Topic: Understanding the Emergence of Crypto Gambling (Read 367 times)

I guess that's the next big thing in gambling industry - the rise of VR as we are already in this digital age. It is only a matter of time before the VR thing goes to mainstream. As of now, only few can afford such tech because it is expensive. But sooner or later, this tech will also become economical and so a lot will find it affordable to use in their games.

Do remember, when crypto gambling was just at its early stages, only small number of users were playing. And now, if you have seen this forum alone, a lot of  crypto casinos and bookies are already existing. It means, this type of business is growing and so the demand is increasing.

What else? They could seize them or shutdown them, what will happen? Unlike centalized casinos, decentralized/web3 ones are non-custodial. It means you don't need to deposit a bankroll in order to play. Your funds stay into your wallet, and the stakes you play are sent into a smart contract. So even if authorities manage to block them you would only lose funds in play at most.

Cryptocasino and bookmaker organizations have a lot of things that you need to strive for and what else needs to be introduced. Firstly, to refuse the COS, but for this you need to pay all the winnings in cryptocurrency. Secondly, pay all the winnings, even long-term-per-income players in sports bets. You know that in my country, not all bookmakers pay winnings. It often happens that if a person starts often and win a lot, then an account is blocked. We need to get away from this practice. This will benefit the entire industry.

Our process of changing and adapting to all kinds of different fields including gambling, I read stories about history or through movies about gambling in history, it is like an entertaining game and gradually transforms under human use. I remember the stories my grandfather used to share about gambling through the Mahjong,... well almost everyone knows how to play it and the process of change reaches the decks of cards and there are many different games based on it, then comes the casino time, then the process online gambling,.... and it can also be speculated that in the future we will also witness many forms of play where the chance of gambling is present in change. I asked a certain project to share about the form of VR combined with gambling, perhaps it is a smart idea for the ongoing technological change.

Crypto casinos have now found a place for gamblers who want to gamble online. They can hide their gambling activities at online crypto casinos from other people. As more and more people gamble at crypto casinos, they are finding a different experience.

When gambling at a crypto casino, you have to be careful because not all crypto casinos can provide a good experience. You have chosen a crypto casino that can provide staking facilities so you can get other benefits. This allows you to get returns in tokens or other crypto in addition to gambling.

In the future, these crypto casinos will grow even more rapidly. Moreover, technological developments will also improve. That will support crypto casinos' becoming more popular, and crypto will also become more popular.

Great post, I think for the most part you are really on to something there with the psychological explanaition for why crypto betting is percieved to be better to gamblers, but I think that KYC and regulations are looming for crypto casinos and its only a matter of time until governments start cracking down due to the very lack of KYC and AML policies. Crypto gambling is no doubt changing the game though, definitely in a good way!

With the emergence of cryptocurrencies, people started paying more attention to cryptocurrencies due to the high volatility they offer and as many people bought cryptocurrencies to do hodl or trade, crypto casinos emerged that offered something that fiat casinos could not afford. to offer, which was anonymity and privacy. people felt more comfortable playing in crypto casinos than playing in fiat casinos, so the crypto casino market grew and to this day continues to grow even though they are forced to have a license and require kyc from their customers. There is no doubt that the creation of bitcoin has brought benefits to many things


Looking at how governments have taken this issue about money laundering and KYC very seriously, I prefer to stay far away from these decentralized casinos that do not ask for KYC and that offer anonymity because sooner or later governments will seize all decentralized casinos because they operate without a license and don't ask for kyc, they will soon be accused of money laundering by governments

Yes, there is a great point there, I personally think that both things are very destructive, that is why we as players if we had a little more control we would only control the money and every time you win in a casino even if it is little money then you have to withdraw that money to feel it, to touch it, of course this is my recommendation, everyone is the owner of the decision what they can do, but in general terms if a person continues it is because they can improve and avoid what is greed and addiction, because for many this is boring and not very fun, but it is much better that things can be done that way.

No fully decentralized casinos are not only casinos on telegram. It concerns Web3 casinos where you can gamble without registering an account. Directly with your wallet through smart contracts. So they can operate on every blockchain using smart contract actually, especially on EVM-compatible blockchain usually and/or Layer 2 networks to remain fast and cheap, because all is done through blockchain or network transactions.

