Predictions and Trends for Crypto Gambling in 2024

[nitrobetting]

1. A crypto gambling fork will emerge
In the crypto world, a fork happens when some users of a specific blockchain, some community members, disagree with other members of the community. What happens is those who disagree fork a crypto, creating a second currency.

This happened to Ethereum in 2016 when the crypto went through a hard fork, which means certain nodes (computers) on the network disagreed with Vatalik Buterin’s plans to turn Ethereum into a proof of stake instead of proof of work protocol.

A fork in the crypto gambling industry will occur in 2024 where players have to decide if they wish continue to play with a decentralized organization like Nitrobetting or a centralized organization like most online sports betting companies.

Although a sportsbook may accept bitcoin, it doesn’t mean it is decentralized. For example, American based U.S. sportsbooks require you to give them your social security number, which goes against Satoshi’s entire concept of Bitcoin as being decentralized and anonymous when he created the blockchain in February 2009.

Players will have to make a choice. Do they wish to be a part of the truly decentralized gambling world? Or do they wish to remain part of a centralized gambling world that accepts crypto currency as a means of payment?

2. Individual sovereignty will become a buzzword among crypto gamblers
For many gamblers, the predicted crypto gambling hard fork will result in running to online sportsbooks and casinos like NitroBetting, which require an email address to open an account and which are truly decentralized.

Another way to describe this is to use the words individual sovereignty. Crypto natives, true crypto believers, have a deep rooted sense of personal freedom and personal responsibility – – they believe they are the caretakers of their world.

Sports bettors, casino players, gamblers of all persuasion, share the same belief of personal freedom, especially when it comes to their finances. The words individual sovereignty will become a buzzword for those players who choose truly decentralized gambling.

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[Yatsan]

I am honestly not aware of this crypto gambling fork. But forks do happen indeed with cryptocurrencies however
it Would be more for sportsbetting, I believe. More sports are being added and also with ideas regarding tools to create a more accurate betting outcome. Actually, it would be hard to determine what would be the next trend for this industry but I hope acceptance to more countries would be included on futuristic advancements and developments. A lot of this potential improvements for cryptogambling industry would be also dependent with adoption of cryptocurrencies or this industry in general.

[Cantsay]

1. A crypto gambling fork will emerge

A crypto gambling fork? This is actually strange to me and just as the post above mine stated it’s common in the crypto space to encounter forks but for gambling industry sounds odd to me.

If you don’t mind Op, have there been a fork in the gambling industry? Or is this the first one to have ever been predicted? If it has happened before can you please share material/links for us to know more about it.

Edit:

I just did a quick search and I was unable to find anything related to it.

[ralle14]

I'm confused about the fork part, i've seen a few decentralized sportsbooks, but I can't easily say they're forks when they don't share a lot of similarities with most of the centralized sportsbooks. It'll be good if a crypto gambling fork means we'll see more non-KYC sportsbooks because most of the top sportsbooks are currently in between, where they don't require KYC but can still force their players to submit it if needed. Tbh, I think we're going the other way around with more gambling sites encouraging their players to get verified.

[Darker45]

I don't know whether what you're promoting is truly decentralized or not, as we all know many platform have been falsely claiming to be decentralized, but I agree that there will come a time when decentralization would become a bigger player in the crypto gambling industry.

But I don't think this is a fork. Well, you must have used it as a metaphor, but the main point with a fork is that it is generally a copy of the original version, which I guess a truly decentralized gambling platform is not, in relation to centralized gambling platforms.

[ethereumhunter]

Every gambler has the right to determine what they want in gambling. And whether they will still choose a fiat-based casino or switch to a crypto-based casino, it's their choice and they should already know the risks for each choice. But the main risk is that they can still experience defeat regardless of the casino they use, so they must understand that playing gambling is just for fun.

The trend of gambling will probably increase in 2024 because many crypto-based projects will be launched including crypto-based projects for gambling. And while it may seem like the gambling industry hasn't developed much at the moment, it has in recent years. So every year, developments will occur in the gambling industry. And KYC will be the concern of every gambler who will choose a casino and they need to pay attention and look for a trusted casino so that problems don't occur later.

