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Understanding The Role of Cryptocurrency in the Gambling Industry
With billions of dollars wagered each year, the online gambling business is one of the largest in the world. The gambling industry is always being redesigned and redefined. The majority of them are the product of technological advancements and the requirement to cater to various types of players. Because they seek to fulfil the new demands of the ever-changing online gaming business, many gambling platforms embrace technical breakthroughs and the latest trends.
Many industries are always wary of accepting new developments too quickly because they are unsure of their long-term consequences. Others are waiting to see how they will impact industries that are quick to accept them. Yes, The fear of risk!
Players face legal constraints, as well as fraud and cheating by other players and shady operators, and must rely on third parties to verify that games and monetary transactions are fair. Consumers and operators will pay more for online gambling as a result of these procedures, checks, and balances, which will limit their options. Betfury.io, A Bitcoin Casino has been introduced as a platform with crypto solutions based on blockchain. We will see below how betfury is taking advantage of cryptocurrency.
What is Blockchain?
Blockchain technology is a cutting-edge framework that has the potential to redefine transactions and change the way we connect and do business. Blockchain, the technology that underpins cryptocurrencies like bitcoin, allows for the recording of transactions in a secure, protected ledger using a distributed, networked database structure safeguarded by hashing power. This enables transactions to take place without the use of an intermediary that are permanent, unchangeable, anonymous but transparent, and ‘trustless’ – that is, transactions that take place without the potential of interference.
Now, you must be well aware of cryptocurrency, as it’s a hot topic these and it’s all blockchain. Also, you are in luck today if you are a gambler who is also interested in cryptocurrencies.
Role Of Cryptocurrency in the Gambling World
Cryptocurrency is a digital currency with strong cryptographic security. It exists only in a virtual sense, which means it is intangible. Cryptocurrency is decentralized since it is based on blockchain technology. It makes use of blockchain technology to give the best digital banking services.
For players, operators, and regulators, we explain how blockchain technology and cryptocurrencies are revolutionizing the gaming business. Betfury.io is making a huge difference from the traditional casinos by integrating the crypto world.
Bitcoin and online gaming offer a safe, secure, rapid, and comfortable environment for transactions. Because of these factors, online casinos and gambling sites have grown in popularity.
Main benefits that cryptocurrencies can transform the industry includes:
- Instant transactions: Cryptocurrencies can make the transactions happen quickly (near-instantaneously), including automatic and prompt withdrawals and/or deposits.
- Non-reversible Transactions (no chargebacks)
- Low overhead fees (no deposit or withdrawal fees): allowing bitcoin casinos to have a very low house edge.
- Players Anonymity: can maintain their anonymity, allowing them to circumvent rules (for example, betting in locations where gambling is illegal).
- Nothing to handle (e.g. accounts)
Enhanced Safety
Because blockchain technology is one of the safest ways of performing transactions online, you can do all of your transactions and even share your confidential info with crypto without danger of them being leaked.
Furthermore, with blockchain technology, it is impossible to tamper with your transactions. Many gamblers prefer to bet in privacy, and using any sort of cryptocurrency allows them to make anonymous deposits.
Better Credibility
Players can benefit from safe deposits and withdrawals, quick transactions, and a more immersive gaming experience when they use cryptocurrency.
It’s no surprise that a slew of crypto casinos and sports betting sites have popped up to take the place of operators who still use fiat currencies and regular banking methods.
Increased Bonuses & Promotions
Because crypto transactions are end-to-end, they are less expensive to process. There are no middlemen involved in sending or receiving crypto currencies. This is why online casinos that take cryptocurrencies provide their customers with some of the best incentives and promotions. For both the operators and the gamblers, this is a win-win situation.
The incentives are better since they have player-friendly terms and conditions, such as wagering requirements that are simple to meet. This means that if you win with your bonus, you can easily convert your free credits into real money, which you may withdraw or spend to continue playing.
