Sports integrity, lack of understanding, pose risks for esports wagering

The stellar projections for esports revenue have whet the appetite of online wagering operators, though the absence of regulation, questions over sports integrity and lack of expertise mean widespread adoption in the gambling industry may be far away. By 2020, the number of esports views and enthusiasts are expected to reach a whopping 286 million, drawing in more than $12 billion in wagering turnover. Attracted by the potential and the younger demographic many operators, both land-based and online, have been dipping a toe in the market. Seattle-based Unikrn, a ground-up esports betting provider established in 2014, currently offers their esports betting services to over 20 countries across Europe and Asia and is estimated to generate revenue of $10 million annually. Pinnacle Sports, which runs a successful esports book, is said to have taken more than 8 million esports bets since 2010. Asia’s integrated resort & casino operators have also been making...

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