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Online gambling is changing, in fact, many in the iGaming space would argue that it’s already changed. And crypto is the key driver responsible for much of that transformation. Indeed, the emergence of crypto casinos is one of the most exciting developments witnessed in recent times in the industry.
Instead of using fiat currencies, these websites employ digital currencies such as Bitcoin and Ethereum – to name but two of the most common – for betting. It seems like there’s a lot of potential in the new gambling sector that uses cryptocurrencies for gamers and investors alike.
Perhaps Donald Trump will further increase the interest in crypto after being sworn in as president in January 2025. He already seems to have confidence that he’s one of the reasons for Bitcoin hitting 100,000 USD in the beginning of December. Another reason might be that the SEC is getting rid of Gary Gensler and replacing him with a considerably more crypto-friendly Paul Atkins, writes Yahoo indirectly.However, what’s at the heart of the recent change into crypto, not the least for gambling related firms? Let’s dive in!
A New Way to Gamble
Cryptocurrency casinos provide a new way to gamble over the internet. In this case, players don’t have to use any of the conventional methods of payments such as the credit cards and bank transfers among others; instead, they’re encouraged to stake in the form of digital money.
The following are some of its benefits:
Fast Transactions: With crypto, deposits and withdrawals can happen almost instantly, compared to the sometimes lengthy processing times for certain fiat methods.
Lower Fees: The utilization of cryptocurrencies can lower the charges on transactions that are usually imposed by financial institutions and payment service providers.
Anonymity: Many ‘no KYC’ crypto casinos do not ask for the personal information from their players. Attractive because it’s possible to keep your gambling activities private.
These benefits – and plenty more that we’ll highlight – make crypto casinos an attractive option for many gamblers who are looking for more convenient and secure ways to play.
For players and investors eager to explore the world of crypto casinos, finding reliable information can be a challenge. Review sites like Cryptolists are a great help, and this one in particular offers something more valuable than most others: it keeps track of the huge range of newly launched crypto casinos with a strong focus on precision. Between two and three time a week, new brands seem to be released in this space.
In fact, Cryptolists has cataloged over 150 new crypto casinos that’ve launched in the past 12 months alone. That’s more than any other review site, according to a quick checkup where the 20 biggest review sites in this niche – in terms of search engine visibility – were compared. What’s expected for 2025? Well, “if crypto continues to rise in the first half of 2025 when Trump takes office, then even more sites are likely to go live”, says Markus Jalmerot, co-founder of the Crypto Lists website.
Global Accessibility unless it’s blocked
On the one hand, the fact that crypto casinos are available worldwide is among their biggest selling points, unquestionably. Geographical limitations can affect traditional online casinos, with some countries blocking them or subjecting them to lots of restrictions on bonuses and other similar elements.
On the other hand, since they are often decentralized in certain cases, there are few restrictions in most cases for crypto casinos. You can place bets on games regardless of your location as long as there’s internet and you have some cryptocurrencies in your wallet. This libertine freedom is indeed appealing for a certain type of person but it can also lead to irresponsibility and problem gambling. Luckily, there are many organisations dealing with safer gambling practices and the UK is probably at the forefront here. For instance, there is a website called Safer Gambling UK that helps people to block gambling websites, while Gamble Aware gives advice on how to handle self exclusion from crypto casino gambling.
The Appeal for Investors
Investors are also being drawn in by crypto casinos, so it’s not only the players. This is because of both the increasing mainstream acceptance of cryptocurrencies (and the technology that underpins them) and more individuals trying out crypto casinos every day. This has resulted in an investment opportunity that’s fairly unprecedented. See below for some explanations:
Rising Popularity of Cryptocurrencies: As more people adopt digital currencies, the market for crypto-based services, including gambling, continues to expand.
Blockchain Technology: The use of blockchain in crypto casinos means that every transaction is transparent and recorded, reducing the chances of fraud. This trust factor can make the more regulated crypto casinos appealing to investors.
Potential for Growth: With the gambling industry already worth billions, the integration of cryptocurrencies into this space has already led to significant growth opportunities.
For investors, getting involved early in a growing market like crypto casinos can be a way to tap into a potentially lucrative sector.
Challenges to Consider
Just as it is with emerging sectors, crypto casinos are faced with various issues. The greatest of these is the question of regulation. Due to the fact that quite a lot of crypto casinos work in an ambiguous legal space, individuals who invest or play should know what is permissible under the law of their land. None of the big regulators in Europe (such as MGA and UKGC) managed to accept cryptocurrencies as a deposit method. The only ones that really accept crypto on a large and regulated scale are the less regulated Curacao eGaming and the small and even less trusted Gaming Control from Anjuan. However, many industry experts obviously question the lack of licensing for new crypto casino sites, but luckily it might change in 2025 when the European initiative Markets In Crypto-Assets Regulation (MICA) officially goes live. Obviously, it will take some time for casino sites and licensing bodies to adopt, but perhaps in the end of 2025 there will be less challenges and more regulation and licensing for crypto accepting businesses.On top of that, cryptocurrencies are highly unpredictable assets, so players and investors should handle them carefully too. Volatility is essentially guaranteed.
Summary
The rise of crypto casinos is creating a different kind of space in online betting where people can place their bets in a fast, safe and private manner. To the gamblers, these provide faster, safer and more confidential ways through which they can gamble from anywhere in the world. However, from an investor’s perspective, there exists untapped potential for expansion within this rapidly growing sector. Even though there are certain risks to consider, the development of crypto casinos indicates an exciting new chapter for players and investors who believe in the advancement of this kind of entertainment.
