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

Mahanton

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Quote from: livingfree on March 29, 2023, 04:42:01 PM

Quote from: Wakate on March 29, 2023, 06:43:15 AM

Quote from: livingfree on March 28, 2023, 08:35:25 AM

Governments can't monitor all of those casinos.

And that's what those developers are trying to take advantage and they'll just comply to the government of their jurisdiction if they've been caught and called.

But as long as they're like wild and free for their operations, they'll just do nothing so it's very plausible that a casino can run onto their jurisdiction without being noticed.

When we say government I think we need to specify the particular government we meant because there are some countries that do not have the time to monitor casinos or other private companies especially online. A casino need to be registered in a particular country for it to be known and accepted. Not all countries monitor online activities and it will be hard for them to track all transactions from a casino. Although government are trying much harder these time to check mate many of the online transactions to safe whether they are failing in there tax payment.

The actual government itself or any specific bureau or agency that's focused in dealing with casino operations. And even if there's one, it's likely that they can't monitor all of it.

If they do, then there won't be new casinos being launched in every part fo the world that's not registered. They can even manage to be published publicly, have some customers while having no license at all.

And that's why for most of them, they're going easy on them until they're forced to look at them.

This is why government does have their different field of function and appointing someone who would really be handling out speaking about businesses and taxations which is something that it is impossible for it to be
lacking or something that would be missed up.This is why if ever a certain business owner would tend to hide into the shadows on governments presense or eyesight then it would be considered illegal no matter what.
Yes, they could still make out operations but do expect about the risks on which on the time you do get caught then you arent that dumb on not to know on what are the violations
and consequences in line with it.

livingfree

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Quote from: Wakate on March 29, 2023, 06:43:15 AM

Quote from: livingfree on March 28, 2023, 08:35:25 AM

Governments can't monitor all of those casinos.

And that's what those developers are trying to take advantage and they'll just comply to the government of their jurisdiction if they've been caught and called.

But as long as they're like wild and free for their operations, they'll just do nothing so it's very plausible that a casino can run onto their jurisdiction without being noticed.

When we say government I think we need to specify the particular government we meant because there are some countries that do not have the time to monitor casinos or other private companies especially online. A casino need to be registered in a particular country for it to be known and accepted. Not all countries monitor online activities and it will be hard for them to track all transactions from a casino. Although government are trying much harder these time to check mate many of the online transactions to safe whether they are failing in there tax payment.

The actual government itself or any specific bureau or agency that's focused in dealing with casino operations. And even if there's one, it's likely that they can't monitor all of it.

If they do, then there won't be new casinos being launched in every part fo the world that's not registered. They can even manage to be published publicly, have some customers while having no license at all.

And that's why for most of them, they're going easy on them until they're forced to look at them.

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Quote from: Finestream on March 29, 2023, 04:22:42 PM

~snip~

Well, it’s still possible to run a decentralized gambling platform but the problem is if it will be sustainable in the long run. Operators might be profiting at first only but later on, gamblers will start looking centralized casinos like what we mostly have today in the market, which means that could be a loss for decentralized casinos. The reason why most of the casinos today still prefer to be centralized than decentralized, because accept it or not, gamblers want to gamble more safely and secured, which I think decentralized casinos have less to offer when it comes to that.

The difference between the centralized gambling platform and the decentralised one is the support provided. Another thing is the different operators having different games. In the past there were decentralised platforms and they don't have much of casino games, what we can see in common is Dice. Apart, the platforms will be much focused on sports betting. So that it is possible to lower the risks as well as can function without flaws.

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Quote from: Finestream on March 29, 2023, 04:22:42 PM

Quote from: davis196 on March 28, 2023, 05:05:38 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.

You should ask yourself one question. If you were an owner of a gambling business, would you want to create a decentralized gambling platform?
What would be the cost? Will it bring higher profits? I think that a decentralized gambling platform would be less profitable than a centralized online casino, that's why decentralized gambling isn't popular. The online casino owners simply don't want to bother with decentralization. