Could Regulated Chess Betting Boost the Game's Popularity?

The chess world has seen a resurgence in popularity due to Netflix's hit series 'The Queen's Gambit' and increased accessibility of online chess during 2020-22. Top players and organizers of elite tournaments are considering regulated betting on chess in the United States to continue the momentum and attract more sponsorship. However, the chess community is aware of the potential for abuse and has concerns about fairness and transparency in the betting process.

Rex Sinquefield, founder of the St. Louis Chess Club, believes that chess betting attracts people to sports. But Grandmaster Sam Sevian of New York warns that betting on chess is riskier compared to team sports because players could bet on themselves or their opponents. Sportsbooks can take precautions against certain players and protect minors by passing on games involving elite grandmasters under 18.

While the debate over chess betting continues, it is clear that the game is currently enjoying a period of renewed popularity and the chess community is eager to find ways to continue to promote and grow the game. Regulated betting on chess is a future possibility, but the industry will have to find a way to balance the potential benefits with the need for caution.