Play-to-Earn Is Back—Which Casino Projects Are Worth Playing in 2025?

[Katherine Thomas]

P2E mechanics are popping up in casino gaming again. I’ve seen a few projects offering actual token rewards for time played or leaderboards. Are any of them actually sustainable or is it all just hype again? Share what’s working—and what’s not.

 

[Daruk]

Appreciate you bringing this up it’s a conversation the space needs. Play-to-Earn in casino gaming feels like déjà vu from the 2021 hype cycle, and most of these new projects are making the same mistake: throwing unsustainable token rewards at players without a real long-term economy. Leaderboards and token incentives are fine, but without actual utility, deflationary measures, or value sinks, it turns into a Ponzi treadmill.


That said, not every project’s just chasing the pump. I’ve been keeping an eye on WSM Casino they’re doing it smarter by integrating token rewards tied to actual platform profits and rotating events that burn a percentage of supply. Plus, their loyalty system rewards active play without endlessly printing tokens. It’s one of the few setups that looks built for longevity rather than a quick exit.