Sports Investing vs. Betting: SEC Halts Fantasy Stock Market
Is regulation coming to sports trading?
HOLLYWOOD, Calif., May 21, 2015 /PRNewswire/ -- AllSportsMarket (ASM), operated by The New Sports Economy Institute, a 501(c)(3) public charity dedicated to teaching finance through sports, is announcing new promotional cash prize programs and commenting on recent reports of Securities and Exchange Commission (SEC) activity in the sector.
To create even more excitement around the AllSportsMarket DeLorean Time Machine Summer 2015 Tour, cash prizes are now being offered. Details can be found in the sports stock market forums of the ASM Free! App. Sign up FREE (with no credit card needed) using the referral code "DELOREAN" for a chance to win and get 10 FREE shares in your favorite MLB team.
"The one thing that creates excitement in people more than sports itself, is money. Anytime you can compete for a cash prize in a skill-based competition you are going to have people lined up to compete. Don't get me wrong, I'm not here saying let's bet on sports like those that run the NBA, I'm saying that competitions done in a controlled environment such as a sports stock market, assures everyone that the integrity of those that play the sport never has to be questioned. I understand investing comes with risk, but good investing is a skill. With sports stock market competitions for cash, those skills are put to the test against other traders from around the world. I can't wait to see people get into this," says co-founder and NHL Legend Bernie Nicholls.
Recent enforcement actions by the SEC against Stock Battle as reported by Yahoo! Finance May 13, 2015 are not believed to affect AllSportsMarket traders or new cash prize programs.
"I believe that our concept is unique and protected because we benefit the public interest as a 501(c)(3) nonprofit entity promoting our sports markets, sports trading and sports investing mission through these giveaways and cash competitions. Sports gambling advocates can't say this," says Ace Underhill, ASM "Creator."
There is a better way: The sports leagues can have the best of both worlds by embracing the concept of a "sports stock market" that will give them the revenue they are seeking without creating a massive disconnect with their fans. The world of sports investing is one well worth consideration and it is the future of fan engagement. As the old saying goes "What happens in Vegas, stays in Vegas!" Regulated sports betting is just one of the many things that should stay there. Real money sports team investing is not here just yet... but it will become a reality with public support. You can test drive the free market at http://AllSportsMarket.com/(follow #SportsFolio) and sign the online petition at http://TheSportsVote.com/(follow #TheSportsVote)
AllSportsMarket (ASM) is the World's First Sports Stock Market trading your favorite teams around the clock with dividends paid on every win. Sports traders around the world compete to earn cash and win prizes. ASM is operated by The New Sports Economy Institute, a 501(c)(3) nonprofit organization established to teach finance through sports. The market technology is international patent pending in 148 nations. Bernie Nicholls is ASM's spokesman and sports industry liaison. Bernie was an explosive scorer who accumulated over 1,200 career points while playing for six NHL teams. Recently, Bernie helped coach the Los Angeles Kings to their first Stanley Cup ever in their 48-year history. Ace Underhill is the sole technical architect and creator with over 15 years' experience working in movies, television and music videos with such luminaries as Eminem, Snoop Dogg, Coldplay, Rihanna, Foo Fighters, Ariana Grande, Eddie Murphy, Christopher Titus and other top personalities worldwide. For more information, visit: http://AllSportsMarket.com. ASM Free! is available now for nearly all platforms worldwide including Apple (including Apple Watch), Android, BlackBerry, tablets, notebooks and desktop computers. The DeLorean Time Machine will be given away on Back to the Future Day, Oct. 21, 2015, in Hollywood. Sign up FREE (with no credit card needed) using the referral code "DELOREAN" for a chance to win and get 10 FREE shares in your favorite MLB team. Be sure to stop by the forums to chat with Bernie, Ace and sports traders from around the world.
Contact:
Jason Henry - AllSportsMarket (ASM) Media Relations
iPhone (705) 772-7066 or Email
http://AllSportsMarket.com/
Cameron Wynne
DeLorean Motor Company California
(714) 842-0040 or Email
http://DeLorean.com/
Photo - http://photos.prnewswire.com/prnh/20150520/217710
Photo - http://photos.prnewswire.com/prnh/20150520/217709
SOURCE AllSportsMarket
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