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Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview

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In March 2024, Bitcoin soared to a historical high, nearing 70,000 euro per coin. How does this impact the iGaming market? Being a tech company with over 15 years of experience and an innovator in crypto iGaming software development, SOFTSWISS shares anticipations in its quarterly crypto analysis.

Over 220 brands powered by the company engaged in crypto transactions during the first quarter of 2024, which is 12% higher than the previous quarter. SOFTSWISS experts analyse the data gathered from crypto-friendly brands by employing extrapolation, comparative, and correlative analysis.

 

iGaming Market Overview: Unveiling Anticipated Growth

The size of the global online gambling and sports betting industry is expected to rise significantly and exceed 170 billion euro by 2032, according to Statista. Based on SOFTSWISS data, the iGaming market has demonstrated a stable pattern of growth year after year.

In absolute terms in euro, the Total Bet Sum grew by 5.8% in the first quarter of the year compared to the last quarter of 2023. Analysing the year-on-year increase, comparing Q1’24 with Q1’23, the growth is more impressive, showcasing a 47.2% boost.

Simultaneously, the Total Bet Count, both fiat and crypto, displayed a slightly larger gain in the first quarter of 2024 compared to the previous quarter, surpassing 6.1%. The indicator’s year-on-year boost is much more notable, revealing a 57.2% increase.

The popularity of iGaming in recent years has been fuelled by its global reach and accessibility due to constant technological advancements. On one hand, the quality of internet connectivity continues to rise, while on the other, new payment methods are emerging, simplifying payment procedures.

The in-depth quarterly analysis, ongoing since the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q1’24, the Fiat Bet Sum increased by 6.9% compared to Q4’23, while the rise of Crypto Bet Sum was at 2.4%.

 

The more active growth of fiat bets led to a slight decrease in the share of crypto. In the first quarter of 2024, the crypto share in the Total Bets Sum settled at 24.4%, decreasing by 0.8 percentage points (p.p) compared to the last quarter of 2023.

 

What is the State of Crypto in iGaming?

Analysing crypto bets, it is crucial to highlight that almost 93% of them are facilitated through the in-game currency conversion tool, which is gaining traction. This mechanism allows operators to engage players with cryptocurrency assets in games initially tailored for fiat only. Operators that adopt such options are gaining more competitive advantages in the market.

While the Q1’2024 Crypto Bet Sum shows a moderate 2.4% growth compared to the previous quarter, the year-on-year analysis demonstrates a 20.8% increase. The Crypto Bet Count remained unchanged in Q1’24 compared to the previous quarter’s indicator. Simultaneously, the metric increased by 21.3% year-on-year. The figures speak volumes, showcasing a consistent interest among players in crypto gaming.

“The lack of a substantial increase in the number of crypto bets during Q1’24 can be partly attributed to the significant rise of the Bitcoin exchange rate during this period, leading players to be more cautious with their crypto bets.  This trend mirrors the situation in the first quarter of the previous year when the Bitcoin exchange rate surged following a decline at the end of 2022,” comments Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

 

What Distinguishes the Average Crypto Bet?

The average crypto bet increased to 1.71 euro in the first quarter of the year from 1.66 euro in the last quarter of 2023. This growth correlates with a significant strengthening of the Bitcoin rate during the first quarter of 2024.

The average fiat bet remained steady at around 0.81 euro in Q1’24 and Q4’23. The average total bet stayed constant since the second half of the previous year and is equal to 0.93 euro.

 

Notably, the average crypto bet is double that of fiat. This indicates that digital currencies are preferred by higher-income players.


Why Did Bitcoin’s Share Drop?

The Top Five most operated digital coins in iGaming have remained stable during the last two years with minor changes in ranking order. The top still includes Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.

 

In Q1 2024, Bitcoin experienced a significant decline of 9.4 p.p. compared to Q4 2023. This could be attributed to the bolstering Bitcoin exchange rate and players exercising a more cautious approach towards it.

In contrast, the shares of other digital coins have increased. Ethereum and Litecoin showed growth of 4.0 p.p. and 3.8 p.p., respectively, during the same period. Simultaneously, Dogecoin rose to fourth place in the ranking, leaving Tether behind.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The benefits of employing digital currencies, such as fast transactions and anonymity, still attract many players. Embracing cryptocurrencies in iGaming can boost operator profits despite their volatile nature.

As the Bitcoin rate is expected to strengthen after the Bitcoin Halving, the average crypto bet and projected gains may see a notable impact. During such promising times, it is crucial to have reliable and experienced partners to navigate the path to success.”

 

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. 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.

 

 

The post Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview appeared first on European Gaming Industry News.

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ABcripto announces Diego Perez as VP and strengthens bridge with fintechs

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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.

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Media Troopers spotlights prediction market push at Bitcoin 2026 in Las Vegas

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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.

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Bitcoin

BTCGOSU Celebrates 5 Years of Bitcoin Casino Guidance With High Value Giveaways Amid Trump-Era Cryptocurrency Market Volatility

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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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