Crypto casinos are set to revolutionize the gaming industry, predicted to reach a market size of $81 billion by 2024. One noteworthy player is Shuffle, a casino and lottery platform co-founded by former Alameda trader Noah Dummett. Though primarily a crypto casino, Shuffle executes most gameplay off-chain to prevent overwhelming blockchain networks. It partners with established iGaming studios, which generate game outcomes. While this ensures a degree of tampering risk mitigation, it limits on-chain revenue verification. Traditional casinos face operational hurdles like high fees and chargebacks, which crypto casinos like Shuffle can circumvent using blockchain technology, allowing for instantaneous and secure transactions. Furthermore, Shuffle introduced a weekly lottery rewarding SHFL token holders, providing up to 48% annual returns as a part of its strategy for customer retention and token value sustainability. Although often overlooked in broader crypto discussions, Shuffle illustrates how blockchain technology can address significant payment challenges in the global gambling market. The company is expanding, announcing plans for a compliant US offering called ShuffleUSA.

Source đź”—