Boom Fantasy, an in-game fantasy sports company, has launched a unique real-money fantasy sports product. Players can compete in 10-minute fantasy sports leagues that are centered on live events fans can watch on TV. The product differs from others in the market that make players draft a lineup and see how they do later in the day.
Boom Fantasy plans to enhance the fantasy sports experience. “Just as DraftKings and FanDuel improved upon the old fantasy sports model, we are doing the same with daily fantasy sports,” said Stephen A. Murphy, co-founder and CEO of Boom Fantasy. “At Boom, we cater to real fans who actually want to watch the games – not necessarily the number-crunchers who use complicated algorithms to outperform other lineups.”
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With the ability to make in-game decisions, players can become more involved and interactive with the live events during sports games. Players can answer questions like “Will LeBron James score more than 8 points this quarter?” or “Will Adam Vinatieri make this 50-yard field goal?” during live events.
All real-money tournaments incorporate multiple events, but are centered on a primary game where players compete against one another by answering between 7 to 50 questions, depending on the tournament format. Boom Fantasy is focusing on how their new product can cut the league time to as low as 10 minutes. It seems that Boom Fantasy thought of a good solution to shorten up drawn-out competitions that were season-long. Boom Fantasy hopes this quick turn around will engage more users and fans.
After a successful beta period where its users placed 1.5 million predictions in just three months, Boom Fantasy will bring this innovative product to sports fans this year.
Boom Fantasy has previously worked at MGM Resorts International, Google, the Israeli Air Force, and High 5 Games with real-money gaming and technology. The company has raised $1.4 million from top Silicon Valley investors with the aim to change fantasy sports in a unique way.