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New Era of Gambling. Now with Bitcoins.
It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities. This has been a trend for already some two years. Nevertheless, recently the online bitcoin gambling has marked an important step in its history, in March 2017 the total amount of the bitcoin bets has reached a very impressive number - one billion. The website bitcoincasino.info reports that there was a total of 22831 bitcoin bets per minute, and 380 bets per second. This gives us an idea that the bitcoin gambling is actually getting very popular despite the limited number of the bitcoin casino operators.
While these numbers look very exciting, the month of April has shown an even better dynamics. Just in the first week of the current month, there has been a total of three billion bets placed with the bitcoins, and their total value amounted to more than 520 million USD. While the BTC/USD rate keeps on growing (meaning that BTCs become less accessible), the gambling volumes go up. This clearly shows an increased interest in gambling with cryptocurrencies.
Even though this information can get someone by the surprise, some entities were expecting such a slump in the bitcoin gambling already a year ago. For example, the United Kingdom Gambling Commission has identified the growth of the bitcoin gambling sector and has stated that it sees the Bitcoin and other cryptocurrencies as an equivalent to money. Because of this, it has allowed the operators of the bitcoin gambling sites to apply for its license. And UK is not the only country that looks at the bitcoin gambling this way.
It is clear that the bitcoin gambling offers a larger set of benefits when compared to regular online casinos. First of all, gambling with the bitcoins is much more transparent. All of the BTC transactions are tracked, which allows a player to see the payouts from the casino. Besides that, depositing and withdrawing in bitcoins is much safer for the player’s credit score, as connecting such bitcoin transactions to person’s identity is a challenging task.
There are more bitcoin casinos appearing and quite a few of the regular online casinos are adding the bitcoins into its set of supported currencies. This gives us a clue that we are now seeing the a major update in the gambling industry.
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
PartyPoker Exits Australia -
From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.
Mercury Poker Live on Indian Poker Network -
Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.
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