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WYLDE, Co-Owned by Usain Bolt, Secures Investment from Enterprise Ireland

WYLDE, the Irish esports organization co-owned by Usain Bolt, secures an investment from Enterprise Ireland in their ongoing 2023 financing round.

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WYLDE, the esports organization co owned by the renowned athlete Usain Bolt has made an exciting announcement. They have secured an investment from Enterprise Ireland, which’s the countrys enterprise development agency. This investment is part of WYLDEs financing round in 2023 and further establishes Enterprise Ireland as a stakeholder in this promising esports venture.

Esports and Government Support; A Rare Combination

WYLDEs latest financing round sets a precedent in the world of esports. It stands out as one of the few esports brands to secure an investment partner from a government entity. The involvement of Enterprise Ireland signifies a milestone for WYLDE considering their collaboration as partners.

WYLDEs Rise and Diverse Portfolio

Established in 2021 WYLDE has experienced growth. Now boasts teams competing in popular titles like Trackmania, Rainbow Six; Siege, VALORANT and Rocket League. The organization goes beyond gaming; it also features a talented roster of content creators who contribute to its expanding presence within the esports community.

Strategic Support from Enterprise Ireland

Enterprise Ireland is well known for its support of companies through means such as investments and grants. Their mission aligns closely with WYLDEs vision, for growth.
The agency focuses on helping businesses grow and expand with an emphasis, on supporting job creation and organizing events.

Financial Details Remain Confidential

Although the specific financial details of the investment from Enterprise Ireland have not been disclosed WYLDE has confirmed that they are still in discussions with investors from Ireland. This presents an opportunity for collaboration before the year ends.

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Impressive Achievements by WYLDE

WYLDE has made headlines in the past by forming partnerships with known brands like Virgin Media and PUMA the sportswear giant associated with Usain Bolt. The organization has also played a role in academia partnering with Belfast Metropolitan College to establish Northern Irelands esports degree program.

CEO Steve Dalys Vision

Steve Daly, Co founder and CEO of WYLDE expressed his excitement for the support received from the Irish Government. He highlighted the growth of esports in Ireland and globally. Daly reiterated WYLDEs commitment to building a leading esports club while contributing to job creation, in Ireland.

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  • Gilberto Ceballos

    Gilberto is a Mexican law student at Universidad Panamericana in Mexico City, one of the top law schools in the country, with an unwavering passion for various legal subjects like international law and arbitration. He is part of the full immersion program, designed to provide students with a deep understanding of international law. This experience aims to delve into the complexities of global legal systems, international relations, and dispute resolution mechanisms. In addition to this, Gilberto participated in the youth parliament organized by the Mexican Senate, representing the voice of the Mexican youth, as well as having various international academic experiences in Canada, United Kingdom and France. He is a passionate gamer and looking forward to contribute to ELN.

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ELN Announcement: Launch of Esports Legal Wiki

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ELN Announcement Launch of Esports Legal Wiki

We are thrilled to announce the official launch of the Esports Legal Wiki, a groundbreaking new resource in the field of esports law, edited by Dr Despoina Farmaki and Leonid Shmatenko. This comprehensive digital encyclopedia features over 60 detailed legal definitions and analyses authored by a distinguished panel of experts in the esports legal domain. We extend our heartfelt thanks to the following contributors for their invaluable insights and expertise:

Esports Legal News (ELN) is also excited to promote Dr. Despoina Farmaki to Chief Academic Officer. Dr. Farmaki, who has played a pivotal role in the development of the Esports Legal Wiki, will not only oversee the finalization of this extensive project but will also spearhead an exciting new academic initiative set to be unveiled in the first quarter of 2025.

We invite scholars and practitioners from around the world to contribute to the Esports Legal Wiki. Your submissions will help ensure that this platform remains a cutting-edge, authoritative source for legal professionals, scholars, and anyone interested in the legal aspects of esports.

To participate, please refer to the attached call for papers and submission guidelines. Your contributions are crucial to the success and continual growth of this essential legal resource.

Thank you to all our contributors and supporters for making this project possible. We look forward to your ongoing engagement and to revealing further innovations in the near future.

