- Fandom Sports Media (FDM) has completed the formation of its foreign subsidiary company Bridarias Limited
- Bridarias will arrange the banking and payment processing relationships needed to support Fandom’s launch of a global esports wagering platform
- Fandom is continuing to execute the corporate governance initiatives to support the wagering platform’s rollout
- The wagering platform will launch independently, before the company’s all-ages prediction platform goes live
- Fandom Sports Media (FDM) is up 7.14 per cent, and is currently trading for 7.5 cents per share
Fandom Sports Media (FDM) has completed the formation of its foreign subsidiary company Bridarias Limited.
The Bridarias corporation is domiciled in the Mediterranean island of Cyprus, located off the coast of Greece and Turkey.
It will be the first corporate entity to arrange the banking and payment processing relationships which are essential to supporting Fandom’s launch of a global esports wagering platform.
Fandom Sports Media has been working on the launch of its wagering platform for some time. Currently, the company is continuing to execute on the corporate governance initiatives to support the wagering platform’s rollout.
Once ready, the wagering platform will launch independently, before Fandom’s all-ages prediction platform goes live.
The company currently has a Curacao Internet Gaming License, for the Right of Use for Offshore Games of Chance and Wagering. Fandom received this license from the Curacao Gaming Control Board in early August, after applying for it in July.
The license allows the company to market, promote, and offer its games of chance to all jurisdictions, other than those explicitly forbidden under its terms.
Fandom Sports’ CEO, David Vinokurov, commented on the company’s progress towards rolling out the wagering platform.
“We continue to build out a proprietary Esports ecosystem that encompasses predictions in both an all ages based fun environment and a licensed and regulatory iGaming wagering model.
“The sector continues to transparently demonstrate explosive growth and it’s our intention to capitalise on the entirety of the Esports fanbase,” he said.
Fandom Sports Media (FDM) is up 7.14 per cent, and trading for 7.5 cents per share, as of 9:30am EDT.