EOSBet obtains gambling license in Curacao to become first on-chain blockchain casino

EOSBet, an emerging and sought-after decentralised gambling application, has obtained a Master Gambling License from the Ministry of Justice of Curacao. It allows the company to sub-license other gambling platforms. With this EOSBet has become the first on-chain blockcain casino app.

The new platform will intrinsically eliminate problems like lack of trust and transparency, costly fees and high-house advantages on the centralised online gambling platforms. EOSbet allows players to gamble in baccarat game or dice-throwing game. It has a betting volume of over $5 million.

It has become the first community-driven casino that allow players with native bet token to get immediate rewards in EOS from the platform’s profit. The payments are distributed proportionally, depending on the number of bet tokens possessed by each holder. EOSBet paid a total of $1 million to the token holders within 2 months of going live.

EOSBet manager Frej commented: “We’ve worked relentlessly to make this license succeed and we will continue to strive to be the standard for smart casinos.”