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Shuffle (crypto casino)

Shuffle (sometimes referred to as Shuffle.com) is a crypto-only online casino and sportsbook launched in February 2023.[1] It operates under a Curaçao eGaming license[2] and is owned by Natural Nine B.V. (registered in Curaçao, registration no. 160998).[3] The platform exclusively uses cryptocurrency for all deposits, wagers, and withdrawals and does not support fiat currency.[4] Shuffle features a variety of online casino games (including slots, table games, and live dealers) as well as a sportsbook covering traditional sports and esports.[5]

Shuffle was co-founded by CEO Noah Dummett, who previously worked at Alameda Research/FTX,[6] and has rapidly expanded since its launch, claiming over 35,000 users and more than 2.8 billion bets placed by early 2024.[7] The site’s business model emphasizes crypto payments, high-volume wagering, and a proprietary $SHFL token that integrates into its rewards ecosystem.[8]

History

Development of Shuffle.com began in 2022, culminating in an official launch in February 2023.[1] Within its first year, the casino reported swift user growth, surpassing 35,000 registered players and handling over US$1 billion in monthly bet volume by late 2023.[1][7] Initially focused on casino games (slots, table games, live dealers), Shuffle soon added a comprehensive sportsbook featuring both traditional sports and esports markets.[5]

Introduction of $SHFL token

In late 2023, Shuffle introduced a native ERC-20 token, $SHFL, with a total supply of 1 billion tokens.[9] Approximately 28% of $SHFL’s total supply was reserved for community airdrops in three phases,[7][9] with the first snapshot occurring on February 1, 2024. Holders of $SHFL receive various benefits, including VIP perks, token-based wagering options, and a weekly buyback-and-burn mechanism funded by 15% of platform revenue.[10]

Funding round and esports sponsorship

In February 2024, Shuffle raised US$2.5 million from a group of crypto-focused investors that included venture funds (e.g., Cypher Capital, Parc Capital) and the founders of Immutable (Robbie and James Ferguson).[11] The funding aimed to expand Shuffle’s marketing, technology infrastructure, and international footprint.

In mid-2024, Shuffle signed a seven-figure naming rights deal with UK-based esports organization Into The Breach (ITB). The arrangement rebranded ITB’s Counter-Strike 2 (CS2) and Dota 2 divisions under the “ITB.Shuffle” banner and funded a new tournament series.[12] Despite the sponsorship, the organization’s UK-based players are restricted from using the platform due to local gambling regulations.[3]

Founders and key people

Shuffle was co-founded by Noah Dummett, a former employee of FTX/Alameda Research (2019–2021) and BitMEX, who serves as Chief Executive Officer.[6][13] Dummett’s past ties to FTX drew some community attention given FTX’s high-profile collapse in late 2022, though Shuffle’s development and funding are not connected to FTX.[14]

Another founding member, Ishan Haque, has been involved since mid-2022 in executive operations.[15] The leadership team generally has backgrounds in crypto trading platforms, fintech, and online gaming.[6]

Operations and business model

Shuffle’s revenue primarily derives from the house edge on casino games and margins on sports wagers.[16] The casino offers slot, table, and live dealer games from 30+ providers, as well as proprietary “Originals” featuring provably fair mechanics.[5][8] The sportsbook covers traditional sports (football, basketball, tennis, etc.) and esports (such as CS2, Dota 2, League of Legends), with live in-play betting.[5]

Cryptocurrency-only platform

All transactions on Shuffle are processed exclusively in cryptocurrency, including BTC, ETH, USDT, USDC, DOGE, SOL, TRX, BNB, XRP, SHIB, and Shuffle’s native $SHFL token, among others.[4][1] Users who do not hold crypto can purchase it directly via integrated on-ramps (e.g., MoonPay).[17] Shuffle advertises minimal KYC (identity verification) for most users, though it reserves the right to request KYC in cases of large withdrawals or suspected fraud.[18]

Licensing and jurisdictions

Shuffle holds a Curaçao eGaming license (License No. OGL/2024/1337/0628)[2][1] and operates as a “grey-market” site in regions without local authorization.[3] The platform is not licensed by regulators in the United States, the United Kingdom, or Australia, among others, and it officially prohibits users in those regions from creating accounts.[3] Enforcement relies on geo-blocking and user self-disclosure. Payment processing is partially handled by a Cyprus-based entity, River Card Ltd.[2]

