Scam-Or Project has observed the activities of SoftSwiss and SpotOption for many years, focusing particularly on the people and networks behind these businesses. A new point of interest involves Playnance, where questions remain that require clarification from knowledgeable insiders.
Background on SoftSwiss and Playnance
SoftSwiss (www.softswiss.com), founded in 2008 by Ivan Montik, develops technology for online gambling and cryptocurrency payments. Over the years, it has become a recognized company in the international iGaming sector, offering products such as casino platforms, crypto payment solutions, and blockchain-based services. The firm has also been linked to professional and personal networks connected to Israel, Eastern Europe, and the Caucasus.
Playnance (www.playnance.com) appears to represent a blockchain-focused continuation of an earlier business approach associated with Pini Peter (Malhaz Pinhas Patarkazishvili), often described as one of the pioneers of the binary options industry.
For a long period, Peter’s Israel-based company SpotOption provided technology to numerous binary options brands. According to the U.S. SEC and the U.S. DOJ, many of these brands were involved in what has been described as one of the largest investment fraud schemes conducted online. Recent analysis by Scam-Or Project suggests that Playnance may serve as a blockchain-era successor to SpotOption, providing similar functionality adapted for cryptocurrency and Web3 systems.
Hypothesis: Georgian Connections
One unverified assumption is that Roland Isaev and Paata Gamgoneishvili, both known for their established ties to Israel, may have some form of association with Playnance under the direction of Pini Peter.
- Fact: Isaev, Gamgoneishvili, and Peter were all born in Georgia, a common background that often supports strong professional and political links.
- Fact: Both Isaev and Gamgoneishvili have prior involvement in sectors such as blockchain, gambling, and payment services—fields that align closely with Playnance’s focus.
- Hypothesis: Considering the historical intersections of networks in binary options and gaming, their potential role in Playnance requires closer review.
Why This Is Important
If confirmed, the participation of these individuals could suggest either a continuation or an adaptation of strategies from the binary options period, now applied to blockchain-based platforms. Considering SpotOption’s regulatory and legal history, such connections would be of interest for compliance monitoring, investor protection, and law enforcement oversight.
Appeal to Whistleblowers and Insiders
Scam-Or Project is seeking input from those with reliable knowledge or documentation that can:
- Confirm or deny whether Roland Isaev and/or Paata Gamgoneishvili are involved with Playnance.
- Clarify the ownership, management, or strategic partnerships behind Playnance.
- Indicate whether Playnance’s model is comparable to SpotOption’s earlier framework, now adapted to blockchain-based gambling, trading, or financial activities.
Such insights would help regulators, enforcement authorities, and the wider public to better understand potential risks in this evolving sector.
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