It is also because of the increasingly popular development of crypto that finally the crypto casino industry is also experiencing large growth.
I am also one of the non-crypto online gamblers who finally switched to crypto casinos. Apart from that, I also use crypto which can be staked. Another reason is that the asset control that I can do well in gambling keeps me from losing control in betting.
different from online casinos with fiat. I have had bad experiences with all of them. we know how easy online transactions are, with a device in hand everything can be done easily. Fiat casino gambling is very easy to use up all the money in our bank account.

Also, you can access crypto casinos every where in your country as long as it is accepted and you're allowed to.
Crypto gambling change the game of online gambling and seriously, many are into crypto gambling for the purpose of anonymity and they don't have to prove anything with regards to their accounts unlike in bank that you need to explain where you get the money and most of the banks online are not allowing deposits from a casinos.

Blockchain technology has become popular, like Internet technology, which was first introduced. It is possible that Blockchain technology will accompany our daily lives in the future. We have seen it happen in the gambling industry, where there are now many crypto casinos that provide facilities for people to use crypto to gamble.

Crypto casinos provide anonymous terms to gamblers so they don't have to reveal who they are when they gamble. Although in recent years, crypto casinos have asked their users to carry out KYC, that won't stop other crypto casinos from still providing anonymity facilities to their users.

When playing gambling, we also have to think that gambling is entertainment and not a place to make money. When we just want to gamble, we are just enjoying our free time, and casinos still allow us to gamble anonymously. What's interesting about using this crypto casino is that we can use various crypto coins provided by the crypto casino.

Thank you for at least putting a few pieces down for people to understand and appreciate cryptocurrency and its relationship with betting. But still, these are not without some faults, although it is obvious that you are trying to appraise the crypto-casinos but we should not misplace facts by doing so.

To avoid writing an epistle, let me take it one after the other but in a summary note;

1. KYC/Regulation: This was particularly true when crypto casino was newly introduced and it was even partly introduced for that purpose. But regulation has taken over now, so I do not see how this makes it better than fiat in this regard. And if you say that some casinos are still providing a no-KYC service, a few fiat casinos are doing that too. So what?

2. Casino Game Fairness: This is not unique as it is not peculiar to crypto casinos, fiat casinos are providing provably fair service as well.

2. Fast and Cheap Transactions: Well, this is a good remark and it is so true if it is a cross-border deposit we are looking at. But if it is a local casino we are dealing with, a local bank transfer is the fastest and cheapest and it's in fiat.

However, this is not to counter or antagonise you but just remarks to prove that those statements are not just unique to crypto-casino since fiat services can also do them.

Yoir right crypto has helped innovate thigns a little, not only has privacy been increased but problems of funding your account from anywhere in the world that crypto is not banned you can do that seamlessly and easily without having to worri about bank networks or all those headaches.

The concept is supposed to be what's mentioned above however there are still inconsistencies to be worked afterwards for this industry in general. First is with KYV wherein even in web 3 platforms, it is evident and I have nothing against it, personally. But of course those who prefers not to comply are also making valid actions simply because that is their preference. With faster and cheaper transaction fees, it is still hard to aappreciate at the present 'coz as we all know there are only times wherein this actually happens. But this is not to create negative impression on web 3 gambling industry. There are still room for improvement and that is what I am looking forward with. I still do cross from fiat based to web 3 and vice versa and I cannot see anything wrong with it.

Given how new this industry is, we cannot expect it to immediately meet our expectations early. What's more to focus with is you gambling habits and betting behavior to avoid addiction no matter what platform you are using.

Owed to complying with government's regulations, online crypto gambling needs to get their license in order to operate a legit business. Hence, they have no choice but implement the AML/KYC to their clients. However, in most casinos, they will only require you to submit KYC if you exceed their limit of accumulated deposit/withdrawal of $2k or 2k Eur. It depends on their license. This, I believe, we need to accept the fact that we are already in this age of regulation. We can't eradicate such protocol in order for them to survive in this business.

While it is unfortunate that cryptocurrency casinos are now more strict on the application of KYC policies, at the same time we cannot really blame them, to begin with they are being forced by governments to do so, and since this market has become quite big, now we are receiving more attention than ever, something that will only get worse as this market keeps growing and getting more powerful, however it is still sad to see that one of the main selling points of cryptocurrency casinos has disappeared already.

KYC restrictions, for instance. They're annoying, slowing things down and asking too many questions. Crypto is different. Privacy is something we all value. Remember fairness. Traditional casinos are known for their trickery. Crypto casinos put everything on the blockchain for everyone to see. Transparent, fair, and the future of gambling. Whether you're a pro or a beginner, try crypto gaming. It's a game-changer, and early investors benefit most. Fortune favors the adventurous, and crypto's new universe offers many options.

