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Technical luck: How the technology behind iGaming and trading converge

Professional traders would scoff at the mere suggestion that there’s any link between luck-based gambling and advanced, technical stock, commodities, forex or cryptocurrency trading. While there is little to suggest that the stock market operates like a casino game, the technology that executes and facilitates the transactions on both platforms has much more in common. For the sake of clarity, iGaming refers to any casino gambling game that takes place on the internet, such as poker, roulette, blackjack and slots.

Technology has been the most integral feature in highlighting just how much potential there is in providing a platform to casino gamers and traders to use from the comfort of their homes. Technology companies have grown by bringing a new wave of customers into the digital casino and live trading environment. It’s safe to say that without the phenomenal achievements and inventions in internet security, mobile app development, smartphone designs and internet connectivity, iGaming and trading platforms wouldn’t have seen anywhere near the same levels of activity that they currently enjoy.

Technology in 20th century gaming: A promising opportunity

Casino gaming has rarely gone through a patch where it has failed to churn out profit. However, as the sector becomes busier and more saturated, and as more companies than ever look to get their hands on the profit that exists within the industry, some fall short of the mark and are unable to solidify themselves as genuine operators in the market.

Firstly, to truly understand how technology has changed casino gaming, it would be a mistake to overlook the importance of mass internet connectivity. Throughout the 1990s, many iGaming companies were just registering themselves online. Among all the boxes they need to tick with legislative bodies, setting up domains and opening a dialogue with many technological experts were two items also high on the agenda. Knowing how to deliver their services to a global, digital audience was the key to a creative and entirely new way to game. However, it all hinged on the reliability of internet platforms and digital technology.

21st century iGaming tech: A generational opportunity

As the 2000s slowly crept up on us, it quickly became evident that online casino gaming was the start of a new era. Instead of local casino companies competing against each other on a local or national level, iGaming companies had to compete against the best global providers. The reward was a global audience of millions of bettors. Instead of having the best casinos in one specific country, if an iGaming company was able to establish its name, they were positioning themselves as one of the best in the world. Fast payout casinos in Ireland wouldn’t just be hoovering up the most significant chunk of the Irish gambling market, they’d also have their eyes on prominent neighbouring markets such as the United Kingdom and mainland Europe.

Understandably, this led to an unbelievable number of technology companies diverting their time and efforts to facilitate this gambling action and to try and get a footing in a global iGaming market worth over $100bn annually, which has grown year after year since the mid-2010s.

Modern day technology in iGaming

As we head into 2024, modern technology in iGaming is continuing to innovate, and with a global market ploughing ahead like a juggernaut, there’s more emphasis than ever on finding ways to break the cluster of top casinos at the top that are attracting more customers than their competition. Underpinning the immense potential and growing developments within iGaming are a host of technology companies that make it their main aim to provide the best platforms that make convenience the number one driving force behind continuous ingenuity in the exciting global iGaming sector.

Now that mobile apps are such a dominant force, this is where the bulk of innovation comes from. Better designs, faster computing power and higher-quality graphics are all prevalent in the technological advances we see in the casino gaming sector. Internet security also plays a pivotal role in cementing consumer confidence in the industry.

Ultimately, any sector where we deposit our funds or our hard-earned money is at stake, whether in iGaming or being traded on the stock market, we want to ensure we’re the only ones who can control where it ends up. This means that internet, mobile app and website security all need to be strong enough to keep prying eyes away from this activity.

While the vast share of casino companies will ensure that there are no security issues with their website or mobile app, Playfina Casino, Rooster Bet and Drip Casino are three that are often cited as top performers within this field. However, with such a wide range of choice available online, we’d suggest checking out more than one so that you can get a feel for what the site has to offer, and you can select the provider that works best for you.

Trading and iGaming: The importance of knowledge and responsibility

It’s vital to point out early on that trading isn’t something you should do on a whim, nor should you invest in a product on the stock market or in the cryptocurrency space because your favourite celebrity advertised it on Instagram. Likewise, if you are betting on a casino game, you must only use funds you can afford to lose and should never start chasing your losses.

While trading is a lot more specialist than gambling, there’s also the potential for you to lose a lot of money if you don’t know what you’re doing or don’t have the same level of risk management as an experienced trader. Seek out information on managing risk or what responsible gambling looks like before you decide to take up either and always understand that your capital is at risk regardless of your experience level.

Overlapping technology in trading and iGaming

All the components we discussed at the end of our last section exist in the trading world too. Although there are clear differences between the different markets that people trade in, with foreign currency (forex), commodities and cryptocurrencies all having their own unique determinants and individual factors that drive the price of the overall market up or down, the technology that is used for trading them remains essentially the same. Full-time stockbrokers or forex traders have their own strategies that work. The constant that exists in both sectors is the ability to find trading software and technology that is secure and dependable.

Just like in the world of iGaming, smooth trading platforms, transaction execution and strong internet security are three of the most critical elements of any trading platform. It doesn’t matter if it’s a professional hedge fund trader using capital in the hundreds of billions or if you’re trading with a few hundred pounds via a mobile app from home, there’s a mutual interest that results in both these industries becoming intertwined.

While the iGaming industry is significant and continues to have an impact on a global scale, it pales in comparison to the size of the trading industry. By breaking down many of the walls in trading, these markets have welcomed millions of new customers to their service. Security and convenience are the driving forces behind any new service that can find an audience online.

Smooth payment services

Ultimately, whether you are trading, playing a casino game or buying goods or services online, the least you should expect from the company you are doing business with is that they can keep your information secure. Despite the apparent differences between trading and iGaming, if a company that exists within either of these sectors is unable to keep your information or money secure, then this could spell disaster for them.

Therefore, both these types of companies seek out the best consultants and technology to provide cutting-edge, innovative advice on how to protect themselves best. They work to bolster their overall service by consistently seeking out the best options in online security and convenient customer platforms.

Conclusion

At the end of the day, many of these variables are non-negotiable for companies with a strong online presence that handle swathes of sensitive customer information. Many technology companies specialising in groundbreaking graphic designs, strong firewall security and seamless ways to deposit your funds will service dozens of industries.

While they might emphasise and tailor their services to trading companies or big names within the digital casino sector, these positive variables are necessary for any reputable, legitimate global digital business. Mobile phones have changed both of these industries to such an extent that it’s acted as a bridge for people to be able to access both a lot more conveniently.

The middle ground in this equation where these two industries are concerned revolves around security, a smooth customer experience and top-of-the-range mobile compatibility. As mobile phones become more important within both sectors, the technology that drives their success will be welcomed with open arms by prominent trading platforms and iGaming companies. As long as convenience and security continue to improve, these sectors will continue to share more technologies.

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