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Poker Star Mike McDonald Goes All in at Bybit-Powered WSOT

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Poker players who cross over to cryptocurrency trading are seeing astounding success out of the gate — for example, a trading team comprised of poker players and captained by poker star Mike McDonald placed in the top three in the recently concluded World Series of Trading (WSOT). A total overlay prize pool of $1.27 million in cryptocurrency was paid out to the winners of the inaugural edition of the global crypto trading competition powered by Bybit, in which 135 teams and 12,368 participants joined from around the world.

Poker star McDonald  commented, “A lot of poker players are good at making financial decisions while limiting the role that emotion plays — that would be one of the skills that transfers particularly well to trading. There will be times when crypto prices will hit the roof or post massive dips. Do you follow the herd or stick to your own strategy? Just like in poker, the choice is yours. Jump tables or stick to yours and play the game skillfully.”

Poker is a game that tends to reward strategic thinking, mental endurance and emotional resilience — traits that happen to work equally well for crypto trading. Practiced with discipline, these traits can very well generate desirable results in both fields. Here are some of the common traits of winning poker players and profitable crypto traders:

  • Make +EV Decisions: Trading strategy deals with risk/reward ratio, similar to how poker players make expected value calculations for each hand when they consider whether to bet, check, call, raise or fold.
  • Don’t Go on Tilt: The calm and imperturbable demeanor synonymous with poker players tends to help them during volatility, when they are able to think and trade without giving in to impulses.
  • Hand Selection: In poker, just like in crypto trading, you can’t play your cards randomly. You have to understand the situation, process the chances of winning, and decide whether you want to fold or play further. Read the charts like you would interpret the body language of your opponent, and plan your next steps based on what is favorable to you.
  • Bankroll Management: Even the best poker player or crypto trader can go through a lean spell. Knowing how to manage the money in your account is essential, to ensure that you always have funds available to trade effectively.

Bybit CEO Ben Zhou noted, “If you’re a beginner in crypto trading, the gurus will advise you to research thoroughly about the types of crypto assets, not putting all your eggs in one basket, and trading per your risk appetite and bankroll management needs. It’s similar to how a beginner in poker would typically study the game: up skill, start with low-level stakes and take calculated risks while devising strategies that suit them best. Similarly, we have been putting a lot of our energy into educational content where we show our clients how to properly manage risks and perform technical analysis.”

The WSOT is a major global trading competition powered by Bybit, one of the fastest growing cryptocurrency derivatives exchanges, with more than a million registered users. The global event is open to traders worldwide where Bybit’s platform is available. The ranking system of WSOT is based on the profit/loss ratio, regardless of trading volume, thus paving a level playing field for all participants. The next edition of WSOT is expected in 2021.

About Mike McDonald:

Mike McDonald (born Sep 11, 1989) is a star poker player. McDonald is the youngest person to win an event on the European Poker Tour (EPT) and the youngest person to win an event on the Epic Poker League (EPL).

Mike is now involved with Betshares/PokerShares, facilitating novelty bets on many niche products including WSOT. He has been involved in Bitcoin since 2014.

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Cryptocurrency

CryptoSlots Doubles the Fun with the Launch of The Line x2 Mega Matrix Slot

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The highly anticipated sequel to the minimalist hit slot, The Line, features explosive new bonus features and a massive 32,000x max win

CryptoSlots.com, a premier online crypto casino, launches its electrifying two-payline Mega Matrix slot, The Line x2. This vibrant sequel builds upon the sleek, minimalist foundation of its popular predecessor, The Line, by adding a second payline and supercharging play with new bonus features.

To celebrate the launch CryptoSlots is offering all players an exclusive deposit bonus. From September 24-30, players can get up to a 90% Match Bonus on deposits as little as $10.

Set against a futuristic retro neon aesthetic, The Line x2 immerses players in a cyberpunk, synthwave world. The game masterfully blends classic fruit slot symbols—like glowing cherries and electric strawberries—with a modern, high-voltage theme. Designed for seamless play on any device, it is fully optimized for mobile gameplay, including a specially designed portrait mode.

“The original The Line was a massive hit for its clean design and engaging mechanics. With The Line x2, we’ve listened to our players and amplified everything they loved,” said Michael Hilary, Manager of CryptoSlots. “We’ve added a line, packed it with powerful new features, and wrapped it all in a visually stunning neon package. It’s a perfect fusion of classic slot charm and futuristic excitement.”

