Since cryptocurrencies were introduced to online gambling, the industry has been acquiring and using the latest technologies to improve user experience. This article will touch on some of the most recent trends and the platforms that have been at the top of their games when it comes to crypto gambling.
Online gambling portals are known for using the latest cutting-edge technology to improve slot machines, broadcast live casino games, and, of course, implement blockchain and cryptocurrencies. As years go by, the blockchain is experiencing its own huge milestones, which directly have been effective in the betting industry.
Several crypto betting websites have been industry leaders when it comes to using the latest wonders of tech, and before we get into specific names, let’s talk about the newest trends in crypto gambling.
Crypto Gambling Trends in 2024
Before, gambling platforms that introduced cryptocurrencies would only allow Bitcoin or Ethereum. On top of this limitation, you wouldn’t be able to play all the available games on the platform through your crypto balance, and there were more regulatory restrictions compared to now.
Fast forward to 2024, we are witnessing some new trends in the crypto gambling industry. Some of them are mentioned below:
More Cryptocurrencies
There are around 10,000 cryptocurrencies in the world, but gambling platforms would only allow Bitcoin or Ethereum in the past. Now, you can expect to have more cryptocurrencies to bet with, including Bitcoin, Litecoin, XRP, BTC Cash, and more.
Decentralized Finance (DeFi) Protocols
Decentralized Finance (DeFi) is similar to crypto. In fact, it uses cryptocurrencies and blockchain to ensure fast transactions. With this technology, crypto gambling platforms will be able to:
- Provide transparent odds
- Eliminate the need for intermediaries
- Create automated payouts and
- Enable trustless betting
NFTs
Non-fungible tokens (NFTs) have had their ups and downs in recent years, and we are expecting gambling platforms to introduce their own in-game tokens and collectibles, especially as a loyalty program.
Esports Betting
The global Esports market is expected to hit over 1.86 billion US dollars pretty soon. However, while Esports has been around for nearly two decades now, a lot of gambling platforms still have not introduced Esports betting, unlike traditional sports gambling.
This year, more crypto betting sites will have the option for you to bet on your favorite Esports teams in games like Counter-Strike, VALORANT, League of Legends, etc.
Leading Crypto Gambling Platforms with Latest Technology
Now that you are aware of the most recent trends in technology that are affecting how we use crypto betting platforms, it’s time to name a few of them, starting with MyStake Sportsbook –
MyStake
- Games: 6,000+
- Cryptocurrencies: Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, Ethereum, Cardano, Solana
- Bonus: $500
- License: Curacao
- Online since: 2020
As you can see from the details above, MyStake offers over 6,000 games, supports several different cryptocurrencies, and offers an exception bonus even though it is one of the newer platforms in the industry.
However, let’s get into what makes it our number-one pick when it comes to implementing the latest tech trends. First of all, 128-bit SSL encryption ensures that your personal and financial data is safe even when you are using fiat currencies.
Want to be even more secure and private? You can use cryptocurrencies. Thankfully, this platform allows you to use multiple types of crypto alongside popular names.
Stake
- Games: 1,000+
- Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum, Ripple, Tron, Tether, Binance Coin
- Bonus: $1000
- License: Curacao
- Online since: 2017
Stake is one of the most popular gambling platforms that also supports multiple cryptocurrencies. Moreover, it is also at the forefront of developing Web 3.0, which will allow people to own their rights and data.
Another advancement of the platform was Proof of Stake (PoS) technology, which is a great alternative to mechanisms like Proof of Work. Stake Technologies is working towards using the blockchain to bring effective change not only in the gambling sphere but also to the general public.
If we are specifically talking about Stake’s gambling platform, the company uses AI-driven algorithms, provably fair technology, Web3 login options, progressive web application (PWA) support, and more. As a result, it’s one of the top crypto betting platforms to stay with if you want to keep up with the recent technological wonders.
Cloudbet
- Games: 3,000+
- Cryptocurrencies: Bitcoin, Dogecoin, Litecoin, Ethereum, Ripple, Solana
- Bonus: 5 BTC
- License: Curacao
- Online since: 2010
Similar to MyStake and Stake, Cloudbet has been at the top of the industry when it comes to using the latest technological trends to its advantage. Firstly, it is allowing more cryptocurrencies alongside Bitcoin and Ethereum, allowing fast and secure transactions for users who have unique coins in their possession.
Since we mentioned security, it’s important to bring up the SSL encryption and 2FA + multi-signature cold wallet storage that ensures the utmost safety of your funds and identity. On top of it, you can easily detect the fairness of the games on the platform with Cloudbet’s provably fair gaming technology.
Lastly, if you are a fan of Esports betting, then Cloudbet is one of the best platforms to use for games like Dota 2, Counter-Strike, League of Legends, and more.
Why Is It Important for Gambling Websites to Adopt New Technology?
In the past, only a handful of gambling platforms brought cryptocurrencies as an acceptable payment platform. Now, nearly every one of them has followed suit.
This little example tells us that if you stay with a reliable crypto-gambling platform that uses the latest trends in AI and other technologies, you will be able to reap the benefits of new changes.
From faster and more secure transactions to even fairer games, you can expect many advantages with platforms that invest a good margin in experimenting with tech.
