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Bloomberg· 2025-10-03 13:32
Universities are under pressure to find new ways to raise revenue, after a landmark federal settlement over athletes’ name, image and likeness. Bloomberg's @JanetLorin explains https://t.co/6SM4ZSF9fQ https://t.co/72oFhz6Xt4 ...
Brag House and Gators Athletics Score Big Again with Successful "Brag Gators Gauntlet: Preseason Edition"
GlobeNewswire News Room· 2025-07-30 12:30
Core Insights - Brag House Holdings, Inc. successfully concluded the "Brag Gators Gauntlet: Preseason Edition," enhancing engagement among Gen Z in gaming and college sports [1][4] - The event featured a tournament based on EA College Football 26, showcasing Gators student athletes and promoting community interaction [2][3] - The series will continue with a "Football Edition" in the fall, integrating Name, Image, and Likeness (NIL) opportunities with digital engagement [6][7] Event Highlights - The tournament took place virtually on July 19, 2025, and included participation from notable Gators athletes discussing their experiences [2][3] - Participants competed for scholarships and cash prizes, with the champion receiving $1,000 and additional prizes for second and third places [4] - A Charity Match was held, resulting in a $500 donation to the B. Lou Foundation, showcasing the positive impact of the gaming community [5] Strategic Focus - Brag House aims to redefine fan engagement by merging college sports with gaming, creating new opportunities for students and universities [7] - The company emphasizes building authentic, gamified experiences that connect fans, students, and university athletics [4][6] - Learfield, a partner in the event, enhances college athletics through its extensive media and technology platforms, driving revenue and fan engagement [8][9]
Former players seek settlement for back pay as colleges start to pay student athletes
NBC News· 2025-07-01 01:00
Legal Challenge & Settlement Overview - A lawsuit challenges the NCAA settlement, which allows direct payments to athletes for NIL (Name, Image, Likeness) use, estimating $20 million in revenue sharing annually [2] - The settlement includes $2.8 billion in back pay for approximately 400,000 former athletes, which is a point of contention in the lawsuit [3] - The judge overseeing the case acknowledged Title IX related arguments but allowed the settlement to proceed as an antitrust case, leaving the door open for future Title IX challenges [11][12] Title IX & Gender Equality Concerns - Plaintiffs argue the revenue distribution underestimates the value female athletes bring to universities and violates Title IX, the federal law barring sex-based discrimination on college campuses [2][4] - Women's basketball, the top-listed women's sport, receives 1.1% of the revenue pie, significantly less than men's football and basketball, which receive over 90% combined [4] - One plaintiff was estimated to receive around $400 in back pay, highlighting the disparity [5] - Female athletes feel they are settling for "scraps" and deserve more, seeking a bigger seat at the table [7] Proposed Funding Formula - Plaintiffs propose a specific formula for broadcast compensation and athlete service compensation, allocating funds based on the ratio of men to women in the athlete pool each year [9][10] - For example, if men comprise 60% of the athlete pool, they would receive 60% of the designated funding, with women receiving the remaining 40% [10] NCAA's Perspective - The NCAA considers the settlement a "massive win" for student-athletes, enabling schools to provide direct financial benefits totaling nearly 50% of athletics department revenue [6]
Brag House Launches Revenue-Generating NIL Platform to Monetize Gen Z Athlete Engagement Across 200+ College Campuses
Globenewswire· 2025-06-17 12:30
Core Insights - Brag House Holdings, Inc. is launching a secure digital asset platform as part of its Name, Image, and Likeness (NIL) initiative to enhance monetization strategies and engage Gen Z [1][2] - The NIL market is projected to grow to $1.5 billion by 2027, with 95% of NCAA athletes currently receiving little to no NIL compensation, indicating a significant opportunity for the company [3][4] Company Strategy - The initiative leverages Brag House's partnership with Learfield across 200+ NCAA campuses, allowing student-athletes to monetize digital assets like highlight reels and authenticated collectibles [2][4] - The platform aims to create a scalable revenue model by retaining transaction fees and recurring royalties from secondary marketplace activities [2][3] Technological Implementation - Athletes will use a no-code interface to mint and sell digital assets directly to fans, with automated smart contract systems facilitating transactions [4][6] - The company is exploring next-gen digital platforms that offer low fees and reliable verification systems to enhance user experience [4] Market Positioning - The NIL initiative aligns with Brag House's strategic roadmap, which includes building a Gen Z community, scaling B2B solutions, monetizing engagement, and activating proprietary data [5] - The company emphasizes that this initiative is about capturing value rather than chasing trends, leveraging its existing engagement with Gen Z [5] Future Plans - Initial NIL activations are expected to launch on select campuses in late 2025, with full platform capabilities anticipated to go live in early 2026 [6]