Fibetco launches Malta-licensed BetOnFinance.com

BetOnFinance.com is a betting product that combines financial markets with gambling.

Software provider Fibetco has launched its new financial betting concept BetOnFinance for the international market.

Malta.- After a successful trial in Denmark this year Copenhagen-based software provider Fibetco has launched its new financial betting concept BetOnFinance.com for the international market. BetOnFinance.com combines financial markets with gambling and is available across desktop, mobile and tablet devices.

Having been rolled out in Denmark through a partnership with former monopoly operator Danske Licens Spil in January, BetOnFinance.com has now been launched for the international market under a Class 3 license granted by the Malta Gaming Authority.

“The Index Game is for both individuals with knowledge about the stock market and newcomers wanting to try their hand at the stock market in an uncomplicated way,” explained Jeff Saul, BetOnFinance CEO and founder. “You need critical mass before the pool sizes become really attractive and there is no doubt that the added volume from international players will make the pools grow significantly.”

BetOnFinance uses similar concepts known to sports betting fans such as “Stock Race”, which is comparable to a horse race where the horses have been replaced with stocks and “Index Games”, which allows users to bet on how much the market will go up or down.