Transformation of online Gambling
There are different types of online gambling. You can wager something of value like money on a particular outcome of an event or you can participate in online betting. You can also participate in online gaming such as casinos or poker. People can even play traditional gambling games on the internet such as blackjack. The largest share of the gambling market is taken by sports betting and casino games.
Companies have grown and made large profits from online gambling. Those who have been lucky in gambling have also walked away with large amounts of money. Those who lose never give up. They keep on trying hoping to get their fortune from online gambling. Once you start gambling, it is hard to stop it because it is addictive and that is why many companies are investing in it. The market volume has doubled in the past one year and still more people join online gambling on a daily basis.
Companies have made large volumes of money from online gambling. In 2015, Bet265 managed to get 1.5 billion dollars GBP revenue. Innovators have also seen a fortune in online gambling and Dreamplay is here with the blockchain technology to improve the old way of gambling. I don’t know where this will take us but what I am sure of is that the blockchain technology will bring greener pastures to the table and improve the whole gambling experience.
What is new with the blockchain technology?
Most people have not been happy with the traditional way of gambling. Governments have come in and caused great interference. Some governments have taxed gambling companies a lot of money. There have been inspection and censorship from governments and this has really affected the gambling industry. People only recognize this unfairness after the damage has already been done. You can spend a lot of time and money in courts but the fact remains that it is very hard to collect enough evidence and win a case against a government because in most cases governments are the ones setting the rules for us and not the other way round.
Dreamplay is going to introduce the blockchain technology in the gambling industry and make things simpler. This will solve all the trust issues that exist between different players in online gambling. Once something has been recorded on the blockchain, it cannot be erased. Evidence will remain without being destroyed. Players can be able to verify the fairness of games before they start to play. Games will be deployed on the ethereum chain using smart contracts. This will create a revolutionary change in online gambling. There will be fairness and transparency for all players and this will attract more players.
There have been instances where people have been cheated with illegal online gambling sites. Such sites vanish with millions of money without a trace. Currently, payment methods for online gamblers are slow and this has been a great concern but with the blockchain technology, payment will be instant. You will not have to wait for days to receive your payment. Thanks to Dreamplay.
Official website: https://dreamplay.io/
Bounty Telegram group: https://t.me/dreamplaybounty
Unique number: DREAMPLAY.IO#041