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Crypto.com Makes Super Bowl Trading Accessible to All U.S. Users

Posted on December 31, 2024 by Laura P.

Crypto.com has recently unveiled a pioneering sports event trading platform, marking a bold step in integrating cryptocurrency and sports. Exclusively available to U.S. users through the Crypto.com app, this platform allows participants to trade predictions on the outcome of sports events, starting with the upcoming Super Bowl LIX.

Launching just ahead of the holiday season, Crypto.com’s new platform enters the market at a time of heightened consumer activity and excitement surrounding the Super Bowl. By focusing on one of the most-watched sporting events in the United States, Crypto.com aims to attract early adopters and gain momentum in the burgeoning event-driven trading market.

Currently, the platform lists various NFL teams and their probabilities within the app, making it user-friendly for participants to select their predictions. This approach is similar to traditional betting but operates under a different classification, leveraging its designation as trading rather than gambling to offer nationwide availability.

While this venture into sports trading is new, Crypto.com draws on its extensive experience in event-based prediction markets. The platform is reminiscent of the company’s election trading markets and its cryptocurrency derivatives, such as UpDown Options and Strike Options, which are regulated by the Commodity Futures Trading Commission (CFTC).

By adhering to strict regulatory requirements, Crypto.com ensures a compliant trading environment for users. This strategy not only aligns with its broader goals of regulatory adherence but also helps establish credibility in a space often marked by legal uncertainties.

Disrupting the Sports Betting Industry

The launch of Crypto.com’s platform arrives at a time when sports betting in the United States is experiencing rapid growth. Following the landmark 2018 Supreme Court decision that struck down a federal ban on sports wagering, many states have moved to legalize and regulate sports betting, resulting in an explosion of both physical sportsbooks and online platforms.

According to the American Gaming Association (AGA), sports betting revenue in the U.S. reached a record high in 2023, with millions of Americans placing bets legally. The market is expected to continue expanding as more states legalize sports betting and as traditional bookmakers introduce new offerings to capture the growing demand.

Crypto.com’s Super Bowl trading market represents a potential turning point for the sports betting industry. By allowing users to trade contracts based on event outcomes rather than placing traditional bets, the platform bypasses the taxes and regulations typically imposed on sportsbooks.

This innovation positions Crypto.com as a formidable player in a space that blurs the lines between betting and trading. With the increasing popularity of cryptocurrency and a model that avoids the high costs of traditional sports betting, the platform could attract users seeking a modern, flexible approach to engaging with major sporting events.

Rising Interest in Crypto-Focused Gambling Drives Winna.com’s $15M Fundraising Round

Posted on December 28, 2024December 28, 2024 by Martin S.

The online gambling industry is undergoing a major shift as players increasingly turn to crypto-based platforms that offer enhanced privacy, transparency, and decentralization. With the growing demand for crypto gambling solutions, Winna.com has raised $15 million in seed funding to bolster its position in this rapidly expanding market. The capital will allow the platform to scale its offerings and build on the momentum of the rising interest in cryptocurrency-powered online gaming.

Winna.com has rapidly attracted a loyal user base over the past decade with more than 10,000 active players already on board. All users can enjoy the benefits of anonymous betting and provably fair gaming—a key feature that is attracting more players to the space.

Better Offerings to Enhance User Experience

Winna.com stands out by providing a broad range of provably fair games, including Mines, Plinko, Roulette, Blackjack, Keno, and Dice. These games are designed to offer full transparency, with players able to independently verify the outcomes, addressing the sector’s growing demand for fairness and security in online gaming.

In addition to these offerings, Winna.com hosts over 4,000 slots, live casino games, and interactive game shows from well-known providers like Pragmatic Play and Evolution Gaming. The platform’s crypto-first sportsbook further enhances its appeal, with betting options covering over 10,000 events across major sports leagues such as the NFL, NBA, UFC, and the Premier League. Each of these diverse offerings is designed to capture the growing interest in decentralized betting and gambling, positioning Winna.com as a comprehensive destination for crypto-driven entertainment.

