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Cloudbet and Joy Studios Launch Horror Shooter With Real-Money Betting

Published 29 October 2026
Giuseppe Ciccomascolo
Authors

Key Takeaways

  • Cloudbet and Joy Studios launched Fearshot: Phantom Mansion, combining first-person shooter gameplay with real-money casino betting.
  • Players explore a haunted 3D mansion and shoot ghosts carrying payout multipliers; missed shots cost their stake.
  • The companies call the format “Immersive World Betting” and plan additional Fearshot titles.

Cloudbet and independent developer Joy Studios have unveiled Fearshot: Phantom Mansion, a casino game that combines first-person shooter gameplay with real-money wagering inside a haunted 3D mansion.

The title launched exclusively on Cloudbet on Oct. 28, according to the company’s announcement. It introduces what they call “Immersive World Betting,” a format that places betting decisions within an explorable virtual environment.

Instead of spinning reels or watching a roulette wheel, players enter rooms, target ghosts, and fire a weapon called the Phantom Blaster.

Each ghost displays a multiplier. According to the release, hitting a target awards the corresponding multiplier, while missing costs the player their stake.

The launch adds another format to crypto casinos’ existing mix of slots, live tables and instant games, although the companies have not provided evidence establishing their claim that it represents an industry first.

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Casino Wagers Move Into a 3D World

Fearshot uses a horror storyline to connect its betting mechanics. Players become bounty hunters exploring a mansion whose inhabitants died following a poisoning and a failed supernatural ritual.

Characters include a chef, a girl attached to a porcelain doll, and a blade-fingered figure haunting the boiler room. Captured ghosts contribute to a running “soul multiplier,” while a Soul Collector feature offers another opportunity for a larger payout.

Other encounters introduce different advertised rewards. Hits on the Wailing Widow pay 1.1 times the stake, while defeating the pursuing Inquisitor pays 350 times.

A separate encounter involving Sister Penance and seven faceless Bailiffs offers prizes of up to 50 times.

The release describes aiming and shooting as central interactions but does not explain how player accuracy, randomness, and payout calculations interact. It also does not specify the game’s return-to-player percentage or house edge.

Those omissions leave unanswered questions about how the shooter mechanics translate into gambling outcomes.

Will Cordry, games product manager at Joy Studios, said faster development tools, including artificial intelligence, have made it easier for smaller teams to build 3D environments.

He expects traditional casino games to remain popular while more titles adopt interactive worlds. His broader prediction includes games that combine non-betting activities with casino mechanics, although the announcement does not detail such a mode for Phantom Mansion.

More Fearshot Games Planned

Cloudbet said the release targets players familiar with first-person video games. The operator and Joy Studios intend to develop additional Fearshot titles, each featuring a different setting, but have not announced a release schedule.

The launch also includes promotional competitions around Halloween.

Cloudbet announced Open House, a 24-hour leaderboard event with a $5,000 prize pool, alongside The Haunting Hour on Oct. 31.

The Halloween competition offers $20,000 across the top 30 players and another $1,500 for the three leading Wailing Widow hunters.

The company said it will distribute prizes in USDT, the dollar-pegged stablecoin.

Access remains subject to Cloudbet’s jurisdictional restrictions and the game’s terms. The announcement states that players must be at least 18 years old and located in a jurisdiction where the operator accepts customers. Further titles remain planned, with no dates disclosed yet.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.

Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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