Each match takes around 20 minutes to complete, according to a statement from the startup. So you win (or lose) crypto pretty quickly.
Entrepreneurs in Argentina founded Experimental in 2018 and since then it’s raised US$500,000 in funding.
E-sports are “having a moment”
To some, betting money (or cryptocurrencies) on a video game sounds like gambling. Nonetheless, e-sports advocates state that it’s not gambling since winning is based on skill, rather than luck.
But interestingly enough, the ongoing pandemic may have pushed live-sports gamblers to the digital sphere. One e-sports betting platform, Loot.bet, reported daily bet volume has increased by 20 percent.
And when you think about it, to a degree, we’ve always been primed for esports.
We grew up on the school-yard playing games that require skills like tazos, marbles, or others of that nature “for keeps.” Should videogames be treated differently since it’s money that’s at stake?
To engage in the latest trends, developments, and opportunities in finance and financial technology across Australia and Latin America, join our community at Finance and FinTech Group.
Not yet a member? Get connected and be inspired by more incredible Latin American and Australian professionals. Join the growing Somos21 Community.