That's the life of the world and humans, in the past people gambled secretly or went to casinos to gamble, now with technology that has been created by super sophisticated humans, People no longer have to carry out activities like in the 90s, people just open their Android/laptop and connect to the internet. Everything can be accessed according to what you want.

I am sure that with the presence of technology like today, in the future online crypto casinos will implement the best innovations for their users, you can imagine the effect of current technology, Minors are smarter at gambling than adults, on the contrary, adults ask minors to teach them how to gamble, how to operate, this is a shame, I agree with current technological advances in the field of gambling, but the effects of misuse of this technology I feel sorry for society.

Technology is good, sometimes those who use it are not good. I hope that in the future the gambling industry will really implement KYC as fully as possible, meaning that this gambling industry will really set rules that are truly efficient for its users.

First of all, Even crypto casino now requires KYC but some casino just requires this indefinite time but they literally requires it which means you can’t really play anonymously due to their license compliance for AML.

Second, You should value your identity no matter what is your financial standing in life. Regardless if you are poor, Your identity is the only treasure you can treasure since it’s you. You might encounter in the future if ever your KYC landed on wrong person which use it on illegal activities. All the punishments will go to you since it’s your identity.

One of the great advantages of crypto casinos is that most operate in dollars, so if I'm from a country where the currency is weak, if I win bets at that casino, I'll be taking advantage of the ability to withdraw crypto based on the value of the dollar.

Certainly governments can't see a good branch emerging that it is eager to ruin a little, making the business less viable than before.

I believe that if bitcoin continues to be frequently congested due to bull run times, coins with transaction fees like LTC, Doge etc will become more prevalent in these casinos. I think this is cool, as the market is a self-regulating mechanism.

I don't think so, there are still certain restrictions for you to not do KYC but still be able to do gambling activities without having to do KYC. At Stake is one of them, I still don't do KYC but I can still gamble safely and my privacy is still maintained to this day.

In the beginning maybe we like crypto gambling because it's privacy and we can do gambling activities without being harassed by anyone, that's where I feel safe and maybe to this day, that's why I keep from not depositing more than the specified limit so that I still maintain my privacy, maybe when I use bigger money and my VIP level rises faster of course I have to do KYC too.

Telegram crypto casino? I've never heard of it, is it fun like using a website? especially the security that you yourself still doubt about the casino, maybe I personally will also be more doubtful than you, I can still use some web3 casinos that can still be said to be decentralized casinos or without doing KYC to play there, so what can be made by taking risks on a platform that many people still use.

And not only the gambling world, but it is true that this is one of the most obvious use cases for crypto. Rather than giving your bank details or your credit card info, if you hold a few sats you can send them seamlessly between wallets and services. If your info was leaked because any of these platforms/services was attacked, I think that you'd be less exposed to phishing and the like.

I personally don't really have a problem giving my identity to the casino platform that I play on, because it's just an identity and I'm not so rich or a powerful person that my identity has to be kept tightly hidden - as long as the casino platform protects my identity, then I won't object to performing KYC on their platform. My own reason for using a crypto casino is more about the ease of withdrawing and depositing into an account, because you only need to deposit to the address they provide or include your crypto wallet to withdraw, and all of that is processed quite quickly. There is no feature that users want more than fast and easy deposits or withdrawals.

Yes, it actually tried to provide the solution of privacy security, but things didn't go in that direction straight forward because this time around, online casinos are requesting KYC details, which are details that  accurately describe who the gambler is, just as you said. Another thing to note is the use of a centralized exchange to sell your crypto. For example, if you luckily gamble at a casino that doesn't request KYC, after you have withdrawn to a CEX, you will have to pass KYC on that exchange to be able to sell your coin. So, the privacy of an individual is still not too private. 

When Covid-19 attack to many countries, that will be the time for online gambling platforms takes their position to grow as many people can't go to anywhere easily. Many people gets lockdown because of the rules of their government and makes them doing many activities by online. The online casino sees that as an opportunity to promotes their sites in many sites as their developments grows and becomes popular among the people.

The lockdown that happens to many countries gives a big chance for online casino to invites many gamblers as those gamblers can't go to the local casino. They used online gambling to continue their gambling activity and that's why online casino become more popular and have many members. Even if online casino re-open their business now, online casino still takes its position and still have many members that visits that casino regularly.

