![]() Apps that use in-app purchases to buy credit or currency for use in real-money gambling will be rejected.ĭerby Games raised a $6.5 million round of funding earlier this year, and it has 17 employees. The apps have to be restricted to those locations, and they must be available for free on the App Store. After online poker became illegal (without express state approval) in 2011, the Hessert brothers realized that they had a huge opportunity as horse racing was the only form of nationwide legalized online gambling.Īpple started allowing real-money gambling apps in 2013, provided that the apps have the necessary licensing and permissions in places where they are used. Bill Hessert studied horse racing with Steven Levitt, the author of the Freakonomics series of best-selling economics books. They started building a platform for Derby Games as part of a plan to take horse-racing wagering to a broader audience, starting with a Web-based app that debuted in 2013. ![]() ![]() Hessert, along with his brothers Bill and Tom, founded New York-based Derby Games in 2011. ![]()
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