The Line x 2 Highlights:

  • Bet Range: Accessible to all players, with bets from $0.10 to $50.
  • Dual Paylines: Wins are paid anywhere on the two reels, offering more frequent winning combinations.
  • Expanding Double Wilds: Wild symbols can expand to cover entire reels, doubling their power to create huge wins.
  • Clone Wilds: This Wild doesn’t just substitute for other symbols—they replicate. When one lands, it transforms the surrounding symbols into additional Wilds, creating a chain reaction of winning potential.
  • ‘Pick Me’ Bonus Round: Land 3 or 4 PICK ME scatters to trigger an instant prize round with 1 or 2 picks, awarding instant coin prizes.
  • Massive Max Win: Players have the chance to win up to an incredible 32,000x their wager.

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The post CryptoSlots Doubles the Fun with the Launch of The Line x2 Mega Matrix Slot appeared first on European Gaming Industry News.

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BC.GAME Launches Tap Trading

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BC.GAME announced the launch of Tap Trading (a touch-to-payout multiplier game) on its platform. At launch, Tap Trading will support multiple mainstream crypto pairs, including ETH/USDT, SOL/USDT and STONKS/USDT. Users can access the product in the Web/App “Crypto Futures” section.

BC.GAME already offers a diversified product lineup spanning casino, sports and market mini-games—including UP DOWN, HIGH LOW and HIGH LOW SPREAD. The addition of Tap Trading further expands BC.GAME’s market-interaction experiences, allowing users to engage with highly liquid crypto assets through a simple, convenient price-touch mechanic.

Unlike traditional derivatives, Tap Trading makes potential return and loss visible before order placement. Users tap a green target block on the right-hand grid to place an order; each block displays its multiplier and time window. If the price curve touches the selected block before the timer expires, settlement is made by that block’s multiplier (total return = stake × multiplier). If the target is not touched, the stake is lost. This design significantly simplifies operation and outcome determination, enabling users to express views not only on direction, but also on magnitude and time.

Jack, CEO of BC.GAME, said: “Adding Tap Trading to our platform fills a gap in lightweight market-interaction gameplay and reflects users’ demand for a simple, direct way to participate in crypto markets. Whether you’re market-savvy or trying this for the first time, Tap Trading offers a clearer experience with visible parameters and well-defined boundaries.”

Jack added: “Combining such an intuitive mechanic with our ongoing work on real-time pricing and product polish marks another important step forward for BC.GAME’s crypto entertainment offering.”

The post BC.GAME Launches Tap Trading appeared first on European Gaming Industry News.

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Underdog and Crypto.com | Derivatives North America Announce First Prediction Market Exchange Offered on Major Sports Gaming Operator App

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Underdog, the fastest-growing sports company in the US, and Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com, announced that sports event contracts will be accessible to customers through Underdog. CDNA sports event contracts will be powered by Underdog’s technology. This partnership offers American sports fans a secure, federally compliant way to access CDNA sports event contracts and make predictions on the outcomes of their favorite sports events, all within the Underdog app.

“Prediction markets are one of the most exciting developments we’ve seen in a long time. While still new and evolving, one thing is clear – the future of prediction markets is going to be about sports – and no one does sports better than Underdog,” said Underdog founder and CEO, Jeremy Levine.

With this launch, customers can express and trade their opinions on sports events contracts across all major sports leagues, including NFL, college football, NBA, MLB, and more. Prices update in real-time, allowing customers to react instantly and express their opinions on what’s going to happen on the field or court.

“We are thrilled to partner with Underdog to enhance the sports experience for customers nationwide with the ability to now trade using Underdog’s technology – all in one app. We were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings,” said Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com.

As the only company built on its own proprietary technology across fantasy sports and sports betting regulatory frameworks, Underdog is now the only company offering fantasy sports, sportsbook, and prediction markets in one seamless app.

Underdog has gaming licenses in states across the country and has built industry-leading responsible gaming operations, with sophisticated customer protections ingrained into every facet of its platform. Underdog will bring that same level of customer protection and care to prediction market offerings.

The post Underdog and Crypto.com | Derivatives North America Announce First Prediction Market Exchange Offered on Major Sports Gaming Operator App appeared first on Gaming and Gambling Industry in the Americas.

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