Key Takeaways:

• Michigan Gaming Control Board issues public advisory for NCAA Championship betting
• Only platforms partnered with Michigan’s licensed casinos are legal for sports wagering
• Offshore sites like Shazam Casino and Las Atlantis targeted with cease-and-desist orders
• Tournament expected to generate $2.9-3.1 billion in nationwide legal wagers
• Duke commands 40.5% of championship betting handle at major sportsbooks
• Licensed operators must provide deposit limits and self-exclusion tools

April 2, 2025 – The Michigan Gaming Control Board (MGCB) has issued a comprehensive public advisory ahead of the highly anticipated NCAA Men’s Basketball Championship Game scheduled for April 7, 2025. The regulatory body is calling for Michigan residents to exercise heightened vigilance and responsible gambling habits as March Madness reaches its climactic conclusion. This advisory comes at a pivotal moment as betting projections for the 2025 tournament are estimated between $2.9–3.1 billion in legal wagers nationwide, positioning this year’s tournament as one of the most significant betting events on the American sports calendar.

Michigan’s Regulatory Framework

As one of 38 states with legalized sports betting, Michigan represents a mature market with robust regulatory frameworks designed to protect consumers. The state first launched online sports betting in January 2021, and the market has since grown substantially, with March Madness consistently ranking as one of the highest-volume betting periods of the year.

“The NCAA Tournament creates unparalleled excitement for sports fans and bettors alike,” said Henry Williams, MGCB Executive Director, during a virtual press conference announcing the advisory. “Our primary concern is ensuring that Michigan residents who choose to place wagers do so safely, legally, and responsibly.”

The MGCB emphasized that only operators partnered with Michigan’s three commercial casinos—MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown—or the state’s twelve federally recognized tribal casinos are legally authorized to offer online sports betting services to residents. Currently, fifteen licensed operators provide mobile sports betting in Michigan, including major brands such as FanDuel, DraftKings, BetMGM, and Caesars Sportsbook.

Crackdown on Illegal Offshore Operators

A significant portion of the advisory focused on the dangers posed by unlicensed offshore gambling websites.

The MGCB recently issued cease-and-desist orders to several illegal operators, including Shazam Casino and Las Atlantis Casino, which have been actively targeting Michigan residents despite lacking proper licensing.

“These illegal platforms operate without any regulatory oversight, putting consumers at serious risk,” Williams warned. “We’ve documented numerous cases where these sites have refused to honor withdrawals, implemented predatory wagering requirements, and even disappeared entirely with customer funds.”

The MGCB has intensified its enforcement actions against illegal gambling operations in recent months. In March 2025 alone, the regulatory body identified and took action against eleven unlicensed gambling websites, working in coordination with internet service providers and payment processors to block access and disrupt their operations within state borders.

Deputy Director of Enforcement, Elizabeth Crosby, outlined the specific risks associated with offshore sites: “Beyond the financial dangers, these platforms also expose users to identity theft and data security risks. They typically lack standard encryption protocols and may sell personal information to third parties without consent.”

Consumer Protection Measures

Licensed operators in Michigan are required by law to implement comprehensive responsible gambling tools.

These include mandatory deposit limits, cool-down periods, self-exclusion options, and prominent placement of problem gambling resources. The MGCB’s advisory highlighted these features as essential safeguards absent on illegal platforms.

Dan Trolaro, a nationally recognized responsible gambling advocate who partners with Michigan’s Problem Gambling Helpline, offered practical advice for casual bettors drawn to March Madness: “The tournament naturally attracts many first-time or occasional gamblers.

fWe encourage everyone to set a strict entertainment budget before placing any bets and to view gambling as entertainment, not as an investment strategy or income source.”

Trolaro emphasized the importance of recognizing warning signs of problematic gambling behavior, such as betting more than planned, chasing losses, or experiencing mood changes related to gambling outcomes. “If you notice these patterns in yourself or someone you care about, it’s important to reach out for support through Michigan’s confidential helpline services.”

Market Analysis and Betting Trends

The advisory comes amid fascinating dynamics in the March Madness betting market.

According to data from H2 Gambling Capital, approximately 169 million bets are expected to be placed on the 2025 tournament, representing a modest 1.5% decrease from 2024 figures. Analysts attribute this slight decline to market saturation in states where sports betting has been legal for several years and the limited number of new state launches in the past year.

Despite this small reduction in overall betting volume, the hold rate—the percentage of wagers retained by sportsbooks—is projected to increase to 7.8%, up from 7.5% in 2024. This improved profitability for operators is largely driven by the tournament’s bracket results, which have featured fewer significant upsets in early rounds compared to previous years.

“When favorites advance, it generally benefits the bookmakers,” explained Jennifer Martinez, senior analyst at Michigan Gaming Analytics. “While casual bettors often gravitate toward underdogs for their potential payouts, the more predictable outcomes we’ve seen this year have helped sportsbooks maintain healthier margins.”

At BetMGM, one of Michigan’s leading licensed operators, Duke has emerged as the overwhelming betting favorite, commanding 40.5% of the total handle for championship futures. The sportsbook reported receiving a record $500,000 wager on the Blue Devils to win the tournament, highlighting the exceptional interest in this year’s Final Four.

“The combination of Duke’s storied program and the presence of freshman phenom Cooper Flagg has driven unprecedented betting interest,” noted Adam Greenblatt, CEO of BetMGM. “While large wagers aren’t uncommon for championship events, the volume of action we’re seeing on Duke specifically is remarkable even by March Madness standards.”

Resources and Support Systems

The MGCB advisory concluded with information about available resources for Michigan residents who may be experiencing gambling-related problems. The Michigan Problem Gambling Helpline (1-800-270-7117) provides confidential support 24/7, offering counseling referrals and information about self-exclusion programs.

Additionally, the MGCB maintains a dedicated responsible gaming section on its website (michigan.gov/mgcb) with educational materials, self-assessment tools, and links to specialized treatment providers throughout the state.

“We want everyone to enjoy the excitement of March Madness safely,” Williams concluded. “By sticking to licensed platforms, utilizing responsible gambling tools, and being mindful of your limits, Michigan residents can ensure that their betting experience remains entertaining and doesn’t lead to harmful outcomes.”

As the tournament culminates with the Final Four this weekend and the championship game on Monday night, Michigan authorities will continue monitoring betting activity and responding to reports of illegal gambling operations targeting state residents.

Sources

• MGCB Encourages Responsible Betting for NCAA Championship
• Michigan Gaming Control Board Takes Action Against Illegal Offshore Gambling Websites
• SportsbookReview: Michigan Gaming Control Board Promotes Responsible Gaming
• H2 Data: March Madness Handle to Decline in 2025
• Investopedia: March Madness Sports Betting Is Big Business
• Statista: Total Amount Bet on March Madness
• Michigan Gaming Control Board Official Website
• Legal Sports Report: March Madness Responsible Gambling Awareness 2025
• Michigan Public: March Madness Is a Season for Betting

The post NCAA Championship Betting Advisory: Michigan Urges Responsible Wagering Ahead of Final Four Weekend appeared first on Business2Community.

Key Takeaways:

• BlueBet completed the TopSport acquisition on April 1, 2025, for AUD 15 million
• The deal included AUD 10 million upfront and up to AUD 5 million in performance-based earn-outs
• TopSport’s CEO Tristan Merlehan joins BlueBet as Chief Trading Officer
• The acquisition is projected to deliver over 30% earnings per share accretion in FY2026-2027
• BlueBet continues pursuing PointsBet in further consolidation efforts

The completion was officially announced through the Australian Securities Exchange (ASX) on April 1, with BlueBet paying a cash component of AUD 1.52 million and issuing approximately 8.8 million new shares to finalize the transaction.

“Today marks a major step forward in our mission to create a powerhouse in the Australian sports betting market,” said BlueBet CEO James Salteri during a media briefing. “By bringing TopSport into our family, we’re not just acquiring assets – we’re gaining exceptional talent, proprietary technology, and a loyal customer base that complements our existing operations.”

Strategic Rationale and Market Position

The acquisition forms a central component of BlueBet’s stated goal of capturing 10-15% of Australia’s sports betting market, which analysts project will grow at a compound annual growth rate (CAGR) of 22.10% to reach AUD 50.15 billion by 2034.

TopSport brings a substantial customer database of over 63,000 accounts and a reputation for serving premium betting customers. In the first half of the 2025 financial year, TopSport reported a turnover of AUD 198.9 million and a net win of AUD 11.8 million, showcasing its strong performance in the competitive landscape.

Market analyst Sarah Chen from Australian Gaming Research pointed to the complementary nature of the businesses: “TopSport has built a reputation for excellent customer service and strong risk management, while BlueBet brings technological innovation and marketing expertise. The combined entity addresses different segments of the market while creating operational efficiencies.”

The transaction is expected to deliver significant synergies, with BlueBet projecting cost savings of approximately AUD 9 million through the rapid migration of TopSport’s operations to BlueBet’s proprietary platform. These efficiencies are anticipated to contribute to earnings per share accretion exceeding 30% in the 2026-2027 financial year.

Deal Structure and Financing

The AUD 15 million transaction was structured with careful attention to both immediate costs and long-term performance incentives:

• Upfront payment of AUD 10 million (70% cash, 30% BlueBet shares at AUD 0.34 per share)
• Potential earn-out payments of up to AUD 5 million based on performance metrics over the next two years
• Final completion payment of AUD 1.52 million in cash and approximately 8.8 million shares

To finance the acquisition, BlueBet successfully completed an institutional placement in February 2025, raising AUD 15 million at AUD 0.34 per share. The placement was oversubscribed, reflecting strong investor confidence in the company’s consolidation strategy.

Leadership Integration and Cultural Fit

A significant aspect of the deal involves the integration of key TopSport talent into BlueBet’s executive team. Most notably, TopSport’s CEO and founder Tristan Merlehan has joined BlueBet as Chief Trading Officer, bringing his extensive experience in risk management and trading operations.

“Tristan’s expertise in trading and risk management is renowned in the industry,” noted BlueBet Chairman Michael Sullivan. “Having him join our leadership team dramatically strengthens our capabilities in a critical area of the business.”

Merlehan expressed enthusiasm about the cultural alignment between the organizations: “Both companies share a passion for creating premium betting experiences and have built reputations for putting customers first. The cultural fit was as important as the business case when we considered this partnership.”

Market Context and Regulatory Environment

The acquisition occurs against a backdrop of significant regulatory changes in Australia’s gambling industry. In 2023, the government banned credit card betting to address concerns about gambling-related harm, forcing operators to adapt their payment systems and customer acquisition strategies.

These regulatory shifts have accelerated consolidation in the market, with larger operators seeking scale and efficiency to offset increasing compliance costs and marketing restrictions.

BlueBet now competes more directly with market leader Sportsbet, which reported turnover of approximately AUD 2.7 billion last year, and other significant players including PointsBet, which handled around AUD 550 million in bets during the same period.

“Scale is becoming essential in this market,” explained gambling industry consultant Michael Davidson. “Regulatory compliance costs are rising, advertising restrictions are tightening, and technology investments are substantial. Mid-sized operators like BlueBet need to consolidate to remain competitive against the resources of global players.”

Future Growth and Acquisition Strategy

The completion of the TopSport deal does not appear to be the end of BlueBet’s expansion ambitions. The company has publicly confirmed ongoing discussions regarding a potential acquisition of PointsBet’s Australian operations, despite competing interest from Japanese gaming company Mixi.

BlueBet CEO James Salteri described the ongoing discussions with PointsBet as “overwhelmingly positive” during a recent investor call, signaling the company’s determination to further consolidate its market position.

“We’ve developed a repeatable M&A model that allows us to identify compatible businesses, integrate them efficiently, and create value for shareholders,” Salteri explained. “Our platform architecture was designed specifically to absorb additional operations with minimal disruption.”

Industry observers note that further consolidation appears inevitable as regulatory pressures increase and competition intensifies. With the success of the TopSport integration likely to influence market confidence, BlueBet’s next moves will be watched closely by competitors and investors alike.

The Australian online sports betting market continues to evolve rapidly, with technology innovation, regulatory compliance, and scale economies driving strategic decisions across the sector. BlueBet’s successful completion of the TopSport acquisition positions the company as a key player in this dynamic landscape, with potential for further growth through both organic expansion and additional strategic acquisitions.

Sources:

• ASX Announcement
• Sharecafe
• SmallCaps
• FinNewsNetwork
• Expert Market Research
• Custom Market Insights
• Gaming Intelligence

The post BlueBet Completes TopSport Acquisition in Key Australian Market Consolidation appeared first on Business2Community.

The legislation, presented on March 20, 2025, proposes a new licensing system for online gambling that would allow private operators to enter the Finnish market by 2027, while maintaining Veikkaus’s exclusive control over certain gambling sectors.

Key Takeaways

• Finland proposes ending Veikkaus’s monopoly on online sports betting and casino games by January 2027
• Private operators could begin applying for licenses in January 2026
• Veikkaus will retain exclusive rights to lotteries, scratch cards, land-based slots, and physical casinos
• A new dedicated gambling regulatory authority will be established by 2026
• The reform aims to address the 50% market leakage to offshore operators

Dual System Maintains Partial Monopoly

The proposed legislation outlines a carefully balanced dual system that partially dismantles Finland’s long-standing gambling monopoly.

Under the new framework, Veikkaus would retain exclusive rights to operate lotteries, scratch cards, land-based slot machines, and physical casinos across Finland. However, the lucrative online sports betting and digital casino games sectors would be opened to competition through a licensing model.

“This reform represents a balanced approach that acknowledges market realities while preserving important aspects of our traditional system,” said Mari Rantanen, Finland’s Minister of the Interior, during the bill’s presentation. “Our goal is to create a regulatory solution that effectively combats gambling harms while recognizing that gambling companies want to enter our market legally.”

Private operators could begin applying for licenses as early as January 2026, with the reformed market officially launching in January 2027. This timeline provides a transition period for both Veikkaus and international operators to adapt to the new competitive landscape.

Finland’s approach mirrors similar reforms previously implemented by Nordic neighbors Sweden and Denmark, which successfully transitioned from monopoly systems to regulated competitive markets in 2019 and 2012, respectively.

New Regulatory Authority Planned

A cornerstone of the reform is establishing a new dedicated regulatory authority to oversee the transformed gambling market. This agency, expected to be operational by 2026, will assume responsibilities from the current regulator, the National Police Board.

The new authority’s mandate will include:

• Processing and evaluating license applications from private operators
• Enforcing compliance with marketing regulations and technical standards
• Conducting regular audits of licensed platforms
• Implementing and monitoring consumer protection measures
• Taking enforcement actions against unlicensed operators targeting Finnish players

Industry experts note that creating a specialized regulatory body signals Finland’s commitment to developing sophisticated oversight mechanisms tailored specifically to gambling activities, rather than treating gambling regulation as a subset of broader police functions.

Comprehensive Player Protection Framework

The legislation emphasizes responsible gambling through several mandatory requirements that will apply to all licensed operators:

• Rigorous age verification across all gambling services
• A unified self-exclusion system spanning all licensed operators
• Real-time loss tracking mechanisms visible to players during sessions
• Mandatory personal financial limit-setting options
• Proactive monitoring for problem gambling behaviors with intervention protocols

These measures represent some of the most comprehensive player protection requirements in Europe, suggesting that Finland intends to position itself at the forefront of responsible gambling regulation.

“The reform prioritizes harm reduction above all else,” explained Johanna Koskinen, gambling policy advisor at the Ministry of the Interior. “By channeling players into a regulated environment with robust protections, we can better monitor gambling behaviors and intervene when necessary, which is virtually impossible with offshore operators.”

Strict Advertising Restrictions

The bill introduces particularly stringent controls on gambling advertising, reflecting ongoing concerns about gambling promotion’s impact on vulnerable populations:

• Complete ban on influencer marketing for gambling products
• Prohibition of outdoor advertising for high-risk games like online slots
• No gambling advertisements permitted near schools or youth facilities
• Significant restrictions on promotional content and targeting techniques
• Limited advertising windows during broadcast hours

Despite these restrictions, sports sponsorships will remain permitted, providing an important revenue stream for Finnish sports organizations that have historically benefited from gambling-related funding.

Addressing Market Leakage

A primary driver for the reform is the significant “leakage” of gambling activity to offshore operators. The Finnish Competition and Consumer Authority estimates that approximately 50% of Finnish online gambling expenditure currently flows to foreign-based platforms operating outside Finnish regulation.

This substantial market leakage represents not only lost tax revenue but also diminished player protections, as Finns gambling on unregulated sites lack access to the consumer safeguards that would be mandatory under Finnish law.

“The current system has created a paradoxical situation where our monopoly model, intended to protect consumers, has instead driven half the market into unregulated spaces,” noted Pekka Virtanen, gambling researcher at the University of Helsinki. “This reform acknowledges that reality and attempts to bring those players back under Finnish oversight.”

Economic Implications

While the primary focus of the legislation remains consumer protection, the reform also has significant economic dimensions.

The new system is expected to generate revenue through multiple channels:

• Corporate taxation of newly licensed private operators
• Licensing fees for market entry and ongoing operations
• Continued dividends from Veikkaus’s remaining monopoly sectors

Government analysis suggests that the reformed market could potentially increase total gambling tax revenue by 15-20% once fully implemented, though officials emphasize that financial considerations were secondary to regulatory goals in designing the system.

Legislative Process and Timeline

The bill will now proceed through parliamentary review, including examination by various committees focused on economics, legal affairs, and social and health issues. While some modifications are expected during this process, there appears to be broad political consensus on the need for reform across party lines.

