Connect with us
Advertisement
Advertisement

Entertainment

Is crypto gaming growing in the UK?

Published

on

A video game controller surrounded by bitcoins photo – Free Pro gaming Image on Unsplash

The UK is witnessing a significant increase in crypto gaming, a trend that’s reshaping digital entertainment. As blockchain technology continues to evolve, its integration into the gaming industry is creating new opportunities and challenges for players, developers, and regulators alike.

Growing popularity and market expansion

Recent data shows a clear increase in crypto gaming in the UK. With a crypto adoption rate of around 11-12% among online gamers, the UK is leading the way in Europe. This growth is part of a larger global trend, with the overall blockchain gaming market expected to grow at a remarkable rate of 58.51% annually from 2024 to 2028.

The expansion is particularly evident with crypto gambling, which has seen a 25% increase in platforms over the past year. While UKGC-regulated casinos don’t accept cryptocurrencies, residents can still legally use them at offshore casinos, also known as non-Gamstop sites. These gambling sites are regulated and offer consumer protections, making them a popular choice for many players.

Non-Gamstop casinos are significantly boosting the crypto-gambling market, which is estimated to be worth about $250 million by 2024. Interest in Bitcoin casinos has increased, quadrupling between 2019 and 2021, and by 2022, about 4% of all online gambling searches were related to crypto.

Technological advancements fuelling growth

Blockchain technology is at the heart of this change, providing a level of transparency and fairness that was hard to achieve before. Smart contracts are streamlining game rules, making online gaming safer and easier. Experts believe these technological improvements will push the online gambling industry, including crypto casinos, to grow by over 10% each year.

UK developers are leading the charge in innovation. For example, Unstoppable Games launched “Influence,” a blockchain game, in June 2023, showcasing the country’s commitment to enhancing the crypto gaming space.

Regulatory landscape and government initiatives

The UK government is playing a key role in shaping the future of crypto gaming. They recognize the potential of blockchain and are working to position the UK as a global leader in crypto innovation. In April 2022, the government announced plans for a financial market infrastructure sandbox to encourage investment and creativity in the sector. In the 2023 Spring Budget, the government allocated £3.5 billion to support tech and science initiatives, focusing on establishing the UK as a leader in Web3 technology.

Additionally, crypto exchanges operating in the UK must comply with strict regulations enforced by the Financial Conduct Authority (FCA). These exchanges are required to register with the FCA and implement robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. 

This includes collecting and verifying personal information such as full name, date of birth, residential address, and official identification numbers from users. Exchanges must also monitor transactions and report any suspicious activity. Gamers using UK-based exchanges can expect thorough identity verification processes as part of these regulatory compliance measures.

Consumer adoption and preferences

The rise of crypto gaming in the UK isn’t just about technology; it reflects changing consumer preferences as well. A study involving 2,000 gamers, including participants from the UK, found that 46% liked blockchain features in their favorite games. This trend is especially strong among younger players, who are drawn to the play-to-earn model and the idea of owning in-game assets.

According to the FCA, about 2.3 million UK citizens owned crypto in 2021, an increase of about 0.4 million from 2020. This growing familiarity with cryptocurrencies is likely driving interest in crypto gaming platforms.

Challenges and future outlook

Despite the growth, the crypto gaming industry in the UK does face challenges. In October 2023, the FCA categorized cryptocurrencies as “restricted mass market investments,” which could affect growth in the sector. Additionally, the industry needs to address concerns about the quality and creativity of blockchain games to keep players engaged over time.

Looking ahead, experts are optimistic about continued growth in the UK’s crypto gaming sector. PwC predicts a solid 15% annual growth rate for the UK’s cryptocurrency gaming market over the next five years, fueled by technological advancements, growing player adoption, and evolving regulations.

Conclusion

Crypto gaming is definitely on the rise in the UK, driven by tech innovations, changing player preferences, and supportive government policies. As the industry evolves, it has the potential to create new experiences for players and opportunities for developers and investors. However, its continued success will depend on overcoming regulatory hurdles, ensuring consumer protection, and delivering engaging, high-quality gaming experiences.

