Ep. 221: At the intersection of sports betting and financial trading w/ Frank Li Betting Startups Podcast ·
Watch on YouTube ·
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· 2026-09-21
00:00 - Introduction to Prediction Markets π₯
Jesse introduces the discussion around prediction markets, highlighting a shift from a brokerage-heavy model to a more app-like financial exchange.
Compares ESX's evolution to that of Robinhood.
00:22 - Focus of ESX β½
Frank from ESX explains their mission, emphasizing the focus on live sports markets and targeting semi-professional users instead of casual bettors.
Mentions insights from 10,000 customer conversations to adapt their platform.
02:43 - Financial Market Structures π
Discussion on how financial market structures influence live sports betting and ESXβs upcoming plans to raise $2 million for a US app launch.
05:40 - Positioning and Strategy π―
ESX aims to cater to technical semi-professional betters, positioning itself to improve user experience as opposed to competing with larger platforms directly.
They are building a social environment for live trading, inspired by other successful trading platforms.
11:53 - Content Strategy Success π£
Frank highlights a robust social media content strategy that generated over 10 million views in six weeks.
Discusses the importance of establishing a connection with users and how diverse content helps convert engagement into active users.
15:02 - Real Connections in Business π€
A significant moment occurred when Andrew and his team encountered a fan from France who recognized their content.
This interaction exemplified the success they've had, generating 10 million views on social media and attracting 100 to 200 genuine users to their platform.
16:00 - User Engagement Strategy π
Andrew and his co-founder had about 10,000 conversations with users, focusing on genuine dialogue rather than selling.
They've realized the value of understanding users' needs by targeting engaged audiences on platforms like Reddit, yielding valuable feedback.
18:40 - Volume Growth and Market Insights π
Their platform has seen substantial growth, achieving 50x increase in volume over the past month since launching real-money betting.
The timing of user sign-ups coincides with sports seasons, illustrating the cyclical nature of user engagement.
21:00 - Funding Strategy and Future Goals π°
The founders started with $100,000 in bootstrapped funds and are currently raising $2 million for expansion, focusing on enhancing user content and launching a US app.
Their emphasis on building before seeking funding highlights their strategic approach to growth.
28:30 - Vision for the Future π
Looking to the future, they aspire for ESX to become a well-known brand alongside other market players within five years.
Their main metrics for success include exposure and volume, reinforcing their content-driven strategy to engage users.
30:04 - Episode Launch and Admission Dates π
The episode will be released on July 28th, 2026, which is Jesse's birthday.
Breaking news: Application deadline for Flutter's affiliate draft extended to August 16th.
30:20 - What is the Affiliate Draft? π
Operated by Flutter, the leading online sports betting and gaming operator.
Provides startups a pathway to collaborate with Flutter brands like FanDuel, Betfair, and Paddy Power.
30:37 - Benefits of the Program π
Acts as rocket fuel for startups seeking to build relationships with key stakeholders and investors in the Flutter network.
30:45 - Program Details and Application π
The program concludes with a two-day session at Flutter's offices in Dublin this October.
Interested applicants must submit applications by August 16th.