Tag: Online Casino

Web3 Technology Meets Gambling with Chancer

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The huge hype about the Chancer presage is sure to astound crypto gamers. Over 38 million tokens were snapped up in a couple of days, making this token sale a phenomenon in the world of online gambling.

So, what exactly is the big deal?

Chancer is not your average gambling website. It is aimed at being a game-changer in the world of online gambling since it promises to revolutionize the way we wager.

Chancer is built on a foundation of decentralization. In their place, a system that puts power back in the hands of gamblers like us will rise to prominence. Chancer provides a platform for personalized staking and payouts based on smart contracts, which together provide for an exciting and interactive social setting.

Chancer is unique since it proposes a decentralized prediction market. By using blockchain technology, Chancer removes the opaqueness and lack of confidence associated with conventional centralized bookies. Every one of us has the option to set personal prediction markets, where we can place wagers on everything from exciting sporting events to casual wagers with our friends and family.

There is more, however. You may use the P2P Chancer platform for either entertainment or to earn money. It guarantees a safe and entertaining betting experience thanks to thorough auditing and compatibility with Google’s WebRTC.

The Chancer Token

The Chancer token is at the center of all these plans. To participate in the platform’s prediction market and make bets, one needs to get this token. It functions as the de facto standard currency, making it possible to do business in a streamlined and effective manner. And the greatest thing is… At its current presale price of $0.01, the Chancer token presents an exciting opportunity for early investors.

The beta release of Chancer is expected in the third quarter of 2023, although the development process will continue beyond that point. The roadmap shows that work is continuing on product development with the end goal of implementing Filecoin data storage, introducing quadratic governance, and reaching complete decentralization. The gaming business might see dramatic changes thanks to this ambitious endeavor, and those who get in early could be on the cutting edge of these changes.

The overall direction of the Chancer roadmap indicates that significant progress will be made on the project. Boosted investor sentiment and token demand might set off a positive trend that lines up with the market’s expectations for a rising price cycle.

Rollbit On the Spot for Allegedly Operating Without a Valid License

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Accusations that Rollbit, a new and fast-rising cryptocurrency-accepting online casino, is operating illegally have caused quite a stir in the crypto world. The reality is, however, that this is just the tip of the iceberg.

The license status of the firm is the focus of the allegations, which Rollbit says are presently being reviewed as part of the yearly renewal procedure. The company claims this renewal procedure is typical of Curaçao-authorized platforms. In addition to this, they assert that to keep up with the standards that are required of a licensed casino, they have gone through the same process of renewal each year since the establishment of their business.

Some Serious Inconsistencies

Skeptics, however, have reason to doubt Rollbit’s assertions due to discrepancies between the company’s claims and publicly accessible data about Curaçao gambling licenses.

Slotegrator, a software provider and aggregator for online casinos, reports that so long as the master license from Curaçao is still active after five years, the sub-licenses may remain in place indefinitely. This runs to counter to what Rollbit says about having to renew their license every year.

Further uncertainty was added when crypto and finance researcher FatMan revealed a chat he had with Rollbit’s support team. In the beginning, the firm claimed that the lack of licensing information was a “UI problem,” but he did not buy it. He suggested that one of Rollbit’s new games might have upset the regulator.

As the situation around Rollbit develops, more accusations have surfaced. Others have accused Rollbit of engaging in unethical behavior by supplying false balances to influencers. In this claimed strategy, influencers utilize free money to demonstrate large wins, perhaps attracting their followers into gambling through affiliate links. This practice has been criticized because it is dishonest and lures naive customers while providing the casino with risk-free profits.

The Implications?

The accusations leveled against Rollbit are serious and may seriously damage the company’s reputation. In a statement released in response to the situation, Rollbit said it was in constant contact with the licensor and had made some small adjustments to the app’s user interface per the licensor’s suggestions. Yet the company’s answers haven’t been enough to calm the crypto community’s fears.

Some members of the cryptocurrency community are even demanding that Rollbit be shut down, while others are demanding that the firm provide more information to explain the issue.

Although the future of this situation is uncertain, it highlights the significance of openness and compliance with regulations in the online gaming industry.

