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Last spring,Vulcun raised $12 millionto build a product for a small but growing aspect of online gaming called fantasy e-sports.It allows players to bet on competitions for video games likeLeague of LegendsandDota 2in a manner similar to sites like DraftKings and FanDuel, which let players bet on traditional sports. ButDraftKings and FanDuel have now been accused of operating illegally, threatening their continued existence, and Vulcun may have have been caught in the fallout. The company today laid off 14 people from 55-member staff, or about 25 percent.
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![ENC x adidas [Industry news] Esports Foundation and adidas Announce Landmark Partnership to Outfit Every Team at the Inaugural Esports Nations Cup](https://mcvuk.com/wp-content/uploads/ENC-x-adidas-310x165.jpeg)
[Industry news] Esports Foundation and adidas Announce Landmark Partnership to Outfit Every Team at the Inaugural Esports Nations Cup
The Esports Foundation (EF) and adidas made sports history today, announcing a landmark partnership that will see the sportswear company outfit every national team at the inaugural Esports Nations Cup (ENC), the first nation-based esports event of its scale, set to debut November 2, 2026 in Riyadh, Saudi Arabia. The partnership directly supports the ongoing convergence of esports, culture, entertainment and sports, creating a defining moment for the esports industry and the global sport landscape.