Provider of esports wagering experiences EBET announced today the appointment of Jon Najarian as an Advisor to the business.
‘Drive the Business into a New Era’
The appointment of Najarian in an advisory capacity at Nasdaq-listed EBET will bring decades of experience in the securities and futures markets, as well as clout from his role as a regular contributor on CNBC Business TV and his sporting career for the Chicago Bears.
“EBET is an exciting company with a solid strategy, field-tested products in the wagering space and a management team that can drive the business into a new era,” said Najarian, outlining EBET’s “geographic reach, expansion plans and customer base” as the necessary prerequisites for the business to “carve out a leadership position within the industry.”
‘I am thrilled to be joining and contributing my experience to accelerate the growth of EBET, helping it realize its enormous potential,” Najarian concluded.
Najarian, who has a 25-year career as a floor trader on the Chicago Board Options Exchange and is a member of the New York Stock Exchange (NYSE), Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT), is also the co-founder of MarketRebellion.com, spearheading the firm’s initiatives to provide education on trading with options and other securities.
Najarian was also the co-founder of another securities trading business, TradeMonster, a highly rated online brokerage company that was sold to E*TRADE Financial Corp. for $750 million in 2016.
His other achievements include the development of the Heat Seeker algorithm that identifies unusual options trading activity.
Strategic Insight into the Business
For the company formerly known as Esports Technologies until it rebranded to EBET in May to better reflect its vision for the future, chief executive officer Aaron Speach was “delighted to welcome Jon Najarian as an Advisor.”
“His vast experience will undoubtedly provide EBET with strategic insight that will help shape the direction and further success of the company,” added Speach.
Najarian continues to be an active investor and market analyst and has delivered keynote addresses for the NYSE, Euromoney and Institutional Investor.
As for EBET, the business recently announced it would be downsizing over half of its workers and contractors seeking to meet its profitability goals.