🎰🏈🃏[ANN] GAMBL.io - Welcome to Gaming 3.0... The Blockchain Betting Solution

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GAMBL Pre-Order Sale begins August 1st for whitelist, and begins August 15th for general access.

Pre-Order Sale Price - $0.08

Whitelist Price - $0.06

10% referral bonus (earn a moon bag for free, or lower your average cost)

Pre-order Sale capped at 40m tokens, and once those are sold...that's all!

More information about the sale and whitelist can be found at our site gambl.io <<<

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GAMBL news post: Transaction congestion harming second-layer solutions.

https://gambl.io/transaction-congestion-harming-second-layer-solutions/

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GAMBL news post: Football Index scandal highlights the risks of centralized operations and a major failure by regulators

https://gambl.io/football-index-scandal-regulators-you-had-one-job/

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GAMBL news post: Gamblers clash with anti-gambling activists when it comes to current and future regulation

https://gambl.io/online-betting-a-danger-to-society-or-a-personal-freedom-worth-defending/

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GAMBL news post: BETDAQ "The People's Exchange" routinely bans winning bettors, an employee confirms. They're certainly not alone either as it has practically become standard industry procedure for centralized sportsbooks, while their decentralized counterparts seek to change this unethical practice.

https://gambl.io/betdaq-joins-large-list-of-sportsbooks-banning-winners/

[TimeTeller]

As no one is posting on this thread other than the OP, what are the activities that the team are cooking to gain traction from the community?
Crypto casinos are everywhere now. And you can already find several casinos in the gambling board of this forum that are already doing great.
So do you think you can compete with those existing crypto casinos as you are introducing this gaming 3.0 concept?
If you will not conduct IEO, do you think you have more than enough bankroll to make your casino rolling?

[Miiike]

[...]
If you will not conduct IEO, do you think you have more than enough bankroll to make your casino rolling?

What do you mean they will not conduct IEO? It is stated here and there that there will be token sales, even the tokenomy clearly shows these allocation for token sales, 60%, with 10% for presale and 50% on IEO

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As no one is posting on this thread other than the OP, what are the activities that the team are cooking to gain traction from the community?
Crypto casinos are everywhere now. And you can already find several casinos in the gambling board of this forum that are already doing great.
So do you think you can compete with those existing crypto casinos as you are introducing this gaming 3.0 concept?
If you will not conduct IEO, do you think you have more than enough bankroll to make your casino rolling?

Nearly all of them only use crypto as a payment processor, with many just being reskinned clones of the same few old casinos. They're centralized and with the recent AGA letter to the DoJ, users should be more than a little concerned...given all of the past crackdowns and long lockups of user funds. Poker sites were doing great too, until the Black Friday crackdown in 2011 left the entire industry in tatters and it still hasn't fully recovered over a decade later. Same with sportsbooks and casinos in previous crackdowns.

Their article describing the AGA letter is here - https://www.americangaming.org/new/american-gaming-association-urges-department-of-justice-to-crack-down-on-illegal-gambling/

Also have a look at the team in this project, particularly the CEO and the others based on Malta. They have a long history in the industry, if the gambling community is going to attempt something like this then these are the guys we certainly would want and we're lucky to have them.

There's also plenty of other reasoning and information that will be coming out in future news posts and elsewhere, we're just getting started here.

Edit - I'm the only one posting here to start, but we have others across the social media platforms. Our Telegram is the main place for info and discussion.

[Miiike]

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Edit - I'm the only one posting here to start, but we have others across the social media platforms. Our Telegram is the main place for info and discussion.

Wouldn't it be better for the team to appoint a CM to attend matters here? The forum is quite a gateway for crypto. With TG as the main place for info, although the information and discussion will happen simultaneously, it'll be rather "exclusive" as investors will need to have the specific link to the channel. Just my opinion, though.

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Edit - I'm the only one posting here to start, but we have others across the social media platforms. Our Telegram is the main place for info and discussion.

Wouldn't it be better for the team to appoint a CM to attend matters here? The forum is quite a gateway for crypto. With TG as the main place for info, although the information and discussion will happen simultaneously, it'll be rather "exclusive" as investors will need to have the specific link to the channel. Just my opinion, though.

Yep that's me, well one of the two on the community side currently. And yeah it's definitely quite a gateway with a long and sometime very interesting history here. I've been around for a rather long time, but I've tended to just read mostly. These days it feels as if much of crypto has shifted their presence outside of here to more mainstream platforms like Twitter though I suppose that's true for most of the old forums. I've made it a point to maintain an active presence here for GAMBL however, especially in these earliest stages.

Telegram is nice for quick back-and-forth communication, but we certainly don't mind having some discussions here also. I can get others on the team to speak up here on the topics that are in their domain, maybe some Q&A's at some point if/when there is demand for it. Particularly for Tippy as he can speak more definitively on the more technical details of the sportsbook side. Telegram link is on the site but I'll post here too - https://t.me/GAMBLCoin

Also forgot to mention earlier, there's really 3 main directions that a casino/sportsbook can take. First is far most common, just use btc or others for payments only but obviously centralization is an issue and history has already shown many times this isn't a long-term solution. Second is building atop a base layer like eth. As we saw with Augur and many other though, base layers can come with a lot of potential issues and in trying to do everything they end up being too inefficient or too impractical for many complex solutions.

