Integrating the CashBet Platform into their games, mobile and social game developers have the ability to participate in the otherwise inaccesible $36B online gambling market. Until now, this lucrative opportunity, where LTVs are on the order of $1,000 - $1500, has been off-limits to game developers due to the enormous technology and regulatory hurdles.
Players residing in legal gambling jurisdictions are given the option to play for real money. CashBet holds appropriate gambling licenses and handles player registration, verification, banking, and compliance. Game developers integrate the CashBet Platform, "piggyback" on our licenses, and collect a check at the end of the month.
Currently 4 states have online gambling laws in effect and another 25 have bills in their legislature. Mobile gambling is growing rapidly. The US may be a $10B market by 2018. CashBet is poised at the convergence of social, mobile, and real-money gambling and will aggessively pursue US markets.