Adam Whyte, founder of Edge Esports, outlined the problems with poorly drafted contracts in the world of esports and how the space must mature from a legal standpoint.
Global esports revenue is estimated to pass $1 billion this year and approach $2 billion by 2022, but the laws governing the leagues, players and tournaments could benefit from more professionalism. At Casual Connect London, Adam Whyte of Edge Esports spoke specifically about the problems of the 'Wild West' when it comes to contracts in esports: "Contracts are poorly drafted, invoices often unpaid, and teams form and disband more frequently than not."
In the full presentation, which you can watch in the video below, Whyte argues that a certain lack of professionalism is actually holding back the esports industry. "A way to guarantee esports entitiies are held reliable to paying out prize pools and delivering on player contracts [is needed]," he said.
Casual Connect is now GameDaily Connect -- stay tuned for more information on GameDaily Connect in Disneyland, August 27-29.
For more stories like this one delivered straight to your inbox, please subscribe to the GameDailyBiz Digest!/* =$comments; */?>