Crypto Casinos Dodge Restrictions, Rack Up Billions

Think crypto casinos would slow down just because governments try to block them? Think again. These mavericks generated over $81 billion last year, reveals new data.

You heard that right. Despite bans across the US, China, UK and EU, cryptos like Bitcoin have become gambling’s new best friend. How? Turns out there’s more than one way to sneak past the gatekeeper.

VPNs and sketchy social media deals are helping millions access sites on the sly. One platform called Stake even rivals giants like Entain and Flutter now, reporting a crazy 80% revenue jump since 2022. Of course, shady business brings trouble too. Stake lost $41 million to North Korean hackers in 2023.

So are regulators missing the boat here? Crypto casinos are clearly what the people want. Yet concerns around addiction and money laundering do carry weight. Maybe it’s time we bring these renegade cowboys into the fold, make them play by the rules. A little structure could go a long way.

But for now, the show goes on. As long as there’s a will to gamble, people will find a way. And by the looks of it, there’s plenty of will to go around. Even a global crackdown can’t stop crypto’s coming of age.