WinZO, a vernacular skill-gaming platform, has announced to develop transparent and unbiased method to distinguish between skill-based and chance-based games. The company has collaborated with professors from prestigious institutions such as IIT Madras, IIT Delhi, IIT Kanpur, Stanford University, and California State University.
Through this collaboration, WinZO has established a scientific methodology that accurately differentiates between gaming activities that require skill predominance and those dependent on chance, the company added in its statement.
“This innovative initiative has the potential to resolve the crucial issue of skill versus chance, thereby enhancing overall transparency and fairness within the gaming industry,” it added.
Recently there have been concerns about the independence of the proposed Self-Regulatory Bodies (SRBs) in India’s online gaming sector in ensuring fair and unbiased assessments. SRBs access to confidential proprietary information of the new-age technology firms is also a potential threat to early-stage innovations. The company said that the discussion prompted it to work with leading academicians across the world to develop a highly scientific model.
As a gaming platform that publishes games of over 100 game developers, it was important for us to have a predictable, transparent, and accountable methodology to determine through a scientific methodology if the game is a game of skill. We worked with top statisticians and engineering departments globally to build and validate a method that can be used by any entrepreneur in partnership with these institutions now. By democratizing the assessment of games on skill, we aim to empower start-ups and lower their financial challenges - something we faced during our early years. This marks a significant step forward in our journey to foster a gaming environment characterized by scientific rigor, collaboration, and objectivity," said Paavan Nanda, co-founder of WinZO.
"Through the application of scientific rigor, validated by numerous statistical tests, WinZO is setting industry benchmarks in a groundbreaking advancement in the gaming domain by quantifying preponderance of skill over chance,” Dr. Mike Orkin, professor emeritus, California State University with 40+ years of experience.
The collaborative effort has resulted in the creation of statistical tests utilising real game data, user behavior of over 100 million users, across billions of game plays, and other relevant factors to determine the prevalence of skill over chance in various games.