Crypto and gambling are a perfect match due to the demand for privacy, transparency, and speed. Key benefits of crypto over traditional platforms include KYC regulations and provably fair games. The trend is further fueled by lower fees and faster transactions with cryptocurrency. Clearly, crypto gambling is here to stay and will likely transform the industry significantly. With more people adopting crypto and seeking safe gambling options, the future of crypto gambling looks promising. Anonymity, speed, and provable fairness are exactly what many gamblers desire. KYC requirements can be a hassle, but crypto gives players more control. Provably fair games are also a major advantage, eliminating any doubts about fairness. How traditional casinos gonna respond – adapt or fall behind,  just matter of time they have to match the requirements to stay alive in the industry. Crypto is revolutionizing the gambling world slowly.

Talking of the middleman, it is a true fact that crypto casino has completely eliminated his involvement in the transaction process in online gambling.

 But on the notion of fast and cheaper transactions I probably be sitting on the fence about that because I do make use of crypto casinos, and also with a couple of fiat/traditional gambling platforms  (I choose not to give a name) that are with fast and moderately cheap transaction just as crypto casinos. So If we're to deeply delve in on the issue of cheap transaction I don't think crypto casinos are really  winning in that aspect  in as much as mempool congestion issues are bound to perpetually happen.

The emergence of cryptocurrencies and the adoption of this technology by casinos and bookmakers has truly led to a small revolution in gambling. The same revolution was made at one time by the invention of live betting, that is, betting in real time, when you can place a bet after the start of the match. But not all casinos and betting organizations have yet abandoned CUS, and probably not all are going to refuse. And for the players this would be a big step forward on the path of progress. The next step would be to eliminate conflicts of interest when a player plays against a casino or bookmaker rather than against other players. But progress does not stand still. Sooner or later, most casinos, in my opinion, will be decentralized.

Gambling is an activity that is enjoyed by most people from various countries, when the COVID pandemic occurred, everyone was really restricted by the government from traveling, they just stayed at home without working and also doing whatever they could before do it freely.
Boredom and loneliness arise without any activities, those who were previously familiar with gambling started by entering online gambling on fiat or crypto basis and those who were not yet familiar with gambling were interested in joining because they saw several promotions on social media.
Beginning of the development of crypto gambling sites during the pandemic really increased significantly and several new names of gambling sites emerged that wanted to compete in business and generate large profits, but not many have been able to compete and survive until now.

But on the other hand, the development of crypto-based online gambling sites has also had many positive impacts on the cryptocurrency industry, especially for investors and traders because the adoption of various crypto tokens has also increased.

In the past, it's actually one of the best use case of Bitcoin when it was on its infancy. Although we can still say that it's sort of its late infancy nowadays but the casinos and the entire gambling industry that has adopted Bitcoin as their main currency did really helped the acceptance and adoption growth of Bitcoin consistently. And we have seen how the crypto casinos have contributed to the market a lot because they've helped with the demand for the use of Bitcoin.

They have actually provided all of the gamblers with an option and what had became best for us. What happened is because of Bitcoin's nature as a decentralized cryptocurrency, all of the crypto casinos before are decentralized. Not until that the governments have seen that they're missing with the profitability of these businesses and so they started to involve themselves and legalize it. Whether we like it or not, I guess that most of the casinos have seen this coming when they can no longer be ignored by the regulators with vast money they make.

Crypto gambling popularity has been increasing since its introduction on the very early years of Bitcoin due to its decentralized and anonymous nature. This way, many people who didn't have any means to gamble back then due to restrictions on their native countries by authorities found an alternative to gamble virtually without revealing their personal data. From that moment on, this industry just evolved more and more, as gamblers demanded user friendly platforms, without bureaucracy and surveillance by regulators who are always avid to tax money from winners.

It's true there is also the money laundering part which must be a reality in this industry, even though we don't know much about it publicly. I guess it's also a very important factor which has been boosting the popularity of crypto gambling along the years.

Right now, due to heavy regulations, I don't see lots of differences between crypto and traditional gambling anymore. The advantages I mentioned above are slowly disappearing as regulations become more present. Anonymity is already rare, taxes are already a reality and bureaucracy is also increasing. At least at the main casinos of the crypto industry that is how it works...

I also agree with this part, but it was not just online casinos but other online gambling platforms adoption raised to the highest level during the COVID time.

There were only a few popular casinos before the COVID-19, but during the lockdown data shows that there was mass adoption of the online casino and enough revenue that those casino operators gained from the gamblers, which needed other competitors to come to the game. With better offers and promotions, COVID was not a good thing, but still, there were a lot of people who turned that into a golden opportunity, and the casino operators were one of them.

