Tag: Online Casino

New Report Explores Thriving World of Crypto Betting

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Crypto gaming has been rapidly expanding and can revolutionize the entertainment sector, according to the most recent ICODA report. Investors, operators, and players are showing a lot of interest in the industry, which is being driven by technical improvements and changing legal frameworks.

As a result of these developments, the crypto gaming industry is shaping up to be one to keep an eye on in the years to come. Here, innovation and adaptation are taking place at a breakneck speed, which speaks well for the future of crypto gaming as a dominant force in the entertainment industry throughout the world.

The details from ICODA’s study reveal even more.

A Whole Array of Market Dynamics

To begin with, the industry saw extraordinary growth, taking the market worth to $70 billion by 2024, up from $37 billion before the epidemic. Based on current predictions, the market might reach $150 billion by 2030, continuing its increasing path. In light of this tremendous growth, the iGaming industry is demonstrating its durability, and mainstream audiences are becoming more accepting of it.

Interestingly enough, there was a 50% growth from 2022 to 2023, with the number of active crypto gamblers reaching 15 million by the end of the year. Increased anonymity and security, made possible by blockchain technology, together with the accessibility of internet platforms, are among the driving forces behind this boom.

As of now, 65% of all cryptocurrency transactions take place on mobile platforms, making them the nerve center of the industry. It further backs up how the crypto gaming sector is very active, with a staggering $2 trillion in transactions reported in 2023.

Boosts From Regulatory Developments

The United States and Canada have become major players in the bitcoin gambling industry, with a 60% increase in activity as a result of new legislation and broad use of cryptocurrencies. Europe is not far behind, however, expanding at a pace of 55% thanks to digital advancements and supportive government policies. Potential growth opportunities in other markets have been underscored by these regions, which are in many ways establishing the pace for the global crypto betting sector. But it goes beyond that.

Progressive regulatory improvements have had a favorable influence on the expansion of the industry, according to the report. Countries like Gibraltar and Malta have put progressive regulatory frameworks in place, making their markets safer and more open to participants and operators alike. Investors are feeling more comfortable putting money into the industry because of the increased transparency and supervision. Consequently, businesses benefit from operational predictability and players enjoy the benefits of a well-regulated market.

UK Crypto Enthusiasts Find Clever Loopholes for Instant Gambling Action

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In a recent investigation, Sky News discovered a booming underground industry where crypto enthusiasts in the UK are easily gaining access to the excitement of unregulated gambling via the use of pre-verified accounts for well-known cryptocurrency casinos like Stake.com. With these accounts, which start at only £8, anybody interested in trying out cryptocurrency gaming can do so quickly and easily, without having to fill out any of the typical laborious paperwork or provide any personal information.

A Far-Reaching Phenomenon

Amidst the prohibition on crypto casinos in the territory, British gamblers are becoming creative to get around regulations and plunge headlong into high-stakes, unregulated gambling. This surge in popularity of crypto casinos, fueled by influential figures like rapper Drake, has given rise to a clandestine network where ready-to-gamble accounts are openly sold.

Despite the obstacles, determined gamblers are using open-source software to their advantage. Complying with regulations is so important to certain sites that they even demand picture identification from users when they create an account. If, on the other hand, the accounts that are being offered are pre-verified, purchasers can avoid these ID checks for as little as ten dollars (or seven and a half pounds).

These automated accounts are popping up all over social media, with vendors operating elaborate operations that include sales teams and “middlemen” who promise safe transfers for a cut of the activity.

Sky News’ months-long investigation has shown that Stake.com accounts are leading the way in this cryptocurrency gaming craze. One Discord server had over a hundred Stake.com accounts, and Facebook promoted almost two hundred of them. However, it is important to note that there is no evidence to suggest that the casinos were aware of or supported these activities.

Growing Concerns

Naturally, regulated casinos that accept cryptocurrency are making every effort to prevent fraud. They are highlighting their dedication to improving security measures and working together with authorities to combat this issue.

Still, some are worried that these accounts might fall into the wrong hands, especially young people and those struggling with gambling problems. Proponents of anti-gambling policies in the United Kingdom are concerned about the addictive potential of crypto casinos, which is exacerbated by features such as no time or bet restrictions.

