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What Overwatch and Call of Duty League's Collaboration With Sportradar Means for Esports

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In case you missed it, the Overwatch League and Call of Duty League, which are part of Activision Blizzard (ATVI) - Get Report, have announced a collaboration with Sportradar.

The agreement will allow Sportradar to monitor “global betting activity related to domestic and international Overwatch League and Call of Duty League competitions organized by Activision Blizzard Esports and will report any potential integrity issues to the company to help safeguard the integrity of the competitions,” the companies said in a press release.

Activision Blizzard is trading over $73 a share and is up over 50% in the past year.

But how are esports doing in general, with other sports being forced to shutter?

Well, Jim Cramer's Action Alerts PLUS portfolio has a positive view on the sector.

“I would say the future [of esports] is bright. While COVID certainly accelerated the adoption of gaming, this was a trend already in progress. Given that, while we may see some pullback post-COVID I think it’s an industry that is now making its mark and one that investors need to take seriously,” Zev Fima, an analyst with Action Alerts PLUS portfolio, said about the sector.

Watch the video above for more on the collaboration and what it means not only for esports but also for gambling.

Read TheStreet's exclusive here.

TheStreet is partnering with Sports Illustrated for more exclusive insight. Read more about esports betting from Sports Illustrated's Bill Enright, SI's Fantasy Expert and Fantasy Pro's back-to-back top 10 accuracy.

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