The Rise of Crypto Gambling: What You Need to Know

Hamphser

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Quote from: paxmao on June 25, 2024, 07:44:22 PM

Quote from: Hamphser on June 25, 2024, 04:26:30 PM

Quote from: LUCKMCFLY on June 25, 2024, 11:03:57 AM

Quote from: kotajikikox on May 07, 2024, 12:16:54 AM

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming Grin

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Competition tends to be good for the customer, so more sites usually mean that users will be better treated and they will have more options if they consider that they should be treated better, have better bonus or being offered more games. However, if it goes to far businesses will start being created an disappearing too fast and would cause confusion in the market. Some solid sites should always be around.

Just like in any business then there would really be those who do come and go on which this would really be a never ending cycle and this is something that very normal on this case. It is really just that there would really be those people who would really be just that wanting on testing out different variations of games from different platforms and providers. Just like on what i have said that for us gamblers then this one would really be that an advantage considering that options and offerings would really be tons and this would really be that great. Gambling business is a profitable one
and it would be understandable that business owners will really be that trying out to make one just because they've seen its profitability.

paxmao

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Quote from: Webetcoins on June 27, 2024, 04:08:23 PM

Quote from: Julien_Olynpic on June 25, 2024, 08:10:22 AM

In fact, we see that progress in the field of gambling does not stop. Yes, we are seeing an exciting thing - how Bitcoin and web3 in general are gradually taking over the gambling industry. And this is just the beginning. Gradually, we will come to the point that few people from casinos and bookmakers will ask for CUS. While this phenomenon is not widespread, casinos can be understood because they are regulated organizations. But, as I already mentioned, progress does not stand still. I assume that anonymous coins such as Monero will gradually be introduced into the space. Over time, the CUS procedure will die out. For its death, it is enough for several truly decentralized gambling technologies to appear.

Sorry to spoil your enthusiasm but lately I experienced some blockage in some casinos that I use but it only happens whenever I use my Wi-Fi and not my mobile data. They are not the same networks. I'm only hoping that my other network won't do the same thing. BTC is the main crypto, so I wouldn't say that it is gradually taking over because it happened already long time ago. Web3's are not new either but its development is slow.

I guess this is because people prefer full centralized services nowadays. We are already used to them anyways, so I think this is not something that will still bothered us. IDK what is that CUS you mean but I might researched this later on my vacant time.

Is that specific to your locality or country? Gambling is always in the regulators eye unfortunately, it may cause all short of temporary or permanent prboblems with access. I am sure the sites can also mover around and most of the times they will be able to figure out how to get past the regulation of some countries, but in some others it may simply be impossible - too harsh laws and punishments.

Webetcoins

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Quote from: Julien_Olynpic on June 25, 2024, 08:10:22 AM

In fact, we see that progress in the field of gambling does not stop. Yes, we are seeing an exciting thing - how Bitcoin and web3 in general are gradually taking over the gambling industry. And this is just the beginning. Gradually, we will come to the point that few people from casinos and bookmakers will ask for CUS. While this phenomenon is not widespread, casinos can be understood because they are regulated organizations. But, as I already mentioned, progress does not stand still. I assume that anonymous coins such as Monero will gradually be introduced into the space. Over time, the CUS procedure will die out. For its death, it is enough for several truly decentralized gambling technologies to appear.

Sorry to spoil your enthusiasm but lately I experienced some blockage in some casinos that I use but it only happens whenever I use my Wi-Fi and not my mobile data. They are not the same networks. I'm only hoping that my other network won't do the same thing. BTC is the main crypto, so I wouldn't say that it is gradually taking over because it happened already long time ago. Web3's are not new either but its development is slow.

I guess this is because people prefer full centralized services nowadays. We are already used to them anyways, so I think this is not something that will still bothered us. IDK what is that CUS you mean but I might researched this later on my vacant time.

arwin100

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Quote from: paxmao on June 25, 2024, 07:44:22 PM

Quote from: Hamphser on June 25, 2024, 04:26:30 PM

Quote from: LUCKMCFLY on June 25, 2024, 11:03:57 AM

Quote from: kotajikikox on May 07, 2024, 12:16:54 AM

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming Grin

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Competition tends to be good for the customer, so more sites usually mean that users will be better treated and they will have more options if they consider that they should be treated better, have better bonus or being offered more games. However, if it goes to far businesses will start being created an disappearing too fast and would cause confusion in the market. Some solid sites should always be around.

