How EOS, TRON and Ethereum Have Impacted the Gambling Industry

Published on by Cryptoslate | Published on

While reports on the impact of blockchain seem to focus mostly on cryptocurrencies, the technology is affecting industries across the board, with gambling being the one that benefits the most from secure ledgers.

While industries such as aviation and insurance have been at the forefront of blockchain adoption, the technology is expected to make the biggest impact on gambling.

In 2018, the online gambling industry is expected to surpass $50 billion, as cited on Inc.com.

A study by SuperData Research found that mobile gambling was up 75% year-over-year and that it now accounts for over 25% of all online gambling.

The sheer number of websites offering online gambling makes it harder for a gambler to verify the reliability of a site.

The EOS betting game player makes up 93 percent of the 6.2 million transactions on the platform, nearly the same as the number of transactions on Ethereum dApps recorded in Q3. The popularity of the platform can be attributed to its BFT-DPoS protocol, which enables a high TPS rate while maintaining costless transactions.

The stability of the platform also translates into real-world usage, with EOSBet, the most popular EOS dApp, becoming the first open-source casino to acquire an Online Gambling License from Curacao, which in itself is one of the world's oldest online gambling regulators.

While it's still unclear whether demand drives the development of certain types of games-or vice versa, it seems that dice games are leading the way when it comes to blockchain gambling.

Another one of Tron's high performers is Trondice, a simple dice betting game that's exceeded 200 million TRX in winnings back in November 2018.The Industry Still Has a Long Way to Go. While all data points to incredible year-on-year gains for most betting dApps, mainstream adoption in the gambling industry is still a long way off.

From a platform point of view, the adoption of blockchain technology in the gambling industry leads to the development of native platform tokens that can be used to pay for services within the dApp.

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