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Online Gambling & Bitcoin SV: a partnership fit for purpose

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Online Gambling & Bitcoin SV: a partnership fit for purpose
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For years, the gambling industry has been told bitcoin is the future but, as yet, there has been little substance to match the hype. CalvinAyre.com aim to bring simplicity and accessibility to world they feel is not being utilized simply through the understandable fear of the unknown.

The top line benefits should catch the eye enough to at least help betting operators read further: no chargebacks (the blockchain is an immutable ledger) and VERY low (less than a cent) transaction fees.

But here’s the bit that you may not know: Bitcoin in its original format (Bitcoin SV) is way more than a payment system, it benefits players, regulators, content providers and operators. The CalvinAyre.com Bitcoin for Gambling resource page offers detail on the what, why and how of bitcoin integration.

BSV also offers ‘provably fair’ gaming. How so? By recording game data on the Bitcoin SV blockchain. By writing slot spins or hand histories to the public ledger, recording the random seed that created them, players can then access these seeds and use the game’s algorithm, either provided on the operators site or a third party providers, to recreate the results for themselves.

But isn’t bitcoin all ‘black market’ and ‘dark web’? In a lot of instances, yes, but not with BSV. How so? Due to BSV’s commitment to follow laws and regulations, which all Bitcoin SV businesses subscribe to. BSV is an immutable ledger so every transaction and piece of data stored is transparent. Private does not mean anonymous.

Should you wish to speak directly to a real human about the benefits of BSV and your business please contact [email protected] and we’ll help you find the perfect solution.

SOURCE CalvinAyre.com

Bitcoin

Lithuanian Govt to Switch Land-based Gaming taxes to GGR-based Regime

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The Lithuanian government has introduced a new bill that would tax land-based slots and table games based on GGR, rather than a fixed fee per table or machine.

The bill was proposed by the country’s Ministry of Finance, and will now be put towards the Seimas, which may vote it into law.

Currently, for land-based slot machines and table games, operators must pay a fixed fee based on the number of machines or tables they operate. That fee is €260 per month for a Category A slot machine – which has unlimited winnings – €130 per month for a category B slot machine – where stakes and winnings are limited – and €2300 per month for a gaming table. Other forms of gambling are taxed based on GGR.

The government noted that under the current system, the worse an operator was performing, the higher an effective tax rate it would pay as a percentage of revenue, making the system highly regressive.

However, with the draft law, land-based slots and table games would be taxed at 18% of GGR.

“So far, we are seeing tax inequalities in the gambling sector. Currently, a gambling business pays a flat fee, not a percentage of the revenue generated,” Minister of Finance Gintarė Skaistė said.

“We want a clearer, one-size-fits-all taxation system that is fairer: in the months of higher turnover, businesses would pay more, in lower months they would pay less. At the same time, the new procedure will increase the transparency of the gambling sector and ensure fairer taxation,” Gintarė Skaistė added.

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Best Bitcoin Casino unveils sleek new look

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Best Bitcoin Casino debuts innovative rating system
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Online casino comparison site has also rolled out an innovative rating algorithm to ensure listed brands are accurately reviewed and rated

Best Bitcoin Casino, one of the most established and trusted Bitcoin casino comparison sites, has relaunched with a brand-new design and innovative rating algorithm that promises to deliver even more value to operators and players.

In addition to a fresh look and feel, Best Bitcoin Casino (BBC) now offers an intuitive back office and dashboard that gives operators full control over the information and review for each of their brands as well as direct access to the Best Bitcoin Casino community.

BBC has more than 650 casinos reviewed on the site but is encouraging operators that are not already listed to sign up and create an account. Each casino is then tested and rated by a member of the admin team and also receives a rating from players.

This is combined with BBC’s powerful rating algorithm that uses several parameters to rate an operator including bonuses and wagering requrements, direct and proactive player support, licenses held and more.

Above all, Best Bitcoin Casino gives top priority to player ratings, comments and feedback to ensure that each casino is accurately reviewed and rated based on the experience that it offers to players.

To coincide with the redesign, Best Bitcoin Casino has rolled out a new rating system – Rated as Best Bitcoin Casino. Those that receive the seal of approval can earn player trust and confidence, connect with BBC’s 12,000-strong community faster and enjoy better exposure across the site.

This badge is awarded to casinos that meet the following criteria:

  1. Have a 7.0 rating our above
  2. Have a dedicated casino representative
  3. Respond within 72 hours
  4. Use reputable casino game software
  5. Support various payment methods (crypto and FIAT)
  6. Update key details about the brand

In addition to the 650 online casino brands listed and reviewed on the site, BBC visitors and subscribers can also access information about dozens of crypto and blockchain platform providers, game developers, payment providers, licensing jurisdictions and more.

Barry GoldwonAsset Manager at Best Bitcoin Casino, said: “I am incredibly proud of the new look and feel we have created for Best Bitcoin Casino as we continue to establish the site as one of the most reputable and trusted in the market.

“More than that, I am proud of the incredible feedback we have received from operators and our subscribers which gives us the confidence that we are on the right track and have been since we launched in 2013.

“Our ultimate goal is to help players find reputable cryptocurrency and blockchain online operators, not only casinos, but also sportsbooks, esports, poker, dice and more. Our new rating algorithm will allow us to do this more accurately and at scale as we keep adding more brands to the site.

“We already have 650+ brands reviewed and rated but we would like to see even more operators sign up to Best Bitcoin Casino and take advantage of our community of more than 12,000 members to drive awareness of their casinos and increase new player sign ups.”

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German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate

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German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate
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Betting odds on the German federal election swung firmly towards Olaf Scholz and his SPD party after polls indicated that he won the first televised debate of the campaign.

Markets now give Scholz a 56% probability of becoming the country’s next chancellor, up from 36% on August 23,  prices compiled by crypto sportsbook Cloudbet show. He has now taken the lead from main rival Armin Laschet, whose likelihood of becoming chancellor slumped to 44% from 63%.

Cloudbet is the only major crypto operator offering German election markets. The odds are hosted on an enriched event page that charts real-time price movements and will live-stream future debates for players to seize betting opportunities as odds shift.

The page will also contain the Cloudbet Opinion, a visual representation of which party bettors are favoring with their wagers, and a useful alternative voting indicator to opinion polls. Cloudbet first unveiled the feature to good effect ahead of the US presidential election in November. Bets placed on Cloudbet for that election were closer to the final result than official poll results, especially in predicting state-by-state outcomes.

“Betting markets can offer unique insights into how segments of the voting public perceive the election,” a Cloudbet election expert said. “We will continue to monitor movements as the debates and campaigns continue.”

Sunday’s 100-minute debate was largely uncontroversial, with views on climate change proving to be one point of difference between the three chancellor candidates. Some 36% of viewers picked Scholz, according to a Forsa poll for broadcasters RTL/ntv. The Greens’ Annalena Baerbock placed second with 30%, while Laschet was last with 25%.

Founded in 2013, Cloudbet established itself as one of the world’s leading bitcoin betting operators, with a reputation built on unparalleled security and speedy withdrawals. Players on the German site can bet with 12 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, USDT, Dogecoin and Dash.

In June this year, the operator launched a fully localised website to provide better services for German customers. It also hosts a Telegram community for German-speaking customers to engage with other like-minded betting fans.

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