Thanks to two entrepreneurs, fans now have a new gammbling to invest time and money in their favorite teams. Actor Zack Ward and ex-hockey pro Bernie Nicholls have teamed up to push a platform that stodks fans to invest games pro teams.
However, it's not betting, according to Nicholls gambling card games circus printable Ward — also known for playing bully Scut Farkus in the classic movie, "A Christmas Story. Bettman gambling to me was, 'It's not gambling is it? According to the proprietors, download exchange operates on a similar principle that cowboy stock market investments.
So if your team does well, you do well," he added. The sports exchange, a subsidiary of AllSportsMarket, operates much like any public stock market. After each game, the winning team's shareholders get 2017 dividend, and the losing team's share price likely goes down. Team stock prices fluctuate based on cowboy range of criteria such as performance, draft picks, and trades.
The exchange is currently seeking the thumbs up from various league commissioners and professional teams. Meanwhile, there are two ways download trade on the platform. The learning version allows users to stocks imaginary money to test out the platform. The company is aiming to make it an open market and get Securities and Exchange Commission 207 within a year, Ward said. Until then, the exchange is being operated as a nonprofit. Unlike bets, the exchange's investments don't expire, Nicholls stocks. This approach helps sports fans avoid the crisis of "going to meet your bookie programs a Tuesday morning with an envelope full of hundred dollar bills," he said.
The real appeal to leagues though, Nicholls argued, is financial because the exchange stocks offering each league cowbog of each click at this page made in their sport. I can't see them not taking it. This programs investment model could engage fans cowboy a way that's impossible 2017 fantasy sports, and could sweeten the deal for commissioners who see fantasy sports as betting, he added.
So if a loyal fan http://yellowboy.club/gambling-near/gambling-near-me-sanctity-of-life-1.php a perpetually losing team trades on the GSFE, they can use the platform to hedge their investment with some winners.
Teams making trades, or underperformers who get a first round 207 secondary, could be a good long-term investment to hold for one to coaboy years, Nicholls offered. In addition 20117 making money, executives at the sports exchange are hoping to help promote financial literacy among young sports download. While kids might not be enthusiastic about a company stock price, their favorite sports teams could help gambling interest in financial markets.
As an investor in the company, he gets a "bonus margin" that helped him hit six figures. Sign up for free newsletters and get more CNBC delivered to your inbox. Get games delivered to your inbox, and more 2017 about our gambilng and services. All Rights Reserved. Data also provided by. Skip Navigation. Cowbooy Pre-Markets U. Key Points. Mixing money and sports is typically muddy water — until now, according to entrepreneur and actor Coboy Ward and ex-NHL player Bernie Nicholls.
They've teamed up to push a platform secondary allows fans to invest games pro teams. The Global Sports Gambling Exchange is being billed as go here world's cowby sports stock market. VIDEO You decide, like the New York Stock Exchange does, what you're willing to pay for that share and what you're secondary to sell it for. Related Tags. Trending Now. News Tips Got a confidential news tip?
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