We are live!!! Really looking forward to see you all in my dms and share feedback, questions or whatever comes to your mind. Happy to launch today.

We’re hiring a Writer / Journalist at FairGambling - (+ referral bonus) At FairGambling we’d rather hire from the community than post on job boards. This time, we’re looking for someone to help build the news side of FairGambling. You’ll cover daily news across crypto gambling & iGaming, but also work on deeper stories and investigations. Sometimes that starts with a tip, a screenshot, a transaction, a piece of data or something in the industry that just looks interesting. Some stories take a few hours. Others might take days or even weeks to properly research. You might be a great fit if: - You’re a strong writer - You’re curious and like digging into things - You’re comfortable reaching out to operators, streamers, players and other sources - You know the iGaming space or follow it closely - You can work independently and take ownership of a story - You enjoy both fast daily news and longer investigations You get: - Fully remote - Flexible working hours - Competitive salary + performance bonus - A lot of ownership over what we cover - Time to work on proper investigations, not just article volume Apply here: docs.google.com/forms/d/e/1F… Or know someone who fits? We’re paying a $1,000 referral bonus.

think all of us have seen those videos of someone casually running $200 into $20k in bed in the morning, turns out a lot of it isn't real but it doesn't really matter for the engagement. crazy wins get views, views make accounts look bigger and the bigger the account gets, the more opportunities come with it everything online is attention based at this point, so probably worth questioning what you're actually looking at before believing the numbers on screen

there has been a lot of noise around @enginedotio recently big streamers are launching their own slot studios, stake engine rebranded to engine and is now expanding to other casinos, and since april stake streamers have only been allowed to play on these categories only: only on stake, new releases, stake originals and live games engine itself is also a pretty interesting model which benefits easygo as a company but also every game studio and individual building on this ecosystem studios can either take 7.5% of expected GGR or 10% of realized GGR, while engine provides most of the infrastructure and distribution so let’s take a look at how big the engine has become inside stake and how much money is flowing through these games here are the numbers: over the last 28 days Stake reported $23.73B in casino wager across all games and $978M in sportsbook wager $8.25B came from third party providers $7.96B from Engine games $7.51B from Stake Originals $978M from their in-house Sportsbook meaning engine alone now accounts for 32.2% of all casino wager on stake so engine games are currently doing roughly 8x the wager of the entire Stake sportsbook, but one important disclaimer before looking deeper into those numbers: Stake’s displayed wager includes streamer wager @blackcoffeeslot confirmed: "this number displayed on stake includes affiliate wager, which doesn’t contribute towards what a provider gets paid, which will account for an enormous amount of this wager number" so streams and gameplay of @Trainwreckstv or @BigFoltz is being reflected in the total amount of stake is reporting meanwhile the official engine website doesn't count that streamer wager towards their stats so we can calculate the difference and we can pretty much see the impact right away when comparing the number reported on stake with the number of the same game on the engine website @ValkyrieXStudio is probably the most extreme example because Train is always playing their games so heavily engine reports $1.31B in Valkyrie turnover over the last 30 days, on stake itself the number is $4.08B wagered on Valkyrie games in only 28 days Waylanders Forge clearly the most popular game in the engine having more wager than place #2 to #5 combined marks a difference of $705.9M on engine stats to $2.98B on stake for most other engine studios the gap is much smaller, which makes sense considering just how much Valkyrie volume comes from train and other streamers playing their games and this is also important for the Valkyrie numbers @erion0x posted yesterday if you take the wager and actual RTP displayed on Stake and apply Engine’s 10% realized GGR model, Valkyrie’s games look insanely profitable in our 28 day Stake data alone Valkyrie generated $4.08B in wager and around $109M in realized GGR 10% of that would theoretically be $10.9M for Valkyrie but that’s not what they actually get paid engine reports only $1.31b in eligible turnover because streamer wager is excluded, and engine doesn’t publish the actual rtp of that eligible volume so we know the exact turnover they use for publisher payments, but not enough to calculate valkyrie’s exact payout but we can get pretty close the top 100 engine studios generated $3.19b in eligible turnover over the last 30 days the top 100 games alone account for $2.63b of that applying each game’s theoretical house edge to its engine turnover gives us roughly $82m in expected ggr across the games under engine’s guaranteed model, 7.5% of that would mean roughly $6.1m paid to studios in a single month if we instead apply the actual rtp we observed for those same games on stake, they would have generated roughly $117m in realized ggr at engine’s 10% profit share that would translate to roughly $11.7m for the studios obviously the second number is an estimate since we don’t know the actual rtp specifically for the non-streamer wagers engine counts, and different studios can choose different payment models but it gives us a pretty good range for how much money is already flowing to engine studios every month and there is another interesting part to the economics once engine expands these games to outside operators, the split changes to 93% for the casino, 5% for the studio and 2% for engine so on $100m in realized ggr distributed through engine, that would mean roughly $93m for the operator, $5m for the studio and $2m for engine and when you remove the stake streamer wager, the size of engine inside stake also looks very different using engine’s own publisher-eligible turnover instead: $8.25b third party providers - 41.4% $7.51b stake originals - 37.7% $3.19b engine - 16.0% $978m sportsbook - 4.9% so while engine represents 32.2% of the total wager displayed across stake, the non-streamer turnover reported by engine itself brings that share down to roughly 16% still a pretty crazy number considering engine is already doing more non-streamer wager than 3x stake’s entire sportsbook and for some perspective, eddie recently confirmed the scale engine has already reached over the past year: $24b+ in turnover $90m+ paid out to publishers 4,000+ games built 1,000+ unique publishers all while engine content was previously only available on stake

