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BetterBetting Today Opens ICO Public Sale for BETR, the Betting Currency of the Future

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BetterBetting Opens ICO Public Sale for BETR

BetterBetting , a software systems enabler for sports betting on the blockchain, today launched their ICO Public Sale for BETR, a digital currency that will pave the way for a decentralised peer-to-peer sports betting system, and revolutionise online sports gaming. 

The token sale is an integral part of the company’s advanced distributed peer-to-peer and peer-to-sportsbook wagering platform. As BetterBetting continues to gain ground, ICO and gambling experts expect that BETR will soon become the betting currency of the leading sports betting sites.

Following BetterBetting’s successful pre-ICO sale period, their website will open at 14:00 GMT on December 15, 2017 for Public Sales. Given the high level of interest, pundits expect a rapid progression through the early-bird bonus levels (the first $5M have a progressive bonus level applied –see website for details). Cryptocurrency enthusiasts can purchase their desired share of the ICO until the projected sale end in January 2018 or hard cap of $30 million.

BetterBetting to ICO Enthusiasts: Get Tokens Before You Regret It

Once the hard cap is reached, a total of up to 650,000,000 BETR will have been released (with some kept in reserve and embargoed). These tokens will immediately be usable by sports bettors for wagers in sportsbooks that cater to BETR clients, and in peer-to-peer bets.

The target date for the launch of the fully fledged, much-awaited, Better Betting Nodes compatible with BETR is in March 2018, but owners of the crypto coin will be able to use their BETR with select sportsbooks prior to the full launch date.

As the digital currency is geared toward becoming the betting currency of the future, BetterBetting encourages everyone to make the most from the sale as the token is expected to appreciate in value within a short time of launch. There is minimal risk in buying tokens as they are tradable within two weeks after purchase, and will almost immediately start being used as value tokens on associated sportsbooks. When the ICO is over, the hard cap for BETR cannot be increased beyond the 650M limit.

BETR: A Promise of Transparency and Provable Fairness

Adriaan Brink, the CEO and Founder of Better Betting Foundation, stated:  “With Better Betting we are excited to bring a new paradigm to the world of sports betting. By combining the power of blockchain with our experience and knowledge of the sports betting industry, we are introducing a new betting currency that understands the underlying structure of a sports bet, ensuring fair and robust betting opportunities between two parties, who may not have any relationship with one another.

By removing much of the friction associated with placing sports bets, Brink’s team has created a transparent and provably fair peer-to-peer sports betting system that is not controlled by a central authority. With a core team of seasoned industry experts, BetterBetting is now in the final stages of introducing BETR to the world.

Brink added:  “Working with major industry players, this decentralized liquidity marketplace for sports betting can be used in many different ways and provides automated programmatic interfaces so that existing sportsbooks can link into the system. Working with, rather than against, major industry players with a zero margin model, we seek to provide the railway tracks for sports betting in the future.

 

About  BetterBetting:
The BetterBetting Foundation was established in 2017 in Estonia, aiming to integrate blockchain technology into sports betting for a decentralized gambling system. Founded by Adriaan Brink and David Vanrenen, BetterBetting is a non-profit group of ICO and sports betting experts inclusive of the supervisory board members David Vanrenen, Hilly Ehrlich, and Mitchell Rankin; and the advisors Jon Matonis, Ronnie O’Sullivan, Jez San, and Eric Benz. For more information, go to  https://betterbetting.org/ 

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Current Situation on US Gambling Law

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According to the American Gaming Association, the United States gambling industry is worth some $240 billion. That’s more than double the value of the entire US film industry.

However, despite its size and popularity, it’s still illegal to bet on sports in almost all 50 states. Only three states — Nevada, Delaware, and Montana — are legalizing sports betting. New Jersey is allowing bets on single games through a court ruling.

In this article, we will look at what you can expect if you want to wager on your favorite sport in different states.

Ohio

In terms of legal gambling in Ohio, the state has an extensive history with horse racing and casinos. There are currently five racetracks in the state which offer various betting options. The most popular form of wager is pari-mutuel betting, where you can bet on certain horses or the race. You can also place wagers on greyhound races at one of the tracks in Ohio.

The most popular form of casino gambling in Ohio is slot machines available at riverboat casinos across the state and at three racetracks that offer slot machines. Several Native American casinos operate within the state’s borders.

Maryland

The state of Maryland is one of the most regulated states in the U.S. Therefore, it is no surprise that there are stringent laws regarding gambling. Maryland has some of the most restrictive laws regarding gambling in the country.

The state has a long history of gambling, and it is still considered one of the top gambling destinations in the entire country. Moreover, the state continues working hard to develop its casino industry. This is by creating new legislation on how casinos can operate and what types of games they can offer their customers.

