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$300M + of VC and investor money has flooded into offshore crypto casinos in the last 18 months all trying to build the next STAKE Dicey​.com - $157M MonkeyTilt​.com - $51M MyPrize​.com - $38M Bluff​.com - $21M BetHog​.com - $16M Winna​.com - $15M backed by Paradigm, Sequoia, Pantera, Polychain + more hundreds of millions flowing into offshore gambling platforms we broke down the deals, the economics, and what it actually means for the space does massive VC money change the player experience for better or worse?

@DougGambles i have never seen any casino mention the WR on a X giveaway post, kind of kills the excitement

@coinbetscom Did they say it was 10x wager or explain the rules in the giveaway post?

if you're a casino running $100 X giveaways with 10x wagering req and only letting people clear it on high variance games, that's predatory. you got the engagement, 100s of desperate players shared your post, your casino got the visibility. then you hand them a gift designed so most of them never see a cent. just pay them fairly. players notice, and it ends up hurting your casino more than helping why it's cooked: $100 at 10x is $1,000 in wagering, and they usually ban the low house edge games from counting, so you're forced onto high variance slots that chew through it fast. by the time you've run that $1,000 through, most of the $100 is gone, then the psychology kicks in, you're down, you chase, and it drags you to $0 in most cases. it's bait not a gift

35x on $100 is nearly guaranteed to be worth nothing for most players Lets say avg house edge is ~3% watch the $100 value as you work toward that $3,500 wr wagered $500 - ~$85 left wagered $1,000 - ~$70 left wagered $2,000 - ~$40 left wagered $3,000 - ~$10 left wagered $3,500 - ~$0

@coinbetscom I was overjoyed when I won $100, thinking I could buy a new phone, but that turned to disappointment when I realized the requirement was a 35x wagering turnover🥺

@Im_inoti @housebets @p0rchy not too sure, ive seen casinos do this either their own enforced rule usually claimed to do with ML concerns or could be a requirement from their licensing body

On July 4th, I have deposited 0.57 LTC to my @housebets @p0rchy account. Once I have noticed I'm losing my funds than I was trying to withdrawal my funds, in that time I noticed I can't withdrawal, than I contact with support team and they said I need to wager my all amu deposit 1x so that I can withdrawal my funds. My Question This is my own fund I deposited that why I need to wager 1x for unlock to withdrawal and I lost all my funds which I deposited by completing weathering. My question I deposited my own money than why I need 1x wager to withdraw the amount which I deposited?? @coinbetscom

lots of posts about @stake volume atm, heres another one CRASH has done $26 Billion in wagering, thats roughly $260m kept by the house from 1 game goes to show even a 1% house edge makes enormous profit at this scale imagine what they make on slots at 3-6% house edge solid game breakdown. looks like the pf held up decently

what do you think this means? am I cooked?

a single rainbet account wagered $2.17b in 3 weeks. only about half got tracked. here's what that half showed: 99.98% of it ($982M of $983M) was on HACKSAW games -Le Fisherman: $706M (a slot that launched in feb) -Hot Ross: $141M -Wanted Dead or a Wild: $69M -Death Becomes You: $33M now here's the thing: -Hacksaw (HACK) is a publicly traded stock on nasdaq stockholm -Stake's founders own a piece of it, reportedly ~4%, and stake is hacksaws biggest customer (~20% of their revenue) -Hacksaw reports earnings july 21 so the people behind stake have real money riding on hacksaws numbers the catch: -no on-chain deposits anywhere to back a whale this size -17% win rate. a real player is down 10s of millions and here's where it gets interesting: -Rainbet just became the first official sponsor of kicks slots category. kick, the platform owned by stake's founders -Rainbet poached adin ross, stake's biggest streamer, for a reported $100M -and now a rainbet account runs a billion dollars almost entirely through the games of a public company stake's founders own a chunk of, right before earnings tinfoil hat or not? thx @sebviceversa for data

@sebviceversa Interesting was it only hacksaw games?

$2.17B wagered in 3 weeks on rainbet. up $30M one day. down $25M four days later. a $55M swing. stats on the player: - joined june 3rd, 40,201 bets - avg bet $52K, biggest bet $400K - 6,990 bets at $100K or more - win rate: 17.1% - favorite slot: Le Fisherman ($706M wagered on it alone) - second favorite: Hot Ross ($141M wagered) - biggest hit: $3M off a $100K bet (30x) - highest multiplier hit: 491x the swing in detail: - peak: +$30M on june 24th - worst single day: -$14M on june 27th - final P/L on what we tracked (half his bets): -$22M problem: we couldn't find any matching on-chain deposit volume. real whale or industry plant?

