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Jon Matonis
Founding Director
Bitcoin 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

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State of the Market: Bitcoin in Gambling

  • 1. Jon Matonis Founding Director Bitcoin Foundation State of the Market: Bitcoin in Gambling
  • 2. Future Prediction “Within 5 years, half of the top ten iGaming operators will be bitcoin-only.”
  • 3. Bitcoin Is Ideal Digital Casino Chip ▪ Immediacy ▪ Privacy ▪ Irreversibility
  • 4. 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)
  • 5. 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
  • 6. Evolution of Bitcoin Gaming (2010-15) 1. Rewards based MMORPG 2. Early wagering precursors 3. Professional content and bookmaking 4. Blended operations (future?)
  • 7. 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
  • 8. 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
  • 9. Connect With Me On Twitter @jonmatonis