Gambling on blockchain is going to be one of the big winners in the years to come. They offer regulatory protection and a fair environment (VRF; ZK) to its players which will result in a migration of business to web3.
Lets analyze the early movers in GambleFi.
We are essentially trying to look for winners who have the growth metrics, operational expertise to onboard web2 gamblers and are relatively undervalued by the market. We are sharing a couple of projects and shared snaps of all the GambleFi projects that are in our tracker.
Casino, sport betting, futures, NFT marketplace under one roof; fiat on-ramp. UI/UX is great. 1 million registered users, $20 million wagered per day, >$3B wagered overall. Games are centralized.
MC: 95M; FDV: 145M
Offers a lot of casino games to play. Shares platform revenue with $BFG stakers. Mining program going on; traders get BFG tokens on playing games. Uses provably fair principle on SHA256 technology to ensure fairness.
Kineko is an online bookmaker with gambling licenses and DeFi integration that allows you to play casino and sports betting. Owning $KKO token gives you access to revenue share and governance rights, Did 12.6M volumes, 52k in profits in Feb.
MC: 16M, FDV: 40M
Crypto gambling platform that offers anonymous and a fair play to its users. Multichain casino experience with a very neat UI/UX. MC: 2.3M, FDV: 4.4M$BETS gives you bonuses, buy NFTs, earn BetSwirl's profits by
Azuro is a decentralized betting protocol that solves for the backend, liquidity challenges for building betting platforms ($SNX for betting). Frontends on Azuro: http://bookmaker.XYZ, Magma and other dapps. Raised $4M and they are set to launch their token
http://RISKY.LOL is a trustless player-owned casino platform centered on Arbitrum One; intends to expand to all chains as the de-facto DeFi house standard.
FDV: 2.6M; v2 on the horizon.
Complete betting platform. Users can wager and enjoy over 2,000 casino games and sports betting. $ROUL holder get staking, NFT, and airdrops. Really nice UI on the gambling page plus a wide variety of casino and sports betting options. $1M volume in Feb.
Decentralized casino that's fully on-chain, self-custodial, with a provably fair & highly competitive house edge. Betting is facilitated by LP that receives losses and pay out wins. $ARC uses GMX and Curve tokenomics.
FDV: 19M; https://arcadeum.io/stats/
Decentralized Casino with Sports betting launch in some time. $$PPBET holders get 50% of profits. 1st month's total volume around $800k; net profit around $70K.
A decentralised, crypto betting platform and blockchain casino that offers fair outcomes verified by VRFs, decentralized multichain experience. 18M volume in 1.5 months. DAO and token announced. May
Neat UI/UX and built by the
Interesting new casino projects on my tracker and set to go live:
- raising 3M against 30M FDV on Arbitrum.
- launch details in some time.
- devs are silent after v1; can provide more commentary after seeing new work