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Via a Tuesday press release, the Curacao-licensed crypto-currency platform stated that it raised approximately million courtesy of a four-month token sale while its new back-end system is being supplied by Jersey-headquartered online instant-win and lottery games innovator Twelve40.The broadcaster reported that the fresh regulations are set to include an outright ban on the phrase ‘bet now’ while also instituting stricter restrictions on the advertising of special offers for all United Kingdom-licensed online casinos and sportsbetting sites during live events such as football matches.”...

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The BBC reported that the announcement of the new rules comes in the wake of this week’s decision by the Gambling Commission regulator to levy a 8,600 fine against ElectraWorks Limited after seven of the prominent online casino operator’s websites were found to have breached existing rules on the promotion of ‘free bonuses’.However, the biggest change is reportedly set to involve the advertising of ‘free bets’ as the Committees of Advertising Practice is to immediately enforce a provision that will require all licensed online casino and sportsbetting operators to prominently list these offers’ specific terms and conditions.William Trentini, Chief Executive officer for Wild Crypto, described the new platform as ‘the first major blockchain gaming product to launch’ before declaring that the innovation ‘marks the beginning of a significant shift in our sector’....

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