Commercial and Contractual Stability in Esports | Adam Whyte
Commercial and Contractual Stability in Esports: Ending the Wild West with Digital Contracts
Delivered at Casual Connect Europe 2019. Esports is competitive, professional video gaming. Teams like Cloud9, Ninjas in Pijamas and the London Spitfire contract professional gamers to compete in leagues for huge prize money. In traditional sports, teams contract players enter leagues and compete for prize money and receive sponsorship. Lawyers draft the contracts, accountants process invoices, and sponsors have well established relationships with decision makers at sports entities. Esports also has gamers that play for teams and compete for prize money, however, the requisite professional ameneities that allow new industries to scale are no longer present. Contracts are poorly drafted, invoices often unpaid, and teams form and disband more frequently than not.
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