Renowned World Poker Tour champion and professional poker celebrity Phil Ivey is making waves in the world of online gambling with his backing of the new decentralized online poker platform, Virtue Gaming. This innovative platform, built on the Ethereum blockchain, has just launched the first play-to-earn digital poker casino in the United States.
In a country where only six states have legalized and regulated online poker, the introduction of Virtue Gaming is a game-changer. The slow progress in the U.S. regarding online poker legalization is largely due to fears that international platforms would siphon revenue away from domestic brick-and-mortar casinos. Even in the states where online poker is legal, operators must navigate a complex web of individual jurisdiction licensing requirements.
But Virtue Gaming is offering a solution to this problem. By providing users with 500 Virtual Player Points (VPP) valued at approximately $147.37 USD, the platform is introducing a play-to-earn model that circumvents traditional gambling regulations. This unique approach allows U.S. residents to access a digital poker experience that was previously off-limits to them.
The play-to-earn model employed by Virtue Gaming has caught the attention of many in the industry. According to legal experts, the provision of free points that can only be used within the platform may offer a regulatory loophole that shields the platform from traditional gambling restrictions. Currently, Virtue Gaming boasts a player base of over 25,000 individuals from outside the U.S., showcasing the platform’s appeal on a global scale.
With Phil Ivey’s endorsement and the innovative play-to-earn model, Virtue Gaming is poised to disrupt the online poker industry in the U.S. and beyond. As the platform continues to attract players and expand its offerings, it represents a new frontier in the world of digital gambling.
For enthusiasts eager to experience the thrill of online poker in a legal and regulated environment, Virtue Gaming is a name to watch. Stay tuned for updates on this groundbreaking platform as it reshapes the landscape of online gambling.
