US start up Betable has developed an API designed to add 'real money gambling' to new or existing social and mobile games.
The company which boasts a worldwide license to deploy in-game gambling from the UK Gambling Commission says the API both calculates the result of each gamble and handles the payment process itself.
Betting the farm
Betable also claims that, owing to the fact this kind of gambling is illegal in many parts of the world (including the US as things stand), the API verifies a user's location before allowing any money to change hands.
"At Betable we're unlocking real-money gaming for developers who can innovate in what, up until now, has been a massively impenetrable space," explained Betable's founder and CEO Christopher Griffin.
"Our partners and investors believe that Betable represents the largest opportunity for innovation and monetisation for game developers in years."
Investor attention
The firm has raised an undisclosed amount from more than 25 investors in its recent seed funding round, and has just opened its private beta developer programme.
"We believe that first-movers in real-money gaming will enjoy a substantial advantage," said Griffin.
"Our goal is to partner with select groups aligned with Betable's vision of affecting positive change in casino-style games, one of the world's most stagnant yet profitable forms of entertainment."
Developers interested in applying for Betable's private beta developer programme can visit the Betable developers website to learn more.
[source: Yahoo!]
Top Stories
News
2 hours, 55 minutes ago
Week in Views - Squads busted, Apple crushed, War zoned and Snoozin' with the Snorlax…
News
2 hours, 55 minutes ago
Week in Views - Squads busted, Apple crushed, War zoned and Snoozin' with the Snorlax…
Feature
4 hours, 7 minutes ago
Speaker Spotlight: Dubai Future Foundation's Faisal Kazim on leading Dubai's gaming charge
Feature
9 hours, 55 minutes ago
New release roundup: The best new mobile games from cartoony cats to sports stars
Events
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |