• Bonuses
    • Latest Bonuses: August 2025
    • No Deposit Bonuses
    • Free Spins
    • VIP Programs
    • Welcome Bonuses
    • Cashbacks
    • Airdrops
  • Cryptocurrencies
    • Bitcoin IconBitcoin
    • Tether IconTether
    • USDC
    • Ethereum IconEthereum
    • Solana LogoSolana
    • bnbBinance
    • All Cryptocurrencies
  • Games
    • Crash
      • Crash Games
      • Best Crash Casinos
      • Crash Gambling Strategies
    • Plinko
      • Plinko Games
      • Best Plinko Casinos
      • Plinko Gambling Strategies
    • Slots
    • Poker
    • Blackjack
    • Roulette
    • All Games
  • Guides
    • Stats
      • 20+ Bitcoin Casino Statistics
      • Online and Crypto Gambling Legalities
      • All Stats
    • How-To
      • Make a Deposit With Crypto
      • How to Tell if a Casino is Legit
      • All How-To Guides
    • Tips
      • Bitcoin Gambling Strategies
      • Manage Your Casino Bankroll Like a Pro
      • All Tips
    • Privacy & Verification
      • Casino KYC Requirements
      • Best VPN Friendly Casinos
      • All Privacy & Verification Guides
    • All Guides
  • About Us
Casinos Blockchain
  • Bonuses
    • Latest Bonuses: August 2025
    • No Deposit Bonuses
    • Free Spins
    • VIP Programs
    • Welcome Bonuses
    • Cashbacks
    • Airdrops
  • Cryptocurrencies
    • Bitcoin IconBitcoin
    • Tether IconTether
    • USDC
    • Ethereum IconEthereum
    • Solana LogoSolana
    • bnbBinance
    • All Cryptocurrencies
  • Games
    • Crash
      • Crash Games
      • Best Crash Casinos
      • Crash Gambling Strategies
    • Plinko
      • Plinko Games
      • Best Plinko Casinos
      • Plinko Gambling Strategies
    • Slots
    • Poker
    • Blackjack
    • Roulette
    • All Games
  • Guides
    • Stats
      • 20+ Bitcoin Casino Statistics
      • Online and Crypto Gambling Legalities
      • All Stats
    • How-To
      • Make a Deposit With Crypto
      • How to Tell if a Casino is Legit
      • All How-To Guides
    • Tips
      • Bitcoin Gambling Strategies
      • Manage Your Casino Bankroll Like a Pro
      • All Tips
    • Privacy & Verification
      • Casino KYC Requirements
      • Best VPN Friendly Casinos
      • All Privacy & Verification Guides
    • All Guides
  • About Us
tokenization of betting featured image
Written by avatar
Written by
Nick Kaloyanov
About the author
Nick is a seasoned casino expert with over 5 years of experience in the industry. He possesses in-depth knowledge of casino games, cryptocurrencies, and operators. His passion for research keeps him at the forefront of industry trends and developments. In his free time, Nick enjoys indulging in shopping sprees and can often be found binge-watching his favorite TV series
Read more
Verified by
Alessia Pesavento
About the author
A digital native and an early enthusiast of blockchain technology, Alessia has collaborated with leading crypto casino platforms, ensuring accurate data on guides, articles, and reviews. She’s responsible for verifying the information and research that backs up our content – so that you can make informed decisions with your crypto.
Read more
Last update
August 18, 2025

Tokenization of Betting: The Rise of Utility & Governance Tokens at Crypto Casinos

Tokenization refers to the process of converting an asset or anything of value into a digital token that can later be traded on a blockchain platform or used as a chip in an online casino. Virtually anything can be tokenized, including the profits casinos make. 

In this article, we explore the tokenization of betting and the rise of different tokens that are powering crypto casinos toward a new era of iGaming. 

The Rise of Utility Tokens in Crypto Casinos

As their name suggests, utility tokens are designed to serve a particular purpose or utility. In terms of crypto casinos, they are used as coins to power the gameplay and facilitate transactions.

For example, players can use utility tokens to unlock platform-specific features like access to exclusive games and features. 

Moreover, utility tokens can be used to reduce payment fees, much like on certain exchange platforms. Take Binance.US, for example. Binance allows the use of its native token (BNB) to reduce trading fees by between 10 and 25%.

BNB discount
You can reduce trading fees by using Binance’s token BNB.

Ultimately, utility tokens can sometimes offer additional rewards or incentives, making the gaming experience more engaging and potentially more profitable.

