There is no doubt that an ICO can be a risky prospect for an investor, especially someone not necessarily well-versed in cryptocurrencies, and in the minds of some this inherent insecurity, mixed with the vicarious nature of online gaming itself, makes for a potent mix. And while the majority of gambling companies (such as the ones featured on .uk) continue to seek finance through venture capital and private equity, an increasing number of innovative e-gaming start-ups are turning to ICOs as the way forward. This is in part borne out by the hugely successful Initial Coin Offering (ICO) of iGaming platform developer CashBet, as well as the significant number of other gaming ICOs that are in the pipeline. However, it is impossible to envisage an online gaming industry in which cryptos do not come to play a major, if not dominant role. The major online gaming licensing and regulatory authorities are yet to implement coherent accreditation protocols for crypto gambling operators (although the industry-leading Malta Gaming Authority is making moves in this direction), while the major online game providers such as Microgaming and NetEnt do not yet produce online slots and casino games that support crypto wagering. In many ways, the use of cryptocurrencies in online gambling remains in its infancy.

New ico for online casinos 2018