Cryptocurrency

Global Betting on Super Bowl Set To Reach $20B This Year – Online Sportsbook and Casino Cloudbet Estimates $500M could Be Bet in Cryptocurrency

Published

1 year ago

February 9, 2023

Reading Time: 2 minutes

When the Chiefs and Eagles face off in the Supe Bowl this Sunday in the United States, sportsbooks around the world will be taking bets on everything from the outcome of the game to the time it takes country star Chris Stapleton to sing the National Anthem. Cloudbet, an online casino and sportsbook specializing in betting with cryptocurrency, estimates that by the time the game is over, those bets will add up to upwards of 20 billion US dollars in total value.

“Several states across America have legalized sports betting over the past few years, pushing trade groups there to estimate at least $16B in US turnover alone for the 2023 Super Bowl”, said a Cloudbet spokesperson. “We see the US market making up about two-thirds of Super Bowl betting, meaning at least $20B in worldwide turnover is entirely possible”.

Of that $20B, Cloudbet sees a potential for $500M or more to be bet in cryptocurrency. “We’re watching two trends happening across crypto that predict a big Super Bowl bet total for crypto this year”, the spokesperson said. “First, there is the general, growing adoption of cryptocurrency as part of corporate and personal portfolios around the world. And second, record user growth on our own platform last year points to a growing appetite for crypto adopters to not only bet on crypto, but to bet with crypto as well”.

Gambling advertising during sports events has also impacted growth, according to Cloudbet. “We don’t currently pay for broadcast advertising or sponsorship during sports, because we prefer to put that money into attracting users through better odds. But the truth is those ads work, and organic traffic to our site continues to rise as more and more people search for where they can bet on sports online, and where they can use crypto to place bets as well”.

With at least 100M global viewers tuning into the Super Bowl this year, some sportsbook advertisers are expected to spend heavily on ads during the game. That will mean a lot of interested sports fans searching “where to bet online” on Sunday. If even a relatively small percentage of those create new accounts and stick with betting into next season, the 2024 global totals could be much, much higher.

BitLine

BitLine Enhances Onboarding Experience in Collaboration with Jumio: Simplified KYC for Casino Patrons

Published

4 days ago

April 25, 2024

GamingAmericas.com

bitline-enhances-onboarding-experience-in-collaboration-with-jumio:-simplified-kyc-for-casino-patrons

This collaboration emphasizes convenience, security and regulatory compliance

Through the BitLine app, users can seamlessly transact with up to US$10 million in casino chips 24/7

BitLine, a pioneering provider in the integration of digital assets for direct access to casino chips, proudly announces a strategic alliance with Jumio, an industry leader renowned for its comprehensive know-your-customer (KYC) solutions.

This partnership marks a significant milestone as BitLine streamlines its onboarding process for casino patrons, ensuring a seamless and secure journey into the realm of digital asset-based payments for gaming.

The collaboration between BitLine and Jumio signifies a commitment to delivering unparalleled convenience while upholding the highest standards of security and regulatory compliance. By leveraging Jumio’s advanced technology, BitLine reinforces its dedication to building trust among users and offering a frictionless experience for individuals seeking access to casino chips via digital assets.

Richard Jones, the Chief Executive Officer for BitLine by Ibanera, expressed enthusiasm about the partnership, stating: “Trust and compliance are the cornerstones of every successful casino venture. At BitLine, our vision to innovate this industry through digital assets hinges on maintaining trust and adherence to regulations. Our collaboration with Jumio represents a monumental stride towards achieving this vision, ensuring that casino patrons transact securely and confidently through our platform.”

Echoing this sentiment, Robert E Prigge, the Chief Executive Officer for Jumio, commented: “The evolving landscape of digital assets presents endless possibilities and BitLine’s innovative approach has reshaped the casino industry. By eliminating withdrawal limitations and expanding accessibility, BitLine has ushered in a new era of gaming. We are thrilled to contribute to BitLine’s journey by providing essential elements of security and compliance.”

BitLine by Ibanera grants cryptocurrency owners unprecedented access to up to US$10 million in casino chips, 24/7/365, serving as a conduit for liquidity on the casino floor. Through the intuitive BitLine app, casino enthusiasts worldwide can initiate transactions within minutes, leveraging their digital assets to unlock funds effortlessly.

Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

1 week ago

April 22, 2024

George Miller

payhound-empowers-lsports-with-a-seamless-solution-to-receive-payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

The post Payhound empowers LSports with a seamless solution to receive payments appeared first on European Gaming Industry News.

Crypto iGaming industry

Elray Resources Inc. Officially Launches Kings of Sport – a Pioneering Crypto Casino

Published

2 months ago

March 5, 2024

GamingAmericas.com

elray-resources-inc.-officially-launches-kings-of-sport-–-a-pioneering-crypto-casino

Elray Resources Inc., an emerging leader in the Crypto iGaming industry, has launched Kings of Sport (KOS), a state-of-the art online crypto casino that brings together the world of cryptocurrencies with the excitement of traditional casino games.

Kings of Sport is expanding player options in the online gambling industry by providing users with a diverse selection of classic and modern casino games that can be played using popular cryptocurrencies like Bitcoin, Ethereum, and others.

“Our partnership with KOS is a major step toward deploying Elray’s Crypto IP and expanding our presence in the growing Crypto iGaming market. We are pleased with the immediate response by players to KOS’ unique Crypto Casino offering, as evidenced by the registration of over 3,500 users during the first week,” Vincent Cai, chief technology officer at Elray, said.

Key Features of Kings of Sport:

Wide Selection of Games: Users will have access to a wide range of classic and modern casino games, including live, slots, poker, blackjack, and roulette, among others.
Cryptocurrency Integration: Kings of Sport supports multiple cryptocurrencies for deposits and withdrawals, providing users with a seamless gaming experience.
Provably Fair Gaming: The platform offers tested and proven games offering high payout percentages.
24/7 Customer Support: Dedicated customer support team available round the clock to assist users with any queries or concerns.
Fast Payouts once players have been verified.
State of the Art User-Friendly Interface: The platform is designed to be intuitive and easy to use, ensuring a smooth gaming experience for all players.

“The registration numbers have been much higher than our expectations and, with this new KOS platform, we are bringing together the world of cryptocurrencies and online gaming to create that unique experience. We believe the rollout of the KOS platform will achieve the highest standards required to provide crypto players with a secure, fair and enjoyable gaming experience,” said Mr. Cai.