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Find a Betting Pool on Chipz Platform to Satisfy Your Thrill for Gambling

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If you randomly pick any betting platform right now, chances are, you won’t stick with it for too long. Well, it’s not just you. Statistics show that gamblers hold more than 3 accounts on different betting platforms.

Here’s why. There is no single betting site that provides a full user experience. Well, until now. The recent launch of the Chipz betting platform — a decentralized web-based gambling platform — will give gamblers a one-of-a-kind, betting experience.

If you wish to join in on the fun, we’re going to share with you how to register as a bettor in the Chipz betting pools.

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Participating in Chipz Platform

Chipz lets users in its ecosystem participate as bookmakers or as bettors/gamblers. The users must have CHPZ, an ERC-20 token that guarantees payment of fees and betting amount within the platform. CHPZ is the only currency accepted on the platform; hence, users must link their non-custodial ETH wallets to their Chipz account during the onboarding process.

There are advantages to participating as both a bookmaker or a gambler on Chipz. As a bookmaker, you can create a betting room and earn fees once the events have concluded.

As a gambler, Chipz allows you to bet inside the betting pool created by other users. What’s more, to help users make better betting decisions, Chipz rates bookmakers according to how previous participants have ranked them.

Even better, Chipz users can capitalize on the upcoming launch of the secret NFT presale that will gift lucky winners with 5k worth of NFT to use on the chipz.drive.

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Types of Bookmakers According to Rank

Chipz lets users rank how bookmakers dealt with them, how chatrooms were moderated and how bookmakers set their fees as they participated in events. The 5-star ranking system is facilitated by a quick survey after each event.

Before picking a betting room, gamblers can assess the characteristics of each room based on the bookmaker’s ranking. Here are the 3 types of bookmakers on the Chipz platform.

Ranked Bookmaker

  • A host of 1 betting event.
  • Ranked by users.
  • Gives a disclaimer stating that it is not verified.
  • Users are warned that there is a risk associated with betting in this room.

Unranked Bookmaker

  • Never hosted a single betting event.
  • Has not been ranked by users.
  • Users agree to a waiver and recuse Chipz of any loss of funds in rooms hosted by an unranked bookmaker.

Verified Bookmaker

  •  Must have hosted more than 20 betting events.
  • Has a 4/5 star ranking.
  • Low-risk warning.

Joining Chipz as a Gambler

There’s so much to be enjoyed on Chipz that you wouldn’t want to miss out on as a gambler. To join the platform, simply follow the steps as provided below:

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Step 1: Register your Chipz account. Link your non-custodial wallet. Accept the terms and conditions, then create a username and password.

Step 2: Select available rooms based on your preference of rank. It is advisable to choose a friendly-sized pool to increase your earnings at the end of an event.

Step 3: Accepts the terms of betting set by the host or bookmaker.

Step 4: Wait for the results of the game. If you win, the smart contract executes and sends your share of earnings to your wallet.

Unlike with current crypto betting sites and traditional bookmakers, gamblers will not have to worry about limits on withdrawals, providing personal information, or parts of their earnings being slashed.

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In a recent podcast on Action and Ambition, Chipz co-founder, Justin Lally, states that the roadmap and idea behind Chipz is a clear indication that Chipz’s decentralized ecosystem is the future of betting. That said, Chipz is more than a betting platform. The platform is integrating NFTs in its ecosystem and will let its users in on the NFT action through their chipz.drive marketplace. They are rolling out an NFT presale where lucky users will win 5k worth of NFT to use on chipz.drive.

Chipz’s team is ever-expanding as more investors and experienced blockchain think tanks get wind of the platform’s attractive future business model. Some notable people who have joined in advisory roles include Jacob Busch of the Busch beer family, Orlando Jones — an actor and creator of fandom who sits on the comic con board among other blockchain and gaming companies’ boards — and DJ Lethal from Limp Bizkit, who is performing at the Lollapalooza concert this weekend.

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Balkans

SYNOT Enters the Bulgarian Market

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SYNOT Group has successfully realized its first installation of land-based products in Bulgaria. The popular MAGIC BALL LINK jackpot system has been launched at IMPERIA Gaming Clubs in the city of Plovdiv, with three installations (a total of 12 Eclipse FL-32 machines) at three different locations.

“I would like to thank to IMPERIA Gaming Clubs for the trust and the opportunity to show the best performing products of SYNOT to the player’s audience in Bulgaria. I strongly believe that this is the beginning of a fruitful partnership which will grow in time,” said Stanislav Stanev, International Business Development Director of SYNOT Group.

MAGIC BALL LINK is a progressive jackpot system that has already gained popularity in several markets due to its attractiveness and performance. Bulgarian players can now enjoy eight exciting linked games that combine a entertaining gaming experience with the potential for significant winnings. This installation follows shortly after SYNOT Group recently obtained a license for the Bulgarian market, paving the way for further growth and expansion in the region.

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“We are happy to welcome SYNOT slot machines on our floors, and we really believe that SYNOT products will supplement our diverse offering to the players and will become an integral part of all our locations,” said Gavril Chetrafilov, Owner of IMPERIA Gaming Clubs.

The post SYNOT Enters the Bulgarian Market appeared first on European Gaming Industry News.

