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Bitcoin Deposits Now Accepted by AmWager.com

Zoltan Tundik

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LOUISVILLE, Ky.July 12, 2018 – AmWager.com, the premier website for watching and betting on live horse racing, is now accepting Bitcoin and Bitcoin Cash deposits. A leader in technological innovation, AmWager.com is the first advance deposit wagering (ADW) company in the U.S. to obtain regulatory approval and implement the technology necessary accept the world’s most popular cryptocurrency.

“Over the past several years we have witnessed Bitcoin and other cryptocurrencies evolve from an esoteric concept to a widely recognized digital currency, that is quickly making its way into the mainstream. With mainstream acceptance, cryptocurrencies have the potential to drastically transform our global payment systems, and we at AmWager seek to be on the forefront of that transformation. To that end, we have worked diligently with the Oregon Racing Commission and BitPay to bring cryptocurrencies to the ADW industry,” said AmWager.com CEO, Nelson Clemmens.

Bitcoin and Bitcoin Cash offer AmWager customers an attractive alternative to the traditional methods for adding funds to their wagering account. The blockchain technology behind cryptocurrencies, such as Bitcoin and Bitcoin Cash, address the inefficiencies that exist in our current banking system by verifying and finalizing transactions rapidly through a decentralized network of computers. The swift settling process offered by cryptocurrencies effectively mitigates chargeback risks, and therefore eliminates the need for a delay in the availability of funds while transactions “clear” through the traditional processes. Bitcoin and Bitcoin Cash deposits to AmWager accounts are processed by BitPay, the world’s largest Bitcoin payment processor, who converts the funds immediately to U.S. dollars, eliminating any trading risks.

In less than ten minutes you can sign up for an AmWager account, add funds, either with BitPay or a traditional funding option, and begin using AmWager’s exclusive tools and features to place better wagers on racing from more than 450 tracks around the world. Visit AmWager.com today to create your account and take advantage of a $500 Sign Up Bonus. Learn more at www.amwager.com.

For specific questions about AmWager features, contact member services at 1-877-767-4445

About AmWager.com

AmWager.com is operated by AmWest Entertainment, LLC, a diversified simulcast service, technology and account wagering provider that enjoys supportive relationships with racetracks and racing organizations worldwide. Our teams’ continued involvement in Thoroughbred racing and breeding and ongoing commitment to many state, national and international initiatives are major determinants in how the company conducts business, utilizing transparency and best practices. http://www.amwager.com

SOURCE AmWager

CONTACT: Marisa Richardson, 502-292-6570, mrichardson@amwestentertainment.com

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Cryptocurrency

Cryptocurrency hackers swindle $2.5M through online game chat

Niji Ng

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Cryptocurrency hackers swindle $2.5M through online game chat
Photo Source: alg24.net
Reading Time: 1 minute

 

Turkish hackers have stolen $2.47 million worth of cryptocurrencies from unsuspecting users using the chatting platform of an online game.

The crypto exchange found out this novel mode of theft and immediately alerted the police. The police quickly intervened and prevented further damage. The hackers managed to swindle 13 million Turkish lira ($2.47 million).

They used the chatting platform of popular gaming website PlayerUnknown’s Battlegrounds (PUBG), to communicate with each other. PUBG is the fifth ranked in the list of highest selling games in the world.

The police have arrested 24 suspects from various provinces such as Ankara, Istanbul, Bursa, Antalya, Izmir, Edirne, Bolu and Afyonkarahisar.

The police have so far recovered 1.3 million lira ($250,000) in crypto and 54,000 lira ($10,300) in cash from the suspects. The recovered crypto has been returned to the crypto exchange. The police did not reveal the identity of the crypto exchange.

The police released two of the 24 suspects after they completed their legal procedures at the police station. The rest of the suspects went on to an Istanbul Courthouse. Here, the court restrained six of them, releasing the remaining sixteen “on condition of judicial control.”

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Cryptocurrency

BETR bets on ETH

George Miller

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BETR bets on ETH
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Launching multi-currency betting, BETR Founder, Adriaan Brink said, “Today we introduce native ETH betting – a bettor can now bet in either BETR or ETH. If you bet in ETH you will be paid winnings in ETH.  Simple. And it works.  Seamlessly.”

