RATE Group | Ethereum-Based Crypto-Games Fall under ‘Gambling’
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Ethereum-Based Crypto-Games Fall under ‘Gambling’

23 Oct Ethereum-Based Crypto-Games Fall under ‘Gambling’

Posted at 15:02h in Ethereum News by

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Ethereum-Based Crypto-Games Fall under ‘Gambling’ - Study 101
Source: iStock/fergregory

Recent research by the University of York found that Ethereum-based crypto-games in fact meet definitions of gambling.

This week, the university published an article saying that a new study looked into the nine highest-ranked Ethereum dapp (decentralized aplications) games listed on State of the DApps, a not-for-profit curated directory of dapps, and found that they meet definitions of gambling. The research paper, which will be presented at the CHI Play conference in Barcelona on October 24th, explains that crypto-games are video games with a fully or partially distributed ledger architecture that runs on top of a cryptocurrency network, giving players provable ownership over the virtual goods. The studied games comprise of about 16,000 player accounts, the article says, adding that this is still a niche phenomenon when compared to the games industry in general. The researchers chose Ethereum as it’s “the oldest dapp-supporting cryptocurrency and…

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