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Compliance Updates

UKGC Publishes Update on Financial Risk Assessments Pilot

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The UK Gambling Commission (UKGC) has published a further update on the ongoing pilot of financial risk assessments.

Written by the Director of Major Policy Projects who is leading the pilot, Helen Rhodes, the update provides information on Stage two of the pilot and the issues being explored in the final stages of the pilot.

“Financial risk assessments are a proposed way of identifying high-spending remote gambling customers who may be in financial difficulties, in order to help support them,” the Commission’s latest update on the finance risk check pilot reads.

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“This is not the same as ‘affordability checks’ – the Commission does not have any regulatory requirements for affordability checks and is not proposing any. Financial risk assessments would be a much more targeted way of identifying potentially financially vulnerable customers. They would not affect a customer’s credit score if they were introduced in the future.”

Key Points Covered by the Update

The UKGC says that the pilot has given it a better understanding about the financial risk profile who met the thresholds. These customers were found to be between twice and four times more likely to have a debt management programme than those who didn’t meet the thresholds, and more between twice and five times more likely to have a default in the last 12 months.

The most remarkable is the fact that the data has reinforced the UKGC’s view that the finance risk checks will be as non-intrusive and frictionless as possible. According to the UKGC’s estimations, only 0.1% of customers would be subject to a non-frictionless assessment.

It also says that 95% of assessments carried out in stage one were possible in a frictionless matter, with this figure rising to 97% in stage two, where the total number of risk assessments carried out across three credit reference agencies rose from 860,000 to 1.7 million.

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The analysis phase of stage three of the pilot is expected to continue into the summer, after which the UKGC will move into stage four.

NatCen is continuing to work as the UKGC’s evaluation partner on this pilot and post-pilot analysis work.

Director of Major Policy Projects, Helen Rhodes, said: “These further findings from the pilot have helped us understand the extent that assessments could be conducted in a frictionless manner.

“Building on our staged approach to the pilot, we will now further explore data consistency across credit reference agencies, as well as how to support operators to identify the severity of financial difficulties that a customer may be experiencing and how they could support these customers.”

The post UKGC Publishes Update on Financial Risk Assessments Pilot appeared first on European Gaming Industry News.

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Compliance Updates

Irish Politician Philip McGuigan Calls for Urgent Action on Gambling Harm Treatment

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Sinn Féin MLA Philip McGuigan, Chair of The All Party Group on Reducing Harm Related to Gambling, has called for urgent government action following the publication of a report presenting the findings from the 2024 Gambling Prevalence Survey, commissioned by Department for Communities, which reveals alarming levels of gambling-related harm in the north.

Speaking in the Assembly, McGuigan said what is perhaps most alarming from the survey’s findings, is the low number of people seeking help. Only 1% of those who gamble reported accessing support or information from gambling or mental health services.

He said: “The Minister of Health must act without delay to commission dedicated gambling treatment services. With existing addiction services already under pressure, additional funding is essential. The findings of this survey point to a serious gap in provision for addiction treatment in the north. The need is clearly there, but people aren’t getting the help they need.”

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According to the “Prevalence of Gambling in Northern Ireland 2024” report, 3% of the population are experiencing severe gambling-related harms, while a further 10% are considered low or moderate risk gamblers. Shockingly, approximately one in seven adults who gambled in the past year admitted to betting more than they could afford to lose. Additionally, one in eight reported needing to gamble increasing amounts to achieve the same level of excitement, and nearly one in 12 said gambling had caused health problems such as stress and anxiety.

McGuigan said: “These figures are deeply concerning and underscore the serious social and public health implications of gambling addiction. This isn’t just about individuals losing money; it’s about broken families, damaged relationships, and communities struggling with the fallout of gambling harms.”

The survey also found that 10% of people affected by gambling had experienced the breakdown of a close relationship due to someone’s gambling, highlighting the wider ripple effects of the issue.

To address the funding gap, McGuigan is also calling on the Minister for Communities to bring forward the promised levy on land-based gambling operators without delay.

“Calling the Minister for Communities to introduce a levy is a fair and necessary step. The industry profiting from gambling must contribute to the prevention and treatment of gambling harm,” he said.

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McGuigan also criticised the British Government for excluding Northern Ireland from the proceeds of the statutory levy on gambling operators introduced in Britain on 6 April. This levy is intended to fund research, prevention and treatment of gambling-related harm.

“Online gambling operators licensed by Britain’s Gambling Commission are freely advertising and profiting here in the North. Yet, our population is completely excluded from the financial benefits of the statutory gambling levy on these operators. That is unacceptable. Executive Ministers must demand that the North receives its fair share of this funding,” McGuigan said.

The survey further revealed that 66% of respondents believe there are too many gambling advertisements, and 71% support a watershed for gambling ads on TV and radio.

McGuigan is now urging the Secretary of State for Culture, Media and Sport, Lisa Nandy MP, to use her powers to implement tighter advertising restrictions, including a TV and radio watershed to limit exposure to gambling content during peak viewing times.

“The public clearly wants action. The evidence is there. We must act now to protect individuals and families from the devastating consequences of gambling addiction,” he said.

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The post Irish Politician Philip McGuigan Calls for Urgent Action on Gambling Harm Treatment appeared first on European Gaming Industry News.

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