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Exclusive interview with Rahul Sood, CEO and co-founder of Unikrn

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Exclusive interview with Rahul Sood, CEO and co-founder of UnikrnReading Time: 6 minutes

 

Rahul Sood is the CEO and co-founder of Unikrn, the world’s leading esportsbook innovator. He started his first company, the world’s first boutique PC manufacturer, is his teens and later sold it to HP. After leaving HP, he joined Microsoft as the founder and CEO or the startup incubation branch then-called Microsoft Ventures. Rahul is a long-time avid gamer and esports fan who also enjoys windsurfing in his spare time.

 

You mentioned about two “game-changing” products from Unikrn in your email. Could you tell us more about the products?

Rahul Sood: We have 3 singular experiences launching at Unikrn: Unikrn UMode, Unikrn Virtual Game and Unikrn Esportsbook’s Streamer Betting.

Unikrn UMode is the first online skill betting extension for matchmaking games such as Fortnite, League of Legends, Dota 2, Halo and Counter-Strike. Unlike peer-to-peer betting, UMode lets players bet on their normal online matchmaking without betting opponents because Unikrn sets the odds, which lets you bet anytime in fair games without any worries about sharks ruining your fun.

The Unikrn Virtual Game is a curated collection of exciting professional esports matches from the past which are randomly selected and played fresh. There’s a new round every minute, and fans can go to bet on esports without ever facing delays or content gaps, which is an amazing quality-of-life improvement for esports fans used to waiting between rounds, games and tournaments.

Unikrn’s Streamer Betting uses in-house odds-determining trader bots and advanced screen-reading technology to interpret games happening on stream and set odds in real time, even updating odds as matches advance. We’re excited for how this will let fans play along with streamers and improve the community thrill of wins. After all, betting is better as a social experience, and very little in gaming is more social than streaming in its prime!

 

How do you think these products would change the way the betting industry operates?

Rahul Sood: The betting industry is still behind the curve on the way esports opens interactivity, data fidelity and sheer volume. There’s never been a challenge in sports akin to trying to place reliable odds on streamers. There’s YEARS of content hours consumed from Twitch every second across thousands of channels. Besides Unikrn, the world of betting operators hasn’t begun to scratch the surface of what gamers and esports fans are making possible, whether that’s creating 24/7 skill-based betting, new ways to package esports around the clock or ways to bring people together to cheer on their favorite players.

You are aiming to introduce innovative technologies to betting that would disrupt the dominance of traditional booking houses. In fact, quite a few new companies have aimed to do this, and almost all of them have failed. What is the x-factor for your company, if there is any?

Rahul Sood: Unikrn is x-factor from surface to core. I think the biggest difference is our culture, Unikrn sits at the intersection of esports & video games, blockchain & cryptocurrency, and regulated gambling. As such we employ talented people from all over the world. Our COO, CFO, and CPO along with lead product people are based in Sydney. Our CTO and development teams are in Berlin, Croatia, and Poland. Head of Marketing and Content are in New York, we have content people in Las Vegas, and I’m in Seattle with our Chief of Staff. There’s no way in hell we could build such a company in one city, we required the best talent in all 3 areas. Unikrn is also a technology first company, whereas typical wagering companies are simply licensing software from other platforms.

Maybe most importantly, this isn’t hypothetical: Unikrn is launching multiple singular experiences designed for customers. While others are building wagering experiences around old titles that no one cares about, Unikrn is building wagering experiences around games people love to play. Our products are live and regulator-approved well ahead of our runway, and they’re being followed by many other innovations.

 

It’s almost two years since you launched your cryptocurrency token UnikoinGold, based on the Ethereum blockchain. Could you tell us more about its performance so far?

Rahul Sood: UnikoinGold has been a fantastic success, achieving everything it was set out to do and hitting most of its projected benchmarks at or ahead of schedule. The whole point of developing UnikoinGold was to give users the ability to use our platform and partner platforms without the delays and fees associated with using traditional banks. At its launch, UnikoinGold closed the largest-ever token sale in esports and gaming, and our partners have included major players in the crypto space because they’re impressed with the unprecedented utility UnikoinGold has brought to the broader crypto ecosystem. I think our biggest challenge is making our crypto more accessible and easier to use. We’re working hard on this, it’s one of the key pillars for 2019.

