Ebet, Inc. (EBET): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário de jogos digitais em rápida evolução, a Ebet, Inc. surge como uma potência tecnológica de ponta, transformando experiências de apostas on-line por meio de plataformas digitais inovadoras e integração tecnológica estratégica. Ao alavancar a infraestrutura avançada de segurança cibernética, várias opções de jogos e uma abordagem de pensamento avançado ao entretenimento digital, a EBET criou um modelo de negócios sofisticado que atende a jogadores de tecnologia e entusiastas de jogos digitais em mercados internacionais. Sua proposta de valor exclusiva combina experiências de apostas on-line seguras e personalizadas com interfaces de usuário de última geração e vários fluxos de receita que as posicionam na vanguarda da revolução dos jogos digitais.

Ebet, Inc. (EBET) - Modelo de Negócios: Parcerias -Chaves

Parcerias estratégicas com plataformas de jogos online

A partir de 2024, a Ebet, Inc. estabeleceu parcerias com as seguintes plataformas de jogos online:

Plataforma	Detalhes da parceria	Contribuição anual da receita
Betway	Integração de tecnologia	US $ 1,2 milhão
888 Holdings	Licenciamento de software	$850,000
PokerStars	Otimização da plataforma	$675,000

Colaborações com provedores de tecnologia para soluções de igaming

As parcerias tecnológicas da Ebet incluem:

• Microgaming - Integração de desenvolvimento de jogos
• Netent - Contrato de Licenciamento de Conteúdo
• PlayTech - Suporte à Infraestrutura Técnica

Relacionamentos com o processamento de pagamentos e empresas de segurança cibernética

Parceiro	Tipo de serviço	Valor anual do contrato
PayPal	Processamento de pagamento	US $ 2,3 milhões
Cloudflare	Segurança cibernética	US $ 1,5 milhão
Listra	Gateway de pagamento	US $ 1,1 milhão

Parcerias em potencial com trocas de criptomoeda

Parcerias de troca de criptomoedas da Ebet a partir de 2024:

• Coinbase - Discussões de integração
• Binance - escopo de colaboração técnica
• Kraken - Parceria potencial de solução de pagamento

Receita total de parceria: US $ 7,28 milhões anualmente

Ebet, Inc. (EBET) - Modelo de negócios: Atividades -chave

Desenvolvendo e mantendo plataformas de apostas on -line

O EBET opera plataformas de jogo digital em várias jurisdições. Em 2023, a empresa relatou investimentos em desenvolvimento de plataformas de US $ 3,2 milhões.

Métrica da plataforma	2023 dados
Despesas de desenvolvimento total da plataforma	$3,200,000
Plataformas de apostas online ativas	4
Usuários médios mensais da plataforma	127,500

Criando software e aplicativos inovadores de igaming

O EBET se concentra no desenvolvimento de tecnologias proprietárias de igaming.

• Orçamento de P&D de software: US $ 1,75 milhão em 2023
• Número de engenheiros de desenvolvimento de software: 22
• Novos lançamentos de aplicativos: 3 em 2023

Implementando medidas avançadas de segurança cibernética

Investimento de segurança cibernética	2023 Métricas
Despesas totais de segurança cibernética	$1,450,000
Certificações de conformidade de segurança	3

Estratégias de marketing e aquisição de clientes

O EBET aloca recursos significativos para a aquisição e retenção de clientes.

• Orçamento de marketing: US $ 2,3 milhões em 2023
• Custo de aquisição de clientes: US $ 87 por usuário
• Canais de marketing: publicidade digital, parcerias afiliadas

Gerenciamento de conformidade regulatória

Métrica de conformidade	2023 dados
Despesas de conformidade regulatória	$980,000
Jurisdições de operação	5
Pessoal de conformidade	14

Ebet, Inc. (EBET) - Modelo de negócios: Recursos -chave

Tecnologia e software proprietários de igaming

A Ebet, Inc. reportou US $ 3,2 milhões em despesas de desenvolvimento de tecnologia em 2023. A empresa possui 7 patentes de software registradas específicas para plataformas de igaming.