Looking ahead, the platform plans to introduce player-versus-player (PvP) games, which will broaden its product lineup and appeal to a wider audience. Additionally, Winna.com’s VIP program, which offers exclusive rewards and bonuses like Rakeback, is being led by a team of professionals with experience from prestigious institutions such as MGM Las Vegas, further enhancing its player retention and engagement strategy.

A Strong Competitive Position in a Rapidly Evolving Market

The newly secured funding will allow Winna.com to accelerate its growth, improving its platform’s features and expanding its presence in global markets. As the demand for crypto gambling platforms continues to rise, Winna.com’s unique offerings and transparent, secure approach position it well to meet the needs of today’s online gaming consumers.

Paul Martens, CEO and Co-Founder, emphasized that Winna.com’s focus on user trust, instant payouts, and transparent game mechanics places the platform at the forefront of the crypto gaming revolution. He is confident that as players increasingly seek platforms that prioritize fairness, privacy, and seamless transactions, Winna.com is poised to capitalize on the growing trend toward crypto-powered gambling.

How Crypto Wallets Are Holding Back Web3 Gaming in Casinos

Posted on October 11, 2024 by Laura P.

The rise of Web3 gaming has generated buzz across the gaming and blockchain sectors, offering players the chance to earn real money, own in-game assets, and participate in decentralized economies. However, one significant hurdle remains: crypto wallets are proving too complicated for many gamers, keeping them from fully embracing Web3 games.

The Barrier

According to a recent report titled “The Future of Web3 Gaming is Competitive: Global Gaming Report 2024,” published by Web3 gaming protocol Elympics in collaboration with the Blockchain Game Alliance (BGA) and PlayToEarn, over 10% of gamers cited crypto wallets as the main reason they haven’t explored blockchain-based games. This presents a challenge not just for the Web3 gaming industry, but also for online casinos looking to venture into this space.

Even more telling, 7.3% of participants said they don’t fully understand the value of Web3 gaming, while 9.1% admitted that blockchain games simply don’t appeal to them. A smaller portion, about 2.4%, said they’re satisfied with traditional Web2 gaming and see no reason to make the switch.

For online casinos, this insight highlights the importance of simplifying wallet interactions. A smoother, more intuitive wallet experience could be the key to attracting players, helping them seamlessly transition from traditional gaming to decentralized gambling options like tokenized poker rooms or NFT-based slot machines.

Why Gamers Are Drawn to Web3

The report also explores why gamers are flocking to Web3 games. Many cited airdrops and the potential to earn money as major incentives, emphasizing the financial appeal of play-to-earn models. Another big draw was the opportunity to compete with other players, showing that competitive gaming remains a significant factor.

For the casino industry, this presents an opportunity to merge traditional gambling with the innovations of Web3. Imagine poker tournaments or slot machine leaderboards where winners take home cash and earn crypto rewards or valuable NFTs. The appeal of playing for real-world, blockchain-based assets could unlock a whole new dimension of casino gaming.

Making Wallets User-Friendly and Lowering the Barrier for Gamers

While crypto wallets may be a necessary part of Web3 gaming, solutions are already in the works to make them less of an obstacle. For instance, The Open Network (TON) is working to simplify crypto interactions. TON Foundation’s Director of Investments, Justin Hyun, explained that Telegram’s Mini Apps will soon allow users to engage with crypto wallets effortlessly—so much so that players may not even realize they’re using one.

This kind of innovation could be a game-changer for the Web3 casino space. By removing the friction of wallet management, more players could explore and engage in decentralized gaming, including casino games that incorporate blockchain technology. Projects like Hamster Kombat have already attracted over 300 million users through seamless integration with Telegram, offering a roadmap for how casinos might follow suit.

The Future of Web3 Gaming in the Casino Industry

As more high-quality Web3 games hit the market, the casino industry will need to adapt to stay competitive. Elympics CEO Michal Dabrowski believes that infrastructure players like TON are helping create the networks and communities that will drive the next wave of Web3 gaming.