With the UK government’s focus on encouraging innovation in the crypto space and the country’s strong gaming culture, the UK is well-positioned to become a leader in the global crypto gaming scene. This combination of blockchain technology and gaming is set to reshape digital entertainment in the UK and beyond.

Entertainment

Newport Winter Wonderland is the ideal treat for the family this Christmas holiday

Published

on

THERE is still a chance to attend the Newport Winter Wonderland and experience a magical winter experience. Located next to Friars Walk Shopping Centre (NP20 1UH), the festive attraction opened its doors on Thursday, November 21, and will run until Sunday, January 5, closing only on Christmas Day and Boxing Day.

Visitors can look forward to a real ice rink under cover, ensuring skating fun whatever the weather. Alongside the rink, a large Christmas funfair offers thrills and entertainment for all ages, while stalls serving various Christmas foods promise festive treats to keep everyone warm and satisfied.

For those looking to unwind, a fire pit provides a cosy spot for roasting marshmallows, and a licensed bar offers seasonal drinks to enjoy. Entry to the Winter Wonderland is free, with tickets required only for specific attractions.

Families can also meet Santa Claus himself, making it a perfect outing for creating cherished holiday memories.

For more details, including ticket bookings and opening hours, visit www.newportwinterwonderland.co.uk.

Make sure to wrap up warm and head down to Newport Winter Wonderland for a truly festive day out this Christmas season.

Festive fun: Newport Winter Wonderland features an ice rink, funfair, and Santa Claus (Pic: Herald).

Continue Reading

Entertainment

Unearthed Festival 2025: Headliners announced for 10th anniversary celebration

Published

on

THE UNEARTHED FESTICAL is set to celebrate its 10th anniversary in style, with headline performances from Macka B, Natty, and Ozric Tentacles.

Adding to the excitement, Marcus Gad is anticipated to join the lineup, though this awaits final confirmation, as stated in a recent newsletter to the festival’s mailing list.

The much-loved festival, renowned for its vibrant blend of music and arts, is gearing up for its milestone year. Organisers are urging festival-goers to secure their spots early, as campervan spaces, dog passes, and parking permits are in limited supply.

Early bird tickets for Unearthed 2025 sold out in record time, a testament to the festival’s enduring popularity among its dedicated fan base.

In a statement to attendees, the festival team said: “These epic artists are Unearthed icons, and as it’s our 10th anniversary festival, we couldn’t imagine celebrating without them.”

To mark the occasion, a redesigned festival website was unveiled last Friday, alongside the opening of applications for performers, volunteers, traders, and other contributors. The team encourages prompt submissions to ensure a chance to participate in this landmark event.

Adding to the festive spirit, organisers have also extended an invitation to their New Year’s Eve party—a warm-up to the main event next summer.

The Unearthed Festival has built a reputation over the past decade for delivering a unique community experience, blending diverse music, art, and culture in a way that resonates deeply with attendees.

As part of the broader summer festival scene, Unearthed continues to stand out as a celebration of creativity and connection, promising another unforgettable year in 2025.

Continue Reading

Entertainment

Does Deal or No Deal need to attract more Welsh players?

Published

on

Grey Metal Briefcase

With ITV’s reboot of Deal or No Deal now in full swing, fans have noticed that some of the most exciting moments have involved Welsh contestants. With viewers highlighting the charm and entertainment value of Welsh players, we’ve discussed why the hit game show could benefit from getting more locals involved.

The popularity of Deal or No Deal

The initial run of the UK’s Deal or No Deal was broadcast on Channel 4 between 2005 and 2016 before quietly being axed. In 2023, a new revival returned to ITV with a slightly altered format. With viewers flocking to the series in droves, the broadcaster was quick to renew the show for another season this year.

