The Best GambleFi Projects for 2024

Cryptocurrency and blockchain tech are always on the edge of new and exciting breakthroughs, and GambleFi is one of those cool innovations where gaming meets finance in a whole new way. Imagine mixing the excitement of gambling with the smart tech of decentralized finance (DeFi) – that’s GambleFi for you, changing up how we play and bet online.

GambleFi platforms are all about bringing something fresh to the table, with transparent deals and secure play, plus some really unique game experiences. In this piece, we’re diving into some of the top GambleFi projects out there, highlighting what makes them special and why they’re a big deal for both gaming buffs and crypto fans.

What is GambleFi?

GambleFi represents the exciting blend of gambling with decentralized finance (DeFi) concepts. It refers to gambling platforms and associated tokens that leverage blockchain technology and smart contracts to deliver unique and innovative gambling experiences.

These platforms bring forward a variety of gambling options, including sports betting, casino games, and lottery games, all enhanced with the transparency, security, and innovation that blockchain offers.

The Benefits of GambleFi

GambleFi platforms stand out from traditional gambling setups with several key features:

1. Transparency: Every bet, win, and transaction on GambleFi platforms is recorded on the blockchain. This means there’s a clear and open record of everything that happens, which helps prevent fraud and ensures that players are treated fairly.
2. Innovative Experiences: GambleFi isn’t just about doing the same old thing online. These platforms are always looking to shake things up by introducing new ways to gamble. For example, some offer zero-loss betting opportunities, where players can bet without the risk of losing their initial stake.
3. Security: Instead of the traditional methods of managing player funds, GambleFi platforms use smart contracts. These are secure, blockchain-based contracts that can’t be altered once set up, offering an extra layer of security over conventional platforms.
4. Fairness for Players: Fair play is crucial in gambling, and GambleFi platforms take this seriously. They use random number generators (RNGs) to ensure game outcomes are truly random and often bring in independent auditors to check that everything’s on the up and up. This means players can trust that the games aren’t rigged in favor of the house.
5. More Player Control: Players get more say over their funds on GambleFi platforms. They can manage deposits, withdrawals, and set their betting preferences just how they like, giving them more freedom and flexibility.

Why GambleFi is the Future of Online Betting

There are a number of reasons why GambleFi is seen at the future of online sportsbooks and casinos.

Available to All Players

One big challenge with traditional casinos is that they often have to turn away players from certain parts of the world, thanks to various regulations and compliance issues. This means not everyone gets to join in the fun.

The great thing about decentralized casinos, though, is how they tap into the power of blockchain technology to open up their doors to everyone, no matter where they are. Web3 connectivity allows players from anywhere to register and player using a MetaMask or WalletConnect integration.

Without the need for strict KYC (Know Your Customer) checks, these platforms make it possible for people from all corners of the globe to play their favorite games without hitting any roadblocks. It’s all about making gaming accessible and inclusive, breaking down the barriers that keep players apart.

No More Banks or Payment Processors

Traditional casinos often come with a catch — dealing with intermediaries like banks and payment processors. This setup can introduce annoying delays, tack on extra fees, and even raise some eyebrows over privacy.

But here’s where decentralized casinos change the game. They cut out the middlemen by harnessing blockchain technology and smart contracts. This means transactions happen directly between players’ wallets. The result? Faster transactions, fewer fees, and a big boost in privacy. It’s a smoother, more private way to play, giving you the freedom to enjoy your games without the hassle.

Control of Funds

When you play at centralized casinos, there’s a bit of a trust leap involved. You deposit your money directly into the casino’s account, which means saying goodbye to your control and ownership over those funds until you decide to withdraw them. It’s a system that’s worked for ages, but it’s not without its drawbacks, especially if you’re someone who likes to keep a tight grip on their finances.

Enter GambleFi, and the game changes. Instead of handing over your funds to someone else’s care, you keep them right in your own wallet. This setup means you’re in charge every step of the way, from depositing to betting, all the way to pulling out your winnings.

It’s all about putting the power back in your hands, ensuring that you and only you decide what happens with your money. This approach not only simplifies the process but also amplifies the sense of security and ownership over your funds.

The Best GambleFi Projects for 2024

Rollbit

Rollbit Price: $0.1301

Rollbit Market Cap: $428,907,345

Where to Buy RLB: Uniswap, LBANK

Rollbit is one of the best GambleFi projects for 2024 as delivers a premium betting platform that goes beyond a traditional casino. With extra elements such as NFT integrations, loot boxes, original games and more, the platform offers everything that crypto bettors love.

