Blockchain Casino Technology Provider FunFair Obtains Isle Of Man Token-Based Supplier License

Blockchain, News, Regulation | September 13, 2019 By:

Decentralised B2B casino platform FunFair Technologies has been accepted for Isle of Man’s Tier One Token Supplier license.

FunFair is a B2B blockchain casino platform provider that aims to revolutionize the online casino industry. Its offering extends to operators and whitelabels alike; with two brands live and another in development. The company’s mission is to provide the ultimate blockchain casino platform that will enbale consumers to experience world class games that are fairer, safer, more efficient and more user friendly.

The Token Based Supplier license from the Isle of Man will enable FunFair to operate within the framework of a tier one gaming jurisdiction, ensuring full compliance with its regulations and further safeguarding FunFair-powered casino customers and end users. It will also enable FunFair to drive home the huge benefits of blockchain and the FunFair platform to igaming companies through their whitelabel and operator licensed offering.

“We’re incredibly proud and excited to have been approved for a license from a tier one gaming jurisdiction,” said Stefan Kovach, CCO at FunFair Technologies. “Not only does this legitimise FunFair’s blockchain gaming ecosystem but it also keeps us right there as a leader at the forefront of regulated, decentralised technology and token-based gambling.”

As part of the licensure process, FunFair said that it has established FunFair Holdings (IOM) Ltd to work closely with regulatory bodies and other licensed organizations based out of the dependency.

“Digital Isle of Man is delighted to welcome FunFair to the Isle of Man as the first operator to obtain a token-based software supplier licence in our jurisdiction,” said Lyle Wraxall, CEO of Digital Isle of Man. “The agency is continually working to develop the Island’s digital sectors and what makes this license so exciting for us is that it links two of our key sectors; eGaming and Blockchain. As an addition to our cluster of digital stakeholders, FunFair will offer opportunity for existing Isle of Man operators to take on new products as a result of the license.”