Both online gambling and digital currency use share some similarities. Both are growing rapidly and attracting a lot of interest. In spite of recent global economic problems, both industries have grown. The value of the international blockchain industry stands at $10,2 billion and that for online gambling is $63.5 billion.
While both sectors are ascending, crypto gambling is growing rapidly and now makes up a healthy portion of the global market— and betting accounts for a large proportion of blockchain transactions. The relationship between crypto and online gambling is symbiotic.
But Bitcoin betting isn’t the only area where the gambling industry is evolving. Online gambling sites are also embracing emerging technologies and changing the landscape of the industry.
In this article, we’ll explore the most recent developments in the gambling industry and explore what’s next.
Crypto betting and blockchain
In 2012, the first crypto-gambling website was launched. The site, named after the mysterious Bitcoin creator Satoshi Nakamoto, was created by Bitcoin entrepreneur Erik Voorhees. Since then, many crypto-betting websites have appeared. By the end of 2021 there were 304 crypto-betting sites. Less…