I'm assuming you are talking about FANS unite?
The company is one of two leaders in the eSports/Sports betting industry (along with LUCK). While eSports betting is expected to see considerable growth over the next few years, we are still in very early stages here. These companies are trading at pretty high valuations considering they haven't even booked a million in revenue yet and only recently started actually generating revenue.
All these eBetting companies are starting to get noticed and their prices are being bid up. FANS doesn't have a malta or UK license yet, which will hold it back as these are the two prominent licenses. I believe they are in the works however but take years to acquire. UK takes 3-5 yrs, while Malta takes 1-2 years. Not sure where in the process they are at.
I think there is potential in this area - but they are being bid up on a promise of potential. This is always risky as if that potential doesn't materialize, then their stocks tend to crash. We've seen this time and time again. Some will ultimately be successful, but we are early stages in the industry. Be prepared for considerable volatility and risk.
Mat
(of note, i took a speculative position in LUCK last week )