What will be the next big industry move? - page 44.

KTChampions

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Quote from: Obito on January 01, 2022, 08:45:12 PM

Quote from: KTChampions on January 01, 2022, 07:03:51 PM

I doubt that casinos in the Metaverse will attract gamblers on an ongoing basis, the effect of novelty will pass very quickly, and I don't see any point in playing in the Metaverse. I think this is a mixture of pleasures. If I want an atmosphere of celebration and thrills, then I go to a real casino, if I want relaxed gambling, then I play on the computer, but I don’t know why I would go to play in the Metaverse.

We don't know until we try though, we may say that it's just a passing fad but when things get operational in the Metaverse, we might see something different. Only thing that I don't like about Metaverse is that it's owner is Meta which was formerly known as Facebook and we all know how censor heavy and how they meddled with politics in the recent years.

Sure. If I have the right equipment, I will try all possible options, including gambling. The Facebook Meta is complete nonsense, I will try to ignore this project. My hopes are connected with the fact that more interesting projects of the Metaverse from other developers will appear, and maybe even decentralized ones.

molsewid

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Quote from: mv1986 on January 01, 2022, 07:51:55 PM

I really think online gambling is becoming absolute nuts over the next five years or so. With virtual / augmented reality finding its way into everyday life more and more, I see people with their VR glasses joining a bike race so they can literally cheer on their favorite biker and so on. Or visit virtual soccer stadiums and what not. The potential is limitless I guess.

I am excited enough to watch and see what metaverse could bring us here in crypto platform. In the sense of virtual reality, making a different approach in our life with the use of modern technology, I am expecting to a bomb that this can offer to us. But in terms of gambling with the use of virtual reality I didn't think so how this would be implemented because I believe that gambling via online will still a big industry to move this year. So let's see the implementation of metaverse once it was working out.

xSkylarx

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Quote from: Obito on January 01, 2022, 08:45:12 PM

Quote from: KTChampions on January 01, 2022, 07:03:51 PM

I doubt that casinos in the Metaverse will attract gamblers on an ongoing basis, the effect of novelty will pass very quickly, and I don't see any point in playing in the Metaverse. I think this is a mixture of pleasures. If I want an atmosphere of celebration and thrills, then I go to a real casino, if I want relaxed gambling, then I play on the computer, but I don’t know why I would go to play in the Metaverse.

We don't know until we try though, we may say that it's just a passing fad but when things get operational in the Metaverse, we might see something different. Only thing that I don't like about Metaverse is that it's owner is Meta which was formerly known as Facebook and we all know how censor heavy and how they meddled with politics in the recent years.

agree that is really the problem but i am really amazed that there are still someone that really take care their privacy online because most people i know is they are saying that they are not really care with their personal information online on which that is really threatening in the world of cyber world. Metaverse is quite good but the owner is really the problem

Obito

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Quote from: KTChampions on January 01, 2022, 07:03:51 PM

I doubt that casinos in the Metaverse will attract gamblers on an ongoing basis, the effect of novelty will pass very quickly, and I don't see any point in playing in the Metaverse. I think this is a mixture of pleasures. If I want an atmosphere of celebration and thrills, then I go to a real casino, if I want relaxed gambling, then I play on the computer, but I don’t know why I would go to play in the Metaverse.

We don't know until we try though, we may say that it's just a passing fad but when things get operational in the Metaverse, we might see something different. Only thing that I don't like about Metaverse is that it's owner is Meta which was formerly known as Facebook and we all know how censor heavy and how they meddled with politics in the recent years.

mv1986

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

Let's dedicate a little time to see the last decade headlines on gambling and business (or rather the business of gambling):

https://medium.com/@visualmodo/online-gambling-history-18caa7ec7758

Some headlines:

- Online sports betting sites come to live in the middle of 90s. These have evolved massively (online poker did not even have graphics at first).

- Regulations on gambling are clarified and old laws reinterpreted

Quote

The Wire Act prohibits the electronic transmission of information for sports betting, but a 2002 ruling crucially ruled that “in plain language” it does not prohibit internet gambling on a game of chance

- In 2019, Disney generated around 55B. The gambling industry 59B.

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 really think online gambling is becoming absolute nuts over the next five years or so. With virtual / augmented reality finding its way into everyday life more and more, I see people with their VR glasses joining a bike race so they can literally cheer on their favorite biker and so on. Or visit virtual soccer stadiums and what not. The potential is limitless I guess.

