- Fandom Sports Media (FDM) is filing a submission to the Curaçao Gaming Control Board to apply for an esports gaming license
- The license is a pre-requisite for global esports wagering and 18+ iGaming, and will allow for fantasy, pools, fixed odds and exchange style wagering
- A subsidiary entity, Fandom Esports Curaçao NV, has been formed through which the application will be made
- With the license in place, the company will be able to accept wagers from more than 149 jurisdictions worldwide
- Fandom Sports Media (FDM) is up five per cent and is trading at C$0.42 per share
Fandom Sports Media (FDM) is filing a submission to the Curaçao Gaming Control Board to apply for an esports gaming license.
Headquartered in Vancouver, the company aggregates, curates and produces unique fan-focused content via its proprietary gaming and micro-services platform for esports.
Today’s announcement confirmed that the necessary documentation has been compiled for submission, and will be filed through a specially created subsidiary, Fandom Esports Curaçao NV.
The esports gaming license is a pre-requisite for global espartos wagering and 18+ iGaming, and once received will allow for fantasy, pool, fixed odds and exchange style wagering on licensed, regulated and secure esports events through the company’s Fandom Esports App.
With the license, Fandom Sports Media will be in a position to accept wagers from residents within more than 149 jurisdictions. The company is anticipating receipt of the license within the next 45 to 60 days.
David Vinokurov, President and CEO of Fandom Sports Media, noted that esports betting is continuing to heat up while corporate valuations further escalate.
“Fandom Sports has proprietary technology in place that gives us a decided edge over competitors and we are looking forward to rapid deployment.
“We are grateful to our stellar advisory team who are being instrumental in providing strategic guidance to help us get our model fine-tuned to exploit this rapidly evolving sector of an already booming esports industry,” he said.
According to a report by 2CV, a consumer research agency, and ProdegeMR, a market researcher, global esports wagering revenue is set to more than double from $7 billion in 2019 to over $14 billion this year, largely driven by the widespread outbreak of the COVID-19 pandemic.
As such, Fandom Sports Media is continuing its work to assess other global iGaming channels, including license accreditations, to develop a network of compliant license regimes and operating subsidiaries.
Fandom Sports Media (FDM) is up five per cent and is trading at C$0.42 per share at 1:50pm EDT.
