In recent years, there has been a massive rate of technological advancement, adoption, and inclusion of cryptocurrency in various industries including the gambling industry. Even though cryptocurrencies were released about a decade ago, it has been infused into the gambling industry. Bitcoin and other cryptocurrencies are now accepted as a form of payment, and different types of cryptocurrency games are now accepted and played in a casino. There are over 1000 bitcoin games, and Bitcoin roulette is one of the most popular casino games.
Crypto casino games versus online crypto casino games
Traditional casinos are one of the popular forms of entertainment where cryptocurrencies like bitcoins are used for payments and for funding their games. Typically, a traditional casino is filled with people who enjoy the thrill of winning and losing money in an enclosed space. This is good for gamblers that love socialization and loves to be around people. There are various types of games available in a crypto casino, so you have a wide range of options to pick from.
Due to the advent of technology and its advancement, online gambling has been growing. Bitcoin games are now available on online betting platforms for new and old gamblers. This means you can assess your favorite crypto games from the comfort of your home, at any time, or any place from your mobile device. This provides you total control and anonymity as a player. To play on any of these platforms you have to register first and provide your details and go ahead with payments.
The online gambling market is expected to double by the year 2024 to be valued at more than $94 billion, according to Statista, so it is important to key into these gaming platforms. As you can probably guess, both the crypto casino games and the online crypto casino games offer nearly the same experience on the surface.
The spectrum of Bitcoin online games available tends to be smaller due to compatibility issues. This means that some cryptocurrency games cannot be played online because they do not meet up the requirements for licensing an online crypto game. Hence, they are not compatible with all online betting platforms, and they will not be accepted, supported, or included.
Acceptance/inclusion of online cryptocurrency games
Some cryptocurrency games are not accepted or included on all online betting platforms. Several factors are influencing the acceptance and inclusion of cryptocurrency on online betting platforms. Some of these factors include:
- Country’s regulations and laws: Each country has its gambling authorities also known as the gambling control commission that set these laws regarding gambling. The main function of these regulatory bodies is to uphold these gambling laws and to protect the rights of gamblers. Every country has its own rules and regulations in terms of the types of games accepted to be played on an online casino. These laws are updated from time to time, and it is important to familiarize yourself with these laws. Some countries will exclude some cryptocurrency games for various reasons, some of which are, to protect their gambling revenue, to uphold their principles that oppose online gambling, etc.
- Trust: Because, unlike the fiat currency, cryptocurrency is not controlled by any institution, such as a central bank, it still has a shaky level of acceptability and inclusion. Therefore, some cryptocurrency games are not supported on some betting platforms.
- Legality: in some countries, gambling is illegal, so, they outlaw both offline and online gambling altogether or heavily restrict it at least. Hence, some betting platforms are not accessible, and the ones that are accessible will have limited options of online cryptocurrency games. Hence, it is important to know the types of gambling options and types of games that are popular in a particular country or state.