CashBet raises $38m for crypto-ready mobile platform

CashBet has raised $38m (€32.9m) via a token sale to develop what it said is the world’s first complete crypto-ready mobile gaming platform.

The token sale, which CashBet said represents the largest igaming ICO project in history, attracted participants from more than 100 countries.

CashBet hit its hard cap of 142,975,000 tokens during the process, with tokens distribution taking place until the end of June.

Current CashBet Coin partners include Lottery.com, Greentube, and Imperial Play, as well as English Premier League football club Arsenal.

Mike Reaves, chief executive and co-founder of CashBet, said: “The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly igaming solutions.

“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.”

Related article: CashBet bolsters executive team with new hires