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Tomas Draksas (Edgeless) to join the Innovation Talks – Evolution of technology vs Gambling Regulators panel discussion at CEEGC2018

Zoltan Tundik

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Budapest – 21 August 2018 – Over the last twelve months or so, the whole world has woken up to the phenomenon of cryptocurrency. Bitcoin’s sudden and dramatic increases or decreases in value have been in the headlines everywhere, but we must not forget that the blockchain technology behind it is the most interesting aspect for many.

As often quoted, blockchain would seem to be a perfect solution for the gambling industry in general and online gambling in particular. Especially since many millions of transactions carried out between players and gambling sites each day – both in terms of stakes being laid down and winnings being collected. If these can be made quickly and directly without the need for an intermediary such as a bank or a credit card company being involved, it would be good for both parties.

If we take a look at the player, the anonymity of the exchange, not to mention the speed, are both very appealing features. Plus, the low (and sometimes non-existent) fee is obviously good news for the online casino, which may be paying up to 5% to carry out some transactions, allowing it to plough more money into marketing, new games, or better jackpots.

We must also mention that the blockchain is such a secure method of payment is obviously very important at a time when data breaches and other security issues are very much on the increase. Due to its decentralised attributes, it makes it virtually impossible to alter any data – offering a protection against online fraud.

But where does this leave the regulator, who has to ensure the protection of the player and also contribute to the state’s budgets when it comes to a regulated market. Based on our data, nowhere. The regulators and legislators can’t keep up with it and this leaves a serious gap in the regulation of certain market when it comes to crypto gambling.

Cryptocurrency only appeals to a select few gambling operators. At the moment, the potential consequences of flouting money laundering regulations vastly outweigh the nice-to-have benefits of greater efficiency and security.

We are honored to announce Tomas Draksas is the Co-founder of Edgeless, as the latest speaker who will join the “Innovation Talks – Evolution of technology vs Gambling Regulators” panel discussion and share the insights of this new way of gambling.

Tomas Draksas is the Co-founder of Edgeless, Professional Poker Player & Gambler, who has been recently making waves in the crypto gambling industry. He will join Joakim Renman (Scout Gaming Group), Adriaan Brink (BetterBetting) and Domenico Mazzola (Altenar) in the panel discussion moderated by Dr. Joseph Borg (WH Partners)

About Tomas Draksas

In 2008 – 2013, online poker was on the rise and a lot of new players were jumping into the game. At that time, Tomas decided to study the math of probability and poker. Later on, his direction changed to investing, cryptocurrency and digital marketing. He is the CEO of a conversion rate design company (Convi Design) which provides solutions to start-ups in the field of conversion rates and sales funnels. Additionally, he is investing into other start-ups. Right now Tomas is a Co-founder of Edgeless.io first fully transparent decentralised Ethereum casino.

Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gathers C-level executives yearly in one of Europe’s most visited city. Register here!

You can browse the full agenda and already confirmed speaker list on the following link.

Quotes about CEEGC Budapest from attending delegates

Rafal Nowak – iGaming Sales Director at Mobiyo

“A week after the Budapest Gaming CEE conferences, I’m still discussing the topics brought up there with fellow delegates. Thank you Zoltan Tundik for organizing an informative an well shaped event on this, often underestimated iGaming territory and good luck with the next one!”

Roy Pedersen – CEO & Chief Editor at All In Translations

“For All-in Translations’ 10 Year Anniversary Tour we decided to attend more smaller conferences. Zoltan and Betty are much of the reason for this. They have a unique way of giving a personal touch to the events they organise while at the same time keeping them highly relevant. CEEGC Budapest was another great example where we felt truly welcome, and at the same time it was great for business.”

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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Americas Cardroom Will Send $1 Million via Bitcoin to $5 Million Venom Winner

George Miller

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Americas Cardroom Will Send $1 Million via Bitcoin to $5 Million Venom Winner
Reading Time: 2 minutes

 

Americas Cardroom announced that they will send what they believe to be the largest crypto payment in history for an online gaming site. With the $5 Million Venom tourney on it’s way since July 14th, the US-facing online poker site is promising to send the winner their $1 millionpayment by Bitcoin, minutes after the final hand.

“We’ve made cryptocurrency a key part of our business for the last four years and now we’re going to make a seven-figure payment,” stated Americas Cardroom spokesperson Michael Harris. “No other payment method lets players get paid faster and we’re putting our faith in Bitcoin with this large-scale transaction.”