The legislative timeline includes:

• Committee reviews: April-September 2025
• Possible amendments: September-October 2025
• Final parliamentary vote: Anticipated by November 2025
• Regulatory implementation: Throughout 2026
• Market opening: January 1, 2027

International Reactions and Context

Malta, a major hub for online gaming companies serving Finnish players without local licenses, has expressed concerns about Finland’s regulatory shift.

The Mediterranean nation submitted a detailed opinion through EU channels that delayed the notification process by a month, highlighting the economic stakes for jurisdictions that host operators targeting the Finnish market.

Industry analysts note that Malta’s intervention reflects broader tensions surrounding gambling regulation within the European Union. Member states increasingly assert national control over gambling policy while Malta and other gaming hubs seek to preserve cross-border service provision.

Despite these tensions, Finland’s reform aligns with broader European trends. Numerous EU member states, including the Netherlands, Germany, and Sweden, have transitioned from monopoly systems to licensing models in recent years.

Future Outlook

As the bill progresses through Parliament, several key questions remain about Finland’s gambling future:

• How many operators will seek Finnish licenses, given the strict regulatory requirements?
• Will the channelization goals be achieved, or will significant offshore activity persist?
• How will Veikkaus adapt its business model to compete in the liberalized online segments?
• Will the reform actually reduce problem gambling rates as intended?

What is clear is that Finland’s gambling reform represents the most significant overhaul of the country’s gambling framework in its history.

By dismantling Veikkaus’s monopoly on online betting and casino games while maintaining its exclusive rights in other sectors, Finland aims to create a balanced system that enhances consumer protection, increases tax revenue, and aligns with EU market practices.

“This is not about creating a free-for-all gambling market,” concluded Minister Rantanen. “Rather, it’s about acknowledging current realities and building a sustainable regulatory system that works for Finnish society in the 21st century.”

Sources

1. iGaming Business: Finland gambling reform bill enters Parliament
2. Gambling Insider: Finland submits bill to end gambling monopoly
3. Times of Malta: Finland gambling reform delayed as Malta submits detailed opinion

The post Finland Submits Bill to End Gambling Monopoly appeared first on Business2Community.

The company showcased its next-generation Galaxy Operating System (GOS) Sapphire and a suite of new table games, reinforcing its position as a pioneer in blending physical and digital gaming experiences.

Key Takeaways

• Galaxy Gaming debuts GOS Sapphire system with Dynamic Progressive technology that can multiply payouts up to 10x
• New game releases include Busted!, Blackjack Squeeze, Triple Luck®, and Enhanced EZ Baccarat®
• Digital gaming expansion continues with 3.5 billion online wagers processed in 2024
• Strategic partnerships with IGT PlayDigital and Pragmatic Play extend Galaxy’s digital reach
• Casinos report 20-30% increases in player participation on games with linked jackpots

Revolutionizing Casino Floors with GOS Sapphire

At the heart of Galaxy’s showcase was the GOS Sapphire, a state-of-the-art game management system designed to elevate player engagement and operational efficiency. Key features include:

Dynamic Progressive: A first-of-its-kind system that randomly multiplies payouts by up to 10x during gameplay, injecting unpredictability and excitement into popular games like 21+3® and Lucky Ladies®.

Nebula LED Sensors: Vibrant, multi-colored sensors instantly register bets via RFID chips, streamlining dealer workflows and enhancing visual appeal.

Digital Tracking & Analytics: Real-time data collection on player behavior, jackpot performance, and table limits, accessible through an intuitive dashboard.

Customizable TableVisions: Interactive screens allow operators to tailor branding, min/max bet displays, and promotional content.

“GOS Sapphire is the jewel of the casino floor,” said Matt Reback, CEO of Galaxy Gaming. “It combines our proven games with electrifying technology to deliver unmatched player experiences and operator ROI.”

New Game Releases: Amplifying Player Excitement

Galaxy debuted several games at IGA 2025, including:

1. Busted!: A high-energy blackjack variant where players compete to avoid “busting” while chasing progressive jackpots.
2. Blackjack Squeeze: Enhances traditional blackjack with side bets and suspenseful card reveals.
3. Triple Luck®: A three-card poker game with tiered multipliers tied to the GOS Sapphire’s Dynamic Progressive system.
4. Enhanced EZ Baccarat®: Now integrated with Golden Talons® and Divine 9 side bets at no extra cost—a first in the industry.

These titles join Galaxy’s extensive portfolio, which includes classics like Heads Up Hold’em® and High Card Flush®.

Digital Expansion & Strategic Partnerships

Galaxy Gaming continues to dominate the online gaming sector, with its digital titles accounting for 3.5 billion wagers in 2024. Recent milestones include:

• IGT PlayDigital Partnership: A five-year licensing deal to integrate Galaxy’s table games into IGT’s online platforms.
• Pragmatic Play Extension: Renewed collaboration to expand Galaxy’s content across Pragmatic’s Live Casino and RNG offerings.

“Our omnichannel approach ensures players enjoy seamless experiences, whether they’re at a physical table or online,” Reback emphasized.

Industry Impact & Customer Testimonials

Galaxy’s innovations are already transforming casino floors:

• Multi-Linked Progressives: Casinos report 20-30% increases in player participation on games like Bonus Craps and Cajun Stud with linked jackpots.
• Tribal Casino Adoption: Over 40 tribal casinos in the U.S. have adopted GOS Sapphire, citing its ease of use and player appeal.

“Galaxy’s progressives have electrified our pit,” said a Table Games Director at a Midwestern casino. “Guests love the chance to win big from a $1 side bet, and the support team ensures seamless integration.”

Looking Ahead

With 131 global licenses and a presence in 28 U.S. states, Galaxy Gaming is poised to lead the industry’s tech-driven evolution. The company plans to expand its live dealer integrations and AI-driven personalization tools in 2025, further bridging the gap between land-based and online gaming.

Sources

• Galaxy Gaming Press Releases
• Marketscreener: IGA 2025 Coverage
• Yogonet: IGT Partnership Announcement

The post Galaxy Gaming Showcases Cutting-Edge Table Game Technologies at IGA 2025 appeared first on Business2Community.

Key Takeaways:

• The CFTC has initiated a 90-day review of Crypto.com’s sports contracts, questioning their legitimacy
• Robinhood was forced to suspend Super Bowl event contracts just one day after launch
• A legal battle continues over political event contracts, with Kalshi winning a temporary victory in court
• Industry platforms argue these are legitimate derivatives while critics call them gambling in disguise
• Regulatory decisions in 2025 will likely determine if event contracts become mainstream or remain restricted

CFTC Intensifies Scrutiny of Sports and Election Betting

The Commodity Futures Trading Commission kicked off 2025 with aggressive regulatory action, initiating a 90-day review of Crypto.com’s sports contracts in January. The review focuses on whether these products qualify as “gaming” under the Commodity Exchange Act (CEA) – a classification that would make them illegal on regulated exchanges.

Despite the CFTC’s request to suspend trading during the review period, Crypto.com has refused, maintaining that its contracts are legally compliant derivatives. The exchange argues that these products serve legitimate market purposes by providing price discovery and hedging opportunities.

Kalshi, another platform offering similar contracts, is also under CFTC scrutiny, particularly for its Super Bowl-related offerings. The company has been battling regulators since 2023 over the legality of its event contracts.

“These products raise fundamental questions about the boundaries between regulated derivatives and illegal gaming,” said CFTC Commissioner Christy Goldsmith Romero in a February statement. “We need to ensure these platforms aren’t simply creating a federally-sanctioned gambling market.”

Robinhood’s Super Bowl Contracts: Here Today, Gone Tomorrow

In what industry observers describe as a cautionary tale, Robinhood launched Super Bowl event contracts in February 2025 but was forced to suspend them within just 24 hours after CFTC intervention.

The popular trading platform had promoted the contracts as an exciting new way for customers to engage with the big game, allowing users to bet on outcomes such as which team would score first or whether the coin toss would be heads or tails.

“We’re disappointed to announce the temporary suspension of our Super Bowl contracts while we work with regulators,” Robinhood stated in a customer notification. “We believe these products provide valuable market-based pricing of real-world probabilities and meet all regulatory requirements.”

The CFTC expressed concerns that Robinhood’s contracts blurred the line between financial markets and gambling, potentially violating the CEA’s prohibition on “gaming” contracts. This rapid intervention signals the regulator’s determination to assert control over this emerging market.

The Political Betting Battleground

Perhaps the most contentious area involves political event contracts, which allow betting on election outcomes. Kalshi has been at the forefront of this battle, fighting the CFTC’s attempt to ban its political contracts.

In October 2024, Kalshi secured a significant legal victory when the D.C. Circuit Court of Appeals allowed the company to resume trading these contracts, rejecting the CFTC’s argument that they involved “gaming” or unlawful activity.

“The court recognized that our political event contracts serve valuable economic purposes by providing transparent, market-based pricing of election probabilities,” said Tarek Mansour, CEO of Kalshi. “These products help businesses hedge political risk and provide more accurate forecasts than traditional polling.”

