Rollbit

In 2019, Rollbit began as a CS:GO skins betting site; in February 2020, founders Lucky and Razer relaunched it as a crypto-native casino built on provable fairness and instant settlement.

In October 2021, Rollbit launched a gasless NFT marketplace and 10,000 Rollbots whose holders share platform revenue; on November 10 it issued RLB with no ICO, airdropping all 5 billion tokens to NFT stakers and platform users.

On June 28, 2023, Rollbit's RLB migrated from Solana to Ethereum; on August 10, Rollbit began buybacks and burns using 10% of casino, 20% of sportsbook and 30% of futures revenue, steadily shrinking supply.

In 2024, Rollbit entered the UK through a Grace Media white label and added a sportsbook and mobile app; on May 23, 2025, it obtained a direct Curaçao CGA licence valid for one year.

On May 23, 2026, that temporary licence expired without renewal; by September the register showed Expired and the site's CGA badge was marked REVOKED while deposits continued, and RLB's supply had fallen below 1.6 billion from 5 billion.

The offshore regulatory dividend is fading; for Rollbit, licensing and payment rails now matter more to survival than the speed of its burns.

RLB maintains its high-frequency buyback-and-burn mechanism: every hour the platform uses 10% of casino revenue, 20% of sportsbook revenue and 30% of futures revenue to buy RLB on the open market, burning 90% and distributing 10% to staked Rollbot NFT holders. As of August 2026, circulating supply had fallen below 1.6 billion tokens, meaning roughly 68% of the original 5 billion supply has been burned; about 24.3 million RLB (roughly $1.54 million) were burned in March 2026 alone, shrinking supply 1.39% that month. At the current burn rate, implied platform revenue is about $15.6 million for the 30 days to August 4 (roughly $190 million annualized) and roughly $1.1 billion cumulatively since the program began in August 2023.

On regulation and reputation, on September 16, 2026 Rollbit's terms switched its license from Curaçao (now listed as expired) to an Anjouan license; in August a researcher published a 128-page dossier alleging that co-founder 'Lucky' had ties to CSGO skin-gambling controversies. RLB currently trades around $0.073.

On May 23, 2026 the Curaçao licence OGL/2024/1260/0494 held by Rollbit's operator Bull Gaming N.V. expired after its six-month provisional licence used up its one renewal without a permanent grant; on September 10 media reported that the CGA seal in the site footer read "Revoked" while the platform kept operating and taking deposits, with neither regulator nor company explaining whether it was a display error, a dispute or a genuine revocation, after a site outage of about three hours.

UK players are served by the separately licensed white-label rollbit.co.uk, while the main site blocks about 29 jurisdictions; monthly deposits were last published at about $49.2 million in June. RLB peaked at $0.264 in November 2023 and traded near $0.074 in March 2026, down about 72%; the current model feeds 1.2% of casino revenue into a lottery every 100 bitcoin blocks with tickets proportional to locked tokens, plus 1% to 10% rakeback based on holdings.

Rollbit's Future strategy and roadmap: The priority is license status: under the LOK regime the footer seal must link straight to the CGA public register, so the operator either has to restore OGL/2024/1260/0494 from revoked to active or move the main site to another jurisdiction. UK business stays with the separately licensed white-label site holding UK Gambling Commission and Gibraltar permissions, crypto futures and perpetuals remain outside the gaming license per the footer disclaimer, and rakeback plus the lottery keep supporting RLB demand.

The two co-founders of Rollbit appear publicly only under the handles Lucky and Razer and never show their faces. Lucky covers experience and brand, having previously worked on a CS:GO skin betting site. Razer owns the trading engine and the game backend, driving the synthetic perpetual contract system.

Sam Norman heads partnerships, driving club and esports team agreements from 2023 and handling negotiation, rollout and renewals.

Trading, market making and brand are split between the founders. Partnerships run on Norman's single line with a reporting path back to the founders.