House Edge
If you’ve ever visited a brick-and-mortar casino, you’re familiar with this term. Here, the winner must pay the casino owner an average amount. As a result, the winner is frequently required to give the casino owner a significant portion of their winnings. This difficulty is remedied by the use of cryptocurrencies, as the winning money is directly credited to the winner’s account. Notable development – The blockchain application in gambling is not only a fad; rather, there has been significant progress in this industry.
Final Thoughts
Online casinos and cryptocurrency are two technological innovations that have been put together for better outcomes. Crypto casinos and betting sites provide a plethora of advantages. Players will benefit from a safer gambling environment, better bonuses and promotions, faster withdrawals, and instant deposits as a result of this.
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Everything you need to know ahead of Saturday 29 November, when Red Bull’s one-of-a-kind League of Legends tournament ‘Red Bull League of Its Own’ is set to make its grand return.
Taking place in the iconic SAP Garden in Munich, reigning champions and esport titans T1, along with some of Europe’s most celebrated teams – G2 Esports, Karmine Corp, NNO Old and Los Ratones, will go head-to-head in an unmissable end-of-year showdown.
Red Bull League of Its Own 2025 is set to light up Munich’s SAP Garden, turning the state-of-the-art arena into an electrifying esports stage in the heart of Olympic Park. 11,500 fans will fill the stands, with countless more watching online, as international icons and Europe’s elite face-off in this year’s ultimate League of Legends clash. Red Bull League of Its Own is all about pushing the action to the limit, delivering high-energy matchups, unexpected twists, and the possibility of mixed rosters that keep every game fresh. All matchups will be played in a Ultimate Fearless best-of-1 format, keeping every game high-stakes and unpredictable.
The 2024 Red Bull League of Its Own delivered an unforgettable spectacle in Paris’ Accor Arena as T1 swapped roles, Los Ratones stunned after causing an upset, and Rekkles made a triumphant reunion on stage. This year’s edition aims to raise the bar even higher, promising elevated competition and moments that will captivate the global League community once again.
Returning as the official Monitor Partner for 2025, AGON by AOC will once again deliver high-performance gaming monitors to ensure contestants get the ultimate gaming experience. Razer makes its debut as the official Chair Partner of Red Bull League of Its Own, bringing the Razer Iskur V2 – an ergonomic chair built for comfort, durability, and focus – to keep players at their best throughout every match. MSI also joins as the official Gaming PC and Laptop Partner, while KFC comes on board for the first time as an event partner.
With record viewership last year, Red Bull League of Its Own 2025 promises unforgettable clashes, daring strategies, and moments fans will talk about long after the final match.
See below for full event details, timings, and where to watch.
Schedule:
- -15:00 CET – Opening Ceremony
- -15:15 CET – G2 Esports vs NNO Old
- -16:00 CET – Los Ratones vs Karmine Corp
- -17:00 CET – G2 Esports vc Karmine Corp
- -18:00 CET – T1 vs Match 3 Winner
- -19:00 CET – T1 vs NNO Old
- -20:00 CET – T1 vs Los Ratones
Talent:
- -Eefje “Sjokz” Depoortere – Host
- -Keltoum “Giniro” Baddaje – Host
- -Robert “Dagda” Price – Caster
- -Aaron “Medic” Chamberlain – Caster
- -Joe “Munchables” Fenny – Caster
- -Daniel “Aux” Harrison – Caster
- -Jona “JustJohnny” Schmitt – MC
- -René “MasterPlay” Geigenberger – MC
On-Site Streamers:
- -Caedrel
- -Kameto
- -NNO Old (NoWay, Tolkin, Agurin, Karni, and Broeli)
- -Ilha das Lendas (Baiano, Tay, Brucer, and Pedro Bosco)
Where To Watch:
- -Fans can tune in to Red Bull Gaming’s YouTube and Twitch channels at 3 PM (UTC+1).
- -YouTube: youtube.com/live/mNV9ZU_YunA
- -Twitch: twitch.tv/redbull
The post Legends Collide and the Stage Ignites at Red Bull League of its Own 2025, Munich appeared first on European Gaming Industry News.
