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Predictions for Crypto Gambling in 2023

Posted on January 2, 2023 by Laura P.

Making accurate forecasts is still a complex and sometimes futile exercise. A change in rhythm from the booming years of 2020 and 2021 for the gaming industry was unexpected in 2022. As far as gaming happenings go, it was perhaps one of the most shocking.

Our experiences throughout the pandemic have left us with a perspective on the future that is equal parts pessimistic and optimistic. Nevertheless, because of the interconnected nature of factors like governmental restrictions, technological advancements, and market trends, it remains hard to make accurate predictions about the future of online gambling.

Once you add the murky world of cryptocurrency gambling to the mix, things get even more complicated. But with this information at hand, we can at least attempt to draw a rough outline of our expectations for the sector.

Potential developments in 2023 could include:

More expansion. – Over the last few years, crypto gaming has seen explosive development, and this upward trend is expected to continue in 2023 as more people get aware of cryptocurrency and as technology continues to advance.

Regulatory developments. – There has been a rise in the number of nations enacting stricter laws regarding online gambling, including that which involves the use of cryptocurrency. Possible steps include tightening up on licensing standards, strengthening player safeguards, and increasing security.

New and exciting platforms. – There will certainly be additional crypto-gambling platforms developed to suit the rising demand for these kinds of games as the crypto-gambling business expands. Possible differentiating factors among these platforms include the availability of new features and developments.

Another Difficult Year for Crypto?

While the popularity of crypto gaming has increased dramatically over the last few years, it is no secret that cryptocurrency is very unpredictable. The development of the industry as a whole will unquestionably be affected by this.

Even as this turbulent year for cryptocurrencies comes to a close, industry insiders anticipate more trouble for crypto investors in 2023 due to the arrival of new problems and the persistence of residual worries. The aftermath of the “crypto winter” of 2022 is projected to reverberate strongly into 2023 and even 2024, and most crypto specialists do not see a bright future for the industry in the next year.

The outlook for 2023 is equally bleak, and the hope that cryptocurrency investment might be a “get rich quick” scheme evaporated in 2022. After a difficult year, few industry insiders are optimistic about a significant cryptocurrency rally happening anytime soon.

Betting on the 2022 World Cup with Cryptocurrencies

Posted on December 2, 2022December 1, 2022 by Laura P.

With the world’s biggest sports betting event taking place in Qatar over the next several weeks, the sector might see even more disruption.

The World Cup, like the Super Bowl or the Wimbledon final, is one of those exceptional athletic events that manages to pique the curiosity of people across the globe. It is hardly shocking that this is also a major development in the world of sports betting. For example, the astronomical sum of $133.7 billion was wagered on the 2018 World Cup, which was hosted in Russia.

In comparison to the about $6 billion bet on the most recent Super Bowl, the World Cup finals took in around $8.2 billion. According to analysts in the industry, the amount of money wagered on the Qatar 2022 games will most likely far exceed the amount wagered on Russia 2018.

Significant Four-Year Shift

Only a small fraction of the betting market in 2018 cared about the World Cup in terms of cryptocurrency use for the same. Additionally, most of the participants were early adopters and industry veterans in the cryptocurrency sector.

Much has changed in that segment of the gambling industry in the space of only four short years. Sports bettors and casino gamers alike are increasingly turning to digital currencies like Bitcoin and Ethereum for their wagering and gaming needs.

Additionally, the development of crypto-friendly online gaming platforms is being spurred by this need. Along with more conventional payment options like credit cards and e-wallets, more and more well-known firms are beginning to accept Bitcoin as payment.

Lots More to Look Forward To

However, the World Cup is not drawing attention to cryptocurrencies because of sports betting alone. Many prominent bitcoin companies are now sponsors, and this has drawn criticism. Because of the volatility of the bitcoin market in the last several years, this is to be anticipated.

Case in point, one large cryptocurrency exchange recently announced that it would no longer be continuing its nearly $500 million sponsorship of FIFA over five years. Furthermore, Everton fans have asked the club to sever connections with a prominent crypto-gambling firm that has sponsored the team.

While there are undoubtedly still some bumps on the road ahead, it’s heartening to see how far we’ve come. As general awareness of cryptocurrencies increases, even casual sports fans will learn to appreciate their many benefits. Fans may make wagers with ease thanks to our streamlined, safe, and user-friendly system among other benefits.

