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Pllay has raised $3 million in funding for its skill-based video game wagering platform. It enables gamers to wager on 1-on-1 duels in their favorite games.
James McGuckin’s Screen Play Ventures led the round, and other angel investors included NBA All-Star Bradley Beal, Obsidian Works head Chad Easterling, and GE Power Portfolio CEO Russell Stokes. The Philadelphia company will use the money to hire people, improve its user experience, develop tech, and accelerate user acquisition.
The team created a peer-to-peer wagering platform on a mobile phone, where players wager on matches played on other platforms. This kind of skill-based play, which is not considered gambling because it doesn’t have purely random results, is legal in 39 states now.
The industry has a lot of competing platforms, but CEO Shawn Gunn said in an interview with GamesBeat that his company has figured out how to verify who won a match in a 1-on-1 duel.
Above: Pllay lets players make wagers in 1-on-1 battles in Call of Duty: Modern Warfare.Image Credit: Pllay
In the past, it was too easy for one player to welch on the wager. But Gunn said Pllay can monitor a match on Twitch with AI and then …
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