Fandom Sports Completes
Live Sports Prediction and Wagering Module Development
Vancouver,
British Columbia - September 7, 2021 -- InvestorsHub NewsWire
-- Fandom Sports Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FRANKFURT: TQ43) ("Fandom Sports" or
the "Company"), is pleased to announce that the Company has
completed development of a Sports module that will reside within
the Fandom Sports platform.
The Sports
module will facilitate all-ages predictions and wagering on major
Sporting events from the NHL, NBA, NFL, MLB and certain major
international Soccer leagues.
As announced
on May 20, 2021, the Company
entered in a
definitive License Agreement with IntellDynamics Inc. for the
rights to use the Databionix platform exclusively in the Esports,
Sports and Live Streaming/broadcast verticals.
In this short
time frame, the Company has demonstrated the capabilities of the
Fandom Unified Information Access Platform in a free play mode and
is currently awaiting final payment capabilities to go live on
Esports peer-to-peer wagering.
Fandom Sports
will be launching beta versions of the Sports prediction and
wagering platform once a sports data provider contract is finalized
and certain internal compliance and risk management procedures are
put in place at a corporate level.
"Our UIA
system continues to evolve beyond its' original Esports fan
engagement target.
As fan
engagement will be critical to the success of the platform,
regardless of the content created, we're very excited to see new
verticals to which the platform can be applied.
We will be
updating our partners and shareholders with developments as they
occur and as we move towards prototyping for individual pilot
programs. I feel very confident in stating that our UIA platform
will be able to generate fan engagement at scale beyond any
solution in the market today," states David Vinokurov, CEO and
President. "The recent legalization of Single Event Wagering in
Canada and the growing footprint in the United States of state by
state regulation drives the need for Fandom Sports to be able to
expand its technological capabilities to address what is estimated
to be a $14bn CAD industry in Canada and a $203bn USD global
industry according to Statista for 2020."
"PLAY.
PREDICT. GET REWARDED."
For additional
Information:
Investor
Relations
Email:
info@fandomesports.com
Phone +1 (604)
256 6990
DISCLAIMER:
The CSE
has not reviewed and does not accept responsibility for the
adequacy and accuracy of this information. This news release may
contain forward-looking statements. These forward-looking
statements do not guarantee future events or performance and should
not be relied upon. Actual outcomes may differ materially due to
any number of factors and uncertainties, many of which are beyond
the Company's control. Some of these risks and uncertainties may be
described in the Company's corporate filings (posted at
www.sedar.com).
The
Company has no intention or obligation to update or revise any
forward-looking statements due to new information or events. This
press release contains forward-looking statements about FANDOM
SPORTS. Forward-looking statements may be identified by the use of
words like "believe," "expect," "anticipate," "estimate," "plan,"
"consider," "project," and similar references to the future.
Forward-looking statements reflect FANDOM SPORTS' good-faith
evaluation of information available at the time the forward-looking
statements were made. These forward-looking statements are subject
to a number of risks and uncertainties, and our actual results may
differ materially from those projected. Please refer to FANDOM
SPORTS' annual and quarterly reports filed on SEDAR for a full
discussion of those risks and uncertainties we view as most
important. Forward-looking statements are not, and should not be
relied upon as, a guarantee of future performance or results, nor
will they necessarily prove to be accurate indications of the times
at or by which any such performance or results will be achieved. As
a result, actual outcomes and results may differ materially from
those expressed in forward-looking statements. We undertake no
obligation to update or revise forward-looking
statements.
SOURCE FANDOM
SPORTS