Hi stonehenge, its seems to me that people don't really understand, or potentially have been mislead in to thinking, that this coin is part of any regulatory framework. It is not. Both Alderney and the UK gaming commissions, which cashbet hold their regulated licenses under DO NOT allow crypto-gambling or any ICO's to be associated with their licenses. There is currently only one license, Gibraltar, that would allow any DLT (distributed ledger) to be allowed under their structure. Cashbet are suggesting that they will build and offer services to the rest of the non-licensed crypto space. They will have NO license to supply these entities because no gaming license they hold allows this to occur. So lets envisage it:

1. cashbet does its ICO
2. It raises investment for its coin
3. it starts to build services for the crypto gaming and casino space
4. those 40+ providers they currently have their regulated platform will not be available on this new platform (go ahead and actually ask them this) because those providers of slots and casino's also themselves have to adhere to regulation in the distribution of these games and don't touch crypto platforms (go into the gambling chat area and ask about when providers are not available or actually sometimes geo-blocked from crypto users)
5. Alderney and UK gaming commission say to Cashbet "hey you hold licenses with us but we have no regulated crypto so supplying this area and promoting gambling of unlicensed crypto gaming sites is illegal in our jurisdiction. Stop or we will take away your license."
6. They have a thriving business already so won't jeopardise that so will ditch the cashbet coin
7. As an investor you have literally no recourse legally as its an unregulated asset class in the UK.
8. Congrats you pissed your bitcoin against the wall.