Crypto moving forward in iGaming in 2025

Crypto moving forward for 2025
27th Nov, 2024
Simon Colmenares Author Profile Photo Simon Colmenares

Cryptocurrency and iGaming have already forged a strong partnership. More and more online casinos accept cryptocurrency as a deposit and withdrawal method, while some casinos are using blockchain technology to help provide a secure, enjoyable gaming environment.

The crypto industry is enjoying its moment, with the incoming U.S. President Donal Trump expected to introduce regulations that will enhance consumer protection and choice. 2025 is set to be an exciting, and potentially explosive year, for cryptocurrency iGaming options.

Cryptocurrency In iGaming

Crypto is proving popular with iGaming players because it offers instant deposits and withdrawals. Sites like tg casino can offer even better bonuses due to the lower fees and faster remittances associated with cryptos like Bitcoin, Solana, and Tether. What’s more, registering to a crypto casino is more convenient, as you need to submit only your key crypto wallet data. 

Because crypto works the same way over international borders as it does within the same country, players can enjoy access to offshore as well as local casinos. The total iGaming market is expected to reach more than $120 billion within the next three years, and cryptocurrency-enabled casinos will be in a position to take a large slice of this revenue.

Greater regulation

iGaming is a heavily regulated market, and cryptocurrency is likely to head in the same direction as governments and government agencies get a better understanding of how the digital currency works. Even in developed countries like the U.S. only seven states have regulated iGaming markets. But, with the potential to generate massive tax revenue, many states are trying to pass bills and amendments that would see further regulation.

Currently, players in unregulated states must either use offshore casinos or not gamble online. Crypto regulation is under consideration, or fully legalized, in all of the G20 countries, which means we are likely to see even more widespread use of these innovative currencies.

Dedicated iGaming coins

There are thousands of cryptocurrencies on the market already. Bitcoin currently accounts for the vast majority of crypto gambling wagers with Ether, Doge, Litecoin, and Tether being other popular choices. However, some casinos have launched their own crypto coins, and this is a trend that will likely continue.

For the consumer, native casino coins typically come with additional bonuses, which makes them appealing. And the casino itself enjoys governance of the coin as well as any potential gains on the market. We will likely also see an increase in cryptocurrency wallets, and the integration of cryptocurrency into other e-wallets

Improved stablecoin adoption

One of the reasons a lot of people are reluctant to get more involved in cryptocurrency is the volatility that coins like Bitcoin face. In the past two weeks, Bitcoin prices have increased more than 30%, but prices are also prone to significant drops. Stablecoins, which are pegged to the value of currencies like the US Dollar, do not suffer this volatility.

A single Tether is always worth a single dollar. Governments are already discussing the regulation of stablecoins, which will likely lead to greater adoption. Stablecoins offer the same low-cost, fast transactions as other coins but they remove the potential for losses.

The introduction of CBDCs

Blockchain is the framework on which cryptocurrency is built. And, even Bitcoin critics point to the substantial benefits that blockchain itself has to offer. This has led to central banks and governments investigating the possible introduction of their own Central Bank Digital Currencies (CBDCs).

CBDCs are not strictly cryptocurrencies, because they are governed by a central group or organization, but they will be legal tender in the countries they are issued and they will make transfers and withdrawals quicker and easier for players.

Integration into the Metaverse

The Metaverse is a virtual world where users can interact. Decentraland is a Metaverse established on the blockchain and that features some of the world’s biggest companies. Adidas, Atari, and Miller Lite have their own land in Decentraland.

Other Metaverses also exist, and as the technology improves these worlds will offer more immersive experiences, including virtual reality visits. Metaverse casinos already exist, although they haven’t really hit the mainstream yet. If VR continues to pick up pace, and worlds like Decentraland welcome them, we can expect to see varied ways for players to interact with their chosen iGaming sites.

NFT collectibles

NFTs are becoming increasingly commonplace. And, as well as offering opportunities to digital artists, they have a lot of use cases. They can be used to tokenize assets or even moments, and in the iGaming world, one use we could possibly see is as virtual casino chips.

One of the beauties of NFTs is that they can be transferred and moved, so players can use their chips from a casino site and move them over to a poker room or to an online gaming platform that offers compatibility with the chosen token. Combined with Metaverse worlds, players could take their online avatars into casinos. NFTs might also be used by casinos to integrate gamification into their platforms.

Benefits of crypto in iGaming

Cryptocurrency is already becoming popular at online casinos. The blockchain networks are secure thanks to the use of advanced cryptographic techniques, and this makes cryptocurrency payments potentially even more secure than credit card or bank payments. User details are also kept private, and players do not need to register their personal details or submit banking or other financial details on the casino site.

Crypto casinos, and cryptocurrency in general offer a viable option for the unbanked population, who do not have access to basic banking facilities otherwise, and they can offer some of the biggest bonuses and best payment terms of all online casinos.

Conclusion

iGaming is a booming industry, with players around the world placing wagers and bets on some of their favorite casino games in the hope of winning some cash. 2025 is likely to see more dedicated crypto casino coins launch, as well as improved stablecoin integration, and both the iGaming and cryptocurrency markets will experience further regulatory progress in countries around the world.

Crypto will also continue to offer a viable option for the unbanked, as well as for those players who live in areas where online gambling is restricted, and we can expect to see iGaming and crypto integrate with the Metaverse, VR, AI, and other emerging technologies.

27th Nov, 2024
Simon Colmenares