Yes, maybe that is because they don't want to go to a real casino, and they want to hide their identity to play gambling. Once people were playing gambling, they will play again the other day. And there is no correlates with bitcoin price because they have another option for the coin to gamble. But indeed, the activities in gambling can be reduced in the decreasing of bitcoin price. Some of them are back to focus on the market to prevent the loss of trading.
Unless it is illegal/prohibited to country/region of the said gambler (or a minor), you don't need to hide your identity. I think it is correlated/connected, why(?) because of the
exchange. In online gambling sites, it is presented that they're
accepting different currencies (cryptocurrencies). That already portrays the obvious, there's an exchange between currencies. And sometimes, there's an exclusive cryptocurrency for that gambling site, so you have to exchange(convert), let's say, your Bitcoin to that exclusive currency, for you to start gambling. So, constant P2P transaction (in this case, the gambler <=> gambling site) makes changes to the market value. I don't know how
impactful it is, but it does.
I don't think is there any correlation between the prices of bitcoin and crypto gambling activities,because gamblers who using cryptos mostly change their fiat into cryptos in short time interval before betting so they are not going to have much higher or lower amount from the current fiat value.
You could say that. But the fact that you mentioned, a
gambler exchanges his/her fiat money to cryptocurrency first before betting in an online gambling site, can be considered as indirect-correlation.
I dont watch too much statistic about gambling sites.
But if i see on top big player, this year the biggest bet already dropped around 40% if we compare it with last year.
There is also in gambling sites now is like quite. I don't know what happen, but i think that is correlate.
Maybe if price bullish, some people want gamble coin to get maximum profit, but not when price bearish, maybe hard to get it.
Probability is the only statistic that is used in gambling. So I don't think Gambling-Statistics doesn't really correlate with cryptocurrency--but there's a different statistics approach to cryptocurrencies (I hope this isn't confusing).