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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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