports and gaming Industry in the early 90's at Westwood Studios, Sony Computer Entertainment, and Midway. Running game tournaments has given him experience promoting and marketing a variety of events that include comedy shows, concerts, and even charity events at The Autism Tree Project. In addition to his work at San Diego State University, he’s also a board member at the Institute for Education, Research, and Scholarships, a nonprofit public charity organization dedicated to changing the world for the better through education.

Ilia Bulavintsev

Ilia Bulavintsev

TL. Software Engineer

Sparket’s resident tech geek has extensive experience in software development including as a Sr. Software Developer at Alibaba group. Ilia uses his expertise in Golang to create robust and secure backend systems. He loves building products that make users’ lives easier and adds fun to their day.

Rael Enteen

Rael Enteen

Strategic Advisor

Rael serves as the Vice President of Content at the Washington Commanders NFL team. He is an established digital and social media professional with management skills, extensive sports knowledge and experience as a writer, editor, web producer and content strategist. Demonstrated ability to significantly improve web traffic, social media reach/engagement and content monetization. Real is an experienced international public speaker with stops in London, Dubai, New York and San Francisco.

Andrew Brandt

Andrew Brandt

Technical Advisor

Andy is a results-focused Technology Leader with proven history of facilitating successful product development efforts and getting products to market. Over 20 years of software development experience, with a particular expertise in developing enterprise systems and real-time transactional platforms. As a technology executive, been involved in IPOs for three separate software companies. 

Robin Richards

Robin Richards

Advisory Board

Robin is a serial entrepreneur, startup investor, and philanthropist. His impressive career includes founding Lexi International Teleservices, founding president and BOD MP3.com, CEO Vivendi Universal Net USA, and founder of 6 other campanies. He advises Sparket and their founders on entrepreneurial matters.

John Wholihan

John Wholihan

Advisory Board

John was one of Sparket's initial advisors. As the Director of Marketing at Kentucky Downs, John has experience improving casino marketing, operations, guest service, incremental revenue, and EBITDA. He has more than 15 years of Las Vegas, Tribal, destination, and local property experience. He serves as an advisor to Sparket.

Chris Pigozzi

Chris Pigozzi

Marketing Team Business Advisor

Possessing an unwavering passion for public relations and sports, Chris found a unique and exciting opportunity on board the marketing team at Sparket. Ever vigilant for both professional and social synergies, Chris leaves no stone unturned when it comes to the maintenance and development of The Social Betwork™️.

TERMS

Sparket: The Social Betwork™
Overview
PRICE PER SHARE
$1.25
DEADLINE
Dec 29, 2022
VALUATION
$13.21M
AMOUNT RAISED
$111,292.71
Breakdown
MIN INVESTMENT
$250.00
MAX INVESTMENT
$1,250,000.00
MIN NUMBER OF SHARES OFFERED
8,000
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
1,000,000

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Sofabet Co.

Corporate Address

:

8 The Green, STE A, Dover, DE 19901

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,250,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

8,000

Maximum Number of Shares Offered

:

1,000,000

Price per Share

:

$1.25

Pre-Money Valuation

:

$13,205,312.50











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based:

Friends and Family Early Birds

Invest within the first 72 hours and receive 15% bonus shares

Super Early Bird Bonus

Invest within the first week and receive 10% bonus shares

Early Bird Bonus

Invest within the first 2 weeks and receive 5% bonus shares


Amount-Based:

$1,000+ | Social Betwork™ Champions

Invest $1000+ and receive branded Sparket: The Social Betwork™ swag and a virtual avatar upgrade (anticipated in 2023).

$5,000+ | Sparket Group Admin

Receive a custom branded group within the Sparket web application where you are the admin: invite your betwork and set up customized wagering pools. Includes admin console analytics.

$10,000+ | Premium Investors Club

Join our existing $10k+ investors with quarterly access to our founding team, input on product direction, and roundtables to shape the direction of the company

$25,000+ | Diamond Investors Club

Access to all of the above perks plus an additional 5% bonus shares


Loyalty Bonus:

Existing platform users will receive 5% bonus shares.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.


