How the Use of AI Could Aid Cheating at Online Casinos

Artificial intelligence, widely called AI, is everywhere these days. You can’t read about anything without also reading about AI-powered tools, AI-powered solutions, AI-powered SOMETHING. 

Obviously, the concept found its way straight to the online casino industry, which has always been a ground for innovative technologies. 

Operators report using it to prevent fraud and ensure fairness. AI is bringing other benefits to players, such as personalised gaming experiences through their high data collection and analytic capabilities. 

And while most things sound good, we must say that AI is also used for some not-so-good activities. More precisely, there’s been a rise in AI-assisted online casino cheating. 

That’s exactly what we’re going to write about in this article. Let’s see how nifty players are utilizing artificial intelligence to their advantage and if it’s really working out for them. 

How Cheaters Are Utilising AI

Perhaps the strongest suit of AI tools is their possibility to go through large databases and provide analysis and predictions. What would take a single person months or years usually takes minutes or hours for a well-built AI program. 

Of course, cheaters have been around forever and they’re coming up with new cheating methods every generation. So, it made sense that they would find a way to implement the power of AI into their attempts. 

It’s fair to say that this type of cheating doesn’t help anyone. 

Let’s say a person does it while playing against other players (peer-to-peer poker). In this case, they impose financial damages on those players who are playing fair and square. 

If they do it to online casino operators, they’re still abusing technology for personal gain. These steps ruin the trust between operators and users. Moreover, they often trigger counter-responses that may sometimes be needlessly strict for other players who weren’t using any unfair practices. 

Commonly Used Methods of AI-Assisted Cheating

If you’re someone who isn’t all that tech-savvy and can’t understand how AI can do any harm to online casino operators, no worries. We did a lot of research to understand the concept ourselves and to help our readers grasp it. 

We’ve found the most common ways they’re using (or, more precisely, abusing) AI to try and cheat online casinos. 

• Automated card counting – While games with RNG outcomes don’t use standard decks of cards, live dealer games and peer-to-peer poker still do. In these situations, cheaters may use automated card counting to decide their next steps.
• Trained playing bots – Playing bots can analyse how competitors are behaving and play optimally by using this knowledge. That would give the cheater an unfair advantage.
• Predictive algorithms – Predictive algorithms mostly help with online slots and online table games. These algorithms collect and analyse the data to predict when should the next winning rounds be. That gives the player an idea of when to spin and when to wait.
• Analytics programs – Finally, we have to mention AI-powered analytics tools that collect as much data as possible. Then, they use it for creating all kinds of playing strategies, be it against other online players or casino games directly.

How Using AI to Gain an Advantage Can Impact You

If you’re thinking that AI-assisted cheating is the best way to gain some financial boosts, we urge you to think twice. Despite reports of players tricking online casinos, there’s a lot unsaid still. Consequences for such behaviours exist, and we would never advise you to go down that road. 

First, let’s mention the basic consequence, which is issues with the authorities. Cheating simply isn’t allowed, and the operator may report your activities to the authorities. Players often have to verify their identities, so the operator will have all the necessary information to report them. 

We did some research on this and haven’t found someone arrested for AI-assisted cheating. However, there are plenty of reports of people facing consequences for gambling-related scams. Here are some examples: 

• A player and casino workers were charged in a roulette cheating scheme in Pennsylvania.
• A live dealer employed by Evolution was arrested and charged with cheating at an online casino in Connecticut.
• Several players and a dealer were arrested and charged for table game cheating in Philadelphia.
• A Czech man was jailed for cheating several casinos by gaining an advantage on slot machines using a smartphone.

Our point with these examples is that casino operators are always on the lookout for suspicious behaviour. They won’t let it slide. 

Another aspect to mention here is the ethical implication. Online gambling and gambling in general are games of chance and hobbies. People do it to have fun, hoping they win some nice prizes along the way. 

When cheaters come into the picture, they ruin it for everyone involved. Scamming operators that work legally or with other players just isn’t right and morally acceptable. 

What Online Casinos Are Doing to Combat This

Casino operators, both land-based and online, have always been vigilant when it comes to fighting cheating. And when we say cheating, we refer to cheating of any kind. As the ways players cheat evolve, so do the ways operators protect their businesses. 

We’ve read some reports and found some press releases. We used the knowledge to create a shortlist of common ways operators combat AI-assisted casino cheating. 

• Advanced encryption – Encryption technologies are improving as the need for strong protection increases. Online casinos invest in the best of the best products to ensure their games run as expected and avoid any cheating attempts.
• AI-driven security systems – AI cheating meets AI security systems way more than you could guess. Just like potential cheaters are implementing these programs to their advantage, operators do so, too.
• Cybersecurity collaboration – Even when online casino operators don’t have in-house security, they work with cybersecurity firms. These third parties provide them full protection in case of issues, as well as recommendations on how to stay ahead of cheaters. 

