I'm assuming everyone here already knows how volatile crypto markets are and how much of a risk it is to trade there. I'm not going to delve deep on that topic because I consider it a given already. However I'm getting a sense that in spite of the great demand to make risky trades on crypto, casinos tend to ignore it too much.
I remember a few years ago binary options on BTC/USD were quite popular.
These days billions of USD are put towards leveraged futures, and now with markets opening futures and options on Bitcoin ETFs, institutional investors will also have access to very risky positions on BTC right from their broker.
However, these markets have several restrictions. On most brokers you can't get margined leverage above 5x and/or many territories don't even allow for brokers to offer options to the general public. Let alone the fact that people from many countries aren't even allowed to sign up to crypto exchanges because of arbitrary reasons like for example Israel pressuring Binance to close the accounts of people just for being Arab.
Anyway, I think more casinos should follow the path of what Rollbit has been doing with its virtual futures and offer gambling services based on the BTC price. There could be several advantages. No KYC, no regulatory restrictions as imposed on traditional markers, unlimited leverage... You name it.
Maybe even there could be some algorithmic memecoin releases. Maybe you're one of the lucky ones that get 10x or one of the unlucky ones that get rugged.
Would you gamble on casino games that are based around the real fluctuations of BTC's price?
In my opinion, there is no point in organizing casinos that in any way have mechanisms based on the movement of cryptocurrencies. Because the exchanges already provide a wide range of instruments, including leverage as you said. There are futures and many other things that even few people know all these instruments. And alcohol trading itself is still a gambling activity. Therefore, I believe that casinos should remain a place with bright games, and exchanges are a serious activity, which in general is not correct to compare with gambling. Trading is not addictive at all, and has a low percentage of luck.