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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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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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MONTECARLO CASINO IN MEXICO ENHANCES ITS ENTERTAINMENT OFFERINGS WITH CONCEPT

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Mazatlán’s MonteCarlo Casino has enhanced its entertainment offerings with the arrival of Zitro’s innovative CONCEPT cabinets, brought in partnership with Grupo Euromex.

The striking new CONCEPT line stands out for its presence, carefully designed ergonomics and comfort, and multimedia features, including an impressive light show synchronized with gameplay, capturing attention to the casino floor. The spacious ScreenDeck provides unparalleled player comfort, transforming the gaming experience with larger screens, active touchscreen game integration, and eye-catching animated sequences on the digital topper.

Players can also enjoy the medieval-themed multi-game Legendary Sword. This game features a giant 6×5 reel and special features like “Honor,” which multiplies winnings; “Glory,” which awards extra spins; and “Magic Sword,” which doubles prizes in its column.

Alberto Charlan, CFO of Grupo Euromex, was pleased with the addition of the innovative CONCEPT cabinet line, highlighting: “CONCEPT, with its advanced technology and ergonomic design, offers an immersive and one-of-a-kind gaming experience that will further enhance our customers’ preference for Zitro.”

For his part, Johnny Viveiros Ortiz, founder of Zitro, said: “We are delighted that MonteCarlo Casino has chosen our CONCEPT cabinets to offer a unique gaming experience in the industry, and we are proud to continue this successful path, together with Grupo Euromex, raising the entertainment offer for players in Mazatlán.”

The post MONTECARLO CASINO IN MEXICO ENHANCES ITS ENTERTAINMENT OFFERINGS WITH CONCEPT appeared first on European Gaming Industry News.

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Infinix GT PowerPlay Returns with Season 2, Bringing India’s Aspiring Gamers into the Spotlight

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With a grand prize of ₹1 lakh, Infinix GT PowerPlay Season 2 kicks off for up-and-coming gamers

Infinix, a new-age tech brand known for its smartphones and laptops. Infinix, a leading tech brand, has announced the return of the GT PowerPlay Esports Tournament – Season 2, one of India’s largest open-entry BGMI (Battlegrounds Mobile India) competitions. With a ₹1 lakh prize pool and participation from over 1,000 teams, the tournament aims to strengthen India’s grassroots e-sports ecosystem by providing a platform for emerging talent. This multi-stage tournament received a strong response in its debut season, with 5000+ participants and top gaming influencers like Smitha Plays, Gigga, Lapid, Mastizone Gaming, and Mayur Gaming joining the action.

The GT PowerPlay Esports Tournament – Season 2 will be managed by Glazer Games,overseeing logistics and fair play to ensure a seamless competitive experience for players and spectators. With this event, Infinix continues to invest in India’s growing gaming ecosystem, providing a platform for emerging talent while reinforcing its presence in the gaming market.

Anish Kapoor, CEO at Infinix India, says, “Mobile gaming is at the heart of digital entertainment today, and Infinix is proud to support aspiring gamers with cutting-edge technology and opportunities that bring them closer to their dreams. With a robust gaming ecosystem at Infinix India—including devices like the GT 20 Pro and GT Book—and initiatives like GT PowerPlay, we’re strengthening our commitment to India’s gaming community by providing a platform for emerging players to showcase their skills, compete at the highest level, and engage with the growing esports ecosystem.”

Unlike many esports tournaments focusing on professional teams, GT PowerPlay Season 2 is designed exclusively for new players, eliminating rank or prior experience restrictions to ensure wider accessibility. This year, the tournament will see teams progressing through multiple stages, including qualifiers, playoffs, and finals, with matches being streamed live to a growing audience of mobile gaming enthusiasts. Community engagement will be a key focus, with Infinix activating its Discord and XClub platform for live discussions, behind-the-scenes content, and direct interactions between participants, gaming influencers, and analysts.

The event is expected to attract thousands of participants and viewers, building on the high engagement levels from the first edition. Infinix’s Discord community, which currently has over 29,000 members, will serve as a hub for tournament updates, strategy discussions, and real-time audience interactions. Gaming influencers and content creators will be involved in match analysis and community engagement, further amplifying the tournament’s reach.

The return of GT PowerPlay highlights the increasing prominence of mobile esports in India, particularly for the up-and-coming players. With BGMI’s stronghold in the Indian gaming market, tournaments like this serve as a launchpad for players who aspire to enter the professional gaming scene. As competitive gaming continues to evolve in India, GT PowerPlay Season 2 is set to become a key event in the country’s growing esports calendar.

Key Dates:
5th March: Registrations open
11th March: Registrations Close
17th February: Influencer Round
18th February: Finale Day 1
19th February: Finale Day 2

The post Infinix GT PowerPlay Returns with Season 2, Bringing India’s Aspiring Gamers into the Spotlight appeared first on European Gaming Industry News.

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