What will be the next big industry move? - page 39.

Mauser

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Quote from: paxmao on December 29, 2021, 08:27:08 AM

Gambling industry is on the move in the last years. Legalisation across Europe and USA has forged new empires, online gaming has received all the positive impacts from COVID confinements and it seems that is going to be plenty of consolidation in the future. What is your personal bet on the next big events in the betting industry?

I believe that the trend towards online betting and away from local bookmakers will continue. In my country there a lot small places where you can bet on sports games. This not efficient anymore, they all have to pay rent, pay employees and other fixed costs. Online betting will always have a cost advantage. So we should see more advertising and better promotions from the online industry.
And the next big thing in my opinion will be more live betting for a large number of sports. Due to covid the stadiums are still empty, most of us can only watch their favourite sport from the couch at home. That's why live betting during matches becomes much more interesting.

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Quote from: AmoreJaz on January 09, 2022, 06:31:27 PM

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

The majority still use fiat for online gambling and physical casinos but online crypto casino campaign in various sports competitions allow crypto casinos to grow even more in the next few years. People need time to switch to using a new currency in gambling while they also need to know what crypto is before they actually know how to use it.

Although currently the growth of crypto gamblers in online casinos is good but basically not big enough compared to the use of fiat in gambling. This is a time of transition from fiat to crypto, gamblers and governments may be preparing to accept and regulate taxes.

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Quote from: bbc.reporter on January 10, 2022, 12:19:03 AM

Another next big industry move besides my speculation of the possbility of incorporation of NFTs and the metaverse by the gambling services in the cryptospace is the adoption of algorithmic stablecoins as their main currency. Stablecoins like Terra’s UST.

Similar to the argument that stablecoins brought the Defi boom and NFT boom as mentioned in this article, it might also bring an opportunity for cryptogambling services to boom.

This is not wrong but you should not specify it, it is general, all other coins which are commonly used on gambling sites will follow.

Quote from: Gosgosking on January 10, 2022, 02:17:27 AM

The gambling is a big industry that is growing bigger everyday despite the covid-19 challenge we are facing which is affecting so many organisations. But gambling industries is still on doing their business. The gambling industry is one of the fastest growing industry.

I remembered a time in 2020 when almost all gamble site I was accessing that was working, many closed down temporary. Also the sites I am using for checking scored all closed down temporary at that time, it was a boring time for me. I was unable to make much predictions at that time. But you do not totally wrong, when a countries that were under lockdown become active back, gambling industries boom again most and it is true that gambling companies are growing very well.

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The gambling is a big industry that is growing bigger everyday despite the covid-19 challenge we are facing which is affecting so many organisations. But gambling industries is still on doing their business. The gambling industry is one of the fastest growing industry.

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Another next big industry move besides my speculation of the possbility of incorporation of NFTs and the metaverse by the gambling services in the cryptospace is the adoption of algorithmic stablecoins as their main currency. Stablecoins like Terra’s UST.

Similar to the argument that stablecoins brought the Defi boom and NFT boom as mentioned in this article, it might also bring an opportunity for cryptogambling services to boom.

An algorithmic stablecoin is one that can keep its peg using only software and rules. If one ever works, it could scale infinitely, to whatever size an economy needs.

"To create USDC you need USD in the bank, and that works well if you're just starting out," Tan said. "What comes after, it's the right kind of monetary policy that allows stability and low volatility to allow people to trade ... if we can do that with math and we can do that with monetary policy, that's more efficient."

Without stablecoins, there would have been no decentralized finance (DeFi) booms, which means there probably would have also been no non-fungible token (NFT) boom. Stablecoins have been table stakes for what the industry has achieved so far.

Source https://www.coindesk.com/tech/2021/07/06/the-quest-for-a-truly-decentralized-stablecoin/

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Quote from: goldkingcoiner on January 09, 2022, 09:34:56 PM

Quote from: AmoreJaz on January 09, 2022, 06:31:27 PM

Quote from: goldkingcoiner on January 08, 2022, 05:31:38 PM

Quote from: AicecreaME on January 07, 2022, 10:31:44 AM

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

Well by some of what you are saying I can understand the meaning behind it but I will have to quietly shake my head at your assumption that the governments do not have sufficient laws on the taxation of crypto online gambling. The tax laws regarding this is quite clear, because the government very strictly and hastely introduces tax laws, as not to miss out on profits. I think you were thinking of regulation, rather than taxation.

Agree, they are fast and as long as they see that you are earning money out of it, they will then declare that you should be paying taxes. The best example was when you were earning money from NFT games. We knew that the government had not established a law about it and that you should pay a tax. But after a few months, the government took over and started tracking those players and should pay taxes according to their income. The government is really fast when it comes to money.