Here's a more cynical view. This is Stake profitmaxxing dressed up as pressure from providers Stake Engine games are starting to eat into the big slot providers volume. Those legacy slots run 94-96% RTP with Stake taking the majority cut, and Stake actually profits more on them than on their own trending 98% games. Their own product was undercutting their bottom line, and now they're correcting it. Run the numbers on Valkyrie ($2.9B wagered over the last 12 months): Stake Engine @ 98% RTP (2% house edge): · Total player losses: $58M · Developer takes 10% = $5.8M · Stake takes 90% = $52.2M Same games forced to 96.7% RTP (3.3% edge): · Total player losses: $95.7M · Developer (10%) = $9.6M · Stake (90%) = $86.1M · Stake's extra take: +$33.9M a year (+65%) Now compare to a legacy slot @ 95% RTP (same volume): · Total player losses: $145M · Stake keeps 90% = $130.5M · That's 2.5x more than their own 98% game earns them That's the whole motive. Their high RTP games were cannibalizing their margin. So in reality, Stake is the biggest winner by a mile: 1. They don't care where their cut comes from as long as the house edge is equivalent 2. The indie developers get screwed. Players are less likely to play their games without the RTP edge, so volume drops, but Stake keeps the higher edge either way 3. They gain leverage over third party providers to negotiate better terms And if more players move to Stake Engine games? They've made sure their own cut is just as fat This is a business move. They're likely about to start licensing Stake Engine games to other casinos and want the model maximised before they do What do you think?

@sourblock_ fair point on crypto out. RTP is still 88.4% in this example without the item pricing consideration which is awful for any form of gambling. The point is more the house edge is predatory and then secondary is if you're actually playing for the item its a double hit.

'True you can withdraw but how often does that happen' The majority of volume on case sites is crypto in, crypto out. Do you think people who deposit $100k withdraw a stockpile of Smart TVs? No the RTP doesn't become 50% because item prices aren't the same as on Amazon

@Zaikeel3 @PackDraw exactly and that's the point, they make redeeming items as unattractive as possible so you keep the balance and open another box, either way the 11.4% house edge already took its cut on every open most casino games run 1-5% this is 2-10x worse

@coinbetscom @PackDraw You don’t need to withdraw the item tho you could just get 12k worth of crypto 🤔

Mystery Boxes are WORSE than casino games We broke down @packdraw - $5,985 Cinema mystery box The Total RTP is 88.4% worse than most casino slots by a mile But it gets worse - they inflate the item values so the RTP drops another 10-50%+ LG 77" 8K OLED is listed at $12,495 on PackDraw - Walmart sells it for $4,597. that's a 172% markup Samsung 100" Mini LED listed at $3,000 - Amazon has it for $2,448 Values are inflated across the board the real RTP is closer to 50% And if you actually win? you pay shipping. you pay import duties. you pay customs It's not just packdraw, most other unboxing sites are doing the exact same thing Do you play on these sites did you know the odds are this bad?

@_Crawler0x @PackDraw true you can withdraw but how often does that actually happen? the balance sits there, one click away from another box. that's the design and whether you withdraw or open again the 11.6% house edge already hit you on every box you opened to get there

@coinbetscom @PackDraw You know u can just withdraw same amount to your wallet tho

@provablyfairorg How many casinos can realistically pass this? @provablyfairorg

Is a provably fair game actually fair? How would a player know? "Provably fair" has become a badge casinos award themselves. Almost every casino claims it. Almost none can prove it. Today we're launching ProvablyFair​.org Certification An independent open-source audit standard for casino built games. Here's why it exists: The casino builds the game. The casino builds the verifier. Then they tell you to use that verifier as proof the game is fair. Of course it matches. That only proves the casino is consistent with itself. It doesn't prove the game is fair. And the gap is real. Every one of these surfaced in the last 6 months. All marketed provably fair, all passing the casino's own verification: -Pay table quietly swapped to lower RTP, the verifier updated to match - A client seed accepted but never used. Decoration - Server seed rotated every bet, nonce stuck at zero, discarding unfavorable seeds - A committed hash swapped after the player locked their seed. Defeats commit-reveal entirely - A verifier running different code from the live game None of these were caught by the casinos own protocols, because a self-verification system can't catch a problem its own author built into both sides. And none of them are things a normal player can realistically detect. So here's how we built it. The method rests on one decision: we rebuild each game from its published rules, not the casino's code. Re-running a casino's own code only proves it's consistent with itself. Rebuilding it independently tests whether the live game does what the casino publicly claims. From that rebuild, for every game we: - Capture and recompute thousands of real bets independently - Run the entire provably fair chain, every cryptographic rule in order - Derive the true RTP from first principles, never trusting the casino's own number - Confirm it across millions of simulated rounds Break even one core rule and the game can be rigged. Pass them all, with the RTP holding up, and it's provably fair. It's binary. It's math, not opinion. That's the standard we think provably fair gaming should be held to. Not a black box audit. Not a trust-us bro PDF. Every audit is public, every verifier is public, every repository is open source. Anyone can clone the code and reproduce the findings themselves. Self-verification proves a casino is consistent with itself. Independent verification proves it's consistent with what it publicly claims. Only the second tells you whether the games are actually fair.

