News & Press: Industry Related

E-sports bookmaking? Globally, it’s already a billion-dollar gambling industry

Tuesday, April 10, 2018  
Share |

E-sports bookmaking? Globally, it’s already a billion-dollar gambling industry

 

*** Instead of buying an e-sports team of his own, Cuban made a bet on betting, investing in a company called Unikrn that sets lines and takes wagers from around the world on e-sports competitions.

 

Major e-sports leagues such as those for popular games League of Legends, Overwatch, Counter-Strike: Global Offensive and Dota 2 project continue to rise in value at a meteoric pace, projecting to be worth $906 million in 2018 — a figure that includes sponsorships, advertising, media rights, game publisher fees, merchandise and tickets. It would represent 38 percent annual growth from 2017, according to market research firm Newzoo.

*** Unikrn — as well as companies such as Betway, Pinnacle, William Hill, Ladbrokes and GG.bet — offers a sports book and odds via its website, taking bets on the outcomes of e-sports league and tournament games. Unikrn accepts bets using cash and later this month will accept them using a proprietary cryptocurrency called UnikoinGold — similar to bitcoin — that raised $31.4 million in its Initial Coin Offering (ICO). Rahul Sood, founder of Unikrn, creator of Microsoft Ventures and a gamer himself, claims Unikrn has about 4 million active users, many of them from a young user base. Click here to read more.


LEGAL

Click here for legal notice. Per standard by the Payment Card Industry, NAGRA has met the requirements of the Payment Card Industry-Data Security Standards (PCI-DSS).

To view our compliance certificate, click here.

CONTACT

NAGRA

PO Box 7046 | Helena, MT 59601
northamericangamingregulators@gmail.com

Copyright © 2017 North American Gaming Regulators Association (NAGRA). All rights reserved.
This website is optimized for Firefox and Chrome. If you have difficulties using this site, see complete browser details.