However, the CFTC has appealed this decision, with the case still pending as of March 2025. The outcome could set a crucial precedent for the future of event contracts in the United States.

Industry Defense: More Than Just Betting

Platforms offering event contracts have mounted a vigorous defense of their products, arguing that they represent legitimate financial instruments rather than disguised gambling.

“Our contracts are properly regulated derivatives that serve genuine economic purposes,” said Kris Marszalek, CEO of Crypto.com, in a statement responding to the CFTC review. “They provide price discovery, hedging opportunities, and access to markets that have traditionally been dominated by insiders and professional forecasters.”

Supporters point to several factors distinguishing these products from traditional gambling:

1. Market-based pricing: Unlike fixed-odds betting, prices fluctuate based on market activity, providing valuable real-time probability assessments.
2. Regulatory oversight: These contracts trade on platforms registered with and regulated by the CFTC, subject to federal market surveillance and customer protection rules.
3. Hedging applications: Businesses can use these markets to hedge against event-related risks, such as companies sponsoring sporting events or those affected by election outcomes.
4. Democratization of finance: These products give retail investors access to markets previously dominated by sophisticated institutional players.

“We’re seeing growing demand from retail traders who want exposure to real-world events through regulated, transparent markets,” explained Thomas Peterffy, Chairman of Interactive Brokers, which has expressed interest in offering event contracts. “This represents the next wave in the democratization of financial markets.”

Critics Warn of “Backdoor Gambling”

Despite industry arguments, critics maintain that event contracts fundamentally constitute gambling and pose significant risks to market integrity and consumer protection.

Former CFTC Chair Rostin Behnam has been among the most vocal opponents, warning that these contracts blur crucial lines between financial trading and gambling. “When everyday Americans can bet on whether a football team will win or lose through a federally regulated exchange, we risk undermining public trust in both our markets and our regulatory framework,” Behnam stated before leaving office.

Better Markets, a financial reform advocacy group, has labeled these contracts a “backdoor to gambling” and called for immediate suspension of all sports event contracts until the CFTC completes its evaluation.

“These products lack legitimate economic purpose and strain the CFTC’s resources at a time when the agency should be focused on systemic risks in the derivatives markets,” said Dennis Kelleher, President of Better Markets. “They represent a concerning attempt to federalize sports betting under the guise of derivatives trading.”

Critics also highlight several specific concerns:

1. Market manipulation risks: Participants directly involved in events (athletes, coaches, officials) could potentially trade with inside information or even influence outcomes.
2. Regulatory arbitrage: Platforms may be exploiting gaps between federal derivatives regulation and state gambling laws to offer what amounts to sports betting without proper gambling licenses.
3. Consumer protection issues: Retail traders may not fully understand the risks of these products or how they differ from traditional investments.
4. Mission creep: The CFTC’s resources could be diverted from monitoring systemically important markets to regulating what are effectively entertainment products.

The Legal Battleground

The regulatory debate centers on the CFTC’s authority under Section 5c(c)(5)(C) of the Commodity Exchange Act and CFTC Regulation 40.11, which allow the agency to prohibit contracts involving “gaming” or other activities deemed contrary to the public interest.

The CFTC has historically treated sports betting as off-limits for regulated exchanges. However, platforms like Kalshi and Crypto.com are testing these boundaries by self-certifying their contracts as compliant with federal regulations.

The D.C. Circuit’s October 2024 decision in KalshiEx v. CFTC marked a significant victory for event contract platforms. The court ruled that political event contracts did not “involve” gaming or unlawful activity, challenging the CFTC’s expansive interpretation of its authority.

Judge Patricia Millett wrote in the majority opinion: “Nothing in the text of the CEA suggests that Congress intended to prohibit all contracts that might resemble gambling to some observers. The Commission’s interpretation would give it virtually unlimited authority to ban contracts based on subjective determinations of what constitutes ‘gaming.'”

This ruling has emboldened other platforms to enter the market, despite ongoing regulatory uncertainty. Legal experts suggest the ultimate resolution may require congressional intervention.

“The CFTC has attempted to establish clearer criteria for event contracts through rulemaking but has been unable to finalize a rule,” explained Katherine Cooper, a financial regulatory attorney. “Congress may need to step in and set explicit legal boundaries if the courts continue to rule against the CFTC.”

Market Outlook: Growth Amid Uncertainty

Despite regulatory headwinds, the global event contracts market is projected to grow significantly, driven by increasing consumer demand and technological advancements.

“We’re seeing tremendous interest from retail traders who want to express their views on real-world events through regulated markets,” said Adam White, President of Bakkt, a digital asset marketplace exploring event contracts. “These products bridge the gap between traditional financial markets and the events people care about in their daily lives.”

Industry analysts predict that a potential wave of deregulation under the Trump administration could further boost this sector, though regulatory uncertainty remains the biggest obstacle to widespread adoption.

“The market potential is enormous, but platforms need regulatory clarity before making significant investments,” explained David Schwartz, fintech analyst at Morgan Stanley. “If the CFTC provides a clear framework for compliant event contracts, we could see rapid market expansion, particularly in sports and entertainment verticals.”

Conclusion: The Future of Event Contracts Hangs in Balance

Event contracts stand at a crucial regulatory crossroads in 2025.

While platforms like Kalshi and Crypto.com push for broader acceptance of these products as legitimate financial instruments, the CFTC and other stakeholders remain wary of their potential risks and similarity to traditional gambling.

The outcome of ongoing legal battles and regulatory reviews will likely determine whether event contracts become mainstream financial products or remain restricted under traditional gambling frameworks. This decision will have profound implications not just for the platforms offering these contracts, but for the broader boundaries between financial markets and gambling in the digital age.

As Commodity Futures Law Reporter senior analyst James Miller noted: “What we’re witnessing is a fundamental debate about the definition of derivatives themselves. Are markets that allow betting on sports scores or election outcomes serving genuine economic purposes, or are they simply gambling with a veneer of financial sophistication? The answer will shape financial regulation for decades to come.”

Sources:

1. Commodity Futures Trading Commission (CFTC). “Statement on Review of Sports Event Contracts.” January 2025.
2. U.S. Court of Appeals for the D.C. Circuit. “KalshiEx LLC v. Commodity Futures Trading Commission.” October 2024.
3. Better Markets. “Report on Event Contracts: Backdoor Gambling in Financial Markets.” February 2025.
4. Wall Street Journal. “Robinhood Suspends Super Bowl Contracts After Regulatory Intervention.” February 2025.

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The operation, conducted on March 5, 2025, followed a shooting in the establishment’s parking lot that injured the arcade’s manager.

Key Takeaways:

• CMPD seized 106 illegal gambling machines, three payment kiosks, and over $12,000 in cash
• The raid followed a shooting that injured the arcade manager, Ibrahim Durra
• Police have identified approximately 60 similar illegal gambling operations across Charlotte
• These establishments are linked to increased violent crime in vulnerable neighborhoods
• North Carolina’s “game of skill” loophole creates enforcement challenges for authorities
• The bust is part of a larger campaign targeting illegal gaming venues across the city

From Shooting Investigation to Gambling Bust

What began as an investigation into a violent crime quickly transformed into a major gambling bust. CMPD officers initially arrived at “The Arcade,” located at 2501 West Boulevard, with a search warrant following the shooting of Ibrahim Durra, the venue’s manager. Durra sustained non-life-threatening injuries in what appeared to be an attempted robbery as he arrived to open the business on March 4.

“Officers originally entered the premises hoping to retrieve security footage of the shooting,” said Captain James Wilson of CMPD’s Alcoholic Beverage Control Unit. “Instead, they discovered an extensive illegal gambling operation.”

Inside the facility, officers found an array of prohibited gaming equipment, including fish table games and slot machines, alongside three payment redemption kiosks. Cash was also discovered stashed in various locations throughout the building. Officers also seized a firearm during the raid.

“The scale of this operation was substantial,” noted Detective Sarah Johnson, who participated in the raid. “This wasn’t just a couple of machines in the back room—this was an organized illegal gambling enterprise operating in plain sight.”

The Shooting That Triggered the Investigation

The events leading to the raid began with violence. According to police reports, Ibrahim Durra arrived at “The Arcade” around 9:30 a.m. on March 4 to open the business when he was confronted by an armed individual. During what police describe as an attempted robbery, Durra was shot.

“Mr. Durra was initially cooperative as a victim in our shooting investigation,” explained CMPD spokesperson Officer Marcus Torres. “However, his status as manager of an establishment engaged in illegal gambling activities has complicated matters.”

Durra was transported to Atrium Health Carolinas Medical Center with non-life-threatening injuries. Police have not yet identified or apprehended the shooter, and the investigation into the incident continues alongside the gambling case.

“We’re exploring whether the attempted robbery was directly related to the illegal gambling operation,” Torres added. “These establishments often deal in large amounts of cash, making them targets for criminal activity.”

