Cashbet raises $38 million from token sale

CashBet has raised $38 million in its token sale the proceeds of which will build a Crypto-currency-ready mobile iGaming platform.

The company revealed investors from over one hundred countries had participated in the sale and the distribution of 142,975,000 tokens is now underway and will continue through to the end of June.

“The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions,” said Mike Reaves, CEO and Co-Founder of CashBet. “We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”

CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission.