Does anyone know if Orbit has to get a gambling licence for their business model? And if they need one, do they already have one / are in the process of getting one?
The games will be managed through smart contracts, this will be a community project as fees will go back into the site.
Okay, I see. Since in some countries even loot boxes from games are banned, I was just wondering if there are any legal restrictions for the Orbit project.
It’s one of those things that’s pretty unknown when it comes to online projects like this in a distributed setting I imagine it falls under wherever they are registers regulations but in reality since it’s a smart contract and can be run from anywhere I dunno how governments ever intend to really put controls on these kind of projects I don’t think they can
Well I really think they couldn't until recently, I mean blockchain was meant to be decentralized originally but here we are at this point seeing it being regulated, so since Orbit is going to run on the blockchain network, every chance of government intervention in the process is high except if the team are hidden which will weaken the trust and faith in the project
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