After recently passing the 5 billion bet mark, yes billion, Primedice has officially silenced anyone who would dare dispute its claim as the “undisputed #1 Bitcoin gambling website”. However, growth sometimes also brings growing pains, and inevitably change, which is occurring right now at the Bitcoin dice site.
Primedice has officially announced that it is closing its doors to the US and Australian gambling markets, due to an “uncertain legal landscape surrounding Bitcoin gambling” – according to a company spokesperson.
While the issue of Bitcoin regulation is not something that many companies have had to face to this point, it is still a very real issue. The majority of Bitcoin gambling sites have adopted the stance of “we’ll cross that bridge when we get there” in regards to regulation questions, but Primedice appears to have chosen to be proactive.
Considering Primedice is at the peak of Bitcoin gambling performance, it has to always been looking forward, two or even three steps ahead of the competition. It is well aware of what a regulation decision against Bitcoin gambling could do to its business and is simply conducting a preemptive strike.
Why was this a good move by Primedice? Because despite slicing its traffic in half, it is stabilizing its future. Much better to redirect focus to the countries where regulation is/will be less of an issue than to push the boundaries and wind up losing more later on.
The fact is that not many other Bitcoin casino sites could do what Primedice just did – it takes a certain level of power, confidence and market share to take such a cut to traffic and revenue for what could inevitably be dubbed as doomsday prepping. However, as the old adage goes, better safe than sorry.
And let’s be honest, Primedice won’t be sorry, even without the US and Australian traffic. You don’t get to 5 billion bets by putting all your eggs in one or two baskets, and it’s safe to say that the dice site will be more than fine without them. At this point, Primedice should be applauded for taking the Bitcoin regulation issues seriously, even if they never amount to anything, and it only has itself to thank for being able to coolly drop two of the world’s largest gambling countries.
The bets are still rolling in at an amazing rate, and the countries still able to bet at Primedice will likely even increase their wagering. According to the site at the time of this writing, more than 1,300 BTC have been won on the site in the past 24 hours. Doesn’t seem like the world’s best Bitcoin gambling site is too worried right now.