state of the market: bitcoin in gambling
TRANSCRIPT
Jon MatonisFounding DirectorBitcoin Foundation
State of the Market:Bitcoin in Gambling
Future Prediction
“Within 5 years, half of the top ten iGaming
operators will be bitcoin-only.”
Bitcoin Is Ideal Digital Casino Chip
▪ Immediacy
▪ Privacy
▪ Irreversibility
Disruption Comes From Your Blind Spot
▪ Bitcoin is the competitive wedge in
gambling (new unit of account)
▪ Legacy structures become bypassed and
new markets open up
▪ Disruption doesn’t come from within
(Uber, AirBnB, Expedia, Samsung)
Disruption Comes From Your Blind Spot
▪ Bitcoin payments and pay-outs are ideal
for unregulated markets
▪ Provably fair cryptographic techniques
replace dependency on eCOGRA
▪ No bank accounts required
Evolution of Bitcoin Gaming (2010-15)
1. Rewards based MMORPG
2. Early wagering precursors
3. Professional content and bookmaking
4. Blended operations (future?)
Bitcoin Statistics in iGaming
▪ In past 24 hours, $15.3 million was
wagered over 27.1 million bitcoin bets
-@TheBitcoinStrip (14-Mar-2015)
▪ Over 40% of bitcoin transaction volume
today is related to payments for online
gaming
Bitcoin Statistics in iGaming
▪ There are currently over 150 bitcoin-only
gaming operators worldwide
▪ Bitcoin gaming operators lead the web
advertising market with 50%+ ads
▪ 100% of countries can be reached via the
bitcoin payment option
Connect With Me On Twitter
@jonmatonis