eSports Gambling Industry Launches Preemptive Strike in Wake of Regulatory Fears
eSports gambling site Unikrn has developed a “Code of Compliance” as it relates to preventing match fixing and cheating.
The news comes just weeks after an insider trading scandal erupted within the Daily Fantasy Sports industry.
"As eSports reaches a tipping point of mainstream acceptance, the legitimacy of match results is more paramount than ever," Unikrn CEO Rahul Sood said.
"Advertisers, investors and fans depend on it, and that is why we're launching a collaborative system to ensure competitive integrity and anti-cheating across all major competitions. The key here is getting all key stakeholders to the table, engaging in proactive discussions to set industry standards."
eSports is a massive industry that is expected to generate $111 million in revenues this year alone.
Unikrn, which is based in Seattle, Washington but does not yet accept wagers from U.S. citizens, has begun its focus in regulated markets such as the United Kingdom and Australia. The company, with initial investment money from Dallas Mavericks owner Mark Cuban, is making preparations to enter the U.S. market once the proper legal framework can be established.
- Aaron Goldstein, Gambling911.com
