Top Gambling Tokens by Market Capitalization
Online casinos, sportsbooks, and betting platforms continue to attract millions of players, driving up revenue year after year. As a result, the iGaming industry gets massive profits, and its growth shows no signs of slowing down. In 2022, global online gambling revenue reached $63.53 billion and is expected to grow at a CAGR of 11.7% from 2023 to 2030. This surge isn't just from traditional betting and casino games; many iGaming companies have joined the crypto market and launched their own gambling tokens.
Why do iGaming companies create their own tokens, and why should you care?
For starters, cryptocurrency streamlines transactions. Traditional payment methods can be slow and come with hefty fees, especially for international players. By introducing their own tokens, companies can speed up transactions and lower costs, improving the overall user experience. It also keeps users engaged by offering rewards in tokens that they can use to gamble or trade for other cryptocurrencies.
But the real money for these companies comes from transaction fees. Every time someone buys, sells, or bets with their token, the company takes a cut. This creates a continuous revenue stream beyond the standard house edge in games. On top of that, if the token’s value goes up, the company benefits even more since it holds a portion of the supply.
For investors, gambling tokens can be an interesting option to add to a portfolio for its diversification. They combine the online gambling market and the crypto space, and as the iGaming market grows, it can bring significant profits. Take Rollbit Coin (RLB) as an example. In early 2023, RLB was trading at about $0.01. In February 2025, it had climbed to $0.08—an eightfold increase in under two years.
Rollbit Coin isn’t the only one that shows promising investment opportunities; it’s just at the top of the list right now. Let’s learn more about other gambling tokens that stand on top by market capitalization.
Top 7 gambling tokens by market capitalization
Since Rollbit Coin tops the list, let's take a closer look at it.
Market Cap: Around $183 million
Rollbit Coin (RLB) is the native token of Rollbit, a crypto-focused gambling and trading platform that combines casino games, sports betting, and even NFT and crypto futures trading. The platform continuously expands its services, adding features that keep users engaged, and as it grows in popularity, RLB value also increases.
RLB has seen steady growth over time, but there were also some sharp jumps, with its price climbing from around $0.01 in early 2023 to $0.24 by late 2023 and back to $0.08 by 2025. This increase shows the token's growing adoption and utility within the Rollbit ecosystem, but, as with any cryptocurrency, it’s not immune to volatility.
Market cap: Around $49 million
Shuffle (SHFL) is the token behind the Shuffle gaming platform, which focuses on decentralized, fair, and transparent gaming experiences. The platform integrates blockchain to ensure provably fair games, reducing trust issues often associated with traditional online casinos.
SHFL’s price has been highly volatile, starting from $0.69, with rapid spikes and dips that led it to a current price of $0.29. The price can still climb, but you should expect fluctuations as the platform gains or loses traction.
Market cap: Around $32.21 million
FUNToken (FUN) is one of the most well-known gambling tokens on the market. It was launched by FunFair Technologies, a blockchain-based gaming company focused on making online casinos more efficient and secure. What sets FUNToken apart is its use of the Polygon blockchain for its XFUN token, enabling faster and more cost-effective transactions.
FUNToken has also built a loyal community, with over 350,000 holders supporting its ecosystem. It has also gotten its place in Bitcoin casinos, powering platforms like XFUN Bet for sports betting, DPLAY Casino for crypto gaming, and XFUN Arcade for skill-based games. FUN has had mixed performance over the years: it has long-term potential, but it depends on how well FunFair continues to innovate and expand its reach.
Market cap: Around $23 million
BFG is the main token of BetFury, a crypto casino and betting platform that rewards players through its play-to-earn model. Users who play on BetFury earn BFG tokens, which can be used for staking, providing passive income for holders.
BFG has maintained relative stability compared to many other gambling tokens, staying within the $0.01-0.02 price range. While it sees fluctuations, its staking mechanism encourages long-term holding, which helps smooth out some volatility.
Market cap: Around $9 million
TG Casino Token (TGC) is the native token of TG.Casino, a blockchain-based gambling platform that allows users to deposit, wager, and withdraw funds using 10 major cryptocurrencies. The TGC token provides exclusive bonuses and perks for players, making it an integral part of the casino’s ecosystem.
TGC has shown modest growth with occasional spikes in value (from $0.23 to $0.8 in the second half of 2024) as it remains tied to player adoption and platform success. As more users engage with the ecosystem, demand for the token could increase, driving its price higher.
Market Cap: Around $4 million
Wownero (WOW) is a privacy-focused meme coin with niche use in online gambling and tipping. While it started as a joke, it became popular among users looking for anonymous gaming transactions.
WOW is known for its extreme volatility, as most meme coins are. It started with a price of $0.03 in 2020, spiked to $1.68 in 2021, and fluctuated between $0.15-0.05 for the past two years. Unlike other gambling tokens tied to specific platforms, Wownero’s value is driven by speculation and hype rather than direct utility. So, if you are ready to wait for unpredictable price swings to capitalize on them, this is a good investment choice.
Market Cap: Around $635,000
Sportbet.one Token (SBET) is a gambling coin launched by Sportbet.one, a decentralized sportsbook and casino operating on the EOS blockchain. The platform supports easy sign-ins via social media or email, doesn’t require KYC (meaning users don’t need to share personal information), and offers a wide range of betting options. This makes it a favorite among crypto bettors.
With its current market cap, SBET ranks among the top 15 gambling tokens. It has a relatively stable price with minor fluctuations daily but stable growth over the past two years (from $0.003 to $0.005). Still, it largely depends on betting activity on the platform.
Risks of investing in gambling tokens
Gambling tokens come with some serious risks. Their value depends on market trends, platform success, and regulatory factors, making them unpredictable. Here are the key risks investors should consider:
- Volatility: Prices can swing wildly based on platform usage, market speculation, and overall crypto trends. A token tied to a popular betting site may rise when traffic is high but drop if user interest fades.
- Regulatory uncertainty: Online gambling and crypto are both heavily regulated, and sudden legal changes could hurt a token’s value or lead to delistings. What’s allowed today might not be tomorrow.
- Liquidity issues: Many gambling tokens have low trading volumes and are mainly used within their platforms. Selling at a good price can be difficult, especially if demand drops.
- Platform dependence: A gambling token is only as strong as the platform behind it. If the casino or sportsbook backing the token shuts down, faces legal trouble, or loses users, the token’s value could collapse.
Final thoughts
Gambling tokens can be an interesting addition to an investment portfolio, especially for those looking to diversify into something beyond traditional stocks and crypto staples like Bitcoin or Ethereum. They offer a chance to tap into the massive iGaming industry, and some tokens have shown real staying power.
But let’s be honest—these tokens are a gamble in themselves. Their prices can swing wildly, regulations are unpredictable, and their success is often tied to a single platform.
That doesn’t mean they aren’t worth considering, but it does mean investors need to approach with caution. If you’re considering adding gambling tokens to your portfolio, treat them as a high-risk bet — one that could pay off, but just as easily go the other way.
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