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ZenSports
United States
Nov 2016 (8 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know ZenSports
Company Information
Get to know ZenSports
ZenSports is a mobile sports betting app that is all about offering more choices to the next generation of sports bettors compared to any other platform. With ZenSports, customers can choose to bet against the house or create their own bets with their own odds and terms (peer-to-peer). Peer-to-peer bets can be shared with friends or anonymously via the app’s mobile marketplace, all without the need for a bookmaker and all right from their phone. ZenSports also offers more options for how sports bettors can fund their accounts and which currencies they can wager in. Funding can take place using traditional fiat methods, such as debit/credit cards and wire transfers, as well as a variety of cryptocurrency options, such as the crypto form of Dollars (Tether), Bitcoin, and ZenSports’ proprietary token called SPORTS. Almost 100% of the funding in ZenSports takes place using cryptocurrencies, and over 91% of bets in ZenSports are wagered using SPORTS tokens. ZenSports is proving out a real-world use case for cryptocurrencies that consumers are using in their everyday lives. The SPORTS Rewards Program that ZenSports has built out around its SPORTS token is a new and unique way of offering rewards that is unmatched by any other gaming provider. By betting with SPORTS tokens, customers can earn discounted betting fees, cash back bonuses, and other cool and fun rewards. Betting with SPORTS tokens gives consumers a more exciting and rewards-driven experience for wagering on sports than what traditional gaming providers offer. ZenSports is currently operating in 87 countries outside the United States, and the company is now moving quickly to get licensed and launched in the US.
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- Crypto CryptocurrencyPRIMARY
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