With sports betting on the rise in America where does esports fit into the equation?
Zev Fima, a Research Analyst for ActionAlertsPLUS, sat down with Will Hershey, Jens Hilgers, and Murphy Vandervelde, experts in the esports industry, to discuss the exciting opportunity for esports betting and how it will help take esports mainstream.
Here is what they had to say:
- Jens Hilgers is the CEO and Co-founder of DOJO Madness and a Founding partner of BITKRAFT Esports Ventures the first and largest Gaming and Esports fund in the Western world with over 35 portfolio companies.
"We're very excited that in the U.S. we see sports betting getting regulated starting with New Jersey here and a huge market opening up to sports betting and esports betting. In Europe already in traditional sports, a quite substantial part of sponsorship revenue for traditional sports teams come from sports betting and sports betting companies and, if that kind of translates here to the U.S. and we see that translating to esports as well, it's gonna be a huge market."
- Will Hershey is the Co-founder and CEO of Roundhill Investments, which is focused on developing financial products that offer exposure to investment themes appealing to the next generation of investors
"The concept of real time betting, because gaming is within a closed ecosystem, you have the ability, there's only so many possibilities of what can happen within a game, unlike in the NBA where something new happens that you didn't conceive before, because it's within this closed ecosystem you have the ability of having prop bets that are in real time because there's only so many outcomes within the confines of a game."
- Murphy Vandervelde is the co-founder and CEO of Helix esports.
Check out the video above for more on what has them so excited about the future of esports betting.
Topics of discussion include: What the new NERD esports ETF is and what type of investors its right for, why esports is a type of social media for the new generation of digital natives, how betting will help take esports to the next level, and many other exciting aspects of the industry that will provide lots of investment opportunities.