Author

  • Leonid Shmatenko

    Leonid Shmatenko is part of Eversheds Sutherlands’ data protection and technology law team. He has vast experience in regulatory and general issues in the areas of eSports and Blockchain. He advises eSports associations and clubs on all legal issues, advises and supports crypto startups in all matters from planning, preparation to execution of private and public token offerings (so-called Initial Coin Offerings or ICOs). Furthermore, Leonid Shmatenko specializes in international arbitration and has participated in several arbitration proceedings (SAC, ICC, DIS, UNCITRAL, ICSID, ad hoc) as a party representative and secretary of the tribunal. Leonid Shmatenko studied at the Heinrich Heine University in Düsseldorf and is currently pursuing a PhD in international law. After his successful first state examination (2011), he completed his legal clerkship, inter alia, at the German Embassy in Lima and within international law firms in Düsseldorf and Paris. He passed the second state examination in 2015. He is an external lecturer at the National Law University of Ukraine “Yaroslav Mudryi”, where he teaches International Investment Law. He is admitted to the Bar in Switzerland and Germany. Before joining Eversheds Sutherland, Leonid Shmatenko worked as an attorney at leading law firms in Geneva, Munich and Paris.

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Takaze’s Take: Free the Agents – Sexism and Misogyny in the Esports Business

This new format of an article (Takaze’s Take) explains how an eathlete can file a discrimination lawsuit in the USA. This article also discusses women in sports.

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Takaze's Take: Free the Agents

On 28 February 2024, Josefine Jensen, a member of Astralis’ Women’s Counter-Strike team, took a stand. She Xed a letter to Valve Corporation, demanding a change in their business practices. Specifically, she urged them to make female agent skins free to use in Counter-Strike. This issue, she believes, is not just about Skins but about the deep-rooted sexism and misogyny that pervades the esports industry. 

The esports world has a rich history of mistreating women.[1] However, women in America do have a way to counterattack. For example, suppose the misandrist is someone you work with. In that case, you can file a Charge of Discrimination with the Equal Employment Opportunity Commission (EEOC).[2] 

The EEOC enforces “federal laws that make it illegal to discriminate against a job applicant or an employee because of the person’s race, color, religion, sex, national origin, age, disability, or genetic information.”[3] If you sign and file a Charge of Discrimination, you are “asserting that an employer, union or labor organization engaged in employment discrimination.”[4] You must file a Charge of Discrimination with the EEOC before you can sue your employer for discrimination.

Takaze’s Take

Filing a Charge of Discrimination is not your only option. In fact, as the war against Diversity, Equity, and Inclusion (DEI) intensifies, the EEOC may be unable to protect you. Unfortunately, your enemies intend to compel the EEOC to enforce the status quo.[5] If DEI is important to you, then a showdown with your adversaries may be inevitable. 

Mr. Monopoly’s Wisdom

Your opponents view DEI as a zero-sum game. Fear and insecurities are at the center of the conflict.[6] We ought to celebrate your accomplishments.[7] Instead, your adversaries recognize that these fears and insecurities make their followers susceptible to viewing your success as a threat.[8] Mr. Monopoly can help you understand the schism. Until recently, your enemies owned the entire board. Their rule was ruthless and absolute. Over time, your foes’ forefathers were forced to make half-hearted concessions. Your forebears were given Mediterranean Avenue—Connecticut Avenue. Their adversaries expected them to be content. 

Those whose shoulders you stand upon continued to press the issue. You landed on Atlantic Avenue, and your sights are set on Boardwalk. The last seven to eight years in American politics should have clarified one thing for you: Your enemies consider your desire to own Boardwalk wholly unacceptable. 

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Their Strategy

Your enemies are clever.[9] They copied the tactics of Civil Rights activists.[10] Now, your opponents are erasing them from your history books.[11] Their recent legislative and judicial victories show that your adversaries are reaping the rewards of their efforts.[12] Your enemies likely believe their victory will be absolute if they can expunge the history of your forebears.

The Counter-Strike

The sports and entertainment worlds have not acquiesced to your enemies’ demands.[13] As we enter the next phase of the streaming wars, alienating marginalized groups is a surefire way to lose.[14] You can leverage the pursuit of profits to your advantage. For example, working at the FDIC was a never-ending party until the Wall Street Journal arrived.[15]The author hopes that soon, every woman will feel safe in the workplace. Perhaps your enemies feel secure because the esports world is not mainstream. The author hopes you show them that they are misreading the tea leaves.

The spotlight is shining brightly upon the women’s sports universe. The WNBA and ESPN plan to capitalize on Caitlin Clark and Angel Reese’s fame.[16] The NWSL is expanding.[17] Private equity firms are investing heavily in the sports world.[18] The NFL is arriving fashionably late to the dance, but their dance card is undoubtedly full.[19] The esports world claims to be unhappy with its dependence upon the Saudis, and the business model needs to be tweaked.[20]Investors not chosen by the major sports leagues will need a date. If DEI is important to you, now may be the time to press the issue. 

