Cryptocurrency
Prediction market Futuur launches hundreds of real-money event markets with trading in 7 cryptocurrencies 🔮
![Prediction market Futuur launches hundreds of real-money event markets with trading in 7 cryptocurrencies 🔮](https://europeangaming.eu/portal/wp-content/uploads/2021/12/futuur.png)
Futuur, which provides the largest selection of prediction markets available at one URL, announced that after extensive testing it is officially launching its real-money markets to forecasters around the world. Real-money markets have been added alongside Futuur’s already existing play-money markets, with trading available in seven cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Tron (TRX), Bitcoin Cash (BCH), and the USDC stablecoin.
With the goal of generating more accurate predictions via the wisdom of the crowd, Futuur provides forecasters the opportunity to bet on the outcome of future events in areas like politics, sports, science, and business. Similar to a stock market, pricing is determined by market activity, fluctuating as traders buy and sell positions in event outcomes. The result is an always up-to-date forecast that aggregates information from across diverse perspectives and accounts for changing information over time. Futuur makes these forecasts public and easy to interpret, providing a percentage estimate of each outcome’s likelihood to occur.
The industry-leading range of liquid markets available for betting is facilitated by an automated market maker (AMM), a type of algorithm that replaces the function of an order book in traditional exchanges, and which has been used increasingly in the world of DeFi to power decentralized exchanges like Uniswap. In Futuur’s case, the AMM provides always-on liquidity, allowing forecasters to buy or sell a position immediately, at any time, without the need for a counterparty on the other side of the transaction.
Operating since 2017 with play-money markets, Futuur has generated crowd-driven predictions for over 44,000 events, with bets coming from more than 25,000 forecasters. The average Brier score (a measurement used by statisticians to evaluate the accuracy of probabilistic predictions) across all resolved markets with bets is 0.168, a notable achievement given that the prize for bettors has been social reputation and skill-building, and did not include a financial component until now.
Now with the ability to bet with crypto and put more “skin in the game”, Futuur predicts that its platform will generate even more accurate forecasts. Says founder Tom Bennett “we’re very happy with the results Futuur forecasters have generated trading our play-money markets, and we’re incredibly excited about the prospects for our real-money markets. We expect that an additional financial incentive will lead to even better accuracy, and move us closer to our goal of helping to improve decision-making by providing more accurate forecasts.”
To underscore this, Futuur has created a market about its own markets’ performance, asking whether play-money or real-money markets resolved in 2021 will be more accurate. The current crowd-powered estimate for the real-money and play-money versions of this market are 71% and 75%, respectively (real and play-money markets operate independently, and generate separate forecasts).
In order to offer legal real-money wagering, the platform has obtained a gaming license from the Ministry of Justice in Curaçao. This allows the service to provide real-money betting in most of the world, but it does exclude certain jurisdictions, including the US, Australia, Colombia, and the Netherlands. For forecasters in restricted jurisdictions, not to worry! Play money markets will continue to be available to all countries.
Cryptocurrency
Quantum Gaming Enters Crypto Gaming with Innovative Crypto Wallet Integrations
![](https://europeangaming.eu/portal/wp-content/uploads/2024/09/Quantum-Gaming-Enters-Crypto-Gaming-with-Innovative-Crypto-Wallet-Integrati_20240904_130148_0000.png)
Compliance Updates
Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/8-13.jpg)
Fintech crypto company Payhound has selected Chainalysis, the blockchain data platform, to safeguard operations from exposure to malicious activity and uphold strict compliance standards.
With a strong commitment to combating illicit activities and a regulatory obligation to safeguard its customers, Payhound has chosen Chainalysis as part of its compliance and risk management strategy. This collaboration underscores Payhound’s dedication to maintaining top-tier regulatory compliance and security standards within the industry.
Chainalysis is leading the way in establishing a safe global economy built on blockchains through its blockchain data platform, which assists businesses and governments in making informed decisions and protecting their customers. By implementing Chainalysis solutions, companies gain access to a suite of investigation, compliance and risk management tools.
Michele Santulin, Regional Director Mediterranean Area at Chainalysis, said: “In today’s crypto market, where trust is key to success, companies like Payhound need to take advantage of blockchain’s built-in transparency and use advanced blockchain analysis solutions to maintain strict adherence to regulations, protect their brands, and last but not least, offer reliable services to their customers. We are thrilled to support Payhound in that mission.”
Elton Dimech, Managing Director at Payhound, said: “Chainalysis is an invaluable resource for companies such as Payhound. Their forensic data and analytical approach, allowing for continuous crypto transaction monitoring, has proven indispensable in an effort to adhere to our own AML and Compliance obligations.”
Cryptocurrency
Bitblox announce more fast-paced crypto fun in Up or Down? Turbo
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/Bitblox-announce-more-fast-paced-crypto-fun-in-Up-or-Down_-Turbo_20240724_132355_0000.png)
Fasten your seatbelts and get ready to put your crypto price prediction prowess to the test once more, because this month revolutionary software provider, Bitblox, is back in action with an even faster version of its Up or Down format in the new Up or Down? Turbo.
Played out over quick-fire 20 second rounds, Up or Down? Turbo is a simple yet exhilarating thrill-ride that challenges players to correctly guess whether the value of Bitcoin will rise or fall in real-time, meaning it’s the perfect way to enjoy fast-paced crypto fun where every second truly counts.
Featuring a straightforward premise and an intuitive user interface where players can place their bets and track their performance after each round, Up or Down? Turbo provides an engaging experience that will appeal to crypto aficionados and those new to the market in equal measure.
Optimised for mobile and desktop, the game is currently available in fixed odds and parimutuel betting formats with a rake/margin and maximum bet that can be fully customised by operators, making it a versatile title that offers players scope to realistically win up to 10x their bet per round.
Up or Down? Turbo and all games from the Bitblox studio have been approved for release by the Gambling Supervision Commission for IOM-licensed operators, allowing them to add an exciting new vertical to their existing casino line-ups.
Of course, with the original Up or Down game also available and more innovative new releases planned for 2024, this is just the tip of the iceberg in terms of what operators can expect going forward as Bitblox begin to usher in a new era of accessible crypto-based betting for the masses.
Brandt Page, CEO at Bitblox, said: “Just when you thought the rush of predicting the Bitcoin market in real-time couldn’t get any more exciting, we’ve kicked the action up a notch to provide players even more opportunities to turn a quick profit in Up or Down Turbo.
“With a new round starting every 20 seconds, Up or Down Turbo takes our classic ‘higher or lower’ format and puts it into overdrive, supplying a fun and fast-paced betting experience that can be customised by the operator to deliver optimised RTP and engagement for their business.”
-
Australia6 days ago
ACMA: Young Australians Embrace National Online Gambling Self-Exclusion Register
-
Asia7 days ago
NODWIN Gaming announces strategic multi-year partnership with Insider.in as official ticketing partner for key IPs
-
Interviews7 days ago
Exclusive Q&A w/ Serhii Bukeiev, Head of Bingo at Evoplay
-
Interviews6 days ago
Scaling Up in iGaming: Strategic Role of Platform Migration with SOFTSWISS
-
Latest News5 days ago
Play’n GO Music announces collaboration with EDM artist Humansion for Quantum Rush release
-
Compliance Updates7 days ago
GOLDENRACE SECURES A NEW CERTIFICATION IN GEORGIA
-
Latest News7 days ago
Players Can Hook Some Big Payouts in Everygame Casino’s New Bass Baggin’
-
Latest News7 days ago
SOFTSWISS Unveils Retail Betting Solution