Cryptocurrency esports moves to Isle of Man with Luckbox securing a licence

Luckbox has become the first cryptocurrency-supported esports betting platform to secure a top-tier gambling licence in the Isle of Man.

Cryptocurrency esports moves to Isle of Man with Luckbox securing a licence

Real Time Games Holding, the company behind Luckbox was awarded a full licence under the Online Gaming Regulation Act (OGRA) by the Gaming Supervision Commission.

This license allows Luckbox to accept in-game items, crypto and fiat as currency when conducting transactions with players.

Luckbox has said the company “chose the OGRA license as it as it is regarded among the most reputable gambling licences in the world, uniquely requiring all player funds to be held in mechanisms that guarantee players’ monies, ensuring if an operator goes into liquidation, player funds can be repatriated to the player.”

Luckbox will now join other brands that hold OGRA licenses such as PokerStars, FullTilt, SBOBet and 188Bet .

 

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Jake Patel
Gambling Writer

Jake Patel is a journalist and content writer who began his media career as an Editorial Intern at Gambling Insider from June to September 2018. During his internship, he pitched, researched and wrote news stories for the publication’s website, contributing daily coverage on industry developments across the global gambling and iGaming sector.

Jake also produced editorial content for several of the brand’s print titles — including Gambling Insider, Tribal Focus Magazine, Trafficology and US Gaming Focus. His work involved conducting interviews with industry professionals, supporting feature creation, and assisting with editorial content commissioned for advertising partners.

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