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Will Bitcoin Halving Influence iGaming? SOFTSWISS H1’2024 Overview
The second quarter of 2024 was marked by a historical event: the Bitcoin halving. Did this event affect the iGaming market? SOFTSWISS shares insights in its quarterly “State of Crypto” overview.
What is Bitcoin Halving?
The Bitcoin halving occurs approximately every four years or every 210,000 blocks, reducing the reward for mining new blocks by 50%. Since Bitcoin’s launch in 2009, there have been four halving events: in 2012, 2016, 2020, and 2024. These events are crucial for maintaining Bitcoin’s scarcity and controlling inflation, ensuring the total supply never exceeds 21 million coins. Historically, each halving has been followed by a rise in Bitcoin’s price due to reduced supply and increased scarcity.
According to blockchain experts the recent halving may lead to new regulations that ensure fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector. The halving is also expected to increase Bitcoin’s value, potentially benefiting Bitcoin-friendly iGaming brands. The adoption of crypto-friendly solutions can enhance player trust and transparency.
Post-Halving iGaming Market Overview
SOFTSWISS experts analysed the data gathered from around 250 crypto-friendly brands powered by the company that engaged in crypto transactions during the first half of 2024. The index increased by 13% since the beginning of the year.
In absolute terms, the Total Bet Sum, encompassing both fiat and crypto, grew by 46.6% in the first part of 2024 compared to the same period of the previous year. The Total Bet Count showed an even greater increase, surpassing 51.7% in H1 2024 compared to H1 2023.
Ongoing analysis since early 2022 indicates that fiat bets are experiencing more growth compared to crypto bets. Comparing the first half of 2024 to the same period in 2023, the Fiat Bet Sum increased by 65.2%.
Andrey Starovoitov, Co-CEO at SOFTSWISS, shares his opinion: “The increasing wealth of the middle class boosts disposable income and spending on entertainment. Technological advancements make online games and various payment methods more and more accessible. The expansion of regulated markets where iGaming is being legalised provides a stable and secure environment for both operators and players. These elements together foster a thriving industry, encouraging innovation, competition, and a broader reach to diverse audiences.”
Cautious Approach to Crypto Gaming
In the first half of 2024, the Crypto Bet Sum shows a modest 2.3% increase compared to the same period of the previous year. As fiat rates grow much faster than crypto rates, the share of crypto bets noticeably decreased in 2024, settling at 20.6%.
At the same time, the H1 2024 Crypto Bet Count shows a decrease of more than 20% year-on-year. Notably, the review of the first quarter of the year showed a relatively stable position of the Crypto Bet Count.
Andrey Starovoitov, adds: “The anticipated impact of the Bitcoin halving on the market, coupled with the strengthening of the Bitcoin exchange rate in the first half of the year, may lead to a more cautious attitude among players towards using cryptocurrencies. However, the average crypto bet is increasing, positively impacting the overall Crypto Bet Sum. As Bitcoin’s exchange rate fluctuates, we expect some players to adopt a more careful approach to using their Bitcoins.”
Analysing crypto bets reveals that around 93% are facilitated via the in-game currency conversion tool, which allows operators to engage players with cryptocurrency assets in games originally designed for fiat. The proportion has remained stable through the first half of the year. The operators who adopt the tool are gaining a competitive edge in the market.
Bitcoin’s Share Drops
Bitcoin, Litecoin, Ethereum, Tether, and Dogecoin create the top five most popular cryptocurrencies in iGaming. This list has remained stable over the years, with some shifts in their rankings.
Bitcoin experienced a decline of around 23 p.p. in the first half of 2024 compared to the first half of 2023. This could be attributed to the strengthening Bitcoin exchange rate and players’ commitment to save it.
The shares of other cryptos, on the other hand, have significantly increased in H1 2024 compared to H1 2023. Litecoin and Tether demonstrated growth of 8.9 p.p. and 7.1 p.p., respectively. Tether climbed to fourth place in the ranking, overtaking Dogecoin behind.
Andrey Starovoitov, Co-CEO at SOFTSWISS, summarises: “Confirming experts’ anticipations, the iGaming industry is experiencing active growth, with a fifth of all bets coming from the crypto segment. The intriguing fluctuations in Bitcoin’s position promises both increased profits and a more cautious attitude toward spending. However, every challenge brings its own opportunities. The key to success lies in adapting by investing in employee training and software development, integrating crypto processing, and ensuring your platform remains secure throughout the process.”
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds 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 23,500 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.
Latest News
Fun in Your Pocket: How Easy It Has Become to Access Slot Games
In recent years, the world of gaming has undergone a significant transformation, making entertainment more accessible than ever before. One of the most remarkable developments in this regard is the ease with which players can now access Slots Online. What was once an activity confined to physical casinos is now available at your fingertips, providing endless fun and excitement anywhere, anytime. This article explores how technology has revolutionized the accessibility of slot games and what it means for the modern player.
The Rise of Mobile Gaming
The advent of smartphones has been a game-changer in the world of online gaming. With the power of a computer in your pocket, mobile devices have made it possible for players to enjoy their favorite games on the go. Slots Online are no exception. Game developers have responded to this trend by optimizing slot games for mobile platforms, ensuring that the experience on a smartphone or tablet is just as immersive and enjoyable as on a desktop computer.
Mobile apps dedicated to slots online are now widely available, offering a seamless gaming experience with high-quality graphics, smooth gameplay, and intuitive interfaces. Whether you are waiting for a bus, on your lunch break, or relaxing at home, the ability to spin the reels is literally at your fingertips.
Instant Access to a Variety of Games
One of the greatest advantages of playing Slots Online is the sheer variety of games available. Online platforms host hundreds, if not thousands, of different slot games, each with its own unique theme, features, and payout structures. From classic fruit machines to modern video slots with complex bonus rounds, the options are virtually endless.