The 10% StartEngine Owners' Bonus

Sparket: The Social Betwork (TM) will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.25 / share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares for $125. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Existing platform users bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative. Vendor payments.










PRESS

Article Image
Sparket Inks Strategic Partnership with USBookmaking

Nevada-based USBookmaking inked a strategic partnership with Sparket, an innovative sports betting application. Announced on Tuesday this week, the partnership seeks Omni-channel user engagement, including pari-mutuel sportsbook for esports wagering, and more.

Article Image
Xpoint appointed as Sparket’s geolocation partner

The partnership will allow Sparket to provide its patent-pending Social Betwork software in a regulated, secure digital environment that meets all state and federal regulations, while also ‘turning the geolocation digital utility into an asset that generates value’.

Article Image
Cahuilla Casino Hotel early adopter of the Social Betwork™ for the Big Game

The innovative Cahuilla Casino and Hotel has partnered with Sparket's Social Betwork™software to offer free to play wagering pools for the Big Game. Users can participate online leading up to the event and in person on gameday. Sparket offers select partners its software via multiple channels.










ALL UPDATES

12.07.22

Democratizing Live Event Wagering via The Social Betwork™

A big part of Sparket's mission is to help make live event wagering more accessible to demographics who haven't traditionally participated as strongly in the industry. For example, females make up 47% of all sports fans but only 31% of sports betting customers (source); and Gen Z identifies more strongly with esports than earlier generations (source). With our bet on anything platform we're able to customize social betting pools for any community. In addition to traditional sports, we've done everything from partnering with influencers on Bachelorette pools, to esports tournaments and private golf club events. We're always humbled when our name comes up across the industry, and just this week Sparket was referenced on a Kinectify compliance podcast with Lauren Lemmer (Director of Compliance, Fanatics) speaking about the value of attracting broader demographics. If you're interested in learning more, give it a listen at around the 39:00 mark. 

12.05.22

Sparket Achieves Key Milestones in October and November

Since launching on StartEngine, Sparket has achieved key milestone across product, partnership, and investment. Please see below for a recap of the last two months:

  • Partnership agreement signed with Station Casinos (NASDAQ: RRR) to integrate into their 1m user platform (press)
  • GLI 33 Sportsbook certification (press) (case study
  • 2022 G2E Innovation Challenge Winner (previous finalist at SBC Americas, Sigma Americas)
  • Reached over $100k raised on StartEngine with support from 46 investors
  • Launched key product updates covering enhanced social features, login flow, and automated notifications
  • Achieved our second month of 5 figure revenue, with additional partnerships in the pipeline (stay tuned!) 

Thank you for your ongoing support -- feel free to reach out in the comments section with any questions.


11.28.22

Sparket's campaign reaches $100k raised!

As we pass the key $100k milestone we want to give a huge thank you to our growing investor community! We're thrilled with our progress on StartEngine and look forward to gaining even more momentum as we head into December. If you haven't invested yet, now's your chance to grab a piece of the Social Betwork™. If you're already in, consider sharing this opportunity with your network.


Go Sparket!

11.23.22

Sparket Featured in GLI Case Study

More exciting news as Sparket was recently featured by Gaming Labs International (GLI) as a case study for event wagering systems! The article outlines how Sparket was able to achieve this major technical milestone and subsequently land a major partnership with Station Casinos. You can check out the article here:

https://gaminglabs.com/sparket-customer-case-study

11.18.22

Featured on The Betting Startups Podcast

Recently, our CEO Aaron Basch and COO Evan Fisher were featured on The Betting Startups Podcast! They discussed the recent win at G2E's Innovation Challenge, a history of the company, the GLI certification process, goals for the future, and more. Give the podcast a listen at the link below:

https://www.bettingstartups.com/ep-47-aaron-basch-evan-fisher-sparket/

11.04.22

October Product Release Updates

Following our successful GLI Certification in September and major partnership announcement with Station Casinos, the Sparket engineering team has been able to shift focus from the regulatory and compliance features required for GLI to significant user experience upgrades. We're excited to share our latest release notes below. You can test them out live for yourself at www.sparket.app. Please feel free to leave any feedback or suggestions in the comments.


