Perhaps the single largest improvement that GAMBL can make to the online gambling industry is in the area of payment processing. Currently it is very inefficient, costly for operators, a big hassle for users, and full of serious potential security issues. Our previous article highlighted some of the most recent issues in both the regulated […]
It’s the story that just keeps going and getting more absurd at each turn. A poker player notices $10,000 missing, posts about it, and many other poker players begin to chime in with similar stories which all occurred within the span of a few months. Within the next few weeks, sports betting accounts across many […]
SiGMA is the world’s largest hub for the iGaming industry. They cover practically all aspects of the industry for both land-based and online. Perhaps most interesting for GAMBL though is that they have taken a keen interest in blockchain and other emerging technologies. This interest has been further cemented with their creation of AIBC in […]
Practically everyone has noticed the recent rise in prices, and inflation is a phenomenon that the crypto world is especially sensitive to. After all, Bitcoin was created at least partly in response to unfair and inefficient monetary policies. The current financial climate is quite unfavorable, to say the least. But poor conditions and global crises […]
This is perhaps the single most common question that people have when they first hear of GAMBL, and it’s deceptively simple. The average bettor is generally asking more along the lines of why is it even needed when we already have sites like DraftKings and FanDuel? While on the other hand we have the crypto […]
As we’ve touched on in previous posts, it is imperative for operators to use the right set of tools. Especially when the online gaming industry has transformed so quickly in recent years and is showing no sign of slowing down. The next big transition is very likely to be towards crypto-based solutions, and those who […]
To begin simply, oracles allow blockchains to access data located off-chain. In the case of sports betting, this would be critical data such as line changes and event results. Also the range and amount of data generated during sporting events is rapidly growing so next-gen oracles will certainly be expected to keep up. Players and […]
Using the network to guarantee liquidity for bets is one of the most cost-efficient aspects of GAMBL. Providing liquidity through other means would add large unnecessary costs in the form of lower rewards to nodes, less coins burned, and/or higher fee margins for bettors. Using these other means could also introduce scaling issues if the […]
To start, it would probably be best to go back to section 6.6 of the GAMBL whitepaper and pick up from there. It states that “the first deflationary aspect of GAMBL is the destruction of betting and gaming fees, which reduces the total supply of GAMBL. The second deflationary aspect is the blockchain’s automatic liquidity […]
The gaming industry is currently in the middle of a vast expansion on the regulated side as more and more states pass legislation allowing it. One would think that this would result in more companies tackling the problems that have plagued the industry. Instead we’re seeing the opposite take place as companies merge in order […]