What Does the Online Casino Future Look Like Thanks to AI

Back in 2001, Artificial intelligence used to be a sci-fi movie portraying a future that may or may not come. In 2024, artificial intelligence is the base of thousands of tools that help people achieve good and not-so-good things. 

It’s reshaping everything we know, and it makes sense that it’s affecting iGaming, too. 

While scammers do exist, we’re seeing a lot of AI innovation and research dedicated to improving how we gamble online. AI is used to enhance game fairness, detect early gambling risk, and personalise iGaming experiences. 

It’s only a matter of time before iGaming turns into AiGaming. But a lot is at stake. We can only hope that positive things will prevail while cheating is minimised. 

Why? 

Well, if all online casinos closed due to successful cheaters, we wouldn’t have the amazing and entertaining world of iGaming. 

An entire industry is at stake, and that’s not something you can ignore. iGaming isn’t only a great source of entertainment. It’s also a profitable market that employs thousands of people and generates massive revenues in taxes. 

Most importantly, if not overseen and carefully handled, it can become very dangerous. And, as always, those most at risk will be the most affected.

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Celebrity Gambler -One of the NBA’s greatest Charles Barkley’s love for gambling

By Sihle Qwabe

Charles Barkley is a basketball icon and one of the most legendary names in the history of the NBA. Called “Sir Charles” he was admired by fans for over 16 seasons for his versatility on the court. Those who know him speak of his kindness and generosity. He tips everyone and claims to gamble as a way to pay for the efforts of others.

Throughout his distinguished career, he played for three major teams. From 1984 to 1992 he played for the Philadelphia 76ers, moved on to the Phoenix Suns in 1996 (where he scored the highest achievement of his career), and in 1996 he turned to the Houston Rockets. Barkley stayed with them until 2000 when he retired.

Since then, his love for the basketball court has shifted to a love for gambling, particularly with online casinos and betting on games, which he views as his moral responsibility. Barkley believes that athletes train tirelessly and often push their physical limits in their quest to perform at their best. Placing bets, whether in Las Vegas or online casinos, is a way to ensure their hard work is recognized. When losing at gambling, Barkley stays positive and calm, thanks to his financial stability, openly acknowledging that his wealth allows him to approach losses with composure.

Barkley has never been coy about his love for gambling. In an interview with podcaster Shannon Sharpe, Barkley mentioned that he used to frequent Las Vegas and would only play at high-stakes tables. He said sometimes he would bet as much as $ 25,000 per hand.  

Charles Barkley statistics

Charles Barkley Achievements

Charles Barkley’s NBA career is marked by countless achievements. He was the NBA’s Most Valuable Player in 1993, was selected as an NBA All-Star 11 times (from 1987 to 1997), and was the MVP in 1991.

He was also named to the All-NBA First Team five times from 1988 to 1991, and again in 1993. Subsequently, he also made it onto the All-NBA Second Team five times, and once in the third team in 1996.

His talent was recognized early. He played for the NBA All-Rookie First Team in 1985 and was the lead as a rebounder in 1987.

His number 34 jersey has since been retired by all the teams he has played for.

In college, he was the SEC Player of the Year in 1984 and received several other honours, which included being a third-team All-American, a First-Team All-SEC, and SEC Tournament MVP.

In terms of career NBA statistics, he scored 23,757 points, averaging 22.1 points per game. He also grabbed 12,546 rebounds with an average of 11.7 rebounds per game, and recorded 4,215 assists, averaging 3.9 assists per game.

He has also given back to the community. In 2023, he made the first of 10 promised donations to a New Orleans school where two of its students made mathematical history. St Mary’s Academy, an all-girls Catholic high school in the eastern part of the city, received Barkley’s $100,000 gift.

Charles Barkley as an influencer

During a call promoting the American Century Championship, Barkley said in a speech that sports betting had been growing exponentially. He was worried that this could invite shady dealings into sports, and ultimately, coerce players into cheating.

Barkley’s approach to gambling remains fascinating and bold. He cares about sports as much as he cares about winning. After all, he loves the prospect of earning money. While he admits that losing can be a tough pill to swallow, he views it as a necessary part of chasing a victory. The same grit that made him so successful on the basketball court also fuels his passion for gambling. Plus, he’s had some big wins. He claims he has won $1 million at least five times.

However, he also acknowledges that his gambling habit once spiralled out of control. He estimates losing between $10 million and $20 million in the 80s, which pushed him to step back from gambling for two years.

Through these experiences, he’s learned that sometimes it’s better to quit while you’re ahead. He now treats gambling more as a pastime, which helps him embrace a healthier attitude that he carries with him today. That approach has been his inspiration for rather moving towards games of chance.

