The House of Commons Treasury Committee has recommended “treating retail investment in cryptocurrencies like gambling”, due to the high volatility of value changes of cryptoassets and potential for consumers to lose their entire investment. The recommendation forms part of the Committee’s report evaluating the “potential benefits of cryptoassets and their underlying technology value, and the risk of investment in cryptoassets”. …
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SoftSwiss underscores popularity of football, Bitcoin and mobile betting
Football is still the ‘King of betting’ according to SoftSwiss Sportsbook, although the platform provider also revealed that the most popular league for its users was a basketball tournament. Publishing its results for 2021, SoftSwiss Sportsbook revealed that 38.14% of bets on its platform were placed on football/soccer matches, with basketball following at 22.62%; tennis at 16.11%; ice hockey at …
Read More »UKGC issues public warning on unlicensed Sorare
The UK Gambling Commission (UKGC) has alerted the public that Blockchain-based fantasy football operator Sorare (Sorare.com) does not carry a UK gambling licence. The Commission warned players that “any activity completed on the site by consumers in Great Britain is outside of the gambling regulations that a licensed operator should comply with”. Launched in 2018, Sorare is an Ethereum blockchain …
Read More »Cloudbet makes stablecoin foray with USDT addition
Bitcoin sportsbook and casino Cloudbet has made its first foray into stablecoin betting after confirming the addition of USD Tether to its portfolio of available coins. After a month of testing with a small group of players, Cloudbet will now allow punters to deposit, withdraw and bet using the USDT coin. “We’ve accelerated our feature rollouts tremendously, thanks to the …
Read More »Sportsbet.io strengthens cryptocurrency capabilities with Litecoin integration
Multi-currency sportsbook Sportsbet.io, has added to its current offering of payment capabilities by integrating Litecoin into its platform. In addition to being able to pay using other cryptocurrencies such as Bitcoin, Ethereum, and SOC coin,customers will also now have the opportunity to deposit, play, win, and withdraw in Litecoin. Joe McCallum, Director of Sportsbook at Sportsbet.io, commented: “This is just …
Read More »BETR launches multi-cryptocurrency betting
Blockchain-technology focused BETR has adapted its decentralised betting system to give customers the opportunity to now place bets using multiple cryptocurrencies. As part of the new system changes, punters will have the option to decide which currency they wish to place a bet in. Wagers will then be stored in any one of the supported currencies, and can then mixed …
Read More »BETR smart contract upgrade features new affiliate program
Blockchain-based BETR has backed up the recent release of its sportsbook app – BETROdds – by launching a new version of its smart contract featuring BETR Affiliates. This new development, designed to encourage wider use of the BETR token, has made it possible to tag BETR wallets introduced by affiliates. It enables affiliate commissions to be paid instantly from the …
Read More »BetConstruct announces the launch of blockchain solution Fasttoken
BetConstruct has teased the launch of Fasttoken, the first all-in-one, fully decentralized and Ethereum based blockchain solution which provides “100% transparency, security and fairness to all involved parties – players, game providers, operators and affiliates”. Utilising Ethereum’s second layer scaling technologies, Fasttoken has been designed to minimise transactions costs, eliminate latency and lag inside a gaming session, and boost scalability …
Read More »Betting cryptocurrency records huge presale success
The eGold project dedicated to the global esports betting sector has successfully reached its presale hard cap of 500 eth giving a 20% bonus to the ICO members. The first stage of the ICO campaign collected around $500,000. 444,444 EGL (10% of the total amount of tokens for sale) were distributed at this stage following the company’s roadmap and vision …
Read More »Bill Healey – LetBet – Preparing for a new future
Blockchain-based online gambling platform LetBet is the latest company to tap into the hype surrounding cryptocurrency, as it takes the first steps to unveil its own digital currency, entitled LBT. The new currency has been touted as a solution to the delayed payout systems of traditional gambling sites, as well as a way to remove the third party element, and …
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