Cryptocurrency

Prediction market Futuur launches hundreds of real-money event markets with trading in 7 cryptocurrencies 🔮

Published

3 years ago

December 17, 2021

Reading Time: 2 minutes

Futuur, which provides the largest selection of prediction markets available at one URL, announced that after extensive testing it is officially launching its real-money markets to forecasters around the world. Real-money markets have been added alongside Futuur’s already existing play-money markets, with trading available in seven cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Tron (TRX), Bitcoin Cash (BCH), and the USDC stablecoin.

With the goal of generating more accurate predictions via the wisdom of the crowd, Futuur provides forecasters the opportunity to bet on the outcome of future events in areas like politics, sports, science, and business. Similar to a stock market, pricing is determined by market activity, fluctuating as traders buy and sell positions in event outcomes. The result is an always up-to-date forecast that aggregates information from across diverse perspectives and accounts for changing information over time. Futuur makes these forecasts public and easy to interpret, providing a percentage estimate of each outcome’s likelihood to occur.

The industry-leading range of liquid markets available for betting is facilitated by an automated market maker (AMM), a type of algorithm that replaces the function of an order book in traditional exchanges, and which has been used increasingly in the world of DeFi to power decentralized exchanges like Uniswap. In Futuur’s case, the AMM provides always-on liquidity, allowing forecasters to buy or sell a position immediately, at any time, without the need for a counterparty on the other side of the transaction.

European Gaming Congress 2024 (Warsaw, Poland)

Operating since 2017 with play-money markets, Futuur has generated crowd-driven predictions for over 44,000 events, with bets coming from more than 25,000 forecasters. The average Brier score (a measurement used by statisticians to evaluate the accuracy of probabilistic predictions) across all resolved markets with bets is 0.168, a notable achievement given that the prize for bettors has been social reputation and skill-building, and did not include a financial component until now.

Now with the ability to bet with crypto and put more “skin in the game”, Futuur predicts that its platform will generate even more accurate forecasts. Says founder Tom Bennett “we’re very happy with the results Futuur forecasters have generated trading our play-money markets, and we’re incredibly excited about the prospects for our real-money markets. We expect that an additional financial incentive will lead to even better accuracy, and move us closer to our goal of helping to improve decision-making by providing more accurate forecasts.”

To underscore this, Futuur has created a market about its own markets’ performance, asking whether play-money or real-money markets resolved in 2021 will be more accurate. The current crowd-powered estimate for the real-money and play-money versions of this market are 71% and 75%, respectively (real and play-money markets operate independently, and generate separate forecasts).

In order to offer legal real-money wagering, the platform has obtained a gaming license from the Ministry of Justice in Curaçao. This allows the service to provide real-money betting in most of the world, but it does exclude certain jurisdictions, including the US, Australia, Colombia, and the Netherlands. For forecasters in restricted jurisdictions, not to worry! Play money markets will continue to be available to all countries.

Cryptocurrency

Kyrrex to host online panel discussion on MiCA and the future of crypto in Europe

Published

6 days ago

November 11, 2024

George Miller

kyrrex-to-host-online-panel-discussion-on-mica-and-the-future-of-crypto-in-europe

Reading Time: 2 minutes

As the European crypto community prepares for the implementation of the MiCA, Kyrrex is organizing an online X panel to discuss the potential impact and future trajectory of the industry under this new regulatory framework.

The panel “Is MiCA that Bad? The Future of Crypto in Europe,” will take place on November 14, 2024, at 12:00 CET on X Spaces.

This event aims to offer an in-depth examination of the challenges and opportunities that MiCA presents, drawing on the expertise of industry leaders and stakeholders.

Key speakers for the discussion include Mike Romanenko and Kevin Plumpton from Kyrrex,

Tomer Warschauer Nuni from Kima Network, Andrea Zapparoli Manzoni from H4ckManac, Thanos Tsavlis from Cyberscope, and Anoop Nannra from Trugard Labs. Their insights will help attendees understand how MiCA may reshape the crypto landscape and what this means for different segments of the market.

“As MiCA ushers in a new regulatory era for the crypto industry, open discussions are crucial for navigating this transition effectively. By bringing together voices from various sectors, we aim to foster a deeper understanding and proactive approach to the opportunities and challenges ahead,” said Mike Romanenko, CVO & co-founder of Kyrrex. “Engaging in conversations like these helps ensure that the community is informed and prepared for the future of crypto in Europe.”

The panel will be structured to encourage interaction and participation, allowing attendees to submit questions and engage in a discussion with the panel. Topics are expected to include compliance, innovation, and strategies for navigating the evolving regulatory environment.

This event offers professionals, enthusiasts, and stakeholders an opportunity to gain a clearer perspective on what lies ahead as MiCA begins to take effect. It will also provide a space for dialogue and knowledge-sharing, fostering a greater understanding of the potential impacts on the crypto sector in Europe.

Panel “Is MiCA that Bad? The Future of Crypto in Europe” details:

Date: November 14, 2024
Time: 12:00 CET
Platform: X Spaces

The post Kyrrex to host online panel discussion on MiCA and the future of crypto in Europe appeared first on European Gaming Industry News.

Cryptocurrency

United States Online Gambling Industry Research 2023-2029: Cryptocurrency Gains Momentum, Rising Popularity of Esports, Operators Capitalize on Mobile-First Platforms

Published

1 month ago

October 10, 2024

GamingAmericas.com

united-states-online-gambling-industry-research-2023-2029:-cryptocurrency-gains-momentum,-rising-popularity-of-esports,-operators-capitalize-on-mobile-first-platforms

The “United States Online Gambling Market, By Region, Competition, Forecast and Opportunities 2019-2029F” report has been added to ResearchAndMarkets.com’s offering.

