Bitcoin
The Gambler’s Fallacy is a Crutch for Bitcoin Adoption
By Ray Sze, Head of Games at Bitcoin.com, who has extensive experience in the gaming industry that stretches back more than a decade.
Gambling is a human institution and has been for millennia. It has been there along the way with religion, relationships, and sports as a regular institution in our lives. Many hopes and dreams have been validated and destroyed on the whims of a game of dice or roulette wheel. There is an explanation though – The Gambler’s Fallacy. This logical premise is cemented in the human psyche and is why gambling continues to thrive as an industry today — the same as it did in Babylon.
Today however, gambling is a much different phenomenon than its ancient predecessors. Americans bet $149 billion illegally on sports in 2015, and digital casinos rake in profits that compete with their physical counterparts on the Las Vegas strip.
Internationally, gambling havens like Monaco and Macau thrive on the same predilections for gambling that enabled hotbeds of underground casinos to emerge in the first place.
But the digital world is where gambling is poised to continue its rapid growth. No longer can fortunes explicitly be made and lost at a physical card table. Poker celebrities continually arise out of vaunted online poker circles to hit the floor at world championships hosted by the likes of MGM and The Venetian.
And cryptocurrencies are positioned to become an integral component of the proliferation of digital gambling.
An Already Changing Landscape
A cursory glance at some of the leading online gambling venues (e.g., Bovada), reveals that these platforms are already embracing cryptocurrencies.
For example, before the emergence of bitcoin, online gambling platforms typically had to pay out winners via cashier’s checks (delivered by snail mail) or chargebacks to the user’s credit/debit card. A cashier’s check is about the slowest route to pay someone and is, obviously, not ideal in 2020. Chargebacks to cards were admittedly popular for a while, but they exposed Americans (illegally online gambling) to the whims of their banks and formed a trail of breadcrumbs for authorities investigating online platforms.
Enter bitcoin.
Nearly every popular online gambling site that earned its stripes in the early 2000s is embracing bitcoin. It reduces regulatory exposure on the part of the bookie (i.e., the platform), and makes payments quicker, more anonymous, and less costly. Bitcoin is naturally congruent with digital gambling.
And the second-order effects on bitcoin’s adoption are important to recognize.
Gambling is an Adoption Crutch for Bitcoin
People who gamble, and are not familiar with bitcoin, will progressively be exposed to the legacy cryptocurrency as their presence on digital gambling platforms increases. It will progress out of necessity and convenience too, not out of some ideological loyalty to bitcoin.
If you’re gambling on an online platform, what’s the better option?
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Risk problems with your bank and not receive your payout by using the card chargeback method.
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Wait for 2 – 4 weeks to receive a check in the mail.
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Download a bitcoin wallet and use that for instant payouts for the remainder of your gambling voyage.
Option 3 is clearly the most convenient.
Bitcoin adoption based on convenience is also a unique adoption curve for the cryptocurrency. Outside of online gambling, bitcoin is primarily “convenient” in the context of stashing funds from oppressive governments, circumventing capital controls, or sending lucrative sums to another person/entity with strong security and speed assurances. Outside of those contexts, bitcoin is not well understood by the public and is inconvenient to use.
The user-experience of wallets in the bitcoin market is rapidly improving, but gambling may be the crutch it can lean on in the near future.
For example, digital casinos aren’t solely emerging as competitors to Las Vegas casinos, they’re arising exclusively as bitcoin casinos — like Bitcoin Games. These digital gambling platforms emphasize the speed of payouts, transparency, and privacy. Not to mention they’re populated with new types of games and (in many cases) open-source code on a blockchain to enable gamblers to verify that they’re not being taken to the woodshed by the house.
And once these casinos start embedding more advanced sportsbooks? Lookout. Especially considering the NBA’s recent warming to the idea of enabling legal gambling on its games.
Digital global gambling statistics are challenging to coalesce due to fragmented regulations and the illegal nature of its existence with many private bookies, but what’s evident is the massive scale of the industry. Online gambling has grown virtually linearly over the last decade and the industry as a whole is projected to expand by a CAGR of 8.7 percent through 2024.
