Blockchain Gaming Platform CashBet Raises $38M USD in ICObr>
Gaming platform provider CashBet has raised $38 million in an initial coin offering (ICO) to develop the a crypto-ready mobile iGaming platform.
Participants from over 100 countries took part in the ICO, helping CashBet Coin reach its hard cap of 142,975,000 tokens. Token distribution is currently underway and will continue through the end of June. CashBet Coin’s partners include Arsenal Football Club, Lottery.com, Greentube, and Imperial Play. CashBet Coin is now listed on Bittrex as CBC.
CashBet is a mobile-first iGaming platform provider and turnkey operator. CashBet’s platform backs real-money, social, and skill-based gaming apps and websites worldwide. By integrating CashBet’s software, game developers can legally launch online gambling games without needing to be licensed. With CashBet’s platform, operators gain access to player segmentation, bonusing, campaign management, and other features to enable a profitable iGaming operation from day one.
CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission.
“The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions,” said Mike Reaves, CEO and Co-Founder of CashBet. “We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”
CashBet’s partnership with Arsenal Football Club made Arsenal the world’s first major team in soccer to officially partner with a cryptocurrency. CashBet is Arsenal’s exclusive and official blockchain partner, giving CashBet Coin prominent brand placement via in-stadium advertising at home games in Emirates Stadium.
Novomatic’s Greentube subsidiary will be accepting CashBet Coin as a payment method on its GameTwist social casino platform. Lottery.com will integrate CashBet Coin as a payment methods across its sites and apps, and integrate CashBet’s proprietary iGaming platform to power its social impact raffles.