SOFTSWISS Casino Platform Debuts In-Game Currency Conversion

Posted on November 2, 2022 by Laura P.

In-game currency conversion, a much-requested function of the popular SOFTSWISS Casino, has finally been made available to users. Players may now change their cryptocurrency holdings into up to 9 different fiat currencies using the Casino Platform, an online casino management system.

A cryptocurrency-focused addition to video games, In-Game Currency Conversion made its official debut in the spring of 2022. The project’s goal was to provide customers with additional options for growth and to provide participants with greater leeway in how they played.

Both players and operators benefit from this integration since players may now wager on games that do not traditionally accept cryptocurrency and operators have access to SOFTSWISS’ whole library of games.

There was previously just one preset currency that crypto could be exchanged for before the upgrade. Extra fiat currencies (USD, EUR, AUD, RUB, CAD, NZD, NOK, JPY, and BRL) are now accessible for conversion in-game thanks to SOFTSWISS’s special features.

According to Darya Avtukhovich, Head of the SOFTSWISS Casino Platform, users previously could only exchange cryptocurrency for US dollars. The type of currency that could be spent restricted the games that could be played. The problem is that different games elicit different feelings and reactions from players.

That is why they included support for many currencies this time around. A wider range of games is now accessible to players who can convert their cryptocurrency assets into more traditional currencies.

Huge Step Forward

SOFTSWISS has taken a major step toward its big aspirations with the release of its new currency conversion tool.

As a result of the players and the diversity of operators fighting with one another to obtain their goods on this platform, the firm is creating solutions that are in accordance with market needs.

The corporation has thrived thanks to its ability to continually adjust to shifting consumer preferences. At the next SiGMA Europe expo in Valletta, Malta (November 14-18), it will showcase its cutting-edge technologies including the Casino Platform and its capabilities. Developers, operators, players, and the general public involved in iGaming will get the opportunity to learn about the company’s most recent innovations at this event.

These enhancements are all part of SOFTSWISS’ long-term plan to deepen its presence in existing markets while entering new ones and bolstering the breadth and depth of its product offering.

CryptoGames Races to Take on Fast-Paced Crypto Gambling Space

Posted on October 2, 2022September 30, 2022 by Laura P.

The crypto betting business is booming, but there’s always an opportunity for new entrants to increase competition and usher in new ideas. CryptoGames is gaining popularity as a trusted place to gamble online using crypto. Featuring state-of-the-art safety protocols and entertainment options, the casino caters to customers from all over the globe. It also offers the newest and greatest cryptographic implementations of traditional casino games, a delight for cryptocurrency consumers.

A major selling point is that gamers from all around the globe may enjoy the Curacao casino without leaving their homes. That means that players may use any modern mobile device to have free and unlimited access to the casino. The site also consistently promotes safe and fair crypto gaming alternatives for players of all skill levels.

A Well-Rounded Package

When it comes to financial systems and providing a level playing field for crypto aficionados, CryptoGames leverages cutting-edge technology to ensure both. The casino features a complete collection of classic games, all of which provide modern crypto gaming experiences. Blackjack, Keno, Roulette, the Lottery, and six more standard casino games are all featured inside the casino’s sleek design.

As a whole, the platform’s games are designed to be simple to play and understand to appeal to the largest possible number of casual gamblers. All ten games are simple to pick up and play, but each has its own flavor and its own set of rules for how bets are handled.

As a result, CryptoGames is now recognized as a platform that consistently exhibits its commitment to fair and responsible gaming, therefore ensuring that all players may enjoy themselves in a risk-free environment. The 10 games all have distinct goals and features, so they are up to par with today’s requirements for video games.

After registering for an account, gamers may use their Play Money to try out nine different games at no cost.

A Solid Payment System

For a company like CryptoGames, which operates in the cryptocurrency industry, having a reliable payment system is essential. There are ten different cryptocurrencies available for use in the country’s financial system, which may be used for everything from transaction processing to playing games.

Even better, either fiat currency or cryptocurrency may be easily deposited into the system. Credit cards and an advanced monetary exchange system may also be used to make deposits and make trades.

Exchanges between other cryptocurrencies are also supported in CryptoGames, with the help of reliable aggregators. The casino also maintains an open and accessible list of services on its website, including things like the casino’s safety and privacy regulations, as well as its promotions, bonuses, and affiliate programs. Players who sign up for a free account at Play Money get instant access to the site’s rewarding system.