KTChampions

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Quote from: batang_bitcoin on January 01, 2022, 06:33:44 PM

Metaverse that has casino inside the game will certainly be a big thing this year. We're going to see that there's that much interest for this feature if it's inside the metaverse.
People, the gamblers to be specific would definitely be happy to try it out since it's new to the market. We all want to be upgraded and get on the trend as long as it's viable and very promising.

I doubt that casinos in the Metaverse will attract gamblers on an ongoing basis, the effect of novelty will pass very quickly, and I don't see any point in playing in the Metaverse. I think this is a mixture of pleasures. If I want an atmosphere of celebration and thrills, then I go to a real casino, if I want relaxed gambling, then I play on the computer, but I don’t know why I would go to play in the Metaverse.

batang_bitcoin

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Quote from: coin-investor on January 01, 2022, 05:49:38 PM

The gambling industry is getting better every year, the introduction of Cryptocurrency in gambling makes things easy for online to be even more popular, and with the new innovation now like the virtual casino and metaverse it will take online gambling to a new height I expect many more casinos opening, launching an announcement here because the gambling industry is a multi-billion dollar industry,

Metaverse that has casino inside the game will certainly be a big thing this year. We're going to see that there's that much interest for this feature if it's inside the metaverse.
People, the gamblers to be specific would definitely be happy to try it out since it's new to the market. We all want to be upgraded and get on the trend as long as it's viable and very promising.

coin-investor

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Quote from: madnessteat on December 29, 2021, 09:47:18 AM

I think with the further development of blockchain technology and meta universes we will see more and more online casinos where AR/VR can be used and all bets in the game will be fully verifiable with smart contracts and Oracles. The idea is that this should attract even more people to gambling.

The gambling industry is getting better every year, the introduction of Cryptocurrency in gambling makes things easy for online to be even more popular, and with the new innovation now like the virtual casino and metaverse it will take online gambling to a new height I expect many more casinos opening, launching an announcement here because the gambling industry is a multi-billion dollar industry,

Oshosondy

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

- Regulations on gambling are clarified and old laws reinterpreted

Quote

The Wire Act prohibits the electronic transmission of information for sports betting, but a 2002 ruling crucially ruled that “in plain language” it does not prohibit internet gambling on a game of chance

Quite funny. Even no fear of advertising online gambling sites in a way even kids and children below 18 will be exposed to their ads. I couldn't believe there was once an opposite law about online gambling before.

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

- In 2019, Disney generated around 55B. The gambling industry 59B.

Even Disney data will be more accurate compared to the data from overall gambling industries, there will be some gambling sites that their data will not be among.

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

What is your personal bet on the next big events in the betting industry?

There is nothing much than the number of people that are gambling will increase.

bbc.reporter

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Quote from: virasog on December 30, 2021, 01:27:44 AM

Quote from: fortunecrypto on December 30, 2021, 12:44:49 AM

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

- In 2019, Disney generated around 55B. The gambling industry 59B.

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 read about metaverse and it will be integrated into gambling for real user's experience, maybe in the future every top online casino will have their own token, those who were into gambling and gaming will go back to playing cards, once this is integrated, the industry is very much alive and robust so many new online casinos coming up and big casinos are sponsoring big sporting events like MMA, Wrestling and boxing, soon the gambling industry will be one the biggest industry in the planet.

MetaVerse will really change the whole dynamics of gambling and it will be a new experience. We are already experiencing some metaverse games being developed in the market but not sure if the gambling industry had started thinking in this direction?
New casinos or old ones need to think on metaverse integration if they want to survive in the future.

Agreed and the casinos and sportsbooks in the cryptospace has the advantage of moving their roadmaps more easily to include and consolidate NFTs and Gamefi than their competitors in the traditional gambling industry. I speculate in 10 years, it might be the gambling websites in the cryptospace will be the biggest in the world.

Saisher

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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?

There's so much talk about virtual casinos and it's receiving positive feedbacks coming from the gambling community, gamblers and gamers are always on the look for something that will able them to feel the game and virtual is one of the things that will bring this experience, I'm sure more casinos are coming and more casino based token will be created after the success of BFG token.

ajochems

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Quote from: cabron on December 29, 2021, 08:46:46 AM

Its predetermined already that gambling might also be massive when metaverse is finally realized. The business will be booming once it happens, kind of more enjoyable when it's more realistic while we are just at home playing it. Pretty much this is really where the next big move of every big tech company today.

If engaging in online casinos or sports betting in metaverse equates to being an audience in the sports arena, it will be more like sci-fi movies such as Player one. Every casino online will probably develop to be part of the metaverse.

