I'm assuming everyone here already knows how volatile crypto markets are and how much of a risk it is to trade there. I'm not going to delve deep on that topic because I consider it a given already. However I'm getting a sense that in spite of the great demand to make risky trades on crypto, casinos tend to ignore it too much.
I remember a few years ago binary options on BTC/USD were quite popular.
These days billions of USD are put towards leveraged futures, and now with markets opening futures and options on Bitcoin ETFs, institutional investors will also have access to very risky positions on BTC right from their broker.
However, these markets have several restrictions. On most brokers you can't get margined leverage above 5x and/or many territories don't even allow for brokers to offer options to the general public. Let alone the fact that people from many countries aren't even allowed to sign up to crypto exchanges because of arbitrary reasons like for example Israel pressuring Binance to close the accounts of people just for being Arab.
Anyway, I think more casinos should follow the path of what Rollbit has been doing with its virtual futures and offer gambling services based on the BTC price. There could be several advantages. No KYC, no regulatory restrictions as imposed on traditional markers, unlimited leverage... You name it.
Maybe even there could be some algorithmic memecoin releases. Maybe you're one of the lucky ones that get 10x or one of the unlucky ones that get rugged.
Would you gamble on casino games that are based around the real fluctuations of BTC's price?
This is something I've always wished was available on stake, since stake has remained my favorite and number one go to casino for anything gambling.
I completely agree with all that you have said, but I still believe that there is a difference between a trader and a gambler, and that difference will always remain, what will seperate both is their level of knowledge and dedication to research and analysis.
A professional trader won't trade blindly, he or she must research, analyze, read, take all the necessary measured to ensure that he or she knows what he or she is doing when ever he or she opens a position.
But for the gambler, he or she may not have to time for research or analysis, this things are complicated and he may not even know how to do them, so, he enter the market, opens a position blindly, this is what makes him or her a gambler.
Casinos have a great opportunity to open up gambling of cryptocurrencies based on their price instability, but i guess most casinos are already OK with the games they offer, which is actually very boring at times.
