XWIN CryptoBet Secures Belize Gaming License

Written by:
Published on:

Following reports that Ethereum-based Edgeless online casino has secured a gaming license in the jurisdiction of Curacao comes word that XWIN CryptoBet has obtained a gaming license in the Central American nation of Belize.

Bookmaker accepts most crypto-currencies

Based in Belize, XWIN CryptoBet is attempting to make headway in the Asian market ahead of the 2018 FIFA World Cup with its sports betting platform and claims to have already taken in its first $1 million even before an official ICO begins.

"The reports are very promising: South Korean and Japanese venture capitalists specializing in the blockchain start-ups are particularly interested in XWIN, that being a fully transparent revenue sharing Ethereum blockchain-based betting platform for sporting and other events," confirms XWIN CEO Artyom Baikov.

“Esports betting is already huge, and this global industry at the intersection of gambling, technology, and entertainment is growing by the minute. In its 2018 Global Esports Markets report, Newzoo estimates that China and North America have generated $376 million in revenues in 2017 or 53 percent of the world's total sports betting revenue. If this growth trend continues, the global sports betting industry is expected to generate $1.4 billion in 2020.

"Clearly, our Japanese and South Korean colleagues know a good thing when they see it. They realize that XWIN is very well-positioned to have its share of this enormous pie in the upcoming years and they want in.”

Scroll Down For More...

Ahead of the ICO, XWIN CryptoBet claims that “participation in ICO XWIN provides the investors with an unprecedented opportunity to become a co-owner of the world's first crypto-bookmaker and receive 100% of net income. The XWIN structure allows the investors to get a profit with minimal interaction.”

Belize began issuing gaming licenses in 2000 after developing a tax-free gaming park but that nation has mostly maintained a low profile in the sector since an initial promotional splash that reeled in the likes of popular long established sportsbook Carib Sportsbook. 

They also licensed the now defunct Internet1X2.com/Yahoops.com sister sites.  Two Israeli siblings, one residing in Belize and the other a Tel Aviv resident, were accused of operating the illegal online gambling sites. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

Abra Wallet Adds Support for Bitcoin Cash, Other Cryptocurrencies

Abra Wallet Adds Support for Bitcoin Cash, Other Cryptocurrencies

Abra Wallet is the latest platform to incorporate the 4th most popular digital coin Bitcoin Cash.  The Abra app is available for both Android and iOS devices. 

Hardware Cryptocurrency Wallet Demand Grows in South Korea

Hardware Cryptocurrency Wallet Demand Grows in South Korea

According to local reports in South Korea, demand for hardware wallets is increasing exponentially. The demand has stemmed from attempted hacks last year against domestic trading platforms like Upbit and Bithumb.

Alt-Coin Bear Market Largely Over Claims Expert

Alt-Coin Bear Market Largely Over Claims Expert

Speaking to Bloomberg News Tuesday, Fundstrat Global Advisors LLC suggested that the alt-coin bear market is mostly over and this is illustrated with his firm’s measure of alt-coins showing a sharp 75 percent decline in the group over the past 64 days.

eSports Reward Token (ERT) to be Listed on HitBTC Exchange

eSports.com, ambitious project to become the leader in the eSports industry, announces its token issuance on one of the top CryptoCurrency exchanges, HitBTC (https://hitbtc.com).

UK Government to Study Cryptocurrency Risks in More Detail

UK Government to Study Cryptocurrency Risks in More Detail

Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday.