China’s Crackdown on Online Gambling Falters as Gambling dApps Take the Center Stage

The recent analysis of data from State of the dApps reveals that gambling-related decentralized applications outnumber all other dApps. Additionally, such dApps are believed to be ruining China’s ongoing attempts to crackdown on online gambling.

The recent analysis of data from State of the dApps reveals that gambling-related decentralized applications outnumber all other dApps. Additionally, such dApps are believed to be ruining China’s ongoing attempts to crackdown on online gambling.

Blockchain trend tracker SV Insight Research’s latest report on the “State of the Dapps” is sure to raise a few eyebrows within the Chinese establishment. Unless of course, the “all-seeing” CCP hawks were already aware of their faltering attempts to deliver a fatal blow to the homegrown online gambling market.

The SVIR report, based on data harvested between September 12 and October 18, 2018, claims that Chinese developers are leading the decentralized app charts with their gambling dApps.

Gambling dApps Are Thriving

Perhaps the most important takeaway from the report is the claim that “gambling dApps account for most of the dApps” around today. Notably, the SVIR report echoes the findings of a recent report by Dapp.com, which also claimed that nearly four in five Ethereum dApps launched in Q3 2018 were betting and gaming related.

More precisely, the Dapp report highlighted that of the 224 Ethereum dApps launched in Q3, 110 were designed to offer betting platforms of some kind.

The SVIR report adds more insight into that trend by pinpointing the growth rate of gambling dApps during Sep and Oct 2018. It states that compared to 224 before Sep 12, the number of such dApps increased to 467 on Oct 18. Gaming dApps came second in the list with their total number hovering around just over 430.

For the first five categories of Dapps, Gambling Dapp was the only one growing during those two months, others were dropping,” an overview of the SVIR report added.

Click here to read more.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: