Bitcoin has proven to be a worthy intermediary for games just like any other currency. Other digital currencies like Ethereum, Dogecoin, Tether, etc., are also suitable for betting. More and more bitcoin casinos are appearing, and visitors are getting a massive variety of entertainment.
Let’s learn more about today’s crypto gambling in the world and its regions. Here, we briefly review laws, statistics, and gaming offers in the digital coins market.
History and state of top bitcoin casinos gambling worldwide
Cryptocurrency gambling is games of chances, lotteries, sports betting, esports betting using digital coins. Total crypto gambling reached US$321 million in 2020. The total number of players holding digital coins is 41.9 million, according to triple-a.io.
The first documented use of cryptocurrency in gambling was in 2011. Back then, switchpoker.com and satoshidice.com offered customers poker and other titles using digital coins.
10+ years later, we see hundreds of crypto coins casinos. Furthermore, traditional gambling platforms are adding digital payment gateways to their lists. Additionally, we see specific bitcoin live casinos, betting shops, slot machines, bingo, and other entertainment sites.
For example, predominantly cryptocurrency brands such as Bitstarz, mBit, 7BitCasino have appeared on the market and have been working for several years. Most of these sites operate thanks to reliable platforms such as SoftSwiss. Such a backend supports fast game launches and seamless transfers in digital coins.
Such platforms offer vast collections of gaming products that may meet any player requirements. It’s possible thanks to providers which include digital coins in their products. You can now play crypto games made by Microgaming, NetEnt, Booming, Play’nGO, Habanero, etc.
Over the years, gambling operators have taken advantage of the progress in the blockchain industry and offered tools to verify the integrity of games. For example, Provably Fair is a technology by which a player can confirm that the results of game rounds are 100% random. After all, blockchain is a novice tech removing the possibility of data manipulation.
Real bitcoin casinos mainly conduct transactions in the top 20 currencies: Bitcoin, Litecoin, Ethereum, Ripple, Tether, etc. All transfers go in several minutes, thanks to state-of-art tech.
Bitcoin Casino In Germany & Europe
The European Union has pioneered the legalization of cryptocurrencies. Throughout 2021, attempts were made to create legislation to streamline the operation of digital coins, real bitcoin casinos in Germany and Europe.
The so-called MiCA is a regulatory framework for cryptocurrency providers and trading exchanges. Malta is leading the way in drafting the regulations:
- MDIA — Malta Digital Innovation Authority, which regulates crypto;
- ITAS — Innovative Technology Arrangements and Services Act, regulations regarding cryptocurrency software;
- The Malta Virtual Financial Assets Act — the law of virtual financial assets.
More than 5.9 million players in Europe own and play cryptocurrency. That’s 14% of the world’s players, according to triple-a.io. That said, Europe has a very high growth rate, with bitcoin casino Germany (in that country alone) growing by 1,021.43% during 2021.
Bitcoin Casino In North America
There are currently no laws in the US that prohibit i-gaming in crypto casinos USA. However, the United States are still rather negative towards gambling on digital assets. For example, the Nationwide Unlawful Internet Gambling Enforcement Act bans betting on cryptocurrencies. Therefore, it places bitcoin casinos in the US in an illegal zone.
Nevertheless, the country’s cryptocurrency players are actively growing – 536.96% during the year, according to Cryptogamble.tips. In addition, clients at bitcoin casino Canada have added 748.98% to their rosters. For the year, revenue from cryptocurrency gambling platforms was $80.3 million in North America.
The best crypto casinos in Canada provide a massive range of entertainment, from slots to live casinos and sports wagering. All titles are available using Bitcoin, Litecoin, and 20 more coins.
According to estimations, the crypto gambling market will reach 97.99% billion by 2025Author
Bitcoin Casino In Australia
Australia is well-known as one of the riskiest countries. They love gambling trend continues in crypto Aussie casinos as well. For example, the Australian business named Stake is one of the world’s largest digital coin gambling sites. Experts believe that the volume of transactions per year reaches $1 billion.
This situation is possible because of Australian laws. Online gambling sites have been banned for over 20 years. But if an Australian online casino does not serve players inside the country and does not advertise its services in Australia, it can operate legally. For example, the Stake mentioned earlier had been licensed in Curacao.
Australia is part of the Asia-Pacific region, which ranks first in crypto-gambling:
- 22.6 million cryptocurrency players (54% of global volume);
- $157.3 million in revenue generated from real bitcoin casinos (49%).
Australia takes a big chunk of that pie. One reason for this is that the country legalized cryptocurrency back in 2006 and introduced it into the Anti-money Laundering and Counter-Terrorism Financing Act. That way, digital coins were recognized and regulated.
Thanks to coins, we can explore online casinos no deposit bonus keeps what you win in Australia. There is also bitcoin casino blackjack, roulette, slots, and other forms of entertainment.
The future of crypto gambling worldwide
Ansoff analysis has estimated that the crypto gambling market will reach $97.99 billion by 2025, primarily from the increased Internet penetration in the most remote corners of the planet.
Furthermore, the gaming industry, including gambling, is growing in importance because of the pandemic and post-pandemic environment. Operators improve user experience, offering new interaction formats and gaming products. All this means that crypto-gambling will become one of the top industries in the world.