FunFair Technologies approved for first Isle of Man token-based software supplier licence

18 September 2019

FunFair Technologies, a market leading decentralised B2B casino platform, has set another industry first being approved for a tier one, Token Based Supplier licence from the Isle of Man.   

The licence is set to support Funfair’s ongoing growth and wider business strategy focusing on regulated gambling in the blockchain space. 

The licence enables FunFair to operate within the framework of a tier one gaming jurisdiction, ensuring full compliance with its regulations and further safeguarding FunFair-powered casino customers and end users. 

It also puts FunFair directly in front of the Isle If Man’s licensees as the most legitimate blockchain casino platform on the market. Further enabling FunFair to drive home the huge benefits of blockchain and the FunFair platform to eGaming companies through their whitelabel and operator licensed offering. 

As part of the licensure process, FunFair has established - FunFair Holdings (IOM) Ltd - based in the Isle of Man to work closely with regulatory bodies and other licensed organisations based out of the dependency. 

Stefan Kovach, CCO at FunFair Technologies, commented: “We’re incredibly proud and excited to have been approved for a licence from a tier one gaming jurisdiction. Not only does this legitimise FunFair’s blockchain gaming ecosystem but it also keeps us right there as a leader at the forefront of regulated, decentralised technology and token-based gambling”

Lyle Wraxall, CEO of Digital Isle of Man, commented: "Digital Isle of Man is delighted to welcome FunFair to the Isle of Man as the first operator to obtain a token-based software supplier licence in our jurisdiction. The agency is continually working to develop the Island’s digital sectors and what makes this licence so exciting for us is that it links two of our key sectors; eGaming and Blockchain. As an addition to our cluster of digital stakeholders, FunFair will offer opportunity for existing Isle of Man operators to take on new products as a result of the license.”


About FunFair Technologies

FunFair is the leading B2B blockchain casino platform provider revolutionising the online casino industry. FunFair’s offering extends to operators and whitelabels alike; with 2 brands live and another in development. Funfair continue to focus on their mission - to provide the ultimate blockchain casino platform, enabling consumers to experience world class games that are fairer, safer, more efficient and more user friendly.