Betable is a London-based company that develops and markets real money gambling platforms for the social game industry. The company is licensed by the UK Gambling Commission and the Alderney Gambling Control Commission and certified by third party testing houses. The Company has raised a total of $ 23 million in venture funding from, among others, Venture51, Greylock Partners, and the Founders Fund.
Video Betable
History
Christopher Griffin, the company's current CEO, founded Betable in 2008. The first iterations of the service involved users who created betting opportunities and placed bets on socially oriented gambling sites. In July 2010, the company raised $ 3 million in initial funding from Atomico Ventures.
In 2012, Griffin re-closes the company and relaunches Betable from being a betting site to develop a real money gambling platform. The Betable API beta program was released in July 2012, allowing game developers to integrate Betable bet features.
In October 2012 Betable partnered with Slingo game developers, Digital Chocolate, and Murka Games to combine bets into current developer offerings.
In November 2012, Mandala Games became the first European game developer to use the Betable platform, allowing real money games in its title Slots by La Riviera .
In November 2013 Betable generated $ A $ 18.5 million round of A Series funding led by Venture51.
April APP TechCrunch slot machine
On April 1, 2013, the TechCrunch news site published a hoax article claiming that it would launch a social gambling game for venture capitalists to gamble, commenting that it would be "an easier way to bypass SEC rules around being an accredited investor". This article includes a TechCrunch themed slot machine supported by Betable software.
Maps Betable
Products and services
Third-party game developers use the Betable API to apply real money gambling functionality to mobile games. In addition to changing standard games (such as slots, blackjack, and roulette) into real money gambling titles, the software can be used to create non-traditional gambling games operating on the Betable platform. Once installed, Betable acts as a turnkey gaming machine that manages all real money tasks in the game such as identity verification, anti-fraud protection, regulatory compliance, transactions, audits, and gambling mechanics. Platforms act as an alternative to other forms of app monetization, such as banner ads or freemium models, by allowing developers to enable betting features that generate revenue in their games.
Since Betable has a gambling license from the UK Gambling Commission that allows it to provide gambling services on behalf of others, developers can activate bets in their games without applying any licenses. Betable compatible with games on iOS and Android operating system.
Battle of Keno
One example of traditional game titles converted into real money gambling applications via the Betable platform is the Battle Keno 30AT, Battleship adaptation that rewards financially or punishes players based on gameplay.
Prospect Hall Casino
In February 2015, Betable launched Prospect Hall Casino, an online gambling business in the UK with online casino games for mobile and the web. The business is licensed and regulated by the UK Gambling Commission and the Alderney Gambling Control Commission.
References
External links
- Betable.com - Official website
Source of the article : Wikipedia
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