This dynamic presents compelling implications for the future of online gambling, such as enhanced user experience and provable fairness. Instead, they use hard-coded, self-executing smart contracts to automatically execute platform functions. Unlike their centralized predecessors, gambling dApps run on decentralized blockchain networks and are designed to work without a third-party intermediary. Later, this was followed by the rising popularity of blockchain betting platforms and gambling-focused decentralized applications (dApps).

Since then, the online gambling industry has exploded, particularly with the proliferation of mobile devices and improved internet connectivity worldwide. The first online casinos were launched in 1994. Playing cards were invented in 9th century China, the earliest recorded pair of dice was excavated in Egypt, and scenes inscribed on ancient Greek and Roman pottery suggest that betting was a widespread practice across social strata.įast forward to the early days of the commercial internet - it was only a matter of time before gambling went online. Gambling dates back thousands of years and spans many ancient civilizations.

Sports betting smart contract