What will be the next big industry move?

[l3pox]

that's true FatFork!

I wonder what innovations we'll see on the next years in the sector.

It's hard to tell. If I knew that, I would probably already be working for a prominent casino's R&D department. 

How hard it is to create an online casino? Probably easier than a crypto exchange I'd guess?

That's a good question. I guess there are several challenges. To begin with, one needs to learn how to code. A good casino software solution must involve a complex cryptography and security layer. There are quite a few online casino solutions in the market but not all are well-designed and have all the right features. Additionally, a good gambling casino must also have a good liquidity on the bank's part. That is the only way to ensure that your online casino runs smoothly.

do you know how many people work on online casinos like roobet and duelbits?

Honestly, I don't know. My guess would be at least one good team of programmers, an enthusiastic marketing team, and a support team. Probably a team of people in the legal department as well.

I wouldnt be suprised if it was a small team like up to 10 people
but maybe it's much bigger, with legal, finances and huge teams... could be

nice to see they growing and staying strong on the marketing here

[maydna]

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

In any case, regulators will find leverage on decentralized gambling sites. A good example is the story of Uniswap when they had to exclude some assets from their "decentralized" trading platform due to questions from regulators.

Yes, that is a great example. We know that regulators can find ways to regulate or require KYC procedures in casinos so that casinos can regulate gamblers to follow KYC procedures from regulators. But it looks like that won't make the regulators do anything for the next generation of casinos because the Web 3.0 casino itself is still not very developed, so maybe the regulators will just leave it at that. Still, they will keep an eye on it from far.

[Smartprofit]

In the Metaverse, NFTs are a more valuable asset than fiat money or cryptocurrencies. 

NFT in the Metaverse is a unique program that gives the inhabitant of the Metaverse significant benefits. 

NFTs in the Metaverse can be compared to magical items in fairy tales (for example, a ring of omnipotence, an invisibility hat, King Arthur's sword, etc.) These will be unique game items that will give the inhabitants of the Metaverse more rights and opportunities. 

In online casinos located in the Metaverse, gaming bets will be made not with fiat money (and not even with cryptocurrency), but with NFT.

[jostorres]

In the Metaverse, NFTs are a more valuable asset than fiat money or cryptocurrencies.  

NFT in the Metaverse is a unique program that gives the inhabitant of the Metaverse significant benefits.  

NFTs in the Metaverse can be compared to magical items in fairy tales (for example, a ring of omnipotence, an invisibility hat, King Arthur's sword, etc.) These will be unique game items that will give the inhabitants of the Metaverse more rights and opportunities.  

In online casinos located in the Metaverse, gaming bets will be made not with fiat money (and not even with cryptocurrency), but with NFT.

But, are NFT and cryptos related to each other? and without cryptos, I don't think there will also be NFT or metaverse that will exist so don't say that they are more valuable than crypto but NFTs and metaverse can be more valuable than a fiat money, that is for sure.

I like how you describe NFT there. NFT is like an indispensable tool when you venture into the world of metaverse. Not sure if we already have a gambling site that is based in the metaverse world and uses an NFT because I never heard of any except the metaverse and NFT games but I think that they are now being considered by the gambling operators and gambling developers. I'm so excited about this.

[Smartprofit]

In the Metaverse, NFTs are a more valuable asset than fiat money or cryptocurrencies.  

NFT in the Metaverse is a unique program that gives the inhabitant of the Metaverse significant benefits.  

NFTs in the Metaverse can be compared to magical items in fairy tales (for example, a ring of omnipotence, an invisibility hat, King Arthur's sword, etc.) These will be unique game items that will give the inhabitants of the Metaverse more rights and opportunities.  

In online casinos located in the Metaverse, gaming bets will be made not with fiat money (and not even with cryptocurrency), but with NFT.

But, are NFT and cryptos related to each other? and without cryptos, I don't think there will also be NFT or metaverse that will exist so don't say that they are more valuable than crypto but NFTs and metaverse can be more valuable than a fiat money, that is for sure.

I like how you describe NFT there. NFT is like an indispensable tool when you venture into the world of metaverse. Not sure if we already have a gambling site that is based in the metaverse world and uses an NFT because I never heard of any except the metaverse and NFT games but I think that they are now being considered by the gambling operators and gambling developers. I'm so excited about this.

