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Global Betting on Super Bowl Set To Reach $20B This Year – Online Sportsbook and Casino Cloudbet Estimates $500M could Be Bet in Cryptocurrency

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Global Betting on Super Bowl Set To Reach $20B This Year - Online Sportsbook and Casino Cloudbet Estimates $500M could Be Bet in Cryptocurrency
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When the Chiefs and Eagles face off in the Supe Bowl this Sunday in the United States, sportsbooks around the world will be taking bets on everything from the outcome of the game to the time it takes country star Chris Stapleton to sing the National Anthem. Cloudbet, an online casino and sportsbook specializing in betting with cryptocurrency, estimates that by the time the game is over, those bets will add up to upwards of 20 billion US dollars in total value.

“Several states across America have legalized sports betting over the past few years, pushing trade groups there to estimate at least $16B in US turnover alone for the 2023 Super Bowl”, said a Cloudbet spokesperson. “We see the US market making up about two-thirds of Super Bowl betting, meaning at least $20B in worldwide turnover is entirely possible”.

Of that $20B, Cloudbet sees a potential for $500M or more to be bet in cryptocurrency. “We’re watching two trends happening across crypto that predict a big Super Bowl bet total for crypto this year”, the spokesperson said. “First, there is the general, growing adoption of cryptocurrency as part of corporate and personal portfolios around the world. And second, record user growth on our own platform last year points to a growing appetite for crypto adopters to not only bet on crypto, but to bet with crypto as well”.

Gambling advertising during sports events has also impacted growth, according to Cloudbet. “We don’t currently pay for broadcast advertising or sponsorship during sports, because we prefer to put that money into attracting users through better odds. But the truth is those ads work, and organic traffic to our site continues to rise as more and more people search for where they can bet on sports online, and where they can use crypto to place bets as well”.

With at least 100M global viewers tuning into the Super Bowl this year, some sportsbook advertisers are expected to spend heavily on ads during the game. That will mean a lot of interested sports fans searching “where to bet online” on Sunday. If even a relatively small percentage of those create new accounts and stick with betting into next season, the 2024 global totals could be much, much higher.

Cryptocurrency

Fiat & Crypto: King Billy players get the best of both worlds.

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Fiat & Crypto: King Billy players get the best of both worlds
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See how the casino players can deposit in crypto and play in fiat. 

Since the dawn of e-gaming robust payment systems have been crucial for the success of any online casino, as they are a key factor in creating a positive and satisfying gaming experience. Moreover, the availability of different payment options allows players to choose the method that works best for them, whether it be classical fiat money or cryptocurrency.

But is it possible for an operator to give its players the best of both worlds, fiat and crypto at once? Yes, it is, with the King Billy feature “deposit in crypto, play in fiat”. The concept is simple. A casino player deposits in crypto (choosing among 4 cryptocurrencies King Billy supports). Then, the system automatically shows them their balance in the currency of their choice (among the 14 currencies King Billy supports, used by more than 3 billion people worldwide). When the players withdraw, their transaction takes place back in crypto. 

What are the advantages of this system? Ruslan Legenzov, King Billy Casino Head of Affiliates (or “Lord of Affiliates” as the internal etiquette demands) has the answers: “Good things come in threes, and there are certainly 3 very good things about our “deposit in crypto, play in fiat” feature.

First of all, depositing in crypto means less hassle and paperwork for the player and elimination of the dreaded “transaction not coming through” issue. This has been a problem and actually a torment for many of our players in remote areas of the world. As a global casino, we are happy to act in ways that give peace of mind to our players.

Secondly, this system offers a greater player experience to the King Billy Citizens and Nobles, as they can now take advantage of our numerous promotions and offers in fiat. For example, players who deposit in crypto can now participate in our extremely popular fiat-only “Slot of the Month” offer, that’s been a staple of our casino since our launch. 

Finally, with “deposit in crypto, play in fiat” our players, especially the not so cryptocurrency-savvy have a much clearer understanding of their wins or losses. I am sure that a player, let’s say from Vietnam, prefers to see, in real time, how much his slot win is worth in the Vietnamese Dong than running in parallel a crypto converter tool to do the math!”

Well said and well done your Majesty. 

For those interested in the “deposit in crypto, play in fiat” feature, King Billy Casino accepts the following currencies: Euro (€), US Dollar ($), Canadian Dollar (C$), Australian Dollar (A$), New Zealand Dollar (NZ$), Norwegian Krone (kr), Indian Rupee (₹), South African Rand (R), Vietnamese dong (₫), Indonesian rupiah (Rp), Malaysian ringgit (RM), Thai baht (฿) and the Philippine peso (₱). King Billy also accepts the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Tether (USDT).

King Billy Casino is a new-generation online casino, launched on St. Patrick’s Day in 2017. It is available in 4 languages (English, German, French and Finnish) and it has an impressive record in awards with 25 wins, shortlists and other distinctions, and an amazing variety of features and games. King Billy has prioritized the creation of a superb user experience, focusing on the myth of King Billy and his Kingdom and treats all players with the specialness they deserve. 

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Cryptocurrency

Gambulls NFT Will Disrupt Online Gambling Forever

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Gambulls, an online crypto casino, is making a bold move by combining online gambling with NFTs. They will be releasing 6673 NFTs later this month, March 31, 2023 on Magic Eden.