For online casinos, the takeaway is clear: embracing Web3 is a must for staying relevant in an ever-evolving industry. By addressing the challenges of crypto wallet complexity and offering competitive, rewards-driven gaming experiences, casinos can position themselves to thrive in the Web3 era.

Playbet.io Advances Its Crypto Gambling Offering with SoftSwiss Integration

Posted on July 7, 2024 by Laura P.

Being a leading online crypto casino and sportsbook, Playbet.io is hoping to transform the crypto gambling industry, which has been seeing explosive growth for the past few years. With the help of the SoftSwiss platform and a license from Curacao, the firm can now provide a safe, reliable, and advanced gaming platform to existing users and new customers.

But, given the cutthroat nature of the industry, it will need to deliver in a big way. Thankfully, the value offer is extensively enticing to the target audience. So, what can players expect?

Crypto-Centric Gaming

Crypto enthusiasts will likely have a lot to like about the platform. With Playbet.io, you can conveniently make fee-free transactions using a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and USDT. The system lets users quickly and securely manage their accounts by allowing swift withdrawals and deposits. The anonymous play feature goes the extra mile to let gamers wager without providing personal information, effortlessly preserving their privacy.

A consistent and easily accessible gaming experience can be had on the move with Playbet.io, which is optimized for mobile usage and allows users to enjoy high-quality games on mobile devices such as smartphones and tablets. That experience translates quite well across the board including to the transactions and account management.

An Extensive Gaming and Sports Betting Catalogue

In addition to games developed by Pragmatic Play, NetEnt, and Hacksaw Gaming, Playbet.io has titles from more than 40 industry-leading developers. Live dealer games, slot machines, and table games from industry leaders like Pragmatic Play and Evolution are also all available to players.

For the die-hard fans of the good old days of slot machines, Playbet.io has that covered with classic slots that are eerily similar to the ones that are available at brick-and-mortar casinos.

With a wide variety of crypto betting choices, Playbet.io’s sportsbook further covers a lot of ground in the world of sports and eSports. From basketball and football to electronic sports such as Counter-Strike and Call of Duty, participants have the opportunity to place wagers on their preferred events. Additionally, real-time betting is possible thanks to the platform’s superior live-streaming technology.

Rewards From the Start

An enticing welcome package, including 800 free spins and up to 4 BTC, is available to new players at Playbet.io. Additionally, sports bettors may take advantage of free bets valued at 1950 USDT to enhance their first betting experience.

The site has a VIP program that rewards committed gamers since loyalty is valued on the network. You can expect individualized attention, exclusive deals, and special benefits from this program, such as weekly rakeback, monthly reload bonuses, daily quests, and level-up bonuses, among other things. Each of the five tiers of the VIP program—from Bronze to Diamond—offers progressively better perks to members.

MyPrize Unveils Groundbreaking Multiplayer Online Casino with Crypto Integration

Posted on June 2, 2024 by Laura P.

Alongside its US counterpart, MyPrize, the pioneering multiplayer online casino, has officially debuted in several international markets. MyPrize offers a novel twist on the online casino experience by fusing the excitement and big stakes of online gaming with the interpersonal communication and communal aspects of social media and live broadcasting.

The innovative Bet Together feature on MyPrize lets users communicate with one another while streaming their games, opening a direct line of communication between producers and their followers. Thanks to this feature, online gambling is transformed into a social experience that is both dynamic and engaging.

Anticipating the platform launch with great anticipation, more than 150,000 people had previously signed up for MyPrize and MyPrize US during the early access period. Streamers and gamers alike can now come together to enjoy plenty of fan-favorite casino games, such as blackjack, slots, roulette, Plinko, scratch cards, crash, mines, and more.

A Haven for Creators

Creators may monetize their material and reach new audiences with the help of the tools available on the platform. One cool thing about this platform is that it lets creators set up special areas where their fans can come to watch live streams and play games with them. The new multiplayer game style lets fans join in and support their favorite creators.

With no limits on how much money producers can make on MyPrize, they may maximize profits off of user acquisition and engagement. There is zero dependence on ad revenues, so creators can focus on growing and supporting their community.

