Online Gambling eSports and the Law

Published Tuesday, September 15, 2015 - Online-Casinos.com
Online Gambling eSports and the Law

There are a few new venues on the horizon for the would be gambler that are legal and not regulated as yet. Daily fantasy sports betting is one shining example of a new betting venue that will soon be looked at with closer scrutiny by lawmakers intent on maintaining order.

There are millions of people playing poker around the planet and there are also millions playing video games at the same time. The term eSports is defined as organized multiplayer video game competitions, particularly between professional players. That sounds like a great way to punt as these professional gamers are skilled at playing these video games and it is not illegal to bet on a skill based games in a lot of places. eSports competitions have their roots in Germany with South Korea having the best established eSports organizations. eSports in Japan is relatively underdeveloped, which has been attributed largely to its broad anti-gambling laws.

In 2013, it was estimated that approximately 71,500,000 people worldwide watched competitive gaming. The different genres gives the fans lots of choice that makes the watching of the tournaments as exciting as playing some of the games. The demographic also lends itself to a new venue with 60% of followers of the eSport trend between the ages of 18 and 34 and 85 percent are men. There is some controversy over the use of the term sport when it comes to eSport that are sometimes called a mind sport is a game of skill where the mental component is more significant than the physical.

The prizes enticing young professional gamers are growing as fast as the popularity of the spectator eSport experience trend. The downside to online gaming includes the increased difficulty detecting cheating compared to physical events. Typically companies selling computer hardware, energy drinks, or computer software are sponsoring tournaments and supporting growth. Unfortunately there isn’t much trust in the system with match fixing rampant and going deep among competitors.  

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