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[Lucasgabd]

that is usually the rule, not the exception
having something like we had in el Salvador where Bukele had more than 70% of the votes is the exception.

Bukele fought against the gangsters in his country in a gutsy manner surprising so many people which is why he deserved getting so many votes.

I believe Trump will be elected again and has another four years as the USA. President. The world will become more chaos in next four years with unpredictable decisions from Trump.

Wrong. It's not that simple. Both Biden and Trump have close to 50-50 chances of winning the presidency currently which could change drastically during election time due to certain events. Think!

yes, I heard this about Bukele too
can we find websites that allow betting for smaller elections on other countries than the US?
I remember FTX had contracts for Brazilian presidency disupute in 2018.

definitely would be a good idea for duelbits to implement it, it can attract lots of new people.

[3kpk3]

can we find websites that allow betting for smaller elections on other countries than the US?
I remember FTX had contracts for Brazilian presidency disupute in 2018.

definitely would be a good idea for duelbits to implement it, it can attract lots of new people.

I guess some sites like futuur could provide such markets since they are known to provide all kinds of markets. It would definitely be a good idea for Duelbits to implement it since political betting attracts many punters from around the world.

I think they might provide a market for betting on Biden/Trump in the upcoming election considering how popular this event is.

[Lucasgabd]

can we find websites that allow betting for smaller elections on other countries than the US?
I remember FTX had contracts for Brazilian presidency disupute in 2018.

definitely would be a good idea for duelbits to implement it, it can attract lots of new people.

I guess some sites like futuur could provide such markets since they are known to provide all kinds of markets. It would definitely be a good idea for Duelbits to implement it since political betting attracts many punters from around the world.

I think they might provide a market for betting on Biden/Trump in the upcoming election considering how popular this event is.

yes, futuur does this kind of thing and there are also some other alternatives in the market like polymarket
I'm not sure what is the level of complexity to make it happen but maybe it's even less complex than sports betting where you have lots of odds changing all the time and way more risk for the house.
what do you think?

[ryzaadit]

-snip-

I bet all industry gambling already take a look on (Election-Betting)

If they really bring a good revenue into the gambling industry, in every casino they already provided these. I don't think political betting are quite getting interested by customer, because casino is also seeing the opportunity on customer demand.

Still e-sport and sport betting are their target.

[aylabadia05]

If they really bring a good revenue into the gambling industry, in every casino they already provided these. I don't think political betting are quite getting interested by customer, because casino is also seeing the opportunity on customer demand.

Providing political bets such as the American presidential election will be profitable for the gambling industry, but the interest among bettors in political betting will not be the same as interest in other types of betting outside of political betting. Then, this bet is only momentary and not sustainable.

Still e-sport and sport betting are their target.

These two bets have many fans and deserve to be targets other than slot gambling.

[Beparanf]

yes, futuur does this kind of thing and there are also some other alternatives in the market like polymarket
I'm not sure what is the level of complexity to make it happen but maybe it's even less complex than sports betting where you have lots of odds changing all the time and way more risk for the house.
what do you think?

Aside from Futuur and Polymarket. Fairlay(https://www.fairlay.com/) is one of the most popular website that offers election betting option and other miscellaneous bets. AFAIK they are one of the oldest casino that offers election bets since it’s established since 2013.

About complexity of politics betting. I agree that election is less complex because there is surveys available which can give you a glance on what will be the possible outcome of election if it happened on the survey date. The only wild card is when there’s cheating involved because this can overturn result unpredictably.

[piebeyb]

-snip-

I bet all industry gambling already take a look on (Election-Betting)

If they really bring a good revenue into the gambling industry, in every casino they already provided these. I don't think political betting are quite getting interested by customer, because casino is also seeing the opportunity on customer demand.

Still e-sport and sport betting are their target.

Yes, maybe it's just a handful of people with requests for election betting to be added to gambling sites. After all, not everyone likes politics and they're not from the United States so they don't know much about the political forces there. In reality, people prefer to gamble on e-sports and sports betting, but whatever it is, everyone always wants something new in gambling, not just e-sports betting and sports betting, for example election betting, there is even Oscar trophy betting.

