Even P.T. Barnum would be surprised at the soaring birthrate of suckers falling for online gambling-related initial coin offerings (ICO).

Recent weeks have seen a seemingly endless number of gambling-themed ICO announcements, including Ethereum-based projects like Gamblica, a new Cardano-based project called SP8DE and the still largely undefined aspirations of legacy gaming brand Atari, whose primary interest appears to be boosting the company’s stock price by hitching it to technology that doesn’t date from the 1970s.

A quick glance through this site’s archives will reveal dozens of similar announcements over the past year, all aimed at convincing individuals to part with their hard-earned fiat currency in exchange for vaporware linked to threadbare and unproven gambling platforms.

These would-be gaming operators all promise some kind of new customer-friendly approach to wagering, be it commission-free exchange betting or the comparative lack of a house edge versus traditional online gambling sites.