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Definition: GambleFi


(GAMBLE FInance) GambleFi is blockchain-based gambling. Tokens fuel the gambling platforms, and token holders participate in all the action. A GambleFi "blockchain casino" makes all wins and losses public and discloses probable odds of winning. Gambler's funds are placed in a smart contract escrow, and payouts are made as soon as the game is over. Contrast with online gambling.