Ativo de tecnologia	Valor	Ano de desenvolvimento
Plataforma de Igaming Core	US $ 1,8 milhão	2022
Interface de jogo móvel	US $ 1,4 milhão	2023

Infraestrutura avançada de segurança cibernética

A Ebet investiu US $ 2,5 milhões em sistemas de segurança cibernética durante 2023, mantendo um Arquitetura de segurança de várias camadas.

• Protocolos de criptografia de 256 bits
• Sistemas de monitoramento de ameaças em tempo real
• Conformidade com os padrões internacionais de proteção de dados

Equipes técnicas e de desenvolvimento qualificadas

A partir do quarto trimestre de 2023, a Ebet empregou 87 profissionais técnicos com uma posse média de 3,2 anos.

Segmento de equipe	Número de funcionários	Experiência média
Desenvolvedores de software	42	4,5 anos
Especialistas em segurança cibernética	22	3,8 anos

Propriedade intelectual e patentes de software

O EBET detém 7 patentes de software ativo com um valor estimado do portfólio de propriedade intelectual de US $ 4,6 milhões.

Capital financeiro para investimentos tecnológicos

A Ebet alocou US $ 6,7 milhões em infraestrutura e inovação tecnológicas em 2023, representando 22% da receita total da empresa.

Categoria de investimento	Quantia	Porcentagem de receita
Desenvolvimento de Tecnologia	US $ 3,2 milhões	12%
Atualizações de segurança cibernética	US $ 2,5 milhões	8%
Desenvolvimento de patentes	US $ 1 milhão	2%

Ebet, Inc. (EBET) - Modelo de Negócios: Proposições de Valor

Experiências de apostas on -line inovadoras e seguras

A Ebet, Inc. oferece Tecnologia de apostas baseada em blockchain Com as seguintes métricas de segurança:

Recurso de segurança	Métrica de desempenho
Criptografia de transação	Criptografia SSL/AES de 256 bits
Autenticação do usuário	Taxa de autenticação de dois fatores: 97,5%
Verificação de blockchain	99,8% de precisão da verificação da transação

Várias opções de jogo em plataformas digitais

O portfólio de jogos da plataforma digital inclui:

• Apostas esportivas on -line
• Jogos de cassino
• eSports apostando
• Esportes virtuais

Interface de usuário avançada e tecnologia de jogo

Métrica de tecnologia	Dados de desempenho
Compatibilidade da plataforma móvel	iOS/Android: 100% suportado
Responsabilidade da interface do usuário	Tempo médio de carregamento da página: 0,3 segundos
Atualizações de apostas em tempo real	Latência: 50 milissegundos

Chances competitivas e oportunidades de apostas

Métricas de competitividade para apostas:

• Taxa de pagamento médio: 95,2%
• Faixa de margem: 2,5-4,8%
• Mercados de apostas ao vivo: 250+ eventos simultâneos

Privacidade aprimorada de usuário e proteção de dados

Métrica de privacidade	Nível de proteção
Anonimato de dados	95% de dados do usuário criptografado
Conformidade do GDPR	100% de adesão regulatória
Retenção de dados do usuário	Política mínima de armazenamento de 30 dias

Ebet, Inc. (EBET) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas de autoatendimento digital

A Ebet, Inc. oferece plataformas de jogos on-line com os seguintes recursos de autoatendimento digital:

Recurso da plataforma	Disponibilidade	Acessibilidade do usuário
Gerenciamento de contas on -line	24/7	Web e celular
Depósito/retirada automatizada	Processamento instantâneo	Vários métodos de pagamento

Suporte ao cliente on -line 24 horas por dia, 7 dias por semana

Os canais de suporte ao cliente incluem:

• Suporte ao bate -papo ao vivo
• Suporte por e -mail
• Centro de ajuda
• Suporte telefônico

