Unikrn, a Las Vegas-based betting platform, has obtained license for cryptocurrency gambling on eSports from the Isle of Man. This would allow the company to offer legal gambling services to its users on competitive video games using cryptocurrency.
Unikrn already had licenses to provide real-money betting on eSports in the U.K. and Australia. With the new license, the company would be able to offer crypto gambling for skill-based eSports matches in 20 regions through its in-house currency (the UnikoinGold token) or traditional currencies like the U.S. dollar.
This is a big deal for eSports betting in America, since a federal law banning such gambling was lifted earlier this year, with the United States Supreme Court allowing state-by-state legalisation instead. It is worth noting that states still have to pass their own laws to legalise and regulate sports betting following the Supreme Court’s decision, with New Jersey most recently outlawing eSports betting.
While Unikrn has played host to real-money wagering on video game tournaments since 2014, it is taking advantage of the licensing announcement to roll out a bunch of new services (including the afore-mentioned cryptocurrency system).
Source: Gamasutra
By Niji Narayan
Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.