The surge in popularity saw the price of the Rollbit token rise over 300% in the last year. Considered a leader in the GambleFi space, Rollbit will continue to grow in 2024 and that should be reflected in the price of its native RLB token.

Rollbit stands out as a prime pick for anyone looking to dive into the world of crypto casinos, offering a rich variety of games and features that cater to diverse interests. Beyond just the thrill of casino gaming, Rollbit introduces the opportunity for high-leverage trading and engages users with NFT-related activities. It’s a comprehensive platform that blends traditional casino fun with the cutting-edge aspects of cryptocurrency, making it an exciting option for both gamers and crypto enthusiasts alike.

Moonbet

Moonbet Price: $0.00000198

Moonbet Market Cap: $3,352,100

Where to Buy MBET: BitMart

Moonbet is one of the best GambleFi projects for 2024 because it is a low market cap project that has been steadily building and growing since its launch in 2021. Having reach an all-time high in November 2022 at $0.0000298, the project has a lot of more for growth during the next bull run.

A web3 sportsbook and casino that allows players to connect with a variety of wallets and or traditionally via email, the site boasts over 5,000 slot games, live dealer games and originals such as crash and plinko. They also have our top rated web3 sportsbook and have recently added horse racing into the mix.

Being 100% web3 allows Moonbet to maximize its player reach and deliver a seamless betting experience. Players can instantly deposit and withdraw their funds directly from their wallet, regardless of where they are playing from.

The most interesting thing is that Moonbet will be giving away 50% of all profits to holders of the MBET token. The team has confirmed they are growing the profit sharing pool in 2024 and will be ready to begin sharing this year. Finally, they will be burning up to 80% of the circulating supply in the next three months, which will make demand for the token outweigh supply once the profit-sharing begins this year.

DEDPRZ

DEDPRZ Price: $0.489

DEDPRZ Market Cap: $2,802,095

Where to Buy DEDPRZ: Uniswap (Rarible for NFTs)

DEDPRZ is a unique project which centers around their NFT collection, which features George Washington in 1776 different styles. The DEDPRZ casino continues the theme with imagery of America’s first president, while offering players thousands of games from top providers around the world.

Players can bet with a number of cryptocurrencies, as well as their native $USA token. Like Moonbet, DEDPRZ is also giving a share of their profits away to NFT holders, with each DEDPRZ NFT needing to be paired with 2,500 $USA tokens to enter the staking pool.

The DEDPRZ protocol will also use monthly profits from the casino to buyback $USA, bought back tokens will then be deposited into the vault. DEDPRZ NFT stakers will earn monthly $USA rewards from the vault.

The price of $USA shot up over $2 at the end of 2023 before settling around $0.50 currently, so there is a lot of opportunity for the project to grow in the upcoming year.

The one drawback to DEDPRZ is that it is unavailable for players in many locations.

Decentral Games

Decentral Games Price: $0.03024

Decentral Games Market Cap: $22,513,420

Where to Buy DG: Uniswap, Gate.io

Decentral Games is another project the forefront of the GambleFi movement, leading the charge with its development of DApps tailored for virtual worlds and gaming. By harnessing the power of blockchain technology, it offers a gaming experience that’s not just about fun and games but also incorporates the savvy financial aspects of DeFi.

Decentral Games is more focused on a social gaming experience, where players around the world can come together in their platform. Decentral Games operates the first Metaverse casino, bringing to life an immersive online experience with live poker, roulette, and blackjack.

This pioneering venture allows players to step into a virtual world where they can enjoy classic casino games from the comfort of their own digital space. By leveraging the Metaverse, Decentral Games offers a unique blend of entertainment and interaction, setting a new benchmark for metaverse gaming and gambling.

Shuffle

Unlike the other four projects mentioned here, Shuffle has not yet launched their SHFL token. The token whitepaper was recently released on February 15 and the sale of the token should be coming in Q2 of 2024.

Shuffle has established itself as a top-tier crypto casino, known for delivering an exceptional user experience and earning a reputation for reliability. The introduction of the Shuffle Token (SHFL) marks a significant advancement in their mission to enhance the crypto casino experience, embodying their commitment to innovation and excellence in serving the modern gaming enthusiast.

SHFL is set to become an integral part of the core platform, rewarding the most dedicated users, fostering community growth, and elevating the overall player experience to unprecedented levels. SHFL is set to kick off its journey by being distributed directly to Shuffle’s core user base. An impressive 28% of the total SHFL supply is earmarked for airdropping to the Shuffle community over the next few years. This distribution strategy includes three separate airdrops designed to incentivize activity on the platform.