In 2022, the global online gambling market grew from USD 73.42 billion in 2021 to USD 81.08 billion at a compound annual growth rate (CAGR) of 10.4%. The online gambling market is expected to grow to USD 115.13 billion in 2026 at an average CAGR of 9.2%. Widespread smartphone adoption along with improved internet accessibility is driving the online gambling market. Globally, in most countries, … Continue
The Online Gambling has registered consistent growth and is one of the most lucrative businesses today. According to stats, online gambling’s total revenue is expected to rise to USD94.80 billion by 2024. There is no better time to set up an online gambling company.
The liberal legislation and competitive tax policy of the Isle of Man make it a very attractive jurisdiction for online gambling businesses. The Isle of Man gambling license is a true quality mark for an online casino, which makes it highly desirable among operators. Gambling in the Isle of Man The Isle of Man is located between England and Ireland and is known, in addition … Continue
Obtaining an online gambling license is an important step in opening an online casino or sports betting business. Although some operators consider the application process to be complex and daunting, it is important to note that the long-term benefits of a license far outweigh the investment in money and time.
The Isle of Man Gambling Supervision Commission (GSC) awarded the license to RoBET, the first blockchain-based sports betting business to obtain it. The SolutionsHub, an Isle of Man-based authority that specializes in crypto and blockchain gambling licensing, supported them with its application. On the new platform, users can bet on 17 different sports using Ethereum, Bitcoin and their own RAC tokens. It manages all sports … Continue
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