Cryptocurrency
Crypto Bets Drop 14.6% While Ether Grows its Share: SOFTSWISS Sums up Ambiguous 2022
The unstable climate of the last year’s global developments has affected various business sectors related to cryptocurrencies. The iGaming industry was no exception. To predict the future for cryptocurrencies, it is first worth addressing and dealing with the outcomes of 2022. SOFTSWISS, a leading tech provider for iGaming, has analysed the past year’s data to share an expert crypto report with the industry.
A pioneer in crypto gambling with its Crypto Casino Solution and 10 years of market expertise, SOFTSWISS quarterly analyses the crypto market to share insights with the industry. The tech-savvy developer presents its newest report analysing the crypto results of 2022 versus 2021, based on the data from 700 clients of the Game Aggregator and the Casino Platform by SOFTSWISS.
2022 VS 2021
Despite the last year’s fluctuations on the crypto market, the total bets, including those in fiat money and digital coins, made on the supplier’s platform increased by 31% compared to 2021. The gross gaming revenue, that is the difference between the amount wagered and the amount won, also showed a growth of 36% YoY.
In Q2 2022, the total bets passed the 20 billion euro mark. The indicator continued to grow steadily each quarter until the end of 2022. The average total bets increased by 35% QoQ. In comparison with 2021, the quarterly average GGR increased 2.7 times, having reached 38% of growth.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “The fact that we see an increasing number of new fiat projects does not diminish the power of the already established worldwide community of crypto players. They became a strong drive for iGaming operators to implement and expand payment methods supporting digital coins. iGaming tech providers will still be focused on developing new crypto-centric tools. For example, we’ve launched the In-Game Currency Conversion feature allowing the crypto audience to enjoy all available games through automatic conversion of digital coin bets into fiat wagers.”
FIAT VS CRYPTO
Compared to 2021, the overall amount of crypto bets decreased by 14.6% to 20.2 billion euro. The 3.5 billion euro drop on the crypto side influenced the fiat share growth. By the end of 2022, the total fiat bets accounted for 76% of the total player bets.
MOST USED DIGITAL COINS
Despite dropping over 60% in price in 2022, Bitcoin is still in the lead, accounting for 72.7% of the total crypto bets. At the same time, this digital coin has lost 7.4 p.p. since 2021. Ethereum has improved its popularity among players, gaining 3.7 p.p.
Reviewing 2022, the top 3 most used cryptocurrencies are:
- Bitcoin – 72.7%
- Ethereum – 13.6%
- Litecoin – 5.5%
The detailed breakdown, including DOG, USDT, and BCH, is available in the report.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “As opposed to 2021, which was rewarding for digital currencies and NFTs, 2022 has not brought similar results. We are optimistic about 2023 and confident that players won’t stop choosing crypto because of its transaction speed, anonymity, and decentralised nature. Despite all digital coin fluctuations, crypto has already gained a significant share among players and operators and has become an integral part of the market. For this reason, SOFTSWISS is continuing to strengthen its partners’ projects, whether fiat or crypto, with new innovative tools and solutions, providing operators with security, reliability and top-level service.”
About SOFTSWISS
SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,500+ employees, is based in Malta, Poland, Georgia, and Belarus. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.
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Arman Movsesyan
Kerma Games Announces New Partnership with Dustbit
Kerma Games, a premium casino game provider, has announced a new partnership with Dustbit, marking its official expansion into the crypto casino space.
Through the collaboration, Dustbit will become the first crypto casino to feature the Kerma Games portfolio during an initial rollout period, giving its players early access to a selection of the studio’s premium content, including the newly released Snoop Olympus.
Inspired by the world of Snoop Dogg, Snoop Olympus combines iconic mythology with unmistakable West Coast style, showcasing Kerma Games’ vision of creating casino experiences that blend entertainment, cultural relevance and engaging gameplay.
The partnership represents another milestone in Kerma Games’ international growth strategy as the company continues to expand the reach of its portfolio across new markets and distribution channels.
Simone Bacchin, Sales Manager at Kerma Games, said: “We’re excited to partner with Dustbit as we bring Kerma Games into the crypto casino space. This collaboration allows a new audience to discover our entertainment-driven approach to game development, with standout titles like Snoop Olympus leading the way. We believe players are looking for experiences that feel memorable and culturally relevant, and that’s exactly what we aim to deliver.”
Arman Movsesyan, Casino Product Manager at Dustbit, said: “We are excited to welcome Kerma Games to Dustbit and to become the first crypto casino operator to offer their portfolio to our players. At Dustbit, we continuously seek innovative and engaging content that differentiates us from the competition, and Kerma Games perfectly aligns with that vision.
“Their unique approach to game development, combined with celebrity-driven entertainment and strong player engagement mechanics, brings a fresh experience to our community. We believe this partnership will not only enhance our gaming portfolio but also strengthen Dustbit’s position as a leading destination for crypto casino entertainment.
“We look forward to working closely with the Kerma Games team and delivering exciting new experiences to our players over the coming months.”
Beyond Snoop Olympus, Dustbit players will gain access to a growing portfolio of slots, crash games and table games developed with a focus on engagement, retention and premium production values. Kerma Games continues to differentiate itself through a combination of original content and globally recognised celebrity collaborations featuring names such as Snoop Dogg, Lil Baby and Sexyy Red.
The partnership also reinforces Kerma Games’ broader mission to redefine casino entertainment by creating games that capture attention long before the first spin and remain memorable long after the session ends.
As the company continues its global expansion, additional launches, partnerships and new celebrity-powered experiences are already in the pipeline.
The post Kerma Games Announces New Partnership with Dustbit appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.
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.
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