Closing Thoughts: Beyond the Basketball pro

Gambling should always be an enjoyable experience, and Charles Barkley exemplifies how to strike that balance. He understands the importance of not letting gaming affect your mental or financial health. His financial status certainly plays a role in the attitude he has adopted, he owns up fully to it – but his signature grace is still commendable. His journey reminds us that while gambling can be exciting, it’s important to approach it with a level head.

Sauber Stake Formula 1 versus Swiss Gambling Laws

By Cobus van Wyk

Sauber, one of the most successful teams in F1, recently announced a new naming rights sponsorship deal with major online crypto casino group Stake, known for also being one of the leading minimum bet sportsbooks. Stake will replace Alfa Romeo as the team’s new principal sponsor.

Remaining under full operational control of Sauber, this new deal, in combination with existing secondary sponsor online streaming platform, Kick, will see Alfa Romeo F1 Team Stake rebrand to Stake F1 Team Kick Sauber. Stake, one of the top online casinos, has garnered attention for this partnership. Initial reactions were mixed, and for various reasons, the new branding received a notable amount of negative kickback, not only from fans, but F1 pundits, and long-time industry insiders alike.

More recently the new Sauber/Stake partnership received an unexpected setback after Swiss Federal Gambling Board, Eidgenössische Spielbankenkommission or ESBK, initiated legal proceedings against team owner Sauber. The announcement of impending legal action came in the wake of the reveal of the team’s new C44 chassis for the 2024 season in London. The Stake logo was emblazoned across both cars and team uniforms.

Background on Sauber and Stake Partnership

The partnership marks a significant milestone for Sauber, bringing a substantial financial investment into team coffers. Despite not disclosing the official figure, Stake’s partnership with Sauber Motorsport represents a major financial commitment to the team. This collaboration secured naming rights for Stake through both the 2024 and 2025 Formula One seasons whereafter Audi will become the main sponsor. It stands as a testament to Stake’s confidence in the Sauber team and signifies their shared vision for success in the world of motorsport.

As part of the partnership, the Sauber team will undergo a full rebranding, adopting the new name “Stake F1 Team Kick Sauber” for the 2024 season. The rebranding reflects the fusion of Stake’s brand identity with the rich heritage of success and expertise of Sauber in F1.

As is standard with most principal naming rights sponsorship deals, the new branding will be emblazoned across all advertising and other media as well as key positions across all team livery. This includes motorhomes, support vehicles & trailers, race cars, driver & staff uniforms, clothing lines, and other branded wearables.

Swiss Gambling Laws and Regulations

Switzerland implemented the Federal Act on Money Games (AMG) on January 1, 2019, to regulate the advertising of real money games and promote responsible gambling. It governs all types of online real money games. Its main objective is to protect consumers by ensuring that only approved, certified games are available in Switzerland’s top online casinos and to prevent illegal gambling activities.

The AMG, in accordance with its constitutional article, permits new games, including gambling at Switzerland’s best online casinos. It prohibits the advertising of unlicensed online casino real money games in Switzerland. Its rules regarding online gambling remain unchanged, making foreign, non-licensed operators who offer online cash games of chance to Swiss residents, subject to the Federal Act on Combating Money Laundering.

ESKB Investigation into Stake Sauber and Potential Implications

The investigation and potential for legal action against team owner Sauber revolves around displaying the team’s Stake name branding. If Sauber displayed their sponsor’s brand within the borders of Switzerland it would constitute a direct breach of the AMG legal framework.

Swiss gambling laws (AMG) restrict access to crypto casinos for users in Switzerland as such Swiss law classifies Stake as an unlicenced crypto casino group. The issue not only holds true for Switzerland since similar gambling restrictions will also affect official team livery in several other countries listed for races in the 2024/25 F1 seasonal world tour.

In accordance with approved, pre-determined AMG practices, if ESBK findings positively indicate Sauber/Stake to be in breach the team could face punitive penalties of up to €540,000 / $573,000 / CHF500,000!

Adaptation and Compliance Strategies

Sauber MD, and Alunni Bravi, stated that just like the previous season the team will continue to comply with all laws and legal requirements in all countries on the F1 calendar. He also said that in countries where it is illegal to use the Stake brand, the team will simply remove all Stake branding and revert to Kick as their main brand.

Sauber is based in Hinwil, Zurich, Switzerland and traditionally revealed new race chassis mostly at home in Switzerland with occasional forays into Austria and Germany. This year the team chose to break tradition, revealing its new C44 chassis for the 2023/24 season in London.

Shortly after the furore broke into the mainstream media SFBG blocked access to the Sauber website. True to its word the company abruptly removed all Stake branding from its website. Upon further enquiry, it was made clear the removal of the Stake logo was a consequence of a routine website refresh and in no way indicative of any change in the relationship between Stake and the Sauber F1 team.

