Cryptocurrency
Crypto Trends in iGaming: SOFTSWISS Insights
SOFTSWISS presents a report with statistics and insights on the development of cryptocurrency across its Online Casino Platform, Sports Betting Platform and Game Aggregator clients. The information in the report reflects comparative data for the third quarter of 2021 and the same period in 2020, collected on an anonymous basis.
TOTAL BETS IN CRYPTO
The main conclusion drawn from the data obtained for Q3 2021 is that the volume of bets placed in cryptocurrency is increasing. Compared to the same period last year, the increase was 2.8 times. The positive trend continues throughout 2021: the increase from Q2 2021 to Q3 2021 is 28%.
“This strong growth is not only due to SOFTSWISS’ organic development but also owes itself to increased digital consumption around the world. iGaming companies are investing more and more into marketing. This leads to an increase in the popularity of online gaming and betting among female audiences and young players over the age of 21 who actively use cryptocurrencies in their daily lives in general and for online betting in particular. This is reflected in the increasing share of crypto in iGaming”, comments Andrey Starovoitov, COO at SOFTSWISS.
CRYPTO VS FIAT
Crypto is gradually encroaching on fiat currencies. Compared to Q3 2020, the share of bets in crypto versus fiat has increased by 27.6 percentage points in the same period in 2021. The upward trend in crypto popularity is also confirmed by comparative data for Q2 and Q3 2021, when the share of crypto bets rose by 10.3 percentage points from 33% to 43.3% respectively.
Andrey Starovoitov, COO SOFTSWISS, notes: “This dynamic is most likely due to the growth and development of the number of crypto brands. While in Q3 2020, they were still newcomers to the market, they can be considered experienced players in the crypto gambling industry this year. The expansion of these brands into new markets has also played an important role in this.”
CRYPTO VS FIAT: SPORTSBOOK
A completely different trend is seen in betting on sports. In this category, fiat currencies retain an absolute advantage. In Q3, 98.76% of bets were made in fiat currencies, compared to only 1.24% in crypto.
Aleksander Kamenetskyi, Sportsbook Product Owner, notes: “This is most likely because the vast majority of the Sportsbook’ clients are those companies that launched their casinos without an initial focus on cryptocurrency operation. Their main focus was on fiat. However, the trend has changed, and now cryptocurrencies are always considered an important component when launching new projects. Therefore, I am sure crypto share will only grow in the future.”
See which cryptocurrencies are favoured between casino and sports betting players in the full report SOFTSWISS Crypto Insights Report.
About SOFTSWISS
Based on the Online Casino Platform and CoinsPaid wallet management and payment processing, the Crypto Solution makes for the single best way to launch a crypto-powered gaming project.
SOFTSWISS is an international tech brand supplying widely acclaimed, certified software solutions for managing iGaming operations. SOFTSWISS holds a number of gaming licenses, providing one-stop-shop iGaming solutions. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, the Affilka affiliate platform, and Sportsbook Platform. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution. The company has since been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.
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BurraPay
Byte Federal Announces Successful Launch of Custom-Built Integration Supporting BurraPay’s Historic Entry into America’s Regulated Gaming Market
Byte Federal Inc. announced the integration of its payment and exchange services with BurraPay, the first cryptocurrency payments processor to operate inside Nevada’s regulated gaming market. Byte Federal is enabling BurraPay’s secure, compliant cryptocurrency transactions within licensed casino and sportsbook environments – a barrier that, until now, has kept digital assets entirely out of the regulated U.S. gaming ecosystem.
BurraPay announced its U.S. debut last week with its first client, Circa Resort & Casino in downtown Las Vegas, home of The World’s Largest Sportsbook. On June 4, the platform processed the first legal cryptocurrency-funded sports wager in Nevada history.
“The Nevada Gaming Control Board’s willingness to engage with compliant crypto infrastructure reflects the forward-thinking regulatory leadership that has kept Nevada at the forefront of the global gaming industry for decades. Nevada has set a blueprint. Our focus now is to continue working directly with regulators in other jurisdictions to replicate that – giving them full visibility into our compliance framework and the proven infrastructure we’ve deployed with Byte Federal, so they can move forward with confidence,” said Luke Millanta, CTO and Co-Founder of BurraPay.
Players wishing to fund their wagering activity using cryptocurrency, including Bitcoin, Ethereum and Litecoin, can now do so by visiting the sportsbook at Circa Las Vegas.
28% of U.S. adults own cryptocurrency and nearly half of all global crypto holders use digital assets for gambling. Yet billions in wagering volume has been flowing offshore to unregulated operators – outside the consumer protections, outside the tax base, outside the rules. BurraPay built the compliance-first platform to bring that activity onshore. Byte Federal provides the purpose-built exchange layer to make it run.
“This is what we’ve been building toward since 2016: digital assets that aren’t just held, but used. A patron walking into a Las Vegas sportsbook and funding a wager with Bitcoin, fully compliant, fully legal – that’s the promise of this technology meeting physical reality. We’re proud our infrastructure is part of the stack,” said Paul Tarantino, CEO of Byte Federal.
Byte Federal will continue working alongside BurraPay as it signs new operators, expands into additional jurisdictions on a state-by-state basis, and scales to meet growing demand – with BurraPay now approved in five key gaming states across the US.
“Earlier this month, a patron walked into a Las Vegas casino and funded a sports wager with Bitcoin. That has never happened before. That’s what a compliance-first platform makes possible. Byte Federal’s exchange solution is key to making this work, and as BurraPay expands into every state in the country, they’ll be right there with us,” said Millanta.
And the opportunity doesn’t stop with gaming: Byte Federal is already in talks with other industries about facilitating custom builds tailored to their unique needs.
