Sharpr, an Esports playing e-newsletter, introduced that it had been acquired by The Insights Group, a brand new media and occasions enterprise.
Sharpr introduced the information, declaring, “That is an unimaginable second for the e-newsletter that’ll assist take Sharpr to new heights”.
The Insights Group (TIG) was co-founded by Sam Cooke, co-founder of Esports Insider, and Alfie Wright. As a part of TIG, Sharpr acknowledged that it’s going to proceed producing the e-newsletter in the identical fashion, however guarantees to provide extra content material and in an improved design format.
Sharpr founder Cody Luongo will proceed in his position as lead author of the e-newsletter, which will even tackle a brand new lead writer. Luongo will take up a job as a strategic advisor at TIG along with operating Sharpr.
Esports Playing Booming
The e-newsletter began 4 years in the past and aimed to offer perception at “the intersection of esports and betting.” Since then, the trade has grown quickly.
World spending on esports betting reached $2.8 billion this 12 months, up from $2.5 billion final 12 months. There are a reported 74 million energetic esports bettors. Projections count on income to develop to $3.5 billion by 2029.
Regionally, Asia-Pacific makes up over 50% of the on-line betting viewers, however the US is catching up on account of extra states permitting wagering on sports activities, together with esports.
Massive occasions have captured viewers consideration and pushed betting markets. In This autumn of 2024, the highest 5 occasions accounted for over 60% of whole esports betting quantity throughout that interval. The Shanghai Main alone captured 28% of all wagers, adopted by the League of Legends World Championship at 19%.
Riot Video games Embracing Betting
League of Legends and Valorant developer Riot Video games is embracing the unfold of playing in esports. Riot introduced just lately that it’s going to permit esports playing sponsorships for Tear 1 League of Legends and Valorant groups.
In response to Riot President John Needham, the transfer goals to convey regulated betting into esports. He famous, “70% of bets throughout all sports activities are positioned in unregulated markets with bookmakers who aren’t licensed.”
He went on to state, “We imagine it’s higher to interact in permitting betting sponsorships — thoughtfully, rigorously, and with the suitable protections — than to sit down on the sidelines whereas dangers to followers and integrity go unchecked.”
The corporate has confronted criticism from some followers over the transfer, along with backlash over current workers cuts.
Sharpr Increasing Past Esports Into New Betting Markets
Along with protecting esports betting markets, Sharpr additionally famous that its “protection has expanded far past esports and extra broadly towards the place the way forward for web playing is headed–from crypto and AI, to prediction markets”.
Crypto casinos are estimated to have generated $81.4 billion in Gross Gaming Income (GGR) in 2024, marking a fivefold improve since 2022. Prediction markets have additionally gained consideration just lately as platforms similar to Kalshi, Polymarket, and Crypto.com increase their vary of sports activities betting markets.
The acquisition of Sharpr signifies a rising viewers for different playing markets because the trade continues to evolve.
Recreation Geeks Information has eliminated hyperlinks to playing web sites from this text. Recreation Geeks Information doesn’t affect or promote content material of a playing nature and can hold this channel protected and family-friendly.
Recreation Geeks Information has affiliate partnerships. These don’t affect editorial content material. Recreation Geeks Information might earn a small proportion of fee for merchandise bought through affiliate hyperlinks.
By Adam Roarty 18 July 2025
#Recreation #Geeks #Information #Official #Gaming #Information #Channel #Players