iamsheikhadil Posted September 25, 2019 #1 Posted September 25, 2019 I was wondering if it was possible that a time will come when all gambling sites including major sports gambling sites which will only accept crypto and no fiats?! As the gambling industry grow, stigma around it grows too. Hence many countries everyday are trying to regulate or even ban gambling! Crypto can help people to gamble without revealing their true information or identity. And since crypto is growing so fast, I think, the time will come soon when all sites will accept crypto as the only payment option! What do you think?
Thepug Posted September 25, 2019 #2 Posted September 25, 2019 I really can't imagine this happening. Some sites would prefer financial stability, and with the price of crypto being unstable because of the fluctuating demand, some businesses would prefer to play it safe and use actual real life currencies E.g. USD/Euro. This means that they can have stable profits and remain in the industry. I saw some crypto sites shut down in the years because of the drastic loss that it had.
wiro212sableng Posted September 25, 2019 #3 Posted September 25, 2019 3 hours ago, iamsheikhadil said: I was wondering if it was possible that a time will come when all gambling sites including major sports gambling sites which will only accept crypto and no fiats?! As the gambling industry grow, stigma around it grows too. Hence many countries everyday are trying to regulate or even ban gambling! Crypto can help people to gamble without revealing their true information or identity. And since crypto is growing so fast, I think, the time will come soon when all sites will accept crypto as the only payment option! What do you think? Stake will comes mate.
wngo123 Posted September 26, 2019 #6 Posted September 26, 2019 I don't think so. I don't see any reason why all gambling sites should go all crypto. unless they make gambling illegal around the world and people will stay in crypto casinos or something like that. But from my observations fiat currency casinos are still the most popular and I don't see any reasons why they wouldn't stay this way.
Thepug Posted September 26, 2019 #7 Posted September 26, 2019 1 hour ago, wngo123 said: I don't think so. I don't see any reason why all gambling sites should go all crypto. unless they make gambling illegal around the world and people will stay in crypto casinos or something like that. But from my observations fiat currency casinos are still the most popular and I don't see any reasons why they wouldn't stay this way. I completely agree with you. Like what I said before, not everyone like crypto gambling and they just like seeing a dollar sign/ euro next to their balance. This makes it easier for them to gamble and they know how much they are wagering. I enjoy watching slot streams and most of the people just use GBP, instead of crypto. I asked them before why they don’t play on crypto sites and their simple answer was that it was too confusing for them. Crypto can be hard to get in to and certain casinos might never adopt it, because of the uncertainties in price levels with it.
zulfandina Posted September 27, 2019 #8 Posted September 27, 2019 yeah .. i believe that ... someday crypto will dominate world trade .. control all economies of any sector ... for those who reject crypto at this time, I will definitely regret it later on
niki014 Posted September 27, 2019 #9 Posted September 27, 2019 ''Crypto can help people to gamble without revealing their true information or identity.'' not in all the gambling websites on most of gambling websites with slots and such a things you have to verify you information so you can cashout and i dont think this time will ever come cuz people still enjoy gambling with real money some of them prefer to gamble real money then btc way easier to cashout to cash then to cash out btc to cash + there is countries where dosnt matter how you made the btc if you sell it you need to pay % tax for income which mean if you won 1k u need to pay 100 to cashout the money you won with gambling while when you gamble in casinos with cash you pay no tax cuz u risk you money in a way thats better
zulfandina Posted September 27, 2019 #10 Posted September 27, 2019 On 9/26/2019 at 4:05 AM, Thepug said: I really can't imagine this happening. Some sites would prefer financial stability, and with the price of crypto being unstable because of the fluctuating demand, some businesses would prefer to play it safe and use actual real life currencies E.g. USD/Euro. This means that they can have stable profits and remain in the industry. I saw some crypto sites shut down in the years because of the drastic loss that it had. the stability of the value of the market share is unpredictable, the risk is still in every step made, .. even so, it is also possible that the crypto value that has dropped dramatically now could skyrocket beyond expectations ... so we cannot judge from any aspect even in life real
nuuuitsjdragon Posted September 27, 2019 #11 Posted September 27, 2019 It’s possible! That would mean quite a high level of mainstream penetration as players using fiat have to be comfortable with the idea of using Crypto for their betting sessions. The casinos can always move this one step forward by offering incentives and bonuses to use Crypto though.
jkd123 Posted September 27, 2019 #12 Posted September 27, 2019 Dont think so, many online casinos not anonymous and kyc required to play or make withdraw request or when claiming bonus. Its litle different with crypto based casino.
sheenazbay Posted October 16, 2019 #13 Posted October 16, 2019 it's possible, but I think there is still a fiat bet, not all sites will use crypto because the fluctuating crypto price makes some sites think of using it. but maybe, I don't know for sure about the future
j240 Posted October 18, 2019 #14 Posted October 18, 2019 Hello there , I think there will be a possibility that most gambling sites will be crypto based, but i think theyll be using a crypto fiat coin cause prices of crypto flactuates every second , in the past not many people believe in cryptocurrency , after a few years look at btc , and now many coins follow its footsteps , so yeah i think in the future majority of it will be crypto based. Have fun!
cukup2 Posted October 18, 2019 #15 Posted October 18, 2019 maybe this will become a reality because now more and more people are using crypto coins to become a transaction tool, even I see from a United Nations (UN) site that they are willing to accept donations by using crypto coins, hopefully this will be the first step for many to use crypto coins
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