- Fandom Sports Media (FDM) has received an internet gaming and wagering license from the Curaçao Gaming Control Board
- The license is a pre-requisite for global esports wagering and 18+ iGaming, and allows for fantasy, pools, fixed odds and exchange style wagering
- A subsidiary entity, Fandom Esports Curaçao NV, was created through which the application for the license was made
- The company will now be able to to accept wagers from more than 149 jurisdictions worldwide
- Fandom Sports Media (FDM) is currently steady and is trading at C$0.40 per share
Fandom Sports Media (FDM) has received an internet gaming and wagering license from the Curaçao Gaming Control Board.
Headquartered in Vancouver, the company aggregates, curates and produces unique fan-focused content via its proprietary gaming and micro-services platform for esports. Fandom Sport Media applied for the license in early July this year through a specially created subsidiary, Fandom Esports Curaçao NV.
With the license now received, Fandom Sports Media will be able to market, promote and offer their games of chance to more than 149 jurisdictions worldwide, including fantasy, pool, fixed odds and exchange style wagering on licensed, regulated and secure esports events through the company’s Fandom Esports App.
The company now intends to pursue other license regimes as part of a broader strategy to expand its global footprint.
David Vinokurov, CEO of Fandom Sports Media, said he is pleased to have secured the license.
“Curaçao is recognised as one of the world’s leading iGaming jurisdictions and this license authorises Fandom Sports to deliver real money next generation online gambling to esports enthusiasts.
“Licensed esports betting companies have a high implied value in line with their ability to create meaningful and relevant ROI for their shareholders. We similarly look forward to continuing on our current growth and ROI focused strategy,” he added.
According to a report by 2CV, a consumer research agency, and ProdegeMR, a market researcher, global esports wagering revenue is set to more than double from C$9.3 billion in 2019 to over $18.7 billion this year, largely driven by the widespread outbreak of the COVID-19 pandemic.
Fandom Sports Media (FDM) is currently steady and is trading at 40 cents per share at 12:18pm EDT.