The Nevada Gaming Control Boardit is Esports Technical Advisory Committeewhich was established last year as a seven-member panel to facilitate esports betting in the state, held its second meeting Monday and announced they will meet again in August to begin formulating their recommendations to the Control Board and the Nevada Gaming Commission.
During Monday’s three-hour meeting, the panel – which added an eighth member in February – gathered expert testimony on the use of official data generated by competitions and how it should be used to develop an esports betting platform, Las Vegas Review-Journal reports. The committee agreed to meet again before the group’s next scheduled quarterly meeting to make decisions on how to take bets on competitions involving video game matches and tournaments.
More specifically, they will examine the Rule 22 on race books and sports pools to determine if the sports betting rules could be changed or improved to include sports betting. The 17-page document covers all aspects of sports betting operations, including record-keeping requirements, types of bets allowed and prohibited, and parlay bets.
On Monday, committee members agreed that betting on esports could be very similar to betting on traditional sporting eventsbut they will try to determine whether new regulations were to be drafted incorporating some of the special circumstances of esports, which often involve professional and amateur participants in popular video game competitions. Also, panel members seek to set up systems in which official data is transmitted to companies taking bets in real time.
During Monday’s meeting, the committee heard presentations from Moritz Maurer, CEO of GRIDa German esports platform; Amir Mirzaee and Martin DachseltGerman company executives Bayes Esport Solutions, an esports data provider; and Vlastimil Venclik and Marek Suchar by Oddin.gg on setting up esports betting lines. The leaders said Sports betting companies that take bets on esports hope to compile a history of official data in order to establish fair odds for punters.
Eric Bowervice president of architecture and innovation for Boyd Gaming Corp.also gave committee members a first look at sSome of the Las Vegas company’s plans for a sports betting platform.
Current regulations in Nevada allow esports betting by event. This requires operators to submit an application to the Gaming Control Board for verification and approval for each competition. After Nevada allowed betting on a record 12 esports events in 2020, Nevada State Bill 165 was signed into law by Governor Steve Sisolak in June of last year, the creation of a technical advisory committee that would work under the auspices of the Nevada Gaming Control Board to provide guidance and best practices with respect to esports betting.
Originally, the bill was intended to create an esports regulatory commission that would operate much like the Nevada Athletic Commission that licenses and regulates sports such as boxing and mixed martial arts, but that idea was shot down. and modified, largely because of video game publishers and tournament organizers.
The first seven members have been selected by the NGCB in November. They are chaired by Paul Hamilton, co-owner and CEO, Atlanta Esports Ventures. The other members are Dr. Brett Abarbaneldirector of research for UNLV, International Institute of Games; Seth Schorr, CEO, Fifth Street Gaming; Lovell WalkerVice President of Development, Penn National Gaming; Jud Hannigan, CEO, Allied Esports; Brandon Snowsports manager, ActivisionBlizzard; Che Chousenior director, esports, Ubisoft; and Robert ForbesSenior Director, Legal – Esports, ActivisionBlizzard.
The committee’s first meeting was held in March and focused on integrity, public protection of players and establishing rules to prevent match-fixing and other forms of cheating. The Esports Technical Advisory Committee is expected to meet quarterly and its members will fill their positions until November 2024.
In December, Yogonet spoke with Abarbanel, who provided a description of the current landscape of eSports betting and the reasons for the creation of this new committee. She said there are no static recommendations for sports betting regulation.
Moreover, the Casino Esport Conference (CEC) recently announced that for the first time it will add an additional third day which will see the creation of CEC University (CEC-U), aiming to provide courses on different areas of esports and video games. These include Betting, Monetization, Marketing, Legal, Tournament Hosting, Cryptocurrency, Blockchain, NFTs, Metaverse, Embedded Web 3.0, Hardware, games, culture, among others.
This brand new educational space will be part of the seventh edition of the CEC du February 27 to March 1 to Alexis Park Resort in Las Vegas.