Quote from: alani123 on December 03, 2024, 10:46:52 PM

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?

I don`t think that it would be a good decision. BTC in the casino is just a type of money, like USD. Using it in games like an instrument of the game - is strange enough as for me. It looks like trading and in casino i don`t want to trade, even if i use BTC as money. Cryptocurrency exchanges has their specific instruments for trading, they analyze the price every second. Common casino can`t give all opportunities of the exchange to the gambler. As the result it would be some disappointed gamblers, some problems with gamblers. Let`s use instruments for the purposes they were created for.