Global gaming volume is conservatively estimated at $400B growing around 10% per annum. There is a rapid move from offline to online in the industry - across geographies. This has created disruption and led to elevated consolidation among existing players. It is widely believed that about 10%-20% of activity is already online — $40bn is a conservative 2017 estimate. The industry is likely to be 50% larger and consolidated by the mid 2020s. The next decade will be pivotal in shaping market dynamics, regulation, and market shares. Online gaming will come of age alongside Crypto. Likely, the two will not develop independently.
The nimblest and smartest of players - the ICash and FaceOff of the world - have been building to be part of the exciting transition and growth that is clearly coming. The developed world is online and engages through smart phones. Sports, weather, and social apps dominate the compulsive attentions of billions of smartphone users. There is no denying that folks love to match wits, root for their favorite clubs, and against their rivals. The algorithms that shape our news flows play up the controversial, we are all interested in seeing some succeed and some fail.
We live through our smart devices in an age of celebrity, scandal, sport stars, polarizing politicians, and extreme weather. We love wagering on all of these things. Blockchain was the missing piece. It is not missing anymore. The trickle online is becoming a deluge. As long as we can seamlessly and legally wager in a unified currency on a platform we trust, hundreds of millions of folks — and Dollars, Euros, Yen, Yuan — are coming.
It is no surprise that there is an intense struggle to penetrate and gain traction. The opportunity gates have been further forced open by the entry of Crypto-capable solutions. ICash and FaceOff offer the globe a world of secure, trusted opportunity to match wits, root for teams, root against teams, and forecast the future. Every flavor of legal wager is there or coming, in a trust environment with Blockchain and smart contract capability coming soon. The ability to offer services in Crypto and across borders without traditional currency fees and cross border issues has also contributed to entry into the space. As billions come online with affordable smart phones, richer Wi-Fi networks and soon-arriving 5G, we see this accelerating opportunity speeding up.
Thought leaders in the space anticipate a massive scrum leading to the ascension of a pack of new tech-enabled leaders. There is a globe to win. Wagering, on teams, passions, weather, politics, financial instruments, casino games is cross-cultural and cross -generational. Today’s 1.5 to 2 billion players are likely to grow to well over 3 billion by 2030. Regulation is starting to catch-up as jurisdictions want to attract and retain wagering and earn tax revenues.
The smart money is betting big on Crypto wagering.
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