The full form of eSports is electronic sports. It is a competition of video games which is an organized competition and multiple players can take part in it at a time. These kinds of competitions are generally arranged for professional video game players which going on for a long time. Since the year 2000, there were only amateur players but after 2010 the picture changed a lot. New interventions from different professional game developers and funding from private parties made it world-famous. For the new generation, it is a matter of entertainment to see these kinds of competitions by live streaming.
Some of the very popular franchises of these competitions are Dota, League of Legends, Counterstrike, Super Smash Bros. but these are not all. There are many more names to come in this arena and it is becoming a haven for professional gamers. There are different tournaments of eSports and they are world-famous. There is World Championship of League of Legends along with Extreme Masters do Intel.
Though these competitions are running very successful for years but there are questions on the legitimacy of these competitions. Despite the questions aroused in these games, but there is some good news too for professional games. There are plans to include them in the arena of the Olympic Games as there are almost 454 million viewers of these competitions throughout the world. The platforms to stream these games online are also increasing at a considerable rate with some common platforms like YouTube. Most of the viewers of these competitions are male though, the numbers of female participants are also increasing at a very inspiring rate also.
Few Facts about eSports Betting
Sports betting is nothing but a prediction of the result of the games. One who can correctly predict the results wins a considerable amount of money or kinds from the team. The practice of sports betting is of age-old and in many old documents, there is evidence of such betting. In the modern world, sports betting has grabbed many types of sports like basketball, association football, baseball, American football and so on. Betting is prevalent both on a personal and professional level and it has got its reach up to non-athletic events too like racing of greyhounds, horse racing, etc. there are several sites that offer lucrative wagers for such betting activities.
Like the other games, eSports is also experiencing a large rate of growth in the viewership of it. But there is another aspect of the games where there are questions from various authorities. The betting industry has also put its hand into these competitions. From 2018 the US Supreme Court has given its verdict by which it has been legalized over there and thus it has brought a very lucrative opportunity to the gamblers and also to the investors. But as sports betting has been legalized in the US, the treats of unregulated betting, fixing the results of the matches and other threats has started arising their head.
eSports Industry Raise Like a Meteor
The existence of the eSports industry is not very old. eSports does not have a parallel competitor which has risen so fast in the arena of competitive sports. In recent days the values of the eSports for CS GO betting has been grown at an exploratory rate. Forbes magazine has brought a fact in front that the revenue of some eSports teams exceeds greatly than some of the major teams of sports. It has been forecasted that the revenues of eSports games may exceed the revenues of the traditional athletic sports as it has already beaten the revenue of the film industry by a large margin. Viewing the emerging opportunities of eSport games many companies are showing interest in investing in this industry.
The Recent Trend of Growth of eSports in the US
In 2018 the federal Court of US has made the sports betting legal as it has been mentioned earlier, which was considered illegal for decades. This has made the rising investment opportunity of this industry, a ripe one and now everyone is moving towards it to take advantage of this opportunity. Keeping in mind the opportunist companies that design and program games are now showing hurry in making partnerships with companies that deal with casino management. Not only this, but many startup entities are also coming into this field of eSports betting.
As there are opportunities for huge investment and income from these eSport games, there are many suspicious activities that can be noticed. Some of the betting entities are all set there to exploit the opportunities. There is an alarming rate of rising in the count of suspicious activities on eSports betting. ESIC has received a shocking rate of 75% increase in suspicious betting activities. In the case of Dota2, it is a matter of even more concern that the rising rate has been recorded as 100%.
There are some good aspects of any decision along with some bad effects too. No one can deny that the current scenario of the rise in suspicious betting activities in the case of eSports is caused due to the verdict of the US Supreme Court. The situation is farther more alarming that the actual incident rate is far more than that of reported to the appropriate authority.
What are the Spaces to Exit?
Though there are reasons to worry about the current scenario of illegal betting, still there are some rays of hope for the general users. The sudden growth of betting activities may have opened many windows to make a profit, but there are some areas of this industry where the stiff focus is needed. The appropriate authorities should have made some governing bodies that will look after the rules and regulations of these betting activities. Not only this, there should be some provision of negative reinforcement activities due to illicit betting practices. These interventions can make the industry as well regulated and flawless one in the coming days.