{"id":39122,"date":"2022-02-02T17:16:48","date_gmt":"2022-02-02T17:16:48","guid":{"rendered":"https:\/\/indiansportsnews.co.in\/?p=39122"},"modified":"2022-02-02T17:16:48","modified_gmt":"2022-02-02T17:16:48","slug":"2021-s-game-changer-metaverse-is-poised-to-change-india-s-betting-landscape-here-s-how","status":"publish","type":"post","link":"https:\/\/indiansportsnews.co.in\/?p=39122","title":{"rendered":"2021\u2019s game changer Metaverse is poised to change India\u2019s betting landscape\u2014here\u2019s how"},"content":{"rendered":"<p><img decoding=\"async\" class=\" size-full wp-image-39121\" src=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2022\/02\/Metaverse.jpg\" alt=\"Metaverse\" width=\"850\" style=\"margin: 8px auto; display: block;\" srcset=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2022\/02\/Metaverse.jpg 907w, https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2022\/02\/Metaverse-300x169.jpg 300w, https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2022\/02\/Metaverse-768x433.jpg 768w, https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2022\/02\/Metaverse-150x85.jpg 150w, https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2022\/02\/Metaverse-696x392.jpg 696w\" sizes=\"(max-width: 907px) 100vw, 907px\" \/>Although it\u2019s still in infancy, the Metaverse is here, and it\u2019s poised to become the next gamer changer\u2014especially for India\u2019s <span style=\"color: #0000ff;\"><strong><a href=\"https:\/\/www.betrallyindia.com\/\" style=\"color: #0000ff;\">online betting<\/a><\/strong><\/span> landscape.<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Metaverse has arrived, and it\u2019s more than just a buzzword<\/strong><\/span><\/p>\n<p>The mainstream world has opened its doors to Metaverse, the once niche concept of a centralized virtual world that\u2019s existing in parallel to the physical world where people can directly interact with each other via digital avatars. This year, we have seen this digital world careened into the mainstream landscape as perfectly demonstrated by Facebook\u2019s decision to rebrand as Meta.<\/p>\n<p>Investors are also <span style=\"color: #0000ff;\"><a href=\"https:\/\/indianexpress.com\/article\/business\/world-market\/investors-snap-up-metaverse-real-estate-in-a-virtual-land-boom-7650812\/\" style=\"color: #0000ff;\"><strong>capitalizing on<\/strong> <strong>this virtual boom<\/strong><\/a><\/span> and are reportedly snapping up real estate in the metaverse world. That\u2019s not surprising: digital currency investor Grayscale has estimated that the global market for goods and services in the metaverse will soon be worth $1 trillion.<\/p>\n<p>In India, Meta\u2019s top executives are forecasting \u201cgreat early adoption\u201d in the mobile-friendly country. Vishal Shah, vice president for Metaverse at Meta,<span style=\"color: #0000ff;\"> <a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/expect-metaverse-pilots-great-early-adoption-in-india-meta-v-p\/articleshow\/88267394.cms\" style=\"color: #0000ff;\"><strong>said<\/strong><\/a> <\/span>in a recent media briefing: \u201cIndia has been an early adopter for us for years now. One of the reasons we have invested for years in the Indian market is for exactly these reasons. Some based on scale, but largely because of what we are seeing in the market from an entrepreneurial perspective, from a creative perspective.\u201d<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>How can Metaverse change betting in India?<\/strong><\/span><\/p>\n<p>With the rising interest in the Metaverse\u2014both in the concept and in real-world applications\u2014there\u2019s reason to believe it\u2019s only a matter of time before sports fans experience front-row cricket game action from the comforts of their homes.<\/p>\n<p>Metaverse is poised to usher in a new era of online gaming, and sports betting in particular will greatly benefit from technological innovation. Sports betting is considered to be the largest real-money gaming market as well as the biggest entertainment segment in the Union, according to the<span style=\"color: #0000ff;\"><a href=\"https:\/\/env.media\/sports-betting-indias-favourite-invisible-giant\/\" style=\"color: #0000ff;\"><strong> recent study by media company ENV Media.<\/strong><\/a><\/span><\/p>\n<p>The research, which utilized proprietary data from ENV Media\u2019s sports betting affiliate Bet India, showed that sports betting is largely enjoyed by younger male players generally located in larger urban areas such as Mumbai, Delhi, Bangalore, and Chennai. This correlates with the growing popularity of trends like Metaverse in the country, which is moving in a mobile-first trajectory thanks to the wide availability of affordable mobile devices and cheap internet.<\/p>\n<p>As ENV Media analysts explained, \u201cThe growing and inevitable importance of technology is one foregone conclusion. Those who seek, consume, and, ultimately, bet on sports content, have gotten used to doing it online, out of their own hands. The younger generations will increasingly determine tech-based demand.\u201d<\/p>\n<p>An estimated 33% of desi consumers are willing to place more bets \u201cif it were easier to do so,\u201d according to research data. Now imagine a world where the Metaverse is fully rolled out, allowing sports fans to enjoy any game from their couch\u2014and yes, players can turn the time they spend into money. This is a digital opportunity that inspires the young generation to make their play for their fortune. The question now is what stand the central government will take, given its outdated and conservative view on how online gaming shall be regulated. At the moment, it\u2019s still a guessing game on what the legal scene will look like in the near future although many industry stakeholders hope that the time for the liberalization of the betting market is coming, as guided by India\u2019s Constitution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although it\u2019s still in infancy, the Metaverse is here, and it\u2019s poised to become the next gamer changer\u2014especially for India\u2019s online betting landscape. Metaverse has arrived, and it\u2019s more than just a buzzword The mainstream world has opened its doors to Metaverse, the once niche concept of a centralized virtual world that\u2019s existing in parallel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-39122","post","type-post","status-publish","format-standard","has-post-thumbnail","category-more-sports-more-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2021\u2019s game changer Metaverse is poised to change India\u2019s betting landscape\u2014here\u2019s how - IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiansportsnews.co.in\/?p=39122\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2021\u2019s game changer Metaverse is poised to change India\u2019s betting landscape\u2014here\u2019s how - IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports\" \/>\n<meta property=\"og:description\" content=\"Although it\u2019s still in infancy, the Metaverse is here, and it\u2019s poised to become the next gamer changer\u2014especially for India\u2019s online betting landscape. Metaverse has arrived, and it\u2019s more than just a buzzword The mainstream world has opened its doors to Metaverse, the once niche concept of a centralized virtual world that\u2019s existing in parallel [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/indiansportsnews.co.in\/?p=39122\" \/>\n<meta property=\"og:site_name\" content=\"IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-02T17:16:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2022\/02\/Metaverse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"907\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=39122#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=39122\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/#\\\/schema\\\/person\\\/b8f51f3c66686ab3518464e9b8368646\"},\"headline\":\"2021\u2019s game changer Metaverse is poised to change India\u2019s betting landscape\u2014here\u2019s how\",\"datePublished\":\"2022-02-02T17:16:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=39122\"},\"wordCount\":599,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=39122#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/indiansportsnews.co.in\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/Metaverse.jpg\",\"articleSection\":[\"More Sports\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=39122#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=39122\",\"url\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=39122\",\"name\":\"2021\u2019s game changer Metaverse is poised to change India\u2019s betting landscape\u2014here\u2019s how - IndianSportsNews.com - Latest Updated Sports News &amp; 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