Skill-based games are a type of game with a long history, not only from a legal but also from a social and commercial point of view. In a social aspect, skill-based games have encouraged competition within communities and interaction between individuals. Commercially, these games have created economic opportunities and contributed to developing various business lines for many years. Nowadays, skill-based games not only have a legal basis but also appeal to a wide audience on digital platforms and social media networks, continuing to be influential at both individual and commercial levels. These platforms provide opportunities for players to display their skills and participate in various competitions. In addition, skill gaming is also supported by the emerging electronic sports industry, which enables professional gamers to compete for real money in popular video games.
MIDAS GAMES KFT., Registration Number: 01-09-432808, Registered Seat: 1064 Budapest, Izabella utca 68/B A. lház. Fsz. 5. Ajtó, Hungarian VAT Number: 32600207-2-42, EU VAT Number: HU32600207 (mutually referring to as "Midas Games") provides competitions and tournaments where participants' ability and knowledge determine the results ("Services"). The goal of Midas is to provide gamers with a fun gaming experience; similarly, contests and tournaments should be pleasurable.
When determining whether skill-based games with cash prizes qualify as gambling, it's essential to first understand the definition of gambling itself. Considering the definition of gambling, it is possible to say that certain important features are prominent: a reward is given as a result, a certain amount is paid to participate in the game, and the most striking is that the result is based entirely on chance. Midas acts in accordance with the generally accepted “The Predominance Test” and “The Material Element Test” in practice.
In everyday life, the factor of luck can appear at any time; chance plays a role in many areas, from the process of finding a job to our social relationships. However, the important thing in this game is that luck is at a minimum level. In addition to luck, skill, strategy, and thinking ability are at the forefront. This game offers a real test of skill, keeping the luck factor to a minimum while associating success with personal skills and clever planning. In this way, the variables of daily life, which depend on luck, are removed from the game, and the players are able to achieve success with their own abilities.
Regarding Midas Games, it is possible to say that the probability of winning cash in the game is not based on luck but on skill and strategy. These games offer a structure in which players can win prizes by utilizing their skills and strategic thinking, so the determination of outcomes is entirely based on strategy and skill. In many states in the USA, these games are not considered gambling and are legal since the outcome of skill-based games is not dependent on chance.
Midas Games are organized by the laws of all states in the USA. Consequently, to understand whether a game is a game of skill or a game of chance, it can be determined by answering questions such as whether skill is the determining factor in the outcome of the game, whether skillful players have an overwhelming advantage over their less skillful competitors, and whether the decisions to be made in the game are purely predictive. Midas Games provides competition and fun for players of all levels and is safe for cash prizes. An account is created by verifying residency and using IP address and location-based services to determine eligibility to compete. All are in full compliance with US Federal and State laws.