Impact on Sports Sponsorships and Advertising

The ESBK v Sauber case mainly pertains to how Swiss gambling laws affect and challenge sports sponsorships. However, it stands as an excellent example how all types of professional sports at all levels continue to face similar wide-sweeping legal restrictions and challenges on an international scale.

For example, Sauber Stake Formula 1 will not only need to re-brand within Switzerland. To remain legally compliant the team will most likely also need to revert to their alternative Kick brand for circuits in Bahrain, Saudi Arabia, China, Azerbaijan, Quatar, and Abu Dhabi.

For progress, sport depends heavily on sponsorship. Advances in equipment and other technologies, travel, training, media coverage, competitor incomes, and much more all cost money. The greater balance of the necessary funding is derived from sports sponsorships irrespective of sports type, but especially true in F1, more money equates to higher performance.

All restrictions affecting sponsors not only make such partnerships more expensive it also causes them to become less effective for the sponsor which turns such propositions into less attractive avenues for advertising.

Until restrictions are no longer a factor internationally teams and sponsors have reverted to establishing multi-branding solutions. Affected teams establish partnerships with more than one brand as a major sponsor. Such solutions allow teams to undergo strategic re-branding when faced with legal or similar restrictions that teams or sponsors cannot avoid.

Going forward

In summation. Sauber established a brand naming rights partnership with online crypto casino group, Stake. The sponsorship agreement will remain in place throughout the 2024/25 F1 season.

Ironically, any advertising of Stake, its main sponsor, is banned within the borders of Sauber’s home country. Sauber will continue with their existing sponsorship deal with online streaming service, Kick as an alternative primary team sponsor in countries where gambling advertisements are subject to restrictions.

Swiss regulator ESBK not only deemed the advertising of the Stake brand illegal in Switzerland, it launched an investigation to determine the extent of the perceived transgression. Sauber stated it is committed to remaining fully compliant with all regulatory and legal requirements in all countries forming part of its 2024 F1 seasonal tour.

Irrespective of the outcome of the ESBK investigation, Sauber’s F1 season is set to kick-off with the Bahrain Grand Prix on 29 February 2024. Aside from regions where the advertising of gambling is subject to restrictions the team will continue to operate under the Stake brand. The Stake logo will be displayed in prominent positions across all team livery.

Alternatively, for races in gambling-restricted countries, the team will re-brand to display Kick as their main sponsor.

Sponsorship is the main source of sports funding. Restrictions negatively affect the appeal and benefit for sponsors. The more severe the restrictions the more costly and less effective sports sponsorship becomes, turning it into an ever less attractive avenue of advertising for sponsors.

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Decoding RTP in Crash Gambling

Crash gambling games have become a thrilling frontier in online gaming, captivating players with their high-speed rounds and massive potential payouts. But behind the glitz and adrenaline lies a crucial concept that directly impacts your chances of winning—Return to Player (RTP). Understanding RTP can turn your game strategy from guesswork into calculated decision-making. For example, a crash game with an RTP of 95% means that, on average, players receive $95 back for every $100 wagered over time. However, this doesn’t guarantee immediate wins—it’s a long-term average influenced by randomness. Let’s break down how RTP plays into your odds at Online Casinos and why it matters in crash gambling.

What is Return To Player (RTP)

The Return To Player (RTP) is a percentage that represents the amount of money a game will return to players in winnings over time. The higher the RTP, the more favorable the game is for the player. For example, a game or a crash game with an RTP of 97% means that if you bet $100 on the game, you will receive $97 in the form of winnings over time. On the other hand, the 3% difference is referred to as house edge. This is the opposite of RTP and represents how much money casino sites will keep as profit over time. In our example above, the casino would keep $3 for every $100 wagered over time.

One important thing you need to bear in mind is that the Return To Player is calculated over a long period of time. What this means is that you won’t win $97 every time you bet $100 on the game. In fact, some players may win big, while others may not win even a dime in a particular gambling session. You also need to note that crash games, just like other casino games, are designed to favour casinos. In other words, it is nearly impossible for casinos to lose money.

Perhaps you could be asking yourself how casinos and software providers calculate their RTPs. In a nutshell, the calculation involves statistical analysis that takes into account all possible outcomes of a particular crash game. The calculation also involves millions of game rounds to ensure accuracy. To calculate the Return To Player rate, you only need to take the amount wagered on a particular game and divide it by the amount won by players. For example, if players wager $950 on a game and win a total of $1000, then the RTP would be (950/1000) x 100=95%.

