The Rise of Crypto Gambling: What You Need to Know

[Julien_Olynpic]

In fact, we see that progress in the field of gambling does not stop. Yes, we are seeing an exciting thing - how Bitcoin and web3 in general are gradually taking over the gambling industry. And this is just the beginning. Gradually, we will come to the point that few people from casinos and bookmakers will ask for CUS. While this phenomenon is not widespread, casinos can be understood because they are regulated organizations. But, as I already mentioned, progress does not stand still. I assume that anonymous coins such as Monero will gradually be introduced into the space. Over time, the CUS procedure will die out. For its death, it is enough for several truly decentralized gambling technologies to appear.

[LUCKMCFLY]

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming 

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

[Hamphser]

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming 

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

[ultrloa]

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming 

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

I always love to see how the competition goes with those casino in this forum since there's a lot of special benefits from their offers we can get from them. That's why its good to see that lots of casino doing good marketing because we could able to choose where to gamble. Also personally as a newbie I don't give much importance if the casino is reliable before since what I'm looking is a platform which I can place my bets but since we see a lot of scams happening then I choose to gamble on big casinos which always have good feedback coming from different people in this forum. We maybe can see similar promotion or giving a huge bonuses to their new players but its really different when we say about reputation since we can safely gamble if we just choose those good casino rather than risking our money on betting also for the questionable reputation of other casino which we don't know if we can withdraw our funds especially if we decide to take out a huge amount of money from their platform. So choose reputable and have good track record for releasing huge rewards or funds withdrawal to their costumers since they are more good option to choose.

[paxmao]

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming 

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Competition tends to be good for the customer, so more sites usually mean that users will be better treated and they will have more options if they consider that they should be treated better, have better bonus or being offered more games. However, if it goes to far businesses will start being created an disappearing too fast and would cause confusion in the market. Some solid sites should always be around.

[arwin100]

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming 

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Competition tends to be good for the customer, so more sites usually mean that users will be better treated and they will have more options if they consider that they should be treated better, have better bonus or being offered more games. However, if it goes to far businesses will start being created an disappearing too fast and would cause confusion in the market. Some solid sites should always be around.

Yeah it will really be so good and beneficial to gamblers since that give them a lot of option. This also push the casino to perform more better since if the other one or their competitor could able to provide good service to their gamblers then that will be a huge lose for less performing once. Also there's provably a lot of promotions to enjoy especially many of casino's offer a good rewards to people  convince them to gamble on their casino and that is really good since there's many benefits we could provably select which people could enjoy.

That's why there's lot of surviving casinos running for long time and we see a lot of casinos exist in this forum for longest time they have manage to produce quality platform to their gamblers and there are many people still enjoy to gamble on their casino.

[Webetcoins]

In fact, we see that progress in the field of gambling does not stop. Yes, we are seeing an exciting thing - how Bitcoin and web3 in general are gradually taking over the gambling industry. And this is just the beginning. Gradually, we will come to the point that few people from casinos and bookmakers will ask for CUS. While this phenomenon is not widespread, casinos can be understood because they are regulated organizations. But, as I already mentioned, progress does not stand still. I assume that anonymous coins such as Monero will gradually be introduced into the space. Over time, the CUS procedure will die out. For its death, it is enough for several truly decentralized gambling technologies to appear.

Sorry to spoil your enthusiasm but lately I experienced some blockage in some casinos that I use but it only happens whenever I use my Wi-Fi and not my mobile data. They are not the same networks. I'm only hoping that my other network won't do the same thing. BTC is the main crypto, so I wouldn't say that it is gradually taking over because it happened already long time ago. Web3's are not new either but its development is slow.

I guess this is because people prefer full centralized services nowadays. We are already used to them anyways, so I think this is not something that will still bothered us. IDK what is that CUS you mean but I might researched this later on my vacant time.

[paxmao]

In fact, we see that progress in the field of gambling does not stop. Yes, we are seeing an exciting thing - how Bitcoin and web3 in general are gradually taking over the gambling industry. And this is just the beginning. Gradually, we will come to the point that few people from casinos and bookmakers will ask for CUS. While this phenomenon is not widespread, casinos can be understood because they are regulated organizations. But, as I already mentioned, progress does not stand still. I assume that anonymous coins such as Monero will gradually be introduced into the space. Over time, the CUS procedure will die out. For its death, it is enough for several truly decentralized gambling technologies to appear.