Utility tokens integration into crypto casinos demonstrates a clear shift towards a more efficient, user-friendly, and innovative online gambling environment.

For example, utility tokens may enable purchases within the game, such as acquiring unique avatars.

Governance Tokens: Empowering the Betting Community

Governance tokens can be seen as getting a step closer to decentralized decision-making, even when crypto casinos are at stake. These tokens function like shares in a company, giving holders a vote in the casino’s governance and development.

Another purpose of governance tokens is to give holders a share of the profits. So, by getting governance tokens, you are effectively procuring a share of the casino and all the benefits that come along with it.

Governance tokens grant players a say in casino operations.

The same thing has happened with governance tokens from DEXs like Uniswap or YFI from Yearn. Finance, which has gone from $790 at its inception in July 2020 to close to $25,000 by December 2020, posted a market cap value of $740 million. 

Maker DAO, which has fully transitioned to community-based governance, is a good indicator of how the betting community can get its voice heard and directly impact the development of the industry. 

Benefits and Challenges of Tokenization in Betting

The tokenization of betting brings significant benefits, such as enhancing transparency and security in transactions with utility tokens. Every transaction is recorded on a decentralized ledger, making the process transparent and easily auditable.

This sort of transparency is vital in building trust among users, as it guarantees the fairness of games and the legitimacy of transactions.

Governance tokens, for example, facilitate decentralization, allowing users to participate in project governance, an essential element of the DeFi ecosystem that crypto casinos are definitely a part of. 

When it comes to security, tokens are a game changer. Take the Ethereum blockchain, where transactions with tokens like ETH are secured and verified across multiple nodes, making it extremely difficult to tamper with transaction data. 

The tokenization of betting enhances transparency and security in transactions, recorded on a decentralized ledger for easy auditing.

On the other hand, governance tokens may end up in the possession of just a few individuals, just like with the shares of any company so that power can be easily concentrated.

Also, there are regulatory concerns. Few reputable gambling jurisdictions, save from the Malta Gaming Authority, are willing to give cryptos and tokens the green light.

Ultimately, there’s a growing need for user education since not many understand the application and the advantages thereof, even in the tech-driven community of crypto casino players. 

Examples of Tokenization in Online Casinos

It’s safe to say online casinos are no strangers to tokenization, but few do it like BC.Game and BetFury.

BC.Game

BC.Game stands out with its extensive selection of over 80 cryptocurrencies, offering a diverse range of options for users to get into their betting groove with more confidence. 

Moreover, BC.Game innovatively tokenized its gaming license. After securing a license from Curacao Interactive Licensing N.V., they digitalized it by uploading it to the decentralized storage blockchain, IPFS.

Subsequently, the license was minted into a Non-Fungible Token (NFT) compliant with the EC-721 standard and transferred to BC.Game’s Ethereum Name Service (ENS) account.

BetFury

On the other hand, BetFury uses its native token, BFG, to deliver smooth transactions within its platform, making BFG an integral part of the casino’s gaming and reward systems.

BFG information from CoinMarketCap

BetFury’s distinctive mining approach, involving placing bets and seizing Staking opportunities, has become a defining feature of the project, allowing holders of BFG tokens to earn multicurrency profits from the Staking pool.

What are the benefits of using tokens like BFG? We asked BetFury themselves:

Tokens provide additional benefits, such as rewards for playing games, and competing in Battles. Also, investing in some native tokens, allows users to be entitled to a share of the platform’s income. For example, having only 100 BFG on BetFury balance you receive top crypto daily payouts from BFG Staking.

So, all in all, we can conclude that tokens make the crypto casino experience more rewarding and engaging.

PS: We’ve got an article dedicated to exploring the best crypto gambling tokens in circulation, if you’re interested.

The Future of Tokenization in Betting

The future of tokenization in betting is marked by significant advancements, especially in terms of making financial services more transparent and open.

There is no need for intermediaries, which gives individuals more control. Standardizing tokenization is another step in the right direction, which can result in seamless token transfer and exchange between blockchains and reduce transaction costs. 

On the flip side, the same standardization should apply to regulatory compliance, which is one of the biggest challenges of tokenization.

Without greater adoption, investors can’t get the protection and predictability they are after and the economic stability necessary for an even wider penetration of crypto tokens in the casino industry.  

Final Thoughts

Throughout this article, we’ve delved into the dynamic world of tokenization in betting,  especially how utility tokens streamline gaming transactions.