Why RTP Matters in Crash Gambling

Crash gambling games operate on multipliers that grow exponentially before crashing. While skill and timing are critical, RTP still dictates the fairness of these outcomes. A game with a high RTP offers better odds of building a sustainable bankroll over time. For example, a game with an RTP of 97% and multipliers capped at 2x allows players to make more informed, lower-risk bets compared to one with a lower RTP.

Understanding RTP helps players identify games with fair mechanics and avoid those designed to drain wallets. By choosing crash games with competitive RTP rates, you can maximize your chances of walking away with a win—without relying purely on luck.

Which Crash Games Have the Best RTP?

The following table consists of the highest RTP crash games worth trying out in 2024. Besides having a solid RTP, the games have simple gameplay, big payouts, and friendly betting limits.

Leading Crash Game Casinos

Crash gambling has surged in popularity, offering players fast-paced action and the potential for significant wins. Among the notable platforms that that have crash game catalogues, Stake.com stands out with its proprietary “Crash” game, featuring a sleek interface and an impressive RTP of 99%. The platform supports both cryptocurrency and fiat transactions, ensuring accessibility for a broad audience. Stake also has a strong commitment to fairness and transparency has solidified its reputation among crash gambling enthusiasts.

Another excellent option is Casino Rocket, which, while primarily known for its extensive selection of over 1,000 games—including slots, table games, and live dealer options—also offers engaging crash games. The platform provides a user-friendly interface and supports flexible payment methods, catering to both casual gamers and high rollers. New players can benefit from a welcome bonus of up to €1,000 and 150 free spins, enhancing the overall gaming experience.

For those who prefer a long-standing platform with a diverse game library, Jackpot City Casino is an appealing option. A veteran in the online casino industry, it recently introduced Fly X, an innovative crash game where players bet on a superhero’s ascent and must cash out before the hero disappears. With multipliers reaching up to 12,000x the initial bet, Fly X adds a thrilling layer to Jackpot City’s already robust offerings, making it a standout choice for adrenaline seekers.

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Each of these platforms brings unique strengths to the table, whether it’s Stake.com’s high RTP, Casino Rocket’s generous bonuses, or Jackpot City’s dynamic Fly X experience. Together, they showcase the exciting variety available to crash gambling enthusiasts.

Next-Gen Technology impacting the global gambling landscape

By Vinolin Naidoo   

The evolution of global gambling has witnessed remarkable strides in the industry, thanks to Next Gen Technology. Global gambling dates back many decades and consisted of physical betting at betting shops, playing at brick-and-mortar casinos, and placing wagers at online casinos and minimum bet sportsbooks.

Nowadays, thanks to smartphones, 5G internet technology, and the adoption of blockchain technology, these are driving the growth of online gambling and increasing the demand for online gambling.

Product innovation and trends that have transcended the gambling landscape and technology have brought the implementation of mobile gambling, the introduction of blockchain technology, and cryptocurrency as an added payment method.

Our article explores the market analysis report compiled by Grand View Research for the period between 2018 and 2030. It evaluates the trends and impact of Next Gen Technology on the global gambling landscape. We also delve into some industry growth statistics and envision the future of this flourishing gambling industry.

Advances in mobile phones have elevated gambling to a new level

When online gambling was first introduced, playing through a desktop was the preferred option for many players. Most players would access their favourite top-rated online casinos through their PC or laptop and enjoy their betting.

The market analysis report compiled by Grand View Research indicated that desktop gameplay accounted for around 48% of online gambling revenue in 2022. While this may seem impressive, if you dig deeper, you will see diminishing statistics of desktop gameplay. Desktop gameplay provides players several benefits, including playing on a large screen, enhanced graphics and audio quality due to screen resolution, and customizable storage capacity of desktops.

However, one major disadvantage of desktop gameplay is convenience. Players are stuck playing at a fixed location and cannot multitask their gambling activities with daily routines. Desktop gameplay is becoming a thing of the past, and today, thanks to Next Gen Technology and 5G internet technology, the growing adoption of mobile gaming has transcended the industry.

With mobile gaming, players can access the best online casinos through various supported operating systems and devices, including IOS and Android. Players can multitask, play casino games, and place sports bets while walking to the shop for groceries or relaxing at the beach.

Modern smartphones support machine learning, artificial intelligence, and augmented reality, which help developers create immersive and interactive gambling applications. Advanced mobile device technologies have resulted in realistic gaming visuals in most smartphones, leading to increased access to online casinos and sportsbooks through mobile phones. Suppose you look at the best online casinos and sportsbooks, such as Sky Bet, Bet365 and Betway. In that case, all these betting platforms are accessible through mobile, and some even have stand-alone betting apps compatible with Android and IOS smartphones.

Mobile gaming provides players with many benefits, such as remote playing anytime and anywhere, exclusive loyalty points, more banking methods and multiplayer gaming options, where players can play against others instead of just the online casino.

