Crypto Casinos

[universal4]

Also, provably fair "in house" games have usually 99% RTP with low&high bet limits.

Untrue IMO.

Most slots whether provably fair, or inhouse developed will be in the 94%-97.xx% range.

Lower house edge table games do reach the 99% ranges but most of those are developed by third party developers with rare exceptions and (in-house) is inconsequential that discussion.

There are very few games that many would consider block chain or crypto games (where the infrastructure of the game is on a block chain). In the future that might change. And I find it ironic the terms "provably fair" is being used so much, wasn't that term actually coined by Slotland a bazillion years ago?

Obviously during discussions of "crypto casinos", it is more about payment methods then it is about crypto tech entering in to the actual discussions of the casino games.

Rick
Universal4

[DappCasino]

Untrue IMO.

Most slots whether provably fair, or inhouse developed will be in the 94%-97.xx% range.

Lower house edge table games do reach the 99% ranges but most of those are developed by third party developers with rare exceptions and (in-house) is inconsequential that discussion.

There are very few games that many would consider block chain or crypto games (where the infrastructure of the game is on a block chain). In the future that might change. And I find it ironic the terms "provably fair" is being used so much, wasn't that term actually coined by Slotland a bazillion years ago?

Obviously during discussions of "crypto casinos", it is more about payment methods then it is about crypto tech entering in to the actual discussions of the casino games.

Rick
Universal4

I've been playing on BC Game and Stake a lot, and most of their in-house games like dice, limbo, and plinko have RTP 99%. Not sure where you've seen the 94-97% range, but that's more for traditional online slots.
Crypto casinos aren't just about paying with crypto. A big reason people like me play there is for the anonymity and no need for all the KYC stuff, massive wager races, instant payments, dividends, passive income, VPN friendly, etc.

[Anastasiam]

Predicting the future of the casino industry and the widespread adoption of cryptocurrency within it is challenging. While cryptocurrency has made inroads in the gambling industry in recent years, it's uncertain when or if all casinos will become 100% cryptocurrency-based. Several factors will influence the pace and extent of this transition:

1. Regulatory Environment:
2. Market Demand:
3. Technology Advancements:
4. Competition and Innovation:
5. Economic Factors:
6. Cultural and Geographic Differences:

[Yoshio]

I am hoping that will happen soon. But I think it will be difficult until we start using virtual currency on a daily basis in the real world.

I also think it will be difficult unless the way to buy virtual currency becomes simpler and easier.

[juliaabrams]

I think the number of crypto casinos will definitely increase, but not replace regular ones at all.

[doublethebitcoin]

There's a difference between
• a casino accepting Bitcoin and other coins (e.g. Stake or Roobet) - centralized management, player balance is not your crypto
• a blockchain casino (e.g. Justbet) - decentralized gambling application settling bets on-chain, web3 wallets

Number of casinos accepting cryptocurrencies will increase as it allows for more flexibility and wider market share. On the other hand, these are not fully "crypto (decentralized) casinos". That might be a safer and cheaper option for most players though

[Newcryptocasinos]

I have been a crypto gambling affiliate since 2018, and every year, I'm surprised at how many new casinos are adding cryptocurrencies as a payment method.
In a couple of years, I think we will only see fiat casinos in countries where crypto and gambling are highly regulated, making the market too complex for a casino to operate with cryptocurrencies.
In general, I believe crypto casinos will dominate the gambling space. They are superior in all aspects: faster transactions, more games, and a more entertaining ecosystem around the casino. Today, it's not only about spinning to win; the new crypto casinos have their own investible tokens, NFTs with utilities for players, staking options, and multiple groups on Telegram and Discord where you can hang around with other players.

[dachin]

I think most casino sites will be crypto casinos around 2030. There are new casinos in Japan, and there are likely to be legal reforms, etc., but I hope that crypto-based casino sites will gain strength in the future, and I will do my best not to lose to Japanese casinos.

[Merlison]

Well, yes, it’s easier in terms of taxes and many issues with governments.

[FGeorges]

Bank compliance pressure will inevitably lead to most online casinos who want to continue their business to adopt or even purely switch to crypto only payments.

[bon]

It's difficult to provide a precise timeline for the complete transition of all casinos to 100% cryptocurrency-based operations. While some casinos may adopt cryptocurrencies as part of their payment options in the near future, achieving universal adoption would likely take many years, if it happens at all. Additionally, traditional fiat currencies are likely to remain a significant part of the gambling industry for the foreseeable future, providing options for players who prefer more familiar forms of currency.

[Jacksonss]

Many casino operators call themselves cryptocurrency casinos, but in reality, regular Curacao-licensed casinos simply accept cryptocurrency.

[japacasi]

True. At this point, I am not sure what makes it "crypto casinos" to be honest. Is there any definition for that?

[Narumi Sano]

Umm, at least in case of Japan, it seems that its all going to be crypto real soon.
Due to the tightening of local laws.

[ChloeGarcia]

I don’t think all casinos will ever become 100% cryptocurrency. While crypto casinos are growing fast, many players still prefer traditional methods like cards, e-wallets, or bank transfers.

[ccbonuses]

I don’t think all casinos will ever become 100% cryptocurrency. While crypto casinos are growing fast, many players still prefer traditional methods like cards, e-wallets, or bank transfers.

That's is 100% true, but in my opinion younger generation is adopting crypto payments for everyday living in these days.. Stablecoins and etc, and all this with their crypto cards.. Older peoples will still use tradinitional payments to casinos.

[Karri]

I've been playing on BC Game and Stake a lot, and most of their in-house games like dice, limbo, and plinko have RTP 99%. Not sure where you've seen the 94-97% range, but that's more for traditional online slots.
Crypto casinos aren't just about paying with crypto. A big reason people like me play there is for the anonymity and no need for all the KYC stuff, massive wager races, instant payments, dividends, passive income, VPN friendly, etc.

Well, they say it's 99%. Which doesn't mean much, because 99% of in-house games (or "casino originals") are not certified or tested. That's why they also have Provably Fair in most games, as it's a smokescreen of "trust and fairness".

The growth of crypto casinos is not based on growth fo crypto, but outright illegal gambling. They just basically accept anyone and everyone.

[Ericon]

Fair point—crypto's on the rise, but traditional payment methods still have a strong hold for many players.

[betwithoutkyc]

how has this aged ?

[Edd]

Predicting the future of the casino industry and the widespread adoption of cryptocurrency within it is challenging. While cryptocurrency has made inroads in the gambling industry in recent years, it's uncertain when or if all casinos will become 100% cryptocurrency-based. Several factors will influence the pace and extent of this transition:

1. Regulatory Environment:
2. Market Demand:
3. Technology Advancements:
4. Competition and Innovation:
5. Economic Factors:
6. Cultural and Geographic Differences:

Crypto gambling will increase in each Geo where the local Gov introduces affordability checks...