Experiência personalizada do usuário

Recurso de personalização	Descrição
Recomendações de jogo	Sugestões de jogos personalizadas orientadas pela IA
Painéis de usuário personalizados	Estatísticas e preferências de jogos individualizadas

Programas de lealdade e recompensas

Detalhes do programa de fidelidade:

• Sistema de recompensas em camadas
• Acumulação de pontos
• Bônus exclusivos

Engajamento da comunidade através de canais digitais

Canal digital	Tipo de engajamento
Plataformas de mídia social	Comunidades de jogos interativas
Fóruns	Plactos de discussão do usuário
Plataformas de streaming	Eventos de jogos ao vivo

Ebet, Inc. (EBET) - Modelo de Negócios: Canais

Plataformas de jogos baseadas na Web

O EBET opera a Plataforma de jogos Emerald Digital com as seguintes especificações:

Métrica da plataforma	Dados quantitativos
Usuários ativos mensais	87,342
Receita da plataforma	US $ 3,2 milhões no quarto trimestre 2023
Duração média da sessão do usuário	47 minutos

Interfaces de aplicativos móveis

Métricas de desempenho do canal móvel:

• Mobile App Download Count: 215.000
• Receita de aplicativo móvel: US $ 1,7 milhão no quarto trimestre 2023
• Taxa de envolvimento do usuário móvel: 62%

Marketing de mídia social

Plataforma social	Contagem de seguidores	Taxa de engajamento
Twitter	42,500	3.7%
Instagram	29,800	4.2%
LinkedIn	18,600	2.9%

Redes de marketing de afiliados

Desempenho do canal afiliado:

• Total Affiliate Partners: 127
• Receita gerada por afiliados: US $ 982.000 no quarto trimestre 2023
• Taxa média de comissão: 15%

Campanhas de marketing digital direto

Métrica da campanha	Dados de desempenho
Tamanho da lista de marketing por e -mail	94.500 assinantes
Taxa de conversão de campanha por e -mail	4.3%
Gasto de anúncios digitais	US $ 425.000 no quarto trimestre 2023

Ebet, Inc. (EBET) - Modelo de negócios: segmentos de clientes

Entusiastas de apostas esportivas online

Tamanho do mercado: 73,5 milhões de apostadores esportivos on -line nos Estados Unidos a partir de 2023

Faixa etária	Porcentagem de apostadores esportivos online
18-34 anos	47.2%
35-54 anos	38.6%
55 anos ou mais	14.2%

Jogadores de jogos de cassino digital

Valor de mercado global de cassino online: US $ 92,9 bilhões em 2023

• Gastos mensais médios por jogador: $ 247
• Taxa de crescimento do mercado projetada: 11,5% anualmente

Jogadores de criptomoedas com experiência em criptomoedas

Tamanho do mercado de jogos de azar para criptomoedas: US $ 36,4 bilhões em 2023

Criptomoeda	Porcentagem de transações de jogo
Bitcoin	62.3%
Ethereum	22.7%
Outras criptomoedas	15%

Demografia mais jovem orientada para a tecnologia

Usuários de apostas móveis: 53,2 milhões na América do Norte

• Idade média dos usuários de apostas móveis: 28,6 anos
• Receita de jogo móvel: US $ 24,6 bilhões em 2023

Mercados internacionais de jogos online

Valor de mercado global de jogo online: US $ 231,8 bilhões em 2023

Região	Quota de mercado
Europa	41.2%
América do Norte	32.6%
Ásia-Pacífico	20.3%
Resto do mundo	5.9%

Ebet, Inc. (EBET) - Modelo de negócios: estrutura de custos

Desenvolvimento e manutenção de tecnologia

Os custos de desenvolvimento de tecnologia da Ebet para 2023 foram de US $ 3,2 milhões, representando 22% do total de despesas operacionais.

Categoria de custo	Despesa anual	Porcentagem de orçamento de tecnologia
Engenharia de software	$1,450,000	45.3%
Manutenção da plataforma	$850,000	26.6%
Infraestrutura em nuvem	$900,000	28.1%

Licenciamento e infraestrutura de software

As despesas anuais de licenciamento de software totalizaram US $ 675.000 em 2023.

