The Future of Online Gambling
The rise of online gambling has been a controversial issue for several years, but it seems that the industry is here to stay. Due to its popularity and social acceptance, we are bound to see more expansion in this area in upcoming years.
This article will discuss the future of online gambling and the elements that might come into play. By the end of this article, you will know more about how cryptocurrencies, AI Technology, Personalisation and new regulations will impact the online gambling industry in the future.
Bitcoin and other Cryptocurrencies
Bitcoin is the most popular cryptocurrency in the world. It can be used to make fast and secure transactions without having government agencies or banks overseeing them. Many other cryptocurrencies work according to different rules and regulations, but Bitcoin still holds some of the highest standards for digital money in general.
Cryptocurrencies like Bitcoin were created with the sole purpose of providing an alternative to the traditional currencies, which banks and governments control. It’s no wonder that online gamblers were among the first people who started investing in Bitcoin back in 2012, seeing how it provided them with more privacy and security when making various transactions.
Many online casinos accept cryptocurrency deposits for betting and withdrawing money (just like Bitcoin).
Online casinos that accept cryptocurrency offer their players the option to convert money into digital coins and then withdraw them back into fiat currency when they want. This eliminates any middle man or human interaction from the process, providing an extra layer of privacy and security to the online gambling process.
We can now gamble online with cryptocurrencies has taken some of the pressure off from governments and banks, who are still trying to figure out how they want to regulate it.
In April 2017, Japan became the first country to officially recognise Bitcoin as a legal payment method for various goods and services, including gambling. However, only one year later, China has banned the use of cryptocurrency altogether.
It is difficult to know precisely how much cryptocurrencies will affect the future of online gambling, but it’s safe to say it will have an impact.
AI-Technology Likely to Impact the Gambling Industry
Gamblers are notorious for their love of innovative technologies, and some of them had already given up on the natural world to live a virtual one.
Nowadays, many people can enjoy gambling from the comfort of their own homes. They only need to visit an online casino and click a few buttons to start playing. However, they might soon be able to enjoy gambling from an entirely different perspective.
The way AI works is that it is powered by machine learning, and this means that these algorithms are being updated with more data over time. It can take the information it has received so far and enhances its functionality, which means it will do a better job than before. AI is expected to play a significant role in future technologies, including drones, smart homes and even driverless cars. So far, it has been primarily used for various office jobs and teaching robots how to do household chores.
AI technology may not be ready for primetime just yet, but the future of gambling looks like it will heavily rely on it. We might soon see machine learning used to predict the outcome of a game and wager money on it, as well as chatbots that will be able to speak with gambling clients during live games.
However, there is a serious risk associated with AI technology and online gambling in general. If digital assistants become too advanced, they might start manipulating their owners or even gain sentience and turn against them.
The Future of Online Gambling is Mobile Gambling
Even though there are plenty of online casinos offering desktop web-based gambling, they still represent a small percentage of total traffic as far as mobile devices go. This is almost inevitable considering how smartphones have become increasingly influential in recent years, which means they can handle much more complicated activities. The truth is that online casinos are primarily focused on providing their players with a desktop experience, and mobile gambling is often treated as an afterthought.
However, this might change in the future when it comes to mobile gambling since people prefer convenience over anything else. For example, if you are sitting in the back of a bus, you might not want to use your laptop. In this case, you can log into an online casino using your smartphone and still play games or bet money with it. This will allow you to kill some time while being on the go.
Higher Level of Personalisation
Online casinos have come up with various ways to keep gamblers engaged and entertained for as long as possible. For example, they offer various deposit bonuses with different conditions attached to them, or you can get loyalty points that you can exchange for real money. Some players get treated like VIPs which means they will receive special offers and treats from the online casino.
However, this might change in the future as companies can offer a completely different experience for each player who visits their website. For example, they could use big data to serve up ads that will most likely interest you since they are tailored specifically to your interests. They can also use that same data to offer better deposit bonuses and loyalty points, which will entice players to continue playing at their online casino.
Final Thoughts on the Future of Online Gambling
The way technology is advancing, the future of online gambling will look completely different in just a few years. It isn’t hard to imagine that most casinos will start using social networking features, and there might even be some kind of virtual reality component used for interactive experiences. There are already plenty of betting games like roulette or baccarat which offer unique experiences, and the innovation potential is limitless.
If you are interested in some of the ideas mentioned above or want to share your thoughts regarding the future of online gambling, feel free to share this article with your network on social media.