[2018-12-10]Cryptocurrency is Transforming the European Gambling Sector

[Vladdirescu87]

The European gambling sector accounts for nearly half of all gambling transaction online and has been growing year on year since the inception of the internet. New mobile technology made it possible to bring casinos games and sports betting to the masses which has completely changed the industry. Now cryptocurrencies are about to do the same and take gambling to the next level. In this article, I will talk about how crypto and the technology behind it is been used to transform one of the world’s oldest industries.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/european-gambling-sector/

[hatshepsut93]

I think this article exaggerates the benefits of decentralized casinos and doesn't speak about their risks. It also doesn't cover centralized cryptocurrency casinos, which is strange.

So, the problem with decentralized casinos is that they run on smart contracts, and smart contracts tend to be buggy. It's a way bigger risk for players than the risk of getting scammed by a decent centralized casino. Also, the profit model of 0% house edge isn't going to work in the long run. And let's not forget that all  these smart contract services require a good amount of scalability - otherwise users will have to pay a few dollars of network fees per bet.

[coinwizard_]

Forget casinos, take a look at wagerr which is already doing decentralised sports betting via their wallet. Get wagerr at crex24 and do some anonymous betting on your favourite events like football etc..