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SOFTSWISS Reveals Crypto Betting Shift in 2024: Altcoins Command Nearly Half of Crypto Bet Sum

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As Bitcoin’s value skyrocketed in 2024, crypto betting saw a significant shift, shaking up the iGaming industry. Altcoins now account for nearly half of all crypto wagers. SOFTSWISS, a global tech provider and pioneer in crypto gambling, unveils Bitcoin’s game-changing impact in its annual ‘State of Crypto’ overview.

According to the 2024 annual crypto industry report, with its market capitalisation soaring to approximately 1.8 trillion euro, Bitcoin alone accounted for more than half of the total cryptocurrency market value, further solidifying its influence in both traditional and digital financial ecosystems. SOFTSWISS experts analysed data from over half of a thousand brands to reveal relevant crypto tendencies that evolved during 2024.

 

The Big Picture: Stable Growth in the iGaming Landscape

SOFTSWISS data shows that the Total Bet Sum, encompassing both fiat and cryptocurrency, grew by 35.9% in 2024 compared to the previous year. Similarly, the Total Bet Count experienced the same growth rate, reflecting a strong upward trend in overall betting activity.

A detailed analysis since 2022 highlights a significantly faster rise in fiat bets compared to crypto. During 2024, the Fiat Bet Sum surged by 40.1%, showcasing its stable growth. Meanwhile, a more cautious approach toward crypto payments has resulted in a slower growth rate for the Crypto Bet Sum. This shift contributed to a 2.5-percentage-point (p.p.) decline in the crypto share[1] in 2024, emphasising the increasing dominance of fiat transactions in the betting landscape.

 

[1] Based on data from ongoing projects

 

Bitcoin’s Exchange Rate Impact

SOFTSWISS data confirms that cryptocurrency continues to play a significant role in iGaming payments. In 2024, the Crypto Bet Sum increased by 18.7% compared to the previous year. However, the Crypto Bet Count declined by 12.8%, indicating a more cautious approach to crypto betting amid Bitcoin’s rising exchange rate.

The surge in Bitcoin’s value also drove a 1.4x increase in the average crypto bet in 2024, while the average fiat bet remained stable. This trend highlights a strong correlation between the total wagered sum and fluctuations in cryptocurrency exchange rates.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “The sharp appreciation of Bitcoin in the final quarter of 2024 led to a more conservative approach among players toward crypto betting. At the same time, the increased value of Bitcoin resulted in higher average bet amounts, positively impacting the overall Crypto Bet Sum. As Bitcoin’s exchange rate fluctuates, players are anticipated to continue adopting a more cautious approach when wagering their Bitcoin.”

Altcoins Make up Nearly Half of Crypto Wagers

Altcoins’ share growth is another significant trend gaining momentum during 2024. According to SOFTSWISS data from operators reporting in crypto, the top five cryptocurrencies in iGaming – Bitcoin, Ethereum, Litecoin, Tether, and Dogecoin – have consistently formed the top 5 ranking over the years. However, their market dynamics have shifted significantly.

In 2023, altcoins represented only 26.8% of total bets, but this share surged to almost half in 2024, reflecting a growing preference among crypto players for alternative digital assets. In 2024, Bitcoin’s share dropped by over 17 percentage points, while Tether increased by 7.3 p.p., Litecoin grew by 6.5 p.p., and Ethereum rose by 3.4 p.p.

 

A new trend is emerging in iGaming, where established brands like Rollbit and Shuffle leverage proprietary tokens to enhance player engagement. These gaming-specific tokens offer seamless integration, reduced volatility, and exclusive perks, fostering innovation in payments and business growth. By creating internal ecosystems with unique rewards and potential external partnerships, proprietary tokens strengthen player loyalty. However,  developing these tokens requires significant resources, including substantial marketing budgets, to build trust and encourage adoption.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “Bitcoin’s rate surge in 2024 has driven higher average crypto bet sizes, yet the decline in total crypto bets suggests players are diversifying and managing risks more cautiously. The growing adoption of altcoins and proprietary gaming tokens highlights a shift toward more stable and engaging financial ecosystems. For operators, balancing fiat and crypto while leveraging payments innovation will be crucial for sustained growth in the evolving iGaming landscape.”

 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS complies with a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 27,800 casino games, the Affilka Affiliate Platform, the Sportsbook Software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.

The post SOFTSWISS Reveals Crypto Betting Shift in 2024: Altcoins Command Nearly Half of Crypto Bet Sum appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Black Lagoon Games to present Next-Gen game families for Africa at SiGMA Africa

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Black Lagoon Games, an innovator in immersive gaming, is set to introduce its groundbreaking suite of slot game families at SiGMA Africa, tailored specifically for Africa’s mobile-first audience.

Unlike standalone titles that fade after a few plays, game families create a connected, evolving experience that keeps players engaged. Each family of games is built around a proven theme, familiar mechanics, and progressive features, ensuring players don’t just try a game once – they stay, explore, and return. Black Lagoon Games is launching not just games but entire ecosystems of games, where players seamlessly move between titles within the same game family, discovering new surprises while enjoying a familiar experience.

Black Lagoon Games’ portfolio harnesses the agility of digital play, delivering a dynamic experience that redefines modern gaming. Designed to enhance engagement and nurture loyalty, they evoke the timeless emotional connection of classic slot experiences and the nostalgia of land-based gaming. The content provider’s advanced operator tools further empower partners to create bespoke promotional strategies and heighten player experiences.

