iGaming Industry
Introducing XWIN CryptoBet: The Blockchain-based Sports Betting of the 21st Century
Gambling gives people a natural high that many consider the ultimate entertainment. There aren’t that many analogies to the sensation you get when your pony comes in first or when your fighter knocks the other guy out. That’s why we will always bet on sports – our only real joie de vivre, something that’s over-the-top exciting yet legal, a social pursuit that gives us the sense of connection with the other human beings along with an incredible adrenaline rush.
Statista.com estimates that betting on sports grosses more than $1 trillion annually, and even the countries that have historically opposed gambling, such as Vietnam and Japan, have adopted legislation in favor of legalization of this reasonably harmless vice. Unsurprisingly, the lure of the dollar is much stronger than the centuries-old traditions, especially when budget deficits and underfunded infrastructure are the real problems everywhere in the world.
The United States, arguably the world’s largest sports betting market, is getting closer to completely legalizing sports betting throughout the country. Over the last 25 years, there have been several attempts at reconciling the current legislation (Professional and Amateur Sports Protection Act, 1992) with reality. New Jersey was and is at the forefront of the movement (Christie v. NCAA) forming the American Sports Betting Coalition. American Gaming Association and the National Indian Gaming Association are not content with watching the fight from the sidelines; they consistently loud unequivocal support for repealing the federal ban on sports betting.
But here lays the problem.
With such positive developments ensuring the likelihood of legalization of sports betting and the inclusion of additional markets into the current fold, it’s assumed that gamblers are well served by the online gambling solutions currently available. The regulars know that this is completely false and that, for now, they must continue to incur such nuisances as commissions up to 10% per bid, lack of transparency, shady operations, ambiguous permits, limits set for successful players, unfair account blocking, the risk of transferring financial information and funds to less than reliable intermediaries, entrusting your win to a party vested in tipping the scales – the list is seemingly endless.
The solution is the blockchain technology and the Ethereum-based smart contracts that come with it. Introducing XWIN – a fully transparent revenue sharing Ethereum blockchain-based betting platform for sporting and other events.
XWIN smart contract is based on meeting all private investors’ needs and expectations. The XWIN token is based on ERC20 protocol and is designed to generate guaranteed income from XWIN activities through the distribution of 100% of the profit between token holders.
- The use of smart contracts on the Ethereum-based XWIN network guarantees the pay-out to the winners and the absolute transparency. Never an account blockage due to frequent wins and forks – a player’s funds are escrowed in a self-managing and autonomously run smart contract;
- Using the Ethereum blockchain, XWIN dramatically simplifies a better’s registration and cross-border operations. The bonus is the security and confidentiality of information and the technical soundness of the entire platform: the Ethereum network eliminates the infrastructure risks associated with equipment failures and disruptions to Internet access providing players with the ability to monitor and control account operations constantly;
- XWIN smart contract functions as an arbitrator, autonomously and completely independently fulfilling the terms of the agreement. In other words, if a bet is being placed with the help of a smart contract, the conditions prescribed in it will be fulfilled to the last letter regardless of the parties’ preferences in the matter.
Having placed a bet with XWIN, a player receives information about all its conditions.From that point on, neither the better its terms may be changed since they are registered in a smart contract. Also, the bet amount is embedded in the smart contract at the time of the bet and may not be released to either party without the system’s authorization – no funny business.
With all of the above taken into account, XWIN is one of the first online bookmakers utterly independent from the hopelessly antiquated ways of the current sports betting, hence, the only feasible alternative to it. Investing in ICO XWIN is a chance to play on the world’s future leading crypto-bookmaking platform and receive 20% of its revenue with minimal interaction.
The “early bird” factor is crucial in taking advantage of the blockchain-based betting on XWIN. Very soon the American gambling industry is going to run entirely on the blockchain, and the early bird still gets the worm. Add to that continuity of the process, stability only attributable to the Ethereum blockchain, complete control over investments, accessibility 24/7/365 from anywhere in the world and from any device – mobile or stationary, security and confidentiality of information at an unprecedented level – and the picture for the future sports betters gets awesomely bright.
Help to build the blockchain future! Join ICO XWIN right now and get the additional +20% bonus for tokens purchase. Be a number one in the crypto bookmaking industry with XWIN CryptoBet!
Company name: XWIN CryptoBet
Company site: https://xwin.io/en
Email: [email protected]
Source: cointelegraph.com…
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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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