The Biggest Crypto Gambling Trends for 2024

Posted by Harry Kane on Tuesday, May 17, 2022

Cryptocurrency and online gambling both represent high growth markets in 2024, while they’re highly technical in nature and exist entirely in the virtual world. Given their size, scope and similarities, it should also come as no surprise that the boundaries between these two markets have blurred in recent times.

Certainly, crypto gambling is set to become increasingly popular and commonplace through 2024, particularly across first and second generation blockchains like Bitcoin (BTC) and Ethereum (ETH). In many ways, crypto has ushered in the third generation of casino gambling, and one that has almost endless potential for growth in the future.

But what are the key crypto betting and casino trends to look out for in 2024? We’ll answer this question below, while looking at how the crypto wagering could change the iGaming market going forward.

#1. The Rise of Original and Demonstrably Fair Games

The notion of fair crypto gambling and the elimination of the so-called “house edge” has been an obsession for blockchain enthusiasts over the years, particularly as the underlying technology has the capacity to verify games independently and objectively with complete transparency. This obsession is growing more pronounced in the age of third generation blockchains, which enable crypto gamblers to create their own range of fair and immersive games.

You can already find original crypto games such as Plinko and dice iterations online, for example, with the majority of market leading blockchain casinos now employing specialist software developers game libraries that are proprietary and unique to them. These include crypto slots and roulette iterations, alongside ladder and two games and video poker titles.

Through fair verification processes, such games can help to minimise the house edge while ensuring that players can wager freely and with genuine peace of mind. Similarly, blockchain sites use optimal encryption standards to safeguard winnings, while processing transactions without any third-party control or manipulation.

#2. Creating Larger and More Interactive Crypto Communities

Crypto casinos are considered to be of huge strategic performance in the world of blockchain and cryptocurrency, thanks largely to their ability to unite users around a shared pastime and build a stronger sense of community within the space. Such a community doesn’t exist in the current

iGaming space at present, as players are incentivised by welcome offers and connect largely through online forums.

With crypto gambling, people are able to connect through blockchain technology, enabling unique opportunities for interaction through community chats, quizzes and even Q&As. Over time, this type of engaged and interactive community can help newbies and allow individuals to share tips and advice, while also driving increased participation across a broad range of demographics.

To help foster and build a strong sense of community, blockchains will leverage their significant social media presences, while creating dedicated fan pages and hosting relevant live streaming events. From a player’s perspective, crypto casinos (and technologies such as augmented reality) will make it much easier to celebrate big wins in your own unique way, while allowing for the constant exchange of knowledge and insight.

#3. Bonus Buy Slots and Competitive Tournaments

So-called “bonus buy” slots became all the rage in 2022, and this trend is likely to continue at pace this year. In the crypto space, the popularity of bonus buy slots has increased markedly and at the expense of classic online slots, with titles like ‘Money Train 3’ (by Relax Gaming) and ‘Big Bass Bonanza Keeping It Reel’ (by Pragmatic Play’s Reel Kingdom).

Bonus buy slots are advanced online slot titles through which you can pay a premium in exchange for immediate access to the game’s primary bonus rounds and features. This simultaneously unlocks a slot’s best and most expansive gameplay while also triggering its biggest prizes, which is ideal for high rollers and players who want to enjoy an optimal experience when wagering online.

Increasingly, this type of slot is also enabling players to select the exact type of bonus that they want to buy into. This affords players greater control over their experience at a particular cryptocurrency casino, which is another huge trend in an age of artificial intelligence (AI) and augmented reality (AR).

Competitive slot tournaments and leaderboards are also becoming increasingly popular in the crypto realm, with this type of gameplay virtually non-existent at traditional online casinos. Through this type of vertical, players can compete directly against one another for huge cash prizes in some instances, adding a new and thrilling dimension to slot gaming in the UK.

#4. Increased Live Player Casino Offers

In an age where crypto casinos are underpinned by burgeoning communities and more creative bonus and gameplay features, there’s also the opportunity for brands to offer bespoke live casino bonuses to players in real-time. Even now, online casinos are using AI software to scan their players’ data and analyse real-time actions, allowing them to build more comprehensive profiles and understand precisely what makes them tick.

By also understanding the type of games that they prefer and precisely how much they wager within specific timeframes, crypto casino operators can create customised bonuses that offer genuine incentives with optimal appeal. The exact level of detail available to casinos will determine the full nature of these bespoke bonuses, including the associated wagering requirements and game weighting contributions.

Such offers will also become more accessible in 2024, especially as crypto operators continue to bypass exchanges and enable their players to purchase tokens directly through their site. This simplifies the online deposit process while introducing crypto wagering towards a larger number of players, whether you credit your account using debit card, Apple or Google Pay or your choice of e-wallet.

The combination of these features will increase the participation rates at crypto casinos and make welcome bonuses considerably more appealing. They’ll also become more accessible and widely available, which will benefits both players and crypto casino operators in the marketplace.