As the name implies, crypto sports betting is the ability for a bettor to place a wager on the outcome of a sporting event using cryptocurrency. Like traditional sportsbooks, crypto sports betting and crypto sportsbooks allow players to wager on the same events that a traditional sportsbook would, but instead of gambling in fiat currency like dollars, euros, or pounds, the player wagers in cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and even Dogecoin.
Over the past couple of years the iGaming industry has had some exciting growth with more jurisdictions creating legal frameworks, in addition to technological advancements. This article covers 3 new iGaming technologies that will play a large role in driving the future of the industry. Continue reading to find out more about these cool technologies!
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At Lion Gaming Group, our turnkey casino software solution includes everything you need to start a crypto casino. Our casino software includes everything from a suite of Provably Fair table games to a powerful back office that lets operators easily streamline their player acquisition efforts.
In the iGaming space, there are many casino operators who brand themselves as a crypto casino because they have a payment rail for one or more cryptocurrencies. However there is a drastic difference between accepting cryptocurrency as a payment rail and using blockchain technology in your iGaming platform.
Many white label or turnkey casino software providers now offer support for cryptocurrency transactions these days. Unfortunately the vast majority of B2B casino software providers offer crypto support in a limited capacity.
In an effort to reduce its electricity consumption and quicken transaction speeds, Ethereum will be switching over to proof of stake as its consensus mechanism. The change is expected to happen in either May or June 2022, when miners will be replaced with validators.
This week you might have heard that the US was set to start taking a deeper look into regulating the cryptocurrency space. Here is a short explainer providing some background regarding the priorities of the executive order.
The terminology surrounding crypto can be hard to understand sometimes. The ecosystem surrounding crypto also extends beyond digital currency. Refer to this crypto glossary to get a better understanding of all the terminology that you hear regularly in conversations surrounding crypto
One of the biggest use cases for blockchain technology in the iGaming industry is utilizing on-chain transactions for wagers. We made this short brief to go deeper into that use-case.