What will be the next big industry move?

[goldkingcoiner]

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

Well by some of what you are saying I can understand the meaning behind it but I will have to quietly shake my head at your assumption that the governments do not have sufficient laws on the taxation of crypto online gambling. The tax laws regarding this is quite clear, because the government very strictly and hastely introduces tax laws, as not to miss out on profits. I think you were thinking of regulation, rather than taxation.

[xSkylarx]

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

Well by some of what you are saying I can understand the meaning behind it but I will have to quietly shake my head at your assumption that the governments do not have sufficient laws on the taxation of crypto online gambling. The tax laws regarding this is quite clear, because the government very strictly and hastely introduces tax laws, as not to miss out on profits. I think you were thinking of regulation, rather than taxation.

Agree, they are fast and as long as they see that you are earning money out of it, they will then declare that you should be paying taxes. The best example was when you were earning money from NFT games. We knew that the government had not established a law about it and that you should pay a tax. But after a few months, the government took over and started tracking those players and should pay taxes according to their income. The government is really fast when it comes to money.

[bbc.reporter]

Another next big industry move besides my speculation of the possbility of incorporation of NFTs and the metaverse by the gambling services in the cryptospace is the adoption of algorithmic stablecoins as their main currency. Stablecoins like Terra’s UST.

Similar to the argument that stablecoins brought the Defi boom and NFT boom as mentioned in this article, it might also bring an opportunity for cryptogambling services to boom.



An algorithmic stablecoin is one that can keep its peg using only software and rules. If one ever works, it could scale infinitely, to whatever size an economy needs.

"To create USDC you need USD in the bank, and that works well if you're just starting out," Tan said. "What comes after, it's the right kind of monetary policy that allows stability and low volatility to allow people to trade ... if we can do that with math and we can do that with monetary policy, that's more efficient."

Without stablecoins, there would have been no decentralized finance (DeFi) booms, which means there probably would have also been no non-fungible token (NFT) boom. Stablecoins have been table stakes for what the industry has achieved so far.

Source https://www.coindesk.com/tech/2021/07/06/the-quest-for-a-truly-decentralized-stablecoin/

[Gosgosking]

The gambling is a big industry that is growing bigger everyday  despite the covid-19 challenge we are facing which is affecting so many organisations. But gambling industries is still on doing their business. The gambling industry is one of the fastest growing industry.

[Oshosondy]

Another next big industry move besides my speculation of the possbility of incorporation of NFTs and the metaverse by the gambling services in the cryptospace is the adoption of algorithmic stablecoins as their main currency. Stablecoins like Terra’s UST.

Similar to the argument that stablecoins brought the Defi boom and NFT boom as mentioned in this article, it might also bring an opportunity for cryptogambling services to boom.

This is not wrong but you should not specify it, it is general, all other coins which are commonly used on gambling sites will follow.

The gambling is a big industry that is growing bigger everyday  despite the covid-19 challenge we are facing which is affecting so many organisations. But gambling industries is still on doing their business. The gambling industry is one of the fastest growing industry.

I remembered a time in 2020 when almost all gamble site I was accessing that was working, many closed down temporary. Also the sites I am using for checking scored all closed down temporary at that time, it was a boring time for me. I was unable to make much predictions at that time. But you do not totally wrong, when a countries that were under lockdown become active back, gambling industries boom again most and it is true that gambling companies are growing very well.

[_BlackStar]

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

The majority still use fiat for online gambling and physical casinos but online crypto casino campaign in various sports competitions allow crypto casinos to grow even more in the next few years. People need time to switch to using a new currency in gambling while they also need to know what crypto is before they actually know how to use it.

Although currently the growth of crypto gamblers in online casinos is good but basically not big enough compared to the use of fiat in gambling. This is a time of transition from fiat to crypto, gamblers and governments may be preparing to accept and regulate taxes.

[Mauser]

Gambling industry is on the move in the last years. Legalisation across Europe and USA has forged new empires, online gaming has received all the positive impacts from COVID confinements and it seems that is going to be plenty of consolidation in the future. What is your personal bet on the next big events in the betting industry?

