Opinion on crypto casino project

[YOSHIE]

I'm interested to launch a crypto casino and I'd like to get your opinion.

His opinion is quite simple.
1. Try to create an online crypto casino first.
2. Enter the main payment and deposit options of Bitcoin and some other types of crypto.
3. Make your gambling platform easy to use on all devices, Android and so on.
4. Prepare a lot of capital, to pay for people's wins.
5. And read the rules on this forum and the rules about online casinos well before they are released.
6. The important thing is fair and honest for your casino users, that's important.
7. and many other things you need to see and learn.

Bottom line: creating an online casino is easy, the difficulty is to develop it fairly and honestly, there are many casinos that run after 1-5 months, because of the bad actions of their team / operator, included the greed of casino owners.
remember don't let the players down in your casino once you've made the whole thing.

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[Solosanz]

You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.

[itchiba]

You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.

Yes you're right, there's no correlation between the two, it was only a point of reference for a decentralised platform with a seamless use.

[Ziskinberg]

A real decentralised crypto casino platform - 100% anonymous.

I'd like to share my perspective on the platform you're considering developing. A decentralized casino, by its nature, suggests a lack of regulation, potentially raising concerns about legality. How can you assure the viability of this platform when gamblers might hesitate due to the fear of engaging with an illegal casino?

In truth, if there was substantial demand for decentralized casinos, it's likely that numerous such casinos would already exist and enjoy popularity. Presently, I haven't come across a widely recognized casino operating on a similar platform. Please understand that I don't mean to be offensive, but it appears that this idea might already be considered outdated.

[Fivestar4everMVP]

You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.

Well, i think you are wrong, for me, i believe its still possible to build a decentralized casino and still be able to accept Bitcoin deposits and withdrawal even though the decentralized casino is running on a blockchain like Ethereum, Binance smart chain, Polygon, Renec Blockchain, Solana or any other chain, for purposes like this is why WBTC exist in the first place, but just incase the decentralized casino owners want to make it possible for their users to deposit and withdraw the real bitcoin, then they would have to build a separate deposit and withdrawal system specially for bitcoin, this can enable users to deposit and withdraw in real bitcoin, but then, i am not sure this deposit and withdrawal system will be decentralized like it is for the other coins.

[Eureka_07]

<snip>

The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

[Fivestar4everMVP]

<snip>

The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

Like I've said in one of my previous comments, many do sought after anonymity and privacy when it comes to gambling, and the only way to sort this out is through the building and development of decentralized casinos, but then and unfortunately, the patronage on decentralized casino has been nothing to write home about, that is, patronage for me has been zero, and I think this is due to the fact that the playing experience on decentralized casinos are currently nothing near comparing to playing on centralized casino, remember the popular saying that "to whom much is given, much is also expected", Imagine playing slot game on a decentralized casino and having to pay for gas for every single time you click the Spin button? how feasible is that? and also think about after spending so much on gas fees, and you still end up winning nothing?. decentralized casinos have a long way to go before they become truly usable like their centralized counterpart.

[Distinctin]

If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

They would certainly not agree with the idea, as the government aims to regulate things. Cryptocurrency is supposed to promote full anonymity, which differentiates it from centralized systems. However, with government intervention and regulations, us gamblers are heavily affected, and we need to comply if we want to avoid lawsuits.

It's a challenge for this plan project to succeed, so I'm closely monitoring their developments.

Hopefully, it will progress as expected by OP, and our fears and doubts won't materialize.

[Doan9269]

The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

The government has no decision in making their choice here since they are going to go decentralized, most of the cases whereby government make much interfering to their decision is when they are centralized and being regulated by government, with how things are going today with the digital development in cryptocurrency, gambling is not what the government should have much say in making decisions on how the casinos should operate.

[Yatsan]

Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

Well, you're right but quite missing some points. Every gambling sit or online casinos could give huge offers to welcome new players in their platform. They could also provide the same kind of games if that would be the demand but what keeps a casino alive is its players' loyalty. How would the players stay in one site? Quality of service. This is somewhat being forgotten by new ones in this industry but I believe this is the most important thing a casino should have. No delays with payments, less issues with fraud, and no cheating instances. This would establish a trust from your players and that will eventually be your edge over others.

[so98nn]

Welcome to forum and good to know you are dreaming about your own casino. It sounds more fun when it comes to having decentralised casino because these days there is heavy war between the players and their casinos due to burden of submitting the KYC. Some of them are going so harsh that they have segregated the KYC process in various levels where one could be starting point and level 4 or something would be harassment one. Lolz. We surely need more decentralised casinos now because of the reason I mentioned above. Apart from this we are also in need of trusted brands because peeps were left speechless when casino like Betnomi failed us and shown us that no matter how big is the brand we can’t trust it. Only few are left out that we can trust for sure. Hope so you make better version and trusted one.

[Hispo]

A real decentralised crypto casino platform - 100% anonymous.

I'd like to share my perspective on the platform you're considering developing. A decentralized casino, by its nature, suggests a lack of regulation, potentially raising concerns about legality. How can you assure the viability of this platform when gamblers might hesitate due to the fear of engaging with an illegal casino?

A truly decentralized casino will be used to launder money, no doubt about it, and that would be only the tip of the iceberg.

