Gambex (GBE): What Happened — History, Status & Token Today

What it was

Gambex described itself as a protocol connecting players, game developers and casino operators. Users could fund new games through a launchpad and share in their revenue, and Gambex planned an ETH-backed Games Liquidity Pool (GLP) as the house bankroll.

It ran on-chain jackpot games on Arbitrum, such as “King of Rugs”, and a casino at gambex.bet with third-party games. GBE was the protocol token on Ethereum. A separate casino token, GBET, was promised to GBE stakers and casino players, but we found no evidence that it launched.

Gambex's documentation said the code had not been audited. We found no named team or legal entity. On 1 January 2024 Gambex described its casino as “Licensed”, but it named no licence or licensing authority.

Timeline

1. Oct 2022@gambex_io X account created.
2. 1 Nov 2023GBE/WETH liquidity added on Uniswap V2: 30,000 GBE and 16.57 ETH. [6]
3. 6 Nov 2023GBE listed on CoinGecko. [20]
4. 6 Nov 2023“King of Rugs” jackpot games go live on Arbitrum. [8]
5. 13 Nov 2023Gambex reports more than 350 GBE holders and the start of in-house casino development. [7]
6. 19 Dec 2023@GambexBet X account for the casino created. [21]
7. 28 Dec 2023GBE reaches its all-time high of $28.33. [18]
8. 29 Dec 2023Gambex says the majority of GBE liquidity is now owned by the community. [23]
9. 1 Jan 2024Holiday update: 950 games integrated, crypto deposits enabled, “Licensed Casino” (no licence named). [9]
10. 4 Jan 2024Gambex says a treasury bond sale has funded the protocol “for the next months”. [10]
11. 10 Jan 2024The casino is still closed to the public; 44 early-access users have wagered about $35,000. [11]
12. 16 Jan 2024GLP V1 bankroll system announced. [22]
13. 23 Jan 2024Gambex reports more than $1.2 million locked in pools earning GBE and spGBET rewards. [12]
14. 17 Mar 2024Gambex says @GambexBet bought 1,500 GBE with profits from the casino's private v1. [13]
15. 24 Mar 2024Bonds announced to cover additional operating costs. [14]
16. 23 Apr 2024Points portal launched. [15]
17. 30 Apr 2024Last post on the official X account: a 15-day liquidity reward round. [1]
18. 3 Aug 2024Last liquidity withdrawal from the main GBE/WETH pool. [24]
19. 14 Jan 2026Last Wayback Machine capture of gambex.io with HTTP 200. [16]
20. 19 Oct 2026gambex.io returns a Cloudflare 522 error; gambex.bet redirects to a “ww” subdomain instead of the casino.

How it ended

Gambex never announced a closure. After the points portal launched on 23 April 2024, the X account posted for one more week; its last post, a liquidity reward update, is dated 30 April 2024. The casino account @GambexBet shows no posts.

The gambex.io web app was still captured by the Wayback Machine in January 2026. By 19 October 2026 it returned a Cloudflare 522 error (the origin server does not respond), and gambex.bet no longer showed the casino.

No official reason has been found.

Token today

GBE is an ERC-20 token on Ethereum with a total supply of 280,000.

Liquidity providers added about 123 ETH to the main GBE/WETH Uniswap V2 pool in 55 deposits and removed about 91 ETH in 33 withdrawals between November 2023 and August 2024, according to the pool's on-chain events. No single withdrawal exceeded 11.5 ETH, and on 19 October 2026 the pool still held about 4.18 WETH and 161,000 GBE.

CoinGecko lists no active GBE markets and last updated its price on 10 August 2026. The planned GBET casino token never appeared, and no official claim or migration process has been found.

Market and holder figures are snapshots from the date shown and change over time. This is not investment advice.