There's big money in fantasy sports. Last year, alone, people paid $1.7 billion to play in fantasy leagues. With all that money sloshing around, a fantasy economy has sprung up, giving rise to real businesses. Here are four of them.
They highlight:
- Insurance - against the star player on your fantasy team getting injured.
- Banking - to facilitate participation in multiple fantasy leagues.
- Dispute Resolution - because not all fantasy contingencies are foreseen.
- Extreme gaming - because once a week football games are not enough for your fantasy team.
Wow. I find it hard to fathom that people pay real money to actually buy insurance for its characters in a fantasy game. A person would feel the need to win pretty badly, I'm guessing. I wondered if anyone had actually done a study on competitiveness among participants in fantasy football (because I- they did of course. http://gradworks.umi.com/15/06/1506021.html Not the greatest study, the sample was small and consisted of all undergraduate students. People who participate do tend to be more competitive individuals than those who don't.
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