Topic: Fantasy sport as a unique business and entertainment or plagiarism and delusion? - page 2. (Read 285 times)

From what i've seen fantasy sports on the crypto side is somewhat struggling so it might take a while before we'd see trends. Some crypto sportsbooks tried to introduce fantasy sports back then but it didn't blow up as much.

The only project I know so far is Sorare I think their fantasy sports project is similar to what you've mentioned where their cards could go for more since some of the cards they put in circulation only have a limited quantity but i'm not interested in fantasy sports though.

Fantasy sports would be a good and unique business and form of entertainment because it offers an alternative and more convenient way to ease boredom and play. It is almost similar to the typical and real sports and the only difference is that is it done over the Internet (online). Fantasy sports aren't categorized though as gambling since it is not a game of chance, but a game of skills. The more your players are performing nicely in real life, the more your fantasy points will be earned.

It is a good way of entertaining and enjoying the traditional sports. However the talk of its legality and its originality is often questioned. Since the concept and idea of the game is based on the traditional sports, it is quite associated with plagiarism. I guess it would be the State's discretion if they would allow such thing in their country. Whether they would legalize it and see or view it as a unique and potential business or not.

One of the prospective ways to use cryptocurrencies in the area of betting and sports-games. So probably Fantasy Sport also may be. Let's talk about this phenomenon for a while, esp in crypto-retrospective.

Many sports betting enthusiasts would love to have bets every hour every day. Still, unfortunately, there are not so many significant sports events in real life that happen every hour to provide bookmakers the opportunity to accept those potential bets every hour. Since the number of people wishing to place a bet is growing, and the proportionality of real events in the world is not so great, a new ideal option was invented - fantasy sport (also known as rotisserie or roto).

Roto is a type of game where the manager (player) of the game creates his virtual team based on the statistics of real players and makes his predictions for winning. Then all the data is converted into points, which can be calculated by a "league commissioner" or a computer, tracking the actual results of professional sports. Here the "manager" can either exchange or discard players, as it happens in real sports.



Today there are many real websites where you can bet on virtual sports, but it can be not easy to appreciate their real value and differences. The Data40 team made a step into the Fantasy sports industry and created a dataset. Some of its points are mentioned below.

There is a huge advantage now in the use of cryptocurrencies because they do not tie the user to a specific location. The blockchain system is the best way to hide data if there is a need for this. Withdrawals can be made without intermediaries of other banks. Thus, transactions are not traceable.

Internet-boom

The prototype of a modern fantasy betting website was Molson Breweries in 1995, and a year later, it received the International Digital Media Award for Best Website of 1995. Commissioner.com, launched on the first day of 1997, initially offered services such as statistics, league message boards, score updates, and other features for fantasy baseball. In the late 1990s, SportsLine was sold for $ 31 million and three years later brought them a combined income of 11 million. It is now the main engine behind the CBSSports.com fantasy zone since CBS bought it in 2004.

Other sites that have linked to fantasy sports have grown significantly. One of these is RotoWire.com, formerly known as RotoNews.com. According to Media Metrix, after creating the first article on this genre within two years, the site became the top ten most visited. In the late 2000s, it was sold to Broadband Sports.
This popularity has attracted other major media players as well. Fantasy Sports Yahoo introduced a new business model in 1999. A survey of the fantasy sports market in the U.S.



The game in the genre of fantasy began literally to contribute to watching TV, based on surveys; men spent more than 6 hours a week on this. The NFL started airing the first fantasy football television commercials. A 2003 study by the Fantasy Sports Trade Association found that about 15 people are playing the genre. Ten years later, Forbes shows that the number of Americans playing the industry has doubled.

In 2008, Montana began offering fantasy sports betting for the first time. In 2012, a lot of fantasy sports apps appeared.

Can any make money on bets?

Today bets in fantasy sports do not take place per game for the entire season, but only for a week or daily. This makes it possible to get a profit faster and do real business on it. Now the legality of games is out of the question and allows players to play from anywhere in the world. The blockchain system is perfectly embedded in betting and games. Everyone can withdraw funds directly to their wallet without going to banks.

Thanks to the Internet, fantasy sports sites can be easily found, but the list will not give an understanding of the complete picture. Today bookmakers make bets much easier than before. All you need is a device with Internet access. Not only ordinary money can be used, but also cryptocurrency. And this, you see, is very convenient.