The probe is still in its early stages, and social media platforms and cryptocurrency casinos are arguing over who is responsible. Nonetheless, increasing accountability is necessary, according to Carolyn Harris MP, who heads a parliamentary committee concerned with gaming’s negative effects in the region. Could this be the beginning of a ripple effect?

 

Our Tops Picks For 2024’s Gaming Trends

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The last year brought about some remarkable developments at the forefront of digital money and online gambling, which have revolutionized how we play at online casinos. A new age has dawned, spearheaded by crypto giants like Bitcoin (BTC) and Ethereum (ETH), in which virtual transactions and games come together. Coincident with the spirit of virtual play, users now have more financial freedom and flexibility thanks to the seamless integration of cryptocurrencies into online gaming.

Although the value of cryptocurrencies remains volatile, the fact that it is so well-liked by players brings an exciting new dimension to the intersection of cryptocurrency and online gaming. It is an exciting journey, and everyone cannot wait to see what happens next.

That said, as we look forward to 2024, we have the inside scoop on the most talked-about crypto-gaming ideas that are set to revolutionize online gaming.

Better User Experiences

For those seeking instant wagers and payouts, traditional payment options have proven to be a nuisance due to lengthy nuances such as identification verification processes and painfully delayed cash-outs.

We are entering a new age when players build a deep feeling of ownership and autonomy inside the vast gaming world, made possible by developers using cryptocurrencies to create distinct in-game economies where virtual goods can be tokenized and sold.

In 2024, when we break new ground in gaming, the combination of cryptocurrencies and online gaming does more than just make transactions easier; it creates an environment where players can fully immerse themselves in an experience that is focused on them and their needs, breaking free from the remaining constraints of conventional gaming.

The Rise of Crash Games

A lot of people are really into crash games right now. In these games, the thrill is in anticipating when a rising curve will “crash,” and players must collect their winnings before the curve takes a nosedive.

In what ways is this trend revolutionary? It is the amalgamation of cryptocurrencies, with the addition of increased speed and security to the mix. Due to the distributed nature of the blockchain, users may quickly enter and exit games, allowing them to better capitalize on market fluctuations.

With Bitcoin at the forefront, these crash games will undoubtedly make waves in the online gambling industry next year.

A larger movement toward decentralized solutions prioritizing individual protection is at play here, not only in the gaming community. Online gambling will most certainly reach a tipping point in 2024 when state-of-the-art security measures are fully implemented, resulting in a more streamlined and risk-free gambling experience for players and operators alike.

 

CryptoSlots Launches New Golden Game Version with a $400 Welcome Bonus

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CryptoSlots has been the premier destination for those interested in gambling with cryptocurrencies for huge bets and it is taking those ambitions a step further. They have just lifted the veil on the lavish Golden Game, a slot machine experience that is a real masterpiece and features 24-karat opulence.

With a plethora of bonus features including free spins, double wilds, and huge win multipliers, this game is set to blow up the cryptocurrency gaming market. In addition, until October 31st, new players could take advantage of a limited-time promotional bonus of up to $400 at a popular Bitcoin casino.

Why It Is a Big Deal

The Golden Game is the high-roller’s dream come true, allowing players to place bets as high as a jaw-dropping 5000 coins, equivalent to $500, on each spin. With ten tantalizing paylines that generously payout from both left to right and right to left, your chances of walking away with a hefty prize are as golden as the game itself.

The extravagance does not end there, either. All the standard playing card suits—Hearts, Diamonds, Spades, and Clubs—are represented in The Golden Game by exquisitely designed symbols that are rendered in glittering gold. Additionally, Scatters, Wilds, and Double Wilds gleam on the gilded reels, delivering a genuinely luxurious gaming experience.

Keeping The Industry in Toes

Slotland Entertainment S.A., the company behind CryptoSlots.com, has been a major participant in the online gambling market for almost two decades. Because of their expertise and concentration on the needs of the players, they can provide players with a fresh approach and excellent support. An unlimited crypto-gaming experience awaits you if you are ready to free yourself from the constraints of regular online casinos.