The rise of multiplayer gaming options is primarily thanks to virtual reality (VR). VR in gambling creates the simulation of surroundings, and players can interact realistically with specific hardware, such as headsets. VR allows online casino players to interact with other players and live dealers and offers a more enhanced online gambling experience, complimented with better sound quality and a realistic game design and gameplay.

The growth of mobile gameplay will continue for years to come, and the latest figures show that, in time, mobile gameplay will bridge the gap to desktop gameplay. The availability of mobile phones at affordable prices and the latest technological features, such as improved graphics, audio, gameplay and expandable storage capacity, are just a few factors that will contribute to the growth of mobile gameplay.

How the gambling industry has adopted blockchain technology and cryptocurrency

Traditional online gambling consisted solely of FIAT Currency, and all deposits and withdrawals only supported these options. Technological advancement in the late 2000s gave rise to cryptocurrency. Ask anyone about the term ‘cryptocurrency’; generally, the first response is Bitcoin. Bitcoin is one form of cryptocurrency and is considered the most popular type. Other forms of cryptocurrency used at online casinos include Litecoin, Dogecoin, Ethereum, Ripple, Tether, XRP and Tron. Many industries have supported cryptocurrency, and the global online gambling industry is one of them. 

The rise of crypto casinos has impacted the growth of online gambling. For instance, renowned top online casino BitStarz is a Bitcoin-based online gambling platform with over 4 million active players. Gambling through cryptocurrency offers more diversity and options for players across the globe, and all this is available thanks to blockchain technology.

The adoption of blockchain technology has allowed traditional online and crypto casinos to accept cryptocurrency deposits and withdrawals. Blockchain technology ensures secure payments with transparency through blockchain ledgers, ensuring a decentralized system that prevents fraud and malicious actions from hackers and cybercriminals. All banking transactions at online and crypto casinos are encrypted, and there can’t be any fraud. Blockchain technology also ensures fast payouts and processing times, and instant real-time deposits and withdrawals are provided to players. Another benefit of blockchain technology is that crypto casinos charge low transaction fees. Unlike traditional casinos, where there is a fee for card deposits and Bank Transfers, digital currencies are decentralized, so there are no intermediaries to process exchanges. 

Besides impacting the banking platforms for the gambling industry, another impressive feature of cryptocurrency, namely Bitcoin, is the gaming library. There are hundreds of exclusive Bitcoin games that are available through cryptocurrency. Today, most online casinos, whether traditional or crypto, will have an exclusive Bitcoin casino games section filled with the best casino slot games, all with high-quality graphics and features. 

Technology has set the foundation for the future of the industry

The global online gambling market was estimated at $/€63.53 billion in 2022 and $/€70.64 billion in 2023. Forecasts show that the market size value was expected to grow at a compound annual growth rate of 11.7% from 2023 to 2030. Revenue forecasts by 2023 are a record $/€153.57 billion.

Key factors driving the growth of the online gambling market include modification of restrictions, internet penetration, rise in the use of mobile phones, growing number of new online casinos, and increased investment in the industry. In 2022, internet penetration in the US was 92% of the total population. The increased popularity of online gambling in the US was mainly due to cultural and legalization approval, easier access to online gambling platforms, celebrity endorsements with leading online casinos and sportsbooks and corporate sponsorships.

Europe dominated the online gambling market, and by the end of 2022, it had a market share of 41%. The popularity and increased market share are attributed to the legalization of gambling in several European countries, including Spain, Italy, Germany and France. European gambling regulators, such as the Malta Gaming Authority and the UK Gambling Commission, have authorized several online casino licenses to many newcomers in the industry. Other market growth drivers in Europe include the availability of high-speed broadband internet and the rise in mobile gaming and sports betting.

One region where the market for the projected forecasted period is expected to grow exponentially is Asia Pacific. A combination of increased use of internet services, the medication of restrictions related to online gambling and betting, the adoption of cryptocurrency and the high economic growth of the Asia Pacific region is anticipated to fuel market growth throughout countries like China, India, Australia and New Zealand.

Our article discussed the market analysis report compiled by Grand View Research. It evaluated the trends and impact of Next Gen Technology on the global gambling landscape and what the future has in store for the industry. After analyzing the report and trends and looking at the projected forecasts, we have concluded that Next Gen Technology, along with factors such as mobile gaming, blockchain technology and the modification of restrictions, will ensure that the gambling industry will continue to thrive for years to come. The projected statistics from the report show that the online gambling industry is on an upward trajectory and will continue to be profitable and grow in size. Online gambling is an entertaining activity for all legal players, and to enjoy the ultimate online betting experience, remember to play responsibly and with funds you can afford to lose.

