Crypto casinos generated over $81 billion in revenue in 2024, according to a report from Yield Sec cited by the Financial Times. This figure is notable as it reflects a fivefold increase in annual revenue since 2022, despite ongoing regulatory challenges that prevent access to these platforms in major markets like the United States and European Union. Stake, a prominent crypto betting platform, reported a gross gaming revenue (GGR) of $4.7 billion for the year, making it competitive against traditional betting companies like Entain and Flutter. Users on Stake can engage in various gambling activities using cryptocurrencies, even though many jurisdictions block access. Some users reportedly bypass restrictions using VPNs, and some even sell pre-verified gambling accounts on social media for as little as $10. This trend indicates that despite regulatory efforts, crypto gambling continues to thrive through alternative access methods.

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