{"id":4237,"date":"2021-01-01T11:20:00","date_gmt":"2021-01-01T11:20:00","guid":{"rendered":"https:\/\/www.octalsoftware.com.sg\/blog\/?p=4237"},"modified":"2021-08-04T12:52:58","modified_gmt":"2021-08-04T12:52:58","slug":"what-prominence-do-fantasy-sports-apps-enjoy-in-asia","status":"publish","type":"post","link":"https:\/\/www.octalsoftware.com.sg\/blog\/what-prominence-do-fantasy-sports-apps-enjoy-in-asia\/","title":{"rendered":"What Prominence Do Fantasy Sports Apps Enjoy In Asia?"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Fantasy sport started its origin in western countries but now it is spreading all across the globe with Asia being the latest to feel its effect. Asia is huge in area and masses and there is little doubt that it will be hit the Asian market. As a matter of fact, it reached the shores of Asia some time back but now it has really started to prosper as a big money industry and there is little surprise that top business persons and entrepreneurs as well want to get a bite of the cherry and that is why they are heavily investing in a fantasy sport. So, let us find how the fantasy sport is faring in the current Asian market and what the stats that support the upward spiral of this industry.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_41_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e756deb41d2\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e756deb41d2\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/what-prominence-do-fantasy-sports-apps-enjoy-in-asia\/#Business_Tycoon_Sam_Jones_Big_launch_-_Ballr\" title=\"Business Tycoon Sam Jones\u2019 Big launch &#8211; Ballr\">Business Tycoon Sam Jones\u2019 Big launch &#8211; Ballr<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/what-prominence-do-fantasy-sports-apps-enjoy-in-asia\/#The_prominence_enjoyed_by_fantasy_Sports_in_America_is_already_renowned\" title=\"The prominence enjoyed by fantasy Sports in America is already renowned\u00a0\">The prominence enjoyed by fantasy Sports in America is already renowned\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/what-prominence-do-fantasy-sports-apps-enjoy-in-asia\/#How_Tech_Slowdown_may_affect_the_Fantasy_sports_business\" title=\"How Tech Slowdown may affect the Fantasy sports business?\">How Tech Slowdown may affect the Fantasy sports business?<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/what-prominence-do-fantasy-sports-apps-enjoy-in-asia\/#Asian_Market_offering_great_potential\" title=\"Asian Market offering great potential\">Asian Market offering great potential<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/what-prominence-do-fantasy-sports-apps-enjoy-in-asia\/#Asia_market_giving_high_hopes_to_business_despite_a_decline_in_the_US_market\" title=\"Asia market giving high hopes to business despite a decline in the US market\">Asia market giving high hopes to business despite a decline in the US market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/what-prominence-do-fantasy-sports-apps-enjoy-in-asia\/#Conclusion\" title=\"Conclusion:\u00a0\">Conclusion:\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Business_Tycoon_Sam_Jones_Big_launch_-_Ballr\"><\/span><b>Business Tycoon Sam Jones\u2019 Big launch &#8211; Ballr<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">On one hand, North America is engaging in some kind of legal dispute on the <\/span>fantasy sports<span style=\"font-weight: 400;\"> start-ups legitimacy while on the other hand, Eastside is turning more into a playing field for Sam Jones, who launched his latest app, Ballr, both in China as well as in India sometime back this year. Billionaire Tycoon that goes by the name, Jack Ma, a popular figure in Asia has announced that he will invest $15.4 million in several of the sports-tech tournaments organized in China.\u00a0<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"The_prominence_enjoyed_by_fantasy_Sports_in_America_is_already_renowned\"><\/span><b>The prominence enjoyed by fantasy Sports in America is already renowned\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Even in America, <a href=\"https:\/\/www.octalsoftware.com.sg\/blog\/top-10-fantasy-cricket-apps-to-earn-cash-daily\/\">Fantasy sports platforms<\/a> have seen dazzling success. Millions of cash in the form of payouts were awarded to consistent prize winners upon placing bets online. Virtual opportunities that can help in winning big get people hooked instantly and this was more than enough for two highly competitive startups, who cashed in the market in just four years\u2019 time.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">DraftKings &amp; FanDuel got the popularity from <\/span>Major League Baseball<span style=\"font-weight: 400;\"> and also via 21st Century Fox, whereas businesses that went ahead with resources as that of PlayUp faltered.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">PlayUp gathered assets of worth in excess of $70 million in February through backers that also includes the Prime Minister of Australia. Even Sam Jones was a part of the PlayUp before he launched Ballr in the month of May.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Suggested:<\/strong>\u00a0<a href=\"https:\/\/www.octalsoftware.com.sg\/blog\/fantasy-sports-mobile-app-development-cost-and-key-features\/\">Fantasy Sports Mobile App Development \u2013 Cost and Key Features<\/a><\/p>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"How_Tech_Slowdown_may_affect_the_Fantasy_sports_business\"><\/span><b>How Tech Slowdown may affect the Fantasy sports business?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">But in recent times we have started to see these first signs of, as some say that of a tech slowdown. During last year, we saw 81 fresh tech unicorns, all the start-up businesses raised around $27.3 billion across the globe in the fourth-quarter which turned out to be $11.4 billion short of the amount raised in the third quarter. The long-term survival of these tech giants is unclear right now but this might throw some light on monetization factors.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">FanDuel insisted that it is not easy to dent their billion-dollar market cap but with the kind of disruptive they are, it was only a matter of time that they would run into a certain type of battle on regulatory grounds.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As a matter of fact, some sites are even banned in states of Texas, Florida, Virginia, and Vermont.