Advance your token to Boardwalk.

Image source: Netcompany

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[1] Ajay Rose, Inside the World of Female esports: “It’s a Scary Space for Women’, The Athletic (Jul. 23, 2023), https://theathletic.com/4635621/2023/07/23/inside-the-world-of-female-esports/.

[2] Filing a Charge of Discrimination with the EEOChttps://www.eeoc.gov/filing-charge-discrimination (last visited Apr. 7, 2024).  

[3] Overviewhttps://www.eeoc.gov/overview (last visited Apr. 7, 2024). 

[4] Id.

[5] Robert Draper, America First Legal, a Trump-Aligned Group, Is Spoiling for a Fight, N.Y. Times (Mar. 21, 2024), https://www.nytimes.com/2024/03/21/us/politics/stephen-miller-america-first-legal.html?smid=nytcore-ios-share&referringSource=articleShare&ugrp=c&pvid=E1F42499-3ECC-4095-9233-0DA8057CA02A&sgrp=c-cb.

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[6] Why Young Men and Women Are Drifting Apart, The Economist (Mar. 13, 2024), https://www.economist.com/international/2024/03/13/why-the-growing-gulf-between-young-men-and-womenMaking Sense of the Gulf Between Young Men and Women, The Economist (Mar. 14, 2024), https://www.economist.com/leaders/2024/03/14/making-sense-of-the-gulf-between-young-men-and-women.

[7] Aparna Rae, White Men’s Role in Advancing Equity and Inclusion, Forbes (Mar. 14, 2024), https://www.forbes.com/sites/aparnarae/2024/03/14/white-mens-role-in-advancing-equity-and-inclusion/?sh=6f4d22b85b5f.

[8] Nicquel Terry Ellis & Catherine Thorbecke, DEI Efforts are Under Siege. Here’s What Experts Say is at Stake, CNN (Jan. 11, 2024), https://www.cnn.com/2024/01/07/us/dei-attacks-experts-warn-of-consequences-reaj/index.html.

[9] Nicholas Confessore, ‘America is Under Attack’: Inside the Anti-D.E.I. Crusade, N.Y. Times (Jan. 20, 2024), https://www.nytimes.com/interactive/2024/01/20/us/dei-woke-claremont-institute.html; Meg Little Reilly, Anti-DEI Bills Rely on Vague Language and Self-Censorship, Forbes (Mar. 5, 2024), https://www.forbes.com/sites/meglittlereilly/2024/03/05/anti-dei-bills-rely-on-vague-language-and-self-censorship/?sh=75b5535b1742.

[10] James Devitt, Bayard Rustin’s Blueprint for Activism—and Perhaps Progresshttps://www.nyu.edu/about/news-publications/news/2023/august/bayard-rustin-s-blueprint-for-activism-and-perhaps-progress.html (last visited Apr. 7, 2024); Adam Gopnik, Eclipsed in His Era, Bayard Rustin Gets to Shine in Ours, The New Yorker (Nov. 6, 2023), https://www.newyorker.com/magazine/2023/11/13/eclipsed-in-his-era-bayard-rustin-gets-to-shine-in-ours.

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[11] Taifa Natalee Alexander, Tracking the Attack on Critical Race Theory in Education, U.S. News (Apr. 11, 2023), https://www.usnews.com/opinion/articles/2023-04-11/tracking-the-attack-on-critical-race-theory-in-education;  Daniel Golden, Muzzled by DeSantis, Critical Race Theory Professors Cancel Courses or Modify Their Teaching, ProPublica (Jan. 3, 2023), https://www.propublica.org/article/desantis-critical-race-theory-florida-college-professors; Myles Hollingsworth, AP African American Studies and Critical Race Theory Ban in Florida, The Crisis (July 24, 2023), https://naacp.org/articles/ap-african-american-studies-and-critical-race-theory-ban-florida;  David Bernstein, Is Opposition to Critical Race Theory Correlated With Ignorance of Critical Race Theory?, Reason (Apr. 2, 2024), https://apple.news/AQmeDx-k2Te6xfEP5a69ndg.

[12] Jeff Green & Simone Foxman, Why Corporate America Has a Diversity Problem, Bloomberg (Mar. 14, 2024), https://www.bloomberg.com/news/articles/2024-03-14/video-why-corporate-america-has-a-diversity-problem.