6qq6 deposited $7,905,540 into duel this morning and wagered $375,727,964 before lunch. withdrawals: $0 game breakdown: blackjack: $317.8m wagered, -$7.1m plinko: $49.6m wagered, +$591k dice: $8.2m wagered, -$1.4m no limbo, not a single sports bet and not even a pragmatic slot his deposit wallet 0xba7725c89ce67e0993222253c14349a1fcf7832c was fully funded by bridge transfers, the money came in from another chain: 05:08 - $400,079 05:59 - $400,039 06:27 - $400,079 06:28 - $400,039 09:17 - $400,039 09:58 - $5,906,260 the wallet has no history before today and didnt deposit at any other casino we track, all funds were bridged straight into the deposit wallet so we dont have a direkt source of funds the deposits match his public duel profile to within 0.013%, apparently he left with nothing. we tracked $370m of his wager in our live bet feed, see the full breakdown for 6qq6 on fairgambling.com/players/6qq…

I think this is a step towards making crypto gambling more fair and transparent for everyone. My timeline has been filled with this for weeks: no provably fair system, withdrawals held, "bonus abuse", a random KYC level 3 pulled out at the last second, and "gameplay checks" that appear the moment someone wins. Here's how it works. You file a case against a casino with your evidence. 1. A resolver reviews it and either approves it or tells you what's missing. 2. The casino gets a chance to respond in a shared thread with you. If they stay silent, the case closes as unresolved and will negatively impact their FairGambling rating. 3. Every case is public, forever. Resolved or unresolved, we publish it either way, including the ones that go against the player. So we published a set of rules that we'll use to judge every case: fairgambling.com/complaints/… The core of it: - Withdrawals should be processed without unnecessary delay - If a casino closes an account, the player should be put into withdraw-only mode and allowed to take their remaining balance out - If a game is advertised as provably fair, a real provably fair system has to exist. Otherwise we treat it as false advertisement - If a casino requires KYC, it should be requested before the player deposits, not after they win - If you take a sports bet, you take the action. Once a casino accepts a bet, it should honor it If a casino has treated you unfairly, file it and we'll help you with your claim.

if your money loses 10% a month just sitting there, a 96% rtp slot feels like the better choice. when saving stops working, the long shot is the last try to escape the underclass argentina, turkey, zimbabwe, venezuela.... in all four countries, gambling searches track the currency collapse argentina went x45 into the 2023 peak, then halved as inflation came down. same people, same phones, same casinos. only the money changed

a us appeals court ruled on aug 28 that nevada can enforce its gambling laws against kalshi's sports contracts. all three judges. first loss for kalshi at this level kalshi's argument was that these are swaps, not bets, so only federal regulators get a say. the court said calling them swaps doesn't change what they are, and that denying they're sports bets is disingenuous @mattkalish has been saying that since may and got told to stfu for it the numbers the court quoted from kalshi's own filings: over 90% of 2025 trades, 95% of revenue, sports meanwhile weekly volume across kalshi and polymarket went from $0.6b last september to $10.2b during world cup week. it's $8.5b now, the world cup didn't spike but doubled the total volume of prediction market sports volumes and sports season just started the same sports bet is unlicensed gambling if a crypto casino offers it, but was a financial product if you wrapped it in an order book. one court just said the wrapper doesn't change the thing inside Read more & the details: fairgambling.com/news/states…

