Skip to main content
110% Deposit Bonus from mBit

FunFair Applies for Isle of Man Blockchain Licence

FunFair Technologies has applied to Isle of Man Gambling Supervision Commission for an inaugural Token Based Software Supplier Licence.

Leading blockchain-powered casino technology provider FunFair Technologies takes another step forward with its application for a Token Based Software Supplier Licence from the Isle of Man Gambling Supervision Commission.

According to an official announcement posted on the FunFair website, the company sees the licence as a key to FunFair’s “ongoing growth and wider business strategy.”

Stefan Kovach, CCO of FunFair, said:

“As an organisation, we’ve always been clear that we want to work in a well-regulated space with clarity surrounding licensure and blockchain technology. We’re very pleased that the Isle of Man’s regulatory bodies are on the same page and are making positive, pioneering steps to legislating for decentralised technology and token-based gambling.”

With the said licence, FunFair will operate in full compliance with the regulations set within the framework of a Tier 1 gaming jurisdiction.

At the same time, it will give FunFair the opportunity to help Isle of Man licence holders understand how they can benefit from integrating blockchain into their system and operations.

The new licence will also benefit two FunFair-powered casinos — CasinoFair and Crypto Casino — both of which are already licenced.

Meanwhile, FunFair has recently launched blockchain virtual racing. First in the industry, Raceday Horses allows bettors to join various racecourses and choose one of eight horses in the race.

Raceday Horses is now available in CasinoFair and Crypto Casino, and will be the first product from FunFair’s line of blockchain virtual games.

Meanwhile, everyone can watch the documentary A Savage Journey to The Heart of Crypto and the ICO that features FunFair at the forefront of blockchain technology.

1xBit Live Gaming Cup Play with Cryptos

LATEST CASINO NEWS & INTERVIEWS


News

Get Your 50 Free Spins No Deposit & 150% Bonus in ‘Legend of Singing Fan’ on Miami Club Casino

July 13, 2020

Miami Club Casino marks the debut of ‘Legend of Singing Fan’ slot with 50 Free Spins No Deposit paired with 150% Deposit Bonus + 30 Free Spins offer.

Lucky Player Scoops Up $280,000 Win on BitStarz Casino

July 13, 2020

A lucky BitStarz Casino player won $280,000 by playing Pragmatic Play's Fruit Party slot, just days after a different player got $200,000 in Crazy Time.

Top Online Casino Apps in 2020 You Shouldn’t Miss

July 12, 2020

We're taking a closer look on some of the best online casino apps in 2020 that you can bet on and have fun. Don't miss out on these top casino apps!

Interviews

Interview with Gregor Rozic, Sales Manager at GameART

July 7, 2020

We’ve had the opportunity to talk to GameART Sales Manager Gregor Rozic, who has 10 years of experience in online gaming on casino and poker content.

Interview with Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group

June 30, 2020

We had the opportunity to talk to Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group and member of Vie.gg Advisory board.

Interview with Elise Cray, Marketing & Operations Manager at iTech Labs

June 23, 2020

We talked to Elise Cray, Marketing & Operations Manager at iTech Labs, in charge for Online Gaming systems certification and Quality Assurance testing.

CHOOSE CASINOS NOW
Your Message
LEAVE A MESSAGE
RESET PASSWORD

Please enter your email address:

LOGIN TO BBC
No account yet? Register here
Forgot Password? Click here
JOIN US NOW
Already have an account? Login
Forgot Password? Click here