Licensing & Compliance
Licensing Roadmap
| License | Jurisdiction | Status |
|---|---|---|
| B2B Supplier License (LOK) | Anjouan | Application planned |
The Anjouan B2B supplier license (LOK) enables Velo Games to supply games to licensed operators and aggregators globally. The application will proceed following initial aggregator partnerships.
Provably Fair
Velo uses a deterministic outcome model — game results are not based on a Random Number Generator but on real cryptocurrency price movements from regulated exchanges.
Every round settlement includes a Pyth Network verification URL — a cryptographic proof of the settlement price that can be independently verified on-chain. This provides a stronger fairness guarantee than traditional RNG certification.
Mathematical Model Audit
The pricing model has been validated through comprehensive backtesting:
- 3 years of 1-second BTC price data (~94.6 million data points)
- 16/16 tests passed across 5 test suites
- Theoretical RTP: 94.07% (5.93% house edge)
- Brier score: 0.1608 (well-calibrated probability estimates)
- 0 negative months across 13 months of out-of-sample data
- Adversarial testing: calibration-aware, timing, multi-strategy, and feature-conditioned adversaries all found non-exploitable
- Live market validation: +11.62% ROI vs professional Polymarket market makers across 697 markets (1,643 trades)
- Full model documentation available for regulator review in the Math Model & Fairness page
Data & Audit Trail
All game activity is recorded in PostgreSQL:
| Data | Retention |
|---|---|
| Rounds (entry/settle price, result, Pyth URL) | Indefinite |
| Bets (player, side, stake, odds, payout, result) | Indefinite |
| Wallet transactions (debit, credit, rollback) | Indefinite |
| Game sessions (operator, player, timestamps) | Indefinite |
BigQuery integration for long-term analytics and compliance reporting is planned.
Responsible Gaming
Velo supports operator-driven responsible gaming controls. See the full Responsible Gaming page for details on:
- Deposit/loss limits (enforced via wallet API)
- Session time limits
- Self-exclusion support
- Player activity monitoring via postMessage events