It really depends though, but there are threads here in gambling wherein we are ask if we continue to used our precious crypto like BTC in gambling when we are in a bull run as it is very expensive and it might have crossed our mind to just HODL on it because there is a potential that it will grow more in the future.

I do agree that in the beginning, we haven't heard about KYC or sending our personal info because it is against the anonymity and privacy or using crypto. But it's a total different era now, casinos are "forcing" KYC to their customers, and we really don't like it at all.

I think one of the biggest advantages crypto casinos have over fiat casinos is the size of their audience, or rather the size of their users. I believe that with crypto casinos it is easier and more effective to have a large number of users from different locations without having some sort of currency barrier. This is because sometimes it's easier to just purchase a particular crypto currency via methods like P2P transactions than to swap seemlssly between two different fiat currencies. we obviously are in a digital era and therefore crypto has become so widely and vastly accepted and casinos making use of nice popular currencies is quite dynamic and allows more users from different regions to join.

The application of KYC to crypto-based gambling depends on how regulated each gambling in their region is.
Online casinos that are legal and get approved by the government require them to do KYC on each of their customers with predetermined rules.

For example, there is a maximum transaction, which is an indicator that every withdrawal that exceeds the maximum limit requires KYC verification.
It is needed to avoid money laundering crimes.

Strict regulations are imposed because they follow government regulations and if they (the casino) do not do, so then their license will be revoked and can be blocked.

True, and for me, I think it's a waste to use a crypto currency for gambling. I mean, there are a lot of crypto-based casinos out there, but is it okay for you to use your assets to stake in a crypto game? If yes, then I think you are just wasting your assets. I mean, for me, crypto currency is a valuable asset, and if you waste it by losing in gambling, then it will be a regret to me or it will be too painful. If you want to gamble, then use fiat currency. If the casino only accepts assets or crypto currency, then convert your fiat to that specific currency, but never use your hard-earned crypto currency just so you could play gambling and have a high chance of losing it. Especially if you will use bitcoin? Then what are you thinking? Losing a valuable asset just so you could entertain yourself?.

There were times though that Bitcoin and Ethereum transaction fees are so high that even casinos are complaining as well specially for some casinos that give free withdraws for their customers. So it was not an option to used this currency for crypto gambling. Nevertheless, it's back to it's lowest right now, at least it's in a manageable level.

Most  casinos adjusted though, by accepting more cryptos or altcoins, unlike before wherein it's pure Bitcoin and Ethereum only for deposits and withdrawals. So crypto is still evolving as of this time also the basics remains the same.

Crypto casinos requires the kyc as they all have to comply with government regulations also. Even though not all of them will ask upon registeration, a good number of them would require it when you are about to make a withdrawal of some certain amount. It's why you have to read through their terms and conditions before using any casino and it's usually adviced to go through the kyc precedure before playing just Incase you make a huge withdrawal, you won't be stress by kyc restrictions like we have seen in some situations. Crypto betting has brought about an advancement to gambling, where any one can gamble from anywhere on any casino of their choice with much stress. You also have a wide range of crypto to select and fund your Casio account.

Is KYC not mandatory on your gambling site? But regardless of that, you are a centralized gambling site. Which means you can force any customer to get verified at anytime.

Only foreign gambling site transactions can be slow. If it is local gambling sites, they have modern ways that banks and gambling sites makes transactions very fast like immediately. But you are not wrong about crypto gambling sites about this because their transactions are fast also.

One of the benefits of crypto casinos is that they can easily invade government influence and regulations. These casinos don't need a license to operate. But they just need it to show bettors that they a legitimate and operate under some form of control. They don't need to register in all the country they operate just like traditional casinos.

Before now, some casinos didn't care about KYC, but currently, the majority of these casinos demand personal information. Even if they don't ask for it during registration it will surely be a requirement during withdrawals..

Crypto gamblers are not really anonymous, especially if they require KYC. Gamblers can be easily traced in the Blockchain.

Other cryptocurrencies can be said to have cheap transactions fees. But the recent congestion of the mempool by ordinals has made Bitcoin transactions very high. With this traditional gambling platforms could be said to be cheaper.

We can all agree that this is what we all like too about crypto gambling. Aside privacy, crypto gambling provides the flexibility that our fiat doesn't. As someone who comes from a country where our financial system that is our debit cards cannot function for international payments or where withdrawal to fiat accounts will take forever to be processed to our local bank, using crypto in gambling in the hack to all of these. I have never heard anyone complain about any issues with crypto gambling like we encounter with fiat gambling.