Part of Larger Crackdown

This raid represents one component of CMPD’s intensified efforts to combat illegal gambling establishments across Charlotte. Law enforcement officials have identified approximately 60 similar businesses operating throughout the city, many under the guise of “skill arcades” or “fish game parlors.”

“These establishments are not just violating gambling laws – they’re magnets for violent crime and exploitative behavior,” said Wilson. “We’ve documented numerous cases of armed robberies, assaults, and other serious offenses connected to these locations.”

The West Boulevard facility is the third such establishment raided by CMPD in recent months, following similar operations on Freedom Drive and Albemarle Road last September that yielded dozens of machines and thousands in cash.

“We’re sending a clear message that Charlotte will not tolerate these illegal operations,” said Police Chief Rebecca Martinez in a statement following the raid. “Our department is committed to dismantling these venues wherever we find them.”

The multi-agency effort involved not only CMPD’s ABC Unit but also support from the department’s Vice and Street Crimes units, reflecting the seriousness with which authorities are treating these operations.

Legal Gray Area

North Carolina law prohibits cash payouts for gaming machines unless they qualify as “games of skill” – a distinction that has created significant legal ambiguity. Many operators exploit this loophole by claiming their machines meet the skill-based criteria.

State Representative Harry Warren has made multiple attempts to introduce legislation clarifying the definitions of “skill” versus “chance” in gaming machines, but these efforts have stalled amid opposition from industry stakeholders.

“The current legal framework makes enforcement challenging,” said District Attorney Michael Barnes. “These operators know exactly how to navigate the gray areas in our laws.”

Legal experts note that machine manufacturers often make minor modifications to games in attempts to qualify them as skill-based. Despite these efforts, courts have generally sided with law enforcement in defining most fish games and similar machines as illegal gambling devices.

“It becomes a cat-and-mouse game,” explained Barnes. “As soon as one type of machine is clearly defined as illegal, operators switch to slightly modified versions claiming they now meet the skill requirement.”

Police say many establishments like “The Arcade” attempt to further mask their true nature by maintaining a front of legitimate arcade entertainment while primarily focusing on the more lucrative illegal gambling operations.

Exploitation of Vulnerable Communities

CMPD officials emphasized that illegal gambling venues particularly affect vulnerable neighborhoods. “These places target low-income communities,” said community liaison officer Tanya Rodriguez. “We’ve seen countless cases where people lose rent money or grocery funds to these machines.”

According to police reports, arcade owners have been documented withholding winnings from customers or threatening them to prevent reporting incidents to authorities. This exploitation compounds the existing financial vulnerability of many patrons.

“What makes this particularly troubling is the predatory nature of these operations,” explained Dr. Marcus Jenkins, a local addiction specialist. “These machines are designed using the same psychological principles as casino gambling, creating the same potential for addiction, but without any of the regulatory oversight or consumer protections.”

Community advocates point out that these establishments often cluster in neighborhoods already struggling with economic challenges. A 2024 study by the Charlotte Urban Institute found that 80% of identified illegal gambling venues were located in census tracts with median household incomes below the city average.

Impact on Community Development

The West Boulevard corridor, where “The Arcade” is located, has been the focus of multi-million-dollar redevelopment efforts aimed at revitalizing the historically marginalized area. Community leaders have expressed concern that establishments like “The Arcade” undermine these initiatives by attracting criminal activity.

“We’ve been working for years to bring positive economic development to West Boulevard,” said Jamal Washington, president of the West Boulevard Neighborhood Coalition. “These illegal gambling operations undo that progress by fostering crime and siphoning money from the community.”

City Council member Denise Morris, who represents the district that includes West Boulevard, expressed support for CMPD’s enforcement efforts. “These businesses aren’t contributing positively to our communities. They don’t create meaningful jobs, they don’t support neighborhood revitalization, and they often operate in violation of multiple city codes.”

Beyond the gambling violations, authorities noted that many such establishments also fail to comply with building codes, zoning regulations, and tax requirements. These additional infractions further disadvantage law-abiding businesses attempting to operate in the same areas.

Looking Forward: Legal Proceedings and Prevention

While charges against Durra and other employees remain under consideration, CMPD continues to investigate the shooting that led to the arcade raid. Officials have not yet determined whether the attempted robbery was directly connected to the gambling operation.

Under North Carolina law, operating an illegal gambling house can result in misdemeanor or felony charges depending on the scale of operations. The possession and use of illegal gaming machines carry significant legal consequences, including potential prison time for repeat offenders.

“Every illegal gambling venue we shut down represents progress toward safer neighborhoods,” said Wilson. “This isn’t just about enforcing gambling laws – it’s about protecting communities from exploitation and violence.”

City officials are also exploring additional measures to address the proliferation of these establishments, including stricter zoning laws and enhanced penalties for property owners who lease to illegal gambling operations.

For now, the 106 confiscated machines and associated equipment will remain in police custody as evidence as the case moves through the legal system. CMPD has indicated that this raid is just one component of their ongoing campaign against illegal gambling in Charlotte.

“We understand that shutting down one location doesn’t solve the overall problem,” concluded Chief Martinez. “But each successful enforcement action brings us one step closer to eliminating these harmful operations from our communities.”

The post North Carolina Police Seize 106 Illegal Gambling Machines in Charlotte Arcade Raid appeared first on Business2Community.

In this guide, we review the best crypto lottery sites available in 2025, highlight the perks, and outline the steps to enter a Bitcoin lottery today. While Lucky Block is the best all-around option, there are many other great platforms to check out.

Some crypto games also let you earn free Bitcoin, while some also offer the best crypto airdrops so be sure to check out our detailed guide for more information on how you can start earning free BTC today.

A Closer Look at the Best Crypto Lotteries

As you can see from the list above, a broad selection of cryptocurrency lottery platforms is available to choose from, ensuring you can find one that suits your playing style and financial situation. So, without further ado, let’s dive in and review the best crypto prize draw and lottery sites to be aware of in 2025:

1. Lucky Block – The Best Crypto Lottery Site Overall

Lucky Block leads the way when it comes to crypto giveaways and NFT giveaways. Hosted on the Binance Smart Chain (BSC), Lucky Block’s platform is entirely decentralized and designed with fairness and transparency in mind. During its launch, it quickly hosted one of the best crypto presales of the year.

The primary function of the Lucky Block platform is to facilitate daily crypto prize draws, which users can enter by completing challenges through the Lucky Block app or referring friends to the platform.

Tickets previously cost $5 and are purchasable using LBLOCK – Lucky Block’s native token. However, users who already hold LBLOCK in their crypto wallet can earn free crypto gaming tickets simply for connecting their wallet to the platform, and holders of a Lucky Block NFT earn free entry into a separate NFT lottery.

The reason that Lucky Block is ideal for the best play to earn games is that the winner of each daily prize draw is decided at random using Chainlink’s respected VRF service. The prize pool for daily jackpots is funded through ticket sales and the 12% tax charged whenever an investor sells their LBLOCK holdings. This means that the more people who purchase tickets and enter daily draws, the larger the jackpot.

Another significant aspect of the Lucky Block platform is that 10% of each jackpot will go to charity. Lucky Block’s users can choose between four potential recipients, with the cause receiving the highest number of votes obtaining 70% of the allocated charity amount. This means the remaining three enterprises will still receive 10% of the amount each.

Lucky Block’s prize draws went live in 2022, which was great news for holders of Lucky Block NFTs since they now have two opportunities every day to win a prize. Join Lucky Block’s Telegram group to stay up to date on the latest Lucky Block news.

Any time you visit the ‘Jackpot’ section on the Lucky Block website, you will see the current jackpot pools, their top prizes, and the time left before the draw takes place. At the time of writing this Lucky Block review, there was a daily pool of $200, a $50,000 USDT Rolex pool, and a $300,000 USDT Lamborghini pool.

Players can earn tickets by completing missions or referring friends to the platform. Users also vote on which charity should receive Lucky Block’s charitable donation since 10% of each prize pool goes to good causes. Notably, users must vote in this poll to be able to claim any prizes they might win.

2. Mega Dice – Best Online Lottery Cryptocurrency Site for Keno

Mega Dice has an enticing welcome bonus that promises a 200% bonus up to 1 BTC and 50 free spins on Wanted Dead or a Wild slot game. It is a crypto casino that offers a Keno game and also accepts cards, bank transfers, and smartphone payment services like Google or Apple Pay. They also have a reload bonus available each week and up to 150 free spins on a new game every week too.

Mega Dice is a casino and sportsbook that offers thousands of games and over 30 different sports. One of those games in Keno, provided by Spribe, this game involves choosing up to 10 different numbers from a collection of 36, you can choose them yourself by clicking each one you’d like or click random to have them selected for you.

Set a stake of between $0.1 and $100, then click bet. The lottery then starts with random numbers drawn and you can start winning a return on your stake when at least three of the numbers you pick, match those drawn. The more you match the more you can win.

