Igaming by 2050: Cryptos and Digital Wallets Replacing Traditional Payments, AI Detecting Gambling Addiction Signs…

Sports and casino iGaming B2B platform Oddsgate has published a report on the future of iGaming. The research is based on three key stages: collecting global signals of change, constructing a probable image of the future of iGaming in 2050, and disseminating this vision for strategic planning and sustainable development of the industry.

Being able to predict the future is now a competitive advantage rather than a hypothetical exercise. Oddsgate took a significant step toward a new level of strategic intelligence with the release of the report “The Gate to 2050” about the future of iGaming, reinforcing its position as an industry leader in innovation, trend analysis, and future scenario planning. A group of seasoned iGaming professionals launched Oddsgate, a Portuguese startup, in 2022. Its business intelligence-driven gambling software seeks to provide a variety of services and products, including sports betting, bingo, poker, and casino and live casino games.

Thorough Analysis Designed to Surpass Traditional Predictions

A groundbreaking study was developed as a result of Oddsgate’s selection of the independent consultant ALVA Research & Consulting for its expertise. ALVA is renowned for its work predicting long-term changes and creating future scenarios with leaders and organizations. It carried out a thorough analysis designed to surpass traditional predictions.

A year’s worth of research results in more than just a report. Offering in-depth analysis and stimulating contemplation on the future of the industry globally, it provides a strategic overview of potential advancements in the iGaming sector over the next 25 years, including online betting, digital casinos, and gambling. Three main parts make up the study’s methodology: gathering global signals and guidance, estimating the likely future of iGaming in 2050, and disseminating this vision to encourage long-term decision-making and guidance.

Key Predictions

Bookmaker Expert highlights the report’s key predictions:

• By 2029, the global iGaming market revenue will reach US$249.4 billion with a CAGR of 10.6%.
• Online gambling will become part of the metaverse: virtual casinos, arenas, and slots with a full presence effect through AR/VR and haptic feedback.
• By 2050, betting will go far beyond sports and become a common practice.
• Blockchain will become the basis of the entire infrastructure: smart contracts will automate payments, verification, licensing, and game mechanics.
• Cryptocurrencies and digital wallets will replace traditional payments, and not only on top crypto betting sites. Also, they’ll change betting to instant and cross-border transactions without intermediaries.
• AI will take on content generation, behavior analysis, real-time marketing, anti-fraud, and even customization of interfaces for each player.
• Personalization will become the norm: if a platform doesn’t offer customized UX and recommendations, it won’t survive the competition.
• Responsible gaming will undergo a digital transformation: AI will detect signs of gambling addiction and implement automatic limits, warnings, and timeouts.

According to the report, global revenue for the sector will reach trillions of dollars by 2050. However, in a fully saturated market, the key growth drivers will be player retention, sustainable technology, and user trust in the product.