CryptoSlots simplifies everything by simply accepting cryptocurrency payments, and it accepts Bitcoin, Ethereum, Litecoin, Monero, USDT, and USDC among others. The casino has a large selection of provably fair slot machines, and new games are added regularly. Plus, while they play other games, players win tokens for the million-dollar Jackpot Trigger slot machine. There is also the possibility that they may get free entries into the monthly $10,000+ Crypto Lotto.

Web3 Technology Meets Gambling with Chancer

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The huge hype about the Chancer presage is sure to astound crypto gamers. Over 38 million tokens were snapped up in a couple of days, making this token sale a phenomenon in the world of online gambling.

So, what exactly is the big deal?

Chancer is not your average gambling website. It is aimed at being a game-changer in the world of online gambling since it promises to revolutionize the way we wager.

Chancer is built on a foundation of decentralization. In their place, a system that puts power back in the hands of gamblers like us will rise to prominence. Chancer provides a platform for personalized staking and payouts based on smart contracts, which together provide for an exciting and interactive social setting.

Chancer is unique since it proposes a decentralized prediction market. By using blockchain technology, Chancer removes the opaqueness and lack of confidence associated with conventional centralized bookies. Every one of us has the option to set personal prediction markets, where we can place wagers on everything from exciting sporting events to casual wagers with our friends and family.

There is more, however. You may use the P2P Chancer platform for either entertainment or to earn money. It guarantees a safe and entertaining betting experience thanks to thorough auditing and compatibility with Google’s WebRTC.

The Chancer Token

The Chancer token is at the center of all these plans. To participate in the platform’s prediction market and make bets, one needs to get this token. It functions as the de facto standard currency, making it possible to do business in a streamlined and effective manner. And the greatest thing is… At its current presale price of $0.01, the Chancer token presents an exciting opportunity for early investors.

The beta release of Chancer is expected in the third quarter of 2023, although the development process will continue beyond that point. The roadmap shows that work is continuing on product development with the end goal of implementing Filecoin data storage, introducing quadratic governance, and reaching complete decentralization. The gaming business might see dramatic changes thanks to this ambitious endeavor, and those who get in early could be on the cutting edge of these changes.

The overall direction of the Chancer roadmap indicates that significant progress will be made on the project. Boosted investor sentiment and token demand might set off a positive trend that lines up with the market’s expectations for a rising price cycle.

Rollbit On the Spot for Allegedly Operating Without a Valid License

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Accusations that Rollbit, a new and fast-rising cryptocurrency-accepting online casino, is operating illegally have caused quite a stir in the crypto world. The reality is, however, that this is just the tip of the iceberg.

The license status of the firm is the focus of the allegations, which Rollbit says are presently being reviewed as part of the yearly renewal procedure. The company claims this renewal procedure is typical of Curaçao-authorized platforms. In addition to this, they assert that to keep up with the standards that are required of a licensed casino, they have gone through the same process of renewal each year since the establishment of their business.

Some Serious Inconsistencies

Skeptics, however, have reason to doubt Rollbit’s assertions due to discrepancies between the company’s claims and publicly accessible data about Curaçao gambling licenses.

Slotegrator, a software provider and aggregator for online casinos, reports that so long as the master license from Curaçao is still active after five years, the sub-licenses may remain in place indefinitely. This runs to counter to what Rollbit says about having to renew their license every year.

Further uncertainty was added when crypto and finance researcher FatMan revealed a chat he had with Rollbit’s support team. In the beginning, the firm claimed that the lack of licensing information was a “UI problem,” but he did not buy it. He suggested that one of Rollbit’s new games might have upset the regulator.

As the situation around Rollbit develops, more accusations have surfaced. Others have accused Rollbit of engaging in unethical behavior by supplying false balances to influencers. In this claimed strategy, influencers utilize free money to demonstrate large wins, perhaps attracting their followers into gambling through affiliate links. This practice has been criticized because it is dishonest and lures naive customers while providing the casino with risk-free profits.

The Implications?

