Crypto-betting company granted licence

Monday, 8 July 2024 09:00

An egaming site that specialises in cryptocurrency betting has been given a licence by the Gambling supervision Commission.

Bitblox, which has registered offices on Circular Road in Douglas, lets players bet on fluctuations in the price of crypto tokens such as Bitcoin.

The company says it can now provide its games to operators and aggregators in markets covered by the licence.

It says it hopes to expand with free-to-play and real money tournaments, as well as adding social engagement to its games.

More from Isle of Man Business

Special healthcare recruiting event this summer

Healthcare and social care professionals are being invited to a special recruitment event this summer.
Date set for flagship maritime industry event

A gathering described as the Island's flagship maritime event will be taking place next month.
14th Aviation Conference takes place this week

An event in Douglas this week will gather together some of the top names in the aviation industry.
Financial Intelligence Unit releases guide on spotting modern slavery

The Island's Financial Intelligence Unit has published a new document outlining red flags businesses should watch out for when it comes to human trafficking and modern slavery.
Total of 70 ships and companies sanctioned over Ukraine war

The Isle of Man has added 70 companies and ships to its sanctions list because of their involvement in the Ukraine war.
New stamps celebrate Island supercar culture

A new collection of stamps is being released by the Post Office to celebrate supercar culture and the Island's motorsport heritage.
New survey to gauge how confident businesses are

A new government survey's been launched to measure business confidence on the Island.
Tynwald to consider scrapping some government agencies

Should government agencies in the Department for Enterprise be scrapped?