iGaming Industry
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
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.
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.…
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Source: EEGaming.
Alejandro Navarro
Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform
Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.
Opening Casino Ownership to Everyone
The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.
This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.
“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.
Direct Profit-Sharing Through Tokens
Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.
“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.
Global Growth of Online Casino Ownership
The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.
Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.
The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.
New Opportunities for Investment
Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.
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.
“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.”
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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