Technology

Although Shuffle is a centralized online casino, it incorporates blockchain elements such as provably fair gaming (using cryptographic seeds or external oracles).[19] Its in-house lottery and raffle contracts (“0xShuffle”) utilize Chainlink’s Verifiable Random Function (VRF).[20] The $SHFL token itself is deployed on Ethereum as a standard ERC-20 with a burn function for buyback-and-burn events.[21]

Shuffle’s website uses 128-bit SSL encryption to protect user data, and the internal wallet architecture segregates hot and cold storage to reduce hacking risk.[18] The platform has experienced no major publicly disclosed security breaches as of early 2025.[22]

Financials and market position

Since it is a private company, Shuffle does not disclose detailed financial statements. Industry reviewers classify it as a medium-sized crypto casino with an 8/10 or higher trust score on aggregator sites.[23] By late 2023, Shuffle claimed over US$1 billion in monthly betting volume.[1][7]

The company raised US$2.5 million in February 2024,[11] attracting investors from the crypto and gaming sectors. Owing to its rapid growth, broad coin support, and aggressive promotional campaigns, Shuffle competes with established cryptocurrency gambling operators such as Stake, BC.Game, and Bitcasino.[10]

Controversies

Regulatory grey areas

Because Shuffle holds only a Curaçao license, it cannot legally operate in some major markets. Its partnership with UK-based esports team Into The Breach drew criticism regarding “grey-market” advertising, since UK residents are barred from using the platform.[12][3] Shuffle enforces geo-restrictions but also markets globally through esports partnerships and affiliate promotions, raising questions about the effectiveness of such restrictions.[3]

Founder’s past ties to FTX

Co-founder and CEO Noah Dummett’s past employment at FTX/Alameda Research generated scrutiny within crypto communities,[6] although Shuffle’s funding sources have not been linked to FTX’s operations or collapse. The project addressed these concerns by emphasizing independent capitalization and publicly available security audits.[24]

User account closures and KYC disputes

A small number of player complaints have surfaced on gambling forums over alleged improper account closures or withheld funds, often relating to multi-account suspicions or KYC checks for users in restricted jurisdictions.[25] Review sites such as Casino Guru have noted occasional payout delays,[26] but the overall ratio of complaints to resolved cases remains relatively low.