New Report Reveals Surge in Crypto Use in Online Gambling

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Last Tuesday, BGaming, a notable figure in the world of crypto gambling released a publication detailing some of the key gambling trends of the third quarter of 2021. According to this report, online gambling recorded some of the most interesting developments.

In addition to the impressive demand for iGaming solutions, innovative additions to the sector have also been growing rapidly. For instance, gambling with crypto is now a very big deal. While crypto gambling is not an entirely new concept, it is still in the early stages in terms of mainstream adoption. The gambling sector is leading the pack in that regard with more interest in crypto-gaming solutions than ever. This sector’s popularity was where BGaming found the most growth.

Big Boost from Mobile Gambling

iGaming is generally on the rise in the United States as well as in other parts of the globe. One of the biggest contributors to that has been the increased accessibility of mobile devices. These devices are arguably the most vibrant markets for modern online gambling operations. Every operator has worked towards delivering amazing mobile casino offerings and crypto-friendly casinos have not been left behind.

Moreover, there is more ease of access to such things as crypto wallets and trading services are available for mobile users. That has made using crypto for real-money online casino games so much more accessible and convenient. It could even be said to be enjoyable in its current state.

Driven By a Growing Market

One other aspect that has been very important for the growth of crypto gambling has been the deep interest shown by the young adult population. This particular audience has grown by over 5 percent this year adding to what was already a very impressive number. Since they are more tech-savvy and open to innovative technologies, their interest in crypto gambling is not surprising.

“In the current climate, young adults are spending more and more time at home looking for new forms of entertainment. Following that trend, iGaming providers track the most popular demands of this new generation, creating and adapting new games and products to meet the needs of this growing market,” reads a statement from BGaming.

BGaming’s report is certainly something that other players would be interested in looking at. The company has already built a solid reputation for being the first operator to offer crypto-powered iGaming experiences. As it looks to expand the business and its network further, the company will leverage the finding on its report.

BC.GAME Receives Gaming License from Curacao

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As the world of crypto and gambling continues to come together, several companies are beginning to reap the fruits of it. This is one of the fastest-growing sectors making it a key target for several businesses. Lots are succeeding. Recently, BC.GAME which is one of the fast-rising operators in the world of crypto-powered gaming has been all the buzz.

The company’s ambitious plans to extend its footprint are well on the course thanks to a recent development. It officially received a gaming license from the Curacao Interactive Licensing N.V. That makes it an officially regulated online casino and is a huge milestone for the company as it pursues full compliance.

This is a very big deal. The company has even gone as far as publishing its new license to the Interplanetary File System (IFPS). This platform allows for the storage of files securely in a blockchain in a manner that allows ownership to be easily proven through a private key. It also means that the file cannot be tampered with or even used for unintended purposes.

Speaking on the new development, BG.GAME COO Chris Butler noted the company’s new status as a regulated iGaming operator opens doors for opportunities. For instance, the operator will now be able to offer thousands of third-party games from leading game developers across the globe. In addition to that, the license also creates room for further ventures.  A sportsbook and a live dealer casino offering seem to top the list.

Huge Win for Crypto Gambling

As much as crypto-powered online gambling has grown over the years, it still has a long way to go. The BG.GAME development acts as a beacon of sorts that will likely kick off more growth. It is very difficult for crypto-only casinos to obtain gambling licenses but this is changing. Now that the company has proven that it can be done, many more will probably follow.

BG.GAME currently supports deposits and withdrawals using over 50 different cryptocurrencies which is very impressive. Even the casino businesses that have been around for decades have not been able to pull that off. Understandably, the crypto gambling scene is still picking up pace. We just must appreciate the small wins and acknowledge their role in pushing the whole industry forward.

It is also worth noting that this goes well beyond gambling. A license essentially affirms the legitimacy of crypto use. This should also be a decent way of showing more people that many existing digital currencies are viable and ready for mainstream use.

Are NFTs Headed to Gaming?

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Cryptocurrencies are perhaps one of the most notable developments of the past decade or so and they continue to spawn even more innovations. Now, one of the most talked-about aspects of the crypto landscape is non-fungible tokens otherwise known as NFTs.

What Are NFTs?

As it is with several aspects of the crypto industry, NFTs are still not understood by everyone which is totally understandable. They are simply collectible digital assets that hold value as a form of cryptocurrency and as a form of art or culture. The reason why they are such a big deal is that they are a way to create both scarcity and uniqueness to digital art. You can also think of it as a new vessel of distribution and ownership for an already rather experimental medium.

How This Relates to Online Casinos

Well, if history is anything to go by, the casino industry is likely to pick up on this new buzz much like did with other emerging technologies. Today, bettors can leverage some of the latest technologies on their gambling platforms of choice. These include things like digital currencies, live betting, and even other arguably niche technologies like Augmented Reality (AR) and Virtual Reality (VR).

Now, if we consider the massive popularity of NFT, it is almost guaranteed that a massive push for its adoption in the online gaming world will be a reality soon. The rise of such activities like eSports also serves to prove the potential of the new technology as a way to take online gambling and gaming to the next level.

In many ways, the NFT blockchain network, online gaming, and the online casino industry seem to be built in such a way that they complement each other. Some companies have already begun investing in that future and they are already projecting some pretty impressive returns from that.

Should You Jump In?

People are already trading NFTs which sort of gives it a start that is much like the launch of digital currencies in the early 2010s. However, the phenomenon is still marred in quite a bit of skepticism just in the same way that digital currencies were in the beginning. All things considered, jumping in at this very moment is mainly a question of how much faith you have in what is arguably the future of gambling, art, and entertainment.

There is still a long way to go and a lot to learn before everything falls to place as projected but there are lots of people who are more than happy to be a part of that journey. Are you one of them?

BitBoss Breaks New Ground for Bitcoin SV Gambling

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Crypto-powered online gambling has achieved yet another great milestone thanks to a recent move by BitBoss, one of the fastest-growing crypto-first online gambling platforms. The operator has made history by launching the very first blackjack game to run entirely on-chain, something that certainly means a lot for the future of the online gambling industry.

Now, the integration of online casino games with blockchain technology has not been very easy to pull off especially due to the current technological limitations. BitBoss has, however, found some workarounds that have made it possible for the company to pull off such a fete.

Players can look forward to the same level of quality when playing on-chain poker with BitBoss due to the impressive optimizations that have been implemented in the game. All of the bets, as well as the results of the games, are transactions on the very popular Bitcoin SV blockchain which means that they offer all the benefits of the technology. These benefits include transparency, accessibility, immutability as well as the utilization of some untapped potential.

According to Alex Shore, the BitBoss. CTO, the company went a step further with the blackjack offering since blackjack is a multi-action game. All of that action is recorded on the blockchain which comes with some other benefits. Perhaps the most notable benefit is that everything is provably fair and therefore there is no need to build off-chain technology and try to scale it later.

New Exchange Services

In addition to the new blackjack offering, BitBoss’ Dragon BSV Casino is also now allowing customers to convert whatever digital currency they may have to Bitcoin SV (BSV). Some of the popular digital currencies that users can trade on the platform include BTC, ETH, XRP, TRX, XMR, LTC, USDT, and USDC. In addition to offering their users unmatched convenience, BitBoss is looking to achieve much more with the exchange services it is now offering.

The most important goal for the company seems to be to show the world just how powerful the Bitcoin SV blockchain is. Moreover, this will serve as a way to elevate the popularity of Bitcoin SV – the digital currency is already making headlines due to its stability especially when compared to the likes of Bitcoin.

The developments that BitBoss unveiled came just a short while after the Bitcoin Association announced that the first Bitcoin SV Technical Standard Committee-commissioned standard is ready for public review. This just marks the beginning of a potentially impressive upward trajectory for BitBoss as it inches close to mainstream adoption.

EOSBet Unveils Bitcoin Betting and Account System

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After making history at the end of last year by becoming the very first blockchain-based casino to receive an official gambling license EOSBet decentralized application recently announced the next step in its journey toward mass adoption of crypto and blockchain. The platform has made its first big step in 2019 by launching a decentralized account system alongside a native bitcoin deposit and betting option.

After receiving its official gambling license, EOSBet became one of top-rated EOS dApps and it will be taking its proactive approach towards innovation into the future with its new and impressive betting option and its neat account system.