[davis196]

Nice try promoting your own website by adding it to a forum discussion.
I don't think that such "gambling fork" will happen in 2024. The crypto gambling industry will stay pretty much the same in the upcoming years. Most casinos and sportsbooks will remain centralized and the vast majority of the gamblers wouldn't mind using a centralized platform.
If your platform Nitrobetting really is so revolutionary(just because you claim that it's decentralized), then why it still isn't the most popular gambling platform in the world right now?
Don't get me wrong. I also want more decentralized gambling. I'm sick of all those horror stories of gamblers getting scammed and not getting their money out of the casinos. Unfortunately, things simply won't change that fast in the gambling industry.

[tusandii]

I am honestly not aware of this crypto gambling fork. But forks do happen indeed with cryptocurrencies however
it Would be more for sportsbetting, I believe. More sports are being added and also with ideas regarding tools to create a more accurate betting outcome. Actually, it would be hard to determine what would be the next trend for this industry but I hope acceptance to more countries would be included on futuristic advancements and developments. A lot of this potential improvements for cryptogambling industry would be also dependent with adoption of cryptocurrencies or this industry in general.

In fact, the branching of the use of crypto for gambling has occurred since a few years ago, even if crypto is said as a legal means of payment, it is far ahead of the development of crypto gambling, considering that for payments only there are only one or two countries that have permitted this.
Now times have changed, technological developments are growing rapidly and from there cryptocurrency assets are also expanding wings to spread widely in many forms of major developments.
But this actually has a positive impact on the development of crypto because more and more people will know and adopt crypto for some of their interests, especially for gambling or betting.
For the next trend, it might be difficult to predict because crypto is an asset that has a value from lowest to highest but has no real form, so maybe the development of the next trend is that more and more countries will legalize crypto as a legal means of payment and can use crypto to gamble in casinos. land based or traditional casino.
We are all definitely waiting for this kind of successful development and with the support of everyone who leverages crypto I am sure the development will be faster and easier.

[iv4n]

Players will have to make a choice. Do they wish to be a part of the truly decentralized gambling world? Or do they wish to remain part of a centralized gambling world that accepts crypto currency as a means of payment?

Well, it's the same with trading platforms... in the end, centralized ones offer a lot more than decentralized ones, and we know what the majority of people prefer.

Maybe that "fork" is coming, but not so soon in my opinion... I can only say that it's great as long as there are casinos without mandatory KYC.

[swogerino]

I don't think we will have a fork.Some people in here liked directbet.eu before as in there it was a completely decentralized platform and no KYC was involved but it was only for sport betting,for casinos I don't know anyone of them offering such thing.

Most people though like a reputable casino which maybe centralized and ask for KYC but they feel safe that nothing will happen to them as the casino has been here for a really long time while the platform like the one mentioned above from me just disappeared without reason,they did not take any money from people but they also gave no reason as why they went offline or the reason for me was not that valid anyway.

[Westinhome]

I don't think we will have a fork.Some people in here liked directbet.eu before as in there it was a completely decentralized platform and no KYC was involved but it was only for sport betting,for casinos I don't know anyone of them offering such thing.

Most people though like a reputable casino which maybe centralized and ask for KYC but they feel safe that nothing will happen to them as the casino has been here for a really long time while the platform like the one mentioned above from me just disappeared without reason,they did not take any money from people but they also gave no reason as why they went offline or the reason for me was not that valid anyway.

The gambling site with the kyc is most prefer by the experienced gamblers.The most of the sports bet based gambling will have kyc as the mandatory one.The gambling website should contain both the sports bet and normal games like dice and slots.Because the taste of the gamblers will always oscillate,So he had a idea to play the sports bet.If the gambling site doesn't have the sports bet,Surely the gambler will look into the new gambling sites.In order to avoid such things,it is most essential to have large numbers of game in the gambling sites.

[AmoreJaz]

I don't think we will have a fork.Some people in here liked directbet.eu before as in there it was a completely decentralized platform and no KYC was involved but it was only for sport betting,for casinos I don't know anyone of them offering such thing.

Most people though like a reputable casino which maybe centralized and ask for KYC but they feel safe that nothing will happen to them as the casino has been here for a really long time while the platform like the one mentioned above from me just disappeared without reason,they did not take any money from people but they also gave no reason as why they went offline or the reason for me was not that valid anyway.

The gambling site with the kyc is most prefer by the experienced gamblers.The most of the sports bet based gambling will have kyc as the mandatory one.The gambling website should contain both the sports bet and normal games like dice and slots.Because the taste of the gamblers will always oscillate,So he had a idea to play the sports bet.If the gambling site doesn't have the sports bet,Surely the gambler will look into the new gambling sites.In order to avoid such things,it is most essential to have large numbers of game in the gambling sites.

i believe the reason why a lot of gamblers are now accepting the fact that they need to submit kyc to these centralised casinos is that they have good security of their accounts. that's the price of using this type of casino. however, you are assure that your funds are safe if you are only playing on a reputable casino. but the chance of being screwed is always there depending on a case-to-case basis. most gamblers are now accepting the reality that centralised casinos need to ask kyc credentials to abide with the government regulations.