With an estimated 26 percent of the world’s population gambling at some point, that’s an enormous opportunity to onboard more users to bitcoin — an adoption crutch often overlooked as we enter the 2020s.
ABCripto
ABcripto announces Diego Perez as VP and strengthens bridge with fintechs
The Brazilian Crypto Economy Association (ABcripto) announces Diego Perez as its new Vice President and Director of Institutional Relations.
The appointment reflects the current stage of Brazil’s digital assets market, now focused on consolidation, regulatory architecture, and integration with the traditional financial system.
Perez joins ABcripto after serving as President of ABFintechs for the past six years, following an eight-year trajectory within the organisation, including earlier board roles.
Who is Diego Perez
He now joins the association’s council, maintaining proximity to both ecosystems and contributing to the advancement of integration between financial innovation and digital assets.
A lawyer with an LL.M. in Financial and Capital Markets Law from Insper, Perez has worked for over a decade at the intersection of financial innovation and regulation.
He is co-founder of SMU Investimentos, with experience in asset tokenisation initiatives, including participation in the CVM regulatory sandbox, and Vice President of Fintech Iberoamérica (FIA), where he follows regulatory harmonisation agendas across Latin America.
At ABFintechs, he led industry dialogue with the Central Bank, CVM, Ministry of Finance, COAF and the National Congress on topics such as Open Finance, Pix, Drex and digital asset regulation.
He also contributed to public consultations and regulatory proposals.
This experience in managing complex agendas involving innovation, competition and regulation is now being brought to ABcripto.
“Taking on the vice presidency of ABcripto is an opportunity to contribute even more directly to the consolidation of a balanced regulatory environment, one that fosters innovation without compromising legal certainty and the integrity of the financial system,” said Perez.
“The crypto asset sector in Brazil and Latin America is going through a decisive moment, where the development of well-calibrated public policies will be essential for its sustainable growth.
ABcripto plays a central role in this process, acting as a qualified interlocutor between the market and regulators, and as a coordinator of an agenda that combines competitiveness, financial inclusion and the fight against illicit activities.”
In his new role, Perez will focus on regulatory framework implementation for virtual asset service providers, integration with financial infrastructure such as Open Finance and Pix, and the advancement of the stablecoin agenda.
He will also engage with tax authorities and coordinate regional efforts toward regulatory convergence in Latin America.
His appointment reinforces ABcripto’s positioning as a technical and representative association capable of translating sector complexity into qualified dialogue with government, regulators and the press.
“Diego brings experience from a sector that has already gone through a regulatory transition, which will be essential for us over the coming years.
His arrival, together with the new directors of Management and Finance (Flávio Bindandi) and Legal and Projects (Julia Martinelli), who also bring expertise from regulated markets, completes the association’s Executive Board, which is expected to announce new projects and partnerships soon,” said Julia Rosin, Executive Director.
About ABcripto
The Brazilian Association of Crypto Economy (ABcripto) represents the digital asset sector in the country (Bitcoin being the best known of these).
It works to organize and develop the business environment, represents the interests of market participants, and collaborates in the construction of public and private policies that foster innovation and guarantee investor rights.
Its mission is to bring Brazilians closer to the crypto market and bring together the agents responsible for the development of this new financial services infrastructure.
The post ABcripto announces Diego Perez as VP and strengthens bridge with fintechs appeared first on Americas iGaming & Sports Betting News.
Affiliates
Media Troopers spotlights prediction market push at Bitcoin 2026 in Las Vegas
Affiliate says it upgraded Media Cruiser to support prediction market acquisition as partners expand beyond sports betting and casino.
Media Troopers used the 2026 Bitcoin Conference in Las Vegas (April 27–29 at The Venetian Resort) to highlight its growing focus on prediction markets and its work with operators moving into the category.
The affiliate and customer acquisition group said it is seeing demand from existing partners that are expanding into prediction markets alongside sports betting and casino gaming.
