Game Bits: First American Bill To Legalize Esports Betting, FaZE Clan On The Cover of Sports Illustrated, Brazilian Bitcoin Company To Sponsor Esports Team

A Bill in Ohio Wants To Legalize Esports Betting Online and In-Person

Ohio State Senator Kirk Schuring (R) is seeking to legalize esports betting online and in-person in the state as part of a new bill that also includes horse racing betting online.
Interestingly, Schuring’s bill (SB 176), which was introduced last by the Ohio Senate, prohibits betting on events that will take place in May 2021 if participants under the age of 18 are involved.
There will be two types of licenses created by the bill: a Type A license is aimed at state entities that can legally accept bets already, such as casinos, while a Type B license is aimed at future physical sportsbooks. Twenty of each type of license will be approved, and revenue from betting will be taxed at 10%. According to the bill, licenses will be awarded based on first-come, first-served with no special consideration given to any particular business.
Licenses will cost $1M USD initially, with an additional $500K fee paid in the second and third years. The fees, which will be non-refundable, will be put towards gambling addiction prevention and education in the state.
It is one of the first bills in the country to allow license holders to have uncapped online sportsbook partnerships.

FaZE Clan Is The First Esports Organization To Be On The Cover of Sports Illustrated

FaZe Clan has become the first esports organization in the world to grace the cover of Sports Illustrated. Leo Trink is also featured in a lengthy article in SI on the origins of FaZe and its evolution into a gaming lifestyle brand.
Tyler “Ninja” Blevins’ popularity boom following on-stream Fortnite matches with celebrities Drake, Travis Scott, and NFL player Juju Smith-Schuster paved the way for appearances on national television shows such as Ellen and chart-topping Twitch viewership. A number of cover stories about Blevins have also appeared in the Hollywood Reporter and Variety.

Cryptocurrency Company Mercado Bitcoin Is Going To Sponsor Brazil Esports Org Counter-Strike Circuit

A cryptocurrency exchange company named Mercado Bitcoin has signed on to sponsor Brazil’s Counter-Strike Circuit (CBCS). In addition to displaying its brand in CBCS broadcasts, Mercado Bitcoin will produce special content for distribution during the games, along with nine episodes of Counter-Strike: Global Offensive (CS:GO) tips to be posted on the competition’s social media channels.
In the company’s view, the purpose is to introduce CS:GO players to digital assets such as cryptocurrencies, utility tokens, FanTokens, and NFT. In the esports world, crypto has been gaining ground: the traditional esports organization TSM recently closed a $210M USD deal with the exchange FTX for naming rights.
CBCS is produced by LnK Gaming, a joint venture between Globo and DC Set, in partnership with Gamers Club, Omelete, and streamer Alexandre “Gaules” Borba. Valve recently announced that some of the circuit’s events will count toward the Regional Major Rankings (RMR).

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