The Esports Integrity Commission (ESIC) has forged a crucial alliance with the esports betting platform, GG.Bet, in an effort to battle corruption that has plagued the thriving esports industry. This partnership is a critical juncture in the creation of a secure and equitable environment for all players and stakeholders in the industry.
The Booming Esports Realm
In recent years, the esports industry has witnessed incredible growth, now boasting a worth in the billions of dollars. According to reports from Absolute, the esports betting market was valued at a staggering $10.03 billion in 2021 and is expected to surge at an impressive ~13% per annum. The proliferation of this industry has enticed both specific bookmakers like GG.Bet and non-specific companies like Bet365, making esports an alluring business prospect.
The Perils of Esports Match-fixing
Sadly, the growth of the industry has also brought with it significant challenges, one of which is the occurrence of match-fixing in esports. This unethical practice undermines the integrity of the industry and poses a considerable risk to all players and stakeholders involved. As per SportRadar’s annual index of suspicious matches, CS:GO matches are the largest culprits in this regard. One infamous instance of match-fixing took place in 2014, where American team iBUYPOWER threw a match to NetCodeGuides, leading to lengthy suspensions for four out of the five players involved.
GG.Bet and ESIC: A Power Partnership
In an attempt to tackle corruption in the esports industry, GG.Bet has entered into a three-year agreement with ESIC. This collaboration will see GG.Bet support ESIC’s anti-corruption video tutorial series, aimed at educating players and other stakeholders on the perils of betting while participating in a game. As a “Tier 1 Anti-Corruption Supporter,” GG.Bet reinforces its commitment to creating a secure and equitable environment for all players and stakeholders.
ESIC has formed partnerships with multiple esports companies, such as Esports Charts, PandaScore, and Promod Esports, among others, to aid its anti-corruption investigations and educational endeavors. The partnership between GG.Bet and ESIC is a positive move in the right direction, ensuring a fair and secure environment for all players and stakeholders in the esports industry.
The Advantages of the Partnership
The partnership between GG.Bet and ESIC offers several benefits to the industry. Firstly, it will educate players and other stakeholders on the dangers of betting while participating in a game, helping to combat corruption and promote integrity in the industry. Secondly, GG.Bet’s commitment to creating a secure environment for players and stakeholders will be reinforced by its status as a “Tier 1 Anti-Corruption Supporter.” This will help to establish trust and credibility in the industry, which is crucial for its long-term success.
The partnership between GG.Bet and ESIC is a vital step in ensuring a fair and secure environment for all players and stakeholders in the esports industry. By educating players and stakeholders on the dangers of betting while participating in a game and reinforcing GG.Bet’s commitment to creating a secure environment, the partnership will help to combat corruption and promote integrity in the industry. This partnership is just one of the many initiatives being taken by the esports community to create a more secure and equitable environment for everyone involved.
Q: Why is ESIC significant for the esports sector and what does it mean?
A: The Esports Integrity Commission, often known as ESIC, is a nonprofit group that was established to combat the problem of match-fixing and corruption in esports. By looking into suspicious matches and providing anti-corruption training to participants and stakeholders, ESIC seeks to advance integrity and combat corruption in the sector.
Q: How does GG.Bet connect to ESIC and what is it?
A: GG.Bet is a leading esports betting platform that has signed a three-year agreement with ESIC in order to tackle corruption in the industry. By supporting ESIC’s anti-corruption video tutorial series and becoming a Tier 1 Anti-Corruption Supporter, GG.Bet reinforces its commitment to creating a fair and secure environment for players and stakeholders.