Many people who enjoy sports betting and casino gaming often neglect to think about investing their profits or saving a percentage of their winnings.
As highlighted by the BettingTop10.ca casino guide, all bettors should apply sensible financial management techniques to their wagering activities.
With that in mind, a new partnership between FusionIQ, IQvestment and Regen could prove to a game-changer for sports bettors and casino players.
The companies are launching a new wealth platform that can turn activity on commercial gaming platforms into an opportunity to save and invest.
Without further ado, read on as we take a close look at this groundbreaking partnership.
Turning Gaming Activity into a Path to Investing
FusionIQ, IQvestment and Regen want to make saving part of an activity people are already doing, rather than asking them to completely change their financial habits.
The platform is designed to automatically move a small amount of money into a savings or investment account whenever they place a wager or receive a win.
The percentage saved or invested is based on the user’s gaming activity. While this may seem like a minor tweak, it could have a truly transformative effect over time.
Saving is a financial habit that many people understand but struggle to achieve. That’s where this groundbreaking platform comes in.
The new partnership takes the concept one step further because the money saved through Regen can move towards investment solutions supported by FusionIQ and IQvestment.
That takes bettors on a journey that begins with engaging in their favourite pastime but can eventually lead to a professionally managed investment portfolio.
The investment side can include diversified exchange-traded fund strategies and goal-based solutions depending on how the user wants to structure their account.
Why the Model Could Cater To Casino Players
The partnership between FusionIQ, IQvestment and Regen is currently focused on sports betting, but the technology could be used in other parts of the iGaming industry, such as online casinos.
Many iGaming platforms do not operate separate financial systems for every product, so a customer may have just one wallet they use for sports betting and casino games.
With these activities connected to the same financial system, it’s possible to build a savings feature that works across the entire account rather than being limited to one type of gaming.
That means casino players could choose to have a small percentage of their gaming activity automatically transferred into a separate savings or investment account.
The partnership announcement specifically describes its current technology in relation to sports gaming. but the underlying idea could be applied more broadly.
Poker is a decent example. This iconic casino game involves repeated transactions where players experience plenty of wins and losses during a single session.
It’s easy to get caught up in a seemingly endless loop in such scenarios, but the new model could take their casino experience to a higher level.
A system that automatically allocates a small mount from gaming activity into a separate account for saving or investment would be hugely beneficial to poker players.
A New Opportunity for Digital Wealth and iGaming
Each company contributes to a different part of the process.
Regen helps users develop a saving habit, FusionIQ turns those savings into a digital investment experience and IQvestment provides professional investment expertise.
FusionIQ claim the partnership as part of their efforts to take digital wealth beyond traditional channels and into environments where consumers are already active.
Many people are currently extremely reluctant to open savings or investment accounts because the process can be overly complicated.
However, if a simple savings feature were available through a platform they already understand, they may be more willing to start putting small amounts of money aside. Those savings could then potentially be invested, allowing the money to grow over time.
The partnership could also have an impact on the iGaming industry. Betting site operators compete for customers in a crowded digital market, so they need features that help them stand out.
Online casino operators could also explore the opportunities presented by the new savings and investment platform if the model is commercially and technically viable.
