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eSports operator Vulcun to cease accepting Real Money Bets
Tuesday January 5,2016 : DAILY FANTASY E-SPORTS FIRM EXITS REAL-MONEY WAGERING
Heat in the real-money eSports kitchen too hot for Vulkun.
A year on from its launch, daily fantasy eSports operator Vulcun has announced that effective January 14 2016 it is to cease accepting real-money fantasy wagers on eSports events.
The company says its decision is motivated by the uncertain legal and regulatory environment in the United States, where political and enforcement activity has been making the daily fantasy sports industry an uncomfortable place to operate over the past few months
Two months ago Vulkun voluntarily exited the Nevada market to be on the safe side following a pronouncement by regulators that DFS real-money activities constituted gambling and must be licensed.
Vulkun management posted notice of its intentions on the company website Monday, effectively shutting down real-money wagering just before the start of a new season of League of Legends tournament action.
The notice advises players to empty their accounts before February 5, after which any remaining funds will be converted into ‘gold’, the site’s proprietary virtual wagering currency. All unused pending bonuses will expire on February 6.
Management's decision was based on an objective look at the overall situation in relation to recent events, the notice advises, observing that less than 10 percent of its users engaged in paid fantasy play during December.
Whilst hardly a market leader, Vulkun was a significant player, competing with the fantasy eSports offerings of DraftKings and Alphadraft, a fantasy eSport outfit owned by FanDuel.
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NBA Odds: Resurgent Clippers Face Warriors in Oakland -
After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursdayís game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
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