The aim for the NFT release is to raise funds to fuel the growth of Gambulls to increasingly dominate the online gambling market share. However, the Gambulls NFT will offer far more than just a pretty JPEG for social signalling. Gambulls NFT’s will posses considerable utility to be taken advantage of by the owner. This includes free weekly cash prizes, rakeback, bonuses, engage-to-earn program from the platform and many other exclusive benefits on Gambulls.

Given the huge size of the Gambulls community, combined with fans and followers of Jelly Co, an initial NFT buyer wouldn’t have a hard time selling them at the secondary market. Die-hard fans of Gambulls NFT, though, would hold on to it for the long term, as they can enjoy the NFT’s amazing utility.

Gambulls NFTs work similarly to a membership card with smart contracts that guarantee their utility and value. This makes the NFT incorruptible and reliable to the holders for providing the promised benefits.

The Gambulls NFT collection has a verifiable number of minted NFTs. The collection comprises 6673 Bulls, including 7 Legendaries.

The value of an NFT can be determined by how likely it is for one to hold a certain amount of traits. For example, among the 6673 NFTs, perhaps only a handful of them posses the green eye colour. This makes the green eyed Bulls rarer and a prized possession for NFT collectors to pay for.

By utilizing NFT’s, Gambulls will not only raise capital but also reinvest said funds back into the community by offering those incentives.

The NFT marketplace will be built with a strong focus on community, providing users with tools for social interaction, curation and NFT discovery. Greater accessibility, convenience and exciting opportunities will be granted to those involved in the NFT marketplace.

Gambulls NFTs will go hand-in-hand with the Gambulls NFT Marketplace, which will be developed much later after the NFTs are released. The marketplace will employ three major blockchains — Ethereum, Polygon and Solana. This allows users to easily switch between networks, explore a wide range of NFTs, and make purchases with their preferred cryptocurrencies that are network-compatible.

The NFT marketplace will be built with a focus on community, providing users with tools for social interaction, curation and NFT discovery. Greater accessibility, convenience and exciting opportunities will be granted to those involved in the NFT marketplace.

Finally, the raised capital will put into motion the anticipated Gambulls Metaverse. Gambulls NFT holders will control a unique avatar to mingle with other users and play online games together, in real time.

Never again will players need to allocate time for traveling to a physical establishment, dress up, pay for overpriced refreshments and stay at a hotel when they can simply lounge in their own private domicile.

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Asia

Singapore Gambling Regulatory Authority to Crack Down on Use of Crypto Assets

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Singapore’s new gambling regulator, the Gambling Regulatory Authority (GRA), announced it has no plans to legalise the use of cryptocurrency within its land-based gaming industry as it continues to explore the use of crypto across video game and social gaming platforms.

In what appears to be a continuation of Singapore’s general opposition to the introduction of cryptocurrency across broader society, GRA General Counsel Albert Yeo told a regulatory gathering in Sydney last week that crypto was one of the key issues the regulator is currently examining – particularly as it applies to new technologies.

However, there are no plans to allow the use of cryptocurrencies within Singapore’s two integrated resorts – Marina Bay Sands and Resorts World Sentosa.

“I think for the casinos there is no real appetite,” Yeo said during the Regulating the Game conference. “It is a very volatile in terms of its revenue stream.

“Internally the idea is to just not allow it to begin with or to even allow it into the door. The moment you start even entertaining [the idea] you know it will be difficult to stop.

“I’m not sure if there is any legislative framework that would allow us to do it anyway but we are looking into it and seeing where it is creeping in and making sure it doesn’t invade the casinos in Singapore.”

Established last year to replace the former Casino Regulatory Authority (CRA), the new GRA – with a remit to oversee the entire gambling landscape in Singapore – is specifically designed with technology in mind. When it took charge on 1 August 2022, Singapore’s Ministry of Home Affairs said the GRA “allows the Government to more effectively stay ahead of technological and gambling trends, respond more adequately to emerging gambling products, and take a more holistic and coherent approach to gambling policies.”

According to Yeo, cryptocurrency “is one of the main things we are currently looking at” given the challenges regulators face in tracking blockchain transactions, although much of its attention is now focused on the online space – specifically the use of crypto in video or social gaming.

“We know it is a new space and we are engaging the developers themselves, trying to understand what the products mean,” Yeo said.

Pointing to one popular online product called “Axie Infinity” – a blockchain-based game in which players can trade NFTs and earn RAT (Rare Antiquities Token) currency – Yeo explained, “The thing we are grappling with is whether that is money, money equivalent or anything of value.

“Typically if it is in-game we won’t worry about it, but the trouble [with players earning cryptocurrency] is that it is very easy for them to just take it out and put it on exchanges.

“So we are engaging the developers – Singapore is trying to encourage game developers in Singapore but we are also looking at what is the future of cryptocurrency and where all these games are going. Do we have a good handle yet on where this is going?”

Singapore’s broader reluctance to regulate the trading in or use of cryptocurrencies currently extends to a ban on advertising by crypto exchanges, with the Monetary Authority of Singapore issuing a statement last November following the high-profile collapse of global exchange FTX in which it said, “The most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is hazardous.

“Crypto exchanges can and do fail. Even if a crypto exchange is licensed in Singapore, it would be currently only regulated to address money-laundering risks, not to protect investors. This is similar to the approach currently taken in most jurisdictions.

“Further, even if a crypto exchange is well-managed, cryptocurrencies themselves are highly volatile and many of them have lost all value. The ongoing turmoil in the crypto industry serves as a reminder of the huge risks of dealing in cryptocurrencies.”

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