Esports Technologies (NASDAQ:EBET), a provider of esports wagering platforms and related to technologies, has filed a patent of invention for a new esports betting exchange.
The Las Vegas-based keep company is angling to convey esports betting to a wider audience inward the US. Currently, Esports Technologies’ gogawi.com program is a sportsbook focusing on bettors inwards Asia and Latin America.
The patent coating describes a private betting change mould that is configured to extend operators and high-volume bettors greater liquidity and improved pricing inwards an esports betting environment where big play sizes ut not wallop securities industry prices,” said the fellowship in a statement.
In the patent application, Esports Technologies details users’ ability to take part inward various esports wagering markets. Those include games, teams, players, and the capability of the political platform to group those wagers into larger blocks, potentially bolstering liquidity in the underlying market.
In simple terms, sports wagering liquidity refers to the power of the market to suck up big wagers or significant ordering flowing without material alteration. For example, a extremely swimming market, say the NFL, can buoy hold a $500,000 bet on a bingle game, and a sportsbook manipulator might only when make a motion the line of business a half-point or point. In a to a lesser extent robust marketplace same esports, magnanimous wagers tin can dramatically alter odds.
Esports Technologies Creating Wide Patent Portfolio
The recent patent of invention filing is Esports Technologies’ third in less than Little Phoebe months. In June, the company filed a patent application program for its existing engineering that improves “the betting get for sports and esports unrecorded streaming events.”
For companies ilk Esports Technologies, the combination of streaming and wagering is alluring. The marriage ceremony potentially taps into something gaming companies crave: Access to a younger, tech-savvy pocket billiards of would-be bettors. Importantly, data supports the whimsey that streaming is stealing percentage from one-dimensional television.
“In August 2021, the companionship filed a provisional patent of invention diligence for a technology that uses hokey intelligence information to bring forth odds models for enjoyment inward a betting algorithm for esports tournaments and various stages of a tournament,” according to the statement. “In June 2021, it filed a patent of invention covering a proprietary live streaming technology that integrates sports and esports wagering across many of the to the highest degree popular streaming platforms, including Twitch, YouTube, Facebook Gaming, and Hulu, among others.”
Esports Technologies Stock Calm on News
Shares of Esports Technologies, a buy in with a penchant for giving moves inwards both directions, were surprisingly teachable today on intelligence of the new patent filing, closing higher by 0.63 percent on below-average volume.
The companion went public earlier this year and is turned almost 22 percent since its initial public offering. But it has some recent momentum, climbing 19.36 percent o'er the yesteryear 90 days. Among in public traded gaming companies, those with cyberspace gambling casino and sports betting exposure are getting to the highest degree of the attention. But that could vary as more domestic jurisdictions okay esports wagering.
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