 It is said that you can gamble on anything in Vegas. Real bets have actually been placed on who will rule the Seven Kingdoms in the Game of Thrones finale, whether Donald Trump will survive his presidency, or even on what day the world will end, which means if you're right, you'd have to come up with some pretty creative ways to spend a lot of money in a very little time. The consummate entrepreneur, Rahul Sude is a man who understands the human tendency to risk sometimes everything on slim odds. Rahul is the founder of Unicorn, a company on the bleeding edge of a new gambling world. Even though a U.S.-based company, Unicorn can't do business in America because online gambling is illegal. But here's the surprise. You can walk into any casino and bet in person on the same games. Nines. Goldfish. I'm Andrew Heaton, and this is Fee's Mind Your Business. You had an early interest in computers. What did you study in college? Where'd you go? The reality is I started a company while I was in high school. The company was a voodoo PC, started going to a college in Calgary called Mount Royal College, and I had to quit after six months. I mean, definitely not me. It wasn't challenging. It wasn't interesting. And my company just took off. Like, six months in, things just went nutty. You dropped out of college to pursue this company. And you started the company when you were in high school? Yeah. I mean, when I was in high school, I was playing Dungeons and Dragons and trying to work up the nerve to talk to women. So I had no entrepreneurial zeal that you apparently had. Where did that come from? Is that always in you? I probably got it from my dad, who was also a bit of a high flyer, you could say. He came to the country with nothing. He used to sell butter, door-to-door, you know. He was a door-to-door butter salesman? Door-to-door butter salesman. I learned a lot from his entrepreneurial experiences. How did unicorn come about? What is unicorn? Now, I'm assuming you know what esports is before I go on. Press the pause button. Gone are the days where your parents can tell you you're wasting your life playing video games because esports. Esports is the general term used to describe organized, competitive video gaming ranging from first-person shooters to strategy and card-based games. Considered to have begun in the late 90s, the 2000s saw the explosion of games that would define the esports world for years to come, like StarCraft, Halo, Street Fighter, League of Legends, and Call of Duty. The sheer popularity of these games paved the way for companies to organize tournaments for players and teams. These were viewed by millions through online streams. Teams then attracted sponsors. Sponsors created advertising, and that led to a big old pile of money. Big-name investors like Mark Cuban, Chiquillo Neal, A-Rod, Steve Aoki, and Ashton Kutcher are among just a few who have seen the glittery golden opportunity in an industry projected to make a billion dollars by 2020. Back to Rahul. We create really great content around esports. So we do video content and written content on esports, sort of like ESPN. We also create match data and odds on all the major esport matches in the world. So I could look at a forthcoming StarCraft 2 game and see that Iceland is two-to-one in favor over Germany or something like that? Correct. So we create all the odds on all the major matches around the world. We have the most comprehensive sports book in the world on esports. We actually participate in the ownership of a team, one of the hottest teams in the world for CSGO, probably the most popular in Germany called VIG. We have our own tournament platform, so we run tournaments online. We also run tournaments inside the MGM Grand, for example, on esports. And then at the center of all of this is the Unicoin. We created it to give people in Korea or China or other markets around the world, even the US, access to our platform who weren't able to bet. This is just fun money. It's just fun money. You can earn the tokens by connecting your gaming account to our platform, and you can bet with them and you sort of level up basically, right? Presently, I can't go on a computer and bet on any type of sport, but I can physically walk into a casino? Correct. But what is the logic there? Look, the logic is, you know, I don't want to ruffle any feathers, but I would say, you know, in Europe and in Australia, betting is a part of culture. In the United States, for whatever reason, online betting was vilified, and but betting in a casino is completely fine. Right. Well, that's perfect. Nothing seedy about that as opposed to staying in your home in Milwaukee. That's just a decent sense. I feel like there's a lot of protectionism going on in lobbying that made that happen. The average age of a Major League Baseball fan is 55 years old. The average age of a PGA Tour fan is 70 years old. So every day, a PGA Tour fan and a Major League Baseball fan die, and two or four eSports fans are born. eSports is getting bigger and bigger and bigger in both directions, you know? This is great news for my eventual scrawny children. They will have a niche to go in that does not require a large muscle mass to accept. In online gambling, for eSports or for poker or anything like that, what's to stop a 15-year-old kid from taking their parents' credit card and buying $20,000 worth of chips? We have probably one of the most robust systems in place, back-end systems, to do a full verification of the customer. So you're like sending an ID. Yeah, you're sending an ID. We're verifying it. We're calling you. You know, you're matching the credit card up. We're verifying the credit card. All of that has to get done before you can actually be allowed to bet on the platform. Can you show me how to play an eSport? Absolutely. Let's go do it. All right, let's go. Okay. Go, Joe. Yes, sir. Thank you. All right, so this is Rocket League. And you play soccer with the cars. Okay. And you're orange and I'm blue. And basically, you try and get in the other guys' names. Do I have a goalie? You don't have a goalie, no. But right now, we're playing two-on-two and we got bots on our team. When we first started Unicorn, everybody in the company played this game. It was annoying because they were all good at it and I was the worst. What are you most proficient at? I'm more proficient in League of Legends. I play a lot of that game, yeah. That's a complex game. Whereas I think I'm probably best at GoldenEye, so I'm tapped out in terms of my technology. You know, we used to go outside and play, right? Like, when we were young, we used to go outside and play with our friends. Yeah, I remember that. And now, like, you know, my wife and even some of our friends talk about how their kids don't seem to have any friends, you know, because they're always on their computer. And I tell them, like, you should actually go spend time with them in their world and see. They probably have more friends than we ever did. And, like, you can't go outside and play with a kid from Portugal, you know, because you're here in the U.S. So, and you just won. I won? Yes, you did. I thought I was orange. I am orange. Oh, that explains a lot. All right, Rahul, thank you for showing me how to play Rocket League. Yeah. I am better prepared for my eventual life of... Professional gaming. Having that or driving a rocket car. If I decide to embark on a quest of beating you at League of Legends, like I wake up at six every day, do pull-ups while looking at a picture of you and then eating egg yolk and all that stuff, how do I use Unicoin to gamble on me beating you? I would give it time before you bet on these games, given that, you know, people who do it pretty confident that they're going to win. You know, let's say you get really good at this game and you want to do it. There's an app that you can download from us where you can actually, you know, place bets on yourself. You'll see the Unicoin Gold version of it coming later this year. So this has opened my eyes to a whole industry that I did not know existed and is flourishing and growing. What do you see happening in the future of esports? You know, I think traditional sports are going to become less relevant. Esports will continue to grow and become more relevant and more in your face and more mainstream than it is now. You know, the future of this, I think, is when you combine, you know, virtual reality, augmented reality with the physical world and video games. And imagine a day where you're playing real life Call of Duty. I think we'll see, you know, more universities offering scholarships in the space. I really think esports is going to take over. And I think Unicoin is going to be at the forefront of it. You know, our brand, our company, you know, everything about us is going to be synonymous with esports. And, you know, I want everybody around the world who thinks about esports to think about Unicoin. Okay, I drank eight Red Bulls and I've been playing League of Legends, but I've been thinking about some things, too. Should esports be regulated differently than sports? Should the government or parents take responsibility for monitoring the behavior of children? Should consenting adults be able to gamble on whatever they want? And when it comes to addictive behavior, what should the role of government oversight be and where do we draw the line? If you'll excuse me, I'm going to go fight the baron. I don't know why I'm getting involved in other countries' feudal structure, but whatever, I'm going to kill him and take his cape.