In light of the current state of affairs in the world of sports and the need for excitement, a new trend has emerged. Rather than setting a target score for a golf hole or basketball court, people are now setting tangible goals – such as getting into a particular university or achieving a certain financial status – for the sake of their love of gambling. This trend was given substance via the fantasy sports phenomenon during the 2010s and is being further solidified by the likes of TikTok.
TikTok & Fantasy Sports
To understand the growing popularity of goal-oriented wagering, one needs only look at TikTok – the seemingly unstoppable force in the world of social media and mobile entertainment.
The popularity of the app makes it one of the most downloaded apps of all time with over 500 million downloads globally. It’s available for almost every digital device and can be accessed via an easily searchable API.
The Challenges Of Modern Parenting
While you might assume that a child’s addiction to screen time would present the perfect opportunity to set some parenting limits, that isn’t the case for everyone. For instance, some parents are finding that the popularity of TikTok creates tension between their children and themselves as they try to regulate screen time – particularly when there are competing interests involved, such as when siblings want to use the device at the same time. The issue isn’t that technology is a bad thing, it’s that it can become so advanced that it’s challenging for parents to know where to draw the line in terms of their children’s access to it. Even more complicated is the fact that some technologies – such as TikTok – are designed to be used by everyone, which makes it even more difficult for parents to know how much screen time their children should have.
The Rise Of Esports
Besides the rise of TikTok, another significant development that reflects the increased use of fantasy sports in wagering is the growing popularity of esports – or competitive gaming – which you might consider a form of wagering, since money is generally on the line. While traditional sports were previously the exclusive domain of adults, esports are now a growing part of people’s lives – even if they don’t necessarily identify as gamers. It’s no coincidence that many esports competitions are gaining in popularity just as the fantasy sports industry is heading in that direction.
With the explosion of online gambling in the past few years and the increased accessibility of high-speed Internet, it’s no surprise that people are finding a new way to bet. And while some may see this as a passing fad, we can expect to see more people interested in setting tangible goals and using betting as a way to achieve them.