“MyPrize is a platform that leans into the strengths of online communities – these massive communities that have managed to forge deep interpersonal connections within message boards and chat rooms. I can’t wait to see what these creators can accomplish with tools built specifically for them that let them interact with their fans on a new, deeper level.”
MyPrize founder and CEO Zach Bruch

TSteezy, Solace, Atomic, AsianAndy, WesBTW, and KingWoolz are just a few of the well-known creators on MyPrize’s roster at launch. Partnerships with creators from 100 Thieves, a leading lifestyle brand, are also included.

A Solid Payment System

US users of MyPrize can join sweepstakes for the potential to win actual prizes, including cryptocurrency, while users of MyPrize may withdraw their in-game USD to cryptocurrency. Moreover, to increase the crypto space’s mainstream awareness and recruit a broad user base, MyPrize plans to host large-scale activations and form collaborations with streamers, celebrities, and big companies to encourage new users to join the Web3 ecosystem.

March’s Crypto Market Crash and the Gambling Industry

Posted on March 6, 2024 by Laura P.

The crypto market saw a phenomenal rise last week, but already today, bears gained over and the charts turned red. After breaking the desired $69,000 barrier on March 6, 2024, Bitcoin saw a dramatic 8+% decline at the same time as this slump. Over the previous day, the total market value of the cryptocurrency industry fell notably.

What’s Happening?

In total, the market capitalization of all cryptocurrencies fell by 1.00%, reaching $2.47 trillion. Notwithstanding this decline in market worth, the overall volume of the cryptocurrency market increased dramatically, rising 26.72% to $250.19 billion in the last 24 hours. With $17.11 billion, decentralized finance (DeFi) was a major player in this volume, while stablecoins remained a major player with $225.84 billion, demonstrating their dominance in the present market reality.

The latest fall has not dampened investors’ overbearing greed. Someone with this outlook may be hopeful about a future recovery or see the present market situation as a chance to purchase assets at a bargain.

The Implications for Crypto Gamers

It goes without saying that this will impact the booming crypto-gaming industry. Crypto holders may reevaluate their gaming choices during market downturns, looking for venues that provide stability and security. Players who are in search of safe gaming environments would likely be drawn to cryptocurrency casinos with transparent operations and solid risk management systems.

To compensate for the decline in activity, crypto casinos may take advantage of the market by offering attractive bonuses and promotions. Promos like special tournaments, cashback incentives, or reduced deposit bonuses may help bring in players even when the market is tough.

Changes in the value of cryptocurrencies may also impact how players choose to fund their accounts. There may be less activity on crypto gambling platforms as a whole if players become wary of spending their digital currency due to the volatility in pricing. Alternatively, while some may be hesitant to deposit cash out of concern for further market drops, others may be in a hurry to withdraw to limit their losses.

Not All Doom and Gloom

Though short-term swings influence player actions, crypto casinos’ capacity to adjust to shifting market conditions and government regulations will determine their fate in the long run. Ultimately, when it comes to the ever-changing world of cryptocurrency gaming, casinos that exemplify resiliency, creativity, and compliance with laws are in a better position to prosper.

Loopholes Emerge Amid the Intricacies of the UK’s Crypto Gaming Restrictions

Posted on February 2, 2024February 1, 2024 by Laura P.

Sky News has recently uncovered a vibrant underground world in the UK’s crypto community, as enthusiasts find loopholes to navigate the complex crypto casino bans. With pre-verified accounts from renowned cryptocurrency havens, like the ethereal Stake.com, people in this underground world can effortlessly immerse themselves in the action of unregulated gambling.

In the face of tightening regulations on cryptocurrency casinos in the UK, clever gamblers there are quietly rising and coming up with new ways to gamble online for big money while disregarding the rules and regulations. A shadowy web has formed, fueled by popular personalities and celebrities, that looks like an underground society where pre-verified accounts are auctioned off as valuable relics.

