How Bitcoin Is Bootstrapping Online Gambling Growth » The Merkle News

A recently published report suggests that the global online gambling market will grow by $114 billion over the next four years, with bitcoin playing its part. While forecasts related to economic growth may seem flawed given our current circumstances, with a virus having swept aggressively across the planet and drastically altered the way we live and work, the 120-page report is worthy of serious contemplation. Particularly given the widespread closure of land-based casinos, betting shops and bingo halls, which should theoretically drive gamblers into the loving arms of online portals.

If Netflix’s 16 million new signups during lockdown has taught us anything, it’s that consumers are increasingly sourcing their entertainment fix where they can get it – from the internet. For virtual gambling platforms, that means business as usual although sportsbooks are understandably suffering due to the indefinite suspension of major events. As for the wider crypto world, recent months…