December 18, 2014 in public
NHL Legend, Bernie Nicholls says: “This isn’t just a market for trading without a purpose…”
LOS ANGELES, Dec. 18, 2014 /PRNewswire/ — AllSportsMarket is releasing the ASM Free! Web App in the coming weeks expanding sports trader access far beyond the current 11.7 percent share of the current Apple iOS platform to nearly every mobile device, desktop and Web appliance (such as Roku) around the world.
NHL Legend, Bernie Nicholls says: “Obviously when you can get into the hands of sports fans everywhere, on almost any device, it adds to the excitement of having more people to compete against. The level of competition that sports fans will experience is something I believe will surprise a lot of people. This isn’t just a market for trading without a purpose, as the level of thought and understanding of real stock markets that has gone into the creation of this market for trading performance based sports stocks, is amazing. Like I said, people are going to be surprised when they open up this App.”
AllSportsMarket (ASM) is a sports stock market where you can buy and sell sports teams and get paid dividends as your teams win. To prepare sports fans and traders for The New Sports Economy, ASM Free! is presently trading all NBA, NFL and NHL teams 24 hours a day as a free-money app. It is a live demonstration of the 3 main future benefits of the coming real-money markets:
Every financial instrument creates a price. The price of Microsoft, gold or oil is known. If sports will be traded like everything else, it should produce price information like everything else. Neither daily fantasy, nor sports betting is designed to do this and the stock market format also ensures that fortunes are not lost overnight.
Even with careful monitoring, sports betting will always attract bad actors because there is so much at stake. Designing the right incentives from the start provides a much better answer. On ASM, game-based payments are not at the levels where cheating makes sense. When people don’t have the incentive to cheat, they simply won’t. Knowing that, the public will be fully trusting instead of skeptical, which will lead to much deeper fan engagement.
Rebuilding the American Dream
The United States is built on the unshakeable belief that any hard working person can make it and that we all have equal access to opportunity. Recently, however, the overall confidence in the American dream has taken a big hit and nobody has offered any workable solutions. It needs to be restored. But how?
Combining sports and finance in socially beneficial ways makes it happen. People love sports and they are passionate about it. A well-functioning sports stock market will shatter the financial barrier for fans by creating new ways to make money based on sports. Collectively, our passion for sports will lead to entrepreneurship, jobs and growth.
Sports betting and fantasy for money are inferior systems that don’t create prices, preserve integrity or make a meaningful economic difference. There is a better way.
AllSportsMarket (ASM) is operated by The New Sports Economy Institute, a 501(c)(3) nonprofit organization established to teach finance through sports. Bernie Nicholls is ASM’s spokesman and sports industry liaison. Bernie was an explosive scorer who accumulated over 1,200 career points while playing for six NHL teams. Recently, Bernie helped coach the L.A. Kings to their first Stanley Cup in 47 years. For more information and to enter the 2015 AllSportsMarket Web App Super Bowl Challenge for FREE!, visit: http://www.ASMFree.com and click the orange Web App icon beneath the Apple download button.