The EOS Account System

One of the biggest challenges experienced by users of blockchain technology is the numerous entry barriers that often come in the form of lengthy wallet setup processes among other things. The EOSBet system seeks to solve this problem by developing a system that allows users to deposit funds directly from any source thus eliminating the need for the use of any wallet or third-party software. Furthermore, the system will also cover all the blockchain costs for the players thus allowing them to enjoy the same gaming experience they would find at a tradition centralized casino on the decentralized one.

EOSBet’s account system, just like every other aspect of the platform, is decentralized and completely on-chain which means that all the actions are fully viewable on any block explorer. All the actions also eventually become part of the EOS blockchain and since the system is non-custodial, the players will always be in total control of their funds.

To make the experience even better, the EOSBet team chose to use a simple two-click sign up process that is not only very intuitive but also optimized to work seamlessly across a wide range of devices. With the new system, even people who do not have accounts with ESO can bet securely and get to participate in its very generous player rewards program.

Bitcoin Betting Is Officially Here!

While there have been a number of previous attempts at bitcoin betting with varying degrees of success, EOSBet has beat every other company to becoming the very first on-chain casino to natively accept bitcoin. As if that is not enough, the company plans to implement several other digital currencies in the near future. The betting platform works very well – all a player needs to do is to deposit bitcoin to their accounts, play instantly and then withdraw whenever they may wish to do so.

Both the betting option and the accounts system are slated to take the online gambling industry by storm and this is certainly going to play a huge role in the long-awaited mainstream adoption of digital currencies and blockchain. 2019 might be the year it finally happens.

Worldpay, Paysafe Unite for US Gambling Partnership

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Global payment providers Worldpay, Inc., and Paysafe Group have recently announced a new strategic partnership that is aimed at establishing a standard for the sports betting and online gaming digital payments acceptance and security in the United States. This move is perhaps a well-timed response to the rapid growth of the online and sport betting industry following the May Supreme Court ruling that event that lifted the federal ban on sports betting thus individual states the go-ahead to liberate on their own sports betting regulations.

Paysafe Group is one of the world’s most popular providers of end-to-end payment solutions and its core business is enabling businesses and consumers to connect and perform seamless transactions. The company has well over two decades worth of experience, close to 3,000 employees and up to 12 global locations. Worldpay, Inc, on the other hand, is highly regarded for its capability to power global omni-commerce.

The duo’s partnership will leverage Worldpay’s optimized credit card processing, fast-fund payouts as well the included treasury and payment solutions. Paysafe, on the other hand, will be providing its online gambling and gaming digital payment options which include Paysafecard online cash solution and NETELLER wallet. With this partnership in place, the duo will be able to facilitate seamless transactions while reducing operating costs and allowing universal payment acceptance.

This is exactly what the American sports betting and online gaming industry need as they continue to grow – the American Gaming Association estimates that the sports betting market in the country is worth over $150 billion in gross online and offline gaming revenue. From the looks of it, it could become the largest sports betting market in the world and therefore reliable and convenient payment systems are necessary.

More Choices for the Players

Joel Leonoff, the President and CEO of Paysafe Group believes that the partnership will be able to effectively champion the needs of both the players and the operators by giving them access to a secure, high-configurable and cost-effective payments systems that will deliver an unmatched player experience. The innovative approach the duo will be going with means that the partners will be able to support all transactions. In essence, this means that there will be a ton of payment choices for players to choose from.

In a statement released shortly after the announcement of the partnership, Shane Happach, Worldpay’s executive vice president and head of global enterprise eCommerce pointed out that the combined strengths and capabilities of the two companies would simplify payment options for the gaming operators while “continuing to show our attentiveness to responsible gaming and our mission to protect the integrity of every transaction.”

Online Gaming in New Jersey Gets a Lot Easier

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While New Jersey’s online gambling industry is considered to be one of the best, online gamblers in the state have until recently had to cope with one very frustrating and annoying problem. Participating in online gambling in the state has been a nightmare for residents due to the difficulty of paying with credit cards. The situation was quite unfair especially considering the fact that we live in a world where credit cards are considered to be a standard of payment for a vast range of goods and services.

