*By Brandon Brathwaite* After the "TMartin Counter-Strike: Global Offensive" skin scandal ー in which CSGO Lotto deceived users into thinking their odds were more favorable than they actually were ー the subject of gambling and esports became a point of serious tension for gamers. For companies like Unikrn, which built its platform on the practice of esports betting, battling that stigma is a central, implicit part of the operation. But according to CEO and co-founder Rahul Sood, the company is determined to make betting on esports a “safe, legal, and relegated” space. Sood told Cheddar Sports: “I like to bet on sports and I like to bet on esports.” “Up until now,” he added, “there hasn’t been a comprehensive legit space to bet.” Fortunately, Sood has some pretty influential partners. Unikrn has investments from celebrity names like Mark Cuban and Ashton Kutcher ー the company has raised $10 million in venture funding and an additional $25 million for an initial coin offering for its cryptocurrency, UnikoinGold. Through UnikoinGold or U.S. dollars, users can bet on esports events ー and even bet on themselves in games. “For example, you can load up a game in ‘Fortnite’ and you can bet on yourself that you’ll be 1 of 100. We’ll put odds on your chances of being that one of 100,” Sood said. As for the prospects of esports as a whole, Sood is optimistic about its future ー and he pointed to moments like Drake and Ninja’s Twitch stream as a positive indicator of its growth. He predicted that "the future of sports is really esports." “When you start to look at these older sports they’re losing the younger demographic or their fans are getting older,” Sood said. “More esports fans are being born. That’s just the reality of the situation.”

Share:
More In Sports
Major Leagues Turn to Instagram Whiz to Reach Sports Fans
Omar Raja, the founder of Bleacher Report's House of Highlights Instagram, said social media is "a young person's television," and that professional sports leagues have been reaching out to him to help them bolster the audience for live sports.
ClassPass CEO on the Company's New $85 Million Funding
Fitness platform ClassPass raised $85 million in new funding, bringing its total amount raised to $255 million. CEO Fritz Lanman breaks down his expansion plans and why Classpass wants to be your one-stop shop for both fitness and wellness.
How FIFA eWorld Cup is Globalizing eSports
Alex Betancourt, Sole North American competitor in the 2018 FIFA eWorld Cup, sat down with MLS's Senior Director of Properties and Cheddar anchors to discuss the challenges facing eSports--and the potential for e-games to triumph as The Grand Finale looms.
Deloitte Analyst Urges Investors to Ride the eSports Wave
eSports are growing rapidly and fans are spending hours upon hours streaming their favorites. Pete Giorgio, Lead of U.S. Sports at Deloitte, explains the sudden growth in the industry and what more traditional leagues can learn from eSports.
Esports Deal with ESPN Boosts Overwatch Viewership
Nicole Carpenter, Reporter at Dot, claims the ESPN esports deal is responsible for the spike in Overwatch League viewership. Carpenter predicts on Cheddar the Philly Fusion will emerge the victor this Friday at the finals.
Load More