Is Fandom Moving Into The World Of eSports Betting?
The world of eSports is in for a large change as the upcoming launch of a true global eSports betting platform completely changes the scene. Just last week Fandom Sports Media announced the completion of its subsidiary Bridarias Limited. This new endeavor based in Cyprus has one specific task: Handling the processes that Fandom requires to launch a global eSports betting platform.
While the platform itself has yet to release all indicates it will do so without no issue. Currently, Fandom is executing the final revisions and regulations required for their betting platform. This betting platform will release independently and has proven to be an unexpected choice. Previously Fandom was notorious for its all-ages approach to business, but the addition of betting has shown a new facet of the company.
Is Fandom Moving Into The World Of eSports Betting?
Right now Fandom Sports counts with a Curacao Gaming License, which allows for the right use of wagering games in the right countries. What this means in layman’s terms is that through that license Fandom has the right to promote, market, and offer their games of chance to any country in the world except for those that are actively forbidden on the license terms. While this sounds like a major step forward it’s important to note what countries are omitted by the license.
The United States of America, the UK, Spain, Australia, Netherlands, France, and various Dutch regions
Some of the countries which are directly forbidden under the license terms include The United States of America, Africa, the UK, Spain, Australia, Netherlands, France, and various Dutch regions. As such while its global license offers a wide range it also misses key players. The limitations of this license are going to be one of the main factors for the platform to overcome in the near future. And due to its a heavy focus on the USA market in particular we can expect Fandom Sports to focus heavily on clearing all legal licenses required for the region. Though so far how they’ll overcome this hurdle remains to be seen.
Current research by market analysts and consumer surveyors indicates that eSports global gambling revenue is expected to double this year.
If so then that means two major things: Gambling revenue will reach $14 billion, and Fandom has chosen an ideal time to move forward with its platform. Of course, how much Fandom will get to benefit from this expected growth will come down to the speed of their launch.
In regards to the apparent change in focus, Fandom exhibited, CEO David Vinokurov expressed a desire to build an eSports ecosystem where both all-ages fun and regulated wages have a place. Vinokurov expressed their interest in keeping up an all-ages audience while taking advantage of the growth of the industry separately through its betting platform. As such Fandom’s newest foray into the world of betting could be seen as an additional feature and not a change in focus.
It remains to be seen how long it’ll take for Fandom to be ready to launch it’s global betting platform. But a fast and successful launch could change the face of both the company and the eSports scene forever.
• Source: Fandom moves to launch global esports betting platform From Yogonet.com On October 30, 2020.
