Smashing success! Football INDEX, a football gambling platform, launched an equity crowdfunding campaign on Seedrs at the end of March to raise £800,000 as it preps to become world’s first football stockmarket. Since its launch, the initiative has successfully secured over £1 million.
The company revealed that its key mission is to establish a Tradable Market in football by issuing “Virtual Shares” in the top football players:
“Football INDEX addresses a huge impassioned audience with a unique and compelling proposition: BUY, SELL, BET, indeed “invest” real money in the world’s Top 200 football players. Build value in your portfolio (capital appreciation), earn dividends (ROI), and ultimately sell at a profit. We believe the Product fills a vacant space between two massive markets with huge followings – football sports betting & fantasy football – but has advantages over both in certain respects.”
Here’s how to create a Football INDEX portfolio:
- Create an account
- Buy football players
- Sell at a profit
Those who participate on the website may do so by depositing as little as £10. Footballers are currently for sale from just £1. Funds from the campaign will be used to develop technology/infrastructure (20%) and marketing budget to scale the platform (80%).
In recent news, Football INDEX has signed a Free Game deal with Webet, a company that is currently in the process of its brand in China. CEO of Football INDEX, Adam Cole commented:
“We now have two substantial partners to help us develop Free Game versions of our platform. With Free Games all the revenue goes to the bottom line, and they are a great option for territories like the USA where gambling isn’t compliant. It’s an exciting opportunity for us.”
Football INDEX is currently offering 19% of equity to those who invest and its pre-valuation was at £4,497,268.
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