In fact, I often see various kinds of bets like that on various sites so it seems like there are lots of opportunities that can be taken in every bet we play. It's just that I don't want to be careless in making bets that I don't understand or don't know the information about, sometimes people like to bet on various other bets and don't have a lot of information so betting only relies on luck, for example when betting on sports, we know which team is on. which team is strong and which team is weak so that we can analyze and others, it is different from betting such as elections, let alone the Oscars, that's just an addition for people who understand betting there, for those who don't know anything, it's best not to ever try it.  

[Lucasgabd]

If they really bring a good revenue into the gambling industry, in every casino they already provided these. I don't think political betting are quite getting interested by customer, because casino is also seeing the opportunity on customer demand.

Providing political bets such as the American presidential election will be profitable for the gambling industry, but the interest among bettors in political betting will not be the same as interest in other types of betting outside of political betting. Then, this bet is only momentary and not sustainable.

Still e-sport and sport betting are their target.

These two bets have many fans and deserve to be targets other than slot gambling.

I think there's a big overlay between bettors but you're right: event betting is specific, a bit different than sports betting and some people who like sports aren't interested in politics and all
having a wide range of options is probably the best idea for the house specially in this case where there's probably not a lot of extra costs involved in having one extra market.

curious to see what the future will bring.

[aylabadia05]

<snip>

I think there's a big overlay between bettors but you're right: event betting is specific, a bit different than sports betting and some people who like sports aren't interested in politics and all
having a wide range of options is probably the best idea for the house specially in this case where there's probably not a lot of extra costs involved in having one extra market.

curious to see what the future will bring.

But I support that many betting sites provide political betting because some are also interested in betting on presidential candidates who are predicted to win the election instead of betting offline.
For most online betting sites that support political betting, it can also be useful to survey how big the winning percentage is for several pairs of competing candidates.
It's a win-win. I think like that, even though it's just not sustainable like the betting we often do here.

[GxSTxV]

This was posted on Duelbits Telegram and X accounts :

Dear Duelbits Community,

In response to the recent posts, we wish to assure everyone that all Duelbits customer funds and accounts are safe and secure.

Our ETH hot wallet recently experienced a security breach, resulting in the unauthorized withdrawal of a small amount of our ETH reserve (~1700 ETH).  We have alerted law enforcement and are working hard to address the situation.

However, we want to reassure the Duelbits community that the security of user accounts has not been compromised and remains our highest priority.

Despite this unfortunate incident, all our services continue to operate smoothly and without interruption.

Funds are Safu 😉

It’s a very unfortunate incident for Duelbits facing such a loss, to me 1700 ETH is a very big sum and still a big loss for my favorite casino. The good thing is players are not touched and nobody is facing any losses or breaches towards their accounts or wallets.

However, these cases seems to be avoidable since we have witnessed many similar cases with different casinos and crypto services. Is there a problem with the wallets and withdrawal system or it’s the security system that has many breaches where hackers uses and can’t be avoidable in any case?

I’m glad to see that many users didn’t even notice this which means nothing really is effected but still the team cleared things quickly and are dealing with the hacker to recover those funds and in worse scenarios it’s just a small loss and a notice to secure things more not just for Duelbits but all other crypto casinos.

[3kpk3]

I'm not sure what is the level of complexity to make it happen but maybe it's even less complex than sports betting where you have lots of odds changing all the time and way more risk for the house.
what do you think?

I don't think it's less risky for the house though because these markets are also very unpredictable. For example, very few expected Trump to win against Clinton, but it happened and stunned many people.

I’m glad to see that many users didn’t even notice this which means nothing really is effected but still the team cleared things quickly and are dealing with the hacker to recover those funds and in worse scenarios it’s just a small loss and a notice to secure things more not just for Duelbits but all other crypto casinos.

This sort of stuff happens all the time with crypto gambling sites sadly which will probably never change thanks to endless hackers out there.

[Lucasgabd]

I'm not sure what is the level of complexity to make it happen but maybe it's even less complex than sports betting where you have lots of odds changing all the time and way more risk for the house.
what do you think?

I don't think it's less risky for the house though because these markets are also very unpredictable. For example, very few expected Trump to win against Clinton, but it happened and stunned many people.

the house has both sides of the bet, it's probably harder to extract value from a market like political betting than from soccer and other sports because with sports the odds and outcomes vary often and vary a lot.