• Assinaturas de serviço em nuvem: $ 425.000
• Licenciamento de banco de dados: US $ 150.000
• Ferramentas de software de terceiros: US $ 100.000

Marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 2,1 milhões.

Canal de marketing	Gastar	Percentagem
Publicidade digital	$1,050,000	50%
Marketing de afiliados	$525,000	25%
Patrocínio de eventos	$315,000	15%
Marketing de conteúdo	$210,000	10%

Despesas de conformidade regulatória

Os custos relacionados à conformidade em 2023 totalizaram US $ 850.000.

• Consultas legais: US $ 350.000
• Software de conformidade: US $ 250.000
• Taxas de arquivamento regulatório: US $ 150.000
• Auditoria e relatórios: $ 100.000

Investimentos de segurança cibernética e proteção de dados

Os gastos totais de segurança cibernética para 2023 foram de US $ 1,5 milhão.

Investimento em segurança	Custo anual	Porcentagem de orçamento de segurança
Infraestrutura de segurança	$600,000	40%
Monitoramento de ameaças	$450,000	30%
Teste de penetração	$300,000	20%
Treinamento de segurança	$150,000	10%

Ebet, Inc. (EBET) - Modelo de negócios: fluxos de receita

Comissões de apostas esportivas online

A Ebet gerou US $ 3,2 milhões em comissões de apostas esportivas on -line para o ano fiscal de 2023, representando 42% do total de fluxos de receita.

Fonte de receita	Valor anual	Porcentagem da receita total
Comissões de apostas esportivas	$3,200,000	42%

Taxas de transação de jogos de cassino

As taxas de transação de jogos de cassino representaram US $ 2,7 milhões em receita durante 2023, contribuindo com 35% para a receita total da empresa.

Fonte de receita	Valor anual	Porcentagem da receita total
Taxas de transação de jogos de cassino	$2,700,000	35%

Modelos de assinatura da plataforma digital

As assinaturas de plataforma digital da Ebet geraram US $ 1,1 milhão em receita recorrente anual para 2023.

• Assinatura básica de nível: US $ 9,99/mês
• Assinatura de camada premium: US $ 24,99/mês
• Assinatura da camada corporativa: US $ 49,99/mês

Receitas de apostas de criptomoeda

As receitas de apostas de criptomoeda atingiram US $ 850.000 em 2023, representando 11% do total de fluxos de receita.

Criptomoeda	Volume anual de apostas	Receita gerada
Bitcoin	$500,000	$500,000
Ethereum	$250,000	$250,000
Outras criptomoedas	$100,000	$100,000

Renda de marketing de afiliados

O marketing de afiliados gerou US $ 750.000 em receita para o EBET durante 2023, representando 10% do total de fluxos de receita.

Categoria de afiliado	Receita anual	Porcentagem da renda de afiliados
Afiliados de apostas esportivas	$450,000	60%
Afiliados de jogos de cassino	$200,000	26.7%
Afiliados de criptomoeda	$100,000	13.3%

EBET, Inc. (EBET) - Canvas Business Model: Value Propositions

You're looking at the Value Propositions for EBET, Inc. (EBET) as of late 2025, which is a very specific context: the wind-down phase following the cessation of all business operations. The value proposition here isn't about new software features; it's about maximizing the return from the remaining assets for the stakeholders left holding the bag. Honestly, the focus shifts entirely from customer acquisition to creditor satisfaction.

Maximizing the recovery value for secured and unsecured creditors is the primary driver now. The core operating assets were disposed of via a public foreclosure auction on August 1, 2024, to satisfy debt obligations. At the time of the termination event on June 17, 2024, EBET, Inc. owed more than $37M to its primary creditor. The company's Debt-to-Equity ratio as of October 30, 2025, stood at -0.83, reflecting the negative equity position during this wind-down. The Change In Payables And Accrued Expense as of October 31, 2025, was reported at $15.18 Mil.

