License We know the license is coming sometime soon. The Curacao betting license instantly makes FDM a real esports wagering company. Peer companies are trading at $70 million to $120 million (FANS and BETS to name 2). FDM is currently trading at $12 million. This leaves a lot of room for investor upside. Bear in mind this valuation correlation does not take into account the all ages social prediction vertical which is a potential monster on its own.