A number of weeks in the past BehindMLM revealed a BetPlay365 evaluate.
Right this moment BetPlay365’s web site is unresponsive. Additional analysis reveals the corporate has been rebooted as Daxio:
You may also verify this within the FAQ part of Daxio’s web site:
Are you a licensed on line casino?
Sure, all Daxio merchandise and video games are collectively operated by International Recreation Area LTD and Novus Options Curacao N.V registered deal with Heelsumstraat 51,E-Commerce Park Curaçao, an organization licensed and controlled by the legal guidelines of Curacao underneath the Antillephone N.V. license quantity 8048/JAZ2014-053.
This marks the fourth reboot of the International Recreation Area Ponzi scheme.
This time round Frode Jorgensen is being extra cautious attaching his identify to Daxio. He was behind BetPlay365 although and there’s no indication he’s handed the reins over to another person.
Daxio themselves don’t present possession data. The corporate laughably asserts it’s “owned by the group”.
Daxio appears to have been arrange on or round Might twentieth, lower than per week after we revealed our BetPlay365 evaluate.
The compensation plan and enterprise mannequin is similar, that means our BetPlay365 securities fraud criticisms are nonetheless relevant.
So too is our BetPlay365 evaluate conclusion, supplied you swap out firm names:
Daxio may need an irrelevant gaming license in Curaçao, however with respect to the MLM alternative it’s little greater than a symbolic try at regulatory compliance.
Pyramid schemes and securities fraud are unlawful the world over.
With two prior makes an attempt at MLM gaming area of interest having already failed, its’ unlikely Daxio shall be round for lengthy.
We do reside in unusual occasions although so within the occasion it does achieve traction, MLM Ponzi guidelines apply.
All MLM Ponzi schemes depend on recruitment of latest associates to remain afloat. When recruitment inevitably dries up they collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
At this level you’ve acquired to marvel what the purpose is. We’re 4 reboots in now and the final one didn’t final a month.
Will Daxio disappear and are available again with a brand new identify subsequent month? Guess we’ll have to attend and see…