GambleFiHub / Glossary
GambleFi Glossary: iGaming Token & Crypto Casino Terms
Short definitions of the terms used around GambleFi, crypto casinos and iGaming tokens. Token examples come from GambleFiHub's onchain tracker (as of W41, the week ending 11 Oct 2026). For longer answers, see the FAQ; for individual casinos and tokens, see All Projects. Nothing here is a recommendation or financial advice.
A
Airdrop
A free distribution of tokens to wallets or users, often to reward early activity or spread ownership. RLB started as a free airdrop on Solana, and BC.Game distributed 400 million $BC to Solana wallets in February 2025. Recipients often sell airdropped tokens quickly, which can weigh on the price.
AML (anti-money laundering)
Rules that require gambling operators and crypto businesses to detect and report money laundering. In practice this means identity checks (KYC), transaction monitoring and source-of-funds requests for large or unusual deposits. Licensed casinos must run AML programmes, which is one reason withdrawals can be paused for checks.
Anjouan licence
An online gaming licence issued in Anjouan, an island of the Comoros. Several crypto casinos list one, including BC.Game and Chips.gg. Like a Curaçao licence, it does not allow an operator to serve countries that require their own licence, and its registers are harder to verify independently.
APR (annual percentage rate)
A yearly reward rate without compounding. For casino tokens, APR is usually an estimate based on recent rewards and changes constantly. GambleFiHub shows APR only when an official dated figure exists; RLB and SHFL show n/a because they use a lottery model instead of a fixed yield. More in the FAQ.
APY (annual percentage yield)
Like APR, but assuming rewards are reinvested and compound. For the same underlying rate, APY is always equal to or higher than APR, so it is the more flattering number. Check which one a staking page quotes, over which period it was measured and in which asset rewards are paid.
B
Bridge
A protocol that moves tokens between blockchains, usually by locking or burning them on one chain and minting a matching amount on the other. Bridges have been frequent targets of large hacks. Bridge transfers can also look like burns in onchain data, which is why GambleFiHub treats its WINR burn figure as an upper bound.
Burn
Permanently removing tokens from circulation, either with a contract burn function that lowers total supply or by sending tokens to an address nobody controls, such as 0x…dEaD. Example: 3,442,407,518 RLB, or 68.85% of the 5 billion launch supply, had been removed as of W41, the week ending 11 Oct 2026. See Rollbit and the FAQ.
C
CEX (centralised exchange)
A crypto exchange run by a company that holds users' funds and matches orders on its own systems, such as Binance, Coinbase or Kraken. A listing on a large CEX usually brings more liquidity than DEX trading alone. Many smaller casino tokens trade only on DEXs or small exchanges.
Circulating supply
The number of tokens that are freely tradable, excluding locked, unvested or treasury tokens, depending on the data provider's method. It is the basis for market cap. Example: 919,629,301 SHFL existed onchain as of W41, the week ending 11 Oct 2026, but CoinGecko counted only about 490.6 million as circulating. See Shuffle.
Crash game
A casino game in which a multiplier rises from 1x until it randomly “crashes”. Players must cash out before the crash to win their stake times the multiplier; if they wait too long, the bet is lost. Crash games are common crypto casino originals and are often provably fair.
Curaçao licence
A gaming licence issued by the Curaçao Gaming Authority under the 2024 National Ordinance on Games of Chance, which replaced the old master-licence and sublicence system. Each licensed domain has a public certificate page. Shuffle's licence shows as active, while rollbit.com's shows as revoked (checked 18 October 2026). See the FAQ.
D
DEX (decentralised exchange)
An exchange where trades are executed by smart contracts, usually against a liquidity pool, without a company holding users' funds. Uniswap on Ethereum and PancakeSwap on BNB Smart Chain are examples. Anyone can create a token pair on a DEX, so copycat tokens with familiar tickers are common; always check the contract address.
E
Event contract
A contract that pays out depending on whether a real-world event happens, for example an election result or a sports score. Event contracts are what prediction markets trade. In the US, exchanges listing them are overseen by the CFTC, and several states dispute sports contracts. See our CFTC article.
F
FDV (fully diluted valuation)
Token price multiplied by max supply, or by total supply when there is no cap. FDV shows what the market value would be if every token were in circulation. A large gap between market cap and FDV means many tokens are still locked or unvested and may reach the market later.
Float
The share of a token's supply that is actually available to trade, as opposed to tokens held by the team, treasury, staking contracts or vesting schedules. A low float can make prices move sharply on small trades. Float is closely related to circulating supply, but some analysts also exclude long-term staked tokens.