BetCoco Brings Crypto Gambling Option to Canada and Brazil

Posted on September 2, 2022September 1, 2022 by Laura P.

BetCoco, a fast-rising online casino brand owned by the investment firm Crystal Wealth Group, made its debut last month to serve the lucrative cryptocurrency betting markets in Brazil and Canada. The gaming website allows users to gamble on casino games, live casino games, sports, and esports.

To spice up the experience, it even has VR rooms where users can get an immersive feel for games like blackjack, roulette, and live sports. The quality of its products and services is unparalleled in the markets in question. On top of that, the upgrades safeguard the company’s success in the foreseeable future.

First of Many

Founded in 2022, Crystal Wealth Group plans to launch “several” companies over the following decade, with BetCoco being the first. The team’s goal is to design a user interface that provides greater excitement for consumers. They feel that this is something that many iGaming companies have neglected to emphasize in their brand campaigns in recent years.

Furthermore, the operator stated its intention to provide numerous forms of player rewards. Among them were things like loyalty points redeemable for unique prizes, added incentives, and invitation-only offers and tournaments.

“BetCoco is a fun brand that offers a fabulous player experience with the leading games and services that the industry has to offer. Innovation is at the foundation of everything we do through creating the best features to continuously improve our user experience. We are launching with crypto, with fiat soon to follow, and are deploying exciting paid media marketing and affiliate campaigns to let the markets know about us.”
~ Mike Fox, Chief Financial Officer of Crystal WG

Crystal Wealth has hired Nick McCleggish, Digital Fuel’s Director of Group Accounts, as an adviser to BetCoco. In this partnership, Digital Fuel’s digital expertise and Crystal Wealth’s regional expertise in Latin America complement one another. It fits well with what they need to help their joint proposal grow and provide the best possible service to their global client base under the BetCoco Casino brand. That’s why the two of them are so well-suited to one other.

More Expansion Plans

Crystal Wealth’s long-term strategy is predicated on collaborating with the finest service providers in the business to develop a robust core iGaming platform that will serve as the foundation for introducing several brands to different geographic regions. They see BetCoco as their entry point into the potentially lucrative global sector, which is projected to grow to USD 154 billion by 2030.

BGaming and Duelbits Debut Game for Crypto Casino Enthusiasts

Posted on July 2, 2022July 1, 2022 by Laura P.

Rapidly expanding iGaming content provider, BGaming has enhanced its content partnership with Duelbits. The latter is a cryptocurrency casino and sportsbook which has been making waves in the industry lately. As part of this agreement, BGaming has created a branded exclusive slot for a new generation of crypto players. Duelbits customers can look forward to top-notch gaming as the new title was created in collaboration with the casino’s team.

What the Game Offers

The Duelbits Quest slot machine is a basic five-reel, three-row slot machine that offers avid slot players a total of twenty-five paylines and a variety of exciting bonuses. We cannot also forget to mention the solid range of features that add a ton of value to the gaming experience.

The branded game blended high-quality mechanics with exciting features such as in-game jackpots, free spin games, coin respins, and the famous Buy Bonus function. BGaming developed in close coordination with the Duelbits team to match the preferences of its burgeoning crypto casino audience. That consists of young players who are knowledgeable about technology and are looking for personalized experiences.

According to Alexandr Shavel, who heads up the Business Development Department at BGaming, the concept of making individualized video games is not new. However, the solutions that the industry provided have always seemed to be difficult to implement and costly for game creators and operators. They were able to effectively overcome all of the hurdles, and they are now delivering high-quality branded games in a short amount of time while maintaining a deep degree of customization.

Since the company’s inception, Duelbits has been focused on developing innovative methods for increasing client interaction. Because of this, they are delighted to collaborate with BGaming on the introduction of this fascinating new online casino slot game that opens a new world of possibilities.

Massive Growth Ahead

Branded exclusive games are slowly becoming a mainstay in the world of online gaming. Casino operators may enhance their relationships with players and boost overall engagement and operators’ gross gaming revenue (GGR) by around 30 percent on a single title.

This notion is gaining traction among both crypto and fiat casinos. BGaming, for instance, is now producing up to three or four games each month for its clients. All these new additions are both branded and unique. The seamless integration of BGaming’s content into a cryptocurrency exchange is what makes some of these solutions stand out as being very innovative.