Many new companies get into gambling and casino industry. The reason is the huge profit in a short period.Some people not look whether it's authorised one.Instead they check only the profit percentage.It's essential one for their investment. Apart from loss, the look on the profit.Profit sounds greater than a loss all the time.

famososMuertos

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Quote from: xSkylarx on December 29, 2021, 11:17:09 PM

Quote from: famososMuertos on December 29, 2021, 01:29:56 PM

I believe that the growth in the gambling industry will continue in demand but in particular I have seen how many online casinos are growing regionally supporting the regulated Fiat Local currency.

Where each country requires kyc control where it is preferred and in fact only local players.

As well, I've noticed that previously, if we talk about gambling, there were only a few online gambling sites, but since the pandemic has struck, there are many more online gambling sites, which are evolving as people are unable to physically visit casinos anymore. If the gambling industry makes this kind of move, I believe it will have significant ramifications because it will allow them to evade taxes from their profit. However, because they can play whenever they want and from wherever they want, this move is also prone to causing addiction in all people.

Well there the matter many governments do not allow players from other countries there the regulation in which they can collect the respective taxes, the licenses are delivered conditional on that, only players with residence in the country, it is not something new by the way, countries like Spain for example they have made the casinos have access only to local players that has made them have to make exclusive casinos for these countries, if the market is worth it they have made the move.

johhnyUA

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

What is your personal bet on the next big events in the betting industry?

Gambling (the same as online gaming) has been boosted mostly thanks to Covid quarantines. I think that after vaccination and re-opening of airplanes we will see in one hand boost of offline casinos (compare to 2019) and some decreasing in online gambling. So, i think that everything will left the same. Maybe with a little growth.

Reid

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I watched one episode of Trevor Noah talking about the gambling industry in the USA 2020. It was said in the news that it grew exponentially and more states are accepting the gambling industry with open hands.
$6.8B worth of bets and that report was on 2020. How far could it be now when you add the boring life given by Covid-19 to the people.
New Yorkers who are not allowed to bet that time using an application which I will not mention will ride a train to New Jersey just to put their bets then back to their place. That's how far they would go for it.
I think they already made the next big move. Smartphone application to make it accessible to anyone.

michellee

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Quote from: Cling18 on December 30, 2021, 01:44:23 PM

As of now, there are still lots of countries that don't legalize gambling but as for me, more countries in the coming days would legalize it especially now that its positive effect of it on economic growth is really visible. Blockchain technology and gambling would continue to evolve because more people and even huge business industries are now recognizing cryptocurrency.

I agree with this as the new technology will invent inside crypto, impacting the gambling industry and gambling itself can evolve into a new thing. We already see VR technology and although it still needs to develop further, it will not stop but will grow more in the future. But whether if that is legalized or not, people will still come to the gambling industry because they still see that gambling can help them make money. If in their country gambling is prohibited, some of them will find out how to still play gambling.

Fatunad

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Quote from: Darker45 on December 30, 2021, 10:02:59 PM

Quote from: timerland on December 30, 2021, 01:52:36 AM

Quote from: Darker45 on December 29, 2021, 11:40:50 PM

I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

There are actually fiat casinos now that accepts bitcoin but of course there would be some conversions would really be needed on fiat basis for you to play but for those sole crypto gambling platforms which do accepts coins
then there wont really problems about big industry move then no one really knows on what would next but we are really heading there whether there would be integrations which is much more simplier
concept or would be totally hard.
Lets see on how things would go on this years to come which is always uncertain.

Darker45

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Quote from: timerland on December 30, 2021, 01:52:36 AM

Quote from: Darker45 on December 29, 2021, 11:40:50 PM

I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

lixer

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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 feel like decentralized gambling is a huge move in itself, I mean we can verify our bets now using the provably fair algorithm which is insane. Sometimes I feel that fiat casinos are missing a trick by not implementing these games because it brings more trust towards the casino. What stops the casino from cheating a player on slots? Nothing!

savetheFORUM

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Quote from: harizen on December 30, 2021, 06:11:13 AM

The fact that even we are now in post-pandemic effect or should I say, that the status is not the same as last year, online gambling still kicking. It means that even physical casinos are now open, people continue their gambling activity online.

To my personal point of view, online gambling will grow more as we can't expect yet a full virus-free world in the next 1-2 years.

Looking forward also on big E-Sports events related to blockchain games.

I agree and there are several advantages that a online gambling site has as compared to a real life local casino

- Ability to make smaller bets .. you cannot make penny bets in the real casino
- Customized perks .. which at least I hardly got playing in the local casinos
- Withdraw at will .. let's be honest how many of us actually win at a real casino? I don't think many of us because we would gamble it away on some game by time we are done

The only thing that's missing from online casinos is the authentic feeling you have in a real casino!

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