The post Byte Federal Announces Successful Launch of Custom-Built Integration Supporting BurraPay’s Historic Entry into America’s Regulated Gaming Market appeared first on Americas iGaming & Sports Betting News.
Cryptocurrency
WSOP to Bring Crypto to Events Through Solana Tournament Purchases
The World Series of Poker (WSOP), the longest-running and most prestigious poker tournament series in the world, announced a first-of-its-kind collaboration with the Solana Foundation to bring cryptocurrency directly into the global poker experience.
This will be the first time in WSOP history where players can purchase tickets to tournaments directly with cryptocurrency, and by leveraging Solana’s technology, this payment method will have zero processing fees.
The integration will expand further at the 2026 WSOP Paradise in The Bahamas this December, where tournament winners can receive settlements in stablecoins on Solana, enabling near-instant access to payments and reducing the friction traditionally associated with international tournament settlements.
As part of this collaboration, Solana Foundation will also serve as the official Presenting Sponsor of the 2026 World Series of Poker and 2026 World Series of Poker Paradise.
The World Series of Poker, Dealt by Solana
The poker community has long been at the forefront of cryptocurrency adoption, with players embracing decentralized technology, like Solana, for its efficiency and transparency. As a high-performance blockchain, Solana is celebrated for its industry-leading transaction speeds – capable of processing thousands of transactions per second – and ultra-low costs, with average fees remaining below $0.001. By enabling players to make purchases through Moonpay, and cashout in stablecoins on Solana, these initiatives allow:
• Faster settlement and streamlined payment processing for eligible events
• Greater accessibility for international players traveling to WSOP events
• Near-instant global settlement, with reduced friction for users
• Expanded payment flexibility for players participating in marquee tournaments worldwide
Introducing Solana-powered purchases and settlements modernizes how money moves through the poker ecosystem and reduces friction for players around the world.
Where Poker and Cryptocurrency Converge
This initiative bridges the digital space and the poker world, reinforcing the growing demand among players for faster financial tools that simplify participation in global events. Beyond payments, the collaboration brings together communities that are closely aligned.
“We are incredibly proud to bring such an innovative and passionate community into the fold. Solana’s ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience. Solana’s speed and efficiency mirror the fast-paced energy of our tournaments, and we are excited to showcase their technology to our global audience,” said Ty Stewart, Chief Executive Officer of WSOP.
“Solana is a digital economy where people can own and trade millions of assets, make payments, earn on their money, and more. Trading in particular has been a huge area of growth on Solana over the last few years, generating over $4 trillion in volume. At its core, trading shares many of the same characteristics as poker: hard decisions, incomplete information, minding your bankroll. We’re incredibly excited to grow the game of poker with the WSOP and bring these two worlds together,” said Vibhu Norby, Chief Product Officer, Solana Foundation.
“Poker players have always lived at the forefront of innovation. They think in probabilities, move fast, and adopt the tools that give them an edge. Cryptocurrency is a natural fit. By powering purchases and settlements through MoonPay on Solana, we’re meeting that demand directly: faster, borderless payments that make it simple for players anywhere to take their seat at the world’s biggest tables,” said Jim Walker, President of MoonPay Commerce.
Beyond the Felt: Ambassadors and Hospitality
The Solana Foundation is set to sponsor a select group of individual poker player ambassadors who will represent the ecosystem at this summer’s WSOP event. Additionally, the Solana ecosystem will host exclusive hospitality events at the Paris and Horseshoe venues in Las Vegas, as well as a premier experience during WSOP Paradise in The Bahamas this winter. Solana users can also look forward to collaborative onchain poker products, developed with WSOP, to follow.
The post WSOP to Bring Crypto to Events Through Solana Tournament Purchases appeared first on Americas iGaming & Sports Betting News.
Crypto
Jackbit Rebrands as Jack.com, Launches Volume 2.0 Platform Upgrade
Jackbit, the fast-growing crypto gaming destination, has officially completed its transition to Jack.com, unveiling a new brand identity and simultaneously launching Volume 2.0 — a comprehensive platform overhaul designed to power its next stage of international growth.
The rebrand comes after years of building a loyal user base on the back of lightning-fast crypto withdrawals, transparent operations, and a player-first philosophy. Securing the Jack.com domain signals the company’s commitment to becoming a major global player in the crypto gaming space.
“Jack.com represents the beginning of a much larger global expansion strategy. We will continue introducing new features, community tools, and strategic partnerships as the ecosystem evolves,” the company said.
Volume 2.0 brings sweeping changes to the platform. Wallet 2.0, a rebuilt payment infrastructure, now features cleaner transaction tracking, improved deposit and withdrawal flows, and expanded visibility across all payment activity. Navigation has been redesigned for speed, and security enhancements have been applied across the board.
The social fabric of the platform has also been strengthened. New community features including a Live Bets Feed, Recent Big Wins display, and High Rollers leaderboard allow players to engage with live platform activity. A new Tips Function enables peer-to-peer tipping directly within the platform — a first-of-its-kind feature in the crypto gaming sector.
On the loyalty side, Jack.com has launched a fully redesigned VIP program offering Instant Rakeback, Weekly and Monthly Bonuses, Level-Up Rewards, and dedicated VIP managers for top-tier members.
Jack.com offers thousands of casino games, live dealer experiences, original titles, esports betting, sportsbook markets, and tournaments — all accessible with seamless crypto payment options.
Existing Jackbit users will experience no disruption to their accounts during the transition. Jack.com operates under a Curaçao gaming license and was founded in 2022.
The post Jackbit Rebrands as Jack.com, Launches Volume 2.0 Platform Upgrade appeared first on Americas iGaming & Sports Betting News.
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