CashBet ICO raises $38M
Funding to develop crypto-ready mobile iGaming platform
Gaming platform CashBet has raised $38 million through its recent Initial Coin Offering (ICO). The funding will be used to develop the crypto-ready mobile iGaming platform. The Oakland, California company reached its hard cap of 142,975,000 CBC tokens with participants in more than 100 countries.
CashBet is a mobile-first iGaming platform provider and turnkey operator that supports real-money, social, and skill-based gaming apps and websites worldwide.
The software can be integrated by third parties, enabling them to legally launch online gambling games without needing to be licensed, since CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission.
CashBet Coin’s partners include Lottery.com, Greentube, and Imperial Play, as well as Arsenal football club; the first major football team to officially partner with a cryptocurrency.
Mike Reaves, CEO and Co-Founder of CashBet said, “The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions.
We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”