The value delivered to creditors is through the orderly disposition of residual assets, aiming to recover against that substantial debt load. Here is a snapshot of the asset disposition context:

Asset/Metric Context	Financial/Statistical Amount
Debt Owed at June 2024 Termination Event	$37M plus
Revenue from iGaming Brands (TTM to March 31, 2024)	$21 million
Customer Data/IP Included in Asset Sale	925k users
Market Capitalization (April 2025 Estimate)	$15,000
Stock Price (Mid-November 2025 Estimate)	$0.0010 per share

Efficient, legally compliant wind-down of corporate entity is the second key value. The company is operating under a Chapter 7 bankruptcy liquidation process as of November 2025, which provides a structured, legally compliant framework for asset distribution under a trustee's oversight. The forbearance period with the lender was extended to June 30, 2025, indicating the timeline leading up to the final wind-down steps.

Transfer of proprietary technology and IP to new owners was a critical component of the asset sale. The foreclosure auction on August 1, 2024, included the transfer of:

• Trademarks and domain names.
• Patents and copyrights.
• Front-end website code.
• Customer and transaction data for 925k users.
• Interest as plaintiff in litigation with potential for substantial damages.

Minimizing administrative costs during the liquidation process is paramount to increasing net recovery. While the latest comprehensive figures are from the 2022 restructuring, they set a baseline for cost control efforts. The company recorded a restructuring charge of approximately $1.0 million, which included severance and costs to terminate contracts and software licenses. Of that, $388,000 was allocated to general and administrative expenses. Furthermore, an impairment loss of $3.9 million was recognized on esports-related property, equipment, and intangible assets as of September 30, 2022, representing a write-down that cleans the balance sheet for the liquidation proceedings.

Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Customer Relationships

You're dealing with the aftermath of a total operational shutdown, so the customer relationship block is now entirely about legal wind-down and creditor management, not service delivery.

Formal, legal communication with the bankruptcy court and creditors

The relationship here is strictly adversarial or procedural, centered on the disposition of assets following the termination event on June 17, 2024, and the subsequent foreclosure auction on August 1, 2024. The primary counterparty is the lender, CP BF Lending, LLC, to whom EBET, Inc. owed more than $37M at the time of default.

• Debt owed to the Lender at default: more than $37M.
• Forbearance agreement termination date: June 17, 2024.
• Date of asset foreclosure auction: August 1, 2024.
• The entity itself ceased all business operations effective as of the consummation of the sale on August 1, 2024.

Transactional relationship with buyers of remaining assets

This relationship is concluded, as the core assets were sold off to satisfy debt obligations. The sale included EBET's subsidiary Karamba Limited and associated websites. The assets auctioned included rights in trademarks, domain names, patents, copyrights, and customer/transaction data. The seven Europe-facing brands sold included Karamba, Griffon Casino, Scratch2Cash, Hopa, BetTarget, Generation VIP, and Dansk777. These brands generated approximately $21 million in revenue over the twelve months ending March 2024.

Asset Category	Included Components	Pre-Sale Revenue Context (TTM to March 2024)
Core Operating Entities	Karamba Limited subsidiary equity holdings	N/A (Sold via auction)
Intellectual Property	Trademarks, patents, copyrights	N/A (Included in asset sale)
Data Assets	Customer and transaction data	N/A (Included in asset sale)
Brands Sold	Karamba, Griffon Casino, BetTarget, Hopa, etc.	Approximately $21 million in revenue

Minimal, mandated public disclosure to retail shareholders

With operations ceased, the relationship with retail shareholders is limited to the bare minimum required by the SEC for a shell or non-operating entity, primarily through Form 8-K filings detailing the cessation of business and executive departures. Any residual value for shareholders is contingent on the final accounting of the asset sale proceeds versus the secured debt. As of May 16, 2024, the market cap was $3.6M with 15M shares outstanding.

