iGaming Super Show: ‘Gambling One of Largest Segments for Bitcoin’

Written by :

C Costigan

Published on :

14 July, 2017

iGaming Super Show: ‘Gambling One of Largest Segments for Bitcoin’

Speaking during a Thursday session at the iGaming Super Show in Amsterdam, CEO of Jamworx Marc Kinesberg sung the praises of crypto-currency Bitcoin.

BetOnline now accepts Litecoin – Click Banner Above

“Gambling is one of the largest market segments for bitcoin and over $1bn has already been spent,” he told the crowd, noting that Bitcoin accounts for some 90 percent of all anonymous digital currency transactions today.

The single most popular online games for Bitcoin gamblers: Dice, followed by casino.

On the negative side, the currency can be volatile and double spend sometimes occurs, where a bitcoin is spent on two different sites at the same time, though chargebacks are minimal as compared with traditional credit card transactions.

Kinnesberg said that online gaming operators should properly research bitcoin before getting involved, but that it was definitely a good bet.

The iGaming Super Show is popular among operators and affiliates as well as software providers to the Internet gambling sector.

- Aaron Goldstein, Gambling911.com

Business & Financial

CRYPTOCURRENCIES

Gambling News

Online Gambling Affiliates

Can't Play With Kalshi From Washington State - WTF?

Judge John McHale of the King County Superior Court said the state showed "a likelihood of actual and substantial injury to Washington consumers from illegal gambling activities" if no injunction (against Kalshi) were issued.

Knoxville Tennessee is Getting a New Nonstop Flight to Las Vegas

Southwest Airlines has announced it will begin flying nonstop flights between Knoxville, Tennessee and Las Vegas, Nevada on Saturdays and Sundays, which will compliment Allegiant Airlines Monday and Friday nonstop flights.

Rare Albino Alligator Sisters to Make This Marksville Louisiana Casino Their New Home

Native American tribes consider albino alligators extraordinary beings that are often associated with spirituality, renewal and the importance of respecting the natural world.

ISPs in France Ordered to Block Polymarket

France’s gambling regulator said on Friday it had instructed internet service providers to block access to the Polymarket betting website, citing concerns that it ‌could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated.