This story was published more than 2 years ago.
Unikrn has a global presence, with offices in the U.S., Australia, and Germany, and is working to integrate its platform with blockchain technology to offer secure betting on video game tournaments. The licensing by the Isle of Man will allow the company to offer their services throughout the globe, as multiple nations recognize the license within their country.
Unikrn is working on being able to offer their services within the United States, as they have plans to operate within 41 states when they approve of wagering on video games.
Speaking about the licensing, company founder Rahul Sood said, "We had to go through a major audit with the Isle of Man, to see how we handle 'know your customer' (KYC) and 'anti-money laundering' (AML) and how we handle wallets. This has been four years in the making. We spent a lot of time working with regulators doing something that five people with a white paper wouldn't be able to do. That's what makes us different."