Fortnite, Dota 2, League Of Legends – Unikrn Starts Esports Betting On Gamesbr>
Unikrn, an esports entertainment platform, will begin live betting for esports and gaming contests in its territories this month for crypto and fiat customers.
The company has finalized its Isle of Man license approval to begin crypto-betting on top esports teams and tournaments, as well as activating skill-based betting wherein gamers can bet on their own success in top titles including Fortnite, Dota 2 and League of Legends.
The platform will feature technology from Bittrex, the US digital asset trading platform, to build a system for crypto accessibility for customers of Unikrn’s wagering and gaming platform.
UnikoinGold (UKG), Unikrn’s in-house cryptocurrency, will unlock exclusive benefits for players and bettors and will become the primary crypto token for esports wagering in 80% of Europe and parts of Asia and Latin America.
Unikrn has already built a fully-functional, blockchain-based wagering backend called Unikrn Jet, which can power over 9000 bets per second, and will increase in speed with more widespread 5G mobile network deployments. This first-of-its-kind engine for live and crypto betting is already live for their play token economy and can be immediately rolled out for regulated crypto and fiat betting.
“Unikrn built the most advanced wagering backend in the world, built by incorporating blockchain technologies, and we’re entering a segment of the global games market which exceeds $30 billion,” said Rahul Sood, Unikrn co-founder and CEO, “Equally historic for esports, wagering and blockchain, we’re the first company on the planet to launch with a license including crypto and fiat betting from the Isle of Man, which is home to one of the most respected regulators for gambling.”
UnikoinGold customers will have access to UKG by using a Bittrex transaction engine that allows acquiring UKG with a credit card at Unikrn.com.
“With further development and support, blockchain technology can deliver revolutionary solutions to people and businesses around the world,” said Bittrex CEO Bill Shihara. “We believe in blockchain’s potential, and this use case presents another opportunity to further expand adoption of this innovative technology by combining with the rapidly growing gaming market.”
“This is long in the making,” said Andrew Vouris, Unikrn COO, “You can bet in fiat, crypto, or both, to bet on live markets or pre match for twenty titles and dozens of games a day on titles such as League of Legends, Dota and Fortnite.”
Established in 2014, Unikrn has built extensive crossroads through betting, blockchain, content and experiences.
In 2015, Unikrn raised $10M in venture finance from Ashton Kutcher, Elisabeth Murdoch, Guy Oseary, Mark Cuban, Shari Redstone, Binary, Hyperspeed, Indicator Ventures, and Tabcorp. Their UnikoinGold Crypto Token which was backed by Alphabit, Blockchain Capital, CoinCircle, ConsenSys, DCG, Pantera and launched as the biggest gaming and esports token to date.
However, the company is facing a class-action lawsuit regarding its tokens, which one disgruntled user has claimed were sold as an unregulated security. The company declined to comment on the pending litigation.