24 Oct
In News
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NetBet becomes first UK licensed gambling company to accept Bitcoin

In an interesting new development, NetBet became the first licensed gambling company to accept Bitcoin in UK.

This leaves the customers with an option to use the virtual currency to fund their accounts while wagering on NetBet’s online sports betting platform and casino.

In order to be ready post this move, NetBet is working in tandem with Bitcoin payment service provider BitPay to make sure that the new mode of payment complies with regulatory requirements in the UK.

In a statement on its website, BitPay said:

“This checkout option will allow more NetBet users to get back to playing and placing bets with the peace of mind that their transactions won't expose them to the risk of online payment fraud.”

This is definitely an interesting punt by the company. While it is too difficult to comment on the outcome, one will have to wait a few years to see how effective the Bitcoin option will become for players.

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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