The $5 Million Venom has three Day 1’s and the final table will be played on Wednesday, July 24th. It features a staggering $5 Million guaranteed prize pool and first place gets at least $1 million, making it the biggest tourney in ACR history and the biggest ever by a US-facing site.

The $5 Million Venom winner will receive their $1 Million via Bitcoin mere minutes after the final hand is played — all in one shot. No other gaming site has sent a crypto payout so large, and Americas Cardroom is pleased to make history.

The US-facing site first began accepting Bitcoin in 2015. At the time, the popular cryptocurrency accounted for approximately 2% of all business. Today, players can play and get paid in over 60 different cryptos, including Bitcoin. Cryptocurrency now accounts for over 60% of Americas Cardroom’s business.

While the 60% is large, the number comes as no surprise. Online gaming sites have faced challenges with payment processing due to varying regulations around the world. Cryptocurrency offers players the chance to deposit and withdraw quickly and securely and is quickly becoming the preferred player option.

For more information on the $5 Million Venom and Cryptocurrency deposits, visit AmericasCardroom.eu.

 

About Americas Cardroom:
Americas Cardroom joined the Winning Poker Network in 2011. The Winning Poker Network has one of the longest and trusted online names in the industry and has been in existence since 2001. Americas Cardroom accepts players from the US market and the rest of the world. Rated first place for payment processing and cashout reliability repeatedly over the last few years, Americas Cardroom offers outstanding customer service and a friendly environment for all poker players around the world.

 

Source: Americas Cardroom

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Infographic: Crypto Thefts and Trends That Will Blow Your Mind

George Miller

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Infographic: Crypto Thefts and Trends That Will Blow Your Mind
Reading Time: 1 minute

 

As it turns out, too much freedom is not a good thing, or so the misuse of Bitcoin and other cryptocurrencies now shows. Brush aside the fact that hackers lurk at every corner of the Internet and you are left with even more startling facts Criminals have been happy to use the anonymity of cryptocurrencies to trade arms, traffic humans, launder money, and more.

For better or for worse, cryptocurrencies today are a conduit of illicit activity, and a lot of government oversight is required to uproot the bad practices that have become the norm. While lawmakers are hard at work to figure out the right legal framework for cryptocurrencies, here are some of the most mind-blowing thefts in the crypto world to read up on:

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Ofertas365 Launches Crypto Millions Lotto

Niji Narayan

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Ofertas365 Launches Crypto Millions Lotto
Reading Time: 2 minutes

 

Ofertas365 Limited has launched Crypto Millions Lotto, the world’s largest online crypto lottery. Crypto Millions Lotto provides a unique opportunity to play with Bitcoin and win Bitcoin as prizes. Customers will receive three free lines as an introductory offer. The jackpot starts at a whopping US$30 million and rolls over until it is won.

Crypto Millions Lotto effectively bypasses the qualifying requirements of residency and any need to participate in local currency, which are common playing conditions of many existing lotteries around the world. Key to Bitcoin’s appeal is the payment freedom it provides, whereby it can be sent and received anywhere in the world, any time.

One of the most significant features is the major step it represents in bringing the world’s most widely used alternative currency further into the mainstream.

“We are delighted to launch Crypto Millions Lotto and believe that giving away three chances to win prizes worth tens of millions of dollars will encourage Bitcoin usage and adoption. Our affiliation with two top notch fiat-to-crypto exchanges – Coinbase and Wirex – will ensure new players get the best possible user experience, the cheapest fees and the most competitive fiat-to-Bitcoin conversion rates,” Sulim Malook, CEO at Ofertas365 said.

For Bitcoin holders, starting to play for the coveted US$30 million jackpot is quick and easy. For those who need to buy Bitcoin, they are directed to market leading affiliate partners – Coinbase and Wirex.

“In common with our partners Ofertas365, Wirex also know about delivering a unique service. As the world’s only licensed business account that allows payments in both crypto and traditional currency, we are pleased to provide our service to Crypto Millions Lotto. Our UK Financial Conduct Authority approval will provide the financial security that players require. Wirex delivers unbeatable value, flexibility and transaction speed combining the efficiency of cryptocurrency payments with the universal acceptance of traditional fiat currency accounts, on a global scale,” Pavel Matveev, CEO of Wirex said.

These capabilities make a perfect match, as Ofertas365 is licensed to operate in more than 100 countries which include anywhere online gambling is not prohibited.

“We believe our lotteries and games will provide a great deal of enjoyment because it’s much more fun to win Bitcoin than fiat currency! We welcome further collaborations and partnerships that will expand and guarantee our offering,” Sulim Malook added.

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