Slotie served with cease-and-desist order in four US states

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Updated October 21, 2022 | Published October 21, 2022

2 mins read

The US is looking to limit the operations of the metaverse casino, claiming that it’s violating state gambling laws.

Metaverse casino Slotie was served with a cease-and-desist order on Thursday, ordering the virtual casino to shutter operations in Alabama, Kentucky, Texas, and New Jersey.

All four states allege that Slotie has been providing its products illegally to local consumers and was violating local gambling laws.

Slotie has been targeting players over the internet and soliciting them to join the casino, which is described as illegal by all four states.

Players can visit the metaverse casino where they can interact, purchase various merchandise and gamble. The casino is based in Georgia and has been up and running in 2021.

Slotie has tapped into non-fungible token (NFT) technology and has invited players to join one of the fastest-growing online casino networks that the blockchain has to offer.

So far, more than 10,000 Slotie NFTs have been successfully sold to the public. The casino further styles itself as “Las Vegas of the metaverse”. The tokens are described as ERC-721 tokens and built exclusively for the Ethereum blockchain.

However, the states insist that Slotie is in fact defrauding players (which it refers to as investors) and has called on the casino to immediately cease the sale of NFTs to retail investors.

Slotie has failed to disclose important contact information to people it sold its NFTs to, including the business address, founder’s name, phone numbers, or even emails, making it an obscure property on the Internet.

The states threaten that Slotie will be facing a fine of up to $10,000 if it fails to acknowledge the states’ request.

However, this seems a small amount given the estimated properties of the casino which are significant. Slotie has so far shrugged off the requests and continued business as usual.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
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