I believe that the trend towards online betting and away from local bookmakers will continue. In my country there a lot small places where you can bet on sports games. This not efficient anymore, they all have to pay rent, pay employees and other fixed costs. Online betting will always have a cost advantage. So we should see more advertising and better promotions from the online industry.
And the next big thing in my opinion will be more live betting for a large number of sports. Due to covid the stadiums are still empty, most of us can only watch their favourite sport from the couch at home. That's why live betting during matches becomes much more interesting.

[passwordnow]

The gambling is a big industry that is growing bigger everyday  despite the covid-19 challenge we are facing which is affecting so many organisations. But gambling industries is still on doing their business. The gambling industry is one of the fastest growing industry.

It's growing and with the integration of technology, there's a faster approach from the gambling industry. That's why there are speculations and ideas that are being discussed on this thread with regards to what's the next big thing in gambling. It's including the cryptocurrencies that makes it bigger these days unlike before when it's all about gambling, it's gambling alone and it's only with fiat. But look at how it is right now, the market has grown and it's one of the industry's biggest contributor.

[l3pox]

Definitely right, as a matter of fact, this innovation of internet communication is not for gambling only, there are too many usages using VR to look to be true using virtual reality gadgets. The Internet now is a part of the major necessities of the people, so I did not wonder it belongs to the innovation that people should be adopted. I love poker games which is very suitable if we can apply VR into it, it seems in reality that you have something to talk about in one room playing with other players. I think this is the next move that the most anticipated.

On the one hand I like the way technology is developing, but on the other hand it scares me what it may eventually lead to. Many people are so caught up in the Internet that their real life has become so boring that they prefer to spend most of their free time online and frankly I think this is not the right way to develop humanity. Although on the other hand, each of us has the right to choose what to do.

this! everything comes with positive sides and downsides
i believe we'll have amazing things with the new technologies, but if you check things like depression and anxiety they're at peak levels too, testosterone levels are lower, it'll be interesting to see the new dynamics of society in the future, curious about that.

I was having a conversation with a friend last week and he mentioned 1984 and Aldous Huxley, with
Comfort being now more important than truth.

[Mamun74]

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

[CDC AP]

I only think that the gambling industry will evolve to new things as many technologies will invent and develop by each developer.
It will attract many people to come to the gambling games and gamble using their money or want to see a new experience while gambling.
But besides that, it can cause more problems such as poverty, addiction, or else that can happen because the gambling effect can get inside of them and make them not stop from playing gambling

[suzanne5223]

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

the bottleneck here is that most governments have no defined taxation laws yet when it comes to crypto gambling sites. fiat system may be outdated but this traditional payment system will not go away anytime soon. a lot of gamblers are still using it. remember, crypto users are still in small percentage as compared to global population. so it would really take long time before we see the majority of gamblers that will go into crypto

Guys, don't let us get this wrong. Cryptocurrency has the potential and concept to be the future payment system but it was not introduced by Satoshi to make the traditional payment go away and the last time I checked it was said to serve as an alternative payment system.
About the government not having a defined taxation law for online gambling it depends on the government's stance toward cryptocurrency because we have countries that are already benefitting from the online gambling site.

[Silberman]

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

That is exactly correct. If anything the whole matter is not what or how but rather when. Its going to happen, sooner or later crypto will become the next generation of money. It really should have happened sooner, we have been using the current monetary systems for too long. They are outdated and have been so, ever since the age of internet came. I cannot say how much crypto will stop corruption and wars but it will definitely help!

One of the only constants when it comes to human civilization is that change is always coming, and the ones that adapt the fastest to those changes are the ones that get the most benefits out of it, one example of this is bitcoin, there are still many people that resist the use of bitcoin and they do not want to adapt their ways as they think bitcoin is not going to last, however those that have adopted bitcoin the fastest are the ones that have obtained the most benefits, and this is a principle that applies to all markets and not only to this one.

[Boristhecat]

Another next big industry move besides my speculation of the possbility of incorporation of NFTs and the metaverse by the gambling services in the cryptospace is the adoption of algorithmic stablecoins as their main currency. Stablecoins like Terra’s UST.

Similar to the argument that stablecoins brought the Defi boom and NFT boom as mentioned in this article, it might also bring an opportunity for cryptogambling services to boom.



An algorithmic stablecoin is one that can keep its peg using only software and rules. If one ever works, it could scale infinitely, to whatever size an economy needs.

"To create USDC you need USD in the bank, and that works well if you're just starting out," Tan said. "What comes after, it's the right kind of monetary policy that allows stability and low volatility to allow people to trade ... if we can do that with math and we can do that with monetary policy, that's more efficient."