Backed by a deep understanding of Africa’s iGaming market, Black Lagoon Games’ solutions address diverse player preferences with features for smaller bet sizes and robust backend performance. This technical prowess ensures that the traditional slot machine feel is translated onto mobile devices, offering both reliability and the cherished familiarity of classic gaming.

The Black Lagoon Games team will be in Cape Town for SiGMA Africa from March 10th to March 12th.

Black Lagoon Games CCO, Jan Ridenfeldt, commented: “For us, SiGMA Africa isn’t just another event, it’s the jewel in the crown of Gaming shows. It’s where Black Lagoon’s vision comes to life. Our mission is to deliver high-quality, truly localised games that appeal to African players and operators. We’re bringing fresh, culturally attuned game families that are authentic, not just reskinned versions of global hits. And with our lightning-fast production and seamless integration, you won’t have to wait to bring these experiences to your players. Be an early adopter and beat your local competition. Let’s meet in Cape Town and make it happen!”

The post Black Lagoon Games to present Next-Gen game families for Africa at SiGMA Africa appeared first on European Gaming Industry News.

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Play’n GO’s Medusa’s Madness Unleashes a Stone-Cold Challenge

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Prepare to face the legendary Gorgon in Medusa’s Madness, a mythology-infused slot where every cascade brings players closer to her petrifying power.

Step into the depths of Medusa’s lair, where a 5×5 cascading grid slot awaits those daring enough to confront the serpent-haired queen. Clusters of four or more symbols trigger wins, charging the mysterious Portal to unlock powerful effects. With Special Wilds, symbol removals, and the chance to summon Medusa’s Mega Wild form, players must tread carefully if they hope to escape unscathed.

Medusa’s Madness weaves together rich storytelling and compelling mechanics, drawing on Greek mythology to create an atmosphere thick with tension and anticipation. The eerie ruins of her domain serve as the perfect backdrop, while symbols like winged sandals, gleaming helmets, and ominous serpents enhance the game’s immersive experience.

The Portal stands at the heart of the gameplay, storing energy from cascades to trigger formidable effects such as Petrify, which obliterates entire rows or columns, and Gaze, which removes matching symbols. Reaching 42 symbol wins unlocks the Other World Free Round, where multiple Portal Effects unleash chaos on the grid. Those who dare to open every Eye Mark in this realm will summon Medusa’s colossal Mega Wild, delivering a finale worthy of legend.

Head of Game Retention at Play’n GO, George Olekszy, said: “Our mythology-inspired slots continue to resonate with players, and Medusa’s Madness takes that to another level. The cascading mechanics, Portal Effects, and the imposing presence of Medusa herself ensure that every round builds suspense and excitement. This is a game where strategy and myth collide in spectacular fashion.”

With its atmospheric visuals, layered features, and high-stakes gameplay, Medusa’s Madness challenges players to defy fate and claim legendary riches – if they can withstand the Gorgon’s gaze…

The post Play’n GO’s Medusa’s Madness Unleashes a Stone-Cold Challenge appeared first on European Gaming Industry News.

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ACR POKER’S PUNTA DEL ESTE SATELLITES BRING PLAYERS BACK TO URUGUAY FOR THE ULTIMATE POKER ADVENTURE

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Turn $95 into a shot at the $500,000 guaranteed Enjoy Poker Tour Main Event

ACR Poker’s popular Punta del Este Satellites return this month, offering players an incredible opportunity to win a dream poker vacation to the sun-soaked shores of Uruguay for the Enjoy Poker Tour in May.

“Our Punta del Este Satellites are always a hit, offering players a shot at the $500,000 GTD Enjoy Poker Tour Main Event in Uruguay,” said ACR Pro Chris Moneymaker. “With ACR Poker guaranteeing another round of packages, this is the perfect chance for players to turn a small buy-in, or even a free entry, into an unforgettable poker adventure. I can’t wait to see who wins their way there.”

The Punta del Este Satellites are guaranteeing 16 exclusive packages, worth $88,000 total, during ACR Poker’s Beast Tournament. Satellites take place on Sunday, March 9th and 16th at 5:05pm ET, with eight guaranteed packages up for grabs in each. Players can secure their seat for $95 or qualify for free by ranking on the Beast weekly leaderboard.

Each package is valued at $5,500 and includes a $1,650 ticket to the $500,000 GTD Main Event, 10-nights luxury accommodation at the stunning Punta del Este Resort and Casino from May 2nd to 12th, airfare, spending money, and more. With premium poker action, pristine beaches, and top-tier amenities, it’s the perfect mix of competition and relaxation.

From epic battles to career-defining moments, ACR Pros have long been at the heart of the action at the Enjoy Poker Tour in Uruguay. Recent standout performances include ACR Pro Ana Marquez’ victory in the Ladies Event this past February, Chris Moneymaker’s impressive $179,770 win in the $1 million GTD Main Event last August and Jeff Boski’s career-best cash of $154,310 in the $3,300 buy-in High Roller.

ACR Poker has a strong history of sending players to exotic destinations, guaranteeing over 50 packages worth more than $330,000 to Uruguay last year alone. With more guaranteed packages available, players have a golden opportunity to turn a small investment into a poker trip of a lifetime just like online qualifier Daniel Fantoli from Hungary, who won his way to the Enjoy Poker Tour last month.

To stay updated on upcoming tournaments, including the Punta del Este Satellites, and add them to your calendar, check out ACR Poker’s schedule.

For more information on the Punta del Este Satellites, visit ACRPoker.eu.

 

The post ACR POKER’S PUNTA DEL ESTE SATELLITES BRING PLAYERS BACK TO URUGUAY FOR THE ULTIMATE POKER ADVENTURE appeared first on European Gaming Industry News.

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