Media Troopers said it has updated its infrastructure in recent months to support prediction market traffic across its network. The company also cited enhancements to its proprietary marketing technology platform, Media Cruiser, aimed at “more detailed targeting, audience segmentation, and acquisition strategies.”
“We’re seeing sustained demand from our partners in this space,” said Shmulik Segal, Chief Executive Officer at Media Troopers. “Prediction markets are no longer experimental. They’re becoming a meaningful part of the ecosystem, and we’ve been aligning our capabilities accordingly.”
“Prediction markets live exactly where gaming and crypto meet,” Segal added. “Being at Bitcoin 2026 allows us to connect with the operators and platforms shaping that future.”
The post Media Troopers spotlights prediction market push at Bitcoin 2026 in Las Vegas appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Bitcoin
BTCGOSU Celebrates 5 Years of Bitcoin Casino Guidance With High Value Giveaways Amid Trump-Era Cryptocurrency Market Volatility
BTCGOSU, the leading independent guide to Bitcoin gambling and crypto casinos, announced its 5th anniversary. Since its founding in 2020, the platform has established itself as the gold standard for comprehensive, unbiased cryptocurrency gambling resources during a period of unprecedented growth and now increasing volatility in digital asset markets.
As cryptocurrency markets navigate the turbulent waters of President Trump’s recent economic policies, including the sweeping global tariffs announced on “Liberation Day” and the proposed national Bitcoin Reserve, BTCGOSU remains committed to providing crypto gamblers with reliable guidance on maximizing digital assets in the gambling space.
“When we launched BTCGOSU five years ago, we set out to create the most trustworthy resource for crypto gamblers in an industry plagued by misleading information. Today, as player volumes demonstrate strong growth despite the Trump administration policies, the cryptocurrency landscape faces new challenges and opportunities, making our mission more relevant than ever,” said Efialtis, founder of BTCGOSU.
BTCGOSU casino reviews cover hundreds of platforms, analyzing everything from trust, legitimacy, and anonymity factors to deep studies of the full range of crypto casino games, player bonuses, and payout speeds. The site’s reputation for objectivity and honesty has earned it widespread recognition on Bitcointalk.org, where it has been highlighted as an exception among casino review sites for an unwavering commitment to providing unbiased information.
“In a market where Bitcoin prices can fluctuate dramatically based on a presidential tweet or tariff announcement, crypto gamblers need reliable information more than ever. Whether it’s navigating new regulatory environments or finding casinos that offer the best hedge against market volatility, BTCGOSU continues to be the trusted guide for the crypto gambling community,” added Efialtis.
To ensure a strong focus on the trust and confidence factors affecting all crypto gamblers, Efialtis implemented a provably fair verifier early in the life of the site. This verifier is widely used by registered BTCGOSU players.
The platform’s anniversary comes at a pivotal time for cryptocurrency markets. Trump’s policies, including the establishment of a Strategic Bitcoin Reserve and the appointment of crypto-friendly figures like Paul Atkins as SEC Chair, led to a significant uptick in crypto adoption. Bitcoin’s value soared to new heights in early 2025, with prices hitting $111,000, reflecting a 60% increase since his re-election in November 2024.
Tariff uncertainties have since resulted in a fall-back in values, but the policies have increased interest in cryptocurrency investing, with the number of active crypto holders growing amid tangible government support.
As a result, the crypto gambling market has seen an influx of new players, with transaction volumes of $2 trillion in 2023 projected to increase to a soaring market value of $150 billion by 2030.
To celebrate its milestone and cater to the increasing player numbers, BTCGOSU is launching a series of special 2025 initiatives, including exclusive bonuses with partner casinos, educational content about the intersection of crypto gambling and market dynamics, and an anniversary $5000 giveaway.
The post BTCGOSU Celebrates 5 Years of Bitcoin Casino Guidance With High Value Giveaways Amid Trump-Era Cryptocurrency Market Volatility appeared first on Gaming and Gambling Industry in the Americas.
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