The EOS Gambling dApp named EOSBet is in the recent crypto news, after Curacao’s online gambling industry regulator Curacao eGaming has granted it a gaming license. The platform that has the gaming technology behind the EOS altcoin revealed the new offer for interactive online gambling.
In an official announcement posted on the EOS blog, EOSBet revealed that this accreditation will enable it to offer all the existing forms of interactive online gambling under the regulator’s Master Gambling License that is issued by Curacao’s Ministry of Justice.
The announcement also reads that the platform, which prides itself as the oldest EOS gambling dApp, has achieved another milestone in its strategy to be fully licensed and legitimate as a gambling platform. As it is, it is now the only fully licensed EOS-based gambling platform.
The benefits of Curacao’s eGaming decision to grant EOSBet a license come in many ways, but mainly revolve around the increased stakeholder confidence and the enhanced credibility and trustworthiness all round.
Even though EOSBet suffered a damaging public hack in September this year – which negatively impacted the user and investor confidence – this granting of an official regulatory license proves that the platform will substantially improve investor confidence in a space that has already seen quite a number of exit scams.
Moving forward, EOSBet also announced that the license improves the likelihood of BET (which is EOSBet’s native token) to become listed on a major exchange.
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