GAMBLING MARKET
In 2017, the value of the global gambling industry was $ 533 billion, but it is estimated to rise to $ 1 trillion in 2021. Access to the Internet and the emergence of new technologies accelerated the growth of the online gambling market and made Asia the fastest growing iGaming market in the world. Another important factor that accelerates the growth of the online gambling market is that smartphones facilitate access to the online and mobile gaming world. With the expansion of digital privacy laws and the development of technology that continues to enhance the user experience, the decentralized gaming market can grow enormously globally.
Betting is one of the most lucrative and well-known sectors among internet-based businesses. According to H2 Gambling Capital, global online gaming values were approximately $ 43 billion in 2017. It is estimated that it will approach 65 million euros in 2022. Currently, more than 6 million people are in contact with the gambling industry. This number is expected to exceed 10 million in 2020. The online market is growing faster than traditional casinos.
The traditional gambling industry has problems that lead to a lack of confidence among players, developers, and providers of services. The reasons for these problems are multiple intermediaries, high fees and some real user experiences. There is a need for urgent reform in the whole gambling system. The biggest solution to a fair and modern gambling system is a decentralized gaming platform that will use all the advantages of blockchain technology.
WARRIOR AGAINST PROBLEMS: FAIREUM
At the moment, the gambling industry has been negatively perceived by many factors such as high transaction fees, low returns, inefficient cost structures, the inclusion of intermediaries in the bookmakers business, safety of transactions, lack of transparency, and stagnation. The gambling industry also has problems such as security issues arising from centralized systems, tax evasion and money laundering problems, and unfair rates.
The existing online gambling system also has a number of problems for players. You cannot use your bonuses any way you want, depending on location, your account is limited, you are faced with hidden fees to withdraw money, you are limited to withdrawing money, your payments are slow and there is a risk of being scammed.
The Faireum team will revolutionize the online gambling industry by changing all that is known and will solve all these problems. Faireum will provide you with a reliable, unlimited, safe and fast blockchain based online gambling. Thus, transaction fees will decrease and payouts will increase. The risk of fraud will be reduced. Under Faireum protocols, third parties will be provided with transparent and reliable services for proper development. What's more, in the Whitepaper, it is promised that the Faireum platform's interface supports insurance services and third-party services. So everyone's digital assets are secured.
Faireum is a public blockchain and has a set of protocols. These protocols focus on the gambling industry and ensure a decentralized, low-cost, transparent and secure betting and gambling experience. Faireum uses its own currency and has its own smart game contract (you can read the security analysis of Faireum Smart Contracts from here). It provides an excellent betting experience and guarantees a great experience to its users in the lottery, sports betting, casino games, and other digital gaming services. (take a look at the games on the website
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The lottery is one of the most known games of chance. Although some governments prohibit the lottery, some governments organize national sweepstakes.
On the Faireum platform, the lottery is done only as a smart contract-based. Smart Contract may include the Oracle service to provide a real random number. The Faireum platform organizes various blockchain lottery games based on Faireum and provides a completely transparent lottery mechanism.
WHO WILL BE THE WINNER?
Football, basketball, hockey, baseball, boxing, track cycling, American football and mixed martial arts are the most popular sports which are bet on. But the scope of bets sometimes reaches out to non-sports areas such as political elections, reality shows, greyhound racing, horse racing, dog fights.
Sports betting is usually done through a bookmaker. Usually, this is done by places called "bookie". The role of the bookmaker is to act as a market maker as a mediator for sports bettors.
Faireum allows you to make bets without a bookmaker. In doing so, it acts as a betting exchange. Many bookmakers are not aware of the opportunity to trade with betting exchanges instead of bookmakers. The betting exchanges offer more value and more flexibility by allowing bookmakers to set their own RTPs.
Betting exchanges offer special events where they make predictions on issues such as current events and politics for bookmakers. The main difference between the traditional betting company and the betting exchange is a fact of whom the betting is done against. In the betting exchanges, bettors bet against each other, not against the bookmaker.
CASINO: CAN HOUSE ALLWAYS WIN?
Casino customers play gambling games such as baccarat, craps, roulette, poker, and blackjack. Even though the house is more advantageous than the players, there is always a chance for players to make huge gains.
Big offline casinos generally have to have many business licenses. In this way, they can relieve the players' concerns about transparency and trust and attract them. However, there are many problems for users about understanding transparency and payment issues.
The Faireum Blockchain provides the B2B solution for online and offline casinos with chips and cash management. With Faireum, FairCash and coin-linked protocols, the Faireum Blockchain provides a very flexible way of managing coins, credits, and scores.
Yes, Faireum has so many solutions to various problems and yes, it is a new era for gambling. Are you ready for this?
Once Fair, Always Fair.
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