As gambling regulations have eased across the USA, the promising virtual betting gap has been filled, largely, by live casinos. Providing the sort of live interaction that hobbyists and enthusiasts alike crave from the glitz and glamour of Vegas-style establishments, a recent Wall Street Journal feature noted how they can give a real sense of luxury while allowing gamblers to stay safe. There is no easy expansion of gambling in the USA, however, given state-wide differences. As such, for these virtual live casinos to really continue flourishing, they need to double down on their best qualities – their technical sophistication, and their key versatility.
Pushing the envelope
One of the key facets of the online casino ecosystem is sophistication. The best online casino operators use cutting edge digital tools to make their presentation, giving a real level of immersion to visitors. Moving away from over-the-top digital advertising, and instead presenting the very clean, stripped back approach of the casinos of old. This is matched with a progressive approach to using all of the financial and currency innovations available on the market. Exemplifying this is the use of cryptocurrency in many new casinos, according to Forbes; this approach to wagering is decidedly progressive in its approach, and has caused headaches for regulators – but fun new ways to deploy coins, and altcoins, for gamblers.
That use of cryptocurrency has been a major factor in enhancing the reach and versatility of online casinos. While a level of regulation is, arguably, required, it is also the case that access to gambling can be restrictive. According to an article by NBC, new cryptocurrency-focused casinos are providing a way for anyone to get involved with wagering, even those without the regular access to funding and documentation that might otherwise be associated. The burden of regulation is on the casino, but that enables a more versatile and wide-spread service.
Trouble on the horizon?
Cryptocurrencies are being used in virtual casinos – and so are the sister products of crypto, NFTs. However, as Reuters highlights, regulators have taken a dim view and are scrambling to bring in measures to try and halt this trade, or at least bring a greater degree of control over it. This spells a little danger from the industry, but there is relief to be had. Bigger gambling houses and industry players, including Las Vegas old-school firms, are starting to become more interested in the online gambling scene – crypto included. Where industry pressure is brought together against potentially draconian regulations, there is likely to be a shift in attitude and a more measured approach to the question of regulation in the era of decentralized finance.
The future of online gambling is through the virtual live casino. It provides an experience equivalent to being in-person while allowing technology to take a much greater role. While regulators stack up against the movement, there are positive signs that this will be a great opportunity for those who love to game.