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Chancer nears presale sellout in stage 3 as amounts raised surpass $2.39 million. Investors are attracted to Chancer’s decentralised betting feature Chancer could rise by up to 10x in the future as P2P betting grows Betting has, for a long time, been centralised. Bookmakers control the platforms and decide betting rules and odds. However, this is changing with blockchain, with the idea of giving betting control to wagers. Chancer endeavours to become the world’s first decentralised platform for bettors. Users can set betting events and create rules and odds for successful bets. The decentralisation has attracted investors, who have accumulated over $2.39 million tokens in  presale . How does Chancer work? Chancer covers two betting mechanisms: conventional betting and social betting. Conventional betting is for known events like football, basketball, marathons, etc. It is akin to traditional betting but with a touch of blockchain. Soc...

Indian authorities are intensifying their crackdown on gaming and betting applications using cryptos and offshore companies to evade taxes.  According to a report from The Economic Times, several agencies are investigating networks of dummy companies that allegedly use crypto assets to transfer earnings out of the country. One of the main targets of the investigation is Parimatch, a group based in Cyprus that is accused of running one of the biggest networks under scrutiny. The group is said to have collected a whopping ₹700 crore ($84.1 million) from Indian users of gaming apps, and converted these funds into cryptocurrencies to evade detection. Moreover, the probe , led by the Directorate General of Goods & Services Tax Intelligence (DGGI), has exposed a complex web of individuals and entities involved in these operations. Around 50 platforms and individuals in Delhi have been examined as part of this ongoing probe . The report comes a week after the Indian Economic Offens...

The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable. A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price , with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement. On May 2, Srinivasan, the former chief technology officer at Coinbase, said the bet had been “closed out by mutual agreement” 45 days ahead of time. As a settlement, Srinivasan paid pseudonymous Twitter user and self-titled “hyperinflation doubter” James Medlock $500,000, donated $500,000 to Bitcoin Core developers and gave an additional $500,000 to the non-profit charity Give Directly. I just burned a million to tell you they're printing trillions. pic.twitter.com/pX5622rjUO — Balaji (@balajis) May 2, 2023 “I settled the bet ahead of time and donated even more than I had committed,” Srinivasan tweeted. “I’m not in the habit o...