Sportsbook exchange Betrium boards ICO train

In just a week from now, yet another online gambling platform is scheduled to begin its own initial coin offering (ICO). Betrium is a partially-decentralized global betting exchange, and it raised over $1.2 million during the presale event. Company officials expect the ICO to be even better.

Betrium is an exchange that allows for sports betting using legacy Bitcoin (BTC), Ethereum, Litecoin, Dash and ZCoin. It has a wide-reaching audience and currently offers the lowest commissions for online sports betting. No commissions are paid on withdrawals, deposit or winnings, and customers reportedly don’t have to pay personal income taxes on winnings.

Users can create events on the blockchain and upload them to Betrium’s betting platform to earn money. Around 80% of the income goes to the event organizers, according to the company. A digital marketing platform to promote the events is in the works, and should be launched by Betrium in the near future.

Betrium’s token, BTRM, has a pre-ICO price of 6,000 to 1 Ether token. The ICO, which is expected to raise around $5 million, will run from March 26 to April 29, after which the standard price will be 1,200 to 1 ETH. The coin will have worldwide availability and support for BTC, ETH, Dash and ERC20.