G
GambleFi
GambleFi, also known as iGaming tokens, is the overlap of online gambling and decentralised finance: crypto casinos and sportsbooks with their own tokens, onchain betting exchanges, prediction markets and games that settle on a blockchain. GambleFiHub tracks 17 such projects on its All Projects page. Background: What is GambleFi?
GGR (gross gaming revenue)
Total amount wagered minus winnings paid out to players, before bonuses, taxes and costs. GGR is the standard measure of a gambling operator's gross income. It is not the same as handle (total wagered) and is higher than NGR. Most crypto casinos do not publish GGR.
H
Handle (wagering volume)
The total amount of money wagered over a period. Handle is much larger than revenue because most stakes are paid back to players as winnings. When a casino advertises billions “wagered”, that is handle, not income. BC.Game's whitepaper, for example, cites over $30 billion wagered historically.
House edge
The average share of each bet that the casino keeps over the long run, built into a game's rules or payouts. A 1% house edge means that, on average, 1 unit is lost per 100 wagered. It is the counterpart of RTP: a game with 99% RTP has a 1% house edge.
I
iGaming token
A crypto token issued by, or tied to, an online gambling platform, also called a GambleFi token. Uses include betting, rewards, VIP perks, staking or lottery entries, often combined with burns. Holding one normally gives no ownership of the operator. Examples include RLB (Rollbit), SHFL (Shuffle) and BC (BC.Game).
K
KYC (know your customer)
Identity verification, typically a government ID, sometimes a selfie, proof of address or source of funds. Many crypto casinos let users sign up with only an email but require KYC before withdrawals or above certain thresholds. Shuffle's terms, for example, require an ID check before the first withdrawal. See the FAQ.
L
Liquidity pool
A smart contract holding two tokens, for example a casino token and ETH, that traders swap against on a DEX. The price follows the ratio of the two tokens in the pool. Small pools mean high slippage: a modest trade can move the price a lot, which is common for small casino tokens.
Lottery model
A token design where holders stake tokens to receive lottery tickets instead of earning a fixed yield. The SHFL Lottery, launched in 2024, is a weekly powerball-style draw for staked SHFL; unclaimed jackpots roll over. Returns are random, so no APR can be stated. See Shuffle and the FAQ.
M
Market cap
Token price multiplied by circulating supply. It is the most quoted size measure but depends on how circulating supply is counted. For $BC, onchain supply was 9,989,146,372 on 17 Oct 2026 while CoinGecko's market cap implied about 3.21 billion circulating, so supply-based figures can differ widely. Compare with FDV.
Max supply
The maximum number of tokens that can ever exist, fixed in the contract or the project's rules. SHFL has a fixed maximum of 1,000,000,000; RLB's original cap was 5,000,000,000. Burns can push the actual supply far below the max: 8.04% of SHFL and 68.85% of RLB had been burned as of W41, the week ending 11 Oct 2026.
Mint
Creating new tokens, usually by calling a function in the token contract. Some tokens are fully minted at launch, such as RLB's 5 billion on Ethereum in June 2023; others are minted over time as rewards or emissions, which raises supply. Check whether a contract still allows minting and who controls that right.
N
NGR (net gaming revenue)
GGR minus bonuses, promotional credits and sometimes taxes or fees. NGR is closer to what an operator actually earns from players. Some token models are tied to it: Shuffle links its weekly SHFL burn to SHFL-denominated NGR. Most crypto casinos do not publish NGR.
Nonce
A counter used in provably fair games that increases by one with every bet made with the same seed pair. Combined with the server seed and client seed, it makes each round's result unique while still letting the player recompute every result after the server seed is revealed.
O
Onchain / offchain
Onchain means recorded on a public blockchain, where anyone can verify it: token supply, burns, transfers and smart-contract bets. Offchain means held in a company's private database, such as most casino balances, game results and internal reward points. Chips.gg's CHIP, for example, is an internal reward token with no verified public contract; see Chips.gg.
Originals
Games developed in-house by a crypto casino rather than licensed from game studios, typically dice, crash, plinko, mines and limbo. Originals usually have a low, published house edge and a provably fair verifier. Shuffle and BC.Game both advertise their own originals.
P
Plinko
A casino game in which a ball drops through rows of pegs and lands in a slot with a multiplier; edge slots pay most but are hit least. Players usually choose the number of rows and a risk level, which changes the payout table. Plinko is a common crypto casino original.
Prediction market
An exchange where users trade event contracts with each other, so prices reflect what traders expect to happen; the platform earns fees instead of taking the other side like a sportsbook. SX Bet is an onchain peer-to-peer sports exchange settling in USDC. See the FAQ and our Novig article.
Provably fair
A method that lets players check that a game result was fixed before the bet. The casino publishes a hash of a secret server seed; the result is computed from that seed, the player's client seed and a nonce. After the seed is revealed, anyone can recompute it. It proves results were not changed, not that the house edge is low or that withdrawals are paid. See the FAQ.