Now there are already concepts of the Metaverse, but a full-fledged Metaverse has not yet been created.  

Creating a metaverse is difficult ...  

This requires very powerful servers.  New generation computers.  And here the difficulties are associated with the creation of microcircuits.  The Covid-19 coronavirus pandemic and geopolitical tensions are slowing down scientific and technological progress.  

Also, to create the Metaverse, new generation networks are needed - 5g and 6g networks.  

We need high-quality and cheap virtual reality devices.  Because without them, you can't get into the Metaverse.  

Talented software architects, designers, screenwriters, developers are also required.

[@ghbwoy5]

Let's dedicate a little time to see the last decade headlines on gambling and business (or rather the business of gambling):

https://medium.com/@visualmodo/online-gambling-history-18caa7ec7758

Some headlines:

- Online sports betting sites come to live in the middle of 90s. These have evolved massively (online poker did not even have graphics at first).

- Regulations on gambling are clarified and old laws reinterpreted 

The Wire Act prohibits the electronic transmission of information for sports betting, but a 2002 ruling crucially ruled that “in plain language” it does not prohibit internet gambling on a game of chance

- In 2019, Disney generated around 55B. The gambling industry 59B.

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?

Chips.gg is leading the way with an exciting trend in crypto gambling where the house shares it's winnings with players. Players receive 50% of daily house earnings and each player earns in proportion to their reward tokens which is based on the volume of their wagers

[molsewid]

Now there are already concepts of the Metaverse, but a full-fledged Metaverse has not yet been created.  

Creating a metaverse is difficult ...  

This requires very powerful servers.  New generation computers.  And here the difficulties are associated with the creation of microcircuits.  The Covid-19 coronavirus pandemic and geopolitical tensions are slowing down scientific and technological progress.  

Also, to create the Metaverse, new generation networks are needed - 5g and 6g networks.  

We need high-quality and cheap virtual reality devices.  Because without them, you can't get into the Metaverse.  

Talented software architects, designers, screenwriters, developers are also required.

Well, I guess it's because the concept of Metaverse was being introduced to us by Mark Zuckerberg the earlier he can before the concept Is ready to show feature. And with that being said it only shows that the hyped of this concept of Metaverse is really that high and that even we haven't know exactly what this concept could give us we are already speculating the best thing it can contribute to the crypto industry especially in gambling industry.

[Smartprofit]

Now there are already concepts of the Metaverse, but a full-fledged Metaverse has not yet been created.  

Creating a metaverse is difficult ...  

This requires very powerful servers.  New generation computers.  And here the difficulties are associated with the creation of microcircuits.  The Covid-19 coronavirus pandemic and geopolitical tensions are slowing down scientific and technological progress.  

Also, to create the Metaverse, new generation networks are needed - 5g and 6g networks.  

We need high-quality and cheap virtual reality devices.  Because without them, you can't get into the Metaverse.  

Talented software architects, designers, screenwriters, developers are also required.

Well, I guess it's because the concept of Metaverse was being introduced to us by Mark Zuckerberg the earlier he can before the concept Is ready to show feature. And with that being said it only shows that the hyped of this concept of Metaverse is really that high and that even we haven't know exactly what this concept could give us we are already speculating the best thing it can contribute to the crypto industry especially in gambling industry.

Yes, over time, the gaming industry will fully or partially move into the Metaverse. 

The concept of the Metaverse can be better understood by reading science fiction novels.  Writer Clifford Simak has a novel that describes a civilization completely immersed in a virtual world.  Earthlings are trying to get in touch with representatives of this civilization, but these creatures are completely closed in on themselves and do not make contact. 

The metaverse implies complete immersion in processes. 

Full immersion of the casino client in the gaming process is very important in the gambling industry.

[Pamadar]

Well, I guess it's because the concept of Metaverse was being introduced to us by Mark Zuckerberg the earlier he can before the concept Is ready to show feature. And with that being said it only shows that the hyped of this concept of Metaverse is really that high and that even we haven't know exactly what this concept could give us we are already speculating the best thing it can contribute to the crypto industry especially in gambling industry.

I see your point and I agree, the hypes, just because it was the founder of FB who's introducing the system

made many to think that this will be successful, though we don't feel it yet if what is the real score and the timing right now
is now favorable to any meta projects.

Let see if what will happen after the bull comes up and starts to bring pump, especially with  meta asset.

