The esports betting Ecosystem has emerged in recent years, but the future of the sector remains unclear. The industry has already faced challenges, including uncertainty over the future of the Esports Integrity Fee, a fee that allows sponsors to make a profit from a team’s winnings. On the other hand, the recent growth of the sponsorship market for CS:GO and Dota 2 has opened up new revenue streams for betting companies.
The esports betting Ecosystem is also plagued by problems of trust and transparency. Several scandals involving cheating and match fixing have rocked the esports industry. For example, seven CS:GO players were banned for fixing matches and betting on their own games. The scandal prompted the formation of the Esports Integrity Commission, or ESIC. In its first eleven months, the ESIC uncovered 117 suspicious betting cases.
Currently, the esports betting Ecosystem is populated with innovative betting services. These providers offer pre-match and in-game betting opportunities for a wide range of games. Moreover, they provide data to a multitude of different stakeholders, including eSports operators.
Most esports betting is straightforward: participants place bets on the winner before competitions. However, there are also betting services that provide granular odds, allowing users to bet on specific interactions in-game. One such company is Oddin, which offers granular odds and live betting services for some of the most popular esports games.