 

Unikrn is into its fifth year. The company has received excellent funding and financial back-up. But has the company really captured the public imagination as an esports venture? How do you look back at the last five years of Unikrn?

Rahul Sood: Unikrn is fortunate to have had several extremely successful acquisitions, partnerships and blockchain ventures — the truth is there’s a staggering and publicly invisible business-to-business problem solving portion of our operations. This is common in successful companies in the tech sector: Amazon, for example, makes more of its money on web services than any other division, but it’s a part of the company the public basically never sees.

Everybody at this company is proud of our success and our current place in the ecosystem, as well as optimistic about the future all the way to the horizon.

Being a legal and responsible operator requires diligence and time (working with regulators, governments, patent offices, partners and taking the time to develop proprietary technology can’t be rushed!). Our current user base has been completely won-over, and the next step is broader engagement with new fans.

So are we where we want to be? Of course not, we’ll never truly be satisfied, but believe me Unikrn of 2019 is far ahead of the Unikrn from 2014. We have plenty of work to do and lots of runway to get to where we’re going.

 

The USA is witnessing a revolution of sorts in the sports betting sector, following the US Supreme Court’s verdict on PASPA Act. What is your take on the future of sports betting in the USA and the role of Unikrn on it?

Rahul Sood: Unikrn is already live with Unikrn UMode in the majority of the United States, making us pretty much first in the door, and we are obviously supportive of states allowing responsible, regulated wagering to expand. Unikrn has well-established connections with land based casinos in Las Vegas, where our primary content team is based, and we expect the United States to be a growing market for us looking forward. I fully expect us to launch our sportsbook across the USA in partnership with some of the largest casino operators in the world.

 

You had held top positions at HP and Microsoft before founding Unikrn. How different are the mainstream software companies and the gaming and betting companies in terms of challenges, job profile and working environment?

Rahul Sood: Every job is different, but wagering companies bring with them an enormous responsibility to work in partnership with regulators and governments. This happens in any industry, but wagering rightfully brings it to another level. That said, there’s also a tremendous amount of crossover: software and gaming hardware companies are ultimately selling consumers an experience, and that’s exactly what Unikrn does.

We’re sitting at the intersection of three of the most blockbuster industries on earth, regulated gambling, esports & video games, and blockchain & cryptocurrency. It’s never easy, but nothing good comes without hard work.

You have been a serial entrepreneur, having started entrepreneurship from an unusually young age. You have also worked with a number of startups while you were a General Manager at Microsoft Ventures. What is the one thing that separates successful startups from the failures? And what is your advice to startup founders and wannabe founders?

Rahul Sood: Great startups understand that a brand is nothing without 4 key components. An incredible product that people love, a strong team culture made of the smartest and most talented people who eat breath and sleep your mission, a thriving community of fans and evangelists, and most of all strong leadership and patience. All of these components become the foundation of your brand, which if applied correctly becomes a living breathing entity. Most people miss the community part, can you imagine Telsa, OnePlus, or Apple without a community? They’d be like nowhere!

 

Finally, on a lighter note, it is written on your Wikipedia page that “Sood first took an interest in computers at the age of 11, having disassembled and painted his first computer—an Apple IIc—before even turning it on”. Did it really happen? And did you disassemble your first gaming device as well!? Do share an interesting anecdote to conclude the interview.

Rahul Sood: It absolutely happened, and I had successfully founded my boutique computer manufacturer, VoodooPC, just a few years later. I went on to sell that brand to HP. I guess everything that I’ve ever involved myself with is something I truly care about, for without that I don’t think I’d be anywhere near where I am today.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Exclusive interview with Rahul Sood, CEO and co-founder of Unikrn

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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SoftSwiss completes integration with EA Gaming

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SoftSwiss completes integration with EA Gaming
SoftSwiss completes integration with EA GamingReading Time: 2 minutes

 

The SoftSwiss Game Aggregator completed the integration of one of the leading game providers EA Gaming.  This new partnership will further enhance SoftSwiss’s current game offering of more than 10 000 different games from over 70 providers worldwide.

The EA Gaming integration grants access to a wide game portfolio (including the game provider’s most popular Wild Fairies, Lady Hawk, Horus Eye, Chilli Hunter and Octagon Gemwill). These games will become available for the SoftSwiss White Label operators and Game Aggregator clients operating under the Curacao license.

