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KUDOS LABS BUILDING A PLATFORM THAT WILL REWARD THE GAMING COMMUNITY IN WAYS NEVER SEEN BEFORE

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Kudos Labs announced plans of building a new groundbreaking community focused gaming and technology rewards platform. Created for gamers, by gamers, its mission is to allow everyone in the community, regardless of platform or genre, to connect and receive rewards. Points can be earned through shopping, playing games, watching content or simply being part of the Kudos Labs community, and then exchanged for highly desired rewards as a gamer..

Aiming to disrupt the existing siloed gaming ecosystem, the new rewards platform will adopt a community first approach. Rewards will be carefully curated to deliver real value to gamers, including things like V-Bucks for Fortnite or CS:GO skins, exclusives, new headsets, a fully customized PC, early access to certain games or money can’t buy experiences – such as the recent LEC community demo party which took place in Malmö in September with some of the biggest names in League of Legend. Kudos Labs wants to make everything you dream of as a gamer come true.

Wasae Imran (Co-Founder and Co-CEO) will be presenting at the Startup Studio at Slush 2022, the world’s leading startup event, on November 17, 2022. Fidan will be showcasing more of the platform to business leaders, investors and 4,600 other startup founders.

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Kudos Labs has already secured partnerships with high profile organizations within the tech, ecommerce and gaming industries, giving gamers the chance to earn points through shopping from the likes of: HBO Max, Philips, Lenovo, Lacoste, Nike, Wolt, gaming marketplaces Eneba, Samsung and GOG. With over hundreds of brands that users can earn rewards on and over hundreds of rewards to claim, Kudos Labs is a universal gaming rewards platform for everyone in the community.

The platform was founded by tech and gaming industry leaders Fidan Gutaj (Former Head of Sales Video Network at ESL and co-founder of Charge.gg), Wasae Imran (Former Global Head at ESL and co-founder of Five Vectors) and Pedro Oliveira (Creator of the Baron Bot – the biggest League of Legends tool on Discord, and Former Lead Engineer at DojoMadness). They have already been joined by other industry experts from Dreamhack, Green Man Gaming and others on their journey. As well as a wealth of diverse expertise spanning publishers to top-tier esports leagues to Discord, those at the helm of the company also bring a great deal of passion and first-hand experience, having been gamers their entire lives and avid nerds on collecting points from several non-gaming reward programs.

Wasae Imran, Co-Founder and Co-CEO at Kudos Labs says: “ We believe that the time, engagement and purchases gamers do should be valued and rewarded accordingly. We have made it our mission to connect the multitude of disparate platforms, technologies, games and in-game currencies with our exclusive reward recipe. That’s our goal; to make gaming an even more exciting and rewarding space, for all stakeholders involved, from users to partners.”

Kudos Labs has raised €4 million from a variety of investors for the platform – including firstminute capital, Icebreaker Ventures, J12 Ventures, with angel investments from Former Ventures Director at Visa Mark Pettit, a senior executive from PayPal Ventures, VP at ESL & 4 Media Network Founder Issam El Ghouzafi and League-M Group.

Sam Endacott, Partner at firstminute capital says: “Kudos is on a mission to create the infrastructure at the intersection of gaming, ecom and fintech, leveraging built-in shopping, gamification and a unique reward store directly integrated into where gamers hangout, such as Discord and Twitch. We believe that now is the right time to create a layer for this ecosystem given the momentum in gaming, and the rise of influencers in the space. We are excited to play a part in their journey to change the gaming world, elevate the community and connect different industries together in a new way.”

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10-15% Of Gamers In Florida Show Signs Of Gaming Addiction: Here Are 10 Signs Your Kid Is Suffering From It (And How You Can Help)

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Recent studies indicate that 10-15% of young gamers in Florida exhibit signs of gaming addiction. These findings underscore the need for early identification of symptoms to prevent negative impacts on children’s mental and physical health. Gaming addiction, if not dealt with, can lead to poor academic performance, social withdrawal, and even health problems.

Marin Cristian-Ovidiu, CEO of FreezeNova, discusses key indicators of gaming addiction and offers practical advice for parents.

Recognizing Early Signs

“Early recognition of gaming addiction is crucial in preventing long-term negative outcomes,” Marin explains. The following signs can help parents identify if their child might be developing an addiction:

Exhaustion and Irritability

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Constant tiredness and grumpiness during the day could indicate late-night gaming sessions interfering with sleep.

