iBankroll signs risk-sharing deal with MonkeyTilt for VIP betting limits

iBankroll has signed a risk-sharing partnership with crypto sports and casino operator MonkeyTilt to expand VIP wagering limits using iBankroll’s Bankroll-as-a-Service model, the companies said.

Under the arrangement, iBankroll said it will absorb short-term variance associated with high-stakes play, reducing the need for MonkeyTilt to hold large capital reserves to cover potential downside and immediate payouts. iBankroll said the approach is designed to free operator balance sheet capacity for investment in product, marketing and customer experience.

The companies said the deal enables $1 million per-round blackjack, $6 million maximum slot wins, unlimited daily withdrawals, and “top-of-market sports limits” for MonkeyTilt players. MonkeyTilt is backed by PolyChain and Pantera Capital and has raised more than $80 million in funding, according to the company.

Hayden Bowman, Co-Founder of iBankroll, said: “MonkeyTilt is building one of the most ambitious consumer products in the space.

“Sam and the team don’t take partnerships lightly and we don’t either when the deal is this size. We’ve spent the last several months getting every piece into place so MonkeyTilt can take on serious volume and volatility with zero bankroll risk on their side. It’s been a real pleasure working with them and we’re excited to keep going.”

Sam Kiki, Founder and CEO of MonkeyTilt, said: “MonkeyTilt has raised over $80 million from investors like Pantera Capital, Polychain, PokerGo, and myself. However, we have always had to earmark a large portion of our balance sheet to guarantee immediate payouts to winners.

“Moving forward, this risk will be assumed by our partners, freeing up our capital for growth. What most people don’t realise is that 99 percent of startup casinos don’t actually have a bankroll. Some take $100K-per-hand action knowing they can’t cover the downside. This deal puts us in the 1 percent that doesn’t have to think about it.”