Filling the void caused by COVID-19
DraftKings is set to launch virtual sports after announcing a new partnership deal with Inspired Entertainment. The new wagering option will fill the void left by sporting events being canceled around the world due to the COVID-19 outbreak.
new wagering option will fill the void left by sporting events being canceled
Inspired Entertainment’s V-Play Plug & Play product will allow DraftKings to integrate their virtual sports products for wagering. Players will have 14 virtual sports to wager on. Categories include football, soccer, and basketball, with wagers accepted on mobile and desktop platforms.
Cutting-edge technology creates a realistic experience
Inspired’s V-Play NFLA Legends Football is one of the new products that will be available to DraftKings players. Another popular title in Inspired’s portfolio is NFLA Legends Football, which sees legends from 11 teams return to the field to score as many touchdowns as possible.
Another virtual sports product that will be offered is V-Play Basketball. This title provides a realistic experience through the use of motion capture technology and proprietary software. Similar bet types to live basketball are offered via this product.
Brooks Pierce, the president and chief operating officer of Inspired, said that the company is looking forward to working with DraftKings to provide a continual stream of content that players can wager on.
DraftKings determined to go public
In addition to signing this new partnership deal, DraftKings is continuing its efforts to go public with the US Nasdaq Exchange this month through a reverse merger. As we reported earlier this week, DraftKings will proceed with going public despite the ongoing coronavirus pandemic.
DraftKings chief financial officer Jason Park sent an email recently detailing the latest step of the merger. The company saw its registration statement declared effective by the US Securities and Exchange Commission. The approval brings the company one step closer to going public this month.