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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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ELA Games Scoops Up Triple Nominations at the European iGaming Awards 2026
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The studio picks up three major nominations going into 2026
ELA Games is proud to announce that it has received three major nominations at the European iGaming Awards 2026, reflecting the studio’s creative direction, performance-driven development, and leadership in innovation.
The nominations include:
- Most Innovative Slot Game — Joker Winpot
- Slot Game of the Year — Joker Winpot
- Rising Star — Marharyta Yerina, Managing Director of ELA Games
Joker Winpot Shines
Joker Winpot has continued to perform spectacularly, quickly becoming one of the studio’s standout titles. Its strong visual identity, simple-to-understand mechanics, and innovative format with the Winpot feature make it a game that gives players agency with high replayability.
Operators who have connected to the ELA Games catalogue have reported significant increases in key metrics following the adoption of Joker Winpot in their casino lobbies, including a GGR increase of +1128%, Actives: +878%, and Turnover: +1517%. These impressive results have helped the game gain recognition among peers, with it being shortlisted for two major categories at the upcoming European iGaming Awards.
Value in Creativity
ELA Games’ core operational philosophy of blending bold creativity with user- and operator-focused performance has propelled the studio to become a significant newcomer in the industry. Players recognise ELA Games’ signature visually rich art style and actively seek the studio’s games out in casino lobbies, as evidenced by impressive year-on-year growth.
Marharyta Yerina, Managing Director, was also nominated for the “Rising Star” individual award. Her contributions to the iGaming space and leadership in managing ELA Games as one of the fastest-growing studios have garnered her acclaim amongst her peers.
Marharyta commented on the nominations, “Receiving three nominations at an award ceremony reflects every one of our team members’ excellence and commitment to setting new standards in the industry. Joker Winpot continued to exceed our expectations and shows what’s possible when you develop a game with intention, user experiences, and operator performance in mind. I’m also honoured to receive the Rising Star nomination: we will continue delivering content that truly matters for players and partners alike.”
The post ELA Games Scoops Up Triple Nominations at the European iGaming Awards 2026 appeared first on European Gaming Industry News.
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BGC: New Tax Measures Could Spark a Sharp Increase in Harmful Illegal Gambling
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The Betting and Gaming Council (BGC) has warned that proposed new tax measures for the UK gambling industry could lead to a significant rise in harmful illegal gambling.
The Office for Budget Responsibility (OBR) admitted that the tax plans will reduce projected yield by around one-third, including £500 million lost by 2029-30 as consumers switch away from the regulated sector and towards the black market.
The OBR also states that around 90% of the duty increases will be passed on to consumers through higher prices or reduced payouts, making regulated products less attractive. It warns this will distort the market and drive more customers towards the illegal black market, where there are no protections, no tax contributions and no safer gambling checks.
Despite these warnings, the Government continues to claim the measures will raise £1.1 billion, a figure that industry experts, independent analysts including EY, and the BGC believe will not be achieved.
Grainne Hurst, Chief Executive of the Betting and Gaming Council, said: “The Government’s own figures show these tax plans will cause significant damage. Industry analysis based on modelling from EY finds that nearly 17,000 high-tech jobs will be lost across online betting and gaming, with over £6 billion in stakes diverted to the black market – a 140% increase in its size.
“These proposals also threaten shop closures, further job losses and a less competitive online market, meaning lower, not higher, long-term tax revenues. They also push more customers to the black market, where there are no protections, no taxes and no safeguards.”
The regulated betting and gaming sector currently contributes £6.8 billion to the UK economy, supports over 109,000 jobs, and provides £4 billion in taxes, including vital funding for racing, sport and tourism. But further tax rises threaten to weaken one of the UK’s most internationally competitive digital industries at a time when the illegal market is expanding rapidly.
The post BGC: New Tax Measures Could Spark a Sharp Increase in Harmful Illegal Gambling appeared first on European Gaming Industry News.
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Spillemyndigheden: Large decrease in betting consumption in October
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The Danish Gambling Authority’s statistics for October 2025 show a decrease in the total gambling spend in comparison to the same month last year. However, the betting market was the only market to experience a decrease.
The total gambling spend in October 2025 amounted to DKK 599 million, which corresponds to a decrease of 3.4 per cent compared to October 2024. The statistics show that the decrease for the total gambling market is due to a large fluctuation in the betting market in October 2025 compared to October 2024. The betting market had a decrease of 46.0 per cent. Online casinos experienced the largest increase of 24.4 per cent, while land-based (physical) casinos and gaming machines experienced an increase of 6.0 percent and 0.6 percent, respectively.
The post Spillemyndigheden: Large decrease in betting consumption in October appeared first on European Gaming Industry News.
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