Sorry to spoil your enthusiasm but lately I experienced some blockage in some casinos that I use but it only happens whenever I use my Wi-Fi and not my mobile data. They are not the same networks. I'm only hoping that my other network won't do the same thing. BTC is the main crypto, so I wouldn't say that it is gradually taking over because it happened already long time ago. Web3's are not new either but its development is slow.

I guess this is because people prefer full centralized services nowadays. We are already used to them anyways, so I think this is not something that will still bothered us. IDK what is that CUS you mean but I might researched this later on my vacant time.

Is that specific to your locality or country? Gambling is always in the regulators eye unfortunately, it may cause all short of temporary or permanent prboblems with access.  I am sure the sites can also mover around and most of the times they will be able to figure out how to get past the regulation of some countries, but in some others it may simply be impossible - too harsh laws and punishments.

[Hamphser]

that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming 

Although the competition is very big, we are people who will Always have the power to choose what we think is best and that gives us more confidence, personally, it is always better to do anything that can give us better Results , personally when I was a newbie I would go on long tours around many casinos looking for the one that would give me the best chance of winning, of course at the end of the day I always stayed at the casino that was most reliable to me, and therefore it was the most reliable for most people, however currently it is as you say, many casinos with almost the same promotions and that is something that does not make much of a difference, it is even Better to go for the most Reliable casinos.

The more gambling sites or platforms that are existing the better because we us gamblers would really be having that choice whether which one we would really be playing on.
On the moment that they are saturating the market then it would really be their own problem as business owners on which for us users or players then it would really be an advantage
since competition is high and they would really be giving out their very best on having that good offering and this is something that will really be that good for us players.

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Competition tends to be good for the customer, so more sites usually mean that users will be better treated and they will have more options if they consider that they should be treated better, have better bonus or being offered more games. However, if it goes to far businesses will start being created an disappearing too fast and would cause confusion in the market. Some solid sites should always be around.

Just like in any business then there would really be those who do come and go on which this would really be a never ending cycle and this is something that very normal on this case. It is really just that there would really be those people who would really be just that wanting on testing out different variations of games from different platforms and providers. Just like on what i have said that for us gamblers then this one would really be that an advantage considering that options and offerings would really be tons and this would really be that great. Gambling business is a profitable one
and it would be understandable that business owners will really be that trying out to make one just because they've seen its profitability.

[LUCKMCFLY]

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Taking into account all these kinds of premises, it is very understandable that things are like this, but deep down there is no philanthropic millionaire who has created a casino where the house edge is 100% lower, and who always puts himself first so that the casino players win , I know that there are many people in the world who have an amount of money that they will never be able to spend in their life, if this is so, should they invent projects of this style to see how things would develop? I think there would be addicts to winning, and although it sounds very fanciful, well , it is something that I do not know if any of those millionaires would launch into such an adventure. If this type of casinos come out, what would happen to the current ones? because it would be very strong competition for them.

[Fivestar4everMVP]

When it comes to revenue then there's no doubt that this business is really that profitable due to addicted gamblers. This is why we do really see those new platforms
that do launches every now and then. So it wouldnt be shocking that they would really be trying out to create one but of course when it comes to capital
and other needed things on which its not something simple and never been cheap.

Taking into account all these kinds of premises, it is very understandable that things are like this, but deep down there is no philanthropic millionaire who has created a casino where the house edge is 100% lower, and who always puts himself first so that the casino players win , I know that there are many people in the world who have an amount of money that they will never be able to spend in their life, if this is so, should they invent projects of this style to see how things would develop? I think there would be addicts to winning, and although it sounds very fanciful, well , it is something that I do not know if any of those millionaires would launch into such an adventure. If this type of casinos come out, what would happen to the current ones? because it would be very strong competition for them.

