World News.Week 17

🪙 Crypto Casino GGR Surpassed $ 80 Billion in 2024

• According to Yield Sec, global crypto gambling GGR grew fivefold from 2022 to 2024, reaching $ 81.4 billion.
• The average deposit at crypto casinos is about 10 times higher than at traditional fiat casinos, especially those operating under local licenses.
• Stake’s crypto casino GGR totaled $ 4.7 billion last year, with the company claiming it accounts for up to 4% of all Bitcoin network transactions.

🇮🇳 UPI Crashed Three Times Due to IPL Betting Surge

• The Unified Payments Interface (UPI) system crashed three times due to the massive volume of transactions linked to illegal betting on the Indian Premier League (IPL).
• According to The Economic Times, illegal IPL bets in India amount to over $ 100 billion annually.

💰 Hacksaw Gaming Preparing for Stockholm IPO

Bloomberg reports that Hacksaw Gaming is planning an IPO on the Stockholm Stock Exchange, working with major banks like Citigroup, Jefferies, and Carnegie.

🛍 Aristocrat in Talks to Acquire Interblock

Gaming provider Aristocrat is in discussions to acquire electronic table games manufacturer Interblock, in a deal estimated at around $ 1 billion.