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1xBet has signed a partnership with the VALORANT roster of esports powerhouse MIBR, becoming the first-ever official betting partner in the Riot Games ecosystem.
Under this partnership, 1xBet and MIBR will focus on creating a new, immersive fan experience, strengthening the team’s global fanbase, and boosting overall engagement with VALORANT.
MIBR’s VALORANT roster currently includes players from the United States and Brazil. Over the past few years, the team has been a regular competitor in VCT Americas, and in 2025 they qualified for VALORANT Masters Toronto — the only Latin American team to do so. Later that year, MIBR also earned a spot at VALORANT Champions 2025, finishing in the Top 5 worldwide.
Beyond their esports success, MIBR continues to expand its media presence through collaborations with leading Brazilian influencers such as Sacy, producing original entertainment content, and hosting watch parties during major tournaments — all helping the organization remain one of the most talked-about and fan-favorite names on the regional scene.
Among the team’s stars is Erick ‘Aspas’ Santos, widely regarded as a VALORANT legend in Latin America. In 2025, he set the VCT Americas record for the most kills in a BO3 series and became the first player in VALORANT Champions history to surpass 1,000 kills across tournaments (2022–2024). Outside of competition, Aspas is a three-time Prêmio eSports Brasil “Athlete of the Year” winner and a massive fan favorite — during VCT Americas 2024 Kickoff, he became the most-mentioned player on Twitch chats, with over 11,300 mentions.
1xBet is one of the most recognized brands in esports betting, regularly supporting major global tournaments and sponsoring top-tier teams around the world.
Simon Westbury, Strategic Advisor at 1xBet: “This is a historic step for 1xBet — becoming the first official betting partner of an esports team within the Riot Games ecosystem. MIBR features some of the most talented and visible players in Latin America, and together we aim to strengthen VALORANT’s presence across the LATAM region, elevate its appeal internationally, and deliver a unique fan experience for audiences around the globe.”
Raphael Castanheira, MIBR’s Director of Marketing and Partnerships: “Being the first organization in the entire Riot ecosystem to obtain approval for a betting sponsorship is a direct result of how MIBR operates today, as an organized company with robust governance, clear processes, and protected by policies that put competitive integrity at the forefront. ”
The post 1xBet Becomes the First Official Betting Partner of MIBR’s VALORANT Team appeared first on European Gaming Industry News.
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ComeOn Group climbs to 21st place in the EGR Global Power 50 following a year of strategic growth
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Leading iGaming operator ComeOn Group has secured the 21st position in the 2025 EGR Power 50 rankings, reflecting a year defined by expansion, product innovation, and strengthened regulatory presence across Europe.
In 2025, the Group broadened its footprint in the regulated European markets with the launch of its casino-first brand Casinostuen in Denmark. The Group also advanced its activities in the Netherlands through the operation of Evoke’s 888 brand within the regulated Dutch market.
ComeOn Group continues to benefit from its strategic focus on locally regulated jurisdictions, which is powered by its own technology platform including an in-house sportsbook platform, proprietary games studio SpinOn, and unique, innovative jackpot products have been key contributors to differentiation and growing market share in core territories.
Juergen Reutter, Chief Executive Officer, said: “Our proprietary technology is powering our products and services, giving us a strong competitive edge in highly dynamic and regulated markets. This foundation allows us to innovate faster, deliver differentiated experiences, and scale with confidence.
At the same time, artificial intelligence is transforming how competitive we can operate. We’ve equipped our teams with the tools and governance to experiment boldly and apply AI where it creates the most value. At ComeOn Group, we want to learn faster than our competition, because speed, agility, and innovation are essential to staying ahead in this industry.”
The Group closed the period with strong financial performance, demonstrating consistent growth across all key indicators for the 12 months ending 30 June 2025. Combined with the company’s increased market reach and accelerated innovation initiatives, ComeOn Group enters the coming year with robust momentum and a strengthened market position.
The post ComeOn Group climbs to 21st place in the EGR Global Power 50 following a year of strategic growth appeared first on European Gaming Industry News.
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