Making accurate forecasts is still a complex and sometimes futile exercise. A change in rhythm from the booming years of 2020 and 2021 for the gaming industry was unexpected in 2022. As far as gaming happenings go, it was perhaps one of the most shocking.
Our experiences throughout the pandemic have left us with a perspective on the future that is equal parts pessimistic and optimistic. Nevertheless, because of the interconnected nature of factors like governmental restrictions, technological advancements, and market trends, it remains hard to make accurate predictions about the future of online gambling.
Once you add the murky world of cryptocurrency gambling to the mix, things get even more complicated. But with this information at hand, we can at least attempt to draw a rough outline of our expectations for the sector.
Potential developments in 2023 could include:
More expansion. – Over the last few years, crypto gaming has seen explosive development, and this upward trend is expected to continue in 2023 as more people get aware of cryptocurrency and as technology continues to advance.
Regulatory developments. – There has been a rise in the number of nations enacting stricter laws regarding online gambling, including that which involves the use of cryptocurrency. Possible steps include tightening up on licensing standards, strengthening player safeguards, and increasing security.
New and exciting platforms. – There will certainly be additional crypto-gambling platforms developed to suit the rising demand for these kinds of games as the crypto-gambling business expands. Possible differentiating factors among these platforms include the availability of new features and developments.
Another Difficult Year for Crypto?
While the popularity of crypto gaming has increased dramatically over the last few years, it is no secret that cryptocurrency is very unpredictable. The development of the industry as a whole will unquestionably be affected by this.
Even as this turbulent year for cryptocurrencies comes to a close, industry insiders anticipate more trouble for crypto investors in 2023 due to the arrival of new problems and the persistence of residual worries. The aftermath of the “crypto winter” of 2022 is projected to reverberate strongly into 2023 and even 2024, and most crypto specialists do not see a bright future for the industry in the next year.
The outlook for 2023 is equally bleak, and the hope that cryptocurrency investment might be a “get rich quick” scheme evaporated in 2022. After a difficult year, few industry insiders are optimistic about a significant cryptocurrency rally happening anytime soon.