@Circusfyi @Tanzanite_xyz @fairgambling Agreed, nearly an impossible task to tackle given nature of crypto.

@coinbetscom @Tanzanite_xyz @fairgambling great video! the incentive to fake analytics for PR is a real problem that has negative consequences not just for players but for us as analytics sites too. Thanks for your insight, looking forward to more.

on-chain data is the new credibility meta in crypto gambling and casinos have every incentive to game it $44.7B in crypto casino deposits were tracked this year by @Tanzanite_xyz @Circusfyi @fairgambling players now use these rankings to decide where to gamble a new casino can generate millions in deposit volume for a few thousand dollars in gas fees and suddenly sit next to Stake and Roobet on every leaderboard reputation by volume association do you think your favorite casino cooks their numbers?

2 years ago every influencer was pumping SHIT coins and NFT projects now it’s casino deals the infrastructure layer of crypto is becoming the infrastructure layer of gambling — and it’s accelerating fast Jupiter, Solana’s biggest DEX, now pushes prediction markets and poker betting Magic Eden raised $157M for NFTs… then pivoted into a full offshore crypto casino the culture completely changed Drake - $100M/year Trainwreck - $360M in 16 months xQc - up to $200k per stream and it’s not just crypto influencers anymore rappers, athletes, streamers, celebrities — everyone is getting a casino bag gambling became the fastest growing sponsorship category on the internet and it's not even close we broke down why this happened, where the money comes from, and what it means for crypto

@DrWgamba thanks its interesting to make these videos too, most of the behind the scene stuff doesn't get too much covereage. the suits are coming for the crypto casinos

I don’t know who’s behind this account, but the content @coinbetscom has been posting lately is genuinely interesting. And if, as I once suspected, Ossi is behind it… then in this case, good content. This video is worth watching because it shows something many people in the space still don’t really see: how much money is moving into crypto casinos, and how many projects are being built around growth, marketing and exits. For me, it hits close because we’re also building in this space. But I don’t want to build just another casino with a different name, a different logo and the same product behind it. We’re putting our own money, our own work and our own ideas into this. And honestly, we can’t wait to launch our products so people can finally see what we mean by transparency and trust. Not “transparency” as a nice word on a website. Real transparency. Who is behind it. How the product is built. How the rules work. How payments work. How bonuses work. What the real house edge is. What RTP actually means. What the player is really getting into. I think too many players get impressed by big names, huge bonuses or loud marketing, and only later realize they never truly understood the product they were using. That’s exactly what I don’t want. I want to build products where players don’t feel tricked, confused or left in the dark. Different products, made by us, with our own touch. Not the same casino copied 50 times with a different skin. And honestly, I also think the industry needs to move past the idea of “provably fair”. Because it shouldn’t be “probably fair”. It should just be fair. That’s the standard we’re trying to build around. Not hype. Not fake transparency. Not smoke and mirrors. Just good products, built properly, by people who actually care about what they’re creating. When we launch, I want people to judge us by the product, not by promises. Dr.W

@YogiGambles thanks, a lot of interesting shit happening in the crypto casino space on the back end. I think in the end more mainstream money flowing in, there is going to be a lot more eyeballs on the space

This is why I’ve backed my boy @coinbetscom since day zero. Most people just see “big funding round” headlines. He actually explains why VCs are pouring so much money into offshore crypto casinos and what they’re really betting on behind the scenes. Highly recommend watching this video. These VCs have rushed into offshore casinos after missing the boat with the likes of @Stake and @Roobet chasing the next hyper growth cash grab while relying on boilerplate bonuses and VIP subsidies to force retention. FAFO. Backed CB early because nobody else is willing to go this deep into the business side of crypto gambling. Real gamba content and not your average shit slots clip faking a max win by your favourite fill gambling streamer number 35.