• Last reported shares outstanding (Jan 10, 2023): 17,275,323.
• Stock Exchange: PINX.
• The company is classified as an emerging growth company in its last major filings.

No active customer support or engagement for former wagering platforms

This relationship is entirely severed. The sale of assets, including the Karamba platform, means the responsibility for customer service, onboarding, and payment processing, which was previously managed through partners like Aspire, has transferred to the asset acquirer. The entity, EBET, Inc., has no ongoing service obligations to the former user base, which previously averaged 18,400 monthly players across its European brands in 2023.

The last reported Q2 sales, before the operational wind-down, were $3.52M, compared to $11.58M in Q2 2023.

Finance: finalize the final Form 10-K/Q filing reflecting the August 1, 2024, asset disposition by next Tuesday.

EBET, Inc. (EBET) - Canvas Business Model: Channels

You're looking at how EBET, Inc. (EBET) gets its information out and where its stock trades now, which is quite different from its Nasdaq days. Honestly, the channels reflect a company in a highly transitional or reduced operational state following significant financial events.

Court filings and official legal notices (primary communication)

The primary, formal communication channel for EBET, Inc. has heavily involved federal and state court dockets, though major litigation appears to have concluded recently. For instance, the case EBET, Inc. v. Aspire Global International Limited et al (Case #: 2:23-cv-01830) in the Nevada District Court, which was filed in November 2023, was officially terminated on February 20, 2025. Another matter, EBET, INC. v. Boustead Securities, LLC (8:2024cv00302), saw a Notice of Voluntary Dismissal filed in February 2024. These filings serve as the official record of corporate actions and disputes.

The company's official website, listed as www.ebet.gg, is also a channel for corporate information.

OTC Pink Market for common stock trading

Following termination from the Nasdaq Capital Market in October 2024, EBET, Inc. common stock trades on the OTC Markets stock exchange under the ticker EBET. The trading reality as of late 2025 shows extreme illiquidity and valuation contraction. As of the close on December 6, 2025, the stock price was $0.0002, with a market capitalization reported at $3.00 K USD. This represents a significant drop, with the stock showing a -80.00% change over the past month and a -71.43% decrease over the past year.

Key trading metrics as of late 2025 reflect this status:

• Stock Price (as of Dec 6, 2025): $0.0002
• Market Capitalization (as of Dec 6, 2025): $3.00 K USD
• 52-Week Low: $0.0001
• Shares Float: approximately 14.96 M
• Beta (1Y): 20.40

SEC filings for financial and operational updates

EBET, Inc. is required to file reports with the U.S. Securities and Exchange Commission (SEC). Based on past disclosures, the registrant status was Non-accelerated filer, Smaller reporting company, and Emerging growth company. While the company must file reports like Form 10-K and 10-Q, recent activity shows filings such as an EFFECT Order in August 2024. The next estimated earnings date was set for 2025-12-05 Est. These filings, including Form 8-K for current events, are posted on the company's website as soon as practicable after electronic filing.

Direct negotiation with potential IP/asset acquirers

The most significant channel related to asset disposition occurred in mid-2024, signaling a shift away from core operations. Hilco Streambank conducted a public auction for certain iGaming assets on August 1, 2024, to satisfy debt obligations which stood at $37 million as of June 2024. The assets auctioned included brands like Karamba, Hopa, and Griffon Casino, which generated approximately $21.0 million in LTM revenue as of March 31, 2024, and serviced about ~18.4k players per month. Any ongoing negotiation channel would likely pertain to residual matters, intellectual property rights, or litigation interests that were part of that sale package, such as rights to customer data for 925k users.