The rest of their library is mainly slot games with variations provided by a huge mix of developers. The huge collection provides an opportunity for a wide range of themes and bonus features among these slot machines. They come from the likes of Red Tiger Gaming, Push Gaming, and Foxium to show the range of creative houses used.

Traditional table games are available in the live casino and emulator versions. There are plenty of fun variations that live dealers host. You should also check out their game show-style games from Evolution Gaming. It offers fun options from Monopoly, Gonzo’s Treasure Hunt, and Crazy Coin Flip.

You can join this casino with just an email address, a username, and a password. If you’re joining from the US, you have to use a VPN. There is also no need to complete a KYC protocol when you want to withdraw your winnings. It’s even possible to sign up and chat anonymously using Telegram.

3. TG.Casino – Most User-Friendly Bitcoin Lottery Site

TG.Casino is a relatively new offering, launching in 2023. Despite its young age, it quickly established itself as one of the leading crypto casinos and takes our second spot for the best crypto lottery site.

Operating through the Telegram instant messaging app, users can easily access the site. Many cryptocurrencies are available for deposits and withdrawals, including most major blockchains like Bitcoin and Ethereum. When cashing out, withdrawals process instantly, giving players fast cash when they want to take out any of their winnings.

The sheer range of games on offer, however, is what makes TG.Casino stands out from the rest of its competitors. As well as a huge range of slots and a sportsbook, there are plenty of lottery games for players to bet on. This includes traditional lotteries, keno games, and even live gameshows with lottery elements, providing a massive range of options.

It also sometimes runs crypto raffles and provides random airdrops for participating users. There’s a huge welcome bonus for new players, up to 10 ETH and 50 free spins. This is a massive boost for any bankroll, which is why it’s one of the best places for crypto lotteries. You can learn more about this casino in our TG.Casino review.

4. BC.Game – Licensed Crypto Casino with a Lottery

BC.Game is a well-known crypto casino where players can gamble in Bitcoin, Ethereum, or 110+ other cryptocurrencies. As a result, BC.Game is also one of the best Solana gambling sites out there. Unlike many online casino sites though, they also have a lottery, which is relatively unique.

Players buy tickets on this crypto betting site for as little as ten cents (or the equivalent in crypto). A provably fair algorithm then draws the lottery prizes at 15:00 UTC daily. Ticket sales stop five minutes before that.

Players choose six numbers for each ticket, the first five being from 1 to 36, and the last one from 1 to 10.

Each lottery draw then is six numbers – the more number entrants match, the larger their prize winnings. Matching all six wins a $100,000 prize, and prizes can also be as low as $1 for matching three of the first five numbers.

Players receive a free ticket to the next lottery draw if they miss all six numbers, which is a nice touch.

5. PoolTogether – Best Online Lotto Site for Free Jackpot Entry

Another option if you’re wondering where to play the online lottery is PoolTogether. The first thing to note is that PoolTogether doesn’t function like most of the best crypto games. Instead, the platform offers a savings protocol based on premium bonds and daily draws for exciting prizes.

The prizes on offer are funded through the interest on users’ deposits, with over $5 million in prizes being distributed since the platform’s inception. There is no need to purchase tickets for PoolTogether’s draws, as all depositors get automatic entry. This means there’s scope to earn free crypto prizes whilst generating interest payments.

Like Lucky Block, PoolTogether chooses winners using the Chainlink VRF. This ensures that winners are verifiably random – with the largest jackpot so far being an impressive $40,000.

6. Lottoland – Bitcoin Lotto Draws with 1,000 BTC Jackpots

If you’re looking for where to buy crypto lotto tickets, then Lottoland is also worth considering. Lottoland is one of the best crypto lottery sites on our list because the platform offers a vast array of lottos to take part in. For US-based users, these include the MegaMillions and PowerBall draws, two of the most popular lotteries in the country.

Those who invest in cryptocurrency will also enjoy the Lottoland platform, as it offers a ‘Bitcoin Lotto’ feature. Jackpots start at 1,000 BTC, which equates to over $38 million at the time of writing.

The Bitcoin Lotto feature offers a 1-in-7 chance of winning, with the ticket-purchasing process being entirely digital. The great thing is that you do not need to have prior experience in the cryptocurrency market to participate in these games, as the Lottoland team has the resources to help you set up a crypto wallet and participate in prize draws.

7. Quanta – High-Security Crypto Lottery Platform on Ethereum Blockchain

Quanta claims to be the world’s first fully licensed blockchain lottery, offering an array of digital services and lottery platform solutions. Hosted on the Ethereum blockchain, Quanta has operations in countries worldwide and employs RNG to determine jackpot winners.

The platform abides by prevailing Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) legislation, ensuring that users can operate in a safe and legal environment. In addition, Quanta employs strict KYC processes and data protection to secure against cyberattacks.

Quanta’s proprietary lotto platform is called ‘Lottery 6/49’, a fixed-odds game where players choose six numbers between 1 and 49. Prizes are awarded based on how many matching numbers the player has – with jackpots awarded to those with all six numbers.

8. DuckDice – Bitcoin-Based Lotto Platform with Weekly $100,000 Prize

DuckDice is one of the best play-to-earn games within the market due to the long-running nature of the platform. It was set up in 2016 and has built up a stellar reputation for offering exciting games that are facilitated through the use of Bitcoin.

Players can buy Bitcoin and then use the digital currency to play various games, including lotteries, racing, duck hunt, and more. The jackpot for DuckDice’s lottery draws stands at an impressive $100,000, with results announced every Monday.

DuckDice even rewards players who match as little as three numbers, although you’d need to match all five numbers, plus the jackpot ball, to obtain the top prize. Finally, DuckDice even allows you to deposit and withdraw in fiat currency, although certain games are only available using crypto.

9. Crypto Millions – Best Bitcoin Lotto Site for Variety

Crypto Millions is the best Bitcoin lottery site if you’re looking for variety. The site offers prize draws, slots, scratch cards, and more. The Crypto Millions platform has been featured in several leading media outlets, such as Yahoo Finance. This adds credibility to the proceedings.

Users can earn commission by promoting Crypto Millions, adding another way to generate rewards. Loyalty points are collectible through regular gaming or referrals, which are usable to purchase lottery tickets or enter raffles.

All of Crypto Millions’ lotto games are in Bitcoin, although the site makes it easy to participate, even if you have no experience in the cryptocurrency market. With some jackpots worth over $500 million, Crypto Millions is undoubtedly worth considering if you’re wondering where to buy lottery tickets today.

10. FortuneJack – Best Bitcoin Lottery Platform with Free Play Mode

FortuneJack offers users a way to make money with cryptocurrency by providing a user-friendly online portal filled with exciting crypto lottery games. Alongside sports betting, dice games, and casino games, FortuneJack offers some major jackpots.

Each game within the FortuneJack ecosystem uses ‘Provably Fair’ algorithms and RNG-based results. Furthermore, results are not tamperable, which helps reduce the threat of cyberattacks.

FortuneJack is also usable via a mobile app, allowing users to enter crypto lotteries whilst out and about. There’s even scope to play for free using the platform’s ‘Free Play Mode.’

What are Crypto Lottery Sites?

How Do Crypto Lottery Sites Work?

Crypto lottery sites are like regular lotteries, but they have a modern edge. What sets them apart is mainly the blockchain technology. This means that users purchase tickets and wait for the lotto numbers to be drawn. You can then compare and see if they have won a prize.

However, the critical differentiator between crypto lotteries and traditional online lottery sites is that the former uses digital currencies rather than fiat currency. This means users must buy cryptocurrency beforehand and use their holdings to purchase tickets for lotto draws. It also means that BTC lottery jackpots are paid out in cryptocurrency, which can be withdrawn to a crypto wallet and exchanged for fiat.

Pros and Cons of Crypto Lottery Sites

Pros	Cons
Decentralized Platforms: Unlike traditional lotteries, many crypto lotteries are decentralized. Meaning, no central authority controls them, which increases transparency and trust.	Tax Implications: Paying taxes on crypto winnings can be complicated. Many countries treat crypto as an asset, which makes it hard to track gains and losses for taxes.
Provably Fair Technology: Some crypto lotteries use “provably fair” algorithms. They let users verify each draw’s fairness without relying on the operator’s claims.	Access to Customer Support: Many crypto lottery platforms, especially decentralized ones, have weak customer support. If you encounter an issue, the resolution may take longer.
Smart Contract Integration: Smart contracts automate payouts. It helps winners get paid instantly without manual work.	Gas Fees on Some Networks: While some cryptocurrencies have low transaction costs, others (like ETH) can have high gas fees during network congestion. This can eat into winnings.
Cross-Chain Lottery Options: Some crypto lotteries let users enter with multiple blockchains. This gives them flexibility in which crypto to use. This opens the door to more diverse players.	Regulatory Uncertainty: Crypto laws change from time to time. So, it’s hard to predict how authorities may regulate lotteries in the future. Winning could become a hassle if new rules are enforced.
Global Prize Pool Access: Crypto lotteries can pool prize pools globally. This often leads to larger jackpots than in region-restricted lotteries.	Difficulty in Tracking Small Wins: Many lottery players make small bets on multiple platforms. So, tracking small wins and converting them to fiat can be tedious.
Immutable Transaction Records: All your lottery participation is recorded immutably on the blockchain. This way, your entries and winnings are permanently tracked and further, reduces the chances of disputes.	No Legal Recourse: If a decentralized lottery platform fails or a smart contract bug causes a loss, recovering your funds is nearly impossible.
Token-Specific Bonuses: Some platforms reward players with native tokens. These can be used for lottery entries, traded on crypto exchanges, or for other platform features.
Deflationary Lotteries: Some crypto lottery sites burn tokens with each ticket sale. This reduces the total token supply over time. This can potentially increase the value of winnings if the token price rises.

