World-First Blockchain Gambling Licence

Leading the world by engaging with regulation; the first blockchain lottery to operate legally and in compliance with international standards.

World-first blockchain gambling license
First cryptocurrency player protection solution
First ICO funded gambling license

Blockchain Gambling Licence

In 2016, Quanta, a pioneering concept in the realm of online gambling, approached SolutionsHub with a unique ambition: to secure the world’s first decentralised gambling license.

The challenge was twofold. Firstly, decentralised models, a cornerstone of blockchain technology, do not naturally fit into existing regulatory frameworks. Secondly, the source of funds in cryptocurrency was a novel concept, unheard of in the traditional gambling industry. Despite these hurdles, SolutionsHub took on the task with enthusiasm and determination.

A Triumph for Blockchain Gambling

After much hard work and persistence, SolutionsHub achieved a groundbreaking success: the first legitimate blockchain gambling license in the world.

This was a significant milestone not only for Quanta but also for the broader blockchain and gambling industries.

Following this achievement, SolutionsHub assisted in establishing operational teams and supported the product launch, marking the beginning of a new era of transparency in gambling.

Overcoming Regulatory Hurdles

The process involved meticulous preparation of the license application and extensive dialogue with the regulator. Key considerations included the creation of a player protection mechanism capable of safeguarding 100% of player funds by law, demonstrating the security of the blockchain technology to real-world standards, identifying cryptocurrency transactions for risk and anti-money laundering purposes, and securing fiat banking.

The Future

With the successful acquisition of a license, we paved the way for future decentralised gambling projects. As more businesses recognise the benefits of blockchain technology and cryptocurrency, it is likely that we will see an increase in the number of licensed decentralised gambling platforms. This will not only provide players with more options but also contribute to the growth and legitimacy of the gambling industry.

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