Milestone Entertainment is Addressing Gambling Addiction Using Cryptocurrency

Problem gambling issues have plagued the gaming industry. It is a significant issue for society. While users can solicit help (e.g., 1-800-Gambling), there is often denial and an unwillingness to seek help. Various attempts have been made to limit abuse, such as use rate limits in some on-line games. There is a need for gambling limitation on a more global basis, including geo-limitation and global use rate monitoring for problem gambling. There is also a need for problem gambling detection and remediation.

Milestone Entertainment’s (Milestone) latest issued patent is directed to implementing a lottery, game, or other entertainment form utilizing cyrptocurrency in a decentralized system. Smart contracts are used to implement core loops, game mechanics, and limit user engagement duration. For example, in a lottery the system would set up a time frame where users would receive cryptocurrency, identify the owner within a specified time frame, enable a user to participate only for a set duration, and finally close the window when the duration expires.

Milestone is a relatively small company in the Cryptocurrency sector, with only two applications and one issued patent. All patents and applications focus specifically on gambling with cryptocurrencies.