Maryland has many types of laws that deal with all aspects of gambling. This includes licensing requirements, taxation rules, and other regulations. These affect every aspect of online gambling.

Arizona

The state of Arizona is one of the few states that does not have any laws against gambling. However, there are some exceptions to this rule. The state does have laws against certain types of games, including bingo and raffles. Bingo is like any game in which cards are sold by chance. This is at a price greater than the cost of the card.

In other words, if you buy a $1 card and win $50, you can be arrested for running an illegal bingo game. Raffles are also illegal in Arizona if they are conducted by someone not registered with the state to do so.

The exception to this law is that if you are running a non-profit organization like a church or community group, you can conduct raffles without being registered with the state first.

Final Takeaway

The state of online gambling in the US continues to ramble on. However, different states are making significant strides to legalize it for US gambling sites. The current situation is that the gambling laws vary from state to state.

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Awards

Royal Partners as Platinum Sponsor of AffPapa iGaming Awards

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Royal Partners as Platinum Sponsor of AffPapa iGaming Awards

 

Royal Partners will join AffPapa iGaming Awards 2022 as the Platinum Sponsor of the event, honoring affiliates and operators.

The event will convert into a genuine melting pot, mirroring the incredible dynamic of the iGaming industry – promoting and bringing along affiliates and operators for a unique chance to participate among the industry’s biggest names.

The virtual Awards will be accompanied by an offline event for industry members on July 5th of this year, in the heart of Netherlands – Amsterdam.

All attendees will not only get the chance to network and have fun, but the winners will also be handed with physical awards right there in front of their whole team and the rest of the iGaming industry, who will be cheering them on!

Denis Nikishin, Head of Affiliates at Royal Partners, commented:

“Royal Partners is delighted to be this year’s Platinum Sponsor of the AffPapa iGaming Awards. This is an amazing opportunity to not only reconnect affiliates and operators, but to also have some fun. We’re pleased to see several of our affiliate partners join the list as well.”

Royal Partners joined AffPapa’s directory at the end of 2021, and the operator’s collaborations with our AffPapa-registered affiliates have been quite fruitful to say the least. This is yet another milestone in strengthening the cooperation between the two companies.

Yeva Avagyan, CCO at AffPapa, stated:

“We’re honored to welcome Royal Partners as our Platinum Sponsor for our first-ever AffPapa iGaming Awards. Working with the operator has been a pleasure so far, with communication and honesty being at the heart of just about everything. Having a major sponsor for AIA that also shares our AffPapa values is a big win!”

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Affiliate Compliance

Largest Dutch poker affiliate complies with regulatory changes post introduction of new Dutch gambling law

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Largest Dutch poker affiliate complies with regulatory changes post introduction of new Dutch gambling law

 

PokerKamers.nl, one of the Netherlands’ first and largest poker affiliate sites, introduced a new policy that fully complies with the regulatory changes that came in effect after the Dutch Gambling Authority (Kansspelautoriteit/ KSA) introduced its set of rules for operators to offer legal poker in the Netherlands.

As of October 2021, PokerKamers.nl, a Dutch spoken website existing since 2006, launched its new website. The founders introduced a policy to comply with new regulations, after the new Dutch gambling law took effect on October 1st of 2021.

“Being fully compliant meant saying farewell to online poker sites that did not receive a license to legally operate in the Netherlands; this includes renowned sites like partypoker and bwin, as parent company Entain’s initial application got rejected,” said PokerKamers.nl founder Joris Koningsberg.

Entain plc, one of the world’s largest gambling/ gaming, poker, and betting operators, did not receive a license to offer their brands in the Netherlands, including their online poker sites, because they continued to accept Dutch customers after the market closed due to the Dutch Remote Gambling Act (Kansspel op Afstand/ KOA) on April 1st of 2021.

“It was an easy decision, because the only other option was working with illegal poker sites. And besides, one of our favorite partners (ed: Hillside plc’s bet365) did receive their license,” said Joris Koningsberg.

Meanwhile, all Entain brands now comply to the Dutch Gambling Authority’s cooling off period and the company is expected to obtain a license in the first half of 2022.

With the decision to be fully compliant to Dutch law and regulations, PokerKamers.nl also improved the overall quality of its website. A new look and feel, a comprehensive audit of all existing pages and many new, were completed before the launch of their new website.

“And there is more,” said PokerKamers.nl co-owner Oscar Oosterling, “We have added a poker course, several tools including a tournament filter and the M-Calculator, and poker cheat sheets. And our to-do list is only getting bigger.”

PokerKamers.nl is a website to keep on your radar the next few months. New gambling licenses will be issued, and this website will only list the very best of them. You can expect continuous updates and new features that improve the overall quality and user experience. And with PokerKamers.nl being a compliant poker affiliate, you can rest assured that you’re not going to be misled into signing up with shady – or illegal poker sites.

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