Gaming Industry Could Do More With Crypto Despite CLARITY Act Setback

Highlights

• G2E speakers said gaming companies could expand their use of cryptocurrency and stablecoins despite the stalled US CLARITY Act.
• Faster payments, lower transaction costs and existing compliance systems could support wider crypto adoption in gaming.

The gaming industry could make greater use of cryptocurrency and stablecoins despite the stalled US CLARITY Act, speakers at the Global Gaming Expo (G2E) in Las Vegas said.

The discussion focused on how gaming companies can use digital assets while meeting existing regulatory requirements. Panelists included AXES CEO Earle Hall, Payline CEO Rich Winley and UBank chief growth officer Lindsay Slader.

Speakers highlighted stablecoins as one potential opportunity for the sector. These digital assets aim to maintain a value linked to assets such as the US dollar.

The panel said stablecoins could help gaming companies move funds faster. They could also provide a digital record of transactions and reduce payment costs.

Speakers also discussed how crypto payments could work with existing compliance systems. Gaming operators already use know-your-customer checks, responsible gambling controls and self-exclusion systems. Operators could apply these measures to crypto-based payment processes.

Hall compared stablecoins with casino chips. Both represent a fixed value and depend on assets held by the operator.

Consumer demand could also support wider adoption. Research discussed at G2E showed interest in cryptocurrency among some online sports bettors. This could create opportunities for operators and payment providers.

However, crypto adoption still depends on local rules. Operators must review state-level requirements and financial compliance obligations before adding digital-asset payment options.

The stalled CLARITY Act may limit regulatory clarity in the US, but G2E speakers said the industry can still explore crypto within existing frameworks.

The G2E discussion suggested that the stalled CLARITY Act does not necessarily prevent gaming companies from exploring cryptocurrency, particularly through stablecoin applications that can operate within existing regulatory frameworks.

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