LOS ANGELES, Jan. 14, 2015 /PRNewswire/ -- AllSportsMarket (ASM), the World's First Sports Stock Market, traded 1,009,273 shares in the first 15 weeks of public market operation across the NFL, NHL and NBA sports team trading markets. This represents a total trading volume of $11,129,438.24. The value of the entire market now stands at $22,743,150 with $1,777,352.06 in dividend reserves available to sports traders.
Over the past several weeks, NBA Commissioner Adam Silver and Dallas Mavericks owner, Mark Cuban have come out publicly in support of legalized sports gambling. A few days ago, former NBA Commissioner David Stern joined the chorus on CNBC's Squawk Box: "I think I agree with Adam. Once daily fantasy became an acceptable exception to the law against gambling, I think that's gambling, so now I think the best approach would be, as Adam Silver has advocated, is for there to be federal regulation. Bring the sports leagues in. If it's going to happen, because it has happened anyway by Justice Department rulings and the like, you should make it legal and you should regulate it as tightly as you possibly can."
NHL Legend Bernie Nicholls says: "David Stern, Adam Silver and Mark Cuban should see this... what we have in the works here is something that can be looked at as both a safe alternative to gambling and a revenue stream for the leagues. If this isn't a win-win for everyone, including the fans, then I don't know what is."
AllSportsMarket (ASM) is operated by The New Sports Economy Institute, a 501(c)(3) nonprofit organization established to teach finance through sports. Bernie Nicholls is ASM's spokesman and sports industry liaison. Bernie was an explosive scorer who accumulated over 1,200 career points while playing for six NHL teams. Recently, Bernie helped coach the L.A. Kings to their first Stanley Cup ever in their 48 year history. For more information and to enter the 2015 AllSportsMarket Web App Super Bowl Challenge for FREE!, visit: http://www.ASMFree.com and click the orange Web App icon beneath the Apple download button.