SportsVault, bootstrapped by its founders since it’s inception in late 2010, is steadily picking up steam in the world of fantasy sports. SportsVault comes with a breath of fresh air with a With a passionate commitment to improving all aspects of this rapidly growing industry. SportsVault felt that league fees were the first issue that needed to be addressed. “Commissioners” create a league, set the fee/prize amount, invite a group of people to play, and then ‘collect’ fees at the start of the season. But what happens to your money that you are investing for a 3+ month season?
Barriers to Fantasy Sports
Does the money end up in the commissioner’ underwear drawer? Car glovebox? Will the current payment system “freeze” my payments? With the popularity of fantasy sports rising so quickly, we the fans have just “made it work” for the love of seeing our favorite sports stars rake in the points for our team. This has come at the cost of uncertainty, loss of fun competition, and many barriers in getting new people playing the game. Unless you have a job with a ‘work league’ in place or friends that have an extra spot in their league this year, it’s pretty tough to join a fantasy league, let alone have fun in the process.
Eliminating “What if’s”
So, what if your funds were stored in a secure bank account for the entirety of the season? What if you could see all your league-mates, and which of them is still too lazy to pay their $20 entry fee? What if everyone agreed to a prize amount and the winners were automatically paid out at the conclusion of the season? While this doesn’t solve all the problems faced with an exploding industry, SportsVault already securely handles your payments, holds everyone in your league accountable for payment, and pays out the winners at the conclusion of the season.
Just like you can’t win football games without a Quarterback (although the Jets keep trying), you can’t play fantasy sports without a commissioner. The commissioner is the foundation of a league, and can make or break a league’s dynamic before it even begins. While the industry may keep growing in numbers, we must continue to innovate on tools available to the commissioner for the industry to positively evolve and keep up. SportsVault will continue to make that process and fun as possible for both commissioners and newcomers alike.
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Written by Brandon Fischer, CoFounder of SportsVault