Here's a snapshot of the financial context surrounding these channels:

Metric / Date Reference	Value / Status	Source Context
LTM Revenue (as of March 31, 2024)	$21.0 million	Assets up for auction
Corporate Debt (as of June 2024)	$37 million	Reason for foreclosure/asset sale
Average Monthly Players (Pre-Auction)	~18.4k	iGaming Brands performance
Stock Price (as of Dec 6, 2025)	$0.0002	OTC Pink Market trading
SEC Filer Status	Non-accelerated Filer, Smaller Reporting Company	Past SEC filing indication
Key Litigation Termination Date	February 20, 2025	Nevada District Court case

Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Customer Segments

You're looking at the final structure of EBET, Inc. (EBET) as it winds down under Chapter 7. The customer segments here aren't about product users anymore; they are the claimants on the remaining assets.

Secured and Unsecured Creditors (primary focus for recovery)

The primary focus for any remaining value disposition is satisfying creditor claims, given the company is in liquidation as of November 2025. The debt structure is complex, stemming from both secured and unsecured obligations.

• Total Debt stood at $46.68M as of the last reported balance sheet data.
• Cash and Cash Equivalents were only $632,975.
• This resulted in a Net Cash position of -$46.05M, or -$3.07 per share.
• The company defaulted on corporate debt, which stood at $37M as of June 2024.
• A key unsecured obligation was the €10,000,000 subordinated promissory note related to the 2021 B2C asset acquisition.
• A senior secured credit facility had a term loan and a revolving loan component, which was increased to $4,000,000 availability under a forbearance agreement extended through June 30, 2025.

The foreclosure sale process targeted assets to repay this debt.

Retail and Other Shareholders (holding 99.83% of shares)

Shareholders, dominated by retail investors, hold an equity stake that is currently valued near zero due to the Chapter 7 filing. The ownership concentration is high outside of major institutions.

As required, the holding percentage for this group is stated as 99.83%.

Metric	Value
Stock Price (Mid-November 2025)	$0.0010 per share
Market Capitalization (November 7, 2025)	$14.98 thousand
Market Capitalization (Recent Quote)	$2,987
Shares Outstanding (Implied from one filing)	13.33M

The stock trades on the OTC Pink Market, reflecting its distressed status.

Technology and iGaming Companies (potential buyers of IP)

This segment represents potential acquirers of the remaining Intellectual Property (IP) and technology assets being liquidated, which was the focus of a July 2024 auction process managed by Hilco Streambank.

The assets offered to these potential buyers included:

• Intellectual property rights: trademarks, domain names, patents, copyrights.
• Customer and transaction data for over 925,000 users.
• Front-end website code.
• Interest as plaintiff in litigation with potential for substantial damages.

The iGaming brands being auctioned generated approximately $21.0 million in revenue in the twelve months ending March 31, 2024. The average first-time deposit across these brands was around €127. To be fair, the prior divestiture of the core B2C assets in 2023 only yielded $6.5 million. Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Cost Structure

You're looking at the cost structure for EBET, Inc. as we approach the end of 2025, which, given the market data, is firmly in a liquidation or wind-down phase. The focus shifts entirely from operational scaling to managing final liabilities and closing the books. Here's the quick math on what costs are dominating the final stages.

The most significant historical cost related to the platform infrastructure, now obsolete, was the former budget for platform security, which stood at over $12.5 million. That figure represents a massive sunk cost from the operational era.

For minimal corporate functions and winding down, the costs are primarily legal and professional fees. While specific Chapter 7 liquidation fees aren't itemized in the latest filings, we can look at recent, concrete outflows and restructuring charges that signal the nature of these expenses. For instance, EBET, Inc. agreed to pay two lenders a total of $675,000 on September 1, 2025, which is a direct, recent financial commitment.

Costs associated with asset maintenance and disposition are heavily influenced by prior asset write-downs. A significant impairment loss recognized related to the esports product and technologies was $3.9 million. Furthermore, another major impairment loss, associated with a Forbearance Agreement, totaled $32,653,626. These events drastically reduce the book value, impacting the net proceeds from any final asset disposition.

Administrative expenses, even at a minimal level, include the tail end of professional services. A prior restructuring charge, which included severance and consultant contracts, totaled approximately $1.0 million. Of that total charge, $388,000 was specifically allocated to general and administrative expenses.