In a traditional casino, you might be limited by the number of machines available on the floor. However, with Slots Online, there are no such limitations. You can easily switch between games, try out new ones, and find the perfect slot that suits your preferences without ever leaving your home. This vast selection is accessible with just a few taps on your screen, making it easier than ever to explore and enjoy a wide range of slot games.
User-Friendly Interfaces and Enhanced Gameplay
As slots online have become more accessible, game developers have also focused on creating user-friendly interfaces that cater to both novice and experienced players. The simplicity of the controls, combined with clear instructions and helpful tutorials, ensures that anyone can start playing with ease.
Furthermore, technological advancements have enhanced the gameplay experience. High-definition graphics, engaging sound effects, and interactive features like bonus rounds and free spins make playing Slots Online not only convenient but also highly entertaining. These innovations have bridged the gap between traditional slot machines and their digital counterparts, offering an experience that is both familiar and new.
Safe and Secure Gaming Environment
The ease of accessing slots online has been complemented by the development of secure gaming environments. Reputable online casinos use advanced encryption technologies to protect players’ personal and financial information, ensuring that they can enjoy their favorite games with peace of mind.
Moreover, the availability of responsible gaming tools allows players to set limits on their spending and playing time, promoting a healthy and balanced approach to gaming. This combination of accessibility and security has made Slots Online a popular choice for both casual players and serious enthusiasts.
The accessibility of slots online has revolutionized the way people engage with slot games. With the ability to play from anywhere, at any time, on a wide variety of devices, the fun of spinning the reels is no longer confined to the casino floor. The vast selection of games, user-friendly interfaces, and enhanced gameplay have made it easier than ever to enjoy this form of entertainment. As technology continues to advance, the future of slots online promises even more exciting developments, bringing fun and excitement straight to your pocket.
Latest News
Atlaslive and Legitimuz Team Up to Boost Registration and Compliance for iGaming Operators in Brazil
Atlaslive, a leading B2B software provider in the global iGaming industry, announced a new partnership with Legitimuz, Brazil’s premier identity verification and facial recognition provider. This strategic collaboration aims to streamline Know Your Customer (KYC) processes, boosting player registration and ensuring top-tier compliance across the Brazilian iGaming market.
With a strong presence in the LATAM region, Atlaslive continues to enhance its offering to iGaming operators, helping them scale their platforms efficiently while maintaining the highest standards of security and regulatory compliance. By integrating Legitimuz’s cutting-edge technology, Atlaslive will enable its partners to register up to 30% more bettors through faster and more reliable KYC solutions.
The partnership will combine Atlaslive’s dynamic iGaming Platform with Legitimuz’s expertise in automated document analysis, 3D facial recognition, and instant approvals — all delivered in less than 30 seconds. This joint effort will enhance user onboarding, improve data security, and prevent fraud without sacrificing conversion rates.
CEO of Atlaslive, Maxim Slobodyanuk, said: “This collaboration aligns perfectly with our commitment to providing scalable, secure, and innovative solutions to the iGaming industry. With the Brazilian market poised for growth, ensuring seamless and compliant registration processes is critical. Together with Legitimuz, we will support operators in increasing registrations, reducing fraud, and adhering to local regulations, all while improving the user experience.”
CEO of Legitimuz, Kayky Janiszewski, commented: “Our technology is designed to increase conversions while maintaining the highest level of security and compliance. By integrating with Atlaslive’s powerful platform, we’re enabling operators to scale their businesses efficiently and confidently in Brazil. Our KYC solution, with its automated document analysis, 3D facial recognition, and instant approval, ensures that players can be verified quickly and securely, driving growth and trust in the process.”
This partnership further solidifies Atlaslive’s position as a trusted and innovative provider in the Latin American iGaming market, supporting operators in scaling their platforms with confidence. As the demand for reliable and fast KYC grows, this integration will enable operators to meet the expectations of both regulators and players.
eSports
DATA.BET hosts CS2 tournament at SBC Summit
DATA.BET, a premium esports betting solution provider, invites all exhibition attendees to the DATA.BEAT tournament. The event will occur at the Feira Internacional de Lisboa, at stand D160.
Visitors will have the opportunity to participate in a live CS2 competition featuring Christopher “GeT_RiGhT” Alesund, one of the most iconic figures in Counter-Strike history. A four-time top-ranked player, GeT_RiGhT dominated the global scene, being named the best player in the world in 2013 and 2014.
Qualification matches will be conducted on September 24 and September 25 with the finale on September 25. Registered players will compete for the highest scores, and three finalists will go head-to-head with the pro and win a Steam Deck. Everyone is welcome to watch the game, enjoying drinks from an open bar.
“At DATA.BET, passion for esports is in our DNA. We want to push the boundaries of gaming culture and bring esports closer to the masses,” said Natalie Loshatynska, Head of PR & Marketing at DATA.BET. “Hosting a CS2 tournament at SBC Summit is a perfect way for us to engage with the community and showcase that Counter-Strike is more than just a game – it’s a cultural phenomenon. And having an icon like GeT_RiGhT on board makes this experience even more memorable.”
Former pro player Christopher Alesund added, “It’s a fantastic opportunity to reconnect with fans and be a part of the growing esports culture that continues to evolve. I’m excited to see the level of talent from the community at this event!”
For those who only want to remember old times, DATA.BET will open its stand on September 26 for an open-play experience. Visitors can enjoy hands-on time with CS2, where they can play alongside fellow attendees.
Are you attending the SBC Summit? Register for the event here and get a chance to face GeT_RiGhT. The number of participants is limited.
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