MonkeyTilt has entered into a partnership with iBankroll aimed at supporting high-stakes wagering activity across its crypto sportsbook and casino platform.
The agreement will see MonkeyTilt use iBankroll’s Bankroll-as-a-Service model, which is designed to manage short-term variance linked to VIP betting activity. According to the companies, the arrangement allows operators to reduce the amount of capital held in reserve to cover high-stakes wagering exposure.
Under the partnership, MonkeyTilt players will have access to blackjack limits of up to $1m per round, slot win limits of up to $6m and unrestricted daily withdrawals, alongside increased sportsbook betting limits.
MonkeyTilt, which has received backing from PolyChain and Pantera Capital, operates within the crypto iGaming sector across sportsbook and casino products. The company said the agreement forms part of its wider growth strategy as competition increases among crypto-focused iGaming operators.
iBankroll provides funding, risk management and advisory services tailored to the iGaming industry. The company stated that its model is intended to help operators manage volatility linked to high-value betting activity while maintaining operational liquidity for other areas including product development and marketing.
The partnership reflects ongoing expansion within the crypto iGaming sector, where operators continue to explore alternative financial infrastructure and risk management models to support VIP wagering and high-limit betting activity.
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.”