The accusations leveled against Rollbit are serious and may seriously damage the company’s reputation. In a statement released in response to the situation, Rollbit said it was in constant contact with the licensor and had made some small adjustments to the app’s user interface per the licensor’s suggestions. Yet the company’s answers haven’t been enough to calm the crypto community’s fears.

Some members of the cryptocurrency community are even demanding that Rollbit be shut down, while others are demanding that the firm provide more information to explain the issue.

Although the future of this situation is uncertain, it highlights the significance of openness and compliance with regulations in the online gaming industry.

New Report Reveals Surge in Crypto Use in Online Gambling

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Last Tuesday, BGaming, a notable figure in the world of crypto gambling released a publication detailing some of the key gambling trends of the third quarter of 2021. According to this report, online gambling recorded some of the most interesting developments.

In addition to the impressive demand for iGaming solutions, innovative additions to the sector have also been growing rapidly. For instance, gambling with crypto is now a very big deal. While crypto gambling is not an entirely new concept, it is still in the early stages in terms of mainstream adoption. The gambling sector is leading the pack in that regard with more interest in crypto-gaming solutions than ever. This sector’s popularity was where BGaming found the most growth.

Big Boost from Mobile Gambling

iGaming is generally on the rise in the United States as well as in other parts of the globe. One of the biggest contributors to that has been the increased accessibility of mobile devices. These devices are arguably the most vibrant markets for modern online gambling operations. Every operator has worked towards delivering amazing mobile casino offerings and crypto-friendly casinos have not been left behind.

Moreover, there is more ease of access to such things as crypto wallets and trading services are available for mobile users. That has made using crypto for real-money online casino games so much more accessible and convenient. It could even be said to be enjoyable in its current state.

Driven By a Growing Market

One other aspect that has been very important for the growth of crypto gambling has been the deep interest shown by the young adult population. This particular audience has grown by over 5 percent this year adding to what was already a very impressive number. Since they are more tech-savvy and open to innovative technologies, their interest in crypto gambling is not surprising.

“In the current climate, young adults are spending more and more time at home looking for new forms of entertainment. Following that trend, iGaming providers track the most popular demands of this new generation, creating and adapting new games and products to meet the needs of this growing market,” reads a statement from BGaming.

BGaming’s report is certainly something that other players would be interested in looking at. The company has already built a solid reputation for being the first operator to offer crypto-powered iGaming experiences. As it looks to expand the business and its network further, the company will leverage the finding on its report.

BC.GAME Receives Gaming License from Curacao

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As the world of crypto and gambling continues to come together, several companies are beginning to reap the fruits of it. This is one of the fastest-growing sectors making it a key target for several businesses. Lots are succeeding. Recently, BC.GAME which is one of the fast-rising operators in the world of crypto-powered gaming has been all the buzz.

The company’s ambitious plans to extend its footprint are well on the course thanks to a recent development. It officially received a gaming license from the Curacao Interactive Licensing N.V. That makes it an officially regulated online casino and is a huge milestone for the company as it pursues full compliance.

This is a very big deal. The company has even gone as far as publishing its new license to the Interplanetary File System (IFPS). This platform allows for the storage of files securely in a blockchain in a manner that allows ownership to be easily proven through a private key. It also means that the file cannot be tampered with or even used for unintended purposes.

Speaking on the new development, BG.GAME COO Chris Butler noted the company’s new status as a regulated iGaming operator opens doors for opportunities. For instance, the operator will now be able to offer thousands of third-party games from leading game developers across the globe. In addition to that, the license also creates room for further ventures.  A sportsbook and a live dealer casino offering seem to top the list.

Huge Win for Crypto Gambling

As much as crypto-powered online gambling has grown over the years, it still has a long way to go. The BG.GAME development acts as a beacon of sorts that will likely kick off more growth. It is very difficult for crypto-only casinos to obtain gambling licenses but this is changing. Now that the company has proven that it can be done, many more will probably follow.

BG.GAME currently supports deposits and withdrawals using over 50 different cryptocurrencies which is very impressive. Even the casino businesses that have been around for decades have not been able to pull that off. Understandably, the crypto gambling scene is still picking up pace. We just must appreciate the small wins and acknowledge their role in pushing the whole industry forward.

