Nevada Sports Investment Group

NSIG was the first entity to place a wager under the statute, on March 31, 2016. The fund was led by Kenneth E. Murphy Jr. and was covered repeatedly in the sporting press, including a Sports Illustrated article and an ESPN Radio interview.

The fund described itself as data driven, selecting positions using computer modelling and statistical analysis. A minimum investment of 25,000 was required to join, but the fund carried no lock-up period, so a position could be withdrawn at will. Its published cadence averaged around sixty plays a month, which placed it at the more active end of the vetted group.

The record page as published named the fund as closed to new investors, and the valuation line above is the last one it stated.

The entity published its own site at sportsentitywagering.com and its registration could be looked up through the Nevada Secretary of State entity search. Both are recorded here as sources only.