Cryptocasinos are evolving worryingly fast – here’s how to get to grips with them
New gambling rules are being proposed by the UK government for the first time since the invention of the smartphone. But these “reforms for the digital age” are silent on cryptocasinos, where you can bet online using cryptocurrencies.
These platforms have seen remarkable and potentially dangerous developments since the government’s consultation for its reforms began in late 2020.
The first peer-reviewed paper on cryptocasinos was only published in October 2020. The gambling games discussed were laughably simple, such as bets on virtual coin flips or dice rolls.
Such activities that might appeal to bored friends on a long journey must have seemed benign compared to the world of in-play sports betting and online slots available using conventional currencies.
