As the world’s leading cryptocurrency Bitcoin continues to flourish. While it is yet to impact on the lives of a huge chunk of society, it is becoming more and more prevalent and accepted in far great places than ever before.
One of the most interesting industries accepting Bitcoin is the online gambling sector. Not in the UK yet, where the regulations surrounding betting accounts, payments and money laundering are far stricter than other jurisdictions. But worldwide.
Here in the UK, the Gambling Commission have put in strict regulations that bookmakers and betting sites must abide by. The KYC (Know Your Customer) rules means that identity, payment methods and authenticity are a must if customers are to be allowed to place a bet.
As a result, betting with Bitcoin – or other cryptocurrencies for that matter – isn’t yet possible on these shores. And that is unlikely to change any time soon unless the crypto world can dovetail with the UK Gambling Commission regulations.
Elsewhere, however, bookmakers and betting sites around the world are accepting bets and deposits via ewallets and in cryptocurrencies from Bitcoin to ZCash and Ethereum to TRON.
ADVERTISEMENT
Some of the leading global bookmaking brands like Betwinner, 1xBet, Melbet and 888Starz, all accept deposits in cryptocurrencies, which is bet in BTC or converted into a currency to bet with online or via their betting apps.
One that has taken things even further is 1xBit, which offers the 1xBit promo code NEWBONUS. They are a sportsbook and online casino that only deals with crypto currencies and particularly Bitcoin. No surprise where the name came from.
ADVERTISEMENT
It isn’t something new either, because 1xBit saw this coming some time ago having been formed and founded in 2007. They are a traditional bookmaker in every sense other than the accepted payment methods of initially Bitcoin and now a wider array of cryptos.
What 1xBit saw about cryptocurrencies was the benefits of withdrawing winnings instantly. The experience mimicked that of a betting shop, collecting hard cash as soon as the bet was won. There was no three or five day delay for winnings to appear into a bank account.
Now it is possible to bet online using Bitcoin far widespread than just via 1xBit, although they do remain one of the leading betting sites for crypto customers.
ADVERTISEMENT
Is Bitcoin about to become the best way to bet online? Not every bookmaker will ultimately accept it as a payment method, particularly when the regulations governing them are tight. But the list of those that do is growing weekly and monthly worldwide.
Betting via BTC is beneficial on both sides of the wagering fence, because it is easier for both customer and bookmaker to process payments and get their hands on the money quickly and easily.
As a currency that transcends countries, regions and continents, it is a global player and undoubtedly here to stay. While the online gambling sector can be accused of being slow to react from time to time, this is one area where innovation is leading the way.
Expect other industries like online shopping to learn from how bookmakers have adapted and added cryptocurrencies to their offering and business model. Bitcoin is set to boom in online betting and as it paves the way for a far wider impact.
Business
Spinningfields to celebrate launch of new app with competition to win hundreds of FREE prizes
Emily Sergeant
You can be in with a chance of winning one of hundreds of free prizes just by heading down to Spinningfields next week.
In case you hadn’t heard, Spinningfields has just launched a brand-new app that’s now available to download, and in a bid to mark the occasion and properly celebrate this exciting launch, the city centre leisure and business district will be hosting an epic ‘Spin to Win’ event where there are hundreds of prizes to be won.
The new Spinningfields app is your ultimate guide to everything happening in the area, and it gives you access to special offers, fun monthly competitions, invitations to exciting events, community news, volunteering opportunities, and so much more.
Oh, and the best part about it? It’s free to download and sign up.
To celebrate the launch of our Spinningfields app, join us at Spinningfields Square between 8am and 5.30am on Tuesday 10 September. Download our FREE app, grab a FREE coffee from 92 Degrees (just for showing up), and spin to win some amazing prizes!
To start making the most of all of these exciting perks, you just need to download the Spinningfields app from the App Store or Google Play on your phone and verify your account, and then once you’ve done that, you’ll be able to head on down to Spinningfields Square next Tuesday (10 September) to spin the wheel for your chance to win some amazing prizes.
Some of the prizes on the jam-packed lineup include tickets to Chaos Karts and The Crystal Maze LIVE Experience, £100 vouchers for Australasia, £50 vouchers for Fazenda and The Ivy Spinningfields, plus free coffees, waffles, and doughnuts from Black Sheep Coffee.
You could also win yourself some complimentary cosmetic treatments at The Medika Clinic, as well as loads more, all by just spinning the wheel.
And if the prizes somehow weren’t good enough to tempt you down to Spinningfields on their own, then luckily, there’ll also be a free freshly-brewed filter coffee for everyone who downloads the app and shows up on the day, while stocks last.
Basically, you’re guaranteed to walk away a winner no matter what.
The Spinningfields ‘Spin to Win’ official app launch is happening at Spinningfields Square on Tuesday 10 September from 8am to 5:30pm, and as organisers are anticipating the event will be busy one, it’s recommended that you download the app and verify your account before attending to ensure a smooth experience.
Plans unveiled to turn old Oxford Road HATCH site into new ‘entertainment hub’
Emily Sergeant
Exciting plans have been unveiled to create a brand-new “entertainment hub” in the heart of Manchester city centre.
One of the UK’s fastest-growing leisure chains, STACK – which already has several similar successful sites across the country in places such as Newcastle and Sunderland – has announced that it has now taken control of the former HATCH site beneath the flyover on Oxford Road, and will be transforming the space into a “dynamic blend” of street food, bars, and live entertainment.
The proposed new venture, which will be called STACK Manchester, has been designed with a gateway arch entrance from Oxford Road, leading to an expansive open plaza surrounded by street food vendors and bars.
Forming a permanent feature of the Oxford Road Corridor if approved, STACK Manchester will be housed in repurposed shipping containers, and arranged over two levels.
Developers say the design of the new site will incorporate “ample” glazing and pavement seating to create a “lively frontage that connects seamlessly with the street”.
Central to the development is a large stage, which will be a focal point for daily live entertainment that ranges from family-friendly events and quiz nights, to mass sing-alongs and dog shows, and in addition to this, there’ll also be two new outward-facing retail units and a dual-aspect coffee shop.
Former traders from HATCH are encouraged to apply for a place in the new STACK Manchester, and will be given priority during the selection process.
Speaking as the plans for the new development were unveiled this week, Neill Winch, who is the CEO of STACK, commented: “We believe this site is the perfect fit for our concept, and we’re excited to bring our blend of street food, bars, and live entertainment to Manchester.
“Subject to planning approval being granted, we are confident STACK Manchester will become a much-loved venue for local residents as well as a successful visitor attraction.”