Son of Paddy Power launching new fantasy sports betting company

[The Buzz]

Paddy Power, the son of David Power, has announced he will be launching a new fantasy sports betting company called American SportZ Exchange. The new company will offer users the chance to buy and sell shares on American players and teams; individuals will gamble on how a sports teams and players will perform.

From Gambling Insider:

Users can interact with live share prices of players and teams based on expected performance, the site is currently accepting beta player requests and the start-up will run from Ireland even though it is targeting the US market.

Power says he had already discussed the possibility of partnering with US professional sport teams and broadcasters, with hopes of reaching an exclusive agreement.

According to reports, the discussions so far have taken place with teams like the Philadelphia Phillies, Toronto Blue Jays and the Golden Knights. Meanwhile broadcasters DAZN, Sinclair Media and Rogers Media have been introduced to the idea.

Power is currently the main investor in the business and says he doesn’t expect the need for a big funding round, although he is launching a €500,000 ($608,355) crowdfunding campaign based on a €4.5m valuation.

Read more here: https://www.gamblinginsider.com/news...d-stock-market

[Mattbar]

Sounds a lot like Football Index, and that ended well!!!

[BonusFinder]

He's a great guy and could totally make it a success

[Cash Bonus]

Interesting to see how this one goes. Considering the collapse of the football index situation and paddy power, they'll need all the luck they can get!