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Crypto casinos generate $81.4bn in global betting profits in 2024

Regulation

Crypto gambling platforms generated $81.4bn in worldwide betting profits in 2024, five times the previous year's figure, according to data from Yield Sec. Users in jurisdictions including the US, China and the European Union accessed offshore sites through VPNs and mirror websites; Stake said it requires identity checks and bans users who bypass regional restrictions.

Operators and regulators face evidence of substantial crypto gambling activity alongside reported circumvention of regional restrictions.

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Regulation

Stake executive says Italian online market effects await full technical rules

Stake Italia national director Fabio Angeli Bufalini said the impact of Italy's new online gambling concession regime would be clearer once its technical rules are fully implemented. He described the first year as a transition and cited 46 companies and 52 authorised domains, compared with more than 300 previously.

Stake is among the international operators that entered the Italian online gambling market through the new concession allocation procedure, and the concrete effects of the new regime can only be assessed once the new technical rules are fully applied, Fabio Angeli Bufalini, national director of Stake Italia, said at a panel on the regime a year after its introduction. The first year should be treated as a transition because a significant part of the regulatory changes has yet to take full effect, he said, pointing to the period after 15 February as an important step for understanding the impact of the changes.

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