Meme coins are a type of cryptocurrency inspired by internet jokes. They often start as funny projects. But some grow into real financial ecosystems. Dogecoin is the most famous. Shiba Inu, Pepe, and Floki are others. These coins are cheap, fast-moving, and perfect for small-scale fun on 22Bet. That’s what makes them ideal for use in group gambling.
Betting Pools, but Not Like Before
Traditionally, a betting pool is just a group of people putting in money. They make a wager together. They split the win if they get lucky. In the age of crypto, these pools are getting a makeover. Instead of dollars or euros, people are throwing meme coins into the pot. It’s fast. It’s online. And it’s anonymous.
A Telegram Group, a Coin, and a Dream
One popular story comes from a Telegram group. About 300 users pooled Shiba Inu tokens. They used them to bet on a series of football games. The entry cost was low—just 10,000 SHIB each. That’s only a few cents. But with hundreds of participants, the pot grew big. When the group won on a surprise upset, they turned a joke coin into serious profit.
Low Stakes, High Thrills
Why meme coins? The answer is simple: people don’t take them too seriously. That helps reduce the stress of gambling. You’re not losing your paycheck. You’re losing a coin you bought for laughs. This lighthearted attitude makes it easier to take risks. It also makes the wins feel more fun than financial.
The Social Side of Betting
Meme coin pools often happen in tight-knit online groups. These people already trust each other. Reddit threads. Discord servers. Telegram chats. They set the rules. They vote on bets. It’s part gambling, part community event. In some cases, members stream games or share live commentary. Winning becomes a group celebration.
Smart Contracts Keep It Fair
To avoid conflict, many of these betting pools use smart contracts. These are pieces of code that run on blockchains like Ethereum. They hold the meme coins until the result of a game or event is known. Then, the code automatically sends payouts. No middleman. No scams. Just math.
The Risks Still Exist
Not everything is sunshine and gains. Meme coins are very volatile. That means their value can crash fast. Also, many meme coins are linked to pump-and-dump schemes. People may start a coin, hype it, and vanish. Betting with these is like using Monopoly money—fun, but risky. And legal issues? Still murky.
A New Generation of Bettors
Younger gamblers—especially Gen Z—are leading this trend. They’re digital natives. They don’t trust banks, but they trust the blockchain. For them, meme coins are not just assets. Their culture. Betting with them is like playing a video game. And the pool is their squad.
From Memes to Meaning
Some communities use meme coin betting for more than just fun. They fund charity bets. One group pooled Dogecoin to bet on Olympic results. The winnings went to an animal shelter. Another Discord server placed bets on Twitch streamers, with the prize money going to mental health nonprofits. In these cases, gambling isn’t just for gain. It’s for good.
Real-Time Engagement
Meme coin betting pools often include live polls. Members vote on outcomes. They change their minds based on updates. This dynamic setup makes betting feel more like a game and less like a financial transaction. The excitement builds with each vote and each event.
Regulation? What Regulation?
The lack of formal oversight is both a perk and a problem. You can start a meme coin pool in five minutes. No license. No forms. But that freedom comes with a cost. If the pool manager disappears, the coins go with them. If someone hacks the smart contract, all funds may vanish. So while it feels free, it’s not foolproof.