“Can a horse racing conglomerate become a vertically integrated wagering and fintech ecosystem for thoroughbred racing fans?”
1/ST (formerly known under The Stronach Group's racing and technology brands) operates a horse racing ecosystem encompassing racetracks, a wagering platform (1/ST BET), and horse racing technology. The wagering operation is legally run through Xpressbet, LLC under Oregon Racing Commission licensing. The company has integrated embedded banking features such as a 1/ST BET-branded wagering wallet supported by Sutton Bank as the sponsor/banking partner.
1/ST discloses Sutton Bank as its banking provider, according to the Embedded Finance Index 2026.
1/ST does not disclose a bank charter of its own; its banking services are provided through Sutton Bank.
The Embedded Finance Index 2026 maps 2 layers in 1/ST's stack: Banking / BaaS (Sutton Bank); Sponsor bank (Sutton Bank).
1/ST is headquartered in Hallandale Beach, Florida, USA.
Get a read on where your own stack stands against 1/ST and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.