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Ukrainian President to Increase Control Over Online Casino Industry

By Shadrack Kairu 

In an attempt to strengthen governmental oversight of the ballooning online gambling industry in Ukraine, President Volodymyr Zelenskyy has put together detailed plans to enforce stricter regulations and supervision. This stems from escalating concerns surrounding the unregulated proliferation of online casinos, particularly their impact on the nation’s armed forces. 

The announcement – to increase control over the online casino industry – by the Ukrainian leader comes hot on the heels of a compelling petition spearheaded by a valiant soldier hailing from the illustrious 59th brigade, Pavlo Petrychenko.  

The fervently supported petition, amassing an impressive tally of over 26,000 signatures, vociferously advocated for a decisive prohibition of online gambling activities for military personnel. It vividly underscored the toxic effects of gambling addiction on the psychological well-being and financial stability of the gallant Ukrainian service members. 

“I held a meeting with the Security Service of Ukraine, the Ministry of Digital Transformation, the State Service for Special Communications and the National Security and Defence Council Secretary on the issue regarding online casinos. The reports were informative. We are preparing relevant steps that will add the necessary control of the industry and help protect the interests of society properly.” 

President Volodymyr Zelenskyy

This groundbreaking development heralds a remarkable paradigm shift in the governmental stance towards the online gambling scene, which has experienced an unprecedented surge in popularity subsequent to its re-regulation in the year 2020.  

As per the assertions of the chairman of the parliamentary Finance Committee, Danylo Hetmantsev, the gambling industry in Ukraine contributed a staggering sum of approximately 2.2 billion Ukrainian hryvnias (£45 million, €52 million, or $56 million) in taxes for the year of 2024. However, the recent actions undertaken by the president suggest a resolute prioritization of the well-being and prosperity of the citizenry over the financial windfalls reaped from the industry.

Banning Ukrainian Soldiers from Online Gambling

The petition forwarded by Pavlo Petrychenko is widely seen as the driving force behind the president’s audacious decision to confront the pervasive issue of online gambling head-on. In his appeal, he meticulously delineated the profound impact of gambling addiction on military personnel, who, he persuasively contends, are uniquely susceptible owing to the prodigious stressors and traumas they encounter in the line of duty. 

Petrychenko’s laudable petition implores the president to expedite the submission of a legislative bill to the parliament, one that proscribes all online gambling activities for military personnel during periods of martial law.  

The proposed legislation also eloquently advocates for the stringent prohibition of any advertising or public endorsements emanating from gambling entities purporting to extend charitable assistance, thereby effectively closing off this insidious conduit utilized for the veneer of legitimacy in their operations.  

Furthermore, the petition demands the unequivocal prohibition of pawnshops from accepting military equipment from indebted soldiers, and it vehemently calls for the imposition of stringent directives mandating internet service providers to diligently blockade access to illicit online gambling platforms. 

In his address, Zelenskyy fervently underscored the fervent endeavours of the governmental apparatus in meticulously formulating a series of measures designed to exert more control over this burgeoning industry and effectively safeguard the interests of society. 

This sentiment resonates profoundly with the concerns articulated within the petition, which sounded out the effects of online gambling not just on individual soldiers, but also on their cherished families and communities.  

Allegations Emerge that Russian Online Casinos Are Targeting Ukrainian Players

The disturbing threat of illegal online gambling companies targeting Ukrainian players has also hit headlines in the past few months. Earlier this year, the Economic Security Bureau of Ukraine successfully confiscated a staggering sum of 700 million hryvnias (£14.3 million, €16.6 million, or $17.9 million) from a prominent gambling operator embroiled in a web of tax evasion. 

The painstaking investigation conducted by the authorities unveiled the egregious modus operandi wherein the operator clandestinely operated a plethora of “mirror” websites offering illicit gambling services to unsuspecting Ukrainian citizens.  

This endeavour to address unlicensed operators signifies only a fraction of the multifaceted strategy carefully devised by the Ukrainian government to combat the burgeoning issue of illicit gambling within the nation. In 2023, a series of significant laws were enacted, imposing stricter anti-money laundering and counter-terrorism financing regulations on gambling operators. Additionally, a proposed amendment aimed to limit financial institutions from providing credit to self-excluded consumers.  

The troubling allegations implicating Russian online casinos in the unscrupulous targeting of Ukrainian players assume a particularly worrying trend, given their potential to aggravate the already tenuous security situation prevailing within the region. The Ukrainian government has, for some time now, harboured deep-seated fears regarding the exploitation of financial instruments, including gambling, as a clandestine conduit for undermining the tenets of national security and funding illegal activities. 

Against the backdrop of the conflict with the Russian forces, the looming danger of Russian-backed online casinos insidiously preying upon unsuspecting Ukrainian citizens, particularly those serving in the military classes, portends a big threat to the national security apparatus. The concerted efforts undertaken by the government to root out these operators is a strategy accurately devised to safeguard the sovereignty and well-being of the citizenry. 

