Leading the world by engaging with regulation, Quanta sought to be the first to operate legally and in compliance with international standards.
World-first blockchain gambling license
First cryptocurrency player protection solution
First ICO funded gambling license
In 2016 we were approached by the founders of Quanta, a concept for blockchain gambling. Unlike many of the speculative blockchain gambling projects at the time, the founders wanted to create a real business with longevity and obtain a blockchain gambling license, something never achieved before under any reputable regulator.
- Discipline:egaming, blockchain
Although decentralised models don’t fit naturally into regulations and crypto currency source of funds was unheard-of, it was a challenge we relished. During the preparation of the license application and dialogue with the regulator, we had to consider how to create a player protection mechanism capable of protecting 100% of player funds by law, demonstrate the security of the technology to real-world standards, identify cryptocurrency transactions for the purposes of risk and anti money laundering, and secure fiat banking. It took a lot of work and persistence, but we were successful; the first legitimate blockchain gambling license in the world. Following this we assisted establishing operational teams and supported the product launch.