After successful fundraising, crypto gambling projects look to the future

The blockchain-based gambling projects which successfully fundraised tens of millions of dollars via initial coin offerings (ICOs) last year are nearing launch, and for many, Asia holds the key to long-term success. A spate of successful ICOs saw a diverse range of gambling-related operations funded in 2017, including B2B provider FunFair, which raised $26 million in four hours in July. Several months on, many of these projects are nearing launch, with some already live. Wild Crypto is one of the first to launch, going live in February just four months after successfully raising 10,592 in the cryptocurrency Ether in September of last year, around $6.5 million at today’s prices. An online casino offering a range of slots, lotto and instant win games, Wild Crypto accepts bets placed only it is bespoke WILD token cryptocurrency. Those who invested in the ICO received the tokens at a rate of 2000 to each Ether, and the...

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.