R
Rakeback
A rebate of part of the house edge on a player's wagers, paid back in cash, crypto or tokens. Some casinos pay rakeback in their own token, which turns it into token distribution: Fairspin, for example, describes play-to-earn rakeback in TFS. Rakeback reduces, but does not remove, the expected loss on wagers.
RTP (return to player)
The share of all money wagered on a game that is paid back to players over the long run, for example 97%. The remaining share is the house edge. RTP is a long-run average across all players; individual sessions vary widely. Shuffle describes its SHFL Lottery as 100% RTP, meaning all ticket value goes to the prize pool.
S
Seed (server seed, client seed)
Random values used in provably fair games. The server seed is chosen by the casino and kept secret, with only its hash shown in advance; the client seed is set by, or can be changed by, the player. Together with a nonce they determine each result. Rotating the server seed reveals the old one for checking.
Smart contract
A program deployed on a blockchain that runs exactly as written, for example a token contract that tracks balances and burns, or a betting contract that settles bets. Anyone can read a verified contract on an explorer such as Etherscan. Bugs in smart contracts cannot easily be fixed after deployment and have caused major losses.
Sportsbook
A betting service that sets odds on sports events and takes the other side of each bet. Most large crypto casinos, including BC.Game, Shuffle and Rollbit, run a sportsbook next to their casino. Unlike a prediction market, the operator profits when bettors lose.
Stablecoin
A crypto token designed to keep a fixed value, usually 1 US dollar, such as USDT or USDC. Crypto casinos use stablecoins so balances do not swing with crypto prices. Some token rewards are paid in stablecoins: SHFL Lottery prizes are paid in USDC, and BetFury moved BFG staking to a USDT-funded pool in July 2026.
Staking
Locking tokens in a contract or on a platform to receive rewards, lottery entries or perks. On casino platforms the rewards usually come from platform revenue or new token emissions, and rules can change. Staked tokens are often subject to lockups: unstaking $BC within seven days on BC.Game burns 1%. See the FAQ.
Sweepstakes casino
An online casino model, mainly in the US, that uses two virtual currencies: coins for play and “sweeps” coins that can be redeemed for prizes, which lets operators argue they are not real-money gambling. California's AB 831 made operating online sweepstakes games a crime from 1 January 2026. See the FAQ.
T
Token migration
Moving a token to a new contract or blockchain, with holders swapping old tokens for new ones. RLB moved from Solana to Ethereum in June 2023; in the deploy week, 1,776,911,904 RLB were removed, which our tracker counts as burn. Wall Street Memes' WSM moved from Ethereum to BNB Smart Chain in February 2024.
Token sunset
Ending a token's role in a project. SX Bet announced on 15 May 2026 that it would sunset its SX token and give eligible holders USDC bet credits worth $0.015 per SX, to be claimed by 15 August 2026; the credits cannot be withdrawn. A sunset usually ends most of a token's practical use. See the FAQ.
Total supply
The number of tokens that currently exist onchain: everything minted minus everything burned through the contract. Tokens sent to a dead address may still count in total supply, so GambleFiHub subtracts the 0x…dEaD balance. Example: 1,557,592,482 RLB remained as of W41, the week ending 11 Oct 2026, down from 5 billion at launch. Compare circulating and max supply.
V
Vesting
A schedule that releases tokens to the team, investors or partners gradually, often after an initial lock called a cliff. Vesting keeps large holders from selling everything at launch, but each unlock adds tokens to the market. Check a project's allocation and vesting tables before reading market cap; FDV includes the locked tokens.
VRF (verifiable random function)
A cryptographic method that produces a random number together with a proof that it was generated correctly and not manipulated. Onchain games use VRF services, such as Chainlink VRF, so a smart contract can use randomness that nobody, including the operator, could predict or alter. It serves a similar purpose to provably fair seeds.
W
Wallet
Software or hardware that holds the private keys controlling crypto addresses. In a self-custody wallet, such as MetaMask, Phantom or a hardware wallet, only the user controls the funds. A casino account balance is custodial: the operator holds the keys. Never share a seed phrase, and only connect wallets to sites whose addresses you have verified.
White label
An arrangement where a brand operates under another company's licence and often its platform. In Great Britain, Rollbit has operated since July 2024 as a white label under Grace Media's UK Gambling Commission licences. The licence holder, not the brand, is responsible to the regulator, so check which company is named in the terms.
Token figures: GambleFiHub onchain tracker, as of W41, the week ending 11 Oct 2026. Licence checks: 18 October 2026. Definitions are general information, not legal or financial advice. Gambling is for adults only; if it stops being fun, get support from a responsible gambling service in your country.