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Suggested:<\/strong>\u00a0<a href=\"https:\/\/www.octalsoftware.com.sg\/blog\/top-10-fantasy-cricket-apps-to-earn-cash-daily\/\">Top 10 Fantasy Cricket Apps To Earn Cash Daily<\/a><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Asian_Market_offering_great_potential\"><\/span><b>Asian Market offering great potential<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.octalsoftware.com.sg\/software-consulting\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-4239\" src=\"https:\/\/www.octalsoftware.com.sg\/blog\/wp-content\/uploads\/2020\/09\/fantacy-share.png\" alt=\"Fantasy Shares\" width=\"1005\" height=\"587\" srcset=\"https:\/\/www.octalsoftware.com.sg\/blog\/wp-content\/uploads\/2020\/09\/fantacy-share.png 1005w, https:\/\/www.octalsoftware.com.sg\/blog\/wp-content\/uploads\/2020\/09\/fantacy-share-300x175.png 300w, https:\/\/www.octalsoftware.com.sg\/blog\/wp-content\/uploads\/2020\/09\/fantacy-share-768x449.png 768w\" sizes=\"(max-width: 1005px) 100vw, 1005px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">But Jones sees great potential in Asian countries and especially China &amp; India, the two biggest smartphone markets in the world. He gave a stat that year 2015 saw about 5 times extra revenue earned via fantasy sport in the US than the whole of the Las Vegas put together. Sport-tech evaluated a market of 281 million sports fanatics in China while 93 million around in India. Jones is not waging a lone battle here as Alibaba founder Jack Ma has placed quite high bids in order to build Asian sport-tech. Alibaba even teamed up with Singapore-based YuuZoo to announce a $5.5 million prize as an important part of their prominent AliSports World Electronic Sports Games that took place in April.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">LeSports which is a Chinese eco-sports entertainment brand gathered around 1 billion dollars during Series-B funding. This can be said to be unusual even for tech unicorns to earn such amount in one round of funding. They had the backing of the YunFeng fund, which is supported by Alibaba.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Also, Ballr has contacted and got involved with famous athletes in India, with a plan to launch some <\/span><a href=\"https:\/\/www.octalsoftware.co.uk\/blog\/fantasy-cricket-mobile-app-to-boost-your-business-in-2019\/\">cricket app<\/a><span style=\"font-weight: 400;\"> soon, then a <\/span>basketball app<span style=\"font-weight: 400;\"> during October, and also an <\/span>app for football<span style=\"font-weight: 400;\">. Thus, the business has around $4m of investment as the seed capital, which is around half of the amount FanDuel was launched within the market and also more than $1.4 million with which DraftKings started their journey in 2011.<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Suggested:<\/strong>\u00a0<a href=\"https:\/\/hubpages.com\/sports\/how-fantasy-sports-mobile-app-make-money\">How Fantasy Sports Mobile App Make Money?<\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Jones regards sports viewership as religion. Ballr is a venue which brings all the global sports fanatics under one roof. Ballr is developed for enthusiasts who can have a beer in one of their hands and phones in another hand while watching a match at home, in a sports bar or office. It is a connection between friends and also gives players bragging rights, as Adidas and Nike, on the other hand, can advertise the latest trends in the form of prize giveaways.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It is also designed to process some amount of dopamine in the brains of the users just the way candy crush makes its users addicted to it.<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Asia_market_giving_high_hopes_to_business_despite_a_decline_in_the_US_market\"><\/span><b>Asia market giving high hopes to business despite a decline in the US market<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Still, most of the efforts in order to boost sports tech in the US and also across Asia has been an underwhelming undertone. Despite all of its success, it is hard to argue the fact that how can someone benefit by placing bids against his friend while watching a match in the screen in place of running in the park or hitting a gym, or even laughing out loud with friends whom you meet in person. As the gigantic unicorns turn towards Asia, they may seem lucrative even after the fact that America might see a decline. Either which way, they are working up a method that can help the people not only in Asia but all across the world to use up their free time in a beneficial way and this will also benefit the collective consciousness of people\u00a0 while they are exercising on this app knowing that they are learning something in the process.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Suggested:\u00a0<\/strong><a href=\"https:\/\/www.businessofapps.com\/news\/how-fantasy-sports-platforms-can-boost-your-marketing-strategy\/\">How Fantasy Sports Platforms Can Boost Your Marketing Strategy<\/a><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion:\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The idea we can take from this is Asia is developing as a fantasy sports market and the signs of it becoming a super tech are ominous. With the backing of the Business tycoons namely Alibaba, the <\/span><a href=\"https:\/\/www.octalsoftware.com.sg\/blog\/fantasy-sports-mobile-app-development-cost-and-key-features\/\">fantasy sports industry<\/a><span style=\"font-weight: 400;\"> is here to stay.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fantasy sport started its origin in western countries but now it is spreading all across the globe with Asia being the latest to feel its effect. Asia is huge in area and masses and there is little doubt that it will be hit the Asian market. As a matter of fact, it reached the shores [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":""},"categories":[731,567,625,206],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Prominence Do Fantasy Sports Apps Enjoy In Asia?<\/title>\n<meta name=\"description\" content=\"Find how the fantasy sport is faring in the current Asian market and what the stats that support the upward spiral of this industry. 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