With the help of open-source technologies, daring gamblers can work around the intricate crypto terrain. When new accounts are created, platforms insist on seeing visual proof as part of their unwavering dedication to regulatory compliance. However, for as little as 8 pounds, buyers often succumb to the allure of pre-verified accounts, which allow them to elegantly avoid these legal obstacles.

Shared on various social media sites, these digital gems reveal orchestrators running complex operations with specialized sales teams and mysterious “middlemen” that covertly arrange safe transactions in exchange for a small cut of the crypto goodies.

Echoes of Concern

Over months, Sky News delved into the mystery behind cryptocurrency gambling and uncovered the significance of Stake.com accounts. A Discord server had over a hundred Stake.com accounts, while Facebook was filled with promotions for nearly two hundred. Crucially, a shroud of mystery envelops these revelations, as there is no evidence implicating the casinos in these covert activities, leaving room for speculation and intrigue.

Regulated casino watchdogs are stepping up their efforts to prevent fraud, but the possibility of player funds getting into the wrong hands is a growing concern. Proponents of strict gambling laws in the UK bring out the issue of addiction, which is made worse by the fact that these crypto gambling havens do not use any restrictions on betting or time.

A heated discussion looms over the UK’s crypto sector as the discrete examination takes shape, with cryptocurrency casinos and social media platforms balancing in a show of accountability. There is a hint of a forthcoming transformation in the world of crypto and the UK might just be at the forefront considering how hard the issues of regulation and consumer safety are knocking on their doors. Perhaps it will be part of what shapes the crypto gambling landscape in 2024.

2023’s Defining Crypto Trends

Posted on December 3, 2023 by Laura P.

Looking back on the major themes that impacted the world of crypto gambling in 2023, it is crucial for both experienced players and newbies to remain ahead of these evolving trends. This piece analyzes some revolutionary changes that have changed the face of online crypto gambling and created conditions for an unmatched gaming experience.

AI and ML Integration

The integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies has ushered in a new era of personalized gaming experiences. By leveraging user preferences, these advancements curate tailored gaming recommendations, enhancing user engagement and fostering continued exploration of gaming varieties.

Evolving Game Dynamics

In the dynamic world of crypto casinos, the relentless pursuit of innovation has birthed a gamut of modern and captivating games. Collaborations with industry-leading software providers like Microgaming and Pragmatic Play ensure an ever-expanding repertoire of engaging and diverse gameplay experiences.

The advent of live dealer games has revolutionized the online gambling sphere, offering an immersive and lifelike gaming environment for aficionados of blackjack, roulette, and poker. The integration of Bitcoin into poker platforms has ushered in a new era of convenience and flexibility, expanding the horizons of online gaming possibilities.

Moreover, the social fabric of Bitcoin casinos pulsates with vibrant interactions and community-driven engagements. Encouraging group participation, these platforms foster an environment for collaborative gaming experiences, amplifying the thrill and camaraderie among players.

Tailored Interfaces for User Accessibility

Acknowledging the varied expertise levels within their user base, top-tier crypto casinos have endeavored to offer user-friendly interfaces. Focusing on simplicity and ease of navigation, these platforms facilitate a seamless onboarding experience for newcomers while providing a familiar and intuitive interface for seasoned players.

Globalization

The resounding appeal of cryptocurrencies has orchestrated a widespread global adoption, enticing both seasoned and novice players to explore the realm of crypto gambling. Regulatory frameworks implemented by nations like Switzerland, Japan, and Malta have accelerated the integration of cryptocurrencies, recognizing their potential benefits and paving the way for their widespread acceptance.

Better Security Measures

The inherent security and privacy afforded by cryptocurrency’s decentralized network and blockchain technology are cornerstones of top-tier BTC casinos. Provably fair gameplay systems, robust encryption, two-factor authentication (2FA), and secure cold wallet storage mechanisms fortify the security and integrity of crypto gambling platforms, safeguarding user data and financial information.

Exploring Crypto in the Realm of Crash Gambling

Posted on November 2, 2023November 1, 2023 by Laura P.

Crash gambling has always had its die-hard fans. What is not to love about games of chance? They are the ultimate test of your luck, promising that exhilarating chance to hit the big jackpot.