Nikita Keino, Partner Managers Team Lead at SoftSwiss commented: “It is a great opportunity to partner with a leading gaming provider like EA Gaming that produces gaming content with such state-of-the-art graphics and sounds. We’re excited for what the future holds for this partnership!”

Luca Richter Head of Account Management commented: “It’s such a terrific opportunity to partner with such an important player of the iGaming industry. The opportunities coming from this partnership are really thrilling and we can’t wait to get them. Achieving this important goal wasn’t easy but we made it. Really proud of this new success.”

 

About SoftSwiss:

SoftSwiss is an international tech company supplying widely acclaimed, certified software solutions for managing iGaming operations. SoftSwiss holds a number of gaming licenses, providing a “one-stop-shop” white label solution by taking care of all technical, legal, and financial processes on behalf of its customers. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, an affiliate platform, and a recently launched sportsbook platform. In 2013 SoftSwiss was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

About EURASIAN Gaming:

EA Gaming is a leading game provider for the iGaming Industry. We specialize in creating superior slot games that are designed to engage players in diverse markets and demographics. We offer a high-quality game portfolio consisting of excellent slot games, fish hunting games, brilliant video bingos, and amazing cluster games. All games are based on solid math models and feature an adaptive layout that brings a unique player experience on both desktop and mobile.

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Week 9/2021 slot games releases

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Week 9/2021 slot games releases
Week 9/2021 slot games releasesReading Time: 5 minutes

 

Here are this weeks latest slots releases!

CT Gaming Interactive released a new Asian-themed slot game as of 1st of March. With simple and intuitive gameplay, the newest game Lady Emerald is ideal for all kinds of players. All winnings except the scatter payouts are paid from symbols on the paying line where the bet is placed, and the symbols must have adjacent positions on the line from left to right. The maximum winning is 500xTotal bet. Three, four, or five Scatters in the form of the Yin and Yang symbol placed at random on the screen pay out the winnings. The shining emerald eyes of the Emerald Lady enchants when appearing as a Wild symbol.

CT Gaming Interactive introduces Lady Emerald

 

EGT Interactive has released 20 Golden Coins, a video slot for modern players with a taste of classic. 20 Golden Coins is not an ordinary fruit slot but a dazzling, energetic, colourful, unique and modern game. The proven engine, attractive RTP, high execution quality and smooth gameplay are only some of the advantages. This 5-reel, 20 paylines video slot is bursting with new and rewarding features. It combines the classic fruity goodness with immersive graphics and a captivating soundtrack.

EGT Interactive Releases its New Video Slot “20 Golden Coins”

 

Nolimit City travels underground where the sun don’t shine, but the gold does. The award-winning, Malta-based Software Provider is on a hot streak following the two first releases of 2021, San Quentin xWays® and East Coast vs West Coast, both being met with ample praise and recognition. Fire in the Hole xBomb is the first Nolimit City slot with the brand new xBomb feature – which removes all adjacent symbols and increases the win multiplier with one – no matter if it’s a winning round or not. With a 6×3 reel area that expands up to 6×6, 486 ways to win that expands to 46,656, Lucky Wagon Spins, and the xBomb Wild Multiplier – players will be spinning their way to gold and riches.

Fire in the Hole xBomb

 

 

NetGame Entertainment, one of iGaming’s foremost casino software providers, has released its galaxy-inspired slot game – Fruit Cash Hold ‘n’ Link. Players will feel the gravitational pull towards this fruit game thanks to the Golden Star Wild symbol, multiple Jackpots and two separate Scatters which trigger two Bonus games. The first Bonus game is Free Spins which is activated by the Crown symbol. If players reveal three or more Scatter symbols then they are gifted six Free Spins. Just high and special symbols are available in the Free Spins bonus and they can be re-triggered when you hit another three or more Scatters from a spin.

NetGame releases Fruit Cash Hold ‘n’ Link slot

Spearhead Studios launches Wild Gold, the 30th title of the company’s portfolio. Since its inception in 2019, the studio has worked towards growing its games portfolio with high-quality video slots and table games. Wild Gold is a lively game, which provides a veritable feast of vibrant lights, lush visual effects, luxurious interfaces, and pulsating audio. With a Return to Player (RTP) of 96.15%, the game can deliver wins of over 13,000x. All base and feature wins can be entered into the Card Gamble to potentially increase them up to €30,000.

