Lucky Roo: Bringing Gambling and Betting to the Crypto Market
Cryptocurrency gambling is fast gaining widespread adoption thanks to its decentralized nature. Today, a large…
There is no doubt that billions of dollars are gambled every year. Out of these billions, the sports betting & gaming industries account for nearly half of the world’s betting volume. Unfortunately, operators and networks spearheading these industries are usually centralized.
It’s clear that centralized operators and networks are far from perfect and cannot be trusted. On the one hand, operators tend to apply excessive fees and unfair limits. On the other, centralized networks offer centralized points of failure and are vulnerable to governments and legislators.
However, one project, GAMBL, is seeking to return power back to the hands of the users. They intend to do this through cutting-edge technology and industry experience. Let’s take a deep-dive into GAMBL & what it’s all about.
GAMBL is a global gaming and blockchain platform that brings together betting, casino, sportsbook, poker and lottery into one single app. It does this through the power of blockchain technology to bring open and fair gaming to a global audience.
GAMBL recognizes the fact that both the gaming and the sports betting industries are fast-growing industries. This is due in part to the continuous legalization of both industries in many regions. However, GAMBL has noticed that for a large majority of regions, these industries are in the hands of centralized players.
This has resulted in a number of problems for both users and operators. For instance, users face problems such as high fees, poor odds, poor liquidity, limitations, geographical restrictions and lack of data and funds control. Operators, on the other hand, are facing issues such as high entry barriers, regional restrictions, high costs, legal obligations and difficulty building users.
GAMBL wants to bring the power back to the users through the use of distributed systems and consensus data mechanisms. The ultimate goal is to make GAMBL a decentralized gambling network by the people, of the people, and for the people.
Typically, traditional sports betting and gambling platforms often manipulate their workforce numbers and maximize average profits on every user to stay ahead. However, GAMBL is providing a different level of solution.
GAMBL’s solution is to completely overhaul the traditional framework of the industry and improve it at its core. The aim is to weed out operator and user problems at the roots, rather than making surface level moves that only cause instability.
For starters, GAMBL offers users highly competitive odds, industry-leading prize pools, fair operation, ability to choose multiple operators and sole ownership and control of funds. Additionally, there are no individual restrictions. Therefore, users can access the platform at any time from anywhere in the world.
Operators, on the other hand, receive a lower-cost solution, higher profit retention, a global pool of players, and a low entry barrier. The decentralized nature of the network will reduce the need and the costs associated with centralized operations.
Some of the key features of the GAMBL network include:
GAMBL’s roadmap is divided into yearly phases outlined as below:
There is no doubt that the GAMBL network is an ambitious project; from its vision and mission down to the team behind it. If you’d like to know the project in detail, feel free to check it out through the following channels:
Website: Visit
Whitepaper: Click here