National Economics, Gambling and Cryptocurrency: A Perfect Storm?

[sheld0n]

The gambling world is no stranger to disruption. Just as online platforms are pushing aside evocative, casino-based settings, they themselves are starting to face big change.

The threat – or the opportunity – comes from two trends, one cultural and one technological.

On the cultural side, we have the explosive growth of eSports, which now spans a range of online venues, genres and demographics. Analysts insist that the recent surge is a small foretaste of what is to come. There is even talk of them becoming a medal event at the Olympic Games.

From technology, we have blockchain. While gambling with cryptocurrencies has been around since the early days of bitcoin (and is expected to grow strongly as customers get more comfortable with the concept), an interesting twist appears to be emerging from platform tokens.

Combine these trends with national legislation and economic strategy, and you begin to see a fundamental shift that has the potential to transform a massive segment of the leisure economy.

And in the process, it could also give a big boost to the development of distributed ledgers and digital tokens.

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[michkima]

You should probably first move this to gambling discussions and not on the gambling section.

About the topic, I think this is indeed something to consider. I too believe that online gambling will be shifting to cryptocurrencies as it is a much better alternative to using other conventional methods such as cash or credit cards or other electronic monies. The technology involves a lot of factors that will be advantageous to online gambling.