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Amelco launches FinXpress

George Miller

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Amelco launches FinXpress
Reading Time: 2 minutes

 

Innovative product to enable punters to bet on short-term movements of bitcoin

 

Amelco, the leading sports betting software and trading services provider, has announced the launch of a one-of-kind Bitcoin betting product that allows punters to bet on the short-term fluctuations of the cryptocurrency over a set time period, such as a minute.

Operable as an extension to Amelco’s singular platform used by sportsbooks, it has been created to complement existing betting features – such as a lull during half-time of a football match, where punters will be able to make quick bets on the movement of bitcoin as it fluctuates over a short time scale.

Designed to be integrated into the existing Amelco Trading System (ATS) already used extensively by major sportsbook operators, it is set to offer an entertaining, side-betting option as part of a main event, or for a quick, enjoyable ‘gamified’ betting experience in its own right – with the chance to enjoy a quick win at any time.

Commenting on the launch, Amelco’s Head of Global Financial Products, Justin Head, said:

“We are very excited to be launching FinXpress, an entirely new type of side-bet that will keep punters entertained during betting lulls.

“Compulsive viewing and engaging, it is user-friendly and has no hidden extras – simply offering broker-free betting fun on the volatility of cryptocurrency.

“The best part is that Bitcoin never sleeps, so punters can have a simple, affordable bet whenever they fancy, with the chance to know if they’ve won in as short as minute.”                                                                                                            

Available as part of Amelco’s existing platform and designed to be as easy to use as possible – it will be expanded to also offer short-term bets on other financial indices, such as currency, oil and gold in the near future, introducing punters to a completely new way to bet on the financial markets in the most engaging way possible.

With more than a decade of experience in supplying tailored software solutions for pricing, trading and execution, Amelco provides bespoke enterprise sports betting and trading platforms to a large number of leading sportsbooks around the world.

 

About Amelco:

Founded in 2006 by veterans of the global financial sector, Amelco builds bespoke trading and sportsbook solutions for the sportsbook industry’s tier-1 operators.

Headquartered in the City of London, Amelco utilises the best technical talent available to supply some of the most cutting edge modular and end to end solutions ever seen in the industry. Born out of a history of building software solutions for pricing, trading and execution platforms in the fintech sphere, Amelco is the supplier of choice for a number of the industry’s tier-one multi-territory tier-one operators, including Paddy Power Betfair, GVC and BetStars.

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Cryptocurrency

Sportsbet.io lands headline Watford F.C. shirt sponsorship

George Miller

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Sportsbet.io lands headline Watford F.C. shirt sponsorship
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Disruptive sports betting brand Sportsbet.io has agreed a deal to become the Main Club Partner of Premier League team Watford F.C. after securing a landmark agreement with the 2019 FA Cup finalists.

The deal, the likes of which have never been seen before in the cryptocurrency sportsbook world, will see the Sportsbet.io’s logo appear on the front of Watford shirts for the next three years.

Sportsbet.io branding will also feature at Watford’s home ground of Vicarage Road from the start of the new Premier League season, which kicks off on August 10 against Brighton and Hove Albion.

The announcement comes as Sportsbet.io recently celebrated its third birthday, and marks a major step up in its marketing activity. Earlier this month, Sportsbet.io sponsored the CONIFA European Football Cup, which was won in dramatic fashion by South Ossetia.

A video created by the leading online sportsbook called ‘Know No Borders’ has been released celebrating the partnership, Sportsbet.io has also kicked off the first special promo to celebrate the big news.

Justin Le Brocque, Head of Sportsbook Marketing at Sportsbet.io, said: “The Premier League is the most watched sports league in the world, so we are absolutely delighted to announce a major sponsorship deal with one of its most celebrated teams.

“Like Watford, Sportsbet.io knows no borders in its efforts to bring fun, fast and fair entertainment and excellence to a truly global audience. We are both looking to disrupt more established competitors and need to be creative in the way we approach this challenge.

“We share the club’s desire to combine passion and innovation to reach the top, and we look forward to doing everything we can to support Watford next season and beyond.”

Spencer Field, Global Strategy & Partnerships Director of Watford FC, said “This is an important year for the club as we aim to improve on a fantastic season both on and off the pitch in 2018/19.

