Regulated Cryptocurrency Betting Just Got a Big Boost in Europe
Cryptocurrency gambling is opening up across a large swathe of Europe, as Malta licenses eSports platform Unikrn.
Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.
The Unikrn esports platform is partnering with ZED RUN to bring horse betting to the ethereum blockchain.
Peirce disagrees with the SEC finding on Unikrn and warns imposing a $6.1 million penalty will have a chilling effect on innovation.
Bittrex CEO Bill Shihara will help guide the crypto eSports betting platform as it works to improve the security and adoption of its crypto token.
Unikrn, an e-sports betting site, has raised roughly $31 million in an initial coin offering, or ICO.