Leading mobile-first iGaming platform, CashBet, has announced that they have raised $38 million for the development of what will be the world's first complete cryptocurrency-only mobile gaming platform.
The money was raised via token sale, the largest iGaming ICO project in history, that has attracted participants from over 100 countries who have helped the platform reach a cap of 142,975,000 tokens. Tokens will be distributed until the end of June.
Co-founder and CEO, Mike Reaves, commented: “The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions. We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”
CashBet Coin will soon be accepted as a payment method on some of Novomatic's subsidiary, Greentube casino platforms, as well as on Lottery.com.
It has been in business since 2012, is currently partnered with Lottery.com, Imperial Play, Greentube and English Premier League football club Arsenal – making it the first football club in the world to partner with a cryptocurrency operator.
It supports more than 450 games, and operators who integrate their software can gain access to player segmentation, bonusing, campaign management and more features for profitable iGaming operation from day one. They are the only vertically integrated iGaming solution to leverage blockchain technology for transparent operations and low transaction fees. CashBet is licensed by UK Gambling Commission and Alderney Gambling Control Commission.
Source:
“CashBet Raises $38 Million for World's First Complete Crypto-Ready Mobile iGaming Platform”, bitcoinist.com, June 19, 2018.