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About Patricks Luck Hold The Spin
Last month, GiG Software plc announced plans to acquire an 80% stake in Evoke’s 888Africa, in a deal valued at up to €16.4 million ($19.1 million).
To fund the acquisition, the company intends to raise €2.5 million through a directed share issue and €6 million through convertible debt. The deal marks its return to B2C after becoming a pure play B2B platform play in 2023.
Richards tells iGB the deal is expected to be completed around the end of September and provides GiG with a “profitable, cash-generative B2C operator” and a footprint in some of Africa’s fastest-growing regulated markets.
About Patricks Luck Hold The Spin
Prediction market volume attributable to “takers”—recreational and retail traders who pull liquidity from exchanges—is forecast to reach $190 billion this year.
That estimate arrives courtesy of Macquarie and is well ahead of the research firm’s previous estimate of $169 billion in 2026 taker volume.
Takers is a prediction market industry colloquialism for the market participants that swiftly fill buy and sell orders, thus removing liquidity from the marketplace. Conversely, makers are the market participants viewed as liquidity providers and professional or sharp money.
How to play Patricks Luck Hold The Spin
Nothing could have been further from the truth.
In the late 2000s, we wrote a humor column for the Las Vegas Review-Journal. Titled “Fear and Loafing,” it involved sampling odd jobs around town. One we wanted to try out was working as a personal assistant to a Vegas celebrity.
Every resident headliner up and down the Strip either declined or ignored our request. Most likely, the downside of having a working reporter snoop around their private life outweighed any potential upside.