ABSTRACT FROM THE CORNERSTONE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE JUNE 2014 EDITION.
Fantasy sports is big business. A fanatic fan base and highly desirable demographic has turned it into a $3 billion industry in just the U.S. and Canada, growing over 12% annually. The fantasy sports phenomenon caught fire with the advent of the internet. Fantasy sports as we know it was invented in 1980 by Daniel Okrent, a sportswriter, who created the first fantasy baseball league with some of his sportswriter friends. Yet, fantasy sports grew slowly because the league’s commissioner (the one who runs and oversees the league, like a real professional sports league commissioner) had to manually calculate all the stats, scores and standings for all the teams in the fantasy league.
Matthew Fortnow is one of the founders of Commissioner.com, the internet’s first and premier fantasy sports service which is currently operated by CBSsports.com. He is presently developing a new type of fantasy sports game which will be even more fun, addictive and educational.