THE LEDGER: Rollbit RLB burns, Kick.com, and WINR Protocol gamblefi updates

Here's the latest crypto gamlefi news and DeFi updates that you may have missed this week

This week leading cryptocurrency casino and betting platform Rollbit announced that over $1.2 million RLB tokens had been burned over 7 days.

The statistic comes after Rollbit implemented a burn feature on the casino’s native RLB token to create token scarcity and in turn make the token more valuable outside of its use cases.

The value of Rollbit's RLB token has increased by almost 7000% in a year, peaking on August 12, 2023, at $0.21, its current all-time high.

In other news, Everton football club fans will get a chance to claim a free Kick.com sleeve logo. Fans who have purchased Everton shirts may attach their own Kick logo thanks to a partnership with Kick.com, a streaming site noted for its free-for-all hosting of streamers and gambling content.

Heading deeper into gamblefi, WINR Protocol has updated its community on upcoming features coming to the WINR platform.

Revealed in WINR’s roadmap Twitter posts the company has revealed that over 700 new accounts have been made on the platform over the past two weeks.

Other features and updates include enhanced deposit rates for new users, a simplified deposit and withdrawal process across multiple blockchains, and native USDC/USDT bridging.

With crypto casinos and gamblefi on the rise, the Australian government announced plans to potentially ban online cryptocurrency gambling in the country. Reports suggest that a bill is ready to be presented to Australia’s parliament.

Minister of Communications Michelle Rowland said, “People should not be betting with money they do not have.”

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Written by Alex Buckley

Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.

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