Not sure how this is going to gain traction in the gambling space since besides Taekwondo and MMA, there wasn't any other competition out there with a structured type of play with tournaments and all that shit. All I really mean to say is that Karate still isn't as explored as many would hope it to be, you can't even choose a fighter to place bets with confidently cause 9 times out of 10 you wouldn't have any idea about each players' strengths and weaknesses, and honestly that's not your fault. It's the sport's problem for not being adamant about making it a real competitive sport.
(...)
Rome wasn't built in a day as they say.
If you stick around and start watching KC events regularly, you'll get more familiar with fighters and get to know their strengths/weaknesses.
I agree that KC could use some more structured tournaments/championships, especially in the area of submission grappling. They do have "pit submission series" but, as far as I know, those are just exhibition matches with no title at stake etc.
If the design of the pit is somehow IP-protected, then there's a big potential there, as the design solves a lot of problems that the classic open mats have. If they play it well, they could grow bigger and more prestigious than the ADCC. It will take some time, but it's possible.