5 Technologies Every iGaming Operator Needs

1

Ethereum

On-chain wagering refers to wagers that occur over a blockchain, such as Ethereum or Avalanche. On-chain wagers provide the ultimate peace of mind to bettors since they are executed via smart contracts. Through the use of smart contracts, bettors are ensured that the operator is liquid and capable of paying out wagers. This means that bettors do not need to worry about the operator not paying out on a jackpot win. Since these wagers take place on a blockchain, the bettor is also issued a public receipt that is immutable and permanent, meaning that the operator cannot simply pretend to have not accepted the wager. When combined with Provably Fair technology, online casinos and sportsbooks are able to provide bettors an experience where the bettor does not have to have any trust in the operator to know that they are playing a fair game and will be paid out.

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2

CoinMarketCap

At the very minimum, iGaming operators should ensure that their platform is capable of utilizing cryptocurrency as a payment rail. Many operators now accept Bitcoin deposits, however fewer offer Bitcoin withdrawals. Even fewer betting technology providers allow operators accept cryptocurrencies outside of Bitcoin. The cryptocurrency market as a whole has a market cap of nearly $2 trillion dollars, with Bitcoin making up roughly 40% of the entire market.

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