Unique features

  • No-KYC philosophy (with exceptions): Shuffle allows initial registration and deposits without mandatory KYC, appealing to crypto users seeking anonymity.[17]
  • Proprietary $SHFL token: The platform integrates token-based rewards, VIP perks, and a unique 15% revenue buyback-and-burn mechanism.[10]
  • Provably fair games: Shuffle’s “Originals” and lottery use cryptographic seeds and Chainlink VRF to verify randomness.[19][20]
  • Extensive crypto support: More than 17 cryptocurrencies are accepted, including Bitcoin, Ethereum, Tron, Binance Coin, and others.[4]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Shuffle.com – Revolutionizing Crypto Gambling ( https://www.bitcoin.com/gambling/reviews/shuffle/#:~:text= )
  2. ↑ 2.0 2.1 2.2 Shuffle.com - Crypto Casino & VIP Betting Platform ( https://shuffle.com/#:~:text=Shuffle%20is%20owned%20and%20operated,email%20protected )
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 Into The Breach Signs Deal With Shuffle.com - The Esports Advocate ( https://esportsadvocate.net/2024/06/into-the-breach-signs-naming-rights-deal-with-shuffle-com/#:~:text=Shuffle,a%20gaming%20license%20in%20Cura%C3%A7ao )
  4. ↑ 4.0 4.1 4.2 Shuffle.com Casino Review - CCN.com ( https://www.ccn.com/shuffle-review/#:~:text=Shuffle.com%20Casino%20Review%20,impressive%2017%20different%20options%2C )
  5. ↑ 5.0 5.1 5.2 5.3 Shuffle Review & Rating 2025 | Is Shuffle Casino Legit? ( https://www.strafe.com/esports-betting/reviews/shuffle/#:~:text=Offering%20hundreds%20of%20slots%2C%20live,promo%20codes%20STRAFESPORT%20and%20STRAFECASINO )
  6. ↑ 6.0 6.1 6.2 6.3 Noah Dummett - CEO at Shuffle | The Org ( https://theorg.com/org/shuffle-1/org-chart/noah-dummett#:~:text=Noah%20Dummett )
  7. ↑ 7.0 7.1 7.2 7.3 Crypto gambling platform Shuffle announced token economics, and 28% of the total SHFL tokens will be airdropped in three times | 深潮 TechFlow on Binance Square ( https://www.binance.com/en/square/post/4196447340553#:~:text=released%20in%20the%20future )
  8. ↑ 8.0 8.1 Shuffle.com – Revolutionizing Crypto Gambling ( https://www.bitcoin.com/gambling/reviews/shuffle/#:~:text=One%20of%20the%20standout%20features )
  9. ↑ 9.0 9.1 Crypto gambling platform Shuffle announced token economics, and 28% of the total SHFL tokens will be airdropped in three times | 深潮 TechFlow on Binance Square ( https://www.binance.com/en/square/post/4196447340553#:~:text=28,years%2C%20divided%20into%203%20airdrops )
  10. ↑ 10.0 10.1 10.2 Shuffle Overview - Reflexivity Research ( https://www.reflexivityresearch.com/paid-reports/shuffle-overview#:~:text=token%20while%20rewarding%20users )
  11. ↑ 11.0 11.1 Shuffle secured $2.50M in funding on Feb 23, 2024 | CoinCarp ( https://www.coincarp.com/fundraising/shuffle-undisclosed/#:~:text=Funding%20Date )
  12. ↑ 12.0 12.1 Into The Breach Signs Deal With Shuffle.com - The Esports Advocate ( https://esportsadvocate.net/2024/06/into-the-breach-signs-naming-rights-deal-with-shuffle-com/#:~:text=London,figure%20naming%20rights%20deal )
  13. ↑ Noah Dummett - RootData ( https://www.rootdata.com/member/Noah%20Dummett?k=ODcyMA%3D%3D#:~:text=Noah%20Dummett%20,Client%20Support%20Specialist%20at%20BitMEX )
  14. ↑ Forum discussions on Bitcointalk regarding Shuffle's team ( e.g. https://bitcointalk.org/index.php )
  15. ↑ Ishan Haque - Executive at Shuffle | The Org ( https://theorg.com/org/shuffle-1/org-chart/ishan-haque#:~:text=Ishan%20Haque%20is%20an%20accomplished,Ishan%20holds%20a%20degree%20in )
  16. ↑ Shuffle Casino Review 2025 - Casino Guru ( https://casino.guru/shuffle-casino-review#:~:text=Medium,research%20and%20estimates )
  17. ↑ 17.0 17.1 Honest Shuffle Casino Review 2025 - VIP-Grinders ( https://www.vip-grinders.com/best-online-casinos/shuffle-casino/#:~:text=Shuffle%20is%20also%20a%20no,for%20an%20anonymous%20gambling%20experience )
  18. ↑ 18.0 18.1 Honest Shuffle Casino Review 2025 - VIP-Grinders ( https://www.vip-grinders.com/best-online-casinos/shuffle-casino/#:~:text=Security%20%26%20Fairness%3A%20Is%20Shuffle,Safe%20to%20Play )
  19. ↑ 19.0 19.1 Audit Report 0xShuffle - Staubli Software Solutions ( https://audit.staubli-software-solutions.ch/assets/reports/Shuffle.pdf#:~:text=Executive%20Summary%20After%20the%20changes,the%20number%20of%20raffle%20tickets )
  20. ↑ 20.0 20.1 Audit Report 0xShuffle - Staubli Software Solutions ( https://audit.staubli-software-solutions.ch/assets/reports/Shuffle.pdf#:~:text=winner%20is%20selected%20using%20Chainlink,is%20exceptionally%20high%2C%20with%20thorough )
  21. ↑ Shuffle Smart Contract Audit | Cyberscope ( https://www.cyberscope.io/audits/coin-shuffle#:~:text= )
  22. ↑ Shuffle Casino Review - Casino Guru ( https://casino.guru/shuffle-casino-review#:~:text=Complaints%20directly%20about%20Shuffle%20Casino )
  23. ↑ Shuffle Casino Review 2025 | Expert and Player Reviews - Casino Guru ( https://casino.guru/shuffle-casino-review#:~:text=Safety%20Index%3AHigh%208 )
  24. ↑ Shuffle Overview - Reflexivity Research ( https://www.reflexivityresearch.com/paid-reports/shuffle-overview#:~:text=Overview%3A%20Launched%20in%20February%202023%2C,further%20enhance%20the%20platform%27s%20offerings )
  25. ↑ SHUFFLE.COM SCAMMED me for ~ 15k TRX - BitcoinTalk user post ( https://bitcointalk.org/index.php?topic=5507469.0 )
  26. ↑ Shuffle Casino Review 2025 | Expert and Player Reviews - Casino Guru ( https://casino.guru/shuffle-casino-review#:~:text=Complaints%20about%20Shuffle%20Casino%20and,37 )
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