“Our desire to increase our global reach while continuing to make our fans proud by doing things differently in the Watford way is fully supported by Sportsbet.io. We are thrilled to have found a partner that matches our ethos by looking to disrupt the betting industry and offer their customers a fun, fast and fair experience.”

The partnership, the largest in Watford’s history, will see Sportsbet.io’s branding across Watford FC’s home, away and goalkeeping shirts, as well as training kit for both men’s and ladies’ team.

This historic deal was negotiated and concluded by Samson Sport Consultancy and Kalus Kenny Intelex.

Operated by the Coingaming Group, Sportsbet.io has quickly established itself as one of the most disruptive sports betting brands in the world, offering players a world-class experience and the ability to bet on sports with both traditional local currencies and cryptocurrencies.

Watford F.C. enjoyed a successful 2018/19 under manager Javi Gracia, finishing 11th in the league and reaching the final of the FA Cup.

 

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Compliance Updates

Israeli Supreme Court Passes Landmark Verdict on Crypto Exchanges

Niji Narayan

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Israeli Supreme Court Passes Landmark Verdict on Crypto Exchanges
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The Supreme Court of Israel has ruled that Leumi Bank cannot freeze the cryptocurrency exchange Bits of Gold’s account because of regulatory concerns.

The bank, in spite of the court ruling , still maintains its stance against dealing with the exchange. However, the ruling sets precedent for Israeli cryptocurrency firms to legally use traditional banking services in the region.

This history of the landmark goes like this:

In 2017, the Israeli Supreme Court previously ruled in favor of Leumi in a separate case against Bits of Gold, in which the bank restricted the exchange’s account on the grounds that bitcoin (BTC) transactions could not comply with the country’s anti-money laundering (AML) laws.

In 2018, however, the Israeli Supreme Court ruled that Leumi Bank could not block account transactions on the grounds that they went to BTC exchanges, purportedly “websites that execute gambling transactions.” Further, Judge Anat Baron issued a court order temporarily barring Leumi from blocking Bits of Gold’s bank account.

Judge Baron commented that since there was no indication of any AML violations over five years of exchange transactions, there are not any grounds to continue blocking Bits of Gold’s account. Baron noted, however, that the decision to issue the court order did not prevent the bank from scrutinizing the exchange’s behavior or complying with their risk management policy.

In March 2019, the Israeli Securities Authority issued its final recommendations for cryptocurrency regulations. The report includes several ideas for how to support the cryptocurrency space in the country, including the establishment of a regulatory sandbox.

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Cryptocurrency

Quanta Expands Its Payment Gateway and Increase Accessibility For Game Players

George Miller

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Quanta Expands Its Payment Gateway and Increase Accessibility For Game Players
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Quanta Technology the world’s first licensed blockchain lottery operator is excited and delighted to announce that it has introduced additional crypto currencies, QNTU and Bitcoin, as an acceptable payment to buy Quanta Game Tokens (QGT). Previously Ethereum was the only currency available to buy QGT, the in-game token in Quanta’s private blockchain environment.

With the latest Payment Gateway development, players can now use QNTU and Bitcoin on top of Ethereum. This gives players more payment options and extending the base to include those who currently only use Bitcoin, as well as increase the usage of QNTU, increasing the number of active players.

Alongside this new development, every player will now be able to withdraw their winnings back in the same currency they used to deposit in. Meaning if a player used Bitcoin to buy QGT, this will be the currency players receive by converting it back.

“This accomplishment is a significant milestone for Quanta, and align with our mission to leverage the gaming industry in the blockchain era,” said Kostas Farris, Acting CEO and Director of Quanta. “As we progress to increase the variety of acceptable currencies through our payment gateway, stakeholders in the gaming industry will see the benefits of utilizing our revolutionary blockchain technology as a part of their business and create a single trusted and transparent platform for players.”

Quanta currently runs a weekly prize draw, the ‘Quanta Prize Draw’ (www.myquanta.im), which is regulated by the Isle of Man Gambling Supervision Commission and has a range of prizes and a potential jackpot. In fact, one lucky winner in the Isle of Man has very recently scooped the top prize. Look out for news about our latest Jackpot win on Facebook and Telegram.

Quanta is also the major shareholder of Naija Lottery which is currently one of the biggest game operators in Nigeria.

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