• Coingaming Launches Bitcoin Online Sportsbook Software

    05 August 2015

    Content

    When bitcoin started becoming popular a couple of years ago, one of the things that people naturally gravitated to was the idea that it could be used to fund online gambling accounts. The anonymous aspect of the transactions made it really easy to see some advantages of this. Coingaming was a software company that jumped at this opportunity and started created software solutions for operating online gambling sites based around bitcoin. They've recently come out with an online sportsbook solution as well.

    How This Platform Works

    The way the new platform works is that it has more than 10,000 betting markets available. This is on par with some of the top online sportsbooks running today, but it's important to note that each operator would not have to run every single market if they didn't want to. Chances are that they all will. This platform can be accessed via mobile as well, and that's extremely important in capturing a somewhat younger audience that tends to bet on more fashionable contests like mixed-martial arts.

    Past Issues With Bitcoin

    One of the issues that we've see with bitcoin in the past is that it has to be handled in a certain way for it to be considered safe. Coingaming addresses these issues with the proper security channels in the software they produce, and that's something that's made them stand out in a major way compared to their competitors. Since their products are created for sites that only want to accept bitcoin as payment, this is a critical piece of the puzzle for most operators.

    Decreased Volatility

    In the past, a major problem with funding your online gambling account with bitcoin was the simple fact that it was often a bigger gamble to leave the bitcoin sitting in your account balance than to play the games with it. The value of bitcoin was fluctuating wildly for a while, but now that it has settled down, it's a good time to get in on the action with software platforms like what Coingaming is releasing for sports betting on August 8. This coincides with the beginning of the English Premiership football season, and that timing is definitely not an accident. They're leveraging everything they can to make this release a big deal in the industry.

    Related News

    • 09 January 2019

      United Kingdom License Awarded to Red Rake Gaming

      A license in the United Kingdom is one of the most important things that a casino software company can have. They are known for being one of the strictest jurisdictions out there, and they hold developers and operators accountable on a level like virtually no other. This is why it's such a big deal that Red Rake Gaming has received their license to operated in the UK. Batches of Games

      Read full article
    • 30 December 2018

      Gambling Taxes in Italy See Big Jump, Playtech's Earnings Fall

      The taxes that gambling operators and software companies have to pay in a given jurisdiction are one of its biggest expenses. This means that even a relatively small shift in those rates can cause some major changes in what can be expected for business. This has recently been the case in Italy where their Senate has been working on a proposed budget for the following fiscal year, and this budget includes some unexpected increases to the taxes on gambling businesses.

      Read full article
    • 23 December 2018

      Spanish License Application in for Gaming Innovation Group

      Gaming Innovation Group has announced their application for a license to operate in Spain. They're looking to make an entrance into the Spanish market in 2019 with this application, and there's very little doubt that it will be granted. This is a pretty significant move for the company as they expand and get their offering in front of new players. About the Spanish Market

      Read full article