Topic: The GG Poker Paradox: Thriving in a Declining Industry - page 2. (Read 241 times)

I have seen many new crypto-based poker platforms mushrooming up in recent times. Not even one of them is doing well except 7XL, which is a skin of the GG network. What could be the reason for that? Why is it very hard to compete with GG Poker despite lower rake structures and massive promotional offers?
One promising prospect which I can think of is Stake.com, which recently introduced poker into their platform. New startups might learn a thing or two from Stake.com, as they are offering regular $500 freerolls which are now starting to show results, especially in their cash tables. Will it be sustainable if they stop those lucrative freerolls? That is the question, as we have seen many startups die after stopping freerolls.
What could be the reason behind such failures? Is it because poker, in general, is on the decline?(collusion, solvers etc.). Even most traditional fiat-based established poker platforms are not doing well, except GG.
But why is GG showing impressive growth and on the verge of claiming monopoly? Is it because of their massive investment in software? Or is it because they are collaborating with famous poker players? In my humble opinion, this can't be the reason, as PokerStars has been doing that for much longer, but their player base is declining rapidly.
What are your thoughts on this matter and what do you think is the secret sauce of success in this field?