This was posted on Duelbits Telegram and X accounts :

Dear Duelbits Community,

In response to the recent posts, we wish to assure everyone that all Duelbits customer funds and accounts are safe and secure.

Our ETH hot wallet recently experienced a security breach, resulting in the unauthorized withdrawal of a small amount of our ETH reserve (~1700 ETH).  We have alerted law enforcement and are working hard to address the situation.

However, we want to reassure the Duelbits community that the security of user accounts has not been compromised and remains our highest priority.

Despite this unfortunate incident, all our services continue to operate smoothly and without interruption.

Funds are Safu 😉

It’s a very unfortunate incident for Duelbits facing such a loss, to me 1700 ETH is a very big sum and still a big loss for my favorite casino. The good thing is players are not touched and nobody is facing any losses or breaches towards their accounts or wallets.

However, these cases seems to be avoidable since we have witnessed many similar cases with different casinos and crypto services. Is there a problem with the wallets and withdrawal system or it’s the security system that has many breaches where hackers uses and can’t be avoidable in any case?

I’m glad to see that many users didn’t even notice this which means nothing really is effected but still the team cleared things quickly and are dealing with the hacker to recover those funds and in worse scenarios it’s just a small loss and a notice to secure things more not just for Duelbits but all other crypto casinos.

for the general user 1700 eth could be more than they'll ever see in life but for a company it's not
they also published their new hot wallet
0x014435B1E39945CF4f5F0c3cbb5833195A95CC9B

a post-mortem would be good, knowing how the hot wallet was compromised if due to an attack or due to inside job

[Wapfika]

This was posted on Duelbits Telegram and X accounts :

Dear Duelbits Community,

In response to the recent posts, we wish to assure everyone that all Duelbits customer funds and accounts are safe and secure.

Our ETH hot wallet recently experienced a security breach, resulting in the unauthorized withdrawal of a small amount of our ETH reserve (~1700 ETH).  We have alerted law enforcement and are working hard to address the situation.

However, we want to reassure the Duelbits community that the security of user accounts has not been compromised and remains our highest priority.

Despite this unfortunate incident, all our services continue to operate smoothly and without interruption.

Funds are Safu 😉

It’s a very unfortunate incident for Duelbits facing such a loss, to me 1700 ETH is a very big sum and still a big loss for my favorite casino. The good thing is players are not touched and nobody is facing any losses or breaches towards their accounts or wallets.

However, these cases seems to be avoidable since we have witnessed many similar cases with different casinos and crypto services. Is there a problem with the wallets and withdrawal system or it’s the security system that has many breaches where hackers uses and can’t be avoidable in any case?

I’m glad to see that many users didn’t even notice this which means nothing really is effected but still the team cleared things quickly and are dealing with the hacker to recover those funds and in worse scenarios it’s just a small loss and a notice to secure things more not just for Duelbits but all other crypto casinos.

This level of transparency makes Duelbits more reputable than ever. As you already mention, players don’t notice this while Duelbits can just hide it to avoid panic to players yet they still decided to become transparent on the issue and assure everything is fine. Although that amount is huge but we all know that Duelbits usually provide larger than that amount on their giveaways which means they can easily recover it as long as there’s still a lot of players trusting the brand.

Honestly, we will never be informed about this issue if they didn’t make an announcement unlike what happened to Stake hack that was find out by 3rd party that’s why it’s spread like a wild fire on the social media.

[LUCKMCFLY]

This was posted on Duelbits Telegram and X accounts :

Dear Duelbits Community,

In response to the recent posts, we wish to assure everyone that all Duelbits customer funds and accounts are safe and secure.

Our ETH hot wallet recently experienced a security breach, resulting in the unauthorized withdrawal of a small amount of our ETH reserve (~1700 ETH).  We have alerted law enforcement and are working hard to address the situation.

However, we want to reassure the Duelbits community that the security of user accounts has not been compromised and remains our highest priority.

Despite this unfortunate incident, all our services continue to operate smoothly and without interruption.

Funds are Safu 😉

It’s a very unfortunate incident for Duelbits facing such a loss, to me 1700 ETH is a very big sum and still a big loss for my favorite casino. The good thing is players are not touched and nobody is facing any losses or breaches towards their accounts or wallets.