Spearhead Studios presents Wild Gold as the company’s 30th title

 

Joining its extensive range of game themes, the latest release to the High 5 Games library is a fun Victorian-era steampunk slot, loaded with spin-ventive features. The new title takes players into the world of futuristic science as they crank up the machine for rustic riches. Above the 5×5 reels is a belt of special feature symbols known as the Prize Line. At the start of each bet, the Prize Line symbols will rotate left, cycling the prizes around. When an Energy Box symbol lands on the reels, the Prize Line symbol above the Energy Box will activate, creating a greater chance of a reward. The Prize Line features chances to receive multipliers, free credits, a Pick Bonus, a Free Games Bonus, and wilds.

Delve into the laboratory and spin-vent your next JACKPOT!

 

Kalamba Games is preparing to celebrate St Patrick’s day in style with new slot Joker Leprechauns. Win potential is turned up to the max, capturing classic Vegas-style slots and a host of engaging features. The 6-reel, 40-line experience also offers free spins and bonus jackpots. When a Multiplier Wild symbol occurs in a winning combination, the payout is multiplied by the value shown, while scoring three Bonus symbols initiates Free Spins. During this round, each Bonus Accumulator symbol increments a counter and for every three collected, a further three free spins are awarded.

Kalamba Games’ Joker Leprechauns promises pots of gold

 

Yggdrasil, the leading worldwide publisher of online gambling content, takes players to the mythical City of Gold in its latest release, El Dorado Infinity Reels™, deployed in partnership with YG Masters studio ReelPlay. Inspired by a land of almost unlimited opportunity, each spin in the game provides a chance for a limitless number of reels to be added, also increasing the multiplier for all wins and boosting the chances of wealth. Set in the Aztec Empire era where cities of gold flourished and treasures were plentiful, the game offers abundance of exciting features including the jackpot prize of 888x total bet when a player reaches 15 reels.

Yggdrasil and ReelPlay invite players to the City of Gold in El Dorado Infinity Reels™

 

Inside of slums in the crowded city, you’ll be captured inside the entire breathtaking atmosphere of a dangerous but super thrilling game to win by collecting MONEY symbols. In this 5-reel, 3-row and 10-pay line slot MAKE MONEY you’ll find a special feature of buying free spins. FS can be purchased in quantities of 15, 30, 45. FS are triggered on the selected bet. After confirming the purchase FS will be launched guaranteed at the bet was selected at the time of purchase. Wild symbol of main character multiplies the winning. When several wilds with different multipliers appear, they are multiplied among themselves and multiplier can stay X4, X8, X16 or X32.

Gamzix presents its new game - Make Money

 

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FansUnite Entertainment Applies for U.K. Gambling Licenses

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FansUnite Entertainment Applies for U.K. Gambling Licenses
FansUnite Entertainment Applies for U.K. Gambling LicensesReading Time: < 1 minute

 

The licenses will enable FansUnite to serve as a B2C gambling operator and a B2B technology provider in the U.K. marketplace

FansUnite Entertainment Inc. announced that its subsidiaries, Askott Entertainment (Malta) Limited and E.G.G. Ltd., have filed applications for both Business-toBusiness (“B2B”) and Business-to-Consumer (“B2C”) gambling licenses, respectively with the U.K. Gambling Commission (“Gambling Commission”).

The U.K. Gambling Commission was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain in partnership with licensing authorities.

As part of FansUnite’s expansion strategy, the Company has applied for a remote gambling software license, which will unlock its suite of betting products to operators in the U.K. online gambling market. In addition, EGG Ltd. has applied for a remote betting license which will permit it to deploy its B2C wagering platforms in the United Kingdom.

These applications represent a critical step for FansUnite to expand its operations to the U.K., a jurisdiction that is considered to be one of the largest gambling markets in the world.

“The U.K. gambling licenses are widely regarded as the gold standard for lawful gaming operations and we are pleased to have formally submitted our application with the commission,” said Scott Burton, Chief Executive Officer of FansUnite. “The first step to our expansion in the U.K. is to obtain the relevant licenses from the country’s Gambling Commission, which will allow us to license our betting solutions as well as operate our B2C betting platforms in the United Kingdom. By doing so, we will be in a position to advance our operations to capture market share in one of the most lucrative online betting markets in the world.”

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