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Has Blockchain Succeeded in Reshaping Online Poker?

Posted on April 4, 2024 by Kelley N.

Online poker tournaments will seemingly be the next big thing in the gambling industry to be transformed by blockchain technology. In fact, in some ways, this is already happening.

It is easy to see how we got here. First, the widespread use of collusion and cheating has been an issue in online poker events for quite some time. Blockchain technology’s immutability and transparency make it ideal for addressing these concerns directly. It is possible to record every transaction and move made during games, which guarantees a fair playing field that is free from manipulation. Furthermore, due to its decentralized nature, blockchain greatly reduces the likelihood of theft or mismanagement, increasing the security of player funds.

Today, a major shift has occurred with the implementation of smart contracts into poker tournaments. The rules and compensation are automatically determined and enforced by these self-executing contracts, which have conditions encoded straight into code.

But it is not just the tournaments and money that blockchain technology is protecting. Privacy concerns have long plagued online poker players, who are sometimes compelled to provide personal details on more conventional sites. Blockchain technology presents an elegant solution to this problem. By limiting player identification to their wallet addresses alone, poker operators can prevent fraud and identity theft while also protecting players’ privacy.

Expanded Horizons

The use of blockchain in poker is not all about fixing issues though. This is especially true in 2024 when more people than ever are aware of it in one way or the other. Blockchain technology opens the door to a world without borders, where anyone may participate regardless of their location, banking status, or currency limits, in contrast to more traditional platforms.

Furthermore, it may serve as a platform for international events, uniting players from many cultural backgrounds and promoting poker potentially as a game of skill. Not only does this improve the game as a whole, but it also opens up great possibilities for gamers all over the globe to band together and compete.

Looking Ahead

Crypto and blockchain technology seem to have limitless future applications in the poker industry. An increasing number of online poker sites are accepting digital currencies as a key payment option, giving players more freedom and safety in their financial dealings, thanks to the widespread acceptance of cryptocurrencies. Even more so, as blockchain technology evolves, new and fascinating gaming platforms and features will emerge, giving online poker players even more to look forward to.

888poker Refunds Record $287,292 to Players

Posted on March 4, 2023March 3, 2023 by Kelley N.

Recently, 888poker, the popular online poker branch of 888 Holdings, revealed that as part of its fair gaming policy, it refunded a record sum of $287,292 to players for 2022. With 6,801 players receiving a refund, the average return is $42, a significant increase of 32% over the previous year. The refunds were given to players who were affected by policy violations, which were discovered during game integrity reviews.

Problems with fair play are nothing new in online poker. The most prevalent issues online poker sites encounter are those caused by bots and real-time advisor (RTA) software, which offers players an unfair edge over others. 888poker has put significant resources into developing its detection technologies to solve these issues inside its network.

Setting the Standard

More player refunds have been issued as a direct consequence of the company’s efforts to ensure player security and prevent policy infractions. This exemplifies the firm’s commitment to providing its patrons with a fun, safe, and unbiased experience.

“At 888poker, we take the issue of game integrity very seriously,” 888poker’s head of poker offering Matan Krakow said. “This year, as a result of our continued investments in technology, cooperation of our players, and hard work of our teams, we have increased the detection rate of bot accounts, RTA and collusion to give back almost $290,000 to players.”

888poker’s head of poker offering Matan Krakow

888poker has developed methods to discourage players from participating in unfair methods, such as refunding those who have been negatively impacted by rules infractions. Methods to ensure a level playing field have been implemented, such as introducing new technologies that can identify bots and other unfair advantages, stricter fines for rule breakers, and more personnel monitoring fair play.

Colluders beware!

Another pressing problem that has been raised about the game of online poker is collusion between players. To avoid cheating, 888poker has not only made investments in its detecting skills but also adopted preventative steps. The poker operator has been able to identify and prevent collusion more efficiently thanks to player education and suspicious activity reporting.

Infinity Entertainment Expands Portfolio with New Poker Offering

Posted on September 4, 2022September 1, 2022 by Kelley N.

The team behind the popular and secure online casino infinitybet.ag, Infinity Entertainment, has unveiled a new poker site at www.infinitypoker.io. The introduction of this new service significantly broadens the scope of the operator’s market position inside an industry that is both highly profitable and intensely competitive.