Unfortunately, that is not the case anymore, in the beginning, it was just a deposit and withdrawal address, nothing more, nothing less. But when the government and financial watchdog started to look at crypto, everything has change. Now casinos will have to follow the mandated KYC as they might not get or secured a license if they don't implement KYC. And I think majority of here here knows that so it could be some are in favor or at least we don't have a choice to be honest. Another drawback could be that there are crypto base casinos that might be running a blatant scam sites in order to lure crypto gamblers and then not pay at all. A lot of drawback for us, but still, we've already learn how to adopt this changes already and embrace it.

The success of online gambling can not be complete without mentioning the role COVID-19 lockdown plays in forcing wider adoption of online casinos because their where the only available option when physical casinos was locked down because of COVID-19 social distancing laws, and also not forgetting to mentioned the greater role cryptocurrencies plays in making payments easy for both the platform and it players since financial institutions where locked and keyed during the lockdown.


This incident gave birth to the rising popularity of online cryptocurrency casinos and also making the privacy of gambler more greater than what it used to be, overall it a good development since Bitcoin/cryptocurrency users values privacy more than any other thing even while gambling.

It was the finance that was actually changed before internet gambling. If Paypal allowed its users to gamble, I think Paypal would have been used to fund the online casino accounts but they were just too tight with their rules. Here comes Bitcoin which changed its course which is why from the beginning, people thought Bitcoin was just an online gambling coin especially if they don't look into blockchain tech.

It was in the early days of crypto casinos that we had a high level of privacy because they don't require KYC before you can enjoy the games and withdraw your wins. But the government have shown so much interest on cryptocurrency and that has made them to regulate cryptocurrency casinos which make them to ask for KYC if they want to continue with their business.

Why I love it is that, is it an online thing and you can gamble from anywhere you are without moving from one place to another and that can be done quietly without anyone knowing that you are gambling. You can also gamble in various casinos from different part of the world to experience their games since it is done online.

What I like about crypto gambling is the privacy since we don't need to provide personal details like debit and credit cards payment do or even fiat. Crypto value our privacy as a bettor but the only thing here is that when we create accounts on gambling platforms I think that will always require KYC. Fully decentralized casinos are I think telegram casinos though I haven't tried one yet but some say it is risky as well.

Once in a great while, an innovative technology will emerge that changes the course of human history. In the late 1990s and early 2000s, the Internet was so powerful that it changed how the world communicated and worked.

Blockchain technology and cryptocurrencies can be a powerful change like the Internet. When it comes to crypto gambling, change is happening rapidly. Keep reading to understand the emergence of crypto gambling, why it came into existence and how it can continue to alter the sports betting and casino gaming industries.

The Intersection of Crypto and Casino
Crypto Gambling Provides What Bettors Seek
If gambling cryptocurrencies didn’t give sports bettors and casino gamers what they wanted, it wouldn’t exist. See below for the things that make crypto betting the choice among professional gamblers.

Crypto Betting Strikes Down Stringent KYC (Know Your Customer) Regulations
KYC regulations are rampant in the online sports betting the industry. The reason is that often when we play on a traditional online sportsbook we must fund our accounts via ACH or credit card.

All crypto transactions are recorded on blockchains. The transactions are there for everybody to see, but they don’t provide details regarding the transactions. This keeps gamblers anonymous for the most part. Anonymity and privacy are two things all casino and sports bettors crave.

Casino Game Fairness
Although it’s impossible for blockchain technology to help provide live sporting event fairness, if the ref blows a call, only replay can overturn it, blockchain tech does provide casino fairness. By fairness, we mean crypto casino games provide provably fair mechanisms. In other words, when casino players bet on crypto platforms, the players can prove that the outcomes are fair. This is untrue when we play on a traditional online casino platform.

Fast and Cheap Transactions
Cutting out the middle man, i.e., the credit card company, to fund our betting accounts allows for faster and cheaper transactions. Many crypto platforms, Nitrobetting.eu as an example, allow for diverse types of cryptocurrency funding.

BTC remains an option. But so does ETH, or Ethereum, and LTC, or Litecoin. Funding with Ethereum or Litecoin is much quicker due to both Ethereum’s and Litecoin’s consensus processes.

Read more→ https://nitrobetting.eu/guides/understanding-emergence-crypto-gambling/