[13] Bill King, The Pushback on DEI, Sports Business Journal (Mar. 11, 2024), https://www.sportsbusinessjournal.com/Articles/2024/03/11/dei-pushback; Jeremy W. Peters & Brooks Barnes, The Oscars Now Have D.E.I. Rules, But Some Say It’s Just a Performance, N.Y. Times (Mar. 10, 2024), https://www.nytimes.com/2024/03/08/us/oscars-oppenheimer-dei-diversity.html.

[14] Dr. Darnell Hunt & Dr. Ana-Christina Ramon, Diverse Audiences Prop Up A Struggling Theatrical Industry and Demand Diversity on Screen, Forbes (Mar. 7, 2024), https://www.forbes.com/sites/drdarnellhuntanddranachristinaramon/2024/03/07/diverse-audiences-prop-up-a-struggling-theatrical-industry-and-demand-diversity-on-screen/?sh=3ff2cb78742d.

[15] Rebecca Ballhaus, ‘What the Hell is Going on at the FDIC?’, The Wall Street Journal (Jan. 10, 2024), https://www.wsj.com/articles/fdic-6d9e8bf1.

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[16] Jacob Feldman, WNBA Has Big Plans to Ride Women’s Basketball Momentum, Sportico (Apr. 4, 2024), https://www.sportico.com/leagues/basketball/2024/caitlin-clark-wnba-momentum-popularity-draft-marketing-1234773879/; Tom Friend, Engelbert: Clark-Reese Could be the New Bird-Magic, Sports Business Journal (Mar. 3, 2024), https://www.sportsbusinessjournal.com/Articles/2024/03/03/wnba-cathy-engelbert-caitlin-clark-angel-reese.

[17] Cleveland Soccer Group Announces 12k Season-Ticket Pledges for Possible NWSL Expansion Franchise, Sports Business Journal (Apr. 4, 2024), https://www.sportsbusinessjournal.com/Articles/2024/04/04/cleveland-ohio-nwsl-expansion-team-bid?hl=NWSL&sc=0&publicationSource=searchNWSL Enters 2024 Campaign with Renewed Hope Amid Offseason Growth, Sports Business Journal (Mar. 15, 2024), https://www.sportsbusinessjournal.com/Articles/2024/03/15/nwsl-2024-season-preview?hl=NWSL&sc=0&publicationSource=search.

[18] Arctos Partners Raises $4.1B for Investments in Sports, Sports Business Journal (Apr. 2, 2024), https://www.sportsbusinessjournal.com/Articles/2024/04/02/arctos-partners-deals?hl=private+equity&sc=0&publicationSource=search; Abby Schultz, The Wealthy are Turning to Sports for Diversification, Barron’s (Jan. 2, 2024), https://www.barrons.com/articles/the-wealthy-are-turning-to-sports-for-diversification-9726aaac.

[19] Ben Fischer, Explaining the Caution on Private Equity, Sports Business Journal (Mar. 28, 2024),https://www.sportsbusinessjournal.com/Articles/2024/03/28/explaining-nfl-private-equity-caution?hl=private+equity&sc=0&publicationSource=search.  

[20] Asli Pelit, In Fading Esports Business, Saudi Money Still Flows, Sportico (Mar. 15, 2024), https://www.sportico.com/business/sponsorship/2024/esports-investment-saudi-arabia-1234770868/.

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Author

  • Takaze Turner

    Takaze A. Turner, a distinguished figure at the intersection of entertainment and law, showcases a profound passion for anime, cinema, and gaming. His academic journey commenced at the Ohio State University, where he excelled in English, earning his degree with cum laude honors. Furthering his legal education, Takaze achieved his Juris Doctor from the University of Missouri School of Law, before embarking on specialized legal studies. He has since attained an LL.M. in Business Law from Florida State University College of Law and an LL.M. in Entertainment Law from the University of Miami School of Law. Currently, he is enhancing his expertise by pursuing an LL.M. in Taxation Law at the same institution. Takaze’s multifaceted legal education, coupled with his deep-rooted interests in entertainment, positions him uniquely within the legal landscape. His academic accomplishments reflect a dedicated pursuit of knowledge across various sectors of law, particularly those intersecting with the business and entertainment industries. At the core of his professional journey is a commitment to understanding and navigating the complex legalities surrounding entertainment and media, ensuring he remains a pivotal figure in legal discussions related to these dynamic fields. His ongoing pursuit of an LL.M. in Taxation Law further exemplifies his dedication to broadening his legal acumen, underscoring his role as a key contributor to the legal community, especially in areas where law meets entertainment and technology.

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Launch of Deviant Legal: A Law Firm for the Video Game Industry in the Netherlands

Founded by René Otto, a seasoned lawyer with an impressive track record and a deep passion for video games, Deviant Legal emerges as the first full-service law firm in the Netherlands, dedicated exclusively to serving the legal needs of the video game, esports, and content creation sectors.

With its official launch on 10 April 2024, Deviant Legal introduces a new paradigm in legal services, characterized by accessibility, inclusivity, and a profound understanding of the video games industry. Otto’s vision for the firm stems from his belief in the necessity of legal services that are not only of high quality but also personalized to the nuances of the international games and esports ecosystem.

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Rene Otto - Deviant Legal

A Remote-First Approach

Perhaps the most distinctive feature of Deviant Legal is its remote-first structure. By embracing remote operations, the firm not only aligns itself with the global nature of the video game industry but also ensures that its services are more accessible and cost-effective for clients. This innovative approach enables Deviant Legal to connect seamlessly with clients and team members around the world, offering flexibility and scalability that traditional law firms struggle to match.

“With Deviant Legal, I believe the legal services provided can be better tailored to the international nature of the games and esports ecosystem. Because of our remote set-up, we are able to connect with clients and team members worldwide. Next to our core team, we work with a network of carefully selected remote (freelance) lawyers, which allows us to scale when needed. While we primarily focus on Dutch & European law first, we will be seriously researching international expansion opportunities.René Otto

Emphasizing Accessibility and Inclusion

Accessibility is at the core of Deviant Legal’s mission. Otto and his team are committed to making legal services approachable for everyone, regardless of their background or financial situation. This commitment extends beyond mere words, as Deviant Legal plans to roll out initiatives aimed at promoting legal access and reducing the intimidation factor often associated with seeking legal counsel.

The firm also places a high value on diversity and inclusion, fostering an environment where lawyers can be their authentic selves. This philosophy not only enriches the firm’s culture but also positions it as a desirable destination for talented legal professionals who may feel out of place in more traditional settings. René Otto states:

“One of the core values of Deviant Legal is accessibility and inclusion. I believe that everyone should have access to a lawyer. We will announce some initiatives to promote that relatively soon. Additionally, accessibility means that lawyers should be way more approachable than they are currently. As a result, we work with authentic lawyers which are ‘down-to-earth’ and who ‘come as they are’. This does not only provide value for clients, but also for the legal profession itself. On a daily basis, I meet lawyers who love their work as a lawyer, but do not feel at home at the culture of the legal profession. This is a shame as it leads to an ongoing and unneeded brain drain. By giving these lawyers who do not adhere to the norm a place to call home, I believe Deviant Legal will win the war on talent”.

A Firm to Watch

The unique approach and specialized focus of Deviant Legal have not gone unnoticed. The firm has been highlighted by the prestigious international ranking LEGAL 500 as a “firm to watch,” and its founder, René Otto, has been named a “Next Generation Partner.”

René Otto’s journey from Van Iersel Luchtman advocaten to establishing Deviant Legal showcases that there is need for a dedicated full service boutique servicing the video game industry. René Otto also holds roles as a board member of Breda Game City and an ambassador for Women in Games.

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Author

  • Leonid Shmatenko

    Leonid Shmatenko is part of Eversheds Sutherlands’ data protection and technology law team. He has vast experience in regulatory and general issues in the areas of eSports and Blockchain. He advises eSports associations and clubs on all legal issues, advises and supports crypto startups in all matters from planning, preparation to execution of private and public token offerings (so-called Initial Coin Offerings or ICOs). Furthermore, Leonid Shmatenko specializes in international arbitration and has participated in several arbitration proceedings (SAC, ICC, DIS, UNCITRAL, ICSID, ad hoc) as a party representative and secretary of the tribunal. Leonid Shmatenko studied at the Heinrich Heine University in Düsseldorf and is currently pursuing a PhD in international law. After his successful first state examination (2011), he completed his legal clerkship, inter alia, at the German Embassy in Lima and within international law firms in Düsseldorf and Paris. He passed the second state examination in 2015. He is an external lecturer at the National Law University of Ukraine “Yaroslav Mudryi”, where he teaches International Investment Law. He is admitted to the Bar in Switzerland and Germany. Before joining Eversheds Sutherland, Leonid Shmatenko worked as an attorney at leading law firms in Geneva, Munich and Paris.

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