E-Sports Market Exploding After US Supreme Court Ruling

Published Thursday, June 28, 2018 - Online-Casinos.com
E-Sports Market Exploding After US Supreme Court Ruling

Bryce Blum, attorney and founder of Electronic Sports and Gaming Law said, "In the wake of the Supreme Court's decision, the volume of sports betting in the US is poised to explode -- and esports betting will inevitably follow suit,"

The rules have changed for esports fans who like to bet. New state-by-state regulations are going to make it simpler. Mainly because the professional esports industry is already on the game. DraftKings esports betting enterprise co-founder and CRO Matthew Kalish says his company's esports business grew 60 percent between 2016 and 2017. Unfortunately the esports betting industry has had some bad situations develop with alleged match fixing and such. The legalization of sports betting will bring on yet another set of regulations to control  the esport betting world.

"Increased esports betting comes with significant risks -- threats to competitive integrity, underage betting and addiction chief among them,"  "While all of these negative externalities are more prevalent in an unregulated marketplace, they still exist in legal markets, and the esports industry is relatively unprepared for the increased risks that come along with increased betting."

Nineteen states have legalized fantasy sports sites like DraftKings and FanDuel to operate, though each one has its own set of regulations. The Supreme Court rule change will encourage more states to update or create a custom set of regulations. Kalish says DraftKings has gone to a lot of trouble recently preparing for that possibility. Publishers of the egame world have invested a large amount to be ahead of the esports rush for supremacy.

Esports are expected to generate $1 billion in revenue this year, according to Superdata Research with the esports industry becoming easier to navigate each day, adding guaranteed player salaries and benefits in games such as Overwatch and the classic League of Legends.

 

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