Enhance your patent search with AI. Try the FREE AI-powered tool

Betting with bitcoin: Gambling giant granted crypto payment patent

bitcoin coin closeup

International Game Technology (IGT) has patented a technology that uses cryptocurrencies as a form of payment in casinos. The USPTO granted IGT a patent last January 5 for a system that allows cryptocurrency funds to be transferred to a “gaming establishment account” from a player’s external crypto account. This allows users to transfer cryptocurrencies like Bitcoin from their private wallets to virtual wallets linked to casino accounts with the use of their phones. 

EU highlights e-commerce and online services as counterfeiting hotspots

graphic illustrating the prices in counterfeiting

The European Union Intellectual Property Office and the OECD reported that trade in counterfeit and pirated products amounts annually to around €460 billion worldwide, with the EU’s import market affected by counterfeit and pirated products by as much as €121 billion annually.

Subscribe to our newsletter

  • Questions? Check our privacy policy.
  • This field is for validation purposes and should be left unchanged.

Patent and IP updates straight to your inbox

Sign up now to receive monthly patent news, analysis and free insight reports.

We don’t spam, we promise.


1. Parola Analytics and Avontis are distinct entities and operate independently. Any references to Avontis or its services do not constitute a legal partnership. 

2. Parola Analytics does not provide legal services. Our services are limited to research and technical analysis. Any information provided by Parola Analytics should not be construed as legal advice.