Hello guys, as an attempt to protect new or old users on this forum , I think its mandatory for gambling sites to show proof of money they are holding in reserves . Unless casinos converts all deposits to a stablecoin , excluding UST hahahah , from year to date most of them should be running on a loss as most utilized crypto coins are down by atleast 65% and that includes Bitcoin .
There will be more and more accusations created to existing and also new casinos.
Goodluck,Be safe and smart out there!!
Many old and trusted casinos already have the option that shows the max bet when we try to bet a huge amount. This determines that the casino wont go bankrupt when people bet high. So yes if you are playing in a good and reputed casino, then definitely they gonna warn you before you suck their balance. I dont know about these newly launched casinos. But yes old casinos like Stake and Bitsler they do have these options to see the max bet you can make. Hope this clears your worries OP.
Exactly, and to add, a casino like stake, from my own personal assumptions can never go bankrupt, (or let me put it in a better way, because I know that in this space, anything is possible) it will be very difficult for a casino like stake.com to go bankrupt due to a user winning a huge amount.
This is because the casino itself is already very big and one of the most reputable out there, and also the measures they have put in place will ensure that a user winning will never cause them to go bankrupt, if a casino like stake ever goes bankrupt, then know that it's not due to user's winnings, but some other problems internally or externally.
So if anyone fears that the casino might not be able to pay their winning if they won big, then just avoid smaller casinos and stick with the big reputable ones.
As long as you're playing with reputable and big casinos with high trust rates, you shouldn't fear that they will experience bankruptcy during the crash. I'm sure that they already know how to deal with every market situation so it isn't a big challenge for them anymore. The possibility of bankruptcy is bigger with small-time casinos with not much experience dealing with the bearish season.