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Canada

What caused the growing popularity of cryptocurrency casinos in Canada?

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Since they first appeared, cryptocurrencies have been increasingly popular. Today, a variety of online businesses, including online gaming, allow you to use Bitcoin. The emergence of cryptocurrency gambling sites coincided with their acceptance by the casino sector. The use of Bitcoin as a payment option is now simple for players.

Since gambling is now permitted in Canada, many gamers are switching to online casinos to play their preferred games. Due to the numerous advantages, people are currently hunting for crypto gambling services as well. In Canada, Bitcoin is now the most popular cryptocurrency. Players can, however, also utilize different currencies like Shiba Inu and Ethereum. Here are a few explanations for why Canadians are playing at more and more crypto casinos.

The Appearance of a Canadian Crypto Casino

Numerous casinos accept cryptocurrencies as payment, despite the fact that this is still a relatively new practice. Every nation is seeing an increase in the number of crypto casinos, and Canada is not an exception. When it comes to Bitcoin sites, Canada is at the forefront. Due to its numerous advantages, Bitcoin is often used in online casinos by Canadian players who have access to a variety of cryptocurrency gambling sites.

Other cryptocurrency-accepting casinos are attempting to catch up as Bitcoin gambling continues to grow in popularity in Canada. Anything that promises to make playing online casino games more enjoyable for Canadians, such as the adoption of cryptocurrencies, is eagerly welcomed.

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How Do Crypto Casinos Work?

Similar to traditional online casinos, crypto websites operate online. Players may open an account, deposit money after completing the Winz casino login process, and play games to earn winnings. The fundamental distinction is that bitcoin is the principal form of payment in crypto casinos. This indicates that users of Bitcoin, Ethereum, and other cryptocurrencies may deposit and withdraw money.

Blockchain technology, which is the foundation for most crypto casinos, has a number of benefits over more conventional online ones. Due to the fact that all transactions are tracked on the blockchain, blockchain-based casinos are frequently more transparent than traditional internet platforms. As a result, gamers may be confident that their money is safeguarded.

Advantages of Crypto Casinos

The evolution of online casinos will continue, and they have a very promising future. Any coin may be used for games, and players can stay anonymous. Due to a number of key and influencing variables, crypto casinos are the future of the gaming sector.

Privacy and Security

When it comes to online gambling, security and privacy are two of the most crucial considerations. You want to be certain that your private and sensitive financial information won’t get into the wrong hands. Because cryptocurrencies employ cutting-edge blockchain technology, you can be guaranteed that transactions with them are secure.

Quick Transactions

Fast transfers are another factor contributing to the growth of crypto casinos in Canada. Due to the way distributed technology functions, both deposits and withdrawals happen extraordinarily quickly. In contrast to conventional banks, cryptocurrencies do not have a middleman that must authorize transactions before they get to the recipient’s account.

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Low Fees

The fees at crypto casinos are often cheaper than those at regular internet ones. This is because the transactions do not involve any third-party processors. These elements combine to make cryptocurrency casinos a highly alluring choice for Canadian gamblers. And given that online gambling has recently been made legal in the nation, it is probable that this industry will continue to expand in the years to come.

Gambler Anonymity

The eligibility of players for credits and incentives is sometimes restricted by bank policies and guidelines. On websites that offered to gamble, the majority of users utilized fiat money, making it simple for banks to seize those funds. Due to the anonymity of their transactions, players may enjoy their favorite casino games without being concerned about being evaluated.

Conclusion

Summing up all of the above, we can understand that crypto casinos in Canada are really very popular. But even so, such popularity has no limits, and crypto platforms for gambling continue to attract a large number of gamblers. This type of website is not only in great demand, but also incredibly safe and anonymous for every person. Cryptocurrency casinos truly are the future of the gambling industry.

Canada

Greo and CCSA Release New Report Named “Gambling Availability and Advertising in Canada: A Call to Action”

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Recent gambling policy changes in Canada have led to increased opportunities to legally bet on sports and gamble online, 24 hours a day, seven days a week. The report “Gambling Availability and Advertising in Canada: A Call to Action” looks at the impacts of legal gambling in Canada since the approval of the Safe and Regulated Sports Betting Act in 2021. The report recommends developing a pan-Canadian strategy to address gambling-related harms. This is a new report by Greo Evidence Insights (Greo) and the Canadian Centre on Substance Use and Addiction (CCSA).

This call to action is in response to the significant increase in gambling advertising on billboards, social media, at commercial breaks during sports broadcasts and during sporting events. Increased gambling availability and advertising are expected to contribute to increased gambling in Canada, thereby posing a significant risk of harms among the general population, particularly for youth, young adults and other vulnerable populations.

The report also describes how the increased availability of gambling and in gambling advertising are of great concern because:

  • The types of gambling being made available and promoted (single-event sports betting and live or in-play betting) are associated with a greater risk of harm. For example, single-event sports betting increases gambling intensity and gives an illusion of control over the outcome as people believe their knowledge of the game gives them a competitive edge.
  • The volume of gambling advertisements repeatedly pairing sports with betting normalizes gambling, leading people to think of betting as an integral part of being a sports fan.
  • Increased availability of gambling and in gambling advertising are happening at a time when many people in Canada are more vulnerable to problematic gambling and gambling-related harms because of the lingering health impacts of COVID-19 and a rise in the cost of living.

