Betting with Cryptocurrency is growing in popularity

[pokxon]

Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.

[husanchaika]

Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.

I think it's temporary, because when internet was first launched it was used for a lot of garbage, too.
And may be it's because that institutional investors are holding back with investing in crypto.
But things will change, of course.

[aji678]

If it is something new in China, it should increase worth of more popula coins which will be used in online casinos. For me it is good informations, and if number of invested coins for gambling will be that huge like money which were invested, it will be really good for market.

[KobbyD]

Yes, it is really growing popular, that is why a lot of the ICO is considering the betting project.

[bhm45]

now, so many projects about gambling and I think the project with the concept like this is crowded followed by many investors. we know that the opportunity to make a profit in here is big so they make good use of it.

[tamango]

Actually you can use BITCOIN and Ethereum to buy many good and services so why not using them to bet with crypto?