CashBet adds key crypto figures to advisory board

CashBet has expanded its advisory board with the addition of major figures from both the cryptocurrency and online gaming markets as it seeks to cement its position as one of the industry’s leading blockchain-powered gaming platforms.

Charlie Shrem, a successful crypto entrepreneur and one of the first investors to embrace Bitcoin during its infancy, will offer his expertise to the company.

Shrem is a founding member of the Bitcoin Foundation and also co-founded both the BitInstant Bitcoin exchange and CryptoIQ investment news service.

Earlier this year, CashBet completed a $38m (£29m/€33m) initial coin offering and Shrem will now advise the firm about its crypto operations.

“Online gambling is a space that’s ripe for disruption,” Shrem said. “CashBet has an ambitious plan to couple a crypto-enabled software platform with state-of-the-art original iGaming content to provide crypto casino operators with a true one-stop solution.

“I’m especially excited because CashBet is one of very few crypto players that is fully licensed and regulated by top-tier gambling jurisdictions. They’re really trying to legitimise the crypto casino experience.”

Meanwhile, CashBet has also added Matteo Monteverdi, formerly senior vice-president of global digital products at IGT, and Daniel Phillips, previously head of operations at Playtech, to its advisory board.

Monteverdi has spent more than 20 years working in the international B2B and B2C iGaming sector, while Phillips also spent time with Gala Coral during more than 20 years in the industry.

Mike Reaves, co-founder and chief executive of CashBet, said: “Charlie’s depth of expertise in crypto innovation, along with Matteo and Daniel’s decades of experience in gaming are a powerful combination that will help us realise our ambitious vision of becoming the world’s leading blockchain-powered iGaming platform.

“We’re honoured to have all three highly experienced individuals join our advisory board.”

CashBet has made a number of changes to its executive team this year, having confirmed the appointments of Tarun Gaur as vice-president of engineering, Jeremie Kanter as vice-president of compliance and Kyle Piasecki as casino manager in May.

Gaur previously served in senior roles at AOL, Microsoft, Deloitte, and HP, while Kanter joined after a 12-year spell with Playtech. Piasecki previously worked at Caesars Entertainment.