The developing story is that
Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy. FTX is one of the popular exchanges and i think gamblers might be using this exchange to transfer funds to gambling sites as that exchange had no tx fee. Do any of you uses FTX exchange to transfer funds to and from the gambling site?
Let's suppose you have funds on FTX, now that you are unable to withdraw, will you halt gambling for the time being and how will you survive this time?
It's going to have a little bit of an impact simply because it was one of the largest exchanges around. There was also an element of doubt created in every casual bitcoin purchaser who may have sold out in the last couple weeks after hearing the snowball effect that was causing the collapse of FTX. Then there are people who lost money outright and will be burned from buying cryptocurrency forever. It might turn certain groups of people away from ever buying crypto again - all potential gamblers who will stick with fiat in future. Any time bitcoin is crashing will also cause doubt in the wider market and may cause people to cash out before it falls any further, which can create a viscous spiral downwards.