• Taking Cryptocurrencies and Blockchain Technology to New Heights in Online Gambling

  • Since the first internet-based gambling sites went live in the mid-1990s, the gambling industry has established itself as one of the few industries that consistently embraces innovative technology in order to meet the ever-changing consumer demands. As a result, it should come as no surprise that online gambling companies are rapidly adopting blockchain and cryptocurrencies.

    The gambling industry has grown from humble beginnings to become a multibillion-dollar industry. According to Grandview Research Inc. market data, the online gambling market is expected to grow at a compound annual growth rate (CAGR) of 11.5 percent from 2020 to 2027, reaching $127.3 billion by 2027.

    Online Gambling Platforms Extend Their Reach

    The introduction of blockchain technology and the rise of bitcoin casinos have played critical roles in the online gambling industry’s meteoric growth. The industry has become more open and accessible as more and more gambling sites accept cryptocurrency deposits.

    Unlike traditional casinos that accept fiat currencies, bitcoin gambling allows players and casinos to conduct real-time transactions without the use of intermediaries or third-party payment services. Furthermore, the underlying blockchain technology ensures transparency, privacy, and security at a fraction of the cost of fiat-based systems.

    Because cryptocurrencies are globally accepted, interested players can easily participate in online wagering without regard to geography. For a long time, stringent regulatory policies prevented players from entering the online gambling world in certain countries. However, because bitcoin casinos are decentralized and operate globally, it is becoming increasingly simple for anyone in the world to quickly register and try their luck.

    Furthermore, as a result of the COVID-19 pandemic, online gambling platforms saw an increase in new users, primarily as a result of financial, social, and psychological crises. As the number of blockchain-based gambling platforms grows, platforms are diversifying the online gambling arena by introducing new options such as sports betting, online slots, card games, and more. This diversification is also a major factor in the large influx of new users into the online gambling ecosystem.

    With New Features, Online Gambling is Transforming

    FortuneJack, a bitcoin casino with a wide range of games and sports betting, is owned by Nexus Group Enterprises Casinos and stands out as the creation of visionaries who recognized the immense potential of blockchain technology when it was still in its infancy.

    FortuneJack, developed and maintained by top software professionals, provides one of the most innovative and secure online gaming experiences on the market. With a friendly user interface and the underlying security, transparency, and anonymity of the Bitcoin network, the platform is designed to meet the needs of both newcomers and experienced players.

    Unlike other bitcoin casinos, FortuneJack has dozens of games to choose from, including slots, table games, sports betting, dice, video poker, and games that can be proven to be fair. Furthermore, the platform has added a sportsbook feature, allowing players to bet on 24 different sports, with markets varying in size and quality based on the popularity of the sport.

    Another exciting feature of the FortuneJack Casino sportsbook is its Premier League competition, Majestic 7, which is open to all FortuneJack Casino customers. Participants must select the goal scorers for each match during the current week to win up to 1 BTC in sports bets if they can guess all seven scorers in a week.

    FortuneJack also has a live betting section with a huge selection of in-play markets, as well as Matchmaker, a unique sportsbook feature that allows players to match up pairs of teams playing in separate fixtures. The FortuneJack platform is the first to offer the Matchmaker feature, which allows players to combine two teams from unrelated games and pit them against each other in a sports bet.

    The platform also ensures fairness and security through the use of provably fair games. FortuneJack, which is built on blockchain technology, implements provably fair games to revolutionize online gambling for participants in ways that were not previously possible, such as fair play, accountability, anti-cheating, immediate payouts, and public ledgers.

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