Fandom Sports launches a peer-to-peer eSports wagering platform that allows customers to predict or bet on outcomes in the sport with other users.
The move allows players to wager with each other on eSports, with further plans for sports and iGaming offerings planned in early 2020 - it's unclear yet whether Fandom will enter the top Ontario casino sites list with the company focused on sports currently.
The company recently announced that they would be teaming up with Paysafe for payment methods, with leading integrated payment platforms such as Skrill and Neteller now servicing their platform.
David Vinokurov, CEO and President commented: "We are super excited to have completed our banking and payments integrations. Now that the first iteration of our modular wagering platform is live, the Company will be transitioning to an operating and revenue generation trajectory. The P2P Esports is the first instance of our modular approach to building out a holistic wagering and prediction platform."
CEO and President David Vinokurov said in September: "The recent legalization of single-event wagering in Canada and the growing footprint in the United States of state-by-state regulation drives the need for Fandom Sports to be able to expand its technological capabilities to address what is estimated to be a $14-billion CAD industry in Canada and a $203-billion USD global industry, according to Statista for 2020.
"Given that the platform as of launch has been purpose-built from scratch since fall of 2020, I am pleased with the corporate progress and development road map to date.
"Furthermore, with the steady flow of product rollouts and additional potential partnerships on the horizon, I’m confident that 2022 will be a transformational year for value creation and an even more fruitful one than this past year."
The platform currently runs on iOS and Android devices and has two different models to cater to over 18s and minors. The model for users aged 18-years-old or older allows for wagering, while a separate model for u18s is a prediction model that focuses on digital rewards such as skins, avatars and tickets.
Lisenced currently in Curacao, Fandom Sports is currently in the process of obtaining a license from the MGA (Malta Gaming Authority). It's yet to be confirmed whether or not they will attempt to obtain a license in Ontario from the AGCO when they regulate later this year.