Yeah it will really be so good and beneficial to gamblers since that give them a lot of option. This also push the casino to perform more better since if the other one or their competitor could able to provide good service to their gamblers then that will be a huge lose for less performing once. Also there's provably a lot of promotions to enjoy especially many of casino's offer a good rewards to people convince them to gamble on their casino and that is really good since there's many benefits we could provably select which people could enjoy.

That's why there's lot of surviving casinos running for long time and we see a lot of casinos exist in this forum for longest time they have manage to produce quality platform to their gamblers and there are many people still enjoy to gamble on their casino.

paxmao

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Quote from: Hamphser on June 25, 2024, 04:26:30 PM

Quote from: LUCKMCFLY on June 25, 2024, 11:03:57 AM

Quote from: kotajikikox on May 07, 2024, 12:16:54 AM

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming Grin

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Competition tends to be good for the customer, so more sites usually mean that users will be better treated and they will have more options if they consider that they should be treated better, have better bonus or being offered more games. However, if it goes to far businesses will start being created an disappearing too fast and would cause confusion in the market. Some solid sites should always be around.

ultrloa

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Quote from: LUCKMCFLY on June 25, 2024, 11:03:57 AM

Quote from: kotajikikox on May 07, 2024, 12:16:54 AM

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming Grin

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

I always love to see how the competition goes with those casino in this forum since there's a lot of special benefits from their offers we can get from them. That's why its good to see that lots of casino doing good marketing because we could able to choose where to gamble. Also personally as a newbie I don't give much importance if the casino is reliable before since what I'm looking is a platform which I can place my bets but since we see a lot of scams happening then I choose to gamble on big casinos which always have good feedback coming from different people in this forum. We maybe can see similar promotion or giving a huge bonuses to their new players but its really different when we say about reputation since we can safely gamble if we just choose those good casino rather than risking our money on betting also for the questionable reputation of other casino which we don't know if we can withdraw our funds especially if we decide to take out a huge amount of money from their platform. So choose reputable and have good track record for releasing huge rewards or funds withdrawal to their costumers since they are more good option to choose.

Hamphser

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Quote from: LUCKMCFLY on June 25, 2024, 11:03:57 AM

Quote from: kotajikikox on May 07, 2024, 12:16:54 AM

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming Grin

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

LUCKMCFLY

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Quote from: kotajikikox on May 07, 2024, 12:16:54 AM

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming Grin

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

Julien_Olynpic

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In fact, we see that progress in the field of gambling does not stop. Yes, we are seeing an exciting thing - how Bitcoin and web3 in general are gradually taking over the gambling industry. And this is just the beginning. Gradually, we will come to the point that few people from casinos and bookmakers will ask for CUS. While this phenomenon is not widespread, casinos can be understood because they are regulated organizations. But, as I already mentioned, progress does not stand still. I assume that anonymous coins such as Monero will gradually be introduced into the space. Over time, the CUS procedure will die out. For its death, it is enough for several truly decentralized gambling technologies to appear.

Wiwo

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Quote from: Gozie51 on July 19, 2023, 02:28:55 PM

Quote from: nitrobetting on July 19, 2023, 01:02:55 PM

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You should already know this is same characteristics you have with banks, fiat casinos and centralized crypto casinos. Fiat casinos may not request for your picture but centralized casinos among other things requested may further ask to see your face which in fact is very discouraging. So what point are you making with this? I'm sure your link could be about a casino running on KYC.

I really don't know what the point of have this discussion since we have already discussed in several threads and topic on the abuse of users privacy amd data's by centralized casinos who engage in such act of selling their clients information on the dark net and used for all sort of illegal deals, but then also we have some of the kyc compliance platforms who have high users protection and will never sell out the customers kyc documents and detail.

