First decentralized Gambling Platform?

[cabron]

Well, I see the launchment of BetDex decentralized casino is scheduled for 2022, but there is also XFUN (decentralized) Casino, from the same developers of FreeBitco.in, which is scheduled to be launched by the end of this year, featuring fully decentralized peer to peer sportsbook, casino games, social games and financial trading games.

There is going to be a lot of competition on this field and the most prepared, innovative and generous casino will prevail, for sure. However, if this category of casino is going to overcome the traditional ones that is another story which only time can tell.

They are not just very innovative these days but they also have funds, it's amazing to see they didn't even do an ICO. This is a race to more adoption to the decentralized platforms in many fields in crypto such as gambling and exchanges. If they have funds, they can engage in marketing also to compete with the centralized casinos which will really make all these fun. Maybe we will really see which will be preferred by users.

[tulusikhlas]

The decentralized gambling platform on top of the Solana network is indeed quite eye-catching. This innovation may create new breakthroughs but I don't fully understand how they operate the gambling site that they will build early next year. Regardless of the innovation, in the future there will probably be more gambling that will follow the innovation much more optimally. It only takes good achievement and good judgment when gambling built on blockchain can make something different.

[Wexnident]

Interesting, it's something that could definitely pique interest but could also cause a pretty big backlash imo since it is one of the first to do so. I do want to see how they're going to implement a decentralized platform though, and how it's going to generally affect the experience of its users since if it doesn't really make that much change, it'd probably just die down and well, be a normal gambling platform that most know, even with its label containing the word "decentralized". Hope for the best for them though.

[molsewid]

The decentralized gambling platform on top of the Solana network is indeed quite eye-catching. This innovation may create new breakthroughs but I don't fully understand how they operate the gambling site that they will build early next year. Regardless of the innovation, in the future there will probably be more gambling that will follow the innovation much more optimally. It only takes good achievement and good judgment when gambling built on blockchain can make something different.

From the word "First decentralized gambling platform" I am personally amaze how these people had come up the idea of implementing it the earlier next year because I do think that implementing it may take a quite a long while, I didn't know how this might work but I find it interesting and exciting as a gambler. However, what's most eye-catching in the information that was shared was the project is built on top of Solana, this may not be gambling related but I think this will be a big breakthrough for Solana blockchain.

[Obito]

With all these crypto gambling websites in our hands, I think that this isn't a big deal any longer, I mean what new could they offer in this established sector of cryptospace? If it's not that impactful, I think that we're going to see anything new or revolutionary. I might even go on extreme to say that this is just another kind of gambling platform no more, no less.

[kotajikikox]

With all these crypto gambling websites in our hands, I think that this isn't a big deal any longer, I mean what new could they offer in this established sector of cryptospace? If it's not that impactful, I think that we're going to see anything new or revolutionary. I might even go on extreme to say that this is just another kind of gambling platform no more, no less.

agreeing here , Gambling sites/flatform coming here and there almost everyday (Specially this end quarter) they are offering the same while others gives different .

What we must understand here is in the end of the day this is still gambling and what they are offering is Losing money more than earning , so dealing with this is very risky no matter what, either centralized or Decentralized .

[Kakmakr]

The whole idea behind "decentralized" platforms is ...

1. Increased security ( A centralized platform is a easy target for DDoS attacks and hacks)
2. Freedom - Governments cannot take it down easily.
3. No Centralized control (A corrupt entity cannot influence decisions)

So is this "decentralized gaming platform" really decentralized if the owners are known and also the location of their operation? Can they be taken down? (yes) ...are they really free? (no)  

[Jackl87]

I recently came across this news where BetDEX apparently made a public statement about how they would be launching *world's first decentralized Gambling Platform*

What do you think the whole hype is about, how would they be any different from the already existing gambling platforms working with Bitcoins and other cryptocurrencies?

Gambling as a whole and especially online gambling are booming quite a bit since some time now and they got another massive push with the covid pandemic because people simply need something to do. So it is no big surprise, that we see a lot of new casinos coming up that try to get a piece of that big cake.
The claim of being the first decentralized casinos does not sound bad in times where cryptos are also pretty big in the media, but as a User you will not notice if the casino is decentralized or not.

[mu_enrico]

I think it's another DEX softscam, as it is still centralized. You know the casino needs license and stuff, or they'll get deleted by the regulator, especially if they take bets from US citizens. But that's when the casino gets big enough (just like Binance's case). Well, at least if it uses smart contracts, we can be certain that the winnings will be paid (no withdrawal problem), assumed if it won't get hacked tho

At the end, it depends on the promotion, bonus, etc., since why would we want to play there if there are already many freebies in our regular casinos.

[Peanutswar]

I guess with this kind of idea decentralized is with the security because it becomes more transparent, just wondering this is the first time i saw a decentralized platform so who will the one responsible for managing the problem of the users and different updates of the platform?. Do they hire customer support or just an automatically transaction and fix that problem by the users?.

[aysg76]

They got a good backing there by FTX and Paradigm and they get a good amount of funding and I wonder how they would be built differently this time around. Been quite on some decentralized gambling especially on the Tron blockchain and it's pretty cool seeing such platform and the low fees but it isn't really the same as other centralized platform, one issue is the lack of players/gamblers sometimes and the low of liquidity.

FTX is now becoming leading crypto exchange sponsor in most of the areas and i think SBF and team are working on the progress of the company and to promote it as marketing technique as they have also partnered with some teams and channels as sponsor which is good move on their part and soon we could see they coming up with more of such plans.

