Just over a decade ago one of the biggest scandals that ever hit the online gambling industry was exposed. It was discovered that some of the poker players on a gambling site named Ultimate Bet were using superuser accounts to view the hole cards of other players. These superusers, who were anything but super in their behaviour, used this information to illegally cheat others players out of their money. As more information about the scandal became available the story grew worse and worse. It turned out that some of these so-called superusers included the site owners themselves. Investigators revealed that the greedy management at Ultimate Bet stole over $50 million directly from the pockets of honest players.
People often claim that reputable casinos have no reason to cheat and every reason to stay honest, but the fraud at Ultimate Bet proves otherwise. If you’re ever been playing a game at an online casino and felt that something isn’t right then maybe you should trust your gut. The truth is that when you’re playing at an online casino there simply isn’t any way to know for certain. That doubt is what ruins gambling for many and why some just won’t take the risk.
So What Is the Solution?
It is clear that the industry needs a new approach. Unlike traditional online casinos, Fatum uses blockchain technology to enable public fairness verifications. Fatum is not even a casino in the traditional sense, it is a platform for players to compete against each other that ensures fairness for all.
If you play a game of chance on the Fatum platform you first choose what game you wish to play, but in this example we’ll use a card game to illustrate how everything works. The casino mixes the deck of cards creating a public record of each card’s position in the deck. Now a regular online casino would keep this record hidden to most players, but that doesn’t mean that it would be completely impossible to see. As described earlier, certain technology or superuser privileges might allow someone access to this sensitive information.
This is impossible with Fatum as the record is not in a visible state. Instead this information is encrypted on the blockchain and cannot be altered. All players can then enjoy the game knowing that it is fair. At the end of the game, the casino provides the encryption keys and automatically decrypts the record. The process is simple, intuitive and designed for ease of use, so you don’t need a technical understanding of blockchain technology to make it work. It simply does. With the record clearly displayed, everyone can easily compare the pre-generated deck to the hands played during the game.
How Can This Ensure A Fair Game?
Punters are highly intelligent people, knowledgeable about betting patterns and habits. No one spots cheats better than gamblers themselves which is why brick and mortar casinos don’t need to heavily police poker rooms. The players do the hard work for them.
In 2003, a player named ‘CrazyMarco’ uncovered a cheating scandal after participating in a tournament at Absolute Poker. He contacted customer support and requested the complete hand history of the tournament. Using the data they provided, he identified irregular betting patterns from other players, which led to the exposure of the scandal.
If the project hardwires transparency of information, it prevents the kind of cheating that occurred at Absolute Poker and Ultimate Bet. When players have access to high-value information, they can police both the casino and one another. Fatum remains fully committed to eliminating cheating, con artists, and frauds from gambling. This is how gambling should operate—and how it will at Fatum.
Website : https://fatum-project.io