As far as I remember the problem was with documentation. The betting market always attracts crowds, although it is an ambitious project, it is a niche, there are always customers willing to bet. It's the kind of project that should not be stopped. It's a lot of money involved.
the idea was just a gorgeous mix of online casino and offline, look how many now working platforms on which you can play different games , bet. I wish there was any news from the team.