Will There Comes A Time That All Online Gambling Sites Are CryptoCurrency Based?

[Oceat]

Well, most of these online gambling sites are cryptocurrency-based and i think everyone is open to accept cryptocurrency for their gambling sites that's why i think there are no online gambling sites that are purely fiat-based only. But most of these gambling sites nowadays are not totally anonymous since there are gambling sites requires KYC first for you to be able to gamble.

[1715355529]

1715355529

[Icologies]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

it can happen but not in the near future, it definitely takes a lot of time. not all countries accept crypto.
if crypto is acceptable to all people, maybe online gambling based on crypto will be very fun for fans of crypto itself.

[Ryker1]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

it can happen but not in the near future, it definitely takes a lot of time. not all countries accept crypto.
if crypto is acceptable to all people, maybe online gambling based on crypto will be very fun for fans of crypto itself.

Well, so what do you think now that usually online gamblings do regarding using as a fund? I think they are all using crypto. Gambling enthusiasts are looking for crypto as a payment, they are afraid of using fiat because probably it has personal verification or something related like that. Indeed, from time to time it will happen that all gambling sites are using crypto as a form of cash.

[ahmadakbari]

Well, most of these online gambling sites are cryptocurrency-based and i think everyone is open to accept cryptocurrency for their gambling sites that's why i think there are no online gambling sites that are purely fiat-based only. But most of these gambling sites nowadays are not totally anonymous since there are gambling sites requires KYC first for you to be able to gamble.

Most of the gambling websites I know don't force customers to pass KYC. However we should wait and see how regulations will ne implemented.

Well, so what do you think now that usually online gamblings do regarding using as a fund? I think they are all using crypto. Gambling enthusiasts are looking for crypto as a payment, they are afraid of using fiat because probably it has personal verification or something related like that. Indeed, from time to time it will happen that all gambling sites are using crypto as a form of cash.

The reason of popularity of crpyto-based gambling website in not only anonymity. Pesoanlly I like their transparency. I can be sure that the games are fair.

[CryptopreneurBrainboss]

The chances of this coming into reality is very high although i won't want this to be the case. I don't want cryptocurrency to be associated with just gambling in general. If we conquer the gambling industry it might result to new projects, focusing their attention on just the gamble industry to profit from the hype which will result to the dominance and adoption of the currency to be one sided.

Beside, we need those fiat sportbook as competitors to bring about productive competition. Nothing wrong in hoping for this (all online sportbook to be crypto-based) but then it'll just make the industry boring. (my opinion).

[ahmadakbari]

The chances of this coming into reality is very high although i won't want this to be the case. I don't want cryptocurrency to be associated with just gambling in general.

More popularity of crypto-based gambling website doesn't lead to this. It causes cryptocurrencies to be more known by the people and to be used in other industries too.

Beside, we need those fiat sportbook as competitors to bring about productive competition. Nothing wrong in hoping for this (all online sportbook to be crypto-based) but then it'll just make the industry boring. (my opinion).

Gambling websites always have their users and they will continue to compete with each other even if all of them use cryptocurrencies.

[CryptopreneurBrainboss]

The chances of this coming into reality is very high although i won't want this to be the case. I don't want cryptocurrency to be associated with just gambling in general.

More popularity of crypto-based gambling website doesn't lead to this. It causes cryptocurrencies to be more known by the people and to be used in other industries too.

Which people are you referring to, aren't those people still gamblers?. Like I said, it only make cryptocurrency popular to gamblers understand my reasoning. Personally I would prefer other areas of the economy or our everyday life to be conquer by cryptocurrency instead of the gamble industry. We have the health, education or business sector that'll add move value to the usability of the currency if those sectors can be conquered.

Gambling websites always have their users and they will continue to compete with each other even if all of them use cryptocurrencies.

Sure but the competition won't be the same. The catch here is, the fiat based sportbooks would be promoting the advantage of gambling with fiats while the crypto based sportbook would be promoting the advantage of gambling with cryptocurrency, which will brings about productive competition and it's left for the customers to decide on what platform is best for their gambling experience.

The truth of the matter is, in as much as fiat based sportbooks aren't the best choices out there, they still have their advantages so does the crypto-based sportbooks have their disadvantages.

[Hypnosis00]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

it can happen but not in the near future, it definitely takes a lot of time. not all countries accept crypto.
if crypto is acceptable to all people, maybe online gambling based on crypto will be very fun for fans of crypto itself.

I consider this thing isn't fun, we are just adopting into the new technology where we can use crypto for gambling and leaving fiat behind. What makes this thing is to give us a great gambling experience which is too much far from using fiat. Is that makes gamblers have some excitement and definitely wants it in the future?

