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Legal & Regulatory

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.

luckbox logo

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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