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Combined with the safety and security of cryptocurrencies and the blockchain, we envision FaceOff will become a top destination for sports fans and gamers alike.'

'FaceOff is going to bring together communities of people who are passionate about their favorite sports or e-sports teams and players, with those who enjoy the social aspect of challenging friends and strangers in head-to-head competitions, and those who enjoy playing skill-based games to win cash prizes. 'We believe there is a tremendous, untapped global market opportunity to provide a platform that allows for peer-to-peer sports and e-sports challenges,' said FaceOff CEO Rich Roberts. Similarly, e-sports (i.e., competitive video game) wagering is expected to double over the next three years, growing from nearly $700 million in 2017 to nearly $1.5 billion by 2020 - much of which is unregulated.

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Those interested in learning more about iCash can read or download its white paper at According to a UN conference, the global sports betting market is worth up to $3 trillion, the vast majority of which is generated by illegal gambling, resulting in significant lost revenue for online gambling businesses. The tokens sold at the TGE will fuel the development of a blockchain-based version of FaceOff, which is expected to improve the security, scalability, and availability of the platform reduce transaction times and fees immutably record all transactions to prevent fraud and better protect the privacy of its users. In addition, the company announced the creation of iCash, a new Ethereum-based token, and its upcoming Token Generation Event (TGE) slated for December 2017. In December, consumers will be able to challenge their friends in head-to-head match-ups featuring their favorite NFL, MLB, NHL, NBA, WNBA and MLS teams the top UFC, Boxing and PGA players and the hottest e-sports competitions. Starting today, players can visit to register and learn more about this exciting new form of social gaming. officially announced the future launch of its social gaming site, FaceOff, which allows players to make peer-to-peer social challenges and win cash prizes based on the outcome of skill-based contests.

24, 2017 /PRNewswire/ - Today, The Phoenix Group Ltd.