How big is the scale of the problem? A recent study by Berlin-based Transparency International showed that in Asia alone, the illegal gambling market was calculated to be generating revenues of around $400 billion in 2018.
Cryptocurrency
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Oscar Brodkin, the director of intelligence and investigation services at Sportradar said, “With key figures being imprisoned or disrupted and very high-profile cases being discussed in the media, match-fixing over the last five years has become much more fragmented.”
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Netentcasinos.com, an established site that reviews the best Bitcoin online casinos, says crypto is the future of the gambling industry. Netent Casinos cites crypto’s anonymity, decentralization and corruption-free nature as a significant reason why the iGaming industry will continue to accept crypto for payments.
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Online casinos can be banned and geo-restricted, as often occurs at national level. Dapps, while not the censorship-resistant paradise their proponents would have them, are a lot harder to block.
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The birth of Libra doesn’t come off as a surprise to many tech enthusiasts that have quite followed the agile steps of Facebook’s founder Mark Zuckerberg as he continues to grow his tech empire. If there is a dream Mr. Zuckerberg has always had, it is going into financial payments & tapping on the billions of users of his platforms(Facebook & Whatsapp) to enable them to send, receive cash and pay for goods and services.
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Despite Japan’s reputation for being one of the most welcoming nations for fintech, online crypto gambling has struggled to take off in light of the country’s strict regulation.
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Lottocoin.com Ethereum Lottery Public Release It is 2018, and we stand on the cusp of a technological revolution. Earlier last year, we have seen the…