Decentralized AI cryptocurrencies TAO, RNDR, and FET have taken hold of the market’s attention.
Investors believe decentralized AI networks will be the main narrative of the bull market, but what does this mean for igaming?
Decentralized crypto casinos and sports betting platforms are abundant. Rollbit, Solcasino, and WINR Protocol are major players in the decentralized GambleFi space.
Centralized gambling platforms like Stake.com, CloudBet, and FortuneJack, which have integrated cryptocurrency into their platforms, are gaining market share from conventional bookies.
Eventually, decentralized AI networks will change the crypto landscape as innovative networks like Bittensor, Render, Roko Network, Fetch.ai, and Singularity.NET take the spotlight, but what will this mean for GambleFi?
Up to 5 BTC bonus in Ethereum
ETH withdrawals and deposits available now
6 BTC bonus plus 250 FREE SPINS
USA players welcome
200% match up to 1 BTC Free spins
Excellent welcome package
AI & GambleFi
Improved odds calculations
AI-powered decentralized gambling systems could employ more precise odds calculations. Precise real-time odds for slots, wagers, and games can be precisely generated with artificial intelligence.
During live sports and events, chances typically need some time to change. These changes can be instantly and dynamically processed with AI.
AI igaming development
AI could also be used to assist developers with game creation. AI might be utilized by game developers to gather vast amounts of player data which can be used to identify gaming patterns and preferences to create engaging and player-retention-tailored games.
Prevent fraudulent activity
In igaming, algorithms can also be used to prevent deceptive players and fraud. AI is great at detecting fraudulent data and recognizing patterns.
Encourage responsible gambling
When it comes to gambling addictions, AI can help encourage responsible gambling practices by monitoring players in real time and jumping into action when addictive behavior is noticed.
AI can instantly impose deposit caps and temporarily ban specific users from gaming sites to stop compulsive gambling.
It will only be a matter of time before crypto-based gambling sites and igaming platforms see AI implementation.
The AI narrative will inevitably extend to the sects inside the crypto industry as investors embrace AI.
Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.
View all posts
Looking for your next crypto casino? Check out: Mega Dice or FortuneJack
John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.
With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players.
Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values.
Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.
Latest posts by John Sommers (see all)