Toronto, Ontario–(Newsfile Corp. – March 8, 2022) – Tiidal Gaming Group Corp. (CSE: TIDL) ("Tiidal Gaming" or the "Company"), a leading esports and gaming platform company, is pleased to announce that Sportsflare, a wholly-owned division of Tiidal Gaming, has launched the first-of-its-kind player proposition ("prop") markets for Dota 2 on its platform.
Player prop markets allow bettors to wager on certain outcomes that are determined by the performance of individual players during a game.
Sportsflare will be the first odds provider to deliver player prop markets for Dota 2, an immensely popular esports title. This offering for Dota 2 is currently not available on any bookmaker and to date, there are no platform providers that provide it as part of their core product offering. With accurate and reliable data sources for player settlement, combining automation with 24/7 supervision and content review, Sportsflare already offers the most comprehensive CS:GO player prop coverage based on the number of available matches and markets in the industry. As a result, the new offering enables Sportsflare to deliver an extensive suite of player prop markets.
Overview of Sportsflare's Player Prop Markets for Dota 2
Betting options: Player kills over/under on every map
Available for Tier 1 Dota 2 games within major esports competitions
Over 3,000 fixtures covered per year
The player prop markets for Dota 2 along with CS:GO will be charged based on an artificial intelligence (AI) driven pricing model to enhance returns on each bet placed. This offering will be provided in pre-match markets and Sportsflare's esports Betbuilder, which allows player props to be combined with other Dota 2 prop bets, creating unique and engaging bet slips. The Dota 2 player prop markets will be available for all sportsbooks that license Sportsflare's data.
Market Statistics
Fixed-odds betting, which includes proposition wagering, held the largest revenue share within the global sports betting industry in 2020, generating over US$16.75 billion.1 In addition, prop bets are increasing in popularity within U.S. sportsbooks as well as Canadian lottery companies, especially since the legalization of single-event sports betting in Canada.2
Given the market opportunity for prop wagering, the addition of player prop markets for Dota 2 to the Company's technology platform, highlights Sportsflare's commitment to offer a wider selection of esports betting solutions, which includes products that have seen success in traditional sports. Tiidal Gaming will continue to develop new innovative gaming solutions through Sportsflare to offer more competitive gambling offerings.
"The new player prop markets for Dota 2 gives us a first-mover advantage in the esports space as there are currently no sportsbooks or platform providers that offer this product," said Max Polaczuk, Chief Technology Officer of Tiidal Gaming. "Prop betting has been successful in traditional sports where fans follow players as much as they follow their favourite teams. We believe that the esports industry is no different and by providing player prop wagering for leading esports titles, we will be able to offer esports fans to bet on specific outcomes revolving around the players they follow. Moving forward, we will continue to offer additional product offerings that will improve the betting experience and subsequently boost betting activity by a significant margin."
About Tiidal Gaming
Tiidal Gaming is a leading media and technology platform enabling next generation engagement in esports and gaming. We are positioned at the intersection of gaming, media, and betting and enable our partners to create positive, engaging, and immersive fan and consumer experiences through our industry-leading media and technology offerings. With deep industry roots and expertise, Tiidal is focused on the next generation of fan and consumer and building the future of game-based entertainment. For more information, please visit www.tiidal.gg.
For more information, please contact:
Tom Hearne
Chief Executive Officer, Tiidal Gaming
e: [email protected]
t: 416-560-0528
Investor Relations
e: [email protected]
t: 905-510-7636
Forward-Looking Information
This news release contains certain forward-looking statements that reflect the current views and/or expectations of management of the Company with respect to performance, business and future events. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.
Neither the Canadian Securities Exchange (the "CSE") nor its Market Regulator (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
https://www.grandviewresearch.com/industry-analysis/sports-betting-market-report
https://www.thestar.com/sports/sports-betting/2022/01/21/in-game-betting-becoming-more-of-a-favourite-among-gamblers.html
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115906
Related Quotes
(Bloomberg) — Russia’s decision to block foreign owners from seizing hundreds of planes worth about $10 billion is roiling a market where aircraft leases are bundled into bonds and sold to investors.Most Read from BloombergChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanBiden to Sign Crypto Order as Firms Face Sanctions PressureUkraine Update: Russia’s Gas Threat; Cease-Fire Talks StruggleU.S. and U.K. Poised for Ban on Imports of Russian Oil TodayCovid Can Shrink the Brain as Much as
For weeks now, I’ve highlighted the potential for a sharp breakdown in the stock market. We are getting confirmations now and a collapse may be imminent.