Without stablecoins, there would have been no decentralized finance (DeFi) booms, which means there probably would have also been no non-fungible token (NFT) boom. Stablecoins have been table stakes for what the industry has achieved so far.

Source https://www.coindesk.com/tech/2021/07/06/the-quest-for-a-truly-decentralized-stablecoin/

I have nothing against stablecoins, although they have their drawbacks, but I have great doubts about algorithmic stablecoins. I would never keep even a small amount in such coins as their very name implies their unreliability in certain situations. Maybe I am conservative in my views, but I believe that if you issue a stablecoin, then you should have 100% reserve for it. If you are issuing a stablecoin without full reservation, then simply call it a cryptocurrency or a token and not a stablecoin.

[Tumanggor]

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

NFT can also be the fastest breakthrough for the gambling business

the concept could be that the player has to buy the NFT casino to play or those who have NFT can play slots a few rounds for free

NFT and Metaverse are things that gambling businesses should and will adopt, who refuse to adopt both will not be able to compete

[TimeTeller]

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

NFT can also be the fastest breakthrough for the gambling business

the concept could be that the player has to buy the NFT casino to play or those who have NFT can play slots a few rounds for free

NFT and Metaverse are things that gambling businesses should and will adopt, who refuse to adopt both will not be able to compete

As we are seeing now, some casinos are now adopting the concept of NFT and metaverse.
However, some old casinos are just happy for what they have because they have their loyal patrons in place already.
But, if these gamblers will find out that casinos with integrated NFT and metaverse concepts will give them good profits, they will surely flock to this kind of casino.
So yes, casinos should take a look also into this new hype as they may be left behind as our technology is getting advanced.

[Mahanton]

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

NFT can also be the fastest breakthrough for the gambling business

the concept could be that the player has to buy the NFT casino to play or those who have NFT can play slots a few rounds for free

NFT and Metaverse are things that gambling businesses should and will adopt, who refuse to adopt both will not be able to compete

As we are seeing now, some casinos are now adopting the concept of NFT and metaverse.
However, some old casinos are just happy for what they have because they have their loyal patrons in place already.
But, if these gamblers will find out that casinos with integrated NFT and metaverse concepts will give them good profits, they will surely flock to this kind of casino.
So yes, casinos should take a look also into this new hype as they may be left behind as our technology is getting advanced.

As a business owner then you wouldnt really let your business be out of date but on the current ways you are doing and still ending up profitable then you wouldnt make out some changes but you would eventually able to observe or notice if there would be something new in the market and your players count would really decrease out then it would really be just normal for you to have some considerations on making out some addition
or integration of those new things and as an owner you wouldnt really let things to be  that way but instead you would go with the flow but as said it would depend because there are users
whom do prefer old things than new ones.

[Tumanggor]

~

~

As we are seeing now, some casinos are now adopting the concept of NFT and metaverse.
However, some old casinos are just happy for what they have because they have their loyal patrons in place already.
But, if these gamblers will find out that casinos with integrated NFT and metaverse concepts will give them good profits, they will surely flock to this kind of casino.
So yes, casinos should take a look also into this new hype as they may be left behind as our technology is getting advanced.

It is certain that gambling sites that are behind in technology will be forced to follow current trends if they want to continue to maintain their business

The hype about NFT and Metaverse is going to go on for a long time, this is a great opportunity for gambling business owners to introduce their loyal customers that their company is at the forefront of the gambling business.

[l3pox]

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

you are right and NFTs are growing a lot day by day
I'm curious to see if any gambling companies will include NFTs on their model
even if just POAPs as special prizes for winners

that could be interesting.

[michellee]

It is certain that gambling sites that are behind in technology will be forced to follow current trends if they want to continue to maintain their business

The hype about NFT and Metaverse is going to go on for a long time, this is a great opportunity for gambling business owners to introduce their loyal customers that their company is at the forefront of the gambling business.

The casino will research before implementing NFT and Metaverse to their site because they need to know what benefits they can give to their members. If that is about creating a new token that will not benefit their members, they will not try it instead of still using the old way that already can satisfy their members. Maybe the casino will find the other way to follow the current trend to attract more members to their site and I am sure the casino will always want to update their technology with the newest technology to give their best to their members.