We're hiring a Community & Operations Lead - (+ referral bonus) At FairGambling we'd rather hire from the community than post on job boards. Last time we posted a role here on X, we found our Streamer Manager - who’s now successfully running our streamer product and the @DegenHighs page. This time, we’re looking for a VIP Host. You might be a great fit if: - You’re not boring and are genuinely fun to talk to - You’re structured and process-oriented - You have experience or a strong interest in iGaming - You enjoy interacting with users and being part of the community You get: - Fully remote - Flexible working hours - Highly competitive salary + performance bonus Apply here: forms.gle/gzoJSEWafspYBLDW8 Or know someone that fits? We are paying a $1,000 referral bonus!

stake launched moon.com (@getonmoon) about ten days ago. charts, up or down, leverage up to 1000x on crypto, stocks, futures, commodities and forex. 24/7, including equities outside market hours it works like a trading terminal, with one difference that's actually in your favour: your max loss is your wager. no margin calls, no topping up a position, no going below zero opening costs 1% of your wager, the rest goes into your position. then a holding fee every 8 hours, same idea as funding on an exchange, except the rate isn't published. their own calculator: $50,000 at 25x held 13 hours costs $6,778. and 10% of your profit if you win, nothing if you lose that stack is why you can't arbitrage it against a real exchange. no price gap survives 1% in, 10% out and holding on top everything is open. live bets as they happen, the current up/down bias on every asset, a leaderboard, and you can follow individual users. @outlaw and @schneckyirl are both on there. rakeback on fees, vip ranks and level-up bonuses on top. all chains, all coins we traced the hot wallets across four chains. $436,476 in player deposits, from 236 depositors

Monarch AMA, tldw Money - Duel doing ~$10M/month - Empire still ~$4M/month profit, but higher house edge, which is why he never pushed it hard - Duel domain: $900,000 - ~$5M on celebrity blackjack appearances so far - Tyson the most expensive by far - Mia Malkova under $1M, still "pretty expensive". Bonnie was priced similarly Coming to Duel - Triton-sponsored heads-up tournament for super high rollers - Private poker games with custom lineups - In-house slots, he says he really wants to build them - Optional bonus mode: you get the bonuses, you pay in house edge - Calls Stake Engine a cool concept, wants to build a version with a better house edge - Long-term deal signed with Clavicular - No CS team yet, and he knows it - Still needs an influencer manager before streamers can get fills - Denied firing most of the staff, joked they haven't fired enough - X account coming back soon, he thinks The fake-money thing - The fake-balance streamers are deliberate. He calls it parody, says thepoint is to make viewers start questioning whether anything they watch is real - Still open to sponsoring streamers if the content is good - Says all gambling streamers are scum - Claims everybody knows Roshtein plays on a fake balance, and would bet heavily that Trainwrecks does too (his allegation, unverified) Shots fired - Asked whether he lost respect for Empire, he compared the two to children: Empire the "Down syndrome child" vs Duel the "super giga child". Says they still love Empire, but Duel mogs it - Gamdom "desperate" for signing SteveWillDoIt, thinks they're overpaying for streamers to stay relevant - Says Goobr didn't leave for higher limits - Doesn't think Kick would sell Rainbet-style ads to anyone else, says Sean Park has "very, very special connections" - Still has 20-30 people on the radar from the CS gambling stuff The Tate story - Tate was reportedly on his way to doing a blackjack appearance - Went quiet for months after the Bottom G stream - Came back saying they should do it immediately, "time kills us all" - Arrested shortly after