Optimized Login Flow

  • Redesigned to streamline process via code entry instead of link

  • Minimized profile information required and hard redirect in favor of simple username entry

  • Auto popup of Join group modal upon sign in and attempting to place a bet

  • Min age customization by group to support different client requirements (i.e. 18+ vs 21+)


Automated Notifications

  • Users can now receive automated email notifications for a variety of purposes, including login, profile updates, password changes, and winning/losing bets

  • Users can change notification settings within their profile page


Update Social Sharing

  • Built link shortening service for in-app social sharing buttons

  • Links contain referral information to identity referring user, group, and medium

  • Refer a friend feature stores who referred you in our database if you click on a friend’s social sharing link. 

    • Can be upgraded to trigger referral bonuses automatically with a little more dev work in the future. 

  • Updated page for embedded browsers which redirects users to a secure browser via ‘copy link’ functionality


Misc

  • Updated Users page of admin console to display additional information including email address, external_id, available balance, and pending bets balance

  • Add/Remove funds accepts decimal values

  • Improved Pagination on Admin Console

10.24.22

Watch our CEO Pitch LIVE Tonight at Google

Tonight, our CEO Aaron Basch will be pitching among 10 companies selected as finalists of the UCLA Anderson Venture Accelerator Showcase. The event will be hosted at the iconic Spruce Goose Google office in Playa Vista, CA in front of a community over 100 people. Tune into the LiveStream tonight from 5:00pm - 6:30pm PT to watch. He will be be the 10th and final company to pitch during the event.

10.21.22

Insider Investment Notice

We’re pleased to see our community come in and invest in Sparket: The Social Betwork™. Thus far our Insiders have invested a total of $750 into the offering.  We hope you join as well! 

Please refer to the Company’s offering materials for further information and refer to the Company’s Risk Factors.

10.17.22

Sparket Wins Big at the G2E Innovation Challenge!

Sparket is the winner of the Global Gaming Expo Innovation Challenge! The G2E Innovation Challenge is a start-up competition in Las Vegas that connects innovators, funders, and other gaming industry stakeholders. This was a chance for early-stage companies to engage the global gaming industry at G2E with live pitches in front of a distinguished panel of judges who include investment, VCs, and industry influencers. Sparket made the final 5 companies selected to pitch at the event, and won the most votes from the audience. This victory at one of the largest igaming conferences in the country comes with a $12k prize pool and helps Sparket continue to capitalize on their recent momentum. 

 

10.11.22

Sparket is live at G2E!

Sparket is in full force this week at the Global Gaming Expo in Las Vegas, one of the preeminent iGaming conferences in the world. With our fresh news of GLI Certification and our major partnership with Station Casinos, we'll be meeting with many of the biggest names in the industry to demonstrate how our technology can add a new layer to their sportsbook or iCasino. Our CEO will also be pitching as a finalist at the Innovation Challenge, having been selected from numerous applicants. 

Let's go Sparket!










Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Sparket: The Social Betwork™.

$250.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$1,000.00

Social Betwork™ Champions

Invest $1000+ and receive branded Sparket: The Social Betwork™ swag and a virtual avatar upgrade (anticipated in 2023).

$5,000.00

Sparket Group Admin

Receive a custom branded group within the Sparket web application where you are the admin: invite your betwork and set up customized wagering pools. Includes admin console analytics.

$10,000.00

Premium Investors Club

Join our existing $10k+ investors with quarterly access to our founding team, input on product direction, and roundtables to shape the direction of the company.

$25,000.00

Diamond Investors Club

Access to all of the above perks plus an additional 5% bonus shares.

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

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Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.