The primary reason why casinos request for kyc documents is to ensure that their follow regulatory guidelines and also have something to give to the government in the event that there is need to cooperate with authorities.

dansus021

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The Rise of Crypto Gambling, yeah I saw It too Whether you like gambling or not, the gambling industry already become a part of the crypto itself. You know stake right I just quoted this from the internet that "Stake generated nearly $2.6 billion in gross gaming revenue last year alone, the Financial Times reported. That's up from 1.8 billion Australian dollars ($1.2 billion) in 2021 and a big jump from just $105 million in the year prior" - https://blockworks.co/news/crypto-casino-stake-revenue

May 2022 - Duelbits Casino surpasses the $10 million annual revenue mark, marking its successful years of operation. I mean this is not small money right and from this gambling can be grow even crazier.

Zadicar

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Quote from: bitcampaign on June 24, 2024, 10:26:10 AM

Quote from: sunsilk on May 06, 2024, 04:31:33 PM

Quote from: casinosfyi on May 06, 2024, 05:32:34 AM

better means of security and have a more rapid withdrawals.

But don't be surprised if you've been halted for some reason. Especially, to the big withdrawals that are being done and even if you've won that outrightly.

There's a possibility that you'd be stopped for some additional verifications and that's common today for most casinos.

If you play gambling with a large amount, it will be much better with big gambling than with new gambling, most likely if the withdrawal of the Crypto amount when winning the game, there will definitely be no obstacles even though you take the option with a small fee, in order to avoid large fees and the process will take time, but if you use crypto other than BTC / ETH, it is certain that it will not take long in the withdrawal process, that's why most people do that.

Whether the fee is big or not but it would really be something that sticks about into their typical withdrawal fee and holded up those winnings is something that main issue on here on which dealing up with sites
that having no reputation or not that popular that much here in the space or market will really be something have that kind of impressions about on having those possible blocking of winning amount
on the moment that you would really be needing up to withdraw but dealing up even on legit or known sites could really be still giving out that probability on asking out some verification on which
this is only on the moment that you would really be hitting up such threshold.

This is why you should really be that getting used to when it comes to this aspect about probabilities but as much as possible, we do know that there are still sites which are that
able to make withdrawals even on big amounts without any issues. This is why it would really be that situational on this aspect basing up on the sites or platforms
that you are really that dealing with.

bitcampaign

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Quote from: sunsilk on May 06, 2024, 04:31:33 PM

Quote from: casinosfyi on May 06, 2024, 05:32:34 AM

better means of security and have a more rapid withdrawals.

But don't be surprised if you've been halted for some reason. Especially, to the big withdrawals that are being done and even if you've won that outrightly.

There's a possibility that you'd be stopped for some additional verifications and that's common today for most casinos.

If you play gambling with a large amount, it will be much better with big gambling than with new gambling, most likely if the withdrawal of the Crypto amount when winning the game, there will definitely be no obstacles even though you take the option with a small fee, in order to avoid large fees and the process will take time, but if you use crypto other than BTC / ETH, it is certain that it will not take long in the withdrawal process, that's why most people do that.

Haunebu

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Quote from: paxmao on May 06, 2024, 06:21:10 PM

I find it a bit weird that the OP is speaking of bitcoin as "store of value", what we all understand as "digital gold" but this is not really in line with using bitcoin for transferring betting money regularly because the fees make it nearly impossible, even with a lighting channel open or the like. I would say that any other crypto is more useful for that specific case of use. But there is a case to have bitcoin in an exchange and convert to bet.

Well said. Ordinals and Runes messed up the BTC network so badly that investors think twice before deciding to transfer their BTC. Fees were negligible before all of that crap messed up the network.

Altcoins like Litecoin, Dogecoin etc are way better options in comparison as you mentioned since their networks are pretty much always stable.

kotajikikox

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Quote from: casinosfyi on May 06, 2024, 05:32:34 AM

Quote from: nitrobetting on July 19, 2023, 01:02:55 PM

You are correct. The future of online crypto casinos is affected by the blockchain technology, that permits online crypto casinos to take advantage of features that are not obtainable in non crypto casinos - crypto casinos provide improved restrictions, better means of security and have a more rapid withdrawals.