Well, and the thing is, such casinos can never come, or exist, why? The reason is simple, men naturally are never satisfied with money, and it doesn't matter how much they have, millions, billions or even much more, they did still be looking for new projects they will invest in that will help them increase their networth.

Billionaires will rather donate money to orphanage homes, hospitals, schools, and other places, and or possibly launch their own charity organization or foundation through whhcn they can also solicit for support from other millionaires and billionaire to take different type of projects to different communities around the world.

I do not think any one of such people will ever decide to build a casino where players will always win due to the algo, but rather, they will build that casino to make more money for themselves.

[Z_MBFM]

Crypto gambling or web 3.0 casinos are a new thing in gambling industry, in general. Indeed it is something which shows quite of an advancement in this industry but we, in this industry, have known such thing for years. It's biggest advantage over traditional gambling platforms is being safe from taxation given that withdrawals and deposits would be done through blockchain but other than that is exposing bigger risk. You are not only at risk for gambling but also with market price changes, therefore not all things are in a positive direction with web 3.0. Gas fees are sometimes high as well. With regards to privacy, KYC is also being implied to many crypto gambling site, so what's your take? Is it still a pro or not?

We have known the concept of web3 casino sites for a long time and some web3 casino sites are already in the market and will come in the future. They have nothing to do with kyc issues, without kyc you can gamble here anonymously, but where there are more advantages, there are also more disadvantages. Scammers take advantage of the gambling industry to do a lot of big fraud because there are a lot of big scams. Since everyone is anonymous in web3 casino, scammers will have more opportunities to scam here.  Again connecting the wallet will be very risky there, our wallets can be hacked through Metamask connect. So I think centralized casinos are more fun because the live support is very good so if there is a problem it can be solved quickly.

[Coin_trader]

We have known the concept of web3 casino sites for a long time and some web3 casino sites are already in the market and will come in the future. They have nothing to do with kyc issues, without kyc you can gamble here anonymously, but where there are more advantages, there are also more disadvantages. Scammers take advantage of the gambling industry to do a lot of big fraud because there are a lot of big scams. Since everyone is anonymous in web3 casino, scammers will have more opportunities to scam here.  Again connecting the wallet will be very risky there, our wallets can be hacked through Metamask connect. So I think centralized casinos are more fun because the live support is very good so if there is a problem it can be solved quickly.

Current web3.0 casinos are not fully decentralized. They are just using partial web3 technology through the feature of connecting directly a web3 wallet on the casino but still the balance is needed to be sent on the casino balance that ends the decentralized part.

Most of web3 casino has a gambling which is inevitable for them in able to stay in business legally without encountering legal problems in the future. Besides, gamblers preferred playing on license casino since this is the sign now for a “trusted” casino since no license casino often turn into scam.

I believe fully decentralized web3 casino will never materialize since even defi is now being regulated just to stay alive in the market due to legal concerns.

[ultrloa]

Crypto gambling or web 3.0 casinos are a new thing in gambling industry, in general. Indeed it is something which shows quite of an advancement in this industry but we, in this industry, have known such thing for years. It's biggest advantage over traditional gambling platforms is being safe from taxation given that withdrawals and deposits would be done through blockchain but other than that is exposing bigger risk. You are not only at risk for gambling but also with market price changes, therefore not all things are in a positive direction with web 3.0. Gas fees are sometimes high as well. With regards to privacy, KYC is also being implied to many crypto gambling site, so what's your take? Is it still a pro or not?

We have known the concept of web3 casino sites for a long time and some web3 casino sites are already in the market and will come in the future. They have nothing to do with kyc issues, without kyc you can gamble here anonymously, but where there are more advantages, there are also more disadvantages. Scammers take advantage of the gambling industry to do a lot of big fraud because there are a lot of big scams. Since everyone is anonymous in web3 casino, scammers will have more opportunities to scam here. 

That provably the risk of web3 casinos so with those cases of possible hacking or scamming we should be more selective on those casinos offering their services here. But so far there is a successful casino running here and so far lots of people are enjoying to participate on different activities happening there. Although I can't mentioned the name since maybe it could catch the interest of people so its up for them to search that casino.

