The growth in popularity of eSports is a fact of life that cannot be disputed. The Olympic Games included an eSports element on a trial basis as part of the recent Tokyo Summer Games and plans to continue to study the eventual possibility of eSports becoming full medals at an Olympiad one day in the future. The rapidly growing esports daily fantasy sports industry offers thrilling opportunities for entrepreneurs.
If you’re considering setting up a business in this sector, establish a strong legal foundation by forming an LLC. Services like ZenBusiness can guide you through the process. To gauge their quality and reliability, consult an in-depth Zenbusiness LLC review. This can help you smoothly navigate the path to launching your esports company.
As sports betting is growing around the world in leaps and bounds, online sportsbooks are moving more and more to open up a plethora of Esports wagering markets on all of the popular games. A site such as TonyBet offers a complete online betting experience and excels in a few areas, including eSports. The eSports betting options at TonyBet are what stands out on the site – but there is plenty more to like about the rebranded sportsbook.
Another element of competitive gaming in the world of competitive gaming that is also becoming a major growth area is the daily fantasy sports industry. Just as daily fantasy sports sites like DraftKings, FanDuel and Monkey Knife Fight have changed the way that people play fantasy sports, there are also companies that are doing likewise in the realm of eSports.
Scout gaming – An esport daily fantasy sports powerhouse
When it comes to eSports daily fantasy sports play, Scout Gaming is both a trendsetter and a standard-bearer. Scout Gaming Group is a licensed and regulated B2B provider of daily fantasy sports and betting solutions. Scout offers the only liquidity network for fantasy sports in Europe and has some of the largest online operators on the client list. The Stockholm, Sweden-based company has moved into the eSports DFS business in a big way, and business is good.
In August, Scout Gaming reported $1.6 million in earnings for their business year. That was an increase of 121 per cent over the revenue generated by the company during their previous business year that concluded in August of 2020. The Scout Gaming Network is the largest real-money fantasy game network ever created and is the No. 1 daily fantasy sports provider in Europe.
“It’s with great pride that I recognize the rate at which our team is continuing to push boundaries,” Scout Gaming CEO Andreas Ternström said in a statement. “We continuously sign and launch operators at a rapid pace whilst executing on an ambitious roadmap.”
In July of 2021, Scout Gaming successfully launched their fantasy software in a free-to-play mode on dreamsport.com, an IP wholly owned by Scout Gaming.
All of Scout Gaming’s products are available at dreamsport.com and are free-to-play. These include Scout Gaming’s fantasy tournaments, sportsbooks, player odds, matchups, and their pick`em jackpot prediction games. Users sign up with their phone number only and get Dreamsport coins to play for while competing. Also included are Scout Gaming’s daily fantasy sports offerings on CS:GO.
“The level at which this company is bringing new products to life is one that I have never seen before,” Ternström said. “This is owed to the investments made in not only our own technology but the people that create it. It’s taken us a while to get here but in return, we are building an extremely strong foundation for continuous growth over many years to come.”
Esports technologies files patent for esports betting algorithm
Esports Technologies, a leading global provider of advanced esports wagering products and technology, recently announced that it has filed a provisional patent application for a technology that utilizes artificial intelligence to generate odds models for use in a betting algorithm for esports tournaments and various stages of a tournament.
The AI-powered system creates a real-time odds modelling and simulation system that will be able to simulate eSports tournaments of different types and develop an odds model for use in a betting algorithm.
The system uses machine learning and advanced quantitative methods to generate odds instantly for any number of esports match and tournament types. It can also create betting lines for different stages of the match or tournament for proposition bets, as well as a variety of betting markets.
It contemplates a system where bettors will be able to place wagers on teams throughout a tournament, even live betting while games are in the process of being played.
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