Some online lottery sites copy the numbers from traditional lotto draws. Others use third-party software to provide the winning numbers. Therefore it’s vital to understand how winners are chosen before creating an account with a crypto lottery platform to ensure you’re happy with the governing mechanism. 

Are Crypto Lotteries Legal?

When researching crypto lotteries and the best NFT games with lotto-based features, you need to know about the regulations surrounding these platforms. For US-based readers, the prevailing laws can vary from state to state, although there are two main areas to keep in mind:

1. Whether online gambling is allowable in your state
2. Whether cryptocurrency is allowable as a payment option in your state

As the points above highlight, there are no laws that directly prohibit crypto lotteries. Thus, if online gambling is allowable in your state and cryptocurrencies are legal, you can utilize the platforms in this article.

However, it’s essential to keep in mind that the regulatory landscape is ever-changing, especially given the rapid expansion of the cryptocurrency market. As such, online lottery prize terms may shift if laws change, affecting how these services operate. Thus, it’s vital to keep on top of the latest rules to ensure you are gambling safely and legally.

There’s also the matter of taxes and crypto lotteries, something which varies by jurisdiction and is something you need to look into for yourself.

How to Enter the Lucky Block Crypto Lottery

Before rounding off this guide on the best crypto lottery sites, let’s discuss where to play online lottery today. As touched on earlier, our recommended crypto gaming platform is Lucky Block due to its daily prize draws and high level of fairness and transparency.

With that in mind, the steps below will show you how to buy Lucky Block and purchase tickets to the platform’s jackpot draws – all from your laptop, tablet, or smartphone:

Step 1 – Buy BNB

The first thing you’ll need to do is purchase some BNB so that you can buy LBLOCK tokens. Head over to Lucky Block’s website and connect your crypto wallet to the online portal. It’s vital to ensure that your crypto wallet is BSC-compatible since LBLOCK is a BEP-20 token.

Once connected, follow the on-screen instructions to purchase BNB through the Lucky Block portal. You can opt for Faster Payments or use a credit/debit card – with the latter usually processing instantly. After this, verify yourself through the verification process and action the payment, at which point the tokens should reach your connected crypto wallet.

Step 2 – Exchange BNB for LBLOCK

Now that you have BNB, you can use the best altcoin exchange to transfer it into LBLOCK. Various platforms list LBLOCK, although PancakeSwap offers one of the most beginner-friendly purchasing processes.

All you have to do is connect your wallet to the PancakeSwap exchange and search for LBLOCK using the following contract address:

• 0xA9F5b1cAfA07F27f2E038A7c9fC90b49b9cBd728

After this, choose how much BNB you’d like to swap for LBLOCK and confirm the transaction. Your new tokens should be placed in your wallet, although you may have to manually import them using the contract address noted above.

Step 3 – Download the Lucky Block App

Head over to the App Store or Google Play and download the Lucky Block app. Once downloaded, you can connect your crypto wallet to the platform by following the on-screen instructions.

Step 4 – Buy Prize Draw Tickets

The Lucky Block app will have a dedicated section to purchase tickets to the platform’s daily prize draws. The tickets are $5 each, with purchases possible through LBLOCK. Once you buy a ticket, it will be available to view in your ‘Ticket Wallet’.

Responsible Gambling

At Business2Community, we want to ensure that readers are always gambling in a responsible manner and not taking excessive risks. It’s vital that people control their expenditure and see their playing sessions as enjoyment rather than them getting too serious.

That’s why you should only gamble with money you can afford to lose and know when to stop on a particular day.

We only highlight Bitcoin lottery sites with a proven track record of protecting players and are fully licensed. Another key area we consider when assessing the best online lottery sites for crypto is the account restriction tools they offer.

Finally, our dedicated responsible gambling page provides tips on putting good habits in place and showcases support organizations for anyone who might need some help.

Best Crypto Lottery Casino on Telegram

TG.Casino is the best crypto lottery casino that’s available on Telegram. An excellent all-rounder, TG.Casino offers lightning-fast BTC transactions with no fees, real-time updates, and a massive library of games.

However, there are other sites accessible through Telegram. An excellent alternative is Mega Dice, which has a similarly broad range of titles and also offers rapid crypto payouts.

Best Crypto Lottery Sites – Conclusion

Although the crypto lottery industry is still in its infancy, there’s undoubtedly colossal potential for growth. These platforms look set to grow in stature in the years ahead.

Our recommended crypto gaming platform is Lucky Block, as it has already become one of the best crypto lottery providers since its inception in 2022. With a much wider choice of games than any other casino, it’s our number one pick for the best lottery sites for cryptocurrency users.

Crypto Lottery – FAQs

The post The Best Crypto Lottery Sites in 2025 appeared first on Business2Community.

How We Evaluate US Crypto Casinos

During our research, we rely on predetermined criteria that help us find the best online casinos, and we always stick to them. When evaluating casinos, we create different sections with features, such as casino games, available bonuses, and payment options. We also consider wagering requirements, security measures, and game providers, ensuring consistency across all reviews. 

We score each section independently and never adjust our rating in favor of any platform. Every section is important to us, so no casino can score high by excelling in one area while lacking in others. Below, we describe each section in detail to ensure our readers understand how we review and rate casinos. Every review we publish undergoes this rigorous review process, ensuring transparency, accuracy, and unbiased information.

Casino Bonuses and Promotions (20%)

One of the reasons why crypto casinos have stormed the online gambling world is their attractive bonuses and promotions. These sites offer more generous rewards than traditional online casinos due to lower transaction fees and more flexible payment options. 

In our opinion, only casinos offering a 100% bonus match that exceeds $700 at the minimum deserve to be ranked among the best ones. However, the bonus amount alone isn’t enough to ensure a high score for a casino. We also evaluate several other factors before giving our final rating on a casino’s bonus offer.

Different Bonus Types

• No deposit bonus: Probably the favorite bonus offer for many players, no-deposit bonuses are a way to test a new casino platform and play new games without risking your money. The higher the bonus, the better your chances are of trying different casino games. While a $10 deposit bonus is a bare minimum, a $50 no-deposit bonus is considered generous and offered only by top online casinos.
• First deposit bonus: The most common bonus offer at online casinos in the US is a first deposit match bonus. If you place $10, the casino will match the bonus 100%, which means you’ll get an additional $10 to play. Some casinos even offer a 200% bonus match, rewarding you with $20 if you place $10, which means you’ll have $30. 
• Free spins: Free spins come as part of a welcome bonus package or as a separate offer. This bonus is good if it comes with a no-deposit requirement and can be used on different slot games. 
• Additional promotions: Our editorial team highly values online casinos with other promotions, such as cashback, free tournaments, and VIP programs. The more promotions a casino offers, the better the overall experience for players, especially for bonus hunters.

Wagering Requirements

It would be great if you could just take your deposit bonus and finish gameplay, but it usually comes with a rollover requirement. This means you need to place bets before withdrawing your winnings. We consider a 15x rollover requirement reasonable, while anything above it is considered high. Similar rules apply to no-deposit bonuses as well. Online casinos are usually more flexible with no-deposit bonuses because they come with smaller amounts. 

Expiration Date

A welcome bonus usually expires if not used within a certain time limit. It’s rare for casinos not to put expiration dates. We consider 30 days to be a decent time frame during which you can use your bonus offer. We don’t score high casinos with an expiration time of seven days, especially if it comes with a high rollover requirement.

Casino Games (20%)

The best online casinos offer a variety of games and a vast selection to choose from. We believe the casino should offer at least 800 games to be considered worth your attention. Usually, crypto casinos provide more than that, with top online casinos featuring thousands of casino titles. When it comes to variety, we expect to see all casino games—from slots, jackpots, and megways to traditional table games, live dealers, and specialty games like keno, bingo, and lottery. We also emphasize if a casino features unique in-house games.

Payment Methods (15%)

We look for casinos that accept a wide variety of cryptocurrencies, including popular options like Bitcoin, Ethereum, and Litecoin, as well as meme coins like Pepe, Shiba Inu, and Dogecoin. If a casino offers lesser-known altcoins, we consider it a bonus.

