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Sports Betting, Competitive Entertainment, and "The Metaverse"

The Metaverse is a hypothesized digital shared space in which everyone on Earth can seamlessly interact and engage in a fully immersive, simulated experience. Often conceived as a successor to Virtual Reality (VR), the term "Metaverse" was initially coined in Neal Stephenson's 1992 science fiction novel, Snow Crash, in which humans interact with each other (as well as software agents) via avatars rendered in three-dimensional virtual space. Other works, such as Ready Player One and The Matrix, have attracted further awareness of the general concept of a simulated environment built on top of the physical world.