What does Prematch Event Manager as a service provide?

Prematch Event Manager provides pre-match or pre-KO trading of many sports from up to 28 days before the start of an event up to its scheduled start time. During an integration, customer will set up competitions and markets, that in turn will then start to create content on the customer's trading platform via the updategrams that are delivered through the V3 IS. Once a market has been created, Genius Sports will keep its prices and state up to date and the customer will then remove the market from being available at the kick-off of the event. Once the event has concluded and resulting data has been made available, customer will receive the relevant updategram that contains the resulting information. 

Outright Markets

In addition to regular PreMatch events, Golf & Cycling and Motorsport include Outrights, that are available through PreMatch Event Manager. Outright markets are created, updated and resulted via the updategrams that are delivered though the V3 IS, as regular events. However, Outright markets are not actively managed in respect to in-play phases of said events and tournaments. 

Functionality for Outrights is entirely dependent on the availability of price data from bookmakers and the type of Sport. For Golf, the Outright market is suspended at the start of play whilst for Cycling and Motor Sports it is not.

Golf's Outright or Winner market will be suspended when an event is in-play. Pricing will resume and the market will be reopened, once the prices are again available at the end of the round. Therefore, this Outrights market type can be offered in the inter-round period. 

You may wish to consider implementing the following functionality, depending on your regulatory or trading requirements:

1. Close an outright market when the first event of a competition begins.
2. Suspend trading on an outright market while one or more events within the competition are in-play.
3. Delay re-opening an outright market to allow time for a manual sanity check of the prices.

If you have any questions about handling outright markets, then please contact Customer Integrations