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Quote from: AmoreJaz on January 09, 2022, 06:31:27 PM

Quote from: goldkingcoiner on January 08, 2022, 05:31:38 PM

Quote from: AicecreaME on January 07, 2022, 10:31:44 AM

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

Well by some of what you are saying I can understand the meaning behind it but I will have to quietly shake my head at your assumption that the governments do not have sufficient laws on the taxation of crypto online gambling. The tax laws regarding this is quite clear, because the government very strictly and hastely introduces tax laws, as not to miss out on profits. I think you were thinking of regulation, rather than taxation.

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Quote from: AmoreJaz on January 09, 2022, 06:31:27 PM

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

I also believe that many bettors come from traditional fiat bookmakers, and cryptocurrencies are one more "hurdle" when trying to withdraw winnings from the bookmaker.
But I do believe that the trend is for cryptos to take up more and more space... I believe that the use of smart contracts and decentralized betting starts to gain more space in a short space of time.

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Quote from: goldkingcoiner on January 08, 2022, 05:31:38 PM

Quote from: AicecreaME on January 07, 2022, 10:31:44 AM

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

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Quote from: goldkingcoiner on January 08, 2022, 05:31:38 PM

Quote from: AicecreaME on January 07, 2022, 10:31:44 AM

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

An electronic payment system is the end game that more and more governments will now be aiming for surely. Take China as the craziest example and how quickly and massively they are setting up their payment infrastructure and what sorts of punishments they use for people who are not using Alipay or WeChat pay. In how far cryptocurrency can play a role if most governments really decided to prevent it from circulating, hard to tell.

https://www.bloomberg.com/news/articles/2021-09-23/china-s-casino-crackdown-part-of-bigger-quest-to-transform-macau

If Casinos are "incentivized" (in whatever way) to accept one currency over another, they will most likely do so. If they get punished extremely hard for accepting cryptocurrencies, they won't do it.

I guess we'll have to wait and see how things pan out over the next couple of years.

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Quote from: AicecreaME on January 07, 2022, 10:31:44 AM

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

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Quote from: DoublerHunter on January 08, 2022, 04:48:52 PM

Definitely right, as a matter of fact, this innovation of internet communication is not for gambling only, there are too many usages using VR to look to be true using virtual reality gadgets. The Internet now is a part of the major necessities of the people, so I did not wonder it belongs to the innovation that people should be adopted. I love poker games which is very suitable if we can apply VR into it, it seems in reality that you have something to talk about in one room playing with other players. I think this is the next move that the most anticipated.

On the one hand I like the way technology is developing, but on the other hand it scares me what it may eventually lead to. Many people are so caught up in the Internet that their real life has become so boring that they prefer to spend most of their free time online and frankly I think this is not the right way to develop humanity. Although on the other hand, each of us has the right to choose what to do.

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Quote from: DoublerHunter on January 08, 2022, 04:48:52 PM

Quote from: madnessteat on January 08, 2022, 01:48:40 PM

Quote from: Lucasgabd on January 08, 2022, 10:08:00 AM

^

I have no doubt that the development of cryptocurrencies and technologies such as the Internet and VR will give people a whole new level of entertainment. Naturally, they will be based on the usual entertainment, but in any case, they can bring a completely new experience for each person. Not all innovations will stay with us for many years, but it is one more step in perfection of online communication and entertainment.

^ Definitely right, as a matter of fact, this innovation of internet communication is not for gambling only, there are too many usages using VR to look to be true using virtual reality gadgets. The Internet now is a part of the major necessities of the people, so I did not wonder it belongs to the innovation that people should be adopted. I love poker games which is very suitable if we can apply VR into it, it seems in reality that you have something to talk about in one room playing with other players. I think this is the next move that the most anticipated.

Any changes would really be much appreciated and we know that innovation is something that in progress as we do go ahead in future years which these changes or
innovations could possibly happen even though it is somewhat on the hard or near impossible part but since VR is already here or slowly developing then it wouldnt
be surprising if one day these things would be applied into various industries which isnt only limited on gambling industry but also in other applications as well.

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Quote from: madnessteat on January 08, 2022, 01:48:40 PM

Quote from: Lucasgabd on January 08, 2022, 10:08:00 AM

^

I have no doubt that the development of cryptocurrencies and technologies such as the Internet and VR will give people a whole new level of entertainment. Naturally, they will be based on the usual entertainment, but in any case, they can bring a completely new experience for each person. Not all innovations will stay with us for many years, but it is one more step in perfection of online communication and entertainment.