However, these cases seems to be avoidable since we have witnessed many similar cases with different casinos and crypto services. Is there a problem with the wallets and withdrawal system or it’s the security system that has many breaches where hackers uses and can’t be avoidable in any case?

I’m glad to see that many users didn’t even notice this which means nothing really is effected but still the team cleared things quickly and are dealing with the hacker to recover those funds and in worse scenarios it’s just a small loss and a notice to secure things more not just for Duelbits but all other crypto casinos.

This level of transparency makes Duelbits more reputable than ever. As you already mention, players don’t notice this while Duelbits can just hide it to avoid panic to players yet they still decided to become transparent on the issue and assure everything is fine. Although that amount is huge but we all know that Duelbits usually provide larger than that amount on their giveaways which means they can easily recover it as long as there’s still a lot of players trusting the brand.

Honestly, we will never be informed about this issue if they didn’t make an announcement unlike what happened to Stake hack that was find out by 3rd party that’s why it’s spread like a wild fire on the social media.

Well this is something that we cannot easily deduce, as long as we are seeing these types of cases and it is good that they release it to the community so that they can see that when you are in a very transparent casino things are very accurate in showing how What happened, obviously there are vulnerabilities in the places, that some do them to steal, which is not the right thing to do, but even so this casino did not close its doors or anything like that, they just took and told the information and that's it, too The authorities were able to alert them and let's see what they come up with, if the authorities are everything they have promised, then they can make sure that they return that money, a challenge because it will be a sign that the authorities and the government will not do anything even if we have our data In the casinos, that's how it is, however I find what happened very sad, because obtaining money fraudulently will never be a good thing, in fact the people who do this are condemned.

But the act of having participated seems very good to me, because we as clients, as players who sometimes go and approach the site because we need to know these types of things to be able to do things well and know more about which casinos to always trust , this is something we should see, well with respect to sstake.com it is always like that, they can turn everything into a gunshot, but even so the casio was very emphatic, they closed for a few hours and then they continued working What happened is that stake.com is a much larger casino with many more players and they had to protect people's funds very well, that is something we must understand, however they said, they declared about the theft and they put us on alert, this is something that should not be denied, they also participated in it.

As these casinos and as there are many exchanges, we must know very well that we are in an environment where this can happen and nothing is certain.

[Slow death]

I’m glad to see that many users didn’t even notice this which means nothing really is effected but still the team cleared things quickly and are dealing with the hacker to recover those funds and in worse scenarios it’s just a small loss and a notice to secure things more not just for Duelbits but all other crypto casinos.

This sort of stuff happens all the time with crypto gambling sites sadly which will probably never change thanks to endless hackers out there.

I always thought that exchanges were the preferred victims of hackers, this is because every 3 years I have always seen news about cases of hacker attacks with exchanges as targets, these are news published on many news channels, perhaps because I was just used to it I read news sites related to cryptocurrencies that only talked about cases of hackers who managed to steal money from exchanges, so I thought that these cases were not common in casinos, but today I see that I was very wrong. I hope that casinos are always very cautious when dealing with money so that they avoid being targets of these hackers who are unforgiving when they attack and show no regrets when they steal money

There are few cases in which these thieves are caught by the police, probably because it is very difficult to catch these thieves that they are more willing to continue with criminal activities carried out by them. the difference between casinos and exchanges is that casinos make a lot of money from customer losses and most casino customers are asking, so if a casino is targeted by hackers and money is stolen, I believe the casino will recover quickly , while in the case of exchanges, as they make money from fees charged on each purchase and sale, they take longer to recover and may not even recover.

[babygun]

Damn that really is a massive loss but good they assure that all funds are safe. If this would have happened to a newer and smaller casino they would probably go bankrupt because of the hack. Hopefully Duelbits can recover from it.

[Taskford]

This was posted on Duelbits Telegram and X accounts :

Dear Duelbits Community,

In response to the recent posts, we wish to assure everyone that all Duelbits customer funds and accounts are safe and secure.

Our ETH hot wallet recently experienced a security breach, resulting in the unauthorized withdrawal of a small amount of our ETH reserve (~1700 ETH).  We have alerted law enforcement and are working hard to address the situation.

However, we want to reassure the Duelbits community that the security of user accounts has not been compromised and remains our highest priority.

Despite this unfortunate incident, all our services continue to operate smoothly and without interruption.