The beauty of crash games lies in their simplicity, and you do not need to be a hawk-eyed strategist to join in the fun. It is all about betting on a multiplier that steadily multiplies your potential winnings until it unexpectedly comes crashing down, forcing you to make a swift exit with your winnings in tow.

The intriguing twist here is that there is no crystal ball to predict when the crash will happen. It’s all about luck. These online games run on random number generators, making it futile to try and chase losses.

Enter Crypto

But the real game-changer here is the introduction of cryptocurrencies, particularly Bitcoin, into the mix as a payment option. Crypto crash gambling mirrors the traditional fiat currency version in terms of gameplay. The rules stay the same, and it is all about Lady Luck determining your fate. However, what makes it extra exciting is the array of advantages that come with using cryptocurrencies.

First, cryptocurrencies do away with traditional banking procedures, granting you a level of privacy that’s hard to find elsewhere. All it takes to get started is an email address, and for now, no crash gambling sites are demanding you to show your ID. It’s a gambler’s dream come true!

They also know no bounds, making it possible for players from even the most restricted gambling regions to sneak their way into crash gambling sites using VPNs. As online gambling gains steam in places with a burgeoning middle class and extra cash to spend, cryptocurrencies offer a straightforward gateway to the action.

All those all sound familiar, right? Well, what really sets crypto crash games apart is the “provably fair” aspect. The odds of winning are etched in the blockchain code, ensuring automatic payouts when you strike it big and decide to cash out. This level of transparency is unmatched.

A Fad or a Growing Trend?

Crash gambling has always been a crowd-pleaser, thanks to its sheer simplicity and the tantalizing chance to strike it rich through sheer luck. With more cryptocurrencies now at the helm, this thrilling game takes on a new dimension, offering speed, safety, and anonymity like never before. Many players are automating their Bitcoin crash gambling for a smoother ride, all while employing clever strategies to up their odds. It might just be the next big thing for avid gamblers.

Bets.io Expands Portfolio with SOFTSWISS Sportsbook Integration

Posted on October 2, 2023 by Laura P.

In an exciting development, the SOFTSWISS Sportsbook has expanded its network of clients through a strategic partnership with Bets.io, a prominent crypto casino. The purpose of this partnership is to improve the Bets.io user experience by providing a new, exciting product, and to increase the variety of services offered by this modern online casino.

Bets.io is widely hailed as a casino built by crypto fans, for crypto fans, and it offers a huge selection of games and operates with a Curaçao license. To attract users who prefer digital currencies to fiat money, it offers wagering in a broad variety of them, such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dogecoin, US Dollars Tether, TRON, XRP, ADA, BNB, DAI, and TRX.

With the seamless integration of SOFTSWISS’ sports betting platform, Bets.io’s players can now enjoy a comprehensive selection of over 200 sports, including esports. The betting odds are sourced from respected providers like Betradar and Oddin.gg, ensuring a top-tier betting experience. Furthermore, players will gain access to a range of enticing bonuses, such as Freebet and Comboboost.

The SOFTSWISS Sportsbook is an integral element of the overall product suite, providing players with access to a variety of incentives that are “unique to the iGaming industry” and the option to run jackpot campaigns on sporting events.

The Terms

Throughout this partnership, Bets.io will receive invaluable support and technical assistance from SOFTSWISS. This support extends to tailoring the platform to meet specific customization requirements and incorporating new functionalities as per the client’s needs. Moreover, Bets.io will benefit from a suite of player management tools, including betting statistics, flexible odds, event settings, and top-notch customer support.

“Using our sports betting platform, Bets.io will strengthen their business through enhanced engagement and a broader market reach, while players will have access to a wide range of sports, events, leagues, and tournaments.” Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook

The team at Bets.io has also expressed their enthusiasm, noting that they are looking forward to learning more about the features of the Sportsbook Platform so that they may provide their customers with something unique. The process of collaborating with SOFTSWISS was smooth, and they anticipate excellent outcomes. Their new partner has been quite helpful throughout the whole process of integrating their systems.

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