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Rainmaker presents the World’s first-ever Cryptocurrency Fantasy Gaming Platform

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Revolutionizes the Crypto experience through gamification backed by live events that shape Cryptocurrency exchanges in real-time

Last year, India emerged as the World’s second largest Cryptocurrency market by adoption. With the aim to revolutionize the whole experience, Rainmaker, the World’s first Cryptocurrency fantasy gaming platform was launched today, to offer India’s crypto enthusiasts and crypto curious a whole new and unique trading experience.

Rainmaker is based on the core vision of democratising knowledge for individuals interested in learning the nuances of this investment avenue in a fun way. It offers a near-real experience by gamifying trades and inviting players to learn analytical skills in crypto portfolio management. The platform also offers a similar experience in stock trading, replicating that of actual Stock Exchanges in India. Rainmaker is now available on iTunes and Google Play Store.  

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Connected to an actual Global Cryptocurrency exchange, Rainmaker’s exchange uses data and references from live events taking place the World over. Players can safely make life like trades in a fantasy gaming environment. They can pick from over 20 different types of paid as well as free contest formats available on the platform. It provides the flexibility to exit when they choose, allowing them full in-game control to stop loss/ profit booking.

Shedding more light on the thought behind this pioneering idea, Harsh Himmatsingka, Founder & CEO, Rainmaker said, “While India’s love for cryptocurrency trading has outdone that of even the US and China, the knowledge around how to maximize one’s investment in crypto trading is still limited. With Rainmaker, it is not only the crypto literate that we hope to attract, but also those who are unsure but crypto curious, that we hope to arm with the knowledge needed to confidently become an actual crypto trader.”

He went on to add, “Even in stock trading, India is witnessing greater participation from a wider pool of individuals with young professionals rapidly joining the fray. Many of these are coming from tier II and III towns which is encouraging and a strong indicator of a growing investment and earnings mindset. With Rainmaker, we hope to further fuel this trajectory. And for the numerous gaming enthusiasts who are simply looking for high-octane fun, Rainmaker offers the right mix of adrenalin and know-how to create a fulfilling experience.”  

Rainmaker is the flagship product of First Stock Contest Limited which is a tech startup established in 2021 in the Real Money Gaming (RMG) space. First Stock Contest Limited aims to build products that redefine the RMG sector with its industry best in design and technology, and by creating gamification-focused learning avenues for sustainably building wealth. 

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Uzbekistan Legalises Online Betting and Lotteries

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President of Uzbekistan Shavkat Mirziyoyev has signed a decree on April 19 titled “On Measures to Improve the Regulation of the Organization and Conduct of Lotteries and Risk-Based Games in the Republic of Uzbekistan”. The document abolishes the ban starting from January 1, 2025, and introduces a legal framework for the organisation of risk-based games online and betting activities.

The issue of legalising betting activities has been a long-standing topic in Uzbekistan. In December 2019, the president signed a decree to legalise bookmakers, but this decision was revised in April 2022. In April 2023, the head of state instructed the development of a regulatory framework for betting activities.

The National Agency for Advanced Projects (NAAP), the authorised state body for regulating and licensing activities in this sector, provided insights on the necessity of introducing state regulation in the gambling sector in Uzbekistan. The agency emphasised the need to prevent illegal gambling businesses, protect players’ rights and generate additional income for the state budget.

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The president’s decree aims to introduce advanced foreign experience and modern technologies in regulating the organisation of risk-based games and lotteries to increase investment attractiveness, tourist potential and attract additional funds to the country.

The measures outlined in the decree include the creation of legal foundations for the legalisation of activities related to risk-based games online, betting activities, and lotteries, implementation of mechanisms to protect citizens’ rights and interests, prevention of gambling addiction and the generation of additional state budget revenue.

Starting from January 1, 2025, a taxation system will be introduced for license holders, where organisers of online games, betting activities and lotteries will pay a turnover tax. This system aims to prevent the concealment of taxable revenue and is expected to generate additional tax revenues for the state budget.

Overall, the implementation of the decree is intended to establish a reliable foundation for the legal regulation of activities related to organising risk-based games online, betting activities and lotteries in Uzbekistan, protect citizens’ interests, combat gambling addiction and provide additional sources of income for the state budget.

The post Uzbekistan Legalises Online Betting and Lotteries appeared first on European Gaming Industry News.

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Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET

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Award-winning iGaming supplier in regulated markets Delasport has just signed a sports deal with Philippines’s number 1 operator OKBET.

The leading software developer will provide sports-services to their new partner, enhancing the experience of sports bettors in the Philippines even further.

“We’re proud to supply our services to such a strong partner as OKBET, and to an exciting and steadily growing market as the Philippines”, Delasport’s CEO Oren Cohen Shwartz comments on the agreement.

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Regulated Philippines is marking a stable 5% year-to-year growth with the number of users expected to reach almost 6 million by 2029.

This is yet another deal for Delasport, with the global supplier’s expansion in regulated markets happening at full force.

Same goes for OKBET who have been holding the number one operator spot in iGaming in the Philippines for a long time now.

“I’m excited that OKBET and Delasports are joining forces to redefine the landscape of online sports gaming in the Philippines”, OKBET’s COO Wayne Thong also comments on the deal. “This partnership combines OKBET’s local market expertise with Delasports’ global industry leadership, creating new opportunities for innovation and customer satisfaction. OKBET and Delasports share a common vision for the future: a vibrant and dynamic platform that caters to the diverse interests of sports enthusiasts. By combining cutting-edge technology with a deep understanding of user preferences, this collaboration aims to set new standards for the industry.”

The post Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET appeared first on European Gaming Industry News.

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Indonesia Establishes Task Force to Combat Online Gambling

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Indonesia’s Ministry of Communications and Information Technology (Kominfo) has revealed plans to establish a task force to combat online gambling.

In a statement, Kominfo said the task force would comprise representatives of multiple government agencies including the Financial Services Authority (OJK), Financial Transaction Reports and Analysis Centre (PPATK) and the police.

It will also work with Interpol to combat cross-border cases given the government’s lack of past success in blocking foreign operators.

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“Kominfo will oversee the digital space, OJK will manage accounts and PPATK will handle fund flows, and the police will carry out arrest and investigation duties,” said Usman Kansong, the Ministry’s Information and Public Communications Director.

Minister Budi Arie said: “The Ministry has also issued a warning to all social media platforms, cellular operators and internet service providers not to facilitate any form of online gambling promotion. We have done everything within the authority of Kominfo.

“We from the Ministry of Communication and Information are fully determined. At the beginning of the week I gathered all our teams at Kominfo to work together to eradicate online gambling.”

The post Indonesia Establishes Task Force to Combat Online Gambling appeared first on European Gaming Industry News.

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