Bitcoin Depot Acquires Kutt to Enter $165B U.S. Digital Sports Betting Market
Bitcoin Depot has acquired Kutt, a peer-to-peer social betting platform founded in 2022, marking its first move beyond Bitcoin ATMs. Americans wagered over $165 billion through U.S. digital sportsbooks in 2025, and the acquisition aims to diversify BTM’s offerings into the fast-growing social betting segment.
1. Acquisition Details
Bitcoin Depot has completed its acquisition of Kutt, a peer-to-peer social betting platform founded in 2022. This marks Bitcoin Depot’s first expansion beyond its core Bitcoin ATM network, signaling a strategic push into adjacent fintech markets.
2. Market Context
The U.S. legal sports betting market saw Americans wager over $165 billion in 2025, highlighting rapid adoption and normalization of digital wagering. Kutt operates in this high-growth environment by enabling users to set personalized bets across sports, entertainment, and user-generated events.
3. Strategic Rationale
Bitcoin Depot aims to diversify its product portfolio beyond cash-to-crypto kiosks by entering the social betting space. Leadership expects that integrating Kutt’s community-driven platform will drive user engagement and open new revenue streams.
4. Kutt Platform Details
Kutt offers a consumer-friendly, gamified environment where users wager directly against each other without a house. Available in most U.S. states, the platform supports customizable markets and social features, positioning it for growth under Bitcoin Depot’s expanded marketing reach.