I don't understand, if you don't actually own team shares, you basically own nothing right ? So who is paying out the money and based on what ? That is the part that is unclear to me.
@eckmar
when people bet or invest, why do they do it? To win money, correct? Look at futures, people don't actually own the item, but they are betting on the underlying asset. This is the same thing our platform will do. There are several people who want this.
Who is paying out the money you ask; like anything stock, there is an ipo. Some of the funds from the ipo will go to each each teams divided pool. Afterwards trading can start on the platform. Individuals on the platform set the value. Each time a team is traded, a certain percentage goes to that team's divide pool. Also, let's say the Yankees beat the Cubs; a certain percentage of the Cubs dividend pool goes to the Yankees dividend pool and then some of that gets paid to the Yankees shareholders. This will bring more people watching games and feel like they own and benefit when their favorite team win.