List of crypto currency gambling ICO's (Initial Coin Offerings)

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Jul 12, 2017.

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  1. Humble Servant

    Humble Servant Active Member Staff Member

    I'm deeply skeptical about ICO's. Most of them are merely get rich quick schemes where useless tokens are issued to dumb investors who think they will profit by passing these tokens on to the greater fool. Does anyone that actually buys these ICO tokens plan to redeem them by using the service at a later date? I certainly haven't met any.

    Despite my reservations, there appears to be a growing number of gambling ICO's that are raising millions of dollars so we may as well list some of them here.....

    To get the ball rolling, lets look at Unikrn because they are backed by bitcoin skeptic Mark Cuban. How you can be skeptical of bitcoin but support some Ethereum token is beyond me. Unikrn is an eSports gambling site that Cuban has already invested $7 million in. According to the Unikrn press release, they are the leaders in esports betting and allow gambler to bet legally and for fee anywhere in the world.

    Learn more by visiting unikrn.com
     
  2. Humble Servant

    Humble Servant Active Member Staff Member

    We are hearing reports that the Ethereum Parity Multisig wallet that is being used for some ICO's has been backed. It's too early to say how much money has been lost but it appears that the Edgeless Casino ICO have lost millions of dollars....

     
  3. Humble Servant

    Humble Servant Active Member Staff Member

    It looks like the ICO party/bubble is about to come to an end following an announcement that ICO tokens are in fact securities. The whole point of ICO's was to allow companies to raise to raise capital without having to follow SEC regulation....

     
  4. Freddy

    Freddy Member

    What happens if these gambling ICO's are based in Switzerland or anywhere outside the United States? Do the SEC rules still apply?
     
  5. Humble Servant

    Humble Servant Active Member Staff Member

    If they sell their ICO token to a person in the United States then I'd imagine it won't matter where they are based. The SEC will lock them up if they ever set foot on American soil.

    We wrote a more in-dept article on gambling ICO's and published it here http://www.bitcoingambling.io/crypt...ise-millions-for-blockchain-gambling-startups
     

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