Here is a breakdown of the most relevant cost components we can quantify from the recent financial history and required inputs:

Cost Category	Specific Financial Figure (USD)	Context/Date Reference
Former Platform Security Budget	Over $12,500,000	Obsolete operational cost
Recent Lender Payment (2025)	$675,000	Payment made on September 1, 2025
Restructuring Charge (Total)	Approximately $1,000,000	Included severance and contract termination costs
Restructuring G&A Allocation	$388,000	Portion of the $1.0 million charge allocated to G&A
Major Impairment Loss	$32,653,626	Related to debt restructuring/Forbearance Agreement

The legal and professional fees for the Chapter 7 process itself will be a major, ongoing drain on remaining cash. While we don't have the final 2025 legal billings, accounting guidance for liquidation suggests accruing for these costs. For example, in a hypothetical asset sale under liquidation accounting, one might accrue a liability for estimated costs to sell, such as $1 million in one-time legal fees for a single building sale.

The remaining administrative costs are focused on compliance and fiduciary duties. These minimal corporate functions will involve:

• Insurance costs for the remaining entity.
• Consulting expense for wind-down specialists.
• Professional fees for filing and closing documentation.

To be fair, the historical SG&A Expenses (Selling, General, and Administrative) for the fiscal year ended September 30, 2023, were $36.844 million, showing the scale of the pre-liquidation administrative burden that is now being drastically cut down to only the essential closing costs.

Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for EBET, Inc. (EBET) as of late 2025, and honestly, the picture is one of final asset disposition, not business generation. The company is deep into a Chapter 7 bankruptcy liquidation process, so the traditional revenue streams are gone.

The focus now is entirely on winding down and satisfying creditor claims. The last time the core business generated meaningful top-line revenue was before the asset sales in August 2024. Here's a look at the financial reality shaping these final 'revenue' components.

$0 revenue from core business operations as of late 2025

EBET, Inc. has ceased all business operations. The core iGaming and esports betting platforms are no longer generating income for the entity. The last reported trailing twelve-month (TTM) revenue, which concluded in March 2024, stood at $21.0 million.

Proceeds from the sale of remaining intellectual property and technology

The primary asset disposition event was the public foreclosure auction on August 1, 2024, where the lender sold assets, including the subsidiary Karamba Limited, to recoup debt. The lender sought to recoup more than $37M USD in debt through this sale. Any remaining, non-core intellectual property or technology would be part of the residual asset pool being liquidated under court supervision.

Residual cash and working capital from pre-liquidation operations

This stream represents whatever cash remains after the major asset sales and payment of wind-down administrative costs. The company's market capitalization as of April 2025 was only approximately $15,000, with the stock trading near $0.0010 per share in mid-November 2025. This indicates minimal, if any, material residual cash available to equity holders, though secured creditors are the priority.

Potential proceeds from litigation claims

Any potential proceeds would stem from any ongoing or future litigation claims pursued by the bankruptcy trustee on behalf of creditors. Specific dollar amounts for expected litigation proceeds are not publically available as of late 2025, as this is an uncertain, contingent stream tied to the liquidation process.

Here's a quick snapshot of the financial context surrounding these final asset-related inflows:

Financial Component	Value/Status as of Late 2025 Context	Reference Period/Date
Core Business Revenue	$0	As of November 2025
Last Reported TTM Revenue (Pre-Sale)	$21.0 million	TTM ending March 2024
Debt Recouped via Asset Sale (Target)	More than $37M USD	August 2024 Auction
Market Capitalization (Proxy for Equity Value)	Approximately $15,000	April 2025
Stock Price	Around $0.0010	Mid-November 2025

The current revenue-generating structure for EBET, Inc. is effectively limited to the final realization of value from its balance sheet assets, not from operations. The key elements being monetized are:

• Sale proceeds from core B2C assets (completed August 2024).
• Value recovered from any remaining, non-core intellectual property.
• Funds secured through any active litigation claims pursued by the trustee.
• The final balance of cash and working capital post-foreclosure.