By Cody Alderton
On Monday (5/14), the Supreme Court ruled in favor of allowing sports betting across the country. The court voted 6-3 in favor of striking down a federal law that required states to ban gambling on the outcome of sporting events. What impact could this have in the world of sports and sports leagues like the FCFL?
At first glance, this ruling presents an incredibly unique opportunity specifically for the FCFL. We already have in place a league with competitive games as well as a currency (FAN Token) that can be wagered and won through betting on outcomes. No doubt, this ruling aligns well with the FCFL and sports betting seems like an obvious progression of the business.
This concept also ties in to our already engaging platform designed to give its fans the maximum amount of touch-points to the game as possible. For the FCFL, the allowance of sports betting presents yet another one of those channels for fans to engage with the game in a way that they are not traditionally used to. That being said, we recognize that there are certain pitfalls subject to sports betting that the FCFL will need to be wary of.
The very nature of the FCFL allows fans to dictate and influence the outcome of the game, so how appropriate would it be to allow fans to also bet on those outcomes? The answer is tricky, and definitely needs thoughtful consideration before sports betting is allowed in any capacity. Perhaps, sports betting in the FCFL could take the form of “prop bets” as opposed to team spreads and money lines. How do you think sports betting should work in the FCFL?
This decision is seemingly great for the FCFL, but what about other sports leagues? Ultimately, we believe this decision is good for those leagues as well. For example, when examining this issue from the perspective of major sports leagues like the NBA, NFL and MLB, it is quite obvious that money is a determining factor. In fact, the NBA has already formally requested a set of laws in which the league would receive 1% of all bets placed on its games. This could mean billions of dollars for these sports leagues and sports leagues alike across the country.
Only time will tell what the sports betting landscape will look like in the future, but one thing is for sure: fans are looking for more ways to engage with sports – and this decision proves it. Do you think sports betting should be a part of the FCFL? We would love to hear your thoughts so let us know why or why not!
Power To The FANS!