That leaves tailoring a chain specifically to the gambling industry, which consumes much more time/resources and it can be a real pain to get up and running. But long-term it's the most practical, realistic, and efficient path. The industry is more than large enough to warrant it, just needs the proper structuring and incentives in order to do well. Even regulated sites have a ton of unethical issues and users are constantly left wanting something better, that has been our primary motivation to be honest. I'd much rather be governed by user consensus rather than the current status quo that only seems to get worse as more time passes.

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GAMBL news post: Online poker gets a big boost from streaming, its players get a whole new route to sponsorships, and viewers get a much more accurate picture of what it's all truly like.

https://gambl.io/online-poker-the-streaming-boom/

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Nitrogen reportedly steals 0.26 BTC from a user simply because they say he accessed the site from the US. They allowed him to bet for 4 months straight instead of closing the account right away and returning his funds.

Centralized sportsbooks are a serious risk for bettors, even if they use crypto only. Link below to the post.

https://twitter.com/d_feustel/status/1521178127036305415

Even "decentralized" solutions that are reliant on a base layer could be targeted. Most of their investment comes directly from groups involved in the base layer, or from people heavily invested in it. Massive incentive to sell out bettors if push comes to shove, as it is simply just another user-case to them. Their main priority is the base layer, bettors are hardly an afterthought for them.

In addition, these kinds of solutions are susceptible to issues on the base layer. BetDEX is the latest victim, being based on Solana they suffered a 7+ hour outage. The proudly touted 50,000 transactions per second of BetDEX looks a bit suspect and outages lasting hours or days can be devastating for sportsbooks and casinos, especially if it happens during a major event. Also as these networks grow and expand into larger and wider ranges of uses, fees can quickly rise to a point where it becomes an issue for smaller bettors who make up the vast majority of users. This has already happened with ETH, and occasionally a few others.

Solutions like GAMBL cannot come soon enough, as the status quo seems to get worse and worse as time passes. Bettors need to group together and demand better. We love to hear input from all kinds of bettors, as we build in the spirit of: By bettors, for bettors.

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GAMBL news post: Deal between Wynn and the UAE highlights a major growing trend of gambling expansion. Rather surprisingly, Dubai isn't leading the way this time.

https://gambl.io/uae-and-wynn-deal-shows-promise-for-gambling-expansion/

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GAMBL news post: Sports Illustrated does a full 180 on its previously hardline anti-gambling stance, opening up their own sportsbook. After decades of moral grandstanding and fearmongering, they flip nearly as soon as regulation changes. Ironically enough, expect poor odds and shady practices.

https://gambl.io/the-problem-with-the-media-parroting-regulation/

Also more detailed info coming soon on the various parts of GAMBL, mainly for the bettors coming aboard who have less knowledge on the crypto side.

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Posted some analysis on crypto gambling projects and the wider gambling industry as a whole. A continuation of some work I did a few years back, pretty much a must-read for anyone investing in these types of projects or considering it. The former turned out to be more accurate than most/all of even the paid industry analysis being churned out at the time.

If we don't review and acknowledge the mistakes of the past, then we certainly cannot learn from them and we are ultimately doomed to repeat them.

The good news is that there is a great window where we can really make some big things happen. It's mainly due to poor regulations, reckless spending by the big regulated casinos, and their unethical treatment of users.

Let's make the most of this opportunity!

https://twitter.com/lotuspod_o8/status/1525394703239331840

Edit: Just got this transcript portion from a meeting on Thursday with BetMGM CFO...just wow



It's not just the US either, an article just now posted highlights some major issues even in the far more mature UK markets. This is directly from the CEO of the Betting and Gaming Council. The black market phrasing is a bit laughable though, as it exists in a gray-area that current regulations are simply not equipped nor even informed enough to handle properly. It would be somewhat like a traditional banking exec (making big money squeezing its customers) referring to cheap and efficient crypto transactions as black market.

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FanDuel CEO - "There's a massive black market that still exists. Hard to quantify exactly but probably to the tune of trillions of dollars. As that black market persists, the states aren't getting the economic benefit of that. Consumers aren't being protected."

Probably about as accurate as one can be on the size of the market, broad estimates are about all we can get but almost certainly it's into the trillions. Having some more confirmation on this massive size is always nice, even if it is just a little.

States and federal govs do technically earn some off of it through various means. It's just not the unsustainable price-gouging rates that they were promised by the few largest players in return for carefully crafting legislation that was meant to be favorable to them while still being unfavorable for any kind of new competition. In states like NY they're already going back on their word and finally admitting it isn't profitable enough for even the largest-scale entities, let alone any smaller operators or startups.

They know their users have already been squeezed too hard and won't bear any more. Which makes it a bit funny that they bring up users, especially when they're now referring to them as 'consumers' since they only want to serve the losing bettors.

Their marketing is promising these users a dream that they can never truly achieve, basically the definition of a scam. While on the other hand their legal and C-level are placating the authorities that they're merely 'providing entertainment to consumers'.

The mafia-style mention of protection is the cherry on top.