That includes the gambling industries..

[pawanjain]

Well, I guess it's because the concept of Metaverse was being introduced to us by Mark Zuckerberg the earlier he can before the concept Is ready to show feature. And with that being said it only shows that the hyped of this concept of Metaverse is really that high and that even we haven't know exactly what this concept could give us we are already speculating the best thing it can contribute to the crypto industry especially in gambling industry.

I think one of the reason why there is so much of speculation already is because of the movies.
We already have movies about virtual reality which are similar to the metaverse and the best one is Ready player one.
This has given all of us a good idea of how the metaverse could be and the possibilities that it brings us.
And then as you said there's Mark Zuckerberg promoting it who is already very famous for creating facebook, one the first social media platforms.
So quite makes sense why there's so much of hype built around the metaverse.

[Silberman]

^

I could be wrong, but it seems to me that rich gamblers would not trade the atmosphere of land-based casinos for anything. They like to put themselves on display among the likes of them. Low income people simply can't use these technologies because they're expensive and will still play either in small illegal casinos or online.

Without a doubt there will be people like that which would want to have a very luxurious atmosphere to gamble and also a place to make connections with other powerful people which they have yet to meet, however it is widely know that the most successful businesses are the ones that sell for volume and a such you need the masses to use them, and a casino that is that luxurious cannot be afforded by regular people, which is why I think that the majority of those people will eventually move online.

[Hamphser]

^

I could be wrong, but it seems to me that rich gamblers would not trade the atmosphere of land-based casinos for anything. They like to put themselves on display among the likes of them. Low income people simply can't use these technologies because they're expensive and will still play either in small illegal casinos or online.

Without a doubt there will be people like that which would want to have a very luxurious atmosphere to gamble and also a place to make connections with other powerful people which they have yet to meet, however it is widely know that the most successful businesses are the ones that sell for volume and a such you need the masses to use them, and a casino that is that luxurious cannot be afforded by regular people, which is why I think that the majority of those people will eventually move online.

In short, there would be always a particular market for that on which there are places or casinos which do only cater out or could only be afforded with those having deeper pockets and to those who are just playing

gambling in casual amounts on particular places.So expect that there would be certain places on which specific users would able to make use of but doesnt mean though that there would be restrictions.

As for industry talks about being progressive then expect for it to be that way because demand would continue to grow.

[paxmao]

Meta is already here with us, it doesnt have to actually be 3D or virtual world just digital economy items that only exist within the sphere of that game or universe construct that is a real thing now.   I was making sports bets using meta items back in 2014 onwards so its certainly a very in demand thing for similar reasons to why crypto is so in demand globally, we have very weak currencies and its not hard even for a virtual worth Meta item to have the value that can involve gambling on game outcomes of sports or casino etc.
   It will be a thing, Ive done very similar type activities and it was so popular the game maker feared the gambling business was taking over their game, lots of demand for sure.

Meta is likely to unify all these different upcoming trends into what is called a mega-app that is useful for all purposes such as buying, transfering, saving, booking hotels and flights,... and certainly gaming. This is a once in a lifetime bet by Zucky and is putting a shit-ton of money into it, so it may actually succeed and eventually also change the gaming industry itself that would become less "hardware" and more software.

[gagux123]

Well, I believe the "new technology" has arrived and is here to bring about a revolution in how things work.

Of course, at the moment everything is very incipient because we have few users who actually use this type of technology.
But, we are seeing an improvement in this subject.
Crypto, DeFi, NTF and now the Metaverse.

A few days ago I saw a very interesting video related to the Metaverse of how a person could do their shopping at the supermarket or mall!
It really caught my attention and I found it very interesting.

ps: if I can find the video link, I'll share it with you (of course if that's possible)

[Ludmilla_rose1995]

Well, I believe the "new technology" has arrived and is here to bring about a revolution in how things work.

Of course, at the moment everything is very incipient because we have few users who actually use this type of technology.
But, we are seeing an improvement in this subject.
Crypto, DeFi, NTF and now the Metaverse.

A few days ago I saw a very interesting video related to the Metaverse of how a person could do their shopping at the supermarket or mall!
It really caught my attention and I found it very interesting.

ps: if I can find the video link, I'll share it with you (of course if that's possible)

South Korea is currently spending hundreds of millions of dollars on metaverse development. one of the technologies that will be adopted by humans is VR / AR, there are many advantages that humans get if the metaverse is running perfectly.

