The ‘father’ of fantasy sports league management has teamed up with the
renowned American economist and "The End of Money" author to create what
could become the hottest and largest addition of the multi-billion
dollar Daily Fantasy Sports industry.Fantasy Commodities™ games involve
forecasting changes in relative prices among commodities — including
base metals such as aluminum and copper; precious metals such as gold,
silver and platinum; energy products such as crude oil, gasoline, and
natural gas; and agricultural products such as wheat, corn, coffee, pork
bellies, etc.It should be a lot of fun and quite profitable for those
who become skilled players from all over the world and can remain under a
salary cap while earning points based on the actual performances of the
commodities in their real-world daily trading.The games founders are
considering possible partnerships with New York-based FanDuel, and the
Boston-based DraftKings in order to expedite the launch of their
patent-pending Fantasy Commodities™ contest to the millions of
millennials and other looking to test their daily "draft" skills outside
sports.Patrick Hughes is known as the father of modern fantasy sports
for co-creating Miller Franchise Football, which featured a beer
distributor sell-in video hosted by the legendary John Madden. He then
co-created Fox Fantasy Football, which led to the creation and licensing
of several of the leading league management fantasy sports sites
featured on ESPN, CBS Sports, Yahoo!, USA Today and others. Hughes
eventually sold his business to a unit of News Corporation and his games
have been displayed by the Pro Football Hall of Fame in Canton, Ohio,
and in Super Bowl cities.Richard Rahn is a former Chief Economist of the
U.S. Chamber of Commerce, former board member of the Cayman Islands
Monetary Authority, and a member of the team that years ago developed
the first successful petroleum futures contract for the New York
Mercantile Exchange and wrote "The End of Money and the Struggle for
Financial Privacy. "Also on the www.fantasycommodities.com
team is international trade attorney and "Barter in the World Economy"
author, Bart Fisher.Fantasy sports is a multi-billion-dollar industry
that has run into some headwinds because of COVID-19 shutdowns and the
limited number of suitable sports, and countries with enough teams and
leagues to support fantasy sports betting. Despite the difficulties, the
big dogs such as FanDuel and DraftKings see a bright future, which is
the reason that Yahoo! and now Facebook have indicated they may enter
the field of Daily Fantasy Sports.Fantasy Commodities™ games will
require only low entry fees, limiting the risk relative to current
commodities futures trading and stock trading. There are at least a
couple of dozen globally traded commodities with a "one-world-price,"
which have sufficient liquidity to make the creation of a large variety
of these games viable and should broaden the player market to more than
180 countries.
News Update
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