Petition Demanding Restrictions on Online Gambling in Ukraine

As mentioned earlier, a few key legislations came into effect in 2023, imposing a significantly more stringent array of anti-money laundering and counter-terrorist financing stipulations on gambling operators. Concurrently, a proposed amendment ostensibly sought to preclude financial institutions from extending credit facilities to self-excluded consumers. 

In particular, the plea for a categorical prohibition on online gambling activities for military personnel is a commendable step towards stopping the insidious scourge of addiction and financial tumult affecting the armed forces. The potential effects of unchecked gambling addiction, ranging from the danger of crippling indebtedness to the shameful acts of pawning off essential equipment and, in extreme cases, defection, pose an existential threat to the national security apparatus of Ukraine. 

It is important to note that everything we’ve written about here goes beyond the borders of Ukraine. Indeed, it represents a trend observed across most nations worldwide as the digital revolution continues to transform the gambling industry.  

Leaders and policymakers worldwide, coming from diverse backgrounds, are facing a challenging dilemma as they strive to navigate the intricate task of balancing the financial benefits offered by the industry with the crucial responsibility of ensuring the welfare of their people. 

Conclusion

As Ukraine moves forward with efforts to enhance its control over the online casino domain, stakeholders within the industry will be closely monitoring, seeking clarity on how the regulatory changes will shape their trajectories. With the president’s firm dedication to safeguarding the interests of society, it becomes evident that the days of greedy casino operators shamelessly taking advantage of the innocent citizens of Ukraine are on the decline.  

We foresee a situation where Ukraine’s leadership in this noble endeavour serves as a pacemaker for other nations traversing a similar path. This is the endeavour to strike a balance between generating tax for economic growth, protecting consumers, and meeting societal welfare. Of course, this won’t be an easy task but is vital for nurturing the long-term sustainability of the fast-growing gambling industry. 

The Gambling Age Versus Global Drinking, Driving, and Smoking Laws

Belgium – known for its irresistible waffles and chocolates – is making headlines but not over sweet treats. It’s over their gambling age. This year, Belgium in Western Europe raised its gambling age from 18 to 21. It cited the associated risks of gambling addiction as the rationale behind the move. But was it a case of ensuring responsible gambling and mitigating access to the best online casinos and minimum-bet sportsbooks?  

Why, would a country raise the gambling age when all other European nations such as Sweden, Germany, Ireland, Finland, Austria and others stand in stark contrast with a legal age of 18?  This raises many questions about global inconsistencies when it comes to the responsibility levels and maturity of young adults. 

Why do age restrictions for driving, smoking, drinking alcohol, gambling, and even watching adult content vary so differently around the world?  

Due to the fact that such a decision impacts the best online casinos and minimum bet sportsbooks, MDC decided to explore the regulatory age gaps further. Here is what we found.

Global debate needed on legal age restrictions 

What is clear from the above data is that 18 year olds across most countries allow accessibility to adult content online. So, the perceived maturity level is 18 and despite the internet being rife with potential harms,  we allow 18-year-olds to navigate this space independently.

It then seems arbitrary to single out gambling as needing stricter age controls while leaving other equally, if not more, risky behaviours less regulated. Perhaps, they should apply the same logic across all these risky activities, and not in isolation.

So if lawmakers in Belgium believe that 21 is the right age for gambling, then shouldn’t this age limit be instituted for all these activities – the consumption of alcohol, smoking tobacco, driving, and watching adult content.

In my book, alcohol poses huge health risks including liver disease and addiction. What’s more is that driving a vehicle requires a high level of responsibility and can have dire life-threatening risks as well.

Also, while gambling can lead to addiction so too can alcohol consumption, smoking and pornography. These can all be addictive. Protecting young adults from the potential harms of any of these activities means taking the same step across the board.

What are the regulatory concerns? 

While the decision to raise the gambling age in Belgium may reflect some concern from decision-makers, it highlights huge gaps in how we regulate adulthood.  If the objective is to protect young people from any kind of harm, wouldn’t a more holistic approach be more appropriate – one that addresses all high-risk behaviours consistently? 

This could involve a well-rounded education program on the risks of gambling, alcohol, and internet use, in addition to support systems.  

Policymakers should strive for regulations that treat young adults fairly and uniformly but also recognise that maturity levels and responsibility do not change that much between the ages of 18 and 21. 

By aligning the legal ages across all these activities, we can create a more realistic framework that respects their transition into adulthood while also protecting them from potential dangers. 

The conversation on the gambling age should not exist in isolation but as part of a broader global discussion. To this end, best online casinos, minimum bet sportsbooks, and low-deposit casinos should also converse on the matter to ensure decision-makers are presented with a far more aligned approach.