PlayUp Interactive Pty Ltd has gambling operator license from Australian Gambling and Racing Commission. For a long it has had operations in Australia, New Zealand, and India. But it is now going global, with its site on the US market.
After receiving the Advance-Deposit Wagering (ADW) license from the US state of North Dakota, the dream is valid. It is set to launch its operations in the country, this fall. If successful, will be able to accept bets from Americans on all forms of racing in at least 20 states.
In the meantime, the company is not just seating. Through its subsidiary PlayChip, it is working on a fully-fledged decentralised gaming network. The network will have its own token serving as the reward or currency. As a matter of fact, the PlayChip system is already up and running. It’s only a matter of time before it launches the network’s first cryptocurrency to make it an all exclusive digital currency betting platform.
PlayUp Acquisition Foray
For a while now, PlayUp Interactive Pty Ltd has been upping its stake in the gambling sphere. It has acquired some fiat currency-based gambling platforms. All these is towards creating a universally independent gaming platform with its own digital currency.
The PlayChip is the company’s subsidiary focusing on crypto gambling. So, it is overseeing plans to decentralise internet gaming.
A decentralised platform enables the industry to exploit the advantages of blockchain technology. Some of these benefits include:
• Fast and safe gaming money transfer.
• Guarantee transparency and fairness.
• Delimitation of gaming geographical boundaries.
PlayUp intends to use these acquisitions to lay the foundation of a decentralised gambling network. Do you know what this means if it succeeds? Sports fans and gamblers will be able to connect and compete undeterred by their geographical locations.
Here is a list of companies owned by PlayUp Ltd, and which is the centre of this network:
• PlayUp AGC
• PlayUp Bet
• PlayUp X
• Sports Fantasy Pro
PlayUp Global Presence in Online Gaming
The Australian giant remains optimistic with its plan for a global audience as it expands to the international sphere. With its six different brands, it offers:
• Innovative Sportsbook.
• Daily Fantasy Sports platforms.
With its Daily Fantasy Sports (DFS) provided by its Draftstars brand, the company is a frontrunner in both Australia and India. In New Zealand, the network already owns powers renowned brands ClassicBet, TopBetta, and Mad Bookie.
PlayUp, via its PlayChip, is currently running the world’s only fully-integrated blockchain online gaming and gambling ecosystem with its own PlayChip utility token. This token is the system’s universal payment and rewards system. It will be interesting to see how it works out there once it launches the digital currency.
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