Bitcoin Casinos, Sportsbooks Benefiting From Sharp Rise

Written by:
Aaron Goldstein
Published on:
Oct/25/2023

The price of bitcoin continues to surge in recent days and that has only served to benefit the dozens of crypto casinos and sportsbooks operating today. 

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Sharp Rise

Bitcoin has topped $35,000 for the first time since May 2022. The price of bitcoin is up over 20% in the past five days alone.

It's more than doubled its value. 

Rationale behind the sharp rise appears to be a result of the BlackRock exchange-traded fund for bitcoin appearing on a list controlled by the Depository Trust and Clearing Corp., a Nasdaq-operated clearing house for stocks and ETFs.  The company is the largest provider of ETFs in the world.

Crypto Casino Industry Thrilled

The more the price of bitcoin rises, the more interest in the cryptocurrency market overall is derived.  Likewise, operators are able to boost their existing inventory. 

It's nearly impossible to determine who the top players are in the crypto-only gambling space.  The reason for this is there are just so many brands, too many brands.   Nitrobetting has been in existence for a number of years, even before bitcoin was really a thing per se.

Gambling911.com focuses heavily on BSV blockchain-based gaming sites coming onto the market due to our familiarity with their chief proponents, billionaire investor Calvin Ayre among them.

Lil Bit is one of the newer BSV casinos that just joined the fray.  They currently utilize the Relysia Wallet, Twetch Wallet and Handcash wallets.  These are easy enough to download.

The most popular Bitcoin SV exchanges are KuCoin, HTX (Huobi), OKX and gate.io. CoinSquare is another exchange available in Canada.

Coinify is an exchange for BSV available in these US states:

    Arizona
    Arkansas
    California
    Colorado
    Connecticut
    Delaware
    District of Columbia
    Idaho
    Illinois
    Indiana
    Iowa
    Kansas
    Kentucky
    Maine
    Maryland
    Massachusetts
    Michigan
    Minnesota
    Mississippi
    Missouri
    Montana
    Nebraska
    New Hampshire
    New Jersey
    North Dakota
    Northern Mariana Islands
    Ohio
    Oklahoma
    Oregon
    Pennsylvania
    South Carolina
    South Dakota
    Tennessee
    Texas
    Utah
    West Virginia
    Wisconsin
    Wyoming

A Word About Blockchain Casinos

Blockchain technology brings greater transparency, security, and accessibility to the gambling industry, not to mention anonymity.

Remember to NEVER use an exchange to send funds directly to a crypto casino.  While it is doable, we strongly advise individuals to use a wallet as an intermediary.  Transferring directly between the exchange and casino not only eliminates the anonymous component when transferring funds, the exchanges can determine where the crypto is going. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

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You will be reading a lot about Fluid Live Wagering here on Gambling911.com, which is simply another term used to describe LIVE IN-PLAY betting interfaces for the Pay Per Head community. 

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