The Wikimedia Community to Stop Accepting Crypto Donations

Posted on May 2, 2022 by Laura P.

Following a three-month debate in which the environmental effect of bitcoin and other digital currencies was a significant discussion topic, Wikimedia, the non-profit foundation behind Wikipedia, has decided to cease accepting crypto payments and donations.

Accepting donations in digital currencies including popular options like BTC and ETH signals the endorsement of digital coins and a clear push for more mainstream adoption. These also have a reputation for being “inherently predatory” as investments. As such, they do not align with the Wikimedia Foundation’s commitment to environmental sustainability, according to a proposal from contributor Molly White.

Crypto miners have been accused of polluting the environment by utilizing massive quantities of computer power to confirm transactions. Molly White included this in the proposal. The foundation singled out BTC and ETH for their high energy requirements, while also pointing out that there are alternative “greener” cryptocurrencies. However, these are less extensively used even for payments or donations to the foundation.

The decision was reached via a vote. Nearly three-quarters of the fewer than 400 people who voted, leaned in favor of no longer accepting BTC. This is definitely a big deal for the crypto community as proponents have been working hard to increase adoption. However, all hope is not lost it seems. Wikimedia has kept the possibility of restarting crypto acceptance on the table. For now, it will continue to watch the situation.

Can crypto go green?

The energy consumed by computers to issue new digital tokens via a process known as “proof of work” accounts for a large part of crypto’s environmental effect. That is simply because it requires a lot of computing power. According to some estimations, the server farms that compete to produce new Bitcoins consume as much power as a small nation every year.

A greener crypto future most likely implies a more regulated one. Two types of legislative measures for crypto regulation are possible. The first kind would need greater openness on the carbon costs of operating a cryptocurrency mining farm. The second would involve regulators imposing some form of carbon tax. Already, these kinds of rules are being pushed by some notable environmental and economic justice organizations.

Other options such as the adoption of renewable energy at the mining farms have also been fronted. Still, we cannot dismiss the fact that crypto is growing at an incredibly fast pace and government regulatory measures often take time to create and implement. It will very certainly fall to the industry to embrace sustainability with the same zeal that it has innovated.

Bitcoza Debuts World’s First Charity Bitcoin Casino

Posted on March 2, 2022March 1, 2022 by Laura P.

Crypto charities are not an exactly new concept but the idea of a Bitcoin charity had not come up until recently. Bitcoza, a fast-rising operator in the world of crypto has recently launched what it claims is the first charity Bitcoin online casino on the planet.

According to the creators and operators of the platform, Bitcoza is aimed at offering players a fun gaming environment while at the same time giving them a chance to contribute to initiatives aimed at making communities. Better. So, in addition to being a profitable entertainment spot, the platform has an interest in assisting in the protection of endangered species.

This will be achieved by the company donating up to a whopping 50 percent of its revenue to charitable campaigns. As mentioned, the key focus of the charity efforts is endangered species so we expect to see a bias in that regard.

One of the current initiatives that the company is currently pursuing with its top-level VIP program involves saving the endangered Pinta Island Tortoise. The Pinta Island Tortoise which is currently at the Galapagos National Park and Conservancy is the only of its kind left in the world. In addition to that, Bitcoza has also been offering support to the World Wide Fund For Nature and the International Fund for Animal Welfare.

More About Bitcoza

Since its launch in the Spring of 2021, Bitcoza has built up quite a reputation. To begin with, it is a licensed and regulated gaming site. It has a license from the jurisdiction of Curacao. Players are therefore assured of fairness and safety. The operator also plans to take this a notch higher by rolling out a set of responsible gambling tools. These are going to come in handy for tracking spending and playing responsibly.

While its charity initiatives specifically reference Bitcoin, the iGaming site accepts several other digital currencies as payment methods. These include Bitcoin Cash, Ethereum, Dogecoin, Litecoin, Dai, and USD Coin. Increasingly popular crypto tokens are also eventually bound to find their way onto the platform.

When it comes to the games, Bitcoza has a pretty solid selection of titles too. Among its popular titles are blackjack, poker, baccarat, lotteries, slots, and roulette. One of the most notable things about the platform is the fact that its bonus schemes could net players up to a whopping $22,000 in bonuses. To make it even better, these bonuses are not accompanied by any wagering requirements should players choose to withdraw them.