Assuming his decentralized casino ended up being popular enough and attracted many gamblers, eventually authorities would try to shut it down unless OP complied with KYC or even try to block deposits from blacklisted addresses or wallets.

In that context, it would be difficult for a decentralized casino to become a big player within the gambling industry. Sure, this idea is not new that is why we can find some small casinos spread around. People like OP, who are eager to start their own business must first wonder why the biggest casinos are centralized and why we have not seen yet a on-chain casino as big as freebitcoin, Stake or others which have been around for a while.

[itchiba]

Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

Well, you're right but quite missing some points. Every gambling sit or online casinos could give huge offers to welcome new players in their platform. They could also provide the same kind of games if that would be the demand but what keeps a casino alive is its players' loyalty. How would the players stay in one site? Quality of service. This is somewhat being forgotten by new ones in this industry but I believe this is the most important thing a casino should have. No delays with payments, less issues with fraud, and no cheating instances. This would establish a trust from your players and that will eventually be your edge over others.

Yes, so quality of service is one the thing that comes back a lot in this thread. When you compare it to big players like stake, roobet, etc .. What can be improved on the quality of their service ?

[dezoel]

I don't want to discourage you but the online gambling industry is too saturated, and to take a place where you will run a successful and profitable business will definitely be a difficult thing to do, not to mention the intervention from the authorities even if the platform is decentralized and doesn't have a license. I read somewhere that the authorities have said that they will soon start regulating decentralized platforms as well, so they will probably start the hunt soon.

However, keeping everything apart, you might have a shot if you actually manage to build a platform that will be 100% decentralized and will offer unique and engaging games for the players that they might have never played before, that might get you a good enough user base to keep your platform going.

[abel1337]

Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

Probably fair is a standard feature and not an uncommon one. All of the casino should have it given that fairness is always needed to justified but it doesn't mean gamblers would play on a casino because you have are using probably fair games. Centralized and decentralized casino has their own advantage and disadvantages, one thing I think why decentralized casino is not that popular on gamblers are the fees which is absurd after spending a lot of time on a decentralized casinos. People can't get it all. Centralized casino will be stucked at requiring KYC and decentralized is will be stuck in high combined gas fees.

[Westinhome]

If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.

[danadc]

If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.

I think that this depends a lot on the type of game that they can offer in the casino, when I was starting out, the only casino that I liked to play and that I felt safe was in freebitcoi and so I lost, I was still there, and I was not bored at all , and there were even good communities everywhere, in facebook groups on youtube and in many sites where there were people who were dice fans, I think that if they make a game that is good and basic enough, if they are going to have a lot of community, and if they do it without kyc demands because they have the world insured or surrendered at their feet, I would think about that first.

[Cling18]

If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.

Continuous improvement and innovation are necessary these days so casinos could keep their players. They have to build a good reputation to gain trust first because no matter how many games they may have if they aren't reputable, players will still avoid them.
They have to ensure first that they are providing good services so they can please their gamblers.
I agree that having more games to make the casinos site more exciting has a huge advantage. It is important that they always keep the excitement on the site by also running good promotions and bonuses. Most gamblers who find a casino site boring usually look for another casino that provides more exciting games. They should know the demand of their players so they will know the developments and improvements that they can make to help their casino grow even more.

[Onyeeze]

People will be happy for you to launch a new casino gambling platform, because I know very well that gambling is all about having a good platform and good reputation, and mostly what makes people to like a particular casino website is because of how active is the site, because gamblers dislike the situation whereby when you gambles to a particular gambling website and their is no delay of deposit and also no delay of withdrawal the gamblers will consider the gambling website as a preferable website, and the team for live chat should be active so that any complain given by the people patronising the gambling platform should be fast resolved. And secondly for this casino to have more firm in this site they have to launch a signature campaign so through the signature people can get aware of the site

[Hamphser]

I'm interested to launch a crypto casino and I'd like to get your opinion.

His opinion is quite simple.
1. Try to create an online crypto casino first.
2. Enter the main payment and deposit options of Bitcoin and some other types of crypto.
3. Make your gambling platform easy to use on all devices, Android and so on.
4. Prepare a lot of capital, to pay for people's wins.
5. And read the rules on this forum and the rules about online casinos well before they are released.
6. The important thing is fair and honest for your casino users, that's important.
7. and many other things you need to see and learn.

Bottom line: creating an online casino is easy, the difficulty is to develop it fairly and honestly, there are many casinos that run after 1-5 months, because of the bad actions of their team / operator, included the greed of casino owners.
remember don't let the players down in your casino once you've made the whole thing.

Adding up.

8. NO KYC
9. Instant deposits
10. Wide variety of games or something unique as possible
11. Make active or aggressive marketing

Lots of factors which would really be needing for you to be able to launch up a project specially on gambling which we know that competition is really that high.
We are really that trying our best on getting that marketshare but of course everything would really be depending or varying on your sites offering whether it is really that
attractive and something that interesting than with those current existing.

Just bare in mind that there's no assurance about success despite on following those points above because the main thing that would really be mattering is on how
you do hook up the interest of the people around to play into your platform. If they do see for it to be shit then it would definitely be ignored.