52,234 wallets have deposited exactly $100 into stake since august 6 64,312 deposits. $6.43M all on bsc, the cheapest chain to do this 84% of them deposited once, most have no other transaction. 99.8% are less than a week old so we traced where their money came from it goes in a circle stake's hot wallet pays out to 7 addresses. those 7 split it into $100 portions across thousands of fresh wallets. those wallets deposit exactly $100 back into stake. the 7 received $1,004,884 from stake across 5,139 withdrawals. for scale: the median stake withdrawal on bsc is $4. these seven averaged $195 now the part i want to be careful about a withdrawal from stake is just a user taking their money out. stake's hot wallet being the origin doesn't mean stake ran this. it means the money sat at stake before it went around and it's not one operator. in a sample from aug 12 we found 906 different funding sources across nine exchanges. the circuit above explains part of this, not all of it what it looks like: a farm chasing something tied to new depositors. bonus, points, leaderboard, airdrop. same amount every time, fresh address every time, dead after peak was aug 12 (same time Stake went dont for a short time) 9,840 wallets in one day, 3,455 in a single hour. at 19:04 we counted 92 deposits from 92 different addresses in one minute. before aug 6, exact-$100 deposits were 1.5-3.8% of stake's bsc traffic for months. last week: 19.8% was stake attacked by bots?

Back in May, Bluff had at least $3.37M sitting in their hot wallets. Today: $82,105. Two of their six wallets are at $109 and $1. So where did it go? Not a hack. Not one big transfer. They simply paid out more than they took in - every single month, four months straight. Nearly half of it happened in May. May -$1,599,229 June -$405,627 July -$802,492 August -$492,575 And the deposits died with it. $1.44M came in during May. In August: $85,750. That's 94% less $82,105 today + $3.28M net outflow = $3.37M in May. As for who received it - the single biggest destination is Bluff's own routing wallet. Besides that, four addresses took half of everything that left. $621,309 is provably cashed out through exchanges: $360,894 to @WhiteBIT, $260,415 to @Binance A few others are just normal wallets, pulling $100k -$300k out of Bluff and depositing millions at Roobet, Shuffle and Sportsbet.io now. might be players just like @PeterKolui August 3 was one of the biggest days -$478,000 gone in two hours, across all three chains at once To be clear: we only see hot wallets. No cold storage, no fiat, no books I'm not calling this insolvency. No mixer, no bridge, nothing hidden - the money went to exchanges and to maybe players.

$982K locked for a year at 12% APY for PSG to win Ligue 1 26/27 that's stablecoin yield with actual risk quick comparison with Polymarket: - $982K would pay $1,087,291 (1.10x) due to thin liquidity - $1K would pay $1,141.95 (1.14x) - Stake pays 1.12x regardless of size smaller size gets better odds on prediction markets, whales get worse. sportsbooks still win on liquidity, bonusing and lossback adding context to @Degen_Sports - follow to get notified on any sport bet or cashout above $200k

adding context to @gamstat's RTP numbers from yesterday, because as someone tracking the same live bet feeds daily, I want to explain why they shouldn't be treated as a source of truth live bet feeds are curated. casinos split them into high roller and 'standard' feeds most of the time, and most operators tune them to show more wins than losses. we've measured observed win/loss rations anywhere between 10% and 300%. that's misleading and not the actual house edge the bigger issue is sample size. we track ~$4-5B of Stake's monthly wager volume through the live feed. the actual Stake volume sits around $30B monthly. any RTP calculation off 15-20% of the data is directionally wrong if 100 players run $10 hands generating an observed RTP of ~100%, and then one high roller plays a $50k hand and loses it, the visible "RTP" can drop to 20% instantly. that's the sample flipping, not the edge changing (we might miss 5 other bets of this player) where we can cross-check with real data: Duel publishes 99.41% verified across their full volume (tested back in may with 8 months of history). Stake publishes 96.91% over the last 28 days at 3.5x the wager volume gamstat's snapshot suggests. both far from the 80% figure shown players themselves confirm this. multiple people reached out to us this year asking to correct their own stats on our site because our live feed data didn't match their actual balance. live feed data is a direction, not a proof the honest answer: there's no way to verify RTP for any casino unless it's on-chain. even a casino's own API can be adjusted. everything else, including our data and gamstat's, is an approximation i had some fun and applied some of our observed numbers below, unfiltered just what we catched respect to @xet for the data collection and would love to hear more about the algorithm you used to adjust the fake live bet feed ratios. the interpretation is where we differ