Gaming Obsession 

If gaming dominates your child’s thoughts and conversations, and they plan their day around it while neglecting other responsibilities, it could be a sign of addiction.

Decline in Academic Performance and Lost Interests

A noticeable decline in academic performance or loss of interest in previously enjoyed activities may suggest your child is prioritizing gaming over more important tasks.

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Emotional Volatility

Extreme emotional reactions to in-game outcomes, such as uncontrolled anger, known as ‘Gamer Rage’, or intense celebrations, could indicate an unhealthy attachment to gaming.

Physical Strain

Signs of repetitive strain injuries like ‘Gamer’s Thumb’ or ‘Nintendo Neck’ from prolonged screen time are warning signals.

Neglecting Basic Needs 

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If your child is neglecting basic needs like eating, sleeping, or hygiene to keep playing, gaming has likely taken an unhealthy control over their life.

Creating a Supportive Environment

While video games can be a great source of entertainment and connection, around 70% of people with signs of gaming addiction also experience social disorders. Marin recommends a few tips for building a supportive and open environment for your child.

Teamwork and Setting Boundaries

“Parents and children should work together to create a healthy gaming environment. Gaming addiction requires a holistic approach,” Marin advises. Start by setting clear boundaries on gaming time to ensure there’s room for schoolwork, chores, and quality family time.

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Revisit activities your child once loved, like football practice or exploring new hobbies together. It’s vital for your child to take breaks from screens, so create a balanced daily routine that includes homework, chores, exercise and just some gaming time. This allows your child to enjoy their games without neglecting other aspects of their life.

Open Communication

Maintain open communication. Discuss the games your child enjoys and any concerns you might have. By understanding their world, you can work together to find solutions.

Remember, you’re not alone. If you feel overwhelmed, seek professional help from specialists in gaming addiction. Marin concludes, “By working as a team, setting clear boundaries, and fostering open communication, we can help your child develop a healthy relationship with gaming and thrive in all areas of life.”

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Compliance Updates

SYNOT Games Officially Certifies Over 140 Games in Brazil

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SYNOT Games has announced that more than 140 of its games have now been officially certified in Brazil.

“We are delighted to announce that more than 140 of our games have now been officially certified in Brazil. This significant achievement allows us to expand our reach and introduce a diverse selection of games to this dynamic market. Brazil represents a key opportunity for growth, and we are committed to delivering exceptional gaming experiences to the Brazilian audience,” the Company said.

“We are thrilled to introduce our portfolio in Brazil, offering innovative and engaging gameplay that promises to captivate and entertain players,” Martina Krajci, CCO at SYNOT Games, said.

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SPGA Introduces Code of Conduct to Highlight Member Commitment to Compliance and Safety in Social and Promotional Gaming

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The Social and Promotional Gaming Association (SPGA), an organization dedicated to providing stakeholder education and advocating for the responsible operation of social games offering promotional sweepstakes prizes, today announced the implementation of a Code of Conduct for its operator members.

The Code of Conduct is designed to spotlight the processes and technologies already in place at both SPGA member sites and the majority of social casinos offering promotional sweepstakes, also referred to as social sweeps games.

Social sweeps games combine the established social casino model, on which Americans have spent over $40 billion in the last decade, and add promotional prizes. No purchase is necessary to win prizes, and the vast majority of users play for free.
The foundational pillars of the Code of Conduct include the application of regulation-grade suppliers, technology, or policies to ensure: 
  • Age verification to limit real money play to users 18 and older

  • Proper identity verification (Know Your Customer or KYC) 

  • Location verification of customers 

  • AML policies to ensure proper transaction monitoring

“The pillars of the SPGA Code of Conduct highlight the technology and processes already in place at most social sweeps operators to ensure that the millions of adults who enjoy these games do so in a safe and reliable environment,” said Camilla Wright of Red Knot Communications, a spokesperson for the SPGA. 
“The standards of the Code of Conduct go above and beyond the accepted best practices for traditional social casinos.”
In the months ahead, the SPGA will release more details on the Code of Conduct, introduce additional pillars, and engage an external firm to certify member compliance with the Code.  
“We look forward to continuing to develop the Code of Conduct to further strengthen the commitment of SPGA members to compliance and player protection while providing consumers with a highly social and engaging experience that is always free to play,” said Wright.      
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