In contrast, governance tokens grant players a say in casino operations — the practical examples of BC.Game and BetFury exemplify these trends in action. 

Looking ahead, there is a bright future where these tokens further democratize and enhance the crypto casino experience. However, they must first navigate the complexities of regulatory frameworks before growing into more than just a feature of some crypto casinos. 

    Latest News

    Gambling With Solana vs Tether: Is $SOL a Decent Alternative to Stablecoins?

    September 1, 2025

    Gambling With Solana vs Tether: Is $SOL a Decent Alternative to Stablecoins?

    Solana’s decentralised exchanges now move more weekly volume than Ethereum’s mainnet. That raw throughput, combined with sub-cent fees and instant confirmation, tempts crypto-casino players who value speed. At the same time, stablecoins like Tether remain the default chip for gamblers who refuse price swings. But is $SOL a decent alternative, or just another coin that […]

    read more
    MetaMask Casinos: The Ultimate Guide to MetaMask Gambling

    August 29, 2025

    MetaMask Casinos: The Ultimate Guide to MetaMask Gambling

    MetaMask is one of the most popular crypto wallets worldwide in 2025, and it continues to be the go-to option for many crypto gamblers. But why is that? I looked far and wide for the best MetaMask casinos and finally have some top picks.  Excited to get started already? Here’s an overview of my favorite […]

    read more
    MetaMask gets a Solana upgrade: What do you need to know if you’re a casino player?

    August 29, 2025

    MetaMask gets a Solana upgrade: What do you need to know if you’re a casino player?

    MetaMask has long been the go-to wallet for Ethereum and USDT players. But until recently, Solana fans were left on the sidelines, forced to use Phantom or other niche wallets. That’s changed; MetaMask now supports Solana natively. For casino players, this means direct access to SOL deposits, swaps, and gameplay without juggling multiple wallets. It […]

    read more
    BC.Game alternatives: Top 6 casinos like BC.Game in 2025

    August 28, 2025

    BC.Game alternatives: Top 6 casinos like BC.Game in 2025

    BC.Game is a one-stop gambling platform that offers casino games, live dealers, and even sports betting. Even so, it has some distinct disadvantages: BC.Game Cons ❌ Restricted in many regions❌ Potential KYC ❌ Min. withdrawal limits could be lower Luckily for you, we’ve done all the hard work and created a list of the best […]

    read more
    Stake alternative: The top Stake casino alternatives in 2025

    August 28, 2025

    Stake alternative: The top Stake casino alternatives in 2025

    Stake.com has grown into one of the largest online casinos in the world. The gambling site offers over 3,500 casino games, including 19 in-house originals, plus sports betting. Even so, a growing number of gamblers are looking for a Stake alternative. Why? Stake cons ❌ There is no welcome bonus❌ Stringent Stake KYC policies The […]

    read more
    Bitcoin spread betting: Here's everything you need to know

    August 28, 2025

    Bitcoin spread betting: Here's everything you need to know

    Crypto trading often feels like gambling – volatile markets, high stakes, and emotional swings. But Bitcoin spread betting takes it a step further. You’re not buying or selling actual BTC; you’re betting on its price direction, much like placing a wager on a roulette spin. The appeal? In some countries, you can profit from Bitcoin […]

    read more
    5 sites like Roobet (and better) that we love in 2025

    August 28, 2025

    5 sites like Roobet (and better) that we love in 2025

    Roobet is a safe and well-loved crypto casino, a staple for many gambling enthusiasts. But it’s not available everywhere, and it’s not without its downsides. Roobet Cons ❌ No welcome bonus❌ Strict KYC before withdrawal❌ Restricted in many regions Not to worry, though, there’s some good news! We’ve got you covered with the top five […]

    read more
    Best Bitcoin wallet for online gambling: Our top picks

    August 28, 2025

    Best Bitcoin wallet for online gambling: Our top picks

    Looking to bet with Bitcoin or other cryptocurrencies for gambling? You’ll need a secure wallet to keep your crypto. But how do you even choose one? In this article, I’ll help you choose the best crypto wallet for online gambling. Read on to learn about: Let’s jump right in: In a time crunch? I won’t […]

    read more
    Casinos Blockchain
    • About
    • Review Process
    • Responsible Gambling
    • Cryptocurrencies
    • Games
    • Blog
    • Privacy & Cookie Policy

    © Casinos Blockchain, 2025. All rights reserved.