Funds are Safu 😉

It’s a very unfortunate incident for Duelbits facing such a loss, to me 1700 ETH is a very big sum and still a big loss for my favorite casino. The good thing is players are not touched and nobody is facing any losses or breaches towards their accounts or wallets.

However, these cases seems to be avoidable since we have witnessed many similar cases with different casinos and crypto services. Is there a problem with the wallets and withdrawal system or it’s the security system that has many breaches where hackers uses and can’t be avoidable in any case?

I’m glad to see that many users didn’t even notice this which means nothing really is effected but still the team cleared things quickly and are dealing with the hacker to recover those funds and in worse scenarios it’s just a small loss and a notice to secure things more not just for Duelbits but all other crypto casinos.

I think they won't find out and avoid cases like this if there's no incident like this will happen that's why there are hackers can still penetrate even if we think the platform is safe. Hackers at the moment is so innovative and they always find ways to penetrate on the system.

But what good thing there Duelbits assured that there's no funds from costumer has been compromised and they make sure that they are fine so for sure gamblers now can get back on what they are doing. If this case happen to other casino then provably we can see them hurt so bad by the incident happened. Also if many users didn't notice it and they just know this news when duelbits post a information regarding on what happen it means that they are truly safe and Duelbits management are so transparent regarding on unfortunate event happen to them.

[Potato Chips]

Honestly, we will never be informed about this issue if they didn’t make an announcement unlike what happened to Stake hack that was find out by 3rd party that’s why it’s spread like a wild fire on the social media.

This case was actually posted by third parties--security firms-- too hence the "In response to the recent posts" by duelbits

First one seems to be Cyvers at Feb 13, 2024: https://twitter.com/CyversAlerts/status/1757478985561206945
Then CertiK several hours after: https://twitter.com/CertiKAlert/status/1757681640384381238

But unlike stake.com, duelbits did not halt their withdrawals even for a couple of hours so it did not create that much buzz. Also stuff like popularity, the hacked amount, reposts from popular media outlets/account played a part as well.

Maaaan, smooth operation with no interruption is seriously a huge plus PR wise lol since it saves your players from anxiety.

[piebeyb]

Damn that really is a massive loss but good they assure that all funds are safe. If this would have happened to a newer and smaller casino they would probably go bankrupt because of the hack. Hopefully Duelbits can recover from it.

Yes, fortunately Duelbits is a large casino so I think they still have enough funds for it and have confirmed that users' money is safe, at least that is convincing enough for all users, 1700 ETH with a value which is currently quite high for me but the Stake site is rumored much higher than this, even so all casinos will never feel safe and also that perfect because there may always be mistakes made unknowingly, I also don't want to know many of the problems but they have explained it to the public and its users that is good enough.

Small casinos may close because they go bankrupt without providing any information, most of them don't have enough money to replace lost user money so it's not surprising that new casinos often close in the end, I don't think it's just because of financial problems, but there are things that Others might miss out like this, but this can be a lesson to be better in the future, Duelbits will definitely anticipate this in the future so they don't miss out again. I hope problems like this don't reduce users' interest in trust.

[Viscore]

Honestly, we will never be informed about this issue if they didn’t make an announcement unlike what happened to Stake hack that was find out by 3rd party that’s why it’s spread like a wild fire on the social media.

This case was actually posted by third parties--security firms-- too hence the "In response to the recent posts" by duelbits

First one seems to be Cyvers at Feb 13, 2024: https://twitter.com/CyversAlerts/status/1757478985561206945
Then CertiK several hours after: https://twitter.com/CertiKAlert/status/1757681640384381238

But unlike stake.com, duelbits did not halt their withdrawals even for a couple of hours so it did not create that much buzz. Also stuff like popularity, the hacked amount, reposts from popular media outlets/account played a part as well.

Maaaan, smooth operation with no interruption is seriously a huge plus PR wise lol since it saves your players from anxiety.

We are talking about $4.6 million here, and they still continue their operation. That speaks to how liquid they are and how much they value their reputation. With this incident, I'm sure they'll improve their system, and gamblers' confidence will be boosted since they aren't disrupted by this hack. Letting us know is another way of being honest with its gamblers, but the good news is that no accounts were compromised, and business goes on as usual.