Bayes Esports, bet365 Introduce Esports Betting Products in the U.S

Bayes Esports, bet365 Introduce Esports Betting Products in the U.S

Bayes Esports

Bayes Esports, a provider of live data for esports, has announced its registration as a registered supplier of esports betting products in New Jersey and Colorado, United States. 

Consequently, Bayes Esports is the first registered provider in the United States to utilize official esports live data directly from a game publisher, and the esports data company will facilitate new online betting activities and experiences.

Bayes Esports collaborates with regulating agencies and authorities in the United States to shape the applicable legislation.

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New Standards in the American Gambling Industry

New integrity rules have been established in the US gambling industry since the use of official live game data is crucial to protecting the integrity of sports betting. In the United States, esports betting operators are permitted to establish themselves.

As offline betting sites have previously controlled the American gaming business, such as Las Vegas and Atlantic City, a new chapter is set to begin in gambling, particularly sports betting. 

However, betting operators confront a number of challenges in ensuring that each component of their betting value chain is legally regulated in accordance with state legislation and sports and events. This is due to the fact that each state has its own gambling laws, which may vary from state to state. 

In addition, if betting operators utilize unauthorized data offerings or unregistered services, they may risk hefty fines or could be placed on a state’s “red list.”

Bayer Esports Betting Now Live in New Jersey and Colorado

As a result of Bayer’s licensing as an esports data provider in New Jersey and Colorado, registering betting operations in these two states is now significantly simpler. 

Bayes paved the path and made it possible for other gaming businesses to provide esports wagering. One of the operators that will follow Bayes’ lead is bet365, which will expand its collaboration with Bayes to the United States.

Bayer is actively cooperating with the respective governing bodies and law-making authorities, including the Nevada Gaming Control Board, to determine how the respective regulations may provide lawful and responsible live online betting and esports betting. 

The esports data company is participating in the development of new legislation that would permit live internet wagering in 31 U.S. states and esports wagering in nine states.

Amir Mirzaee, chief operating officer and managing director of Bayes, stated that in May, when the esports data firm announced the completion of its funding round, it disclosed its expansion intentions on the US market and its aim to become a licensed betting provider. 

Mirzaee confirmed Bayes’s fulfillment of his promise. In addition, he stated that despite the fact that the European betting industry was substantially larger than the American market, the American market was evolving and would soon become “one of the largest and most significant markets.”

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.