Esports betting operator Unikrn, the publisher of decentralised gaming token UnikoinGold, has welcomed the Malta Gaming Authority’s forward-looking approach towards the development of a “sandbox environment” for cryptocurrencies and blockchain technologies.
The creator of a custom blockchain platform, Unikrn holds a MGA licence for online sports betting. The company expects to be one of the first to offer crypto esports betting within some European markets, by Q2 2018.
This will follow on from their fiat betting rollout, also powered by their MGA-issued licence, expected in early 2018.
Rahul Sood, Unikrn’s CEO, said: “We see responsible, safe and regulated betting experiences as the cornerstone of a functioning gambling industry. We are proud to be singularly positioned to assist the inevitable, and necessary, evolution of the gaming industry in Europe. Our upcoming crypto launch isn’t just on the cutting edge; it’s helping design the cutting edge.”
An MGA spokesperson said: “MGA’s plans of establishing the sandboxed environment for cryptocurrency usage within the remote gaming sector, and also the application of distributed ledger technology within the industry, are well under way. We are looking forward to issuing the first draft for public consultation in Q1 2018.”
