Crypto Casinos: A Front-Shop Business Model Exposed

The crypto casino landscape is often misunderstood, with many assuming that the games and platforms are built in-house. However, this is rarely the case.

Most casinos license their games from external studios, which build and maintain the game mechanics, return-to-player figures, and other essential components. These studios include Pragmatic Play, NetEnt, Play'n GO, Hacksaw Gaming, and BGaming, each with its own unique style and volatility profile.

The same studio can supply games to multiple casinos, which is why you may see the same slot or live-dealer content across different platforms. This also means that the fairness and house edge of a game are determined by the studio, not the casino.

In fact, only a handful of casinos build their own in-house titles, while the majority rely on licensed content from external studios. The relationship between the casino and these studios is crucial, as it determines which games are available and how they are presented to players.