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Arias Intel’s SportXction® to Take Advantage of Huge Opportunity After Supreme Court Ruling to Allow States to Legalize Sports Betting(May 17, 2018)
SportXction – Patented, Proprietary, Real-Time Software for Play-by-Play Wagering
TAMPA, FL, May 17, 2018 (GLOBE NEWSWIRE) -- Arias Intel Corp. (OTC Markets: ASNT) (the "Company"), a technology, media and mobile gaming platform, today announced the Supreme Court of the United States decision to allow states to legalize sports betting could be beneficial for mobile application development using its patented and proprietary SportXction technology.
SportXction is a patented, proprietary, real-time interactive software system which allows a user to make play-by-play wagers on a sporting event while the event is in progress. Wagering may be conducted online while viewing a live sporting event.
The SportXction technology accepts wagers not only on the outcome of the sporting event, but also on discrete parts of the event and on specific in-game situations for such sports as soccer, football, baseball, basketball, golf, tennis, rugby, cricket, among many others. The Company believes this technology has multiple mobile applications.
In a 6-3 decision, the Supreme Court struck down the Professional and Amateur Sports Protection Act, which prevented the legalization of sports betting in states that had not previously allowed such activities. Nevada was the only state with legalized full-scale sports gambling before Monday. Now, each state will be free to legalize and enforce sports betting as it sees fit.
The wagers offered through the SportXction are primarily oriented to short-term action, for example, is the penalty kick successful, is the next play a run or a pass, is the next pitch a ball or a strike, does the shooter make two foul shots, and many more. The wagers have odds associated with them, which relate to the probable outcome of the proposition being wagered upon, and the odds are adjusted in real-time to balance the betting using proprietary algorithms and artificial intelligence software to reflect user sentiment, as derived from their betting patterns.
The Company acquired the intellectual property rights and gaming software technology from Interactive Systems Worldwide, Inc. ("ISWI"), including its SportXction rights, in July 2017. According to ISWI, the technology has been used in the U.S., as well as licensed in Europe, Asia and South America and has supported wagers on over 2,800 annual sporting events worldwide.
The American Gambling Association estimates there is $150 billion illegal sports betting market in the U.S. At least 12 states have active sports betting-related legislation, with more expected to introduce bills throughout 2018, especially in light of Monday’s ruling.
According to research by Oxford Economics, legalizing sports betting in the U.S. would curb the illegal market while supporting up to 152,000 jobs, creating an estimated $26 billion in economic output and generating up to $5.3 billion in tax revenue.
About Arias Intel Corp.
Arias Intel Corp. is a digital media platform for tech, media, and gaming, which includes mobile apps and gaming, augmented and virtual reality, on-demand delivery, digital and social media, and e-commerce. The Company plans to generate revenue through in-app purchases, service fees, and cross-channel advertising.
The Company's focus is on developing innovative technologies that leverage connectivity, distribution, and social networks. The Company intends to use its digital platforms to implement its unique marketing strategy that empowers viral and social mechanisms to reach a growing demographic that utilizes: (1) mobile apps and gaming, (2) social media, and (3) on-demand delivery. The Company believes its platforms are entertaining, convenient and scalable.
The Company intends to use its platform to build its subscriber base and boost users' engagement within its digital platforms to gather analytics and target advertising directly to users based on their preferences. The Company is also exploring opportunities to expand a suite of mobile games and apps that target similar audience demographics. The Company may explore these opportunities through the acquisition of operating companies, asset purchases or internal development.
Arias Intel Corp.
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