The United States Online Gambling Market was valued at USD 9.5 billion in 2023, and is expected to reach USD 15.99 billion by 2029, rising at a CAGR of 8.90%

The United States online gambling market has experienced significant growth in recent years, driven by a combination of factors. One key driver is the increasing legalization of online gambling across various states. As more states recognize the potential economic benefits and tax revenues associated with online gambling, they are passing legislation to allow for its operation. This has created a favorable regulatory environment, enabling online gambling operators to enter the market and offer their services to a wider audience.

Technological advancements have also played a crucial role in the market’s growth. The widespread availability of high-speed internet and the proliferation of smartphones have made online gambling more accessible than ever before. Consumers can now conveniently access a wide range of gambling options from the comfort of their own homes or on the go, leading to increased participation and engagement.

Furthermore, the growing consumer demand for online gambling has fueled market expansion. The convenience, variety of games, and potential for significant winnings have attracted a large and diverse customer base. Additionally, the COVID-19 pandemic has further accelerated the shift towards online gambling as traditional brick-and-mortar casinos faced temporary closures and restrictions. Overall, the United States online gambling market is poised for continued growth as more states legalize and regulate the industry, technology continues to advance, and consumer demand remains strong.

Expansion of Mobile Gambling

One of the prominent trends in the United States online gambling market is the expansion of mobile gambling. With the widespread adoption of smartphones and the increasing availability of high-speed internet, more consumers are turning to mobile devices for their gambling activities. Mobile gambling offers convenience and flexibility, allowing players to access their favorite games anytime and anywhere.

Operators are capitalizing on this trend by developing mobile-responsive websites and dedicated mobile applications. These platforms provide a seamless and optimized gambling experience, with user-friendly interfaces and a wide range of games tailored for mobile play. The convenience of mobile gambling has attracted a new segment of players who prefer the flexibility of betting on the go.

Emergence of Live Dealer Games

Another significant trend in the United States online gambling market is the emergence of live dealer games. Live dealer games bridge the gap between online gambling and the traditional casino experience by offering real-time interaction with professional dealers through high-definition video streaming.

Players can participate in games such as blackjack, roulette, and baccarat, enjoying the social aspect and immersive atmosphere of a land-based casino from the comfort of their homes. The popularity of live dealer games can be attributed to the desire for a more authentic and interactive gambling experience. Players can chat with the dealers and other participants, creating a sense of community and enhancing the overall entertainment value. The advancements in technology, such as improved video streaming capabilities and enhanced user interfaces, have contributed to the growth of this trend.

Integration of Cryptocurrency

The integration of cryptocurrency as a payment method in the United States online gambling market is gaining traction. Cryptocurrencies such as Bitcoin and Ethereum offer advantages such as enhanced security, faster transactions, and reduced fees compared to traditional payment methods. This has led to an increasing number of online gambling operators accepting cryptocurrencies as a form of payment. The use of cryptocurrency in online gambling appeals to a tech-savvy audience that values privacy and decentralization.

It also enables players from jurisdictions with strict gambling regulations to bypass restrictions and participate in online gambling activities. As the adoption of cryptocurrencies continues to grow, it is expected to have a significant impact on the online gambling market, providing players with more options and operators with increased flexibility in payment processing.

Integration of Esports Betting

Esports betting is gaining momentum in the United States online gambling market, driven by the growing popularity of competitive video gaming. Esports refers to organized multiplayer video game competitions, where professional players compete for prizes. The integration of esports betting allows players to wager on the outcomes of these competitions, adding an additional layer of excitement and engagement.

Esports betting appeals to a younger demographic that is passionate about gaming and follows esports events closely. The availability of live streaming platforms and dedicated esports betting websites has made it easier for players to participate in this form of gambling. Operators are expanding their offerings to include a wide range of esports titles, tournaments, and betting options to cater to the growing demand.

Cryptocurrency

SCCG Management Announces Sponsorship Partnership with Hoppa! Card

Published

4 months ago

August 1, 2024

GamingAmericas.com

sccg-management-announces-sponsorship-partnership-with-hoppa!-card

SCCG Management, a leading advisory firm in the global gaming industry, has announced a sponsorship partnership with Hoppa! Card, a pioneer in crypto payments and banking solutions. This collaboration is set to revolutionize the payment landscape for the gambling industry with a strong focus on crypto technology, leveraging SCCG’s extensive ecosystem of over 120+ client partners and its global presence across all major regions.

Through this partnership, SCCG Management will support Hoppa! Card in delivering their innovative crypto payment and banking solutions to a wider audience within the gaming industry. The synergy between SCCG’s expansive network of client partners and Hoppa! Card’s cutting-edge financial technology aims to enhance the efficiency and security of managing complex payment needs in the gambling sector.

Hoppa! Card’s flagship products, including the Exclusive Global Soft KYC High Limit Crypto Offramp VISA Card and the Unique Payment Gateway, are designed to meet the most challenging payment requirements. The VISA Card offers high limits and the highest possible privacy standards with anonymous cards, ensuring global accessibility with both virtual and physical card options. The Payment Gateway provides seamless processing for various crypto and fiat transactions, eliminating chargebacks and non-acceptance of cards, while catering to all gaming licenses and jurisdictions.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Partnering with Hoppa Card allows us to provide our clients, as well as our global network of operators and platform providers, with crypto-focused payment solutions that are crucial in today’s fast-evolving gaming industry. Their innovative products align perfectly with our mission to drive strategic growth and maximize revenue for our partners.”

Igor Lavrih, CEO of Hoppa Card, said: “We are excited to kick off the partnership with SCCG, merging our payments expertise with their deep market insights to explore new opportunities and drive innovation. We look forward to the synergies our partnership with SCCG will bring forward, delivering unique payment solutions in the gaming industry to an array of growing and established businesses.”