A look back at the crypto casino landscape in 2022, the year the market broke. This page is kept as an archive and does not reflect current offers or recommendations.
This is an archive page
It describes the crypto casino landscape as it stood in 2022 and is kept for reference. Nothing on this page reflects current offers, bonuses or recommendations. For sites we rate today, see our crypto casinos hub.
2022 was the year the crypto market broke, and the casino sector felt it directly. Bitcoin started the year near its all time high and ended it around a fifth of that. Two collapses defined the period: Terra and its stablecoin in May, and FTX in November. Between them they wiped out confidence in a way that reshaped how players thought about holding funds anywhere they did not control.
For crypto casinos the practical consequences were immediate. Balances held in volatile coins lost value while players slept. Stablecoins went from a convenience to the default choice at many sites. And the question of who actually holds your money stopped being theoretical.
The sector was smaller and considerably less regulated than it is now. Most crypto casinos operated on Curacao licences, welcome offers were enormous compared with fiat casinos, and the games mix leaned heavily on in house originals rather than the major studios.
Almost everything about how we would advise a player today differs from the advice that made sense then.
The one thing that has not changed is the basic rule: the licence and the payout record decide whether a casino is worth using, and the coin is a detail by comparison.
If you arrived here looking for casinos to play at rather than a history lesson, these are the current pages.
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