Cryptocurrency casinos sit in an unusual pocket within the vastness of the online casino world. They are not fully accepted by the masses, not just yet anyway. By the same token, there are many countries where their mere existence is still up for debate. One thing that is true is that cryptocurrency as a financial asset class is going nowhere.
The next decade will shape how integral it becomes in our lives. You only need to browse social media to see that there are swathes of people who are upset that they missed the recent price surge. It is not uncommon to hear X users proclaiming how cryptocurrency is “not real money” and how it is “backed by nothing.”
However, when we examine individual countries and their approaches to casino gaming and cryptocurrencies, we find that they operate on a more broad scale. Today, we’ll examine the burgeoning Indian market, how its approach to online gambling could shape the future of the wider iGaming world, and how cryptocurrency is implemented into its financial system.
Similarities between crypto and other digital casinos
Ultimately, it’s only the payment system that differs. While we will get onto that shortly, cryptocurrency casinos have plenty of similarities, they often have the same games, use the same software providers, and offer the same bonuses. The only way the promotions and bonuses differ is when they incentivize specific payment methods.
So, for example, a cryptocurrency casino might encourage people to deposit with altcoins like XRP rather than Bitcoin. They may incentivize this bonus by providing a matched deposit bonus, such as 150% of up to $300 worth of XRP you deposit, as an example.
There’s a full list of bonuses available on AskGamblers, but in a nutshell, Indian customers can access the same bonuses that have proven successful in a variety of other gambling markets.
How do they work?
If you’re unaware of how cryptocurrency wallets and transactions work, you must bolster your knowledge before using a casino gaming platform. While cryptocurrency and blockchain technology are making waves across the financial industry, with BTC hitting a recent all-time high of a whopping $106,000, you can still be susceptible to issues if you don’t know what you’re doing.
Many providers offer crypto wallets, which are free to open. Popular providers include MetaMask and Phantom Wallet, which is used for Solana.
Once your wallet has been set up and you have deposited funds, either by buying your crypto through a central exchange or directly using your bank card on a wallet, you then connect the wallet to the crypto casino.
Cryptocurrency has been touted as one of the top investments over the last few years, but it wasn’t until 2024, and early in 2025, that the true potential of the asset has revealed itself.
It’s not just casino companies that specialize in crypto payments. Other industries are seeing an increase in the number of people seeking out their services. Traditional providers are also looking to expand their reach and offer conventional, centralized payments alongside crypto options.
Will it make a dent in the Indian market?
At the moment, the Indian gambling market is still in a formative period. Granted, there are tens of millions of gamblers in India, but much of this market is leaning toward sports betting, predominantly cricket. Some of the viewing figures emerging from India are staggering. Partly because of Disney’s multi-year deal to stream cricket within the country. The hope for casino gaming companies is that this market will switch from sports to casino betting.
Currently, less than 20% of Indian states allow gambling. One of those states is Sikkim, which has a considerable presence in the national market. It’s home to the Indian lotto and has fully regulated sports and casino gaming facilities.
However, Sikkim, like other Indian states, doesn’t have any precise regulation about whether casino gaming companies can use cryptocurrency payment options. While plenty offer them, and millions of customers use them, it’s still a regulatory grey area.
Indians have warmed to Bitcoin, and although it still polarizes some citizens, there seems to be more of a positive push toward the presence of cryptocurrency in the financial market, and casino gaming in the entertainment market. Ultimately, both things must unite for the industry’s future to move toward cryptocurrency and casino gaming.
Global attitudes to crypto and casino gaming
If enough countries move toward regulating cryptocurrency and casino gaming, India is likely to do the same. Not only is India one of the major global economies, but it continues to grow at a faster rate than many of the G7 nations.
Western economies such as Canada, the US, Australia, New Zealand, and the UK have all regulated and taxed cryptocurrency and casinos at some level, it’d be a surprise to see India go against the grain.
Final thoughts
Cryptocurrency casinos still have a lot of work to do to measure up against the might and presence of traditional digital platforms. That isn’t to do with their quality, it’s simply that they haven’t been around long enough to develop a similar sized audience.
In recent years global attitudes towards casinos and cryptocurrency have shifted into a more popular light. Bitcoin has become a much more respected asset in traditional financial circles. The idea that cryptocurrency casinos could become the future of Indian gambling isn’t the most outlandish idea.
We think it unlikely that cryptocurrency casinos will become the future of online gambling in India, at least not right away. Indian casinos will first have to take hold and grow, and while some people will use cryptocurrency, PayTM and GPay dominate the financial landscape.
Stranger things have happened though. If cryptocurrency gets the regulatory go ahead, alongside cryptocurrency casinos, then they will almost certainly have a place in the industry. But is it right to say that they’re going to be the future of Indian online gambling? We’d say that is a stretch for now.