Esports Technologies Joins the Esports Integrity Commission

Rhea-AI Summary

Esports Technologies (NASDAQ: EBET) has joined the Esports Integrity Commission (ESIC) to combat match-fixing and corrupt betting in esports. Founded in 2016, ESIC is a non-profit organization comprising industry leaders dedicated to maintaining competition integrity. Recently, ESIC banned 35 players for betting-related infractions on ESEA. Bart Barden, COO of Esports Technologies, emphasized the importance of building trust in esports. This collaboration aims to strengthen stakeholder confidence and enhance the integrity of esports betting.

Positive

• Joining ESIC aligns EBET with industry leaders to enhance credibility.
• Commitment to combat corruption may boost investor confidence.
• Potential for increased trust in esports betting could drive growth.

Negative

• None.

LAS VEGAS, Aug. 12, 2021 /PRNewswire/ -- Esports Technologies Inc. (NASDAQ: EBET), a leading global provider of advanced esports wagering products and technology, today announced it has joined the Esports Integrity Commission (ESIC) in its mission to end match-fixing and corrupt betting activity.

Founded in 2016, ESIC is a not-for-profit association that aims to unite the esports industry under shared values and visions to fight against corruption in any form. Its members protect the integrity of esports competitions, and include tournament operators, national federations, and leaders from the esports betting and media landscape such as Betway, Entain, and GGBet.  

ESIC recently found 35 players guilty of betting-related infractions concerning official matches on the Counter-Strike matchmaking platform ESEA. The players were banned from ESIC partner competitions such as ESL, DreamHack, WePlay, BLAST, LVP, Nodwin, Eden, Relog, UCC, Allied, Kronoverse, Estars and 247 Leagues, and other events for up to 60 months.

Bart Barden, COO of Esports Technologies, said, "We are committed to working closely with ESIC to safeguard the integrity of esports and esports betting. As esports continues to rise in popularity, our coalition will work to build fan and bettor trust in esports tournaments. When the public has trust and confidence in the esports industry, every stakeholder wins."

Ian Smith, ESIC Commissioner, commented, "We are delighted to welcome Esports Technologies as an anti-corruption supporter of ESIC. Our anti-corruption supporters play an important role in our mission to deter cheating and fraudulent activity within esports betting. By joining ESIC, Esports Technologies has displayed its commitment to maintaining the integrity of esports."

About Esports Technologies
Esports Technologies is developing groundbreaking and engaging wagering products for esports fans and bettors around the world. Esports Technologies is one of the leading global providers of esports product, platform and marketing solutions. The company operates a licensed online gambling platform, gogawi.com, that offers real money betting on esports events and professional sports from around the world in a secure environment. The company is developing esports predictive gaming technologies that allow distribution to both customers and business partners.

For more information, visit: https://esportstechnologies.com.

Forward-Looking Statements: This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements involve risks and uncertainties. These statements relate to future events, future expectations, plans and prospects. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, actual results or outcomes may prove to be materially different from the expectations expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed in the Company's filings with the Securities and Exchange Commission, including as set forth in the "Risk Factors" section of the Company's final prospectus, which was filed with the Securities and Exchange Commission on April 16, 2021, as updated by the Company's subsequent Quarterly Reports on Form 10-Q. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

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SOURCE Esports Technologies Inc.

FAQ

What is Esports Technologies' recent announcement regarding ESIC?

Esports Technologies announced it has joined the Esports Integrity Commission to help combat match-fixing and corrupt betting in esports.

How does joining ESIC benefit Esports Technologies (EBET)?

Joining ESIC may enhance EBET's credibility and trust among bettors, potentially leading to increased market share and investor confidence.

What actions has ESIC taken against players recently?

ESIC recently banned 35 players for betting-related infractions on the ESEA platform, affecting their participation in major esports tournaments.