Some Expert Predictions for Crypto and iGaming in 2022

Posted on January 2, 2022December 30, 2021 by Laura P.

The new year is finally here and, as always, everyone is already looking into what might eventually come of it. For various industries, the beginning of a new year is often both a time of reflection and a time to ramp up preparations for what’s to come. This applies to the gambling and crypto industries as well.

These two sectors have enjoyed a surge in popularity over the past couple of years and 2022 is seemingly set to be yet another great year for them. There were, of course, some ups and downs. Still, from what we have already seen, it is possible to estimate the trajectory of these sectors. Some of the things that we should watch out for include:

More Mainstream Push for Crypto

For a long time, the gambling industry carried nearly all the weight as far as mainstream crypto use is concerned. 2021 changed that significantly thanks to the impressive rise in institutional interest. Lots of mainstream organizations including investment firms and financial institutions got in on the world of crypto.

There is a lot of optimism about 2022 and how it could be an even better year for crypto. Institutional support is one of the biggest pieces of the puzzle when it comes to bringing crypto use to the mainstream. More adoption of digital tokens and currencies will likely be a defining aspect of the year.

The Rise and Rise of Non-Fungible Tokens

Non-fungible tokens (NFTs) were one of the most divisive topics in 2021. While some people saw it as a fad, there were lots of people who saw its potential. The idea is still quite new to many people even those in the crypto community. This raises a few eyebrows with regards to its future.

Well, many experts are optimistic that NFTs are here to stay. The innovative technology has proven to be quite popular among crypto enthusiasts and creators alike. The latter have been able to find new ways of making money from their work. A few issues such as concerns about power consumption will need to be ironed out though.

Enter the Metaverse

With huge companies such as Meta (formerly Facebook) and Microsoft making a play for the Metaverse, the technology was a huge part of conversations in 2021. In 2022, those conversations continue and we expect even more announcements about potential additions to the metaverse.

Knowing how dynamic the iGaming sector is, it will not be long before we hear about more operators leveraging the power of the Metaverse. Crypto and the blockchain will, without a doubt, be a huge part of that shift.

Cloudbet Unveils First-Ever Crypto Horse Racing Book

Posted on November 2, 2021November 1, 2021 by Laura P.

Since its launch, Cloudbet has grown to become one of the most trusted crypto-powered sportsbooks and casinos in existence. It has also built a reputation for being a very innovation-focused operator. The company has recently shaken up the world of betting with yet another first-of-its-kind offering. Users of the platform will now be able to use digital currencies to bet on horse races.

This move came just in time for the 2021 Melbourne Cup on Tuesday. Cloudbet customers will now bet on the horse races using over a dozen digital currencies including bitcoin. As expected, they will get to reap all the benefits of the crypto ecosystem. These include such things as better margins, much lower transaction costs as well as significantly faster withdrawals.

All that will not only apply to the Melbourne Cup which is Australia’s top event but also other huge races on the international calendar. Aligning with Cloudbet’s ambitious expansion plans, the new developments will certainly mean a lot for the growth of crypto. The gambling casino has been leading the way towards more mainstream adoption. With events as big as the horse racing competitions in Australia and other parts of the world, this might not be too hard to achieve.

Supercharging the Crypto Betting Experience

Horse race betting is just one of the few new additions that Cloudbet has been working on over the past several months. The company has also been spreading its footprint to other verticals ranging from political betting, esports betting, and social bet sharing. It currently boasts of up to 17 full native sportsbooks offering services in 17 languages to players from all around the globe.

To support all these amazing ventures, Cloudbet has also been inking deals with companies that will help it to boost its ability to polish the experience even further. One of the most notable ones from the past few months is a partnership agreement it inked with Dash. This gave the platform the ability to use Dash Digital Cash on its platform. Cloudbet has also been able to tap into the impressive features that the Dash blockchain has to offer.

“We are excited to work with Cloudbet, one of the most reputable names in the iGaming space. With Cloudbet’s many offerings, Dash payments make sense whether you are looking to place a last-minute bet or rapidly withdraw your winnings. You won’t find a more secure and rapid form of payment.”
Omar Hamwi, Business Development Lead at Dash.

Already, the partnership is paying off. If that is anything to go by, horse racing fans have a lot to look forward to.

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Author: Laura P.