Gambling industry including the online casinos seems to have been stuck for the better part of the decade. Slumbering with little to no real innovations and generally struggling with legislative issues, US regulations and loss of online poker hasn’t really been helping the case for online gambling. However, during the last years, the Gambling industry has seen the rise of Bitcoin Casinos and eSport betting platforms such as Unikrn which will re-define the traditional Gambling industry.
Gambling industry, which was growing steadily being led by US markets, the “poker boom” and move online (which eventually marked as the foundation stone for online poker and it’s giants such as Pokerstars, Full Tilt Poker and PartyPoker), has been struck with regulations from left and right with countries jumping the bandwagon of bans and limitations after the initial US ban, but there seem to be signs of resurrection. Also, the lack of real innovations after the initial move to online gambling more than a decade ago hasn’t really helped the case, but maybe new waves are forming for all those who love the surf.
New Trends Are Lifting Some Wealthy Eyebrows
The new waves of gambling are looking to change the landscape of the industry. Leading the wave is, of course, blockchain with it’s biggest advocate in Bitcoin. The further rising demand in eSports lead by streaming service Twitch and YouTube are now being taken on by the gambling industry as well. Betting on CS:GO with Bitcoin can feel more natural for the Millenials than placing a normal bet on football on a fiat-currency casino. Latest move on the front coming from Unikrn, a blockchain based eSports platform, being granted licensing from Malta’s MGA is just part of this all.
Unikrn has established the services on Bitcoin alternative – Unikoin, which is based on ERC-20 Ethereum standard. Rahul Sood, CEO of Unikrn said that MGA licensing will enable adoption of new technologies in large scale:
“The European expansion means there’s going to be a large and soon-growing marketplace of users, including the real-money transition of already established users, who want to buy, exchange and use our token to bet on our platform.”
Unikrn is being backed by high-profile US-based investors such as Mark Cuban and Ashton Kutcher so this would signal the change is coming fast.
Unikrn & Blockchain Leading Innovations
Blockchain-based Unikoin and it’s token variants UnikoinGold and upcoming UnikoinSilver are looking to change the way gambling is done. Part of the appeal on the new tokens is that you might not necessarily need to wager or buy the tokens, but instead you might be able to earn them through participating in related eSports.
This change is definitely something new and refreshing. Without any promises, it seems like there might be possibilities for all casino fans to participate in the Bitcoin Casino games and excitement in totally new ways. Adding the Provably Fair games and other opportunities with blockchain innovations the industry might be looking for a real revolution.
How Will This All Affect Players?
For now, it’s impossible to know how things will go in the long run but the news are positive. Bitcoin Casinos have been creating a stable ground for new waves in gambling. If you are as excited as we are about new casino games, Bitcoin casinos and other opportunities brought by blockchain then future looks bright. The gambling industry is coming to a big revolution where those who like the excitement and rush will get to experience it without the stink of sweat and slow games of traditional land-based casinos.
If you haven’t yet tried the Bitcoin casinos and the new features then now it’s your time! We’ve got plenty of coverage on the Best Bitcoin Casinos available and remember to sign up for our newsletter for latest updates on the casino industry!