Because of their unscrupulous business tactics and lack of transparency, many online casinos and sportsbooks have closed their doors or come under fire in recent years. One company that has defied the odds and survived is Infinity Entertainment. It has done so by winning the confidence and devotion of gamers all around the world.

InfinityPoker.io was released by the company to satisfy the growing demand for online poker games from the company’s user base.

“Overwhelming player demands for our gaming products is proof-positive of the quality of the games we deliver and the trust our players have in us to provide online gaming experiences they trust.” ~ Infinity Entertainment spokesperson.

The new platform comes with a selection of poker gaming applications, and there are six different impressive poker games available to play across five different online platforms. Texas Hold’Em, Omaha, 7-Card Stud, Omaha Hi-Lo, Badugi, and 2-7 Triple Draw are just some of the games you may play. Additionally, InfinityPoker.io provides new players with the opportunity to participate in free roll events.

Crypto-Focused Future

Games from the industry’s most well-known software developers, such as Evolution Studios, may be found on the gaming website. In addition to this, it provides a casino centered on cryptocurrencies as well as sportsbook options including competitive lines and exclusive live betting on sports markets. It is thus reasonable to assume that the crypto functionalities in question will also be accessible through the recently released poker platform.

Even though it is now a well-known brand in the world of online gaming, Infinitybet.ag comes from somewhat modest roots. When it first opened its doors, InfinityBet.ag had a limited bankroll and operated out of a run-down coffee shop. But in the present day, it has established itself as a heavy-hitter in the business, having a vast player network that is devoted to the brand as well as spectacular monthly payments that total multiple millions of dollars.

Gamblers respect them for the effort, honesty, and tenacity that have helped them succeed in a profession where such qualities are seldom acknowledged. InfinityBet.ag is leading the revolution in online gambling by providing players with a safe and secure environment in which to enjoy a wide variety of exciting games, get prompt payments, and have the chance to win lots of money.

CoinPoker Shifts All of Its Tables to USDT

Posted on October 4, 2020October 1, 2020 by Kelley N.

After announcing in mid-September that it would be switching to a stable coin as its main in-game currency, CoinPoker has finally followed through with those plans by integrating USDT. It becomes the very first online poker operator on the planet to pull off such as move, something that is expected to pay off quite decently in both the short and long terms.

USDT, otherwise known as Tether, has been breaking records for quite some time now. In fact, it is widely considered to have a lot to do with the most innovative developments in the digital currency space since the conception of Bitcoin in the late noughties. The currency has grown so popular that even banks might start to consider it as a normal payment option in the near future.

Keeping all that in mind, it is not too surprising that CoinPoker has seen the potential of the digital currency. Perhaps the most compelling reason for the adoption of USDT is the fact that it offers a solution to the prevailing volatility problem that continued to plague a number of digital currencies. A stablecoin also creates room for accelerated growth, something that CoinPoker certainly needs in order to achieve its very ambitious growth plans.

The biggest perks that CoinPoker will be getting from USDT include stability, better transaction speeds as well as reliability. All of these are valued features among the members of the poker community and their existence will certainly make the site an attractive option for even more gamblers.

What About CHP?

Despite the fact that USDT will be taking over as the main in-game digital currency on CoinPoker, CHP which is the operator’s digital token will remain in place. According to CoinPoker, “CHP is the currency of the CoinPoker economy, and it will stay this way, except stronger than before.” The company still has some pretty huge plans for the token especially with regards to bringing customers more perks.

Using CHP will not be forced down the throats of the customers but those who choose to use it will gain special access to some exclusive perks and benefits. These will include such things withdrawal fee discounts, dedicated promotions, giveaways, special games, and special access to the sportsbook as well as rakeback. In addition to those, players who will be using CHP will also get 50% more Leaderboard points.

This is a pretty huge leap forward for CoinPoker, the crypto community, and the online poker community. Players can already join the action using fiat, BTC, or ETH if they do not have USDT yet – the in-app currency conversion really comes in handy here.

Pbet to Redefine Gambling with Its Blockchain Solution

Posted on August 4, 2019August 2, 2019 by Kelley N.