Also what I'm worried is the possibilities of web3 casino for frauds or money laundering schemes so hopefully we will not came to the point that these technology will be tag as illegal by the government since it help scammers to wash their money. I like web3 to succeed since somehow it could able to protect the privacy of people since most of web3 casino doesn't required yet a KYC to their costumers that's why people are looking at them as good alternative especially if they don't like to undergo on that KYC process asked by some casino.

[AHOYBRAUSE]

Why do people even comment on this wannabe blog post but the useless nitrobetting guy, I don't get it.

Rise of crypto betting, it's basically on top already and only growing more. And nitrobetting, even though starting early with crypto is a terrible site which scammed their users in the past, before they rebranded from nitrogen sports to nitrobetting.

[erep]

Current web3.0 casinos are not fully decentralized. They are just using partial web3 technology through the feature of connecting directly a web3 wallet on the casino but still the balance is needed to be sent on the casino balance that ends the decentralized part.

Most of web3 casino has a gambling which is inevitable for them in able to stay in business legally without encountering legal problems in the future. Besides, gamblers preferred playing on license casino since this is the sign now for a “trusted” casino since no license casino often turn into scam.

I believe fully decentralized web3 casino will never materialize since even defi is now being regulated just to stay alive in the market due to legal concerns.

The casino platform is different from other project concepts in that it easily adapts to new development concepts, although some casinos have adopted web3.0 casinos with various new feature developments and the most superior decentralized concept, but as you said, it is not completely decentralized if we have to send balances to the casino wallet.

The main review of casino platforms is based on trust and ratings so gamblers rarely substitute other casino platforms even if other casinos are better and have been decentralized, but trust and fair play must come first to determine gambling at the right casino.

[Mr.right85]

Why do people even comment on this wannabe blog post but the useless nitrobetting guy, I don't get it.

Rise of crypto betting, it's basically on top already and only growing more. And nitrobetting, even though starting early with crypto is a terrible site which scammed their users in the past, before they rebranded from nitrogen sports to nitrobetting.

Good thing names aren’t easily changed on the platform and as such, someone familiar with past histories is always going to come. That’s the part where you come in but, people are here for the thread’s title and pay less attention to the guy in question, he doesn’t seem to be promoting anything here either neither, is anyone getting a blog out of a thread, seriously, in Bitcointalkforum… it would be the first of its kind.

Staying on topic; most gamblers want a safe and comfortable to gamble, even have taxes free gambling experiences and cryptocurrency gambling seems to have all that covered. Having to answer why not gamble on crypto casinos/bookies would give you reasons to.

[Dr.Bitcoin_Strange]

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

Well, apart from Web 3 casinos, other online casinos also request for customers original details during registration and KYC verification, just as the traditional casino would also request those details. Cryoto casino that allows gamblers to use the casino without knowing their original details is only on Web 3. There are some regulated crypto casinos or shady crypto casinos that can actually get customer details and sell them to scammers, or the casino could either be hacked and customer details could be leaked. 

[MainMan79]

Pretty sad that in 2024 noone has yet come up with a simple concept of just checking 2FA and user's device, for unlimited access and 100% KYC Free experience for gamblers.

Gambling commissions are generally leeches, and the only problem is that people who can truly afford to run such a casino (Elon Musks and Jeff Bezos's of the world) have no interest in colliding with governments - specifically, the U.S. DOJ - in order to 'just be associated with the best modern casino possible'.

I would trust my money to a Musk-branded casino, and so would you.

And it would cost him 10% of what he paid for Twitter X.

[Dunamisx]

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

Well, apart from Web 3 casinos, other online casinos also request for customers original details during registration and KYC verification, just as the traditional casino would also request those details. Cryoto casino that allows gamblers to use the casino without knowing their original details is only on Web 3. There are some regulated crypto casinos or shady crypto casinos that can actually get customer details and sell them to scammers, or the casino could either be hacked and customer details could be leaked. 

We have to play safe in everything we do, gambling is for fun and we should not only go after the fun leaving our privacy behind, as you have pointed out, we cant afford to make use of the gambling platform that will be a total discomfort upon us since we know that whatever information release to them are not hundred percent safe, they can decide on doing anything with them at their own pleasure or convenience while at our own detriment.