Gritcult presses Prostake on whether their “skill-based betting” model is actually gambling
“What we are doing is not gambling. What happens on a Prostake is when you bet on a user, you’re backing them. You’re taking a part of the entry fee for this cash match or this tournament in exchange for a share of the prize pool”
“I don't know about that, because your opening sentence was basically, ‘we're not gambling, but you bet’”
“So for example, I’m gonna do a 1v1 for $10 each. We are playing a skill-based game, that’s for sure, it’s completely skill-based. And the interesting part is when someone bets on this game, they’re taking a part of your $10. There are already competitors doing this exact same model. They’ve paid out around $400 million in the last five years to users, so this doesn’t prove that it’s legal, but it is a very good sign”
“If I’m being honest, that’s still not very clear to me”
This is insane.
19,000 hackers registered for Frontier by @colosseum since April 6, including 16,000 new.
That's 15 new Solana builders born every hour.