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HABANERO GOES LIVE WITH SNAITECH – European Gaming Industry News

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The global betting and predictions market is expected to grow to over $92 billion by 2023 as new players, nations, and states embrace the industry. Huge economies such as the U.S. have long prohibited gambling but in 2018, some states legalized the practice, adding $1.5 billion to the global recorded figure of online betting revenue by the end of 2020.

Image source: Azuro

With many other states expected to follow the path, the gambling industry may surpass the predicted figure – $100 billion in annual revenue being the target by the end of 2023.

In light of the explosive rise in sports betting during the pandemic, many decentralized betting protocols have come up trying to sway users and players towards blockchain-based prediction markets. On Wednesday, Azuro, a decentralized DAO of betting and prediction markets, announced a successful $3.5 million seed funding round led by top VCs and angel investors ranging from DeFi, GameFi, traditional betting markets, and other blockchain-related areas.

The seed investment round was led by three companies namely Gnosis, Polymorphic Capital, and Flow Ventures. Other investors in the round included Ethereal Ventures, Arrington XRP Capital, AllianceDAO (a.k.a. DeFi Alliance), Delphi Digital, Meta Cartel Ventures, Merit Circle, and Clever Advertising.

Since the launch of decentralized prediction platforms in 2017, the space has rather stagnated despite the demand from players and the crypto ecosystem skyrocketing to a $3 trillion market capitalization. While many attempts have been made to make them work, most of these platforms have failed terribly in delivering on the fundamentals that Web2 betting companies capitalized on including an array of events, deep liquid markets, competitive odds, and multiple betting options. Additionally, current blockchain-based betting solutions suffer from single liquidity providers, product depth, and a bad UX for their players.

The latest capital injection into Azuro aims to solve these problems by launching a transparent, trustless, and decentralized platform. Currently, liquidity providers (LPs) on prediction markets have to start markets manually, set the odds and seed liquidity to each market they create. This means the LPs hold all the betting risks while having little incentive to do so. This has caused massive capital and liquidity exiting the decentralized prediction markets – as it happened with Gnosis, a partner of Azuro.

Furthermore, prediction markets are inefficient for bets with 3 or more outcomes. Most are bound to stick with YES/NO markets, which is dramatically insufficient especially for sports and related bets with more than two outcomes. Lastly, most of these platforms face regulatory pressure and geographical constraints, which could impact the growth of betting markets or even see them shut down.

Unlike its competition, Azuro is building a new protocol to enhance liquidity provision and minimize the betting risks for LPs on the platform. The platform employs a “pooled liquidity structure”, similar to DeFi protocols, which means LPs will not have to manually create markets and are not exposed to the betting market’s systematic risks. Instead, the risk is spread across all betting markets on the protocol, and therefore dramatically reduced for the LPs.

Additionally, the funds will be used to build a friendly UX architecture that allows for the full depth of the betting product available at centralized sportsbooks and a classic frontend, similar to traditional betting markets. Unlike most of the decentralized prediction markets today, Azuro will also allow users to easily set up multiple betting options, moving from the binary “Yes/No”, currently widely spread across decentralized prediction markets.

The decentralized betting governance protocol

Over the past year, DAOs have become the norm in the crypto industry, allowing participants on the platform to vote on proposals made to improve or upgrade the protocol. Similarly, Azuro plans to launch its DAO to reduce the external influence from regulators and authorities.

According to a statement, the platform holds liquidity as the base infrastructure layer with players and customer interactions built on top of it. This approach “outsources much of the direct-to-consumer efforts and relieves Azuro from most of the regulatory, KYC, legal and operational lift”, the statement further reads. Azuro breaks the role of traditional bookmakers into smaller roles, much more attainable for smaller participants. Azuro connects these participants in an elaborate dance thus providing players with a better experience in a decentralized way.

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OpTic Texas Forfeits First CDL Series As Tempers Flare

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It was a season debut like no other, and owing to some memorable and somewhat tragic moments, it’s one that won’t be forgotten for a while. For OpTic Texas, it was a heartbreaking season opener, with a complex and (in the eyes of some) potentially malicious situation bringing about the decision to forfeit the fixture against Minnesota Rokkr. It doesn’t matter if you’re blaming the stability of the game or the decisions of Rokkr’s Cammy, it’s a sour situation all-round.

In the closing seconds of the third-round match, a Control on El Asilo, Cammy summoned an SAE – a GA’d killstreak. There’s a known bug concerning the SAE at present, and it causes the player to freeze in place upon kicking it off, and that’s exactly what happened. There were single-digit seconds left in the game when Cammy called it in and owing to the bug surfacing, the COD League rules determined that the entire round should be replayed.

At that point, OpTic Texas had already won the round.