With all these possible changes in the gambling world, we might expect that some of us may take advantage of this. Transparency is very important and I don't know if KYC must be implemented by then or still leaving in anonymous.

[iMark]

That's likely going to happen, this fiat-based gambling sites will integrate cryptocurrency or they are going to lose more clients and of course, they want to cover more markets for their games, gambling is a multi-billion dollar industry just like porn and if Cryptocurrency dominated this market, there will be a lot of demands for Cryptocurrency.

Thats will definitely happen, if many gambling sites still use fiat as their currency, of course they will lose more and more players, because many player start to go with gambling sites that accept crypto as a gambling currency, because it is much safer and private for them. businesses like this will definitely use crypto as their currency.

[Bitinity]

I dont think so.......
Fiat based online gambling will still exist as fiat will never die imho. The only best possibility is that all those fiat based online gambling sites started to integrate crypto currency as one of the payment method as what has happened since few years back where I could see some fiat gambling sites started to accept bitcoin. The main problem is, those fiat based gambling sites will still use the old terms where all players are required to verify their account by submitting identity documents and maybe selfie photo.

[iamsheikhadil]

Definitely, there will be a time when not only casinos but every major payment processor would adapt crypto because of its safe, secure and anonymous character. It was crypto that brought me to gambling, and I can say, crypto has that charm to attract people. So, casinos surely know the psychological effect crypto can create

[MI6]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

I think for all will be impossible, we can see a lot of gambling sites already big and famous without crypto. And i think they wouldn't really care about adopt crypto as long they still have users. Maybe if all government banned gambling site and block it, and not allow people deposit with fiat, it can be possible to happen.

[noormcs5]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

Most of the gambling sites are already crypto based and people prefer to use crypto instead of fiat when playing online gambling. But some gambling sites do give the option of deposits through credit cards and they will continue to do so until fiat is fully eliminated.

[Ucy]

This could happen but it won't be that easy
I doubt government will like the idea of competing currencies used by citizens while they're outside of its control. I think government will first try to bring everything under its control.
If they ever allow it, it will probably be on well controlled gambling platforms or with government-owned cryptocurrency/token

[Ryker1]

This could happen but it won't be that easy
I doubt government will like the idea of competing currencies used by citizens while they're outside of its control. I think government will first try to bring everything under its control.
If they ever allow it, it will probably be on well controlled gambling platforms or with government-owned cryptocurrency/token

Well, if in your place cryptocurrency is allowed then probably it is also allowed to gamblers who used in it. The government did not care as long as it is allowed to use crypto and the company owner must pay task then they have a license to operate. Probably this is the fact that the majority(or all) gambling site was conveniently use crypto than fiat. Indeed, as what you have said that is not an easy but time will come it is really happening.

[Juggy777]

That's likely going to happen, this fiat-based gambling sites will integrate cryptocurrency or they are going to lose more clients and of course, they want to cover more markets for their games, gambling is a multi-billion dollar industry just like porn and if Cryptocurrency dominated this market, there will be a lot of demands for Cryptocurrency.

@fortunecrypto I don’t even remember any online fiat based casinos, because when I had searched a while ago all I found was crypto based casinos. Even if there’re any online fiat based casinos left sooner or later they’ll accept crypto’s because gamblers love to gamble with crypto’s more. Also do you’ll think that their local laws have stopped them from converting into crypto based casinos, if yes isn’t it possible for them to get a license in a crypto friendly country?.

[swogerino]

It will be extremely difficult as the majority of people who are gamblers are Fiat players and they don’t know bitcoin and cryptocurrency at all.

Beside that the banks will fight hard against crypto so the day when this might happen is a distant one and for now we should be happy with the gambling sites operating both in crypto and Fiat.

[Jating]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

Fiat based online games will still exist eventhough that crypto based online sites will boom in the next five years. And perhaps those fiat based games will not fold, on the contrary they might open their own crypto based games just to stay with the competition.

Just like we witnessed in the bank vs crypto today, banking system won't simply die because everyone is moving to crypto. And I still think that majority of fiat based players are not comfortable with crypto as well.

[Saisher]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

There's a big possibility that it's going to happen if you are a fiat gambler you will make a big shift once you tried to play the Cryptocurrency gambling, that's what the experience of one of my friend, he used to play in a fiat-based gambling site and make a big shift after he experienced playing in the Crypto based game.

[jake zyrus]

If cryptocurrency is widely accepted even by the government who legalizes online gambling across the world, then it is possible. And as for the players, if they really are into online gambling, at some point they'll eventually encounter crypto based. And it's a way to get to know about cryptocurrency. It still need mass adoption for it to be able to happen in the future.