2024 Crypto Gambling Future Predictions
There is no future of crypto gambling because the future of crypto gambling is already here. Online crypto gambling organizations like NitroBetting, the world’s first bitcoin only crypto gambling site, are paving the way for the crypto gambling revolution to increase in power and to continue to flourish. But the revolution is already here. Keep reading for what is likely to happen in 2024.
Predictions and Trends for Crypto Gambling in 2024
1. A crypto gambling fork will emerge
In the crypto world, a fork happens when some users of a specific blockchain, some community members, disagree with other members of the community. What happens is those who disagree fork a crypto, creating a second currency.
This happened to Ethereum in 2016 when the crypto went through a hard fork, which means certain nodes (computers) on the network disagreed with Vatalik Buterin’s plans to turn Ethereum into a proof of stake instead of proof of work protocol.
A fork in the crypto gambling industry will occur in 2024 where players have to decide if they wish continue to play with a decentralized organization like Nitrobetting or a centralized organization like most online sports betting companies.
Although a sportsbook may accept bitcoin, it doesn’t mean it is decentralized. For example, American based U.S. sportsbooks require you to give them your social security number, which goes against Satoshi’s entire concept of Bitcoin as being decentralized and anonymous when he created the blockchain in February 2009.
Players will have to make a choice. Do they wish to be a part of the truly decentralized gambling world? Or do they wish to remain part of a centralized gambling world that accepts crypto currency as a means of payment?
2. Individual sovereignty will become a buzzword among crypto gamblers
For many gamblers, the predicted crypto gambling hard fork will result in running to online sportsbooks and casinos like NitroBetting, which require an email address to open an account and which are truly decentralized.
Another way to describe this is to use the words individual sovereignty. Crypto natives, true crypto believers, have a deep rooted sense of personal freedom and personal responsibility – – they believe they are the caretakers of their world.
Sports bettors, casino players, gamblers of all persuasion, share the same belief of personal freedom, especially when it comes to their finances. The words individual sovereignty will become a buzzword for those players who choose truly decentralized gambling.
3. Low house edges will drive players to the decentralized road on the fork
Because crypto casinos and sportsbooks have lower overhead costs, they can provide a lower house edge or more favorable sports betting lines.
This is a huge advantage to the player that decides to step onto the decentralized road of the hard crypto gambling fork.
4. Lower house edges and more favorable sports betting lines will lead to more RTP
Returns to player (RTP) will be as significant of a buzzword in crypto gambling as individual sovereignty. It should be more of a buzzword because RTP is something all players understand.
Crypto only gambling organizations like NitroBetting can return more to their players. That alone will push crypto gambling further than anyone ever thought possible.
The crypto gambling revolution is already here. In 2024, sports bettors and casino players will decide if they wish to be a part of the true decentralized blockchain gambling community, or if they wish continue to participate in centralized gambling. Our prediction is that most sports handicappers and casino players will choose the decentralized road.
Where to Bet with Bitcoin
Sports betting odds are available here at Nitrobetting. Create a Nitrobetting account now to place your stakes on any of the top games every week.
This is just one of the many sports betting guides that you can read here at Nitrobetting news. Stay tuned for more previews, guides and articles.
READ MORE: How Bitcoin is Changing the Sports Betting Future