^ Definitely right, as a matter of fact, this innovation of internet communication is not for gambling only, there are too many usages using VR to look to be true using virtual reality gadgets. The Internet now is a part of the major necessities of the people, so I did not wonder it belongs to the innovation that people should be adopted. I love poker games which is very suitable if we can apply VR into it, it seems in reality that you have something to talk about in one room playing with other players. I think this is the next move that the most anticipated.

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Quote from: Lucasgabd on January 08, 2022, 10:08:00 AM

Quote from: iv4n on January 07, 2022, 01:07:21 PM

Quote from: Lucasgabd on January 07, 2022, 10:48:16 AM

<...>

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

yes, it'll grow a lot

for games it's much harder to predict because the industry changes so fast
but I think the trend of play and earn will keep growing too and web 3.0 will be much more present for games
we'll see

I'm personally a very firm believer in Web3.0 and its ability to disrupt the casino industry.

I think that key players will either have to adapt to this new format of decentralized, immersive gaming, or face elimination from new competition.

We're already seeing live casino games take over from the traditional dice or blackjack games. But right now they are hosted by centralized third parties which make it impossible to ensure fairness apart from trusting the regulators - and using Web3.0 technologies we can both have great immersion and fairness.

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Quote from: btc78 on January 07, 2022, 02:33:17 AM

Online casino Boomed more because of Pandemic , people tend to gamble daily has no choice but to play thru online and now they love paying it.
But we do not know what will change once the Corona Virus totally died if the Reality gamblers will return in their seats inside casino houses, or will remain in their Houses and plays using crypto.
But yes VR is a innovation of gambling business strategy and we knew that gamblers always tend to find new experience so indeed this VR gaming will soon boom .

Doubt it.

The whole idea of VR/metaverse gaming has been overhyped in my opinion.

The real innovation is going to come from mostly centralized sources and they are not going to be decentralized just because of how prohibitively high the fees are right now to make transactions on most blockchains.

Plus, do you really think that gamblers have the patience to set up their own wallet etc. and wait for transaction confirmations each time just to play?

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Quote from: Lucasgabd on January 08, 2022, 10:08:00 AM

^

I have no doubt that the development of cryptocurrencies and technologies such as the Internet and VR will give people a whole new level of entertainment. Naturally, they will be based on the usual entertainment, but in any case, they can bring a completely new experience for each person. Not all innovations will stay with us for many years, but it is one more step in perfection of online communication and entertainment.

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Quote from: iv4n on January 07, 2022, 01:07:21 PM

Quote from: Lucasgabd on January 07, 2022, 10:48:16 AM

<...>

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

yes, it'll grow a lot

for games it's much harder to predict because the industry changes so fast
but I think the trend of play and earn will keep growing too and web 3.0 will be much more present for games
we'll see

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Quote from: Wexnident on January 08, 2022, 12:39:16 AM

Why not both? Honestly, I don't think online would die out even if the lockdown experience was to be completely removed. It just opened up a whole new idea for most players that they can well, gamble in their homes. Same could be said with offline, even if online exists I hardly doubt it would actually die out, they both have their own characteristics and both would have their own niche market. VR, if it is actually implemented properly, would take both characteristics into one, though that's still far off imo since replicating all senses in VR would still take time.

Both online and offline look like a booming business right now. However you'd think that, especially with the Covid situation, it has proved that many more people are able to work from home. That brings up a lot of opportunities for online businesses to capture new customers. On a different note, I expect we'll start to see a lot more electric-driven sports going on in future, which will feed into sports books. Eventually the combustion engine will be a thing of the past, it's going to be quiet eery watching E1 racing in near silence. I expect we'll also start to see more drone driven experiences, there are already competitions going on involving all kinds of drone racing and they will capture bigger audiences in future - it is a highly skilled game.

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Quote from: btc78 on January 07, 2022, 02:33:17 AM

Online casino Boomed more because of Pandemic , people tend to gamble daily has no choice but to play thru online and now they love paying it.
But we do not know what will change once the Corona Virus totally died if the Reality gamblers will return in their seats inside casino houses, or will remain in their Houses and plays using crypto.
But yes VR is a innovation of gambling business strategy and we knew that gamblers always tend to find new experience so indeed this VR gaming will soon boom .

Why not both? Honestly, I don't think online would die out even if the lockdown experience was to be completely removed. It just opened up a whole new idea for most players that they can well, gamble in their homes. Same could be said with offline, even if online exists I hardly doubt it would actually die out, they both have their own characteristics and both would have their own niche market. VR, if it is actually implemented properly, would take both characteristics into one, though that's still far off imo since replicating all senses in VR would still take time.

Topic: What will be the next big industry move? - page 39. (Read 4730 times)