CoinBets🔍

The Crypto Casino Watchdog - no affiliate links, no casino money.
100% independent.

[CoinBets🔍 @coinbetscom]

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?

[CoinBets🔍 @coinbetscom]

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

[CoinBets🔍 @coinbetscom]

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?

[CoinBets🔍 @coinbetscom]

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

[CoinBets🔍 @coinbetscom]

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

[CoinBets🔍 @coinbetscom]

@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

[CoinBets🔍 @coinbetscom]

@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

[CoinBets🔍 @coinbetscom]

@CryptoGambleCom Nice one, I'm sure I missed plenty of others too. Safe to say a shit ton of investment happening atm and will continue

[CoinBets🔍 @coinbetscom]

$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?

[CoinBets🔍 @coinbetscom]

@YogiGambles because dozens of casinos launch every month, there’s a constant supply of new targets

new operators are desperate to grow fast, don’t know who to trust. we go pretty hard on casinos but for sure they're dealing with some bs daily too. its a cut throat industry

[CoinBets🔍 @coinbetscom]

the issue isn’t whether the outcomes are “fair” in practice, it’s whether players can independently verify them

without a client seed and nonce tied to a persistent server seed, the casino controls every input into the outcome generation

that defeats the core purpose of provably fair - simple fix just dont call the games provably fair

this isn’t about “shitting on casinos”, it’s about whether the implementation actually matches the claim being made to players

[CoinBets🔍 @coinbetscom]

@a0kdev I would say provably fair games are but it depends on if they're implemented properly or not. also the actual casino you're playing on matters a lot too

[CoinBets🔍 @coinbetscom]

another FAKE Provably Fair casino: Qzino​.com

no client seed
no nonce
they rotate the server seed every single bet

there's nothing for a player to verify against

real provably fair has three inputs:
-server seed (casino's input, committed before play)
-client seed (your input)
-nonce (sequential bet counter on a single seed)

Qzino skips the player input and nonce completely

their hash commitment proves nothing because the casino picked all the inputs they can choose any game outcome they like

this is basically a black box game with a fake fairness interface

not sure if it's incompetent or malicious no way to know for sure

have you played their originals? how did it go?

[CoinBets🔍 @coinbetscom]

@a0kdev from what I can see they don't have provably fair in house games just regular ones, nothing to check here

[CoinBets🔍 @coinbetscom]

@smokeylisa @luckio or a lot of the volume was fake anyway and there's not much to vacuum

[CoinBets🔍 @coinbetscom]

@krombet_ig seeing a lot of casinos just using sports betting interface and calling it prediction markets.. any good examples of casinos that have done it natively well?

[CoinBets🔍 @coinbetscom]

@YogiGambles @hacksawgaming Back of napkin math - let’s assume they charging 10% GGR to provide these games for operators means operators are doing 500m GGR in q1 just from hacksaw titles and they’re not even the biggest provider.

[CoinBets🔍 @coinbetscom]

@YogiGambles I predict crypto casinos will double down on originals game development over next years

[CoinBets🔍 @coinbetscom]

how did stake turn “originals” into a $2 Billion / month machine?

these games are built for retention and acquisition - not as profitable as slots

we broke down what actually makes a good originals game

What’s one original that keeps you coming back?

[CoinBets🔍 @coinbetscom]

@XiridVAL yes genuine mistake in first part was supposed to be a 3rd party slot. We discussed the duel slot at 7:45

[CoinBets🔍 @coinbetscom]

how did stake turn “originals” into a $2 Billion / month machine?

these games are built for retention and acquisition - not as profitable as slots

we broke down what actually makes a good originals game

What’s one original that keeps you coming back?

[CoinBets🔍 @coinbetscom]

@XiridVAL we did in the examples in last part