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Sports fans trade baseball card Bobble heads and the occasional -- -- but what about trading shares of your favorite happily.
That is the idea behind one season dot com and Mike's erotica founder and CEO of one season joining me now might -- to -- here.
But people can actually wager money.
So that is what sets this site apart makes it different.
Well we don't like the thing is that I know how do you think you're like -- Major -- virtual -- that -- -- -- -- go ahead but you can you that you can actually put money at stake.
On your favorite players.
Correct that it is a lot like baseball cards about the piece of cardboard and we're.
Giving sports fans the ability to compete and interact with each other.
-- and the reason that you what I said the word wager is because the issue is it.
Need to -- it does sound like gambling which would be a legal why is this not.
-- if when you.
Try to define gambling and gambling is typically considered the game that is determined primarily by chance.
And there are -- and event and to play definable odds.
This is a free market system driven solely by supply and demand and -- in perpetuity.
Users come and go as they please and determined there.
Right and they that you essentially by ownership interest in players.
All -- exchange.
How do you determine who goes public.
And who doesn't.
We call them synthetic ownership interest them again there they're virtual goods.
And the market determine who's issued when there issues in the value -- issues and that demand whole list.
-- who doesn't have.
A stock who doesn't have shares.
Which player which athletes even famous athletes.
Don't trade yet.
Well we just launched about three and a half months ago and so there's only roughly fifty players available in the system right now so there's quite a few that are not available yet.
Up like Ben Roethlisberger.
Is he can -- -- bit by shares have been yeah big.
Big bend IPO which is an initial player offering which issued yesterday morning.
For the Super Bowl -- thank you who else from this may be opposing team.
The -- FitzGerald -- weren't made available probably about a week prior okay.
I have my how many users do you have people using one season that are -- how do you make money.
We haven't disclosed that number but it's measured in the tens of thousands.
And the revenue model paralysis of the transaction based model that we -- a trading commission -- -- -- trading activity.
And also earn interest on -- phones.
Who is the most valuable.
Sports figure on the site.
What bounces around but it seems to be.
Usually LeBron James and Kobe Bryant and sometimes Michael Jordan as well.
And hill is the least valuable maybe who's the biggest bargain.
Back -- two different questions that I don't know the answer and wouldn't want to try to give -- And what about Michael Phelps.
It's not available in the system are covering the big four US sports that your football basketball baseball all right my thanks in this summit remained there might throughout they never had -- -- dot com.
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