“Over the last few years, we have witnessed some of the most significant changes in gambling policy since the 1970s. We have seen a massive increase in gambling advertising and opportunities to gamble. We can no longer watch sports with our kids or go online without being subjected to an overwhelming amount of gambling advertising. Canada is at a critical moment in how it manages gambling. A national strategy or framework — similar to what we have for alcohol, tobacco and cannabis — is critical to manage the expected increase in gambling harm, especially among youth and other vulnerable people,” explained Dr. Matthew Young, Chief Research Officer at Greo, Senior Research Associate at the CCSA and Adjunct Professor at Carleton University.

The report recommends developing a national strategy that will:

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  • Develop national standards governing the promotion and availability of gambling;
  • Manage conflicts of interest among gambling stakeholders;
  • Address inadequate funding for gambling harm prevention and reduction initiatives and research;
  • Monitor systematic changes in gambling-related harm, including any assessments of the social and economic costs of gambling; and
  • Increase awareness of gambling-related harms among health and social service professionals and the public.

“Increased gambling among people living in Canada will undoubtebly result in increased harms and therefore increased societal costs. These include healthcare costs, criminal-justice costs, child welfare costs, increased unemployment and lost productivity costs because of gambling-related suicide. We need to think about our approach and ensure that it considers not only short-term government revenue and economic activity but also the longer-term societal costs. That’s why we need a national strategy,” Dr. Pam Kent, Director of Research and Emerging Trends at CCSA, said.

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Canada

Call for a National Strategy to Address Gambling-Related Harms in Wake of Sports Betting Boom

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Recent gambling policy changes in Canada have led to increased opportunities to legally bet on sports and gamble online, 24 hours a day, seven days a week. Released today, Gambling Availability and Advertising in Canada: A Call to Action looks at the impacts of legal gambling in Canada since the approval of the Safe and Regulated Sports Betting Act in 2021. The report recommends developing a pan-Canadian strategy to address gambling-related harms. This is a new report by Greo Evidence Insights (Greo) and the Canadian Centre on Substance Use and Addiction (CCSA).

This call to action is in response to the significant increase in gambling advertising on billboards, social media, at commercial breaks during sports broadcasts and during sporting events. Increased gambling availability and advertising are expected to contribute to increased gambling in Canada, thereby posing a significant risk of harms among the general population, particularly for youth, young adults and other vulnerable populations.

The report also describes how the increased availability of gambling and in gambling advertising are of great concern because:

  • The types of gambling being made available and promoted (single-event sports betting and live or in-play betting) are associated with a greater risk of harm. For example, single-event sports betting increases gambling intensity and gives an illusion of control over the outcome as people believe their knowledge of the game gives them a competitive edge.
  • The volume of gambling advertisements repeatedly pairing sports with betting normalizes gambling, leading people to think of betting as an integral part of being a sports fan.
  • Increased availability of gambling and in gambling advertising are happening at a time when many people in Canada are more vulnerable to problematic gambling and gambling-related harms because of the lingering health impacts of COVID-19 and a rise in the cost of living.

“Over the last few years, we have witnessed some of the most significant changes in gambling policy since the 1970s,” explained Dr. Matthew Young, Chief Research Officer at Greo, Senior Research Associate at the CCSA and Adjunct Professor at Carleton University. “We have seen a massive increase in gambling advertising and opportunities to gamble. We can no longer watch sports with our kids or go online without being subjected to an overwhelming amount of gambling advertising. Canada is at a critical moment in how it manages gambling. A national strategy or framework — similar to what we have for alcohol, tobacco and cannabis — is critical to manage the expected increased in gambling harm, especially among youth and other vulnerable people.”

The report recommends developing a national strategy that will:

  • Develop national standards governing the promotion and availability of gambling;
  • Manage conflicts of interest among gambling stakeholders;
  • Address inadequate funding for gambling harm prevention and reduction initiatives and research;
  • Monitor systematic changes in gambling-related harm, including any assessments of the social and economic costs of gambling; and
  • Increase awareness of gambling-related harms among health and social service professionals and the public.

“Increased gambling among people living in Canada will undoubtebly result in increased harms and therefore increased societal costs. These include healthcare costs, criminal-justice costs, child welfare costs, increased unemployment and lost productivity costs because of gambling-related suicide,” says Dr. Pam Kent, Director of Research and Emerging Trends at CCSA. “We need to think about our approach and ensure that it considers not only short-term government revenue and economic activity but also the longer-term societal costs. That’s why we need a national strategy.”

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Canada

Edict Egaming Secures Approval for Ontario Licence

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Edict egaming has received approval from the Alcohol and Gaming Commission of Ontario (AGCO) to provide its games for the online casino market in the Canadian province. This applies to both the German edict egaming GmbH and Edict Malta Limited. From now on, the Merkur Group subsidiary will be able to offer its popular Merkur slots in one of the largest North American markets.

“We are delighted to have received AGCO approval for our Merkur games in Ontario. This is definitely a big step for edict and we are very excited to showcase ourselves to new audiences on the global stage in this dynamic market,” Dominic-Daniel Liénard, CEO of edict egaming GmbH, said.

The AGCO is working with the Government of Ontario and iGaming Ontario (iGO) to establish a new online gaming market that helps protect consumers gambling through private gaming companies. This license certifies that edict operates within the framework of strict laws and meets the requirements for responsible gaming.

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