Stock upside easy to see. Esports betting universe
Only FDM is going after every esports fan for social non regulated betting and age/geo restricted regulated and licensed esports betting. This company is on point and honestly has no true peer comparables. The real wagering gives an implied valuation of $70 to $100 million. The all ages esports social media betting vertical has infinite value and is comparable to Facebook, Instagram or Twitter for comparison with the only difference being the esports fan segmentation.
The market is taking note that FDM is trading at a massive discount to other esports betting companies. Four examples are shown below.
FDM: $14 million Cdn.
Canada: BETS ($84 million)
Canada FANS ( $72 million)
US: GMBL ($71 million US)
US: AESE ($61 million US)