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Furthermore, the Gambling Act 2005 imposed by the UKGC (U.K. Gambling Commission) has enabled companies to promote their gambling websites, which also assisted in expanding the market in the region. The adoption of blockchain technology has also impacted market growth significantly. In addition to regular payment modes, gambling applications, and websites have begun accepting payments via the blockchain. For instance, BitStarz is a bitcoin-based gambling platform with approximately 4 million regular players. The blockchain can ensure secure payments with transparency in gambling activity through blockchain ledgers.

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This is attributable to the legalization of gambling across European countries such as France, Germany, Spain, Malta, and Italy. In context, the Nevada Gaming Control Board (NGCB) regulates and oversees online gambling in the state. The NGCB might be preserving the state’s brick-and-mortar (or in-person) casino gambling industry.

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