It is also worth noting that this goes well beyond gambling. A license essentially affirms the legitimacy of crypto use. This should also be a decent way of showing more people that many existing digital currencies are viable and ready for mainstream use.

Are NFTs Headed to Gaming?

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Cryptocurrencies are perhaps one of the most notable developments of the past decade or so and they continue to spawn even more innovations. Now, one of the most talked-about aspects of the crypto landscape is non-fungible tokens otherwise known as NFTs.

What Are NFTs?

As it is with several aspects of the crypto industry, NFTs are still not understood by everyone which is totally understandable. They are simply collectible digital assets that hold value as a form of cryptocurrency and as a form of art or culture. The reason why they are such a big deal is that they are a way to create both scarcity and uniqueness to digital art. You can also think of it as a new vessel of distribution and ownership for an already rather experimental medium.

How This Relates to Online Casinos

Well, if history is anything to go by, the casino industry is likely to pick up on this new buzz much like did with other emerging technologies. Today, bettors can leverage some of the latest technologies on their gambling platforms of choice. These include things like digital currencies, live betting, and even other arguably niche technologies like Augmented Reality (AR) and Virtual Reality (VR).

Now, if we consider the massive popularity of NFT, it is almost guaranteed that a massive push for its adoption in the online gaming world will be a reality soon. The rise of such activities like eSports also serves to prove the potential of the new technology as a way to take online gambling and gaming to the next level.

In many ways, the NFT blockchain network, online gaming, and the online casino industry seem to be built in such a way that they complement each other. Some companies have already begun investing in that future and they are already projecting some pretty impressive returns from that.

Should You Jump In?

People are already trading NFTs which sort of gives it a start that is much like the launch of digital currencies in the early 2010s. However, the phenomenon is still marred in quite a bit of skepticism just in the same way that digital currencies were in the beginning. All things considered, jumping in at this very moment is mainly a question of how much faith you have in what is arguably the future of gambling, art, and entertainment.

There is still a long way to go and a lot to learn before everything falls to place as projected but there are lots of people who are more than happy to be a part of that journey. Are you one of them?

BitBoss Breaks New Ground for Bitcoin SV Gambling

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Crypto-powered online gambling has achieved yet another great milestone thanks to a recent move by BitBoss, one of the fastest-growing crypto-first online gambling platforms. The operator has made history by launching the very first blackjack game to run entirely on-chain, something that certainly means a lot for the future of the online gambling industry.

Now, the integration of online casino games with blockchain technology has not been very easy to pull off especially due to the current technological limitations. BitBoss has, however, found some workarounds that have made it possible for the company to pull off such a fete.

Players can look forward to the same level of quality when playing on-chain poker with BitBoss due to the impressive optimizations that have been implemented in the game. All of the bets, as well as the results of the games, are transactions on the very popular Bitcoin SV blockchain which means that they offer all the benefits of the technology. These benefits include transparency, accessibility, immutability as well as the utilization of some untapped potential.

According to Alex Shore, the BitBoss. CTO, the company went a step further with the blackjack offering since blackjack is a multi-action game. All of that action is recorded on the blockchain which comes with some other benefits. Perhaps the most notable benefit is that everything is provably fair and therefore there is no need to build off-chain technology and try to scale it later.

New Exchange Services

In addition to the new blackjack offering, BitBoss’ Dragon BSV Casino is also now allowing customers to convert whatever digital currency they may have to Bitcoin SV (BSV). Some of the popular digital currencies that users can trade on the platform include BTC, ETH, XRP, TRX, XMR, LTC, USDT, and USDC. In addition to offering their users unmatched convenience, BitBoss is looking to achieve much more with the exchange services it is now offering.

The most important goal for the company seems to be to show the world just how powerful the Bitcoin SV blockchain is. Moreover, this will serve as a way to elevate the popularity of Bitcoin SV – the digital currency is already making headlines due to its stability especially when compared to the likes of Bitcoin.

The developments that BitBoss unveiled came just a short while after the Bitcoin Association announced that the first Bitcoin SV Technical Standard Committee-commissioned standard is ready for public review. This just marks the beginning of a potentially impressive upward trajectory for BitBoss as it inches close to mainstream adoption.