Esports Entertainment Group Inc (OTCQB:GMBL), a licensed online gambling company, said Friday that its e-sports betting platform VIE.gg is teaming up with Epsilon eSports to raise money for charities through P2P esports betting between fans and three Epsilon eSports team Counter-Strike: Global Offensive (CS:GO) players till May 31, 2019.
The company explained that fans will keep their winnings, while bets won by the Epsilon team pros would be donated to their chosen charities.
“While CS:GO pros are normally prohibited from betting on CS:GO by the Esports Integrity Coalition (ESIC) anti-corruption code, this promotion has been approved by ESIC and the players are cleared to bet on CS:GO only on Vie.gg during this promotion,” said the company.
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Vie.gg, which is a member of the Esports Integrity Coalition, said it will “monitor player accounts” to make sure “no suspicious bets are placed.”
“This is a fantastic initiative between VIE.gg and our players, and we are extremely proud to take part in helping to make the world a better place,” said Epsilon eSports CEO Gregory Champagne. “The trio, K1to, Surreal and SPELLAN have chosen to donate their winnings to worthy charities that have important meaning to each of them and I know they look forward with great excitement to challenging esports fans.”
VIE.gg offers exchange-style wagering and pool betting on e-sports events in a licensed, regulated and secured platform. It is the first and most transparent e-sports bet exchange as a result of Esports Entertainment Group being a fully reporting SEC issuer in the US.
“In January, we announced our esports wagering partnership with Epsilon and couldn’t imagine we would already be working on three such worthy causes together,” said Esports Entertainment Group Grant Johnson. “As we work towards establishing VIE.gg as the premier destination for transparent esports betting between fans, we also feel strongly about helping those most in need by supporting our partner, their great players and their great charities.”
Professional player SPELLAN’s (aka Teodor Nikolov), chosen charity is “Teach For Bulgaria.”
"I will donate my winnings from VIE.gg to Teach For Bulgaria because I know that life in Bulgaria is really hard for some children that deserve a better life,” said Nikolov. “I feel very proud and happy that I am able to help them through my esports play." To challenge SPELLAN fans can go to https://promo.vie.gg/spellan
Surreal (aka Kia Man), a British professional, said he will donate his winnings to Cancer Research UK. To challenge Surreal fans can access https://promo.vie.gg/surreal
K1to (aka Nils Gruhne), a German CS: GO player has settled on “Holidays From Cancer” as his chosen charity. “I will donate all my winnings to Holidays From Cancer because it breaks my heart that little kids have to deal with such a terrible thing so early in life," said Gruhne. Fans can challenge K1to through https://promo.vie.gg/k1to
How it works
Several times per week, each of the Epsilon players will examine the markets and place a bet on a team that they think will win (excluding Epsilon). The players will then post a notification regarding the bet on Twitter, along with the hashtag “#VIEcares” and challenge their followers to match the bet. Fans that sign up through this promotion will be given a free bet on VIE for up to 20 euros.
VIE will be providing the Epsilon players with money in their Vie accounts. The players understand the money is not withdrawable and will only be used to make bets during the promotional period, with final balances being donated to their designated charities.
If a fan signs up, bets against the Epsilon pro and wins, they are free to keep their winnings, as well as, claim bragging rights.
At the end of the promotional period in May, the players' total winnings will be audited, with final donations being made to each of their respective charities.
“It’s a pleasure to get to work directly with players that genuinely want to make a difference using our website,” said Brian Cordry, head of Esports at VIE.gg.
VIE.gg features wagering on a number of esports games including Counter-Strike: Global Offensive (CS:GO), League of Legends, Dota 2, Call of Duty, Overwatch, PUBG, Hearthstone and StarCraft II.
Contact Uttara Choudhury at [email protected]