Add 'Valorant, League Fans Snap Versus Riot's new Gambling Rules'

Valorant%2C-League-Fans-Snap-Versus-Riot%27s-new-Gambling-Rules.md

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+[bet9ja.com](https://web.bet9ja.com/Sport/Default.aspx)<br>League of Legends and Valorant developer Riot Games is backing and welcoming the spread of [sports betting](https://www.bet9japromotioncode.com.ng/casino-games/aviator-game/) in its esports competitors, the business announced Thursday. In a modification announced by president of releasing an esports at Riot Games John Needham, Riot will permit esports betting [sponsorships](https://www.thetimes.co.uk/search?source=nav-desktop&q=sponsorships) for Tear 1 League of Legends and Valorant teams in the Americas, Europe, Middle East, and Africa.<br>[nostrabet.com](https://nostrabet.com/en/bet9ja/)
+<br>Riot states it's doing so for a variety of reasons - one being that esports betting currently exists throughout its competitive video games, and according to Needham, "70% of bets across all sports are placed in unregulated markets with bookies who aren't licensed."<br>
+<br>"We believe it's better to engage in allowing wagering sponsorships - thoughtfully, thoroughly, and with the right securities - than to rest on the sidelines while risks to fans and stability go untreated," Needham wrote in a post on Riot's site.<br>
+<br>Needham states that League of Legends and Valorant esports groups have actually promoted the change in enabling sports wagering sponsors "to open sponsorship chances with betting brands to create extra earnings for their monetary health." Riot will likewise benefit from the profits made from gambling on League and Valorant, but pledges to invest a portion of that cash back into its esports programs.<br>
+<br>Riot says it will put specific "guardrails" in location. It guarantees to veterinarian and approve the gaming companies who wish to sponsor teams