[AicecreaME]

I recently came across this news where BetDEX apparently made a public statement about how they would be launching *world's first decentralized Gambling Platform*

Few things to note:
Integrating sports betting with blockchain technology.
They are going to launch it in early 2022.
This would be based in Scotland.

A quote from the article:

The trio will offer a fully decentralised protocol built on the public blockchain, Solana, providing customers with fast and low-cost trades. It will allow third parties to build their own innovations and applications on top of the platform

-They are even allowing third parties to build innovations and applications on the top of the platform.

**It's largest ever seeded investment by any uk startup**

Source: https://www.gamblinginsider.com/news/13914/betdex-raise-21m-to-launch-first-decentralised-betting-platform

What do you think the whole hype is about, how would they be any different from the already existing gambling platforms working with Bitcoins and other cryptocurrencies?

Sports betting is much popular than the crypto gambling sites that we know. A decentralized sports betting would be revolutionary and a lot of people would instantly adopt it especially those cryptocurrency enthusiast. Betting in such platform with the latest blockchain technology surely assures the player for its anonymity (of course if they'll require KYC verification then they are the only ones who'll know you) but if the concern is a certain player will know your information, I think that's almost impossible.

[michellee]

I wonder what will happen to them if, somehow, they become popular in 2022 and get attention from many people and, of course, the government. That can make the government wants to involve to take taxes from them and once the government interfere with the tax, their decentralized gambling platform name can change to a centralized gambling platform like the other gambling sites.

They can become a new trend in the gambling industry, especially if their project can succeed in the next year as there will be a change in the trend of the gambling industry. So maybe we can wait for the next update from them and see what will happen to their project and hopefully, the government will not interfere too deep in the sites.

[blockman]

Not the first one, there have been other decentralized gambling platforms before but I guess none or just a few of them took a success.

I wonder what will happen to them if, somehow, they become popular in 2022 and get attention from many people and, of course, the government. That can make the government wants to involve to take taxes from them and once the government interfere with the tax, their decentralized gambling platform name can change to a centralized gambling platform like the other gambling sites.

It's highly unlikely that the government can tax these decentralized gambling platforms. Just as they can't tax the dexes, so they can't also chase these platforms since it's decentralized.

[bitterguy28]

At the end, it depends on the promotion, bonus, etc., since why would we want to play there if there are already many freebies in our regular casinos.

and THIS>>>

if we had already trusted and favorite gambling sites then why need to find another even if this offers decentralization ?
it is just another gambling site for me in the end of everything so I may stay in those sites that i normally played in which never taste any issue from Day 1.


Anyway everyone is welcome to create their platform in this field , but what makes it different? for me its none .

[smyslov]

I've never experienced playing in decentralized gambling they cannot claim to be the first one because according to posts of members here there are already decentralized gambling in the past and existing, they are going to launch it next year, they have a huge fund and they have the capability based on their credentials, let's see next year if this is going to compete with popular centralized gambling sites like FortuneJack, Stake and Betfury, and what the benefits and it's edge over centralized gambling platform.

[Cling18]

I've never experienced playing in decentralized gambling they cannot claim to be the first one because according to posts of members here there are already decentralized gambling in the past and existing, they are going to launch it next year, they have a huge fund and they have the capability based on their credentials, let's see next year if this is going to compete with popular centralized gambling sites like FortuneJack, Stake and Betfury, and what the benefits and it's an edge over centralized gambling platform.

I also find it risky but I would love to try especially if they would gain the trust of most users by showing their credibility to build a trusted decentralized gambling platform. The competition is really strong but if they would showcase their capability just like what trusted platforms did, it won't be too hard for them to handle a decentralized gambling site. Most players also want to try something new these days.

[aioc]

The decentralized gambling platform on top of the Solana network is indeed quite eye-catching. This innovation may create new breakthroughs but I don't fully understand how they operate the gambling site that they will build early next year. Regardless of the innovation, in the future there will probably be more gambling that will follow the innovation much more optimally. It only takes good achievement and good judgment when gambling built on blockchain can make something different.

We'll have to see it first, test it and compare it to centralize gambling platform, we have seen the adoption of decentralized exchanges, let's see similar scenario will happen, so far centralized gambling platforms are leading the way in Cryptocurrency gambling, it's the one supported and adopted, we'll know if there's a disruption in the gambling industry if these decentralized gamblings roll-up.

[michellee]

Not the first one, there have been other decentralized gambling platforms before but I guess none or just a few of them took a success.

I wonder what will happen to them if, somehow, they become popular in 2022 and get attention from many people and, of course, the government. That can make the government wants to involve to take taxes from them and once the government interfere with the tax, their decentralized gambling platform name can change to a centralized gambling platform like the other gambling sites.

It's highly unlikely that the government can tax these decentralized gambling platforms. Just as they can't tax the dexes, so they can't also chase these platforms since it's decentralized.

But the government can track where the decentralized gambling platform is. They can use their resources knowing where their server operate and track their headquarters to investigate for more. We can not underestimate what the government can do to track everything they want to know because they can get that information sooner or later. So if they think they can get big taxes from the decentralized gambling platform, they will search for the information using all of their resources and force them to pay the taxes if the casino does not want to be closed by the government.

[YinShuiSiYuan]

I'm wondering what exactly is calling a "decentralized" bookmaker. We all think the point is that it's just built on blockchain, but maybe it's something else. Today I found a new gambling site where no registration is required, we only need to connect our wallet:
https://matchtoken.io/
Although I don't know yet exactly how it works and how it differs from other casinos, but maybe that's the case here.