CoinGaming.io Expands its Bitcoin Gambling Platform Through XIN Gaming Partnership

The UK Gambling Commission will be stepping up its efforts to regulate online gambling, as it issued a warning to bitcoin gaming operators to get the necessary licenses or face penalties. The commission stressed that regulations require gambling websites that offer services in the UK to have a license regardless of the currency it uses. "We wrote to these operators because they were either advertising gambling illegally or illegally offering gambling products to consumers or both," said UKGC CEO Jenny Williams. "The Commission neither prohibits nor encourages bitcoin. We are interested....

Digital currencies integration as a means of payment was one of the most important events in the history of online gambling. Digital currency provides many advantages to the online gambling industry, one of them being able to play online gambling with cryptocurrency, even in countries where gambling is regulated or prohibited. Cryptocurrency is been having an incredible influence the online gambling market and an amazing success in the virtual gambling industry. Gambling was one of the first things to be utilized with digital currencies. The first and most well-known site using bitcoin was....

The concept of digital currency has been in the gaming sector for a while now. If you are used to playing games online or on a mobile phone then you will be familiar with the game coins or special XP points. Whenever you reach a milestone these XP points gets credited, which can be used to buy upgrades. In order to accumulate enough points, you will have to put in a lot of gaming hours. Alternatively, one can buy these achievement points in the form of in-app (or in-game) purchases. In order to make these purchases, one has to pay with fiat currency. There are many online gambling....

Through a partnership with Bitcoin merchant payment processor GoCoin, the U. S. -based gambling website DerbyJackpot.com will now accept Bitcoin for betting on horse races around the country. DerbyJackpot.com becomes the first U. S. -regulated gambling site to accept the digital currency. Bitcoin gambling websites have existed for a long time but have mostly remained in the underground economy or have blocked U. S. customers. DerbyJackpot.com will be the first place American citizens can legally gamble with bitcoin. "Having spent the last 18 months circling the globe educating gaming and....

Online gambling has long been a driving force behind the bitcoin economy, though one that remains both shrouded in secrecy and hampered by a lack of regulatory clarity. However, an attempt to launch one of the first major regulated bitcoin-powered gaming platforms is struggling to alter this narrative, despite backing from a slew of international gambling stars. Breakout Gaming, announced on 16th September, boasts former World Series of Poker champions Johnny Chan and Huck Seed as marketing partners and will be powered by its own decentralized cryptocurrency, breakout coin (BRO). Gaming....