As crypto casinos rarely offer traditional gambling, we don’t see it as a big drawback if a particular casino doesn’t accept fiat currencies. However, we highly value casinos that offer the option to buy cryptocurrencies with fiat. This ensures that all players, even those without cryptocurrencies in their possession, can play at the casino by purchasing a cryptocurrency through the third-party apps. 

We also consider casino deposit and withdrawal limits. Ideally, there wouldn’t be any limits, but in reality, almost every online casino has limits. We prefer casinos with low deposit limits, like up to $10. Also, we think casinos with maximum deposit limits of at least $10,000 ensure better flexibility for high-rollers.

When it comes to withdrawals, we give an advantage to casinos with minimum limits under $15 and maximums above $4,000 per day. If there are no withdrawal fees imposed by a casino, we rank that casino with higher scores.

Software Providers (10%)

We value casinos that nurture strong partnerships with prominent software providers. This ensures that the games offered are provably fair and meet the highest quality standards. In our view, the best online casinos should collaborate with over 20 software providers, including well-known industry names such as NetEnt, Microgaming, and Ezugi. Additionally, partnerships with smaller software houses are a big plus, as they bring unique and exclusive games to the platform.

Safety & License (15%)

Security is a top priority for every casino player, and it’s for a good reason. While most casinos don’t require KYC verification for deposits, they may request it when processing withdrawals. Also, if you purchase crypto with a credit or debit card or just gamble with traditional currencies, the casino gains access to your private information and a bank account. 

For safety reasons, we always check casino security features, such as SSL encryption, 2FA, and firewall protection. Logically, we prioritize online casinos with a gambling license from proven regulatory bodies, like the Malta Gaming Authority (MGA) or Curaçao eGaming. We also verify if licenses are regularly updated.

We prefer casinos that offer responsible gambling tools, such as deposit limits, time limits, and self-exclusion options, to help players maintain healthy gambling habits.

User Experience (10%)

We evaluate each casino’s user experience, which encompasses the site’s design and performance, the clarity of the user interface, and the visuals in general. We check how quickly the website loads, whether it’s optimized for mobile use, and whether the provider has a mobile application.

In our casino reviews, we detail the optimization of the website and the casino experience as a whole. We evaluate the sign-up process, VPN friendliness, and the site’s integration with other apps, such as Telegram and Discord.

Customer Support (10%)

Even the most experienced casino players need help at times. Having reliable customer support is crucial for resolving website glitches, account issues, or transaction problems. Even when you play at the best online casinos, you might encounter certain issues. 

We prefer casinos that provide quick, knowledgeable, and friendly customer support through multiple channels. Even the very best online casinos may not offer phone support, but live chat and email support are a must for us to rank a casino among the best. Aside from availability, we score providers based on responsiveness and how polite their agents are.

Our Scoring System

We created a rating system to ensure fair and transparent reviews and enable accurate evaluation of each casino. Our rating system uses weighted factors, scoring every section from one to ten based on how well the casino meets our key standards. Higher scores mean that the casino is better. 

Each casino’s overall score is based on different factors, with some being more important than others. For example, casino bonuses and promotions count for 20%, while user experience count for 10%. For us, having a rich selection of casino games is more important than just having a mobile-friendly site.

Regular Methodology Updates

We review and refine our methodology regularly to stay updated with industry trends, changes in the iGaming industry, and new technologies. By revising our methodology, we ensure that our criteria are precise, relevant, and aligned with industry standards.

Our team performs thorough research and analysis before deciding on evaluation criteria changes. We consult with industry experts before making formal decisions. This way, our metrics are adjusted properly, showing updates such as new software providers and games, security measures, and policy changes. 

FAQs

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A New Chapter in Our Journey

Since 2011, Business2Community has been your trusted source for industry insights and trends. Today, we’re thrilled to announce an exciting evolution of our brand that celebrates our true passion and expertise.

Embracing Our Core Strength

Over the years, as we’ve covered various topics, one area has consistently stood out: our exceptional coverage of the gambling industry. What began as one part of our content offering has grown into our most distinguished area of expertise, backed by the strongest team of specialists in the field.

Why This Change?

We believe in doing what we love and doing it exceptionally well. Gambling has always been an integral part of online entertainment, and our team’s passion and knowledge in this space is unmatched. Rather than spreading ourselves thin across multiple topics, we’re channeling our energy into what we do best—providing you with the most comprehensive, accurate, and engaging gambling content available anywhere.

What You Can Expect

Our revamped platform will feature:

• Expert gambling guides written by industry veterans
• Breaking news on casino developments, sports betting, and gaming legislation
• In-depth reviews of online gambling platforms
• Responsible gambling resources and best practices
• Exclusive interviews with industry leaders
• Cutting-edge analysis of gambling trends and technologies

Growing Our Team of Experts

We’re expanding our specialized team. If you’re a passionate writer with gambling industry knowledge and want to join our dynamic community, we’d love to hear from you. Contact us at jobs@business2community.com to learn about current opportunities.

Thank You for Growing With Us

This transformation marks an exciting milestone as we commit to delivering superior, specialized content that truly serves our community’s interests. Your support has made this evolution possible, and we’re excited to continue this journey with you.

Here’s to the next chapter of Business2Community—your ultimate destination for all things gambling!

Warmly, The Business2Community Team

The post Exciting News: Business2Community Evolves into Your Premier Gambling Guide! appeared first on Business2Community.

Established in 2011, Business2Community has evolved to embrace our true passion and expertise: the gambling industry. What began as a broader business platform has naturally transformed into a specialized resource dedicated to the dynamic world of gambling. We provide valuable insights, practical advice, and expert knowledge for everyone from casual players to industry professionals and investors.

We are committed to creating well-researched and engaging content on all aspects of gambling, including online casinos, sports betting, gaming legislation, and responsible gambling practices. Our goal is to deliver superior content and up-to-date information that our readers can trust and apply.

Whether you’re a seasoned gambler, a gambling industry entrepreneur, or someone eager to explore the fast-growing gambling landscape, we’re here to empower you with the knowledge and insights you need to succeed.

Our Mission

Empower
At the core of our mission is the belief that informed players and industry professionals make better decisions. We empower our readers with expert knowledge about gambling strategies, industry developments, and regulatory changes, helping them navigate this exciting and complex landscape with confidence.

Educate
Knowledge is the key to success in the gambling industry. We deliver accessible, jargon-free content that helps our readers understand everything from betting strategies and game mechanics to the latest industry news and regulations. Our content bridges the gap between complex gambling concepts and practical applications.

Innovate
The gambling industry is constantly evolving with new technologies, games, and regulations. Staying ahead requires innovation and adaptability through continuous learning. We produce cutting-edge insights and expert reviews that inspire our readers to embrace innovation and anticipate future trends in the gambling space.

Read more about our Editorial Standards and Rating Methodology

What Sets Us Apart

• Specialized Expertise: Our team consists of gambling industry veterans who bring years of experience and deep knowledge to every piece of content we create. From casino operations to sports betting analytics, our specialized focus ensures authoritative coverage.
• Comprehensive Coverage: We cover all facets of the gambling world, from traditional casino games and sports betting to emerging trends in online gambling platforms and technologies. Our content offers a 360-degree view of the industry.
• Practical Guidance: Beyond news and analysis, we provide actionable advice, step-by-step guides, and strategies that readers can immediately implement. Whether you’re looking to improve your betting approach or understand gambling regulations, we equip you with practical tools for success.

Our Editorial Commitment

We are committed to delivering objectivity in our content, ensuring that our audience receives unbiased and transparent information about the gambling industry. Every guide, review, and analysis is created following strict editorial guidelines to ensure the accuracy and integrity of the information that Business2Community delivers to its readers.

Our in-house editorial team includes experienced gambling journalists, former casino professionals, betting analysts, and responsible gambling advocates. This diverse expertise allows us to produce clear, accurate, and informative content from multiple perspectives.

We publish educational articles on gambling strategies, news stories on industry developments, and market analyses to help you stay up-to-date with the latest trends. Additionally, we produce in-depth reviews of online casinos, sportsbooks, and gambling platforms, along with comprehensive guides on responsible gambling practices.

The Business2Community Audience

Our platform serves a diverse gambling community—from recreational players looking to enhance their experience to industry professionals seeking market insights and emerging trends. We cater to casino enthusiasts, sports bettors, gambling industry entrepreneurs, and investors interested in this dynamic sector.

Join Business2Community

Whether you’re a seasoned gambling professional or just starting to explore this exciting industry, Business2Community is your ultimate destination for gambling expertise, insights, and community. Join our growing network of gambling enthusiasts and professionals dedicated to mastering and advancing in this dynamic field.

Company Information and Address

Address:
Tagliaferro Business Centre,
High Street,
Sliema,
Malta
Company Number 103525

You can get in touch with us by emailing contact@business2community.com.

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