Is Cloudbet legit?
Cloudbet is a smaller tracked crypto casino by measured deposits. Over the 30 days to August 24, 2026 it received $37.6M across 9,479 on-chain deposits, ranking #12 of 41. That activity is observable on public blockchains, so the operation itself is verifiably real and running.
Casino X-Ray
percentile against 41 tracked casinos$37.6M of on-chain deposits in this period, against every other tracked casino.
Share of deposits smaller than $100. A high share means many ordinary players rather than a handful of large accounts.
Share of all money arriving in deposits of $100,000 or more. Heavy concentration means the casino's income depends on very few depositors.
Hot-wallet balance as a share of deposits taken in. A low ratio usually means funds are swept to cold storage, which this data cannot see — it is not a solvency measure.
Number of blockchains with observed deposit activity — a proxy for how many ways players can actually fund an account.
First-time depositing wallets as a share of all deposits (14.5%). High means the casino is still winning new players, not only keeping old ones.
The average deposit was $3,965, and 39% of all deposits were under $100 — the 38th highest retail share of the 41 casinos tracked. Deposits of $100,000 or more supplied 71% of the money. 1,379 wallets deposited for the first time in this period. Cloudbet currently holds $4.2M in the wallets it receives deposits into, up 7% over the period.
What this does not prove
What this cannot tell you: whether Cloudbet pays withdrawals promptly, honours bonus terms, or holds a licence worth anything. Hot-wallet balances are not total reserves — operators move funds to cold storage, which no on-chain tracker can observe. Deposit volume proves a casino is real and busy; it does not prove it is fair to you.
What We Found
What We Like
- Longest-running crypto sportsbook (since 2013)
- Excellent sports betting odds
- High limits for VIP bettors
- 25+ cryptocurrencies supported
- Strong reputation over 10+ years
What Could Be Better
- No provably fair original games
- Interface feels dated compared to Stake
- Bonus wagering requirements are high (40x)
About Cloudbet
Cloudbet is the OG crypto sportsbook, operating since 2013. Its decade-plus track record and high betting limits make it the most trusted name in crypto sports betting, though its casino offering trails newer competitors.
▸ ▾ Show the raw deposit datachains, assets, and every deposit size band
On-Chain Activity
Independently observed blockchain deposits into Cloudbet’s wallets, Jul 26 – Aug 24. These are measured transfers, not figures reported by the operator.
Hot wallet balance
What Cloudbet holds in the wallets it receives deposits into — equal to 11.2% of the deposits it took in this period. This is not a solvency figure. Operators routinely sweep funds into cold storage, which no on-chain tracker can see, so a falling balance usually reflects treasury management rather than trouble.
Who actually deposits here
Every deposit sorted by size — the share of transactions versus the share of money they carry.
Deposits of $100,000 or more account for 70.93% of all money reaching Cloudbet.
Deposits by chain
Deposits by asset
Source: Tanzanite public casino-analytics. Covers only deposits to wallets attributed to Cloudbet on the chains tracked, so it is a floor, not a total.
Key Details
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Disclaimer: This review contains affiliate links. Gambling involves risk. 18+ only. Gamble responsibly.