It is said that crypto casinos won dozens of billions of dollars last year by gamblers, despite legal prohibitions.
According to a new report from The Financial Times, gamblers are increasingly placing bets using cryptocurrencies on non -regulated offshore platforms by bypassing in their home country.
In 2024, crypto-casinos generated $ 81.4 billion in gross gaming income (GGR), the difference between deployment and profit paid, says the Financial Times, referring to research by the anti-online-crime platform yield sec.
The gross gaming income last year were five times more than in 2022.
Says proceeds sec -founder Ismail Vali,
“It is explosive growth everywhere.”
Crypto gambling sites are blocked in many countries, including the US, China, the EU and the UK. But gamblers bypass the prohibition using a VPN, Mirror Links or URL input, reports the Financial Times, quotes experts and former users.
Crypto game sites, including importance, Rollbit and Roobet, are located in jurisdictions where digital assets gambling is legally, including Curaçao, Malta, the island of Man and Gibraltar.
The importance operated by Curaçao-taken medium rare, attracted $ 4.7 billion in GGR last year, an increase of 80% compared to 2022, according to the company. Stake says that its activities “are being carried out in complete compliance with the applicable laws and regulations, are legitimate and have full license”, and that “strict knowledge of your customer procedures and anti-money loan processes” are in force for making accounts on the importance.
Financial Times says that it was able to make a RingCrypto gok account from London with the help of a VPN and was only requested for proof of address after the start of playing.
Return estimates There are tens of thousands of crypto casinos worldwide, who serve tens of millions of users.
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