Back up the dump truck on Caterpillar, says Jefferies.
After the downturn in the markets yesterday and as energy prices continue to rise today, conservative investors are looking to fortify their portfolios by adding metals exposure to their holdings. The price of gold, for example, crossed the $2,000-per-ounce mark today for the first time since August 2020, while other precious metals like silver, platinum, and palladium are also rising today. It's no wonder, therefore, that Northern Dynasty Minerals (NYSEMKT: NAK), PolyMet Mining (NYSEMKT: PLM), and TMC the metals company (NASDAQ: TMC) are all looking a lot more lustrous in investors' eyes today.
In this article, we present the list of the 10 stocks that Jim Cramer recommends to sell. You can skip our comprehensive analysis of Jim Cramer’s history, investment philosophy, and hedge fund performance, and go directly to Jim Cramer Recommends Selling These 5 Stocks. Last week, Jim Cramer bemoaned the huge selloff that is rattling […]
What can we make of the markets right now? On Friday, we saw the February jobs numbers – and they were far above the expectations. The economy added 678,000 jobs in the month, against a forecast of 400,000, and the official unemployment rate ticked down to 3.8%. It was the best jobs print of the ‘pandemic era.’ But it didn’t move the dial. The war in Ukraine did, and that movement wasn’t positive. All three of Wall Street’s major benchmarks are down as this week gets started, capping a weeks-lon
The company divested a lower-growth and lower-margin segment
Despite big gains today, the biotech specialist's share price is still down roughly 46% over the past year of trading.
What happened Shares of special purpose acquisition company (SPAC) Digital World Acquisition Corp. (NASDAQ: DWAC) dropped as much as 15.1% in trading on Tuesday as its acquisition target, Truth Social, faces challenges.
Annaly Capital Management (NYSE: NLY) endured a rocky February as its stock price plummeted 11.9%, according to S&P Global Market Intelligence. The mortgage real estate investment trust (REIT) underperformed the S&P 500, which was down 3.2% in February, and the Nasdaq Composite, which was off 3.4%. Annaly Capital is down roughly 10% year to date in 2022 as of March 7, the same as the S&P 500.
The S&P 500 rose 1.3% for the week, so I lost badly last week. The S&P 500 has now outperformed my bearish picks — meaning that I beat the market, as these are stocks I suggest investors avoid — in 17 of the past 20 weeks. This week, I see Fossil (NASDAQ: FOSL), Vera Bradley (NASDAQ: VRA), and Atlria (NYSE: MO) as stocks that you may want to consider steering clear from.
Asset manager Cathie Wood on Monday bought and sold a number of household names as the stock market tumbled.
The S&P 500 index is closing in a death cross, an ominous chart pattern that underscores the downtrend suffered in an asset.
Covid-19 and Russia have impacted the stock price
After several delays and setbacks, Novavax (NVAX) finally filed an EUA request for its Covid-19 vaccine with the FDA at the end of January. Given precedents and the company’s recent comments, Jefferies’ Roger Song thinks a decision is due shortly. “We see the decision as a near-term stock-moving catalyst, and high likelihood of positive outcome, providing upside potential to the current share price,” Song opined. That could come in handy right now. Like most of the market, the stock has retreate
The stock of 3M (NYSE: MMM) tumbled 10.5% in the month of February, according to data provided by S&P Global Market Intelligence. With shares of the industrial conglomerate losing another 3% so far in March, 3M stock is now barely 4% away from its 52-week lows as of noon Tuesday. First, 3M stock started to feel the heat from the end of January when it released its fourth-quarter and full-year 2021 numbers.
Semiconductor stocks, which have been under pressure the past several days, bounced back in a big way Tuesday afternoon. As of 1:15 p.m. ET, shares of Nvidia (NASDAQ: NVDA) are up 4.3%, Advanced Micro Devices (NASDAQ: AMD) is up 5.6%, and Micron (NASDAQ: MU) rounds out the list with a 5.7% gain. After all, Micron shares shed 17% of their value over the past three weeks.
Increasing oil prices are priming the pump for new exploration, and these two stocks should come out on top.
The used-oil refiner reported earnings, but it was the business update that likely put investors in a buying mood.
Retail traders aren’t just buying the dip on Tesla (TSLA) and Apple (AAPL). They’re also riding the upward wave on energy stocks – particularly small US companies.
