{"id":190885,"date":"2021-11-02T13:23:17","date_gmt":"2021-11-02T20:23:17","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=190885"},"modified":"2021-11-02T13:45:05","modified_gmt":"2021-11-02T20:45:05","slug":"esports-technologies-adds-another-filing-to-patent-portfolio","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/","title":{"rendered":"Esports Technologies Seeking Betting Exchange Patent"},"content":{"rendered":"

Esports Technologies (NASDAQ:EBET), a provider of esports wagering platforms and related technologies, has filed a patent for a new esports betting exchange.<\/p>\n

\"Esports
Esports Technologies filed for another patent. It wants to enhance esports betting liquidity. Shown is a recent tournament’s conclusion.(Image: CNN<\/em>)<\/figcaption><\/figure>\n

The Las Vegas-based company is angling to bring esports betting to a wider audience in the US. Currently, Esports Technologies’ gogawi.com platform is a sportsbook focusing on bettors in Asia and Latin America.<\/p>\n

The patent application describes a private betting exchange model that is configured to offer operators and high-volume bettors greater liquidity and improved pricing in an esports betting environment where large bet sizes do not impact market prices,<\/strong>\u201d said the company in a statement.<\/p><\/blockquote>\n

In the patent application, Esports Technologies details users’ ability to participate in various esports wagering markets.\u00a0 Those include games, teams, players, and the capability of the platform to group those wagers into larger blocks, potentially bolstering liquidity in the underlying market.<\/p>\n

In simple terms, sports wagering liquidity refers to the ability of the market to absorb large wagers or significant order flow without material alteration. For example, a highly liquid market, say the NFL, can handle a $500,000 bet on a single game, and a sportsbook operator might only move the line a half-point or point. In a less robust market like esports, big wagers can dramatically alter odds.<\/p>\n

Esports Technologies Creating Wide Patent Portfolio<\/h2>\n

The recent patent filing is Esports Technologies’ third in less than five months<\/a>. In June, the company filed a patent application for its existing technology that improves \u201cthe betting experience for sports and esports live streaming events.\u201d<\/p>\n

\n

For companies like Esports Technologies, the combination of streaming and wagering<\/a> is alluring. The marriage potentially taps into something gaming companies crave: Access to a younger, tech-savvy pool of would-be bettors. Importantly, data supports the notion that streaming is stealing share from linear television.<\/p>\n<\/div>\n

\u201cIn August 2021, the company filed a provisional patent application for a technology that uses artificial intelligence to generate odds models<\/a> for use in a betting algorithm for esports tournaments and various stages of a tournament,\u201d according to the statement. \u201cIn June 2021, it filed a patent covering a proprietary live streaming technology<\/a> that integrates sports and esports wagering across many of the most popular streaming platforms, including Twitch, YouTube, Facebook Gaming, and Hulu, among others.\u201d<\/p>\n

Esports Technologies Stock Calm on News<\/h2>\n

Shares of Esports Technologies, a stock with a penchant<\/a> for big moves in both directions, were surprisingly docile today on news of the new patent filing, closing higher by 0.63 percent on below-average volume.<\/p>\n

The company went public earlier this year and is off almost 22 percent since its initial public offering. But it has some recent momentum, climbing 19.36 percent over the past 90 days. Among publicly traded gaming companies, those with internet casino and sports betting exposure are getting most of the attention.<\/a> But that could change as more domestic jurisdictions approve esports wagering.<\/p>\n","protected":false},"excerpt":{"rendered":"

Esports Technologies (NASDAQ:EBET), a provider of esports wagering platforms and related technologies, has filed a patent for a new esports betting exchange. The Las Vegas-based company is angling to bring esports betting to a wider audience in the US. Currently, Esports Technologies’ gogawi.com platform is a sportsbook focusing on bettors in Asia and Latin America. […]<\/p>\n","protected":false},"author":46,"featured_media":190886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3312,33810],"tags":[],"acf":[],"yoast_head":"\nEsports Technologies Adds Another Filing To Patent Portfolio<\/title>\n<meta name=\"description\" content=\"Esports Technologies files another patent as it looks to enhance liquidity in esports betting markets.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Esports Technologies Adds Another Filing To Patent Portfolio\" \/>\n<meta property=\"og:description\" content=\"Esports Technologies files another patent as it looks to enhance liquidity in esports betting markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-02T20:23:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-02T20:45:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/esport.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/\",\"url\":\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/\",\"name\":\"Esports Technologies Adds Another Filing To Patent Portfolio\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/esport.jpg\",\"datePublished\":\"2021-11-02T20:23:17+00:00\",\"dateModified\":\"2021-11-02T20:45:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Esports Technologies files another patent as it looks to enhance liquidity in esports betting markets.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/esports-technologies-adds-another-filing-to-patent-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/esport.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/11\/esport.jpg\",\"width\":1200,\"height\":675,\"caption\":\"Esports Technologies filed for another patent. 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