On August 19th, Esport Technolgoies Inc. announced it had filed a patent application for a new type of esports betting technology. It is being reported that this tech would use Artificial Intelligence to generate betting odds for various esports events and tournaments.
“I’m extremely proud of our quant and modeling team, which continues to develop potential industry-leading data solutions,” said Bart Barden, the COO of Esports Technologies. “Harnessing cutting-edge modeling and artificial intelligence to create the technology for this planned next-generation wagering tool demonstrates our commitment to innovation and our focus on the needs of esports enthusiasts and bettors everywhere. We continue to advance and innovate the esports wagering experience for customers.”
This system would utilize machine learning methods to generate betting odds for almost any type of esports event. The patent was filed based on programming that allows users to place wagers on events as they are happening live.
Esports Technologies Inc. is a privately-held company that was founded in 2020. The organization is currently headquartered in Las Vegas, Nevada.