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Innovation or AML Risk? Online Gambling Operator Promises Guest Play

articleStartImage Online casinos, while lots of fun, are plagued with issues, with trust first and foremost. Recently, a blockchain-based platform has embarked on a mission to fix that and more. The TruePlay platform was developed in 2017, and quickly gained attention as a viable solution to most of the industry’s problems. Created by Oleksiy Mageramov, Stanislav Makarchuk and Oleksii Ragozin - veterans of the online gambling industry - TruePlay seeks to create a truly transparent platform that any gambling project would be able to implement.  Their first concern was the players. The backbone of the gambling industry, players were often the ones who suffered the most: from the variety of scams, the inefficient gambling operators, and rigged algorithms. The TruePlay team believed that the client must always be the winner, and so they presented players with a unique fair gaming control system, where all possible combinations are recorded onto blockchain before the start of the game and cannot be altered during the game, or manipulated in any way, regardless of the bet size. Player experience was also a major issue, that’s why all TruePlay based projects share a single user profile, login and player statistic, and accept a single token - the TPLAY - as payment.  Gambling affiliates have always had a rocky relationship with gambling operators, as the latter would often keep the real player statistics away from affiliates and thus deny them a fair commission. TruePlay is unique in that it allows for a transparent player ledger, enabling affiliates to see the number of players they brought to the project, their bets, and the commision that results from them. Before TruePlay, affiliates were entirely at the mercy of gambling operators, but with blockchain-based tech, that’s no longer the case. This new system, quickly hailed as a gamechanger, was adopted by Pokerdom - one of the world’s largest online casinos, which began accepting (TPLAY) utility tokens from as payment.

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