As far as I can see the development of the metaverse is still 30%, later when it has reached 75%, I'm sure we can already see a lot of people playing gambling, or shopping at malls in the metaverse world.

[gagux123]

South Korea is currently spending hundreds of millions of dollars on metaverse development. one of the technologies that will be adopted by humans is VR / AR, there are many advantages that humans get if the metaverse is running perfectly.

As far as I can see the development of the metaverse is still 30%, later when it has reached 75%, I'm sure we can already see a lot of people playing gambling, or shopping at malls in the metaverse world.

I didn't know that South Korea is working and studying hard about the Metaverse, this is good and interesting news!
But this is to be expected in a country of this type (South Korea).

I'm really excited to being able to actually use this type of technology on a daily basis, I don't know how it will actually spread, but I think that these types of products/VR/Metaverse will need to have an affordable price.
But like all technology in its beginning, the products/services in its launch will always be expensive

[bakasabo]

I dont think that gambling industry will make a big move, because I dont see it changes much. We still play same card games as years ago, we still test luck in random (all slots games are test of luck), we still make bets. We are still eating same candies for years and decades. Same candies in different wrapper. What else, besides changing UI, design and all that flashy disturbing things, gambling industry add? VR - that will be same gambling, but not in from of a monitor or in real casino. Metaverse - I wont have to walk to casino to play anymore. Ok, I will WASD my character to a nearest table. Same.

[mrongoz_imut]

I dont think that gambling industry will make a big move, because I dont see it changes much. We still play same card games as years ago, we still test luck in random (all slots games are test of luck), we still make bets. We are still eating same candies for years and decades. Same candies in different wrapper. What else, besides changing UI, design and all that flashy disturbing things, gambling industry add? VR - that will be same gambling, but not in from of a monitor or in real casino. Metaverse - I wont have to walk to casino to play anymore. Ok, I will WASD my character to a nearest table. Same.

Although just as test how to luck in random between slot or sport betting games still have thousand hundred gambler active for trying how lucky they are on gambling site. I think not really change with gambling site as the next big industry move and looks will have new technology adopted for casino gambling, how to make player will be close as real looks like with metaverse and give interested game although keep as way how to try lucky or not when begin gambling site.

[Oasisman]

I dont think that gambling industry will make a big move, because I dont see it changes much. We still play same card games as years ago, we still test luck in random (all slots games are test of luck), we still make bets. We are still eating same candies for years and decades. Same candies in different wrapper. What else, besides changing UI, design and all that flashy disturbing things, gambling industry add? VR - that will be same gambling, but not in from of a monitor or in real casino. Metaverse - I wont have to walk to casino to play anymore. Ok, I will WASD my character to a nearest table. Same.

There were actually a significant addition in the gambling industry here in my country. Online gambling to be specific, and not to mention it is actually a big industry move as it really becomes a hit and a lot of people is hooked up by this kind of online betting,  infact it catches the attention of the highest government officials.
Though, that online gambling is kinda legal and is run by one of the most famous business man in the country, but the government see it as a threat to put poverty in a more serious condition and family being broken apart because of this very addictive online gambling innovation.

That online gaming is called "Online Sabong" or "Online cock fighting" in English term.

[AicecreaME]

The gambling industry will always stay profitable, however, regulations will be stricter especially in poor countries, but in rich countries where most people can afford to gamble, they will just likely increase the taxes so the government will benefit from the industry. With the popularity of crypto gambling as well, it gives the regulators more opportunity to earn and the entire industry will grow as gambling across borders made possible and easy with cheap transaction cost.

I agree. No matter what happens, gambling will always be on track. Because whatever the state of a country would be, there would always be a gambler thirsty to gamble for entertainment and of course, to hit the jackpot. Those people who decided to invest in making their own casino and gambling platforms will definitely keep on profiting as long as gambling stays legal and there is still patronage. In any type of community, anyone can gamble. Because gambling is accessible and more convenient nowadays, people can gamble anytime and anywhere in many ways possible. Because of this, regulations implementation of policies has been made to monitor and control the scope of gambling in a country. Sooner or later, people would discover more and more about other types of gambling such as those related to crypto and augmented or visual reality gambling and the government will do their move and actions about it in accordance to how they want it to be regulated for the benefit of the most.