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming Grin

paxmao

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Do not die for Putin

I find it a bit weird that the OP is speaking of bitcoin as "store of value", what we all understand as "digital gold" but this is not really in line with using bitcoin for transferring betting money regularly because the fees make it nearly impossible, even with a lighting channel open or the like. I would say that any other crypto is more useful for that specific case of use. But there is a case to have bitcoin in an exchange and convert to bet.

danadc

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Quote from: Dunamisx on May 06, 2024, 03:53:47 PM

Quote from: virasog on July 26, 2023, 01:00:49 PM

KYC is not a hindrance in the growth of crypto gambling as people are ready to do KYC in return for doing crypto gambling. The advantages of crypto online gambling are more than fiat gambling. So that is the reason that online gambling is increasing day by day as more people are leaving physical gambling or gambling through fiat money and moving towards gambling through cryptocurrencies.

KYC cannot be avoided in online gambling or offline gambling, so I don't think we have a choice of gambling without KYC.

I also go along with your suggestion on this, there is nothing to cause hindrance to the use of casino gambling platform because of KYC, what i only noticed about the gamblers concerning this is a frequent complaint about it, which if they were able to make provisions to all required information's needed by the platforms, they are going to enjoy them, and despite the KYC challenges, may are still finding it more attractive and interesting in using any online gambling platform because they can afford their kyc requirements unlike other gamblers who couldn't.

I think the same, or that new Casinos should Establish another system, not direct with a KYC, but a less radical system, an identification but not as difficult as this, so this can be done in a more Subtle way, for this reason This is something that can be generated for the better at the time that the followers like that it is not so difficult to do something like that, that is why it is an option that always happens to me, I am not one to leave KYC on all Platforms, Because it is Leaving my data is not a good thing, but now with this law in every casino it is difficult to go Against it.

sunsilk

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Quote from: casinosfyi on May 06, 2024, 05:32:34 AM

You are correct. The future of online crypto casinos is affected by the blockchain technology, that permits online crypto casinos to take advantage of features that are not obtainable in non crypto casinos - crypto casinos provide improved restrictions,

For everything that's related to crypto casinos, there's always the use of blockchain technology. Whether it is a casino or an exchange or payments are made on crypto then it's for sure that there's blockchain technology behind it.

Quote from: casinosfyi on May 06, 2024, 05:32:34 AM

better means of security and have a more rapid withdrawals.

But don't be surprised if you've been halted for some reason. Especially, to the big withdrawals that are being done and even if you've won that outrightly.

There's a possibility that you'd be stopped for some additional verifications and that's common today for most casinos.

Dunamisx

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Quote from: virasog on July 26, 2023, 01:00:49 PM

KYC is not a hindrance in the growth of crypto gambling as people are ready to do KYC in return for doing crypto gambling. The advantages of crypto online gambling are more than fiat gambling. So that is the reason that online gambling is increasing day by day as more people are leaving physical gambling or gambling through fiat money and moving towards gambling through cryptocurrencies.

KYC cannot be avoided in online gambling or offline gambling, so I don't think we have a choice of gambling without KYC.

I also go along with your suggestion on this, there is nothing to cause hindrance to the use of casino gambling platform because of KYC, what i only noticed about the gamblers concerning this is a frequent complaint about it, which if they were able to make provisions to all required information's needed by the platforms, they are going to enjoy them, and despite the KYC challenges, may are still finding it more attractive and interesting in using any online gambling platform because they can afford their kyc requirements unlike other gamblers who couldn't.

AHOYBRAUSE

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Why even bringing back this garbage thread written by this garbage company.
Actually, I doubt it's even written by them, most likely they use some AI.

The garbage they post here can also be found on their "blog". For some reason they still keep this alive even though I doubt anyone is interested in reading it. Grin

Topic: The Rise of Crypto Gambling: What You Need to Know (Read 996 times)