Having started as an attempt to regulate and prevent online gambling fraud in the state grew to become one of the most significant drawbacks to online gambling in the state as the banks were not allowing players to use their credits to deposits funds into their online casino accounts. As such, many gamblers had to jump through several hoops whenever they wanted to participate in the legal and regulated activity to ensure that their payments were not declined.

“At some point (the federal government) wanted to shut down illegal gambling in the U.S.,” explains Mattias Stetz, COO at Rush Street Interactive/playsugarhouse.com. “Banks became very subjective to what transactions they would or wouldn’t approve. However, since the legal and regulated New Jersey online casinos launched, some banks still haven’t changed their controls to reflect the new legal status.”

Even though these precautions proved to be quite helpful in preventing fraud and illegal gambling activities, it also served a pretty significant stumbling block for legitimate online gambling.

The Solution

New Jersey’s online gaming community has been anticipating a fix for this problem for quite some time now. Well, luckily for them, they now have an easier way to deposit money into their online casino accounts using their credit cards.

This is facilitated by a collaboration between Sugarhouse Online Casino (playsugarhouse.com), an online establishment, and Wyrz, an experienced payment provider. The two have created a system that allows customers to deposit money into their individual online gaming accounts with nearly all the available credit cards.

“Many may not be aware that one of the biggest challenges with online gaming in New Jersey has to do with depositing money to play,” Stetz explained. “When a player tries to fund their account with a conventional debit or credit card payment, the transaction would often fail. Now thanks to the partnership between playsugarhouse.com and Wyrz, that is no longer an issue for those looking to wager and win on the exciting casino games offered on the site.”

This will hopefully give online gamblers the ability to play stress-free since they no longer have to worry about their payments being declined by the bank.

“This should help the New Jersey tax income from gaming as well because all players will be able to play,” Stetz added.

Pennsylvania’s Comprehensive Gambling Expansion Surges On

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The Pennsylvania Gaming Control Board (PGCB) has confirmed that the state’s plans for the establishment of mini-casinos, online gambling and a number of other developments are well underway. The members of the board believe that it is going to be a fairly smooth sail from here on out now that a lawsuit that has been challenging the gaming expansion has been dropped.

Even so, everything pertaining to the Keystone State’s comprehensive gambling expansion was already in the right regardless of the setbacks that included the said lawsuit.

“These are very busy times for the Gaming Control Board,” said Doug Harbach, the PGCB spokesperson. “We have six expansion initiatives that we are part of…There’s never been a jurisdiction in the United States that had to get that many types of gaming up and running in a very brief period of time.”

Filed by Penn National, the operator of Pennsylvania’s Hollywood Casino, the lawsuit which was filed earlier this year cited the company’s concerns that the legalization of mini-casinos would jeopardize and cannibalize their casino operation in the state. The lawsuit was, therefore, seeking to have the federal courts pass a ruling that would block the new Category 4 casino provisions since they treated the state’s existing operators unfairly and contained “unconstitutional” language.

According to Harbach, the Penn National lawsuit was one of the most significant setbacks to the Keystone State’s comprehensive gaming expansion. Even though some other issues may arise in the near future, Penn National’s decision to drop to the lawsuit will definitely lighten the load.

“We made a business decision to withdraw our lawsuits against the Category 4 law,” said Penn National spokesperson, Eric Schippers. “While we continue to believe in the merits of our arguments, we have chosen to focus entirely on our development efforts for our two new casinos, rather than pursue what is likely to be a lengthy and costly legal battle.”

“As previously stated, our goal in pursuing our Category 4 licenses is both defensive, in terms of protecting our existing investment at Hollywood Casino from new competition, and offensive in terms of penetrating more deeply into more populous market areas to our south and east, in order to drive incremental value for our shareholders.”

Internet Gambling

While the state is still handling and reviewing mini-casino proposals, the iGaming license process is also in progress. Already, nine of the state’s 13 casinos have paid the discounted $10 million licensing fee for slot machines, poker, and table games.

“Once we get the iGaming up, of course then we’ll start to look at the airport gaming,” Harbach added. “We’ve got the video gaming terminals at the truck stops…Course we began to do some regulation on fantasy sports and have collected taxes on that for a couple months. So, all those things.”