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September 3, 2016

As eSports popularity explodes, betting needs to be regulated

Fans watch as screens show Yang Jin Hyeob, a professional video-game player, competing against Jeong Se Hyun, not pictured, during the final round of the Electronic Arts Inc. (EA) Sports FIFA Online Championship at the Nexon Co. e-Sports Stadium in Seoul, South Korea, on Saturday, Oct. 17, 2015. Video game competitions, known as eSports, have been expanding as gamers seek to shift perceptions around their craft from a basement hobby to a serious money making industry. Photographer: Jean Chung/Bloomberg via Getty Images Esports betting has boomed in the last five years, attracting investments from celebrities, investors and entrepreneurs like Mark Cuban and Ashton Kutcher — even the former NBA Commissioner, David Stern, has talked about it on many forums. Gambling in eSports has charmed stakeholders but it may have created a monster in the gaming industry. As with every growing industry, it’s… Read More

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