First: Definition of gambling in Islam

Gambling, or maysir, is any transaction that depends on luck and leads to one party winning and the other losing without any real work being done. Islam has clearly forbidden it in the words of God Almighty:

“Satan only wants to cause between you animosity and hatred through intoxicants and gambling.” (Al-Ma’idah: 91)

Second: The relationship between digital currencies and gambling

Digital Gambling Platforms:

Some cryptocurrencies are used in online gambling platforms, facilitating anonymous transactions.

Lottery:

There are digital projects that rely on digital lottery systems using cryptocurrencies, which is a kind of facilitator.

Games of chance:

Some projects use cryptocurrencies to support games based on luck and betting.

Third: Examples of digital currencies related to gambling

1- FUN (FunFair)

Uses: Used in online gaming platforms that include elements of gambling.

Activity: Related to gambling, FunFair focuses on creating digital gaming platforms based on smart contracts.

2- WIN (WinToken)

Uses: Used in online gaming and betting platforms.

Activity: Related to gambling, WinToken focuses on games that involve betting.

3- BEPRO (BetProtocol)

Uses: Platforms for building online gambling games.

Activity: Related to gambling, allowing developers to create gambling platforms using smart contracts.

4- WGR (Wagerr)

Uses: It is used in sports betting platforms using digital currency.

Activity: Related to gambling, allowing sports betting using currency.

5- COMP (Compound)

Uses: Used in Decentralized Finance (DeFi) platforms for lending and borrowing.

Activity: Usury, as Compound allows users to lend and borrow cryptocurrencies with interest, which is in line with usurious activity.

6- AAVE (Aave)

Uses: A decentralized crypto finance (DeFi) platform that allows lending and borrowing.

Activity: Usury, as Aave allows lending and borrowing with interest, which makes it associated with usurious activity.

7- AXS (Axie Infinity)

Uses: Blockchain game where players earn by playing and interacting with virtual items.

Activity: Some in-game activities rely on playing techniques similar to betting.

8- CHZ (Chiliz)

Uses: Focuses on e-sports and entertainment projects, especially in interactive sports.

Activity: Not related to gambling, but may include activities related to interactive sports that may be similar to betting.

Fourth: The Islamic ruling on dealing with these currencies

Gambling is forbidden by Islamic law:

The Prophet, may God bless him and grant him peace, said: “Whoever plays backgammon is as if he has dipped his hand in the flesh and blood of a pig.” (Narrated by Muslim)

This applies to all types of games that rely on luck and lead to unlawful gain.

Currency usage verification required:

If the project is related to gambling, it should be avoided to avoid what is forbidden.

in conclusion:-

O Allah, keep us away from gambling and everything that leads to it, enrich us with what is lawful instead of what is unlawful, and guide us to what You love and are pleased with.

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