Ethereum, Bitcoin, Fantasy Gold are suitable for this. The Fantasy Gold wallet can be encrypted, backed up, and saved offline to a USB stick or other air gap device. The wallet only needs an internet connection to sync with the Fantasy Gold blockchain, send transactions, or when used as a betting wallet when the cryptocurrency enters the bet confirmation phase.

According to our data, in July this year alone, the traffic of the cbssports website brought over 75,000,000 unique visitors. And the statistics of the number of users is growing daily, although it all began in the United States. Today the whole world is closely following sports events, getting money for pleasure.

The main properties of such products

As the data show, the growth of this type of bet is growing due to convenient use: on some websites, players choose mainly mobile devices for playing, rather than personal computers. Basically, the language and type of authorization can also be found in the list.

Sports knowledge increases the participant's chances of winning. The higher the stakes, the higher the winnings. Fantasy points are used to determine the winners of DFS fantasy tournaments. Each site that provides daily fantasy games has its own rules for scoring.

Today the bookmaker market is changing, and it is essential to have time to "jump on this train early", because this phenomenon has not yet swept over the CIS countries and some other territories. Therefore, there is a minimum of competition.

There are more and more opportunities for competition: both for money and against friends or just for your pleasure. Some applications even allow you to create your own league and set your own rules there. Today, fantasy sports include basketball, hockey, tennis, e-sports, Formula 1, handball, cricket. There are also games according to the format of prizes: no prizes or with prizes in the form of sports paraphernalia, cash prizes. According to the duration of the game, games can be one-day, weekly, seasonal, and so on.

Now the threshold is close to zero on some websites, which shows the points of development of this genre for the future in the CIS countries, Asia and Russia. Also, the site always provides rules for games. Common rules most often determine the number of eligible players in a team, as well as the award of fantasy points and the distribution of the prize pool. More and more fantasy game formats appear every day.

Most significant projects and leaders in fantasy sport

The amount of the minimum deposit on the sites may differ. Fantasy sports leaders vary depending on the genre. For example, it is better to play for money at Fanteam. They recently added esports - CS: GO, Dota 2, LoL - and even cricket baseball. The administration quickly responds to comments on the website, which does excellent service. For the baseball genre, the NBA is well suited. The number of matches per day at the latter is enormous, but this is understandable, especially for fans of American baseball.



Not all sites can play for real money, and many do not have adaptations for Mobile app. For example, they are not on the sites ESPN, MLB, sports yahoo, Sports.ru and many others. The undisputed leaders in terms of traffic are cbssports.com, mpl.live, fanduel.com.

In the list of leaders for 2021, the fifth place is occupied by What If Sports, according to research by Data40.

FanDuel and DraftKings, two of the largest paid fantasy platforms, are bucking this considerable demand, multiplying the excitement for the opportunity to win. FanDuel's largest open league, the Sunday Millions, has a weekly prize pool of $ 2.25 million. The winner receives $ 250,000. Some 21,000 players end up in the black with up to $ 50 in bonuses.

How cryptocurrency is related to FS

In some regions, well-known platforms are provided only partially. This reduces competition and can increase the growth of income several times. In the USA, where the competition is very high and many interested players, it is more difficult to win.

According to the FTS, players spend on average about $ 556 on fantasy games. About 70% of this amount is spent on purchasing the league favorites. According to data for 16, Europeans spend about $ 600 a year, although in the previous year the figure was twice lower.

For the CIS countries, this is a considerable advantage and attracts more and more players every year. Such a business is increasing the number of fantasy sports sites and shows that the trend is growing. Most of them use cryptocurrency.

Russia, Asia and other countries are gradually catching up with the USA and Canada. Over the course of a year, the number of players almost doubles. The FS market for 2015 was estimated at about 3-4 billion dollars.

The use of cryptocurrencies dramatically increases the importance of fantasy sports, attracting more and more players. Fast transactions and smooth withdrawals are more enjoyable for players.

And here are several questions:

* is there any future for crypto-related Fantasy Sports?
* maybe any currently available projects?
* what kind of opportunities for NFT types could be related to Fantasy Sports? It's quite easy to imagine token with Virtual Ronaldo, which goes several million on auction price