Its been over a decade since the blockchain, as we know it, came to be. In that period, technology has proven that it is a useful tool for a vast range of applications beyond digital currencies and one of the sectors that have embraced it is the gambling industry. It has been said on more than one instance that the very dynamic blockchain technology is set to completely redefine the gaming industry – this is already happening.

Pbet, a rising crypto-powered gambling platform is one of the companies that is championing the quest to “blockchainize” the gambling industry. That said, it is easy to see that the casino is much more than a mere cryptocurrency casino. The gaming company has come up with a complete blockchain-based crypto-based gaming platform that is set to spark up a revolution of sorts in the gambling industry. In essence, with the new platform, Pbet is addressing some of the most user-oriented concerns when it comes to online gambling – these are fairness, transparency, safety, and security as well as affordability.

Pbet’s innovative and revolutionary idea is a blockchain crypto-based Unified Gaming Platform and its intended to create a convergence between land-based casinos and online gambling sites. All this will be added while combining both the players, the casinos and the Pbet platform itself with each set to benefit from added value.

“We are driven by the mission to combine all 3 pillars- physical casinos, players and Pbet- through our disruptive blockchain crypto-based Omnichannel Gaming platform business model. Our state-of-the-art platform is strategically designed to benefit both the players and casinos through blockchain technology”, stated a Pbet spokesperson.

The Perks

To begin with, Pbet’s new blockchain solution is set to give the players even more reason to trust the gaming platform and this will be achieved through the transparency of information. This will help to address trust issues which have always been a major concern for players across all major online gaming platform despite the operator’s efforts to address the issues.

Fairness aside, players have also complained about the slow nature of the payments at the casinos as well as the high transaction fees that they are charged. Pbet’s gaming platform will be addressing this issue by introducing a payment solution that will fix both of these problems – it will be fast, reliable and very affordable. Considering the tremendous improvements that have been made to blockchain technology, the users can expect near-instant transactions speeds.

Moreover, Pbet has also recently announced its Omni-Channel Pbet Reward Club. This will assist its partner casino to benefit from hospitality sectors in order to provide freebies which are meant to assist with player acquisition and retention.

Online Crypto Sportsbook and Gambling Platform Goes Beta

Posted on April 4, 2019April 2, 2019 by Kelley N.

Wagerr, a new generation online cryptocurrency sportsbook and gambling platform has recently opened access to its 3.0 testnet in private beta, that is, this is now available to a small group of customers – 50 to be more precise. The expansion will allow the core group of valued users within the crypto community to test the company’s new 3.0 mainnet fork before it is finally released.

Wagerr’s new version 3.0 upgrade includes a complete redesign of the website interface and the backend betting protocol – these are meant to not only improve scalability but to also assist in making the overall system much more efficient than it was before.

More About Wagerr

Wagerr is a decentralized online gambling platform that touts itself as the blockchain for betting. The platform uses its native WGR token to facilitate payments made within the Wagerr ecosystem thus providing its users with fast, extremely affordable and effortless payouts – the token is a proof-of-stake coin which uses coin “weight” and a randomization system to calculate the chance of rewards staking. To provide its users with the highly secure and fair betting services it boasts of, Wagerr utilizes various forms of blockchain technology including master nodes and smart contracts. In addition to that, the gaming platform has recently made significant upgrades to its Oracle Masternode system.

Oracle master nodes use Application Specific Smart Contracts (ASSC) to ensure both stability and security on the network and this, in turn, provides platforms such as Wagerr with a secure and decentralized network that assists in keeping the sportsbooks updated while also verifying the bets made through the smart contracts. Moreover, the system includes a revenue model that allows the customers to make a bit of additional income through the Wager platform by becoming one of the masternodes on the Oracle system.

Lightning Spin Becomes First-Ever LApp to Sell

In other stories, Rui Gomes, the creator of Lightning Spin which is one of the pioneering Bitcoin Lightning Network’s pioneering lightning applications (Lapps) also recently announced that he was selling it. With the Lapp players “could pay 6¢ for a single spin, (1 BTC was around $6,000 back then) and withdraw your winnings in seconds — something that would be impossible with the fiat system and would be increasingly difficult on Bitcoin’s base layer.”

While very little details have been disclosed about the buyer of the gaming app, Gomes assured fans of the game that the new owners shared his vision and therefore they can expect the same features and perks as they did before.

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