The Ledger: Rivalry makes crypto a key strategy, CoinGames launches

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Last Update: April 12, 2024

2 mins read

Rivalry teases crypto strategy, CoinGames pushes decentralised gambling and TG.Casino announces latest airdrop.

Earlier this week, Gen Z focused sportsbook and igaming operator Rivalry revealed it has big plans to expand support for cryptocurrency and crypto-enabled technologies across this year.

The Toronto-based platform hasn’t given away exactly what that expansion will entail but it has said that it will be a “material development”, so we’re looking forward to hearing exactly what role crypto will play in the future of the platform in the next month or so.

Yesterday, CoinGames announced its launch as the first fully licensed decentralised gambling platform – we’re not certain it’s the first, but it says it is. Either way, CoinGames is using blockchain smart contract technology to offer a safe, secure, and casino, with instant withdrawals.

Meanwhile, HugeWin, which launched in January, has announced that users can now make deposits using eight different cryptocurrencies: Bitcoin, Ethereum, Tether, Tron, Dogecoin, Binance Coin, Litecoin, and Ripple.

Another relative newcomer, TG.Casino, has kicked off its Season 2 Part 2 Airdrop, offering players a chance to win a portion of $1.5 million worth of Ethereum. The airdrop runs from April 8 to May 22.

Insanity Bets has launched staking to enable players to earn from the platform's revenues. The innovative approach is made possible through the $ILP index and $IBET token. Players to stake $USDT and receive 90% of the wins and losses from player bets.

Elsewhere, defunct Nanaimo-based crypto exchange ezBtc has been the subject of a British Columbia Securities Commission investigation. In a hearing this week, the firm’s sole director David Smillie was accused of an estimated $13m fraud, in which funds were syphoned off the platform and into various gambling websites.

Smillie is missing and did not attend the hearing. The Commission has 120 days to declare a verdict following a May 17 deadline for lawyers to make further submissions.

Last, but not least, Polymarket has estimated a 14% chance of the US Securities and Exchange Commission approving a spot Ethereum ETF by May 31.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Hannah

Hannah is editor of CryptoGamblingNews.com and has almost 15 years experience in journalism, including reporting on law, TV, gambling, crypto and alternative finance. She is particularly interested in the future of money, the transition of gambling from 'vice' industry to mainstream entertainment and the application of blockchain technology to wider society.
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