As the game is entirely luck-based, it has made it a great source of inspiration for online gambling games. This includes multiple online slots and even live dealer game shows with Deal or No Deal branding. These are featured at several quality sites that offer UK casino bonuses to new players in Wales, including 888Casino. Until the Welsh get more representation on the show, this is one of the best ways for players to experience being a contestant.

Welshman centre of memorable episode

During the early weeks of the series’ revival in 2023, an episode featuring Portsmouth-based Welsh player Simon inspired a passionate response from viewers after he played a comically bad game. Simon was adamant that his case contained £100,000, only to watch his chances at fortune slowly dwindle.

His confidence ultimately saw him make poor decisions after poor decisions, turning down strong offers and even inspiring viewers to back the Banker in frustration. The game culminated with Simon opening his case to win 10p. Despite his poor efforts, the episode generated widespread online conversations, leading us to believe that more Welsh players deserve a go at the jackpot.

The case for more Welsh players

After Simon’s disastrous performance, it seems fair that another Welsh player is invited along to do their country proud. In the final episode of the series’ ITV broadcast in 2023, Welsh player Jamie Foulkes from Cefn Mawr became an audience favourite after displaying the natural charming and quick wit characteristic of our locals.

His gameplay saw him nicknamed “mystic Jamie” for his ability to correctly guess case amounts, and after an extended moment of consideration, accepted a life-changing Banker’s offer of £14,850. This is a considerable amount when considering the top prize in the relaunched edition is £100,000 rather than the previous £250,000 offered.

The revival series is produced in Salford’s Media City complex, making it only a short drive away from residents in Northern Wales. This was one of the reasons that Foulkes applied for the show, so there’s no reason why more Welsh players couldn’t be selected.

Welsh players bring something special

Whether it’s the captivating yet frustrating performance of Simon or the charming run of Jamie Foulkes, Welsh players have already made a splash on the revived series of Deal or No Deal. We hope that the future season will showcase more local players to display our unique charms across the UK.

Continue Reading

Community20 hours ago

Milford Haven’s heartwarming ‘Christmas Together’ event another success

MILFORD HAVEN came together once again on Christmas Day for the annual ‘Christmas Together’ event, a cherished tradition that has...

Community20 hours ago

Heartfelt Christmas message from Tenby’s Mayor

THE MAYOR of Tenby, Councillor Dai Morgan, has delivered a warm and heartfelt Christmas message to the community. Cllr Morgan...

Crime2 days ago

Arrest after fatal Carmarthenshire hit-and-run

A MAN has been arrested following a fatal hit-and-run collision in Llanpumsaint, Carmarthenshire, on Monday (December 23), which claimed the...

Crime2 days ago

Police hunt driver after dog walker killed in Carmarthenshire hit-and-run

A PEDESTRIAN walking his dog has died after being struck in a hit-and-run collision on a Carmarthenshire road on Monday...

Business3 days ago

Holyhead closure: Storm damage could delay reopening until March

HOLYHEAD port faces an extended closure following significant storm damage, with fears it may not reopen until March. The disruption...

Crime3 days ago

Begelly man sentenced for carrying metal bar during nightclub fight

A MAN has been sentenced after approaching a Pembrokeshire nightclub armed with a metre-long metal bar. Just after 2:30am on...

Education3 days ago

Respite care facilities at Pembrokeshire school approved

PLANS for a respite care facility at Haverfordwest’s Portfield special school have been approved. An application to Pembrokeshire County Council...

Community5 days ago

Festive celebrations at St Davids Cathedral this weekend

ST DAVIDS Cathedral is set to host two special events on Sunday (Dec 22), offering a blend of joyful participation...

News6 days ago

Ferry accident causes delay on new Dublin-Fishguard route

IRISH Ferries’ Isle of Innisfree sustained damage during arrival on Friday (Dec 20) at Fishguard port. The incident occurred as...

Entertainment1 week ago

River-themed lanterns light up Cardigan in spectacular parade

THOUSANDS of people flocked to Cardigan on Monday (Dec 18) for the much-anticipated Giant Lantern Parade, hosted by Small World...

Popular This Week