Sports Publication, Sports Illustrated, Enters Forecasting Realm after Unsuccessful Venture in Sports Gambling
Sports Illustrated Steps into the Future of Sports Predictions
Prepare to revolutionize your sports viewing experience, folks! Sports Illustrated is teaming up with Galactic to launch SI Predict, a game-changing platform that'll turn your couch into an active, interactive forum. Set to drop this Q2, this baby is aimed at both sports fanatics and casual supporters alike.
So, what's the deal with SI Predict? As you indulge in your favorite games, you'll now have the chance to wager on trends, themes, and public sentiment surrounding major global sporting events. It's like having a crystal ball for sports fanatics!
Stuart Stott, the CEO of Galactic, is über excited about the potential of SI Predict. He believes it'll take sports viewing from passive to active, allowing fans to actively contribute and influence the sports discussion.
Now, you might be thinking "Hold up! Sports Illustrated has dabbled in sports gambling before, and it didn't work out so well." You're totally right! Back in 2021, Sports Illustrated inked a 20-year licensing deal with 888 Holdings (now Evoke Plc). Unfortunately, this venture only managed to snatch a measly 0.2% market share. Oh well, you can't win 'em all, right?
In March 2024, 888 bailed on the agreement and dishonored Sports Illustrated with a $50m electrifying exit fee. But don't worry, Sports Illustrated Sportsbook is still chugging along in Colorado, Virginia, and Michigan – for now, anyway.
SI Predict, however, is promising to infuse a breath of fresh air into the sports gambling scene, focusing on prediction markets instead of traditional betting outcomes. These new markets will delve into broader topics like sports culture, entertainment, and politics, providing an engaging and unique experience for fans.
Bye-bye, boring sports betting? SI Predict seems to be here to offer a more interactive and innovative sports discussion platform.
SI Predict's launch in Q2 of 2024 aims to introduce a revolutionary technology into the sports world, transforming passive viewing into an active and interactive experience for both dedicated sports fans and casual supporters. This new platform by Sports Illustrated and Galactic will offer prediction markets, delving into sports culture, entertainment, and politics, opening up a unique and engaging sports-betting experience for viewers. Despite Sports Illustrated's past foray into sports gambling resulting in a meager market share, the failure of the 20-year licensing deal with 888 Holdings (now Evoke Plc) and the subsequent $50m exit fee, the company's sportsbook continues to operate in Colorado, Virginia, and Michigan.
