Episode 11 of the Sports Predictor podcast features BallStreet Trading CEO & Founder Scott San Emeterio. His team has developed an innovative game that allows fans to compete in trading live events such as sports and TV shows.
Tune in to find out –
- Why 15 years on Wall St influenced his view of sports betting
- How BallStreet is a competitive prediction market based on winning probability
- BallStreet’s future plans now that they have hit the 10,000 user milestone
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Scott San Emeterio has over 15 years of experience in investment banking trading fixed income. He is also an experienced poker player with the belief that the future of sports gaming will be a real-time peer-to-peer format. He’s bearish on sportsbooks and bullish on a free-to-play format that rewards fans while entertaining them.
We’re still growing. We just crossed 10,000 users a couple of weeks ago. So for us it’s really about focusing people’s attention onto single games. Those Prime Time games where everyone’s attention is on that one game. That creates create much better experiences for players who are using the BallStreet trading app for the first time because there’s really no other distractions.
I think as we grow and we are able to scale being able to do full Sunday slates in the NFL is an example.
The financial service guys love it. They’ve probably been waiting for this as long as I have or longer. They come back and they love the concept of putting sports and markets together. When you think about the way that the conventional sportsbooks work, we’re going to start seeing much more of an evolution towards a market where there’s matched betting. I think the idea of people betting against a single house is something that’s going to become more and more dated as new innovative products come online.
I think the biggest takeaway that we’ve learned probably in the short term of doing this with a free to play model is for the hardcore finance guys. They wanted to get some real money onto the platform and ideally, maybe in a year or two we’ll find a strategic partner that can begin to shepherd us through that real money process. So potentially BallStreet Trading could have real money contests where people could come and play for a few hundred dollars or even higher stakes.
BallStreet Trading – The app itself is a real-time prediction market exchange, which takes a live sporting event and allows a player to sell and buy trades as the game plays out. The outcome of the game is just one factor because you are just trying to out-trade everyone else.
Sunday Night Live Look #LARvsCLE #BrownsTwitter #Rams pic.twitter.com/Ngd6llZgfp
— BallStreet Trading (@BallStreetApp) September 23, 2019