A bettor simply chooses the currency that they wish to bet in. The system is now multi-currency – bets can be stored in any one of the supported currencies and mixed on the bet history and in the underlying smart contracts.

Fundamental to this innovation is the underlying escrow, which is always in BETR.

Once a bettor has chosen a currency, the bet is recorded with a fixed exchange rate which is used to calculate the winnings (if applicable). The bet is laid against the peer-to-peer layer at the BETR amount according to this rate.

From the layer’s perspective this is a BETR bet – layers will always lay in BETR and the underlying escrows will always happen in BETR. Affiliate payouts and any other rev shares will also remain in BETR. The underlying liquidity pool remains in BETR.

The tokenomic effect for BETR of this new technology will be that net losses in other currency betting will require further BETR being used in the system. These will be sourced from treasury reserves and by buying on exchanges. Ultimately this leads to increased liquidity in the BETR system

Brink, commenting on the possible implications of this technological innovation said, “Looking to the future this brings an exciting addition to our platform.  We are working on adding cross-chain crypto currencies such as EOS and LTC to the client and hope to have more news on these soon.

“We are also, as a part of this change, moving to a technical architecture where we will be able to operate across multiple core systems, be it Ethereum, EOS or any other performant crypto currency.

BETR Foundation:
The BETR Foundation was established in 2017 in Estonia, aiming to integrate blockchain technology into sports betting for a decentralized peer-to-peer betting system. Founded by Adriaan Brink and David Vanrenen, BETR is a non-profit organisation which develops sophisticated software solutions for peer-to-peer betting using smart contracts on the blockchain to enable the bet between a layer and bettor.
https://betr.org/

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Cryptocurrency

TruePlay Changes The World of iGaming With Its Blockchain Solution – T3 module

Zoltan Tundik

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Between February 5-7, TruePlay attended one of the most significant events in the iGaming industry – ICE London 2019. TruePlay presented its innovative blockchain solution – a blockchain-based T3 module.

London Conference Week combined three events at Excel: ICE VOX, ICE London, and LAC. With over 33 thousand people from about 153 countries, 8,500 operators representing more than 600 companies at 45,500 sqm of Excel, the massive event brought together gambling companies, operators and suppliers of software and hardware products, affiliates and everyone who is involved with the business of games.

At ICE, the team of TruePlay presented its new blockchain solution T3 module to the game providers. T3 module stands for Transparency, Trust, TruePlay and collects, verifies statistics and publishes it on the blockchain. It guarantees immutability and is designed specifically to make online gambling totally transparent for all parties involved and increase trust and loyalty.

T3 module is a powerful tool that allows to take control of all vulnerabilities in the cycle of interaction between all participants of the internet gambling market and to make it crystal clear. With the help of the system, everyone can easily track players’ entire journey, starting with registration and deposit, ending with a payout of affiliate rewards for leads.

With TruePlay blockchain solution, game providers get simplified reporting for authority, automation of calculations with operators, the trust of the players due to the transparency of the RTP games and no place for piracy. The system is designed in such a way that there is no need for game providers to modify its integration protocol, but complete the installation in a few easy steps.

TruePlay’s solution also adds value to Responsible Gaming. The platform allows to automatically track players who want to be locked at their own will to control gaming addiction and track violations of the rules of a license when exceeding specified limits for a player. For tax payments, audit and accounting for licensees, TruePlay also provides all tools necessary.

One of the first TruePlay’s partners, Fairplay crypto casino, has already implemented T3 module into its game platform and connected a wide list of respectable game providers, including Microgaming, Boongo, iSoftBet, PG Soft, Play’n Go, Playson and Spinomenal. The FairPlay team also visited ICE London and now is working on adding new partners, which will be announced soon.

About

TruePlay is a b2b blockchain-based platform for gaming providers, affiliates, and operators. Creating honesty and transparency in the gambling world, TruePlay provides a unique honesty control system. With a deep blockchain integration, TruePlay allows fast token deposits and withdrawals across multiple casinos eliminating extra commissions.

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