Even though there are very rarely any repercussions surrounding illegal gambling online, it is still considered risky business. LetBet is now creating a revolutionary platform where users can safely and legally place bets online and enjoy a casino setting without as many legal and currency restrictions. LetBet allows users to gamble with coins referred to as LBT coins, serving as a form of cryptocurrency that proves to be much more secure and trustworthy to play with.
- The worldwide gaming industry constitutes an heretofore unanticipated, borderless economy of such wealth that it is expected to pass the fifty million mark in 2018.
- Blockchain is aiming, via its technology, to make the gambling industry safer and fairer, thereby lessening the corruption that has sadly been the status quo.
- By use of innovative smart contracts Blockchain is looking to add transparency and proveability to a system that is often skewed against the wager-placer
“You can safely bet that many governments would like to be collecting taxes on this rapidly expanding market, which has doubled in size since 2011.”