The Ledger: Stake sees more than a billion bets in March

This week Stake announced it had clocked more than a billion bets, while Twitch came under fire for wayward gaming influencers again.

Stake has announced that it saw more than one billion bets placed last month, clocking an astonishing 1,072,093,732 wagers.

These included one $10,000,000 win on the Pompeii Megareels Megaways slot game by Pragmatic Play and one high roller bet a staggering $1,000,000 in a private blackjack lounge, emphasizing Stake.com's appeal to high-stakes players.

Meanwhile, SoftSwiss landed a B2B Tobique gaming license, marking the first of its kind issued in the Canadian jurisdiction and gambling platform provider Slotegrator sealed a deal with Sweet, an emerging player in the online crypto casino sphere.

The collaboration marked a significant stride in the expansion of gamblefi, blending gambling with decentralized finance, paving the way for fresh prospects in digital gaming.

Elsewhere, Twitch came under scrutiny in Sweden when Sveriges Television’s Kulturnyheterna spent six weeks investigating Twitch influencers who they allege have been pushing unlicensed casinos onto their followers.

In other news this week, popular online crypto gaming platform Rollbit announced significant changes to its Provably Fair (PF) system, aiming to enhance transparency and fairness for its players.

The move came in response to concerns raised about the clarity and reliability of existing PF systems. Rollbit research suggested that many players do not actively verify the fairness of each game round they participate in, largely due to the complexity of existing systems.

Finally, Roblox has found itself at the centre of a legal challenge in California, where it stands accused of facilitating an illegal gambling ring that preys on children.

The plaintiffs argue that players, usually children, are able to buy the Robux digital currency through the Roblox website, and then use it at certain casinos that accept it as a legitimate payment option.

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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