Golden Matrix is setting up a peer to peer esports betting app.

  • Golden Matrix is setting up a new esports betting app.
  • It will allow players to compete against each other for cash.
  • The esports betting app has yet to begin its development stage.

LAS VEGASGolden Matrix is now in discussions to work on a new esports betting app that would launch in the future.

The new esports betting app does not have a name yet, but some details have been revealed about the upcoming app.

Peer To Peer Esports Betting

For those who are interested in esports betting, this app is designed to put players against each other.

Esports players are often looking for a way to monetize their skills. With this app, esports players can match up with opponents, make a bet, and then compete. Once the competition is over, the winner will be awarded the wagered money.

“There are over 1.2 billion gamers worldwide, and popularity for E-sports continues to increase rapidly,” said Brian Goodman, Golden Matrix CEO. “We believe this new E-sports offering would not only allow GMGI to generate additional revenues from our existing distribution base, but also provide an opening for us to expand beyond the Asia-Pacific region and enter the U.S. and other markets.

For those who enjoy watching esports, the details are less clear on how this app would benefit them. That is likely a solution that Golden Matrix will have to solve during the development stage of the app.

Honesty in match payouts could also be a problem. Unless the app can track who is winning in a game, players could lie when they lose. An honesty program is essential for players to make sure they get paid or they payout their wager properly.

There is a lot of problems to be solved with this app, but there is time to do so. Legal sports betting is essentially halted due to the ongoing COVID-19 (coronavirus) pandemic.

That means gaming companies have plenty of time to focus on other ventures, such as esports betting.

The release date for the upcoming app by Golden Matrix is currently unknown. It could launch later in the year, but it might miss the increased interest in esports betting by that time.

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