Controversial, To Say The Least

optic texas forfeit scump

This isn’t how Scump wanted his final season to begin. (Image Credit: COD League)

There are several key pieces of information to take away from this situation. Firstly, given that the SAE killstreak is GA’d, Cammy shouldn’t have been running it in the first place. Furthermore, as a top-tier professional competitor, he should have recognised what it was that he was about to deploy, as the in-game menu does allow for a preview. Unfortunately, owing to limitations in the Modern Warfare II platform, once Cammy had set the SAE up, he couldn’t remove it again.

For now, there are arguments hailing from all sides of the debate. There is the party that believes Cammy was playing maliciously, deliberately using the SAE to trigger the bug and force a replay, especially considering there was no way that Rokkr could have won at that moment, and triggering the bug did bring a replay order around. There’s another party that believes it’s an unfortunate series of events made up of several mistakes and shortcomings of the platform.

Fortunately, Cammy was on hand after the match to explain the situation from his perspective:

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Astralis announces new LEC 2023 roster

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Another LoL news was introduced as the European League of Legends team, Astralis, has announced its roster for the upcoming LEC season. While keeping mid laner Dajor and the bot lane duo Kobbe and Jeonghoon within the organization, Astralis also acquired Finn from EXCEL and 113 from Karmine Corp.

Ready for the new season

One of the most famous esports organizations especially in the western world, Astralis never had great success in League of Legends. Unlike its success in different gaming titles, Astralis failed to achieve anything worthy in LEC. The team placed ninth in LEC 2021 Spring, 7-8th in LEC 2021 Summer, tenth in LEC 2022 Spring, and lastly, ninth in LEC 2022 Summer.

Despite the disappointing result of the last split, Astralis decided to keep its core within the organization and make a change for the top side of the map. Last split, Vizicsacsi and Xerxe were the top laner and jungler of the lineup but Finn and 113 will replace them in the upcoming LEC season.

astralis-2023-lec-roster

Image Credit | Astralis

As mentioned, Finn will take on the top laner responsibility. The Swedish player started playing professionally under the Magistra roof and player for nine different teams before signing a contract with Rogue to compete at LEC. He attended Worlds 2022 with his team and then signed with Counter Logic Gaming. After a year in North America, Finn made his return to Europe with EXCEL. This year, he will be a part of the Astralis roster.

The new jungler of the organization is the young Turkish player 113. He started career in Turkey, with SuperMassive Academy. After his success with the team and insane solo queue performance, 113 was acquired by Giants Gaming. He spent the last season with Karmine Corp with names like Cabochard and Rekkles and won the EU Masters 2022 Spring Trophy. He recently parted ways with the organization to join Astralis.

The original core remains

Other than the top side of the map, rest of the 2022 Summer Split roster will remain within the organization. The German mid laner Dajor, Danish marksman Kobbe and South Korean support Jeonghoon are going to stick with the team. Looking at the roster from last year, only Vizicsacsi and Xerxe are not going to be a part of the team. Dajor, Kobbe, and Jeonghoon had decent individual performances last year but they failed to show it as a team. Astralis lacked chemistry last year and that is why they failed to qualify for playoffs.

On another note, the organization has not made it to the playoff stages since it was founded. Astralis’ success in the European LoL esports world is surely not optimal. However, the organization still tries to form the best roster combining talented players to succeed in the region.

The new Astralis roster will compete against some of the best LoL players as the competition in Europe is pretty tough. With the combination of youngsters and experienced players, Astralis might be a real threat if they can build the chemistry needed. All of the players are very talented on an individual level but their communication and chemistry will decide their performance in the ucpoming LEC season.

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Almost caught the captain: KuroKy to lead Nigma in 2023 DPC despite retirement rumors

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Nigma Galaxy spent the last Dota Pro Circuit season away from the spotlight in the second division of Western European DPC. Despite making it back to the first division, the team’s future has been rather foggy; that fog has started to dissolve as the team announced KuroKy will remain at the helm.

Rumors surrounding KuroKy’s retirement started to pop up after The International 2022 as the team had been silent for a while. Though Nigma hasn’t officially confirmed the rest of its Dota 2 roster, the organization has been hinting that the majority of the roster could stick together for the 2023 DPC season.

At the time of writing, KuroKy is the only confirmed Nigma player for next season. However, Nigma has been posting content that could be seen as a verification for four other members. GH was featured in a YouTube video in early November where he addressed the rumors surrounding the Nigma roster. The position four player said that “everything was fine with the team.”

Another social media post by Nigma featured SumaiL and Miracle- shaking hands, meaning four members of the team were confirmed in various ways, only leaving Mind_Control in the dark. Nigma’s offlaner has been missing since the roster shuffle season began.

The only official roster change for the team is in the Coach position as rmN- was replaced by ImmortalFaith, formerly of Gaimin Gladiators. Given Nigma’s hiatus from the highest level of the competition, a coach with recent TI experience is likely to become one of their greatest strengths in the upcoming season.



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