Crypto Betting Platforms basically fall under two categories :
1. Centralized Crypto Betting - like Stake.com, BC.Game etc. globalize betting but pose risk in withdrawals and control of funds by the user.
2. Decentralized Crypto Betting - like Polymarket, DexWin etc. both globalize betting and let users control their funds with smart contract regulated operations.
FIAT Betting platforms have long struggled with large dependency on payment solutions, trading solutions etc - which just makes the business expensive to expand - destroying the market for multiple sports betting tech organizations who have monopolized the industry.
What do you prefer in 2025?
It seems to depend on each country. In my country, more and more new gambling platforms are emerging, and all of them are still operating well. This means that fiat gambling is also growing in a country with a strong interest in fiat casinos. And honestly, I prefer crypto casinos for privacy reasons. Although most currently require KYC, I'm already comfortable with crypto casinos. Another reason is that using crypto sometimes offers other benefits, such as when using altcoins, we also benefit when their prices increase. So when we win at gambling, we're like getting an additional profit from the increase in the price of that particular crypto.