[X-ray]

What the hell is crypto gambling fork? It's sounds very strange. The thing you mentioned won't come to be. The crypto gambling fork may refers to new platforms that copy old ones and add the term decentralized to lure people, which is bullshit.

You were just making it become even more complicated by saying "Crypto gambling fork". Just make it easy, dude.

[Wexnident]

~

Ok, a split can happen (to be fair said split should already be a thing) between people playing centralized and decentralized sports betting, but in no way will a "fork" like in blockchain would happen. People will simply play in whatever type of bookie they want, simple as that. No need to use a fancy word for it. And to be fair, aren't most bookies, even crypto-related ones, centralized already due to KYC? At least decentralized ones are in the minority (if they even exist).

As for the 2nd argument, just no.

[maydna]

Crypto fork has nothing to do with gambling because it will depend on each community. The concern is whether the casino will support the branching of the coin or stick with the coins in the casino.

What makes gamblers decide to play in a decentralized or centralized casino is the gambler himself, and it has nothing to do with gambling. Gamblers may choose a decentralized casino like the existing popular casinos because they don't need to do KYC even though KYC has now started to be implemented for casino members. But it's this KYC issue that differentiates between decentralized and centralized casinos.

Crypto gamblers are anonymous gamblers who only need an email and password to register at a casino. Or they just need a wallet that connects directly to the casino.

[Fivestar4everMVP]

@op, your analogy of a hard fork and gambling fork is totally off key my friend, a crypto hard fork has absolutely nothing to do with gambling, I wonder where you got such comparison from..

Anyways, whether gamblers decided to play on a decentralized casino or centralized one  all depends on us individually, cus even till today, centralized exchanges still has the highest trading volume in the entire cryptocurrency trading market , so don't expect decentralized casino to get adopted so quickly , such things as this take a lot of time my friend .

[dothebeats]

'Crypto gambling fork' doesn't make much sense to me. There had always been that divide between centralized and decentralized platforms over the course of crypto's existence, and it also exists in crypto gambling. I don't think gamblers will face a very huge decision of choosing between a decentralized or centralized platform as they know that the latter provides a lot more value to their money and also a lot more promotions compared to the former. Also, let's face it, centralized platforms are more reliable and a lot more polished than decentralized gambling platforms - at least in my experience.

[cryptomaniac_xxx]

'Crypto gambling fork' doesn't make much sense to me. There had always been that divide between centralized and decentralized platforms over the course of crypto's existence, and it also exists in crypto gambling. I don't think gamblers will face a very huge decision of choosing between a decentralized or centralized platform as they know that the latter provides a lot more value to their money and also a lot more promotions compared to the former. Also, let's face it, centralized platforms are more reliable and a lot more polished than decentralized gambling platforms - at least in my experience.

Yes, I also doesn't understand it, we don't need to fork gambling, I mean for me, it's either fiat or crypto based gambling platform, simple as that. And for sure majority of us here wanted to play in crypto based casinos as this is what the world that we live in right now.

Although there are options to go out in a regular fiat based or traditional based casinos, but for me, I'm ok with playing at home with crypto. Maybe just go out in few occasions and play but that's it.

Almost all crypto based gambling platform though seems to be centralized already.

[darkangel11]

So according to you, a choice means a fork. Because people were forced to make a choice between the chains of ETH, so if they're making a choice between various services it's a fork as well.
Does that mean that if I choose Pepsi over CocaCola I'm forking it?
Maybe a gambling choice will be a better example. If I choose to play at a casino that accepts bitcoin only over the one that accepts altcoins, I'm forking something in the process. Sounds ridiculous to me.

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I can't.

Sorry, you have been blocked
You are unable to access nitrobetting.eu

[rdluffy]

I think the term hardfork can confuse people a little 
As I understand it, you're talking about a decentralized betting website
Are you the owner of the site?
If so, you can explain more about how it works, what the advantages are, what guarantees bettors have and why you think it would be like a "hardfork" of traditional betting sites?

But the ideal thing here on the forum is to always make it clear whether you're promoting the site, whether you're part of the staff or whether you're just a customer.