Quote from: South Park on May 05, 2024, 04:51:33 PM

Quote from: Kemarit on May 02, 2024, 10:00:36 PM

Quote from: Forsyth Jones on April 28, 2024, 04:59:59 PM

Do they make more profit than digital banks, CEX exchanges, etc.?

It could be, gambling whether online or offline, is already a billion dollar business.

You just have to look at this forum and see that there are casinos born maybe every month as a business to at least get a piece of that big pie, just a slice and it will be more than enough to make money.

As compare to let's say a crypto exchange, there could be traders around, but it takes skills and technical know how just to make a decent money. Unlike in gambling wherein, some individual from Asia to Africa started to create an account to a online casino and then deposit crypto and starts to play, easy like that and then you have one customer, one potential customer that can get addicted.

While casinos can without a doubt reach a larger audience, as anyone can understand the rules of their preferred games in a matter of minutes, at the same time I think the money that goes into exchanges is many times higher, and this is because most gamblers are indeed responsible, so they only bet a small amount of their income, however traders use a great part of their wealth when trading, so even if there are less people using exchanges, they bring way more money with them.

Well I think both field has the good benefit in terms of profit, especially now, many people are being interested and being influenced in online gambling, so that I think thats the reason why there are many new online casino are being add up because they can see the opportunity and the trend but of course the profit will be based on how will the online casino to be advertised and if they can satify the customers, meanwhile in exchange right now airdrops or tokens are being popular especially those exchange that is raising a project or testnet where new users could have a chance to get an airdrop by the exchange so that they could earn, with that marketing strategy right now I think exchanges will also have a good profit from it, thats what I have observed for a few weeks so I think both could be a good investment but of course always remember the risk.