Can a casino ever run without the government's awareness? - page 2.

Asiska02

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

Is it necessary for a gambling site to use CBDC even if they have been granted legal permission to operate? Only the payment methods available on such platforms allow you to play. If they refuse to use CBDC, they will not be monitored or tracked by the inflow and outflow of funds in the casino if at all the CBDC will be used for such purpose by the government.

348Judah

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Quote from: stadus on March 29, 2023, 02:55:15 AM

While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

Even if it becomes popular and gain public recognition as long as it remains decentralized the government cannot have access to getting them, being decentralized simply can quonote being anonymous, as long as your identity is not ensure with bthe government then you have overcome their effect, just as bitcoin exist but they have no one to hold responsible for the creation of bitcoin since Satoshi is anonymous and bitcoin pseudo anonymous, a decentralized casino can exist and functions without the government interference no matter how.

CarnagexD

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I think it can but not for a long run. Maybe it can operate for a couple of months without being caught without getting caught by the authorities. Especially for business owners who want to optimize their casino business, and take advantage of the benefits that they can take from the law they would like to make part of their business legal. Their credibility, success, and popularity will depend on how much they would want to risk.

SushiMonster

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform?

Running a decentralized gambling platform should be okay, but there should still be government awareness and licensing regulations to protect players.

A casino needs to be regulated and known by the government to ensure fair play and prevent illegal activities such as money laundering. Additionally, regulation can help ensure that the casino is operating safely and responsibly, protecting both the players and the industry. Regulation can also be important in preventing problem gambling and ensuring that casinos are not exploiting vulnerable individuals. By requiring casinos to implement responsible gambling measures and providing support and resources for those struggling with addiction, regulation can help mitigate the negative impacts of gambling.

Furthermore, regulation can provide a framework for taxation and revenue sharing, which can benefit both the government and the industry. Governments can generate revenue and support public services and infrastructure by requiring casinos to pay taxes and contribute to local communities. While there may be some drawbacks to regulation, the benefits of ensuring fair play, protecting players, and generating revenue for society make it an essential aspect of the casino industry.

QueenVera

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Just from my thoughts, u think yes it is possible to create a decentralized gambling casino and in the early days of cryptocurrency, decentralized casinos were more rampard as there was no major attention on them but as the time goes on, people started misusing the crypto casinos and did a lot of criminal activities through the casino which includes money laundering and several of them which brought the attention of the government to crypto gambling casinos and forced the casinos into been centralized to avoid criminal activities through their platforms, hence I really don't see any major reasons to be shy away from centralized casinos as they also serve for the good of the gamblers because they also help to intervene when the gambler is faced with challenges from the casino.
Currently now, there some casinos who are decentralized bit you oigg to know that they aren't trusted since no one is there to monitot them .

len01

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

there is absolutely no way for the casino business to run without the knowledge of the government, tantamount to illegal gambling.
after all if gambling goes without government knowledge it is very difficult to get customers.
because customers also think about security if there is no legality from the government, it's the same as the threat if one day the government finds out about this gambling and after that it is closed and all customer funds are confiscated then the customer will feel disadvantaged.
especially if the casino asks its customers for KYC and when investigated by the government the customer is threatened with law because gambling in casinos is illegal.

AicecreaME

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Quote from: stadus on March 29, 2023, 02:55:15 AM

While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

This makes sense.

Decentralized casinos could possibly attract a lot of attention because of the absence of KYC. The moment it becomes popular, there's a high chance that the casino will also attract the attention of the government officials in checking and monitoring their operations. It is possible that the state will ask them to register their business in order to operate. Otherwise, it could be banned from operating because of disobedience and lack of documents passed. The sustainability will be questionable too.

_act_

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Quote from: stadus on March 29, 2023, 02:55:15 AM

While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

It depends on how decentralized the casino is. Assuming it is decentralized like how Tor is decentralized, or if it is decentralized just like how decentralized exchanges are, or just like the bitcoin network, it would be very hard for the government to take down. But just that people that want to go for casinos and build one, they see the centralized one to be better for them.

ethereumhunter

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Quote from: gunhell16 on March 29, 2023, 01:15:14 AM

Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

If the choice of a gambling platform is also CBDC, what you say is a decentralized platform is vague. Because CBDC is not decentralized, but rather a centralized or regulated business.

I don't know why you thought that, but being a decentralized dude is far from the truth. Maybe crypto gambling which we can say is decentralized is like olw games because you connect the wallet address you want so you can play gambling on their platform. And no KYC at all.

This type of casino is not a centralized casino. The casino can also be asked to carry out KYC by the local regulator so that the casino must comply with the regulations. It might seem odd why a decentralized casino has to comply with the regulations of the regulator but that's how it is. Crypto casinos that were not asked to do KYC now some casinos ask their members to do KYC even though the casinos still ask for it randomly. And I just feel that in the future, more and more casinos will ask their users to do KYC.

stadus

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While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

as crypto being tailed by all the entity in the government because of these being profitable? it will be harder for the people and the businesses in gambling to sustain so they need to comply with the laws provided or else their business will be sued and eventually come to an end.

we have seen what happened in the biggest mixer crypto ever had so this has no difference from what gambling sites facing in the future.

Oasisman

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Can a casino ever run without the government's awareness?

