Unikrn, a leading eSports betting operator, has received a license for cryptocurrency as well as real-money online gambling from the Isle of Man. Both Isle of Man and Malta are known for its strict standards on gambling regulations.
Unikrn has a global presence, with offices in Australia, Germany and the United States and is endeavoring to integrate its platform with blockchain technology in order to offer secure betting on video game tournaments. The new license will enable the company to offer their services all across the world, as numerous nations recognize the Isle of Man license within their country
The operator is now listed as a license holder on the Isle of Man Gambling Supervision Commission website, adding to Unikrn’s real-money online gambling license issued by the Malta Gaming Authority. Unikrn’s Australian license was revoked in December of last year, following the closure of Tabcorp’s Luxbet brand, on whose permit the company originally relied on.
Unikrn not only introduced live spectator betting and skill betting, where users can bet on themselves in League of Legends, Fortnite and Dota 2 but is also the first blockchain-based betting service that processes real-money crypto bets. The wagering backend, Unikrn Jet, is the first of its kind that is able to power in excess of 9000 bets per second with innovative blockchain-powered security.
It is understood that the gambling license has been four years in the making and it was necessary for the company to undergo a major audit with the Isle of Man authorities.
Unikrn’s betting platform will also feature technology from U.S. based blockchain platform Bittrex which will allow customers outside the USA buy UKG direct from Bittrex Exchange by using multiple forms of payments.