I was really curious about the fantasy sports and now in 2014 it’s such a huge market. I cannot believe how it developed. I have never been that kind of person that had to bet on everything and needs to add excitement to sports. To be honest, if you are really enthusiastic you do not need to. I mean, if I watch a really boring game where I could not care less which team is winning, it may help to bet on it or have players in your fantasy team.
But there are some more trends and I’m really excited how it turns out. What I was always thinking of was a fantasy stock exchange for all sports. No matter if it’s Baseball, Basketball, Football, Tennis, Golf, whatever. I just want to buy shares of a certain player and sell it later when the price went up. I was always more the kind of guy trading for the longterm instead of the quick profit. Maybe that’s why I’m not really interested in betting where short term profits can be made. What I love to do is analysing players, especially young talents in the minor leagues and just bet on them to became VPs.
I’m not sure if that is working out. I already heard about similar stuff but nothing too professional for me. So I did not follow and gave up on it. But what I can see is that there are a lot of innovative products popping up where everybody thought it is impossible. And these are also sort of “fantasy” products, mostly finance related. The best example I can give you is binary options (where you can trade with your Android device as well). I am a professional trader myself, at least that is what I was doing for a living for a long time, so I know what I’m talking about. In this case the financial market is nothing else than the foundation for such derivatives. It really has nothing to do with it because when you buy an option on Microsoft it has no influence to the market at all. When you buy shares through a stock exchange, you need to find someone that is willing to sell. Usually, this is no problem but still, this is what the market is doing. So generally speaking, the brokers that are offering these products just use the financial market to determine prices. Everything else is a gamble, a bet. This is one of the reasons why binary options in the US are more or less illegal to trade. But to be honest, this is just a game and has no real influence on the market. The US allows so many things that are much, much worse that I cannot even describe. Anyways, interesting how things will look like in 5 years from now.