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iGaming Industry

Blockchain-powered platform aims to disrupt the gambling industry

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Blockchain-powered platform aims to disrupt the gambling industry

VIABET is poised to completely transform the online gambling industry as the blockchain-based, cloud betting platform allows players to operate their own casinos and reap the rewards. Investors can enjoy a massive 40% discount during the VIABET token pre-sale that is currently underway.

 

Gambling has long been a profitable enterprise as can be seen by the success of cities like Las Vegas and Atlantic City. Even governments participate in gambling by offering lotteries and scratch-off tickets. Now gambling is even bigger (as well as easier) by going online.

The current value of the online gambling industry is a staggering $50 billion, and this number is expected to increase to $56 billion in 2018. However, only a mere 5% of online gambling is attributed to cryptocurrency gambling. This is an incredibly massive opportunity as 95% of the fiat market is up for grabs. VIABET aims to gobble up this market share by introducing blockchain-based cloud betting where players can create and operate their own casino games.

Viabet offers solutions for lingering online gambling problems

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There are a number of issues impacting online gambling at the moment. The biggest one is trust as players cannot see the other players or the house as they’re sitting alone at home. Another trust issue is that players cannot see the underlying game mechanics and random number generating system to ensure that everything is on the up and up.

VIABET solves these issues by bringing transparency and provable fairness to online betting that can be seen by everybody via the blockchain. VIABET is the future of online gambling as it’s based on the core concepts of decentralized gambling, a 0% gambling edge, and provable fairness, which will cause players to flock to the platform.

VIABET is a technological launching pad that allows players to not only actively take part in online gambling through blockchain-based cloud betting, but to also actually become the house and host their own casino games. From roulette to poker to dice games, players can set up their own virtual casino and enjoy house odds as other players bet against them. No other online gambling platform offers anything remotely similar to what VIABET is bringing to the table.

The basics of VIABET

The nuts and bolts of how VIABET operates is extremely easy. The decentralized, online gambling platform uses a double token system. VIA tokens are used for normal gameplay and betting, and these tokens can be purchased during the current ICO pre-sale. Edge tokens are the second platform token, and players can only earn these by playing games that are hosted by VIABET or other players. Players can then use Edge tokens to launch their own games (and even set up their own rules), and these Edge tokens are then deducted as the player operates their own virtual casino. When the player runs out of Edge tokens, they can gain more by just playing against a casino house.

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The development team at VIABET says: “VIABET acts as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. Similar to the way Ethereum created a world running on DApps, VIABET aims to create a transparent and incentivized platform which proves itself to the world by remapping the online gambling industry. The platform is powered by an Ethereum-based ERC20 protocol token called VIA (XVIA) guaranteeing absolute casino transparency.

VIABET ICO

VIABET is offering 49 million VIA tokens in total during their ICO, but only 9.8 million are available during the pre-sale, which is underway and lasts through November 21st. However, demand is sure to be high as there is a cap of 7000 ETH during the pre-sale, which means that tokens are likely to sell out before the deadline. Early bird investors can take advantage of the 40% bonus that’s being offered during the pre-sale.

The remainder of the VIA tokens will be offered during the VIABET ICO, which will begin on December 11th. Investors can also earn discounts during the various rounds of the ICO, and these discounts are:

  • 20% for Round 1 (starts on December 11th)
  • 15% for Round 2 (starts on December 18th)
  • 10% for Round 3 (starts on December 25th)
  • 0% for Round 4 (lasts from December 31st, 2017 through January 7th, 2018)

Online gambling is huge, and it’s only going to get bigger. VIABET is primed to become the 800-pound gorilla of online gambling by understanding that the blockchain is the future of online gambling. It offers a decentralized, blockchain-based cloud betting platform that allows for complete transparency and provable fairness, which solves the problems facing online gambling today. VIABET is utterly unique in that the platform fully allows players to operate as their own casino, with the games of their own choosing, and enjoy the benefits of house odds. Overall, VIABET is poised to take full advantage of the vast 95% market share of online gambling that cryptocurrency gambling has not tapped into yet.…

The post Blockchain-powered platform aims to disrupt the gambling industry appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

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Source: EEGaming.

Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

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eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

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“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

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BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

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Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

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Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.

“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.

Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.

Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.

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