WWE Pursues Legislation to Authorize Intense Professional Wrestling Contests
WWE Eyeing Legal Betting on Pro Wrestling Matches
The world of professional wrestling is about to get a whole lot more exciting. Reports suggest that the WWE is making moves to legalize betting on its matches here in the United States. This could be huge, as the company is reportedly in talks with gambling regulatory bodies in Colorado and Michigan to make it happen.
Scripting Matches with a Twist
To ensure that the scripted match results stay secret, WWE has brought on board global consulting firm Ernst & Young. They'll make sure that any leaks of the results don't spoil the show for viewers. Keeping things hush-hush has always been a challenge for WWE, but with Ernst & Young on the team, they're ready to take on the task.
In the past, WWE worked with award programs like the Oscars to keep things a secret. They also had a strict rule of keeping results from wrestlers until just before the show. But this time, they're aiming for something bigger.
Bet on WWE Matches, Only Overseas for Now
Sportsbooks like DraftKings and FanDuel already offer betting services for the Oscars, and WWE wants to expand that to their major wrestling events on a grand scale. While betting on WWE matches is already available in overseas markets, the US is still catching up.
But there's a twist. Instead of traditional betting, players would participate in a "quiz" type game where they can win cash prizes by correctly predicting match outcomes. This could add a new layer of excitement to watching WWE matches.
What About Sports Betting Laws?
Sports betting is still illegal in states like California, Florida, and Texas. Whether these states will allow betting on scripted matches remains to be seen. For now, WWE has a backup plan in case things don't go their way. They're working on a way for players to bet on various storylines associated with each match.
All About the WWE
Founded in 1953 as the Capitol Wrestling Corporation, the WWE is the largest wrestling promoter in the world. It's available in over 1 billion households in 30 languages. The company licenses its concept and intellectual property to third parties to produce video games, toys, and action figures.
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The potential legalization of betting on WWE matches could add a fresh dimension to the world of sports entertainment, especially since its sports-betting counterparts like DraftKings and FanDuel are already offering betting services for other events. To maintain secrecy, global consulting firm Ernst & Young has been roped in to ensure that any leaks of the results are kept at bay. However, the legality of betting on WWE matches is still uncertain in states where sports betting is illegal, such as California, Florida, and Texas, compelling the WWE to develop alternate options for players, like betting on various storylines associated with each match.
