Bitcoin’s Future Lies in Regulated Online Gambling MarketssteemCreated with Sketch.

in #cryptocurrency7 years ago

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If you’ve been in the online gambling industry as long as we have chances are good you experienced the old ‘wild west’ days. Back then a bunch of trigger-happy cowboys dotted the landscape while regulation was just a byword and often frowned upon when it pitched up in conversations.

Fast forward to today it’s a different story altogether, regulation is key and plays a pivotal role in keeping licensed online casinos in check.

In other words the random number generators (RNG) of the casino games stocked in their game libraries must be audited regularly to ensure safety, they must endorse responsible gaming, reward regular depositors and have on going promotions where players can earn additional rewards.

When Bitcoin entered the online gambling arena the crypotcurrency ushered in the dawn of a new wild west era. Due to its centralized nature many governments feel that the time has come to properly regulate it.

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Thank you so much! You are right

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