ONLINE GAMBLING AND BETTING MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Emergence of cryptocurrencies

The introduction and growing adoption of cryptocurrencies over the past decade has given a huge boost to the Online Gambling And Betting Market. With the anonymity and borderless nature of digital currencies, operators have found it easier to tap into new global markets without having to deal with complexities of traditional payment systems and local regulations. Cryptocurrencies like Bitcoin opened up new opportunities for operators to offer services in restrictive jurisdictions where gambling is illegal. Even for users in regulated markets, crypto payments provided a sense of added privacy and security that drew many of them to switch to such emerging payment options. Crypto also allowed seamless micro-transactions for betting on single events or games without the hassles of cashing in and out of traditional accounts. Various gambling platforms began accepting major cryptocurrencies, and some even launched their own branded digital tokens. This integration of blockchain technology played a pivotal role in reinvigorating the industry and revolutionizing experience for both operators and players worldwide. Crypto adoption has seen a steady rise creating a viable revenue stream apart from regular fiat currencies. Its popularity and liquidity have validated its credentials as a mainstream payment mode for online gambling moving forward.