Gambling ICOs On The Rise, As Researchers Warn Of Cybercrime Danger

The latest in a series of high-profile gambling cryptocurrencies is set to launch next month, against a backdrop of mounting security concerns around the lucrative "initial coin offering" (ICO) funding mechanism that underpins them.

Esports-only online bookmaker Unikrn announced in June that it was to launch its own virtual currency called UnikoinGold, and has now confirmed that it will kick off the initial coin offering for its "tokens" in September.

The company hopes to raise $100m through the sale of this new currency, which can be used to wager on the betting platform or traded for other currencies through various online exchanges.

To continue reading please log in or request a demo to speak to a member of the team.

Request a Trial

Click here to request a trial