It is. However, that casino will surely thrive in a very slow paced progress knowing that the clients or potential clients will have zero protection against any fraud and scamming attempts that the casino will do and about to do. The most challenging part of being a decentralized casino is gaining your clients' trust. One might probably go bankrupt even before the government found out that your decentralized casino exist.
We all know the government are always chasing against the businesses that's unregulated and avoiding taxes. So, being a decentralized casino bears a lot of risks.

Mauser

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

Yes of course it's possible to run a decentralised gambling platform. Depending on where you are from it's true that the government wants to have some information about your business and you might also be required to obtain a gambling licence. Usually this transparency towards the government is not resulting in any operative impact for your gambling business, it's mostly in place to protect your customers from any kind of fraud and to pay taxes of course. Using digital currencies that can easily be traced is making sure that government knows about all the money that flows in and out of your business. The only real solution around it would be to base your company in a country with much less restrictive regulation of the gambling industry. Another question would be if that is really necessary as some form of regulation makes your casino seem more trustworthy.

gunhell16

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

If the choice of a gambling platform is also CBDC, what you say is a decentralized platform is vague. Because CBDC is not decentralized, but rather a centralized or regulated business.

I don't know why you thought that, but being a decentralized dude is far from the truth. Maybe crypto gambling which we can say is decentralized is like olw games because you connect the wallet address you want so you can play gambling on their platform. And no KYC at all.

traderethereum

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Quote from: Don Pedro Dinero on March 28, 2023, 10:31:24 PM

Quote from: Oshosondy on March 28, 2023, 04:48:05 AM

Quote from: KiaKia on March 28, 2023, 04:35:21 AM

but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds

Gambling sites have choice to accept a coin or not accept it, although CBDCs are not coins, they are fiat.

Yes, it is. The OP's argument starts from a false premise. Of course a gambling platform can operate without government awareness, and platforms can decide whether to accept CBDCs as a payment method or not. However, if they operate under the table, they would normally not accept it because it would be like shooting themselves in the foot.

But when the gambling platform has become big and the government is starting to approach it, it's time for the gambling platform to get some regulations that the government will give.
And gambling platforms may be asked to add CBDC features in their casino deposit and withdrawal section because the government wants to know how many people are using CBDC.
Casinos or gambling platforms can refuse it for many reasons, but gambling platforms cannot fight the government, especially the corrupt government.
Crypto casinos shouldn't get things like that so we can still use crypto to gamble.

Don Pedro Dinero

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Quote from: Oshosondy on March 28, 2023, 04:48:05 AM

Quote from: KiaKia on March 28, 2023, 04:35:21 AM

but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds

Gambling sites have choice to accept a coin or not accept it, although CBDCs are not coins, they are fiat.

Yes, it is. The OP's argument starts from a false premise. Of course a gambling platform can operate without government awareness, and platforms can decide whether to accept CBDCs as a payment method or not. However, if they operate under the table, they would normally not accept it because it would be like shooting themselves in the foot.

wxa7115

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Quote from: qwertyup23 on March 28, 2023, 05:46:33 PM

Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

This is possible but they are potentially throwing away everything as there is a hanging sword of Damocles on their position.

If they operate illegally without a license, this puts a toll on its identity as a gambling website. Anytime, the government can track down and check their license if they follow all the necessary requisites of operation. In addition, I also doubt that players would invest their time and resources in this kind of online casino given the fact that anytime it could shut down.

If a gambling website plans on operating without a license, then might as well just shut down due to the extreme risks involved in operating this kind of scheme.

Even if technically a decentralized gambling platform can be created and thrive under the right circumstances, governments have very strong regulations when it comes to gambling, so any person trying to do that will eventually clash with the government if their casinos get big enough.

And while Satoshi was able to create bitcoin and get away with it, this is because he choose to be not confrontational and disappeared without ever touching his coins, while the owner of such casino does not have this luxury, which means governments can track him and eventually put him in jail once they find him.

Hispo

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I think it is possible for someone with the enough capabilities and money to run a fairly decentralized casino and that casino would likely not have a license.

Now, that being said, the governments of the world who monitor our activities on Internet would be indeed aware of the existence of such service in the internet and would start to monitor the addresses and the path of the funds, as soon as the casino start to catch a considerable volume on deposits and withdrawals.

Having or not a license is very different than authorities not noticing you.

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Quote from: KiaKia on March 28, 2023, 04:35:21 AM

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

Yes, it is possible for them to work with a decentralized platform.
However, I challenge anyone to name me 5 decentralized gambling sites that have good gaming options, are reliable and still have an attractive bonus and rewards program.
Does anyone take a risk?

Unfortunately, decentralized gambling platforms decrease every year and it becomes more and more complicated for you to place bets without the governments knowing about it.
The era of privacy with cryptos in general, for any area, is not the same as it was a few years ago and my perception of this is that it will only get worse.

Darker45

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Although there are crypto gambling platforms that are labeled as decentralized, I don't think they are truly decentralized. They may be using the blockchain technology, but they are everything but decentralized. They have known owners who run the operation. They have official headquarters. They are registered. They comply with their taxes and other responsibilities. In other words, they are like a normal company. So they can't be decentralized. After all, gambling is heavily regulated.

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