The Hidden Empire: How Crypto Gambling Became an $81 Billion Shadow Industry

On The Margin

The Hidden Empire: How Crypto Gambling Became an $81 Billion Shadow Industry

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YieldSec, an anti-crime platform using adapted military counter-terrorism technology, claims the illegal crypto gambling industry generated $81.4 billion in revenue in 2024, nearly matching the entire estimated legal online gambling market and dwarfing traditional operators like Flutter and DraftKings who struggle with profitability.