Virtue Gaming launches play-to-earn crypto model to bring online poker to US players

The platform is backed by World Poker Tour champion and professional poker celebrity Phil Ivey.

On Friday, Virtue Gaming, a decentralized online poker platform built on the Ethereum (ETH) blockchain, launched the first play-to-earn digital poker casino in the United States.

In the U.S., only six states (Nevada, Delaware, New Jersey, Pennsylvania, West Virginia, and Michigan) have legalized and currently regulate online poker. The country has been slow to act on the subject due to concerns that international poker platforms would take revenue away from domestic, land-based gambling venues. Moreover, even in the said states, poker platforms must obtain licenses from each individual jurisdiction to operate.

As a result, U.S. residents typically cannot access popular online poker platforms, such as PokerStars or 888 Poker, available to players in the rest of the world. To solve this issue, Virtue Gaming proposed a play-to-earn setup where the platform gives users 500 Virtual Player Points, or VPP, worth an approximate $147.37 USD.

Players will receive these for free upon signup. Players who meet the minimum playtime requirements via cash games and tournaments can then cash out their VPP for USDT. U.S. players would then be able to compete with players for the rest of the world, who transfer VPP, ETH, or other cryptos into Virtue Gaming’s locked sidechain smart contracts to stake in the game. To prevent cheating, the platform implements peer-to-peer encrypted shuffling for all decks.

Virtue Poker Casino UI | Source: Virtue Poker

According to legislation, “points or credits that the sponsor of the game or contest provides to participants free of charge and can be used or redeemed only for participation in games or contests offered by the sponsor” fall outside the scope of the legal definition of a bet or wager and could theoretically give the play-to-earn model some regulatory leeway. At time of publication, there are currently over 25,000 players from outside the U.S. on the platform.

Bitcoin.com’s Crypto Casino Conducts Christmas Raffle with Cash Prizes Worth $10,000

Bitcoin.com is set to put players in the mood to celebrate Christmas with one of the biggest giveaways of the year!

💰$10,000 in Cash Prizes Up For Grabs🎁

Christmas festivities start early this year at our very own crypto casino, Bitcoin.com Games, as we’ve launched a brand new raffle that culminates into a draw announced on Christmas day. Lucky players at the end of the draw will take home cash prizes worth $10,000 that are likely to set them up nicely for the year-end celebrations.

Anyone can win! That’s the allure that is attracting plenty of players to this one-of-a-kind promotion. Upping the ante of the holiday spirit is the fact that you can play any game available on the casino to claim your tickets to the raffle. Any player can be the happy receiver of the luck of the draw with 10 positions being rewarded at the end of the raffle. Even if you have just 1 ticket, it is possible for you to land the top prize of $3,000 all by yourself simply by having lady luck on your side!

Anyone can win the top prize of $3,000 even with just 1 ticket to the raffle.

The build-up to Christmas beginning on the 1st of December ensures all players have a sufficient amount of time to gather as many tickets as they can to maximize the possibility of being drawn a winner. Because, of course, the more tickets you have, the greater your chances of winning.

Bitcoin.com Games is the most trustworthy crypto casino where you can enjoy high-quality games from all the top providers in the world. Combined with the smooth user experience and top-notch customer service that ensures premium gameplay round the clock, the crypto casino has become the go-to gaming portal for many players since its launch in 2016. The premium gaming platform also allows users to play all the popular casino games without worrying about in-depth KYC or upper limits on deposits or withdrawals.

The Xmas Raffle🎄 promotion is ongoing at Bitcoin.com Games, offering you to play many exciting games while standing a chance to win from $10,000!

Check out this brand new promotion from Bitcoin.com Games or play one of the exclusive games like Bitcoin Blackjack on the casino’s website.

What do you think about Bitcoin.com Games Xmas Raffle with prizes worth $10K? Let us know what you think about this subject in the comments section below.