{"id":5841,"date":"2018-10-12T05:02:03","date_gmt":"2018-10-12T05:02:03","guid":{"rendered":"https:\/\/esportbet.com\/?p=5841"},"modified":"2018-10-12T05:02:03","modified_gmt":"2018-10-12T05:02:03","slug":"regulation-needed-if-esports-to-reach-betting-potential-experts-say","status":"publish","type":"post","link":"https:\/\/esportbet.com\/regulation-needed-if-esports-to-reach-betting-potential-experts-say\/","title":{"rendered":"Regulation needed if eSports to reach betting potential, experts say"},"content":{"rendered":"

TIGHTER regulations and more work done to protect the absolute integrity of eSports and eSports wagering will help the emerging sport reach its full potential, according to industry experts.<\/p>\n

Global Market Advisors representative John English and Bahar Alaeddini from Harris Hagan spoke to interested onlookers at G2E in Las Vegas last week, painting a promising picture for the exciting industry.<\/p>\n

While many bookmakers around the world already offer markets on popular eSports events<\/a>, recent murmurings around potential integrity and corruption issues could put the sport’s growth in jeopardy.<\/p>\n

And what incredible growth it has experienced to date.<\/p>\n

Rough estimations have eSports reaching over $900 million in global earnings in 2018. In 2020 that figure is forecast to reach $1.65 billion.<\/p>\n

Alaeddini said the potential was obvious for all to see.<\/p>\n

\u201cIt would be an enormous missed opportunity if betting on esports is not allowed,\u201d he said.<\/p>\n

\u201cThe question that needs to be asked is not whether you like it or not, but how you can become part of it.”<\/p>\n

The industry has not sat on its hands when it comes to integrity and regulation<\/a>.<\/p>\n

The eSports Integrity Coalition was established in 2016 and attempts to develop strong ties with governing bodies, gaming regulators, bookmakers and even game developers is ongoing.<\/p>\n

\u201cThe betting operators have a very strong vested interest because they\u2019re the ones who lose out financially,\u201d Alaeddini said.<\/p>\n

Interestingly, John English compared eSports to the early years of the MMA and the UFC \u2014 an industry that was able to clean up its integrity and is now widely renowned as one of the biggest gambling sports in the world. <\/p>\n

\u201cIt reminds me of those days,\u201d said English. \u201cWe didn\u2019t have regulations. It was whether we would take that risk and whether the integrity was there. Where they (UFC) started and where they\u2019ve come is similar to [where esports is now]. It won\u2019t take long for all that to happen [for esports].\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Tighter regulations and more work done to protect the absolute integrity of eSports and eSports wagering will help the emerging sport reach its full potential, according to industry experts.<\/p>\n","protected":false},"author":15,"featured_media":5403,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","footnotes":""},"categories":[3],"tags":[473,4],"class_list":["post-5841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-esports-betting","tag-featured"],"yoast_head":"\nRegulation needed if eSports to reach betting potential, experts say - Esport Bet<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/esportbet.com\/regulation-needed-if-esports-to-reach-betting-potential-experts-say\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulation needed if eSports to reach betting potential, experts say - 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