Daily Fantasy Sports Coin
In this Sector Review we will adress the sector of Fantasy Sports, that started to grow largely because of the growth of internet and personnal computers.
The Daily Fantasy Sports Sector, which is a variant of the Fantasy Sports Concept, started to boom in 2014. Daily Fantasy games are played in shorter periods of time, like one week of a season, and are played as contests with an entry fee, funding the prize pool.
The market leaders are the two competing services DraftKings and FanDuel.
The legality of Daily Fantasy Games have been widely challenged and were even subject of discussion during the 2016 Republican Debate, where Governor Chris Christie said that it was absurd to even take about it with a 19 Trillion USD debt on the US Governments plate.
Nevertheless, the witch hunt is still on and there a many states where it is illegal to have some fun with Daily Fantasy Sports.
Despite all this the Daily Fantasy Industry was initially growing at 10% a year and as of September 2015, the US Fantasy Sports Trade Association estimates that 56.8 million people age 12 and above in the U.S. and Canada played fantasy sports in 2015. The 2 Billion USD Industry (2015), currently employes more than 5000 people in more than 300 businesses!
And the sector is breaking trough globally, with the English Premier League leading the sector in the UK, with more than 4 million users!
According to no other than Forbes, the sector is projected to reach more than 14.4 Billion USD in 2020. This is a growth of no less than an amazing 41% annually!
In the world of crypto this industry hasn't gone unnoticed and several companies are striving for a share of the market. In this article we will talk about those businesses and whether they are backed up by a strong development team or shady figures.
There are several players:
- No Limit Fantasy Sports with No Limit Coin (https://nolimitcoin.org/#home)
- Draft Daily with DFS Coin (https://draftdaily.com/)
- Footy Cash with Footy (https://www.footycash.com/)
As part of our research we contacted all three these players and were only welcomed by Draft Daily and Footy Cash. So we were able to do a review on those two companies. You can find the reviews on this website. No Limit Fantasy Sports might be a good company, we really don't know, we have unfortunately seen a sharp drop in the value of No Limit Coin, which might be a sign that some bigger investors are leaving this project.
All three have a website and the best websites belong to Draft Daily and No Limit Fantasy Sports.
When we look at the Market Cap of these 3 crypto projects, and take the sharp pricedrop of No Limit in account, we can clearly see that Draft Daily is in the best position for investing opportunities from the big players like DraftKings and FanDuel.
Draft Daily and Footy Cash are both interesting but the possible return is the biggest on Draft Daily and their platform is further developed. They basically just need a big partner!
It is only a matter of time before the marketleaders want in on this opportunity and the value of these coins will boom, like the whole sector has been doing! The blockchain offers lots of potential for these bigger players and if they don't act, others will take a share of the market, because the future of the Daily Fantasy Sports Sector will only be bigger when using a secure and safe way of payment and also lower banking fees for the growing user community!