Cryptocurrency

The Crown League launches nation’s first professional fantasy football league owned by the public, managed by experts and run entirely on blockchain technology

Published

6 years ago

August 14, 2018

Reading Time: 3 minutes

TODAY IS THE FIRST OPPORTUNITY TO PURCHASE AN INVESTMENT STAKE IN THE LEAGUE THROUGH NEW SECURITY TOKENS THAT WILL POWER ITS UNPRECEDENTED OWNERSHIP EXPERIENCE

Investors and Fans Can Learn More About the Platform at TheCrownLeague.com

NEW YORK, Aug. 14, 2018 – The Crown League – the first professional fantasy football league owned by the public, managed by experts and run entirely on blockchain technology – has announced its first token offering for the new sports paradigm that blurs the line between gaming and investing, fans and owners. The announcement was made by Founder and Chief Executive Officer Dan Nissanoff.

The Crown League is launching the presale of its league security tokens – the Crown League token (CRL) – in a Reg D SAFT offering to accredited investors and a Reg S SAFT Offering to international investors. This is expected to be followed by an offering in which the franchises’ security tokens will be sold to the public. The offering is being led by Americas Executions, LLC, “AmerX,” a FINRA regulated investment bank.

The Crown League Inaugural Draft is scheduled for the summer of 2019 followed by the launch of its inaugural season in September 2019. Specific franchise markets, general manager appointments and other details are planned to be announced this fall.

Investors can visit TheCrownLeague.com for more details on The Crown League, this initial pre-sale offering and informational videos on how the league will operate.

FOUNDERS, EXECUTIVE TEAM AND ADVISORS

“The Crown League will fundamentally change the way fans invest their passion as well as their financial resources as owners of this league or the franchises,” said Nissanoff. “My co-founders, Derek Siskin and Mat Sposta, and I, as well as our entire executive team and Board of Advisors, are incredibly proud of the work that has been done up to this point to ensure The Crown League’s success.”

The Crown League’s executive ranks and Board of Advisors are filled with respected and successful individuals from across the tech, finance, gaming and sports industries. The list of executive team members and advisors can be accessed via thecrownleague.com/our-founders/.

HOW THE CROWN LEAGUE WORKS

The Crown League’s structure and operations will be similar to those of our nation’s iconic sports enterprises with a league collectively owned by its franchises, professional management, and a dynasty structure to develop deep player rosters over time. The league intends to launch with twelve inaugural franchises representing key geographical markets throughout the United States.

Each franchise will be led by a seasoned, high-profile GM who together with a dynamic front-office staff, will be responsible for the day-to-day operations of their teams. These teams will be constructed at a live inaugural draft to build legacy franchises – with all subsequent drafts restricted to incoming rookies and free agents. Franchises within The Crown League will be fractionally-owned by large communities of individuals who will collectively govern their teams as well as share in their profits and value appreciation.

While GMs will be responsible for their team’s decision-making, they’ll ultimately be accountable to their owners who will collaborate to influence strategy and vote together on pivotal matters pertaining to their team, including the retention or replacement of their GMs.

TOKENOMICS AND REVENUE GENERATION

Financial interests in both the league and franchises will be represented by securitized, digital tokens that feature profit-sharing rights. It is anticipated that these tokens will be listed and traded on regulated ATS exchanges.

Franchises will compete each season for their share of a pre-designated allocation of the league’s tokens, and receive distributions based on several factors including winning weekly matchups, achieving predefined statistical benchmarks, and how they place at the end of each season.

Each year, teams will transfer a portion of their earnings to their owners in a dividend-like distribution, enabling them to receive their share of any profits generated from traditional sports revenue streams including sponsorships, advertising, merchandising, licensing, event ticket sales, and more. The better a franchise performs, the more league tokens it will earn. The more league tokens it earns, the larger the distribution to its owners as they receive a greater share of the league profits.

For more information on The Crown League, go to TheCrownLeague.com

Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

5 days ago

April 22, 2024

George Miller

Payhound empowers LSports with a seamless solution to receive payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

3 months ago

February 7, 2024

George Miller

Reading Time: 2 minutes

Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year.

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013.

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature.

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

Published

3 months ago

January 24, 2024

Hunor Pal

Reading Time: 2 minutes

The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

Online Gambling Expansion
Smartphone Proliferation
Innovative Casino Products
Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

A selection of companies mentioned in this report includes