Logifuture’s Virtual Sports Platform Simulate Gains Certification in Spain
Logifuture’s Simulate, a cutting-edge virtual sports gaming product, has officially received certification in Spain, marking a significant milestone for the company’s expansion into regulated European markets. This certification, granted by Malta-based software testing firm Global Lab, paves the way for Simulate’s introduction to Spanish gaming operators.
The innovative product allows users to instantly simulate outcomes in basketball, football, and tennis events, offering a blend of real-time sports dynamics with the rapid gameplay of virtual sports. With its ability to generate over 10 million bets per month, Simulate has positioned itself as a highly engaging product in the virtual sports betting segment.
This announcement coincides with Spain’s ongoing efforts to tighten gambling regulations, including proposed stricter ID verification measures to enhance player protection and prevent underage participation.
What Makes Simulate a Unique Offering?
Simulate stands out in the virtual sports gaming sector by integrating advanced sports simulation technology with the convenience of fast-paced betting.
Key Features of Simulate:
Instant Play: Unlike traditional betting markets, players do not have to wait for matches to start. Games are available on demand.
Quick Results: Each match is completed in just two minutes, ensuring rapid outcomes and instant payouts.
Real-Time Sports Mechanics: Simulate employs data-driven algorithms that mimic real-world sporting conditions, providing authentic gameplay experiences.
Massive Betting Volume: The platform already processes over 10 million bets monthly, demonstrating strong engagement from virtual sports enthusiasts.
According to Niccolo Cassettari, Chief Business Development Officer at Logifuture, the product has proven instrumental in enhancing virtual sports offerings for their gaming partners.
"With the growing demand for fast-paced and engaging sports content in emerging markets, Simulate has been proven to strengthen our partners’ virtual sports portfolios and deliver an exceptional gaming experience to customers," Cassettari stated.
Spain’s Regulatory Landscape and Virtual Sports Growth
1. Why Spain is a Key Market for Virtual Sports
Spain represents one of the most lucrative regulated gaming markets in Europe, with a thriving sports betting sector and a growing appetite for digital gaming experiences. The introduction of Simulate aligns with the rising popularity of virtual sports betting, a category that has gained traction due to its speed, accessibility, and immersive nature.
Cassettari emphasized the company’s commitment to regulatory compliance, stating:
"We’re committed to meeting the highest industry standards and strengthening our global presence. This certification marks another step forward in ensuring Simulate is compliant and accessible in regulated markets."
2. Spain’s Increasing Focus on Player Protection
Spain’s gaming industry is currently undergoing regulatory changes aimed at bolstering player protection.
The government is planning to implement additional ID verification measures to curb underage gambling.
The Ministry of Health was preparing to release a report on gambling participation trends, which reportedly indicated a decline in problem gambling rates and underage involvement.
However, the Socialist Parliamentary Group (SPG), part of Prime Minister Pedro Sánchez’s left-wing coalition, decided to accelerate regulatory measures ahead of the official report, proposing stricter data requirements for gambling operators.
These regulatory shifts may impact how virtual sports and online betting platforms operate in the Spanish market, making compliance with industry standards crucial for companies like Logifuture.
Strategic Expansion and Future Growth
Logifuture’s Vision for Simulate in Spain
The certification of Simulate in Spain aligns with Logifuture’s broader strategy of expanding its presence in regulated markets.
Cassettari expressed enthusiasm about future partnerships, stating:
"We are thrilled to have the opportunity to present our innovative gaming products to future clients in Spain and are excited to be in discussions with key industry leaders in the country who are interested in working with us."
What’s Next for Logifuture?
Further Certifications: The company aims to expand Simulate’s availability in other European markets through additional regulatory approvals.
Product Enhancements: Continuous improvements to gameplay mechanics and betting algorithms to maintain player engagement.
Strategic Partnerships: Collaborating with leading gaming operators in Spain and beyond to drive adoption.