Gambling on professional video games? This former Microsoft exec is betting it’s a win

m88 the craze started in South Korea, but has slowly spread across the globe.. It launched overseas today with markets where sports gambling is already legal, like Europe, parts of Asia and Australia.

It works just like traditional sports betting with odds that shift depending on who’s favored to win and where people are putting their money.

The startup is partnering with Tabcorp, a publicly traded Australian wagering business, to keep the betting in line with sport betting industry norms. He left Microsoft in November to start Unikrn.

Sports gambling is mostly illegal in the United States, so Unikrn CEO Rahul Sood said the company is just working on perfecting its platform internationally for now.

KeyArena hosted a gaming event for the first time ever last year, as professional “athletes” competed for a record breaking $10 million in prizes. It sold out in less than an hour, which venue officials say is on par with any top-tier sporting event or concert.

S eattle startup Unikrn officially launched Tuesday with a system to let people gamble on professional video game competitions.

Even in the Puget Sound region, where Valve makes some of the most popular games to play professionally, masses of enthusiasts have come out to watch live events.

Sood has been in the gaming industry for decades, and is full of stats on why professional video gaming — known as eSports — is where he’s building his next startup.

It doesn’t get a whole lot of mainstream attention, but the space is picking up momentum. You place your bet, watch a live stream of the match and then collect your winnings if you picked correctly.

The UpTake: Former Microsoft Ventures head Rahul Sood officially launched his next startup Tuesday, a Seattle company that’s making it possible to bet on professional video game competitions.

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Sood previously led Microsoft’s (Nasdaq: MSFT) startup incubator Bing Fund and launched Microsoft Ventures

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Max G. Atkinson

Max G. Atkinson

Max G. Atkinson is a freelance author, book reviewer and an avid reader. To learn more about earning money from horse racing, check out http://www.tanningsalonmiramar.com. Also check out Race Profit Generator, where you can find the necessary tools that you need to make money from horse racing.
Max G. Atkinson

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