People are so clueless its mind boggling. It doesn't even matter if this team is legit or not (i.e. doesn't run off with money), unless they are raising money on at most a $100k valuation (key word is valuation, not raising $100K) this is a rip off. P2P sports/esports betting is inherently flawed because of the P2P structure (its much less efficient for racking up volume compared to a traditional sportsbook... and you make your money from volume).