Is Fantasy Sports the next big thing? Lets understand what is it

There are different platforms where you can create your own teams and win actual cash. These are termed as fantasy sports. But its no more a gambling platform-- Shows the studies from different researchers.

Rather, sports enthusiasts engage with fantasy sports to enhance their viewing experience and not for monetary gratification. In fact, over 80% of all online fantasy sports users participate in contests for free, purely as a means of entertainment and to engage with the sport they love in a more intimate and real-time manner.
Making a team on a fantasy sports platform requires a user to demonstrate a range of skill which is considerably higher than what is required by a mutual fund manager to handle a portfolio.”

This was conclusively determined and demonstrated in a joint report by researchers from Massachusetts Institute of Technology and Columbia University in August 2020. Similar findings were earlier echoed by researchers from IIM Bangalore in their study in December 2019 which was published in a Harvard Business School publication. It states that there is enough evidence to conclude that performance in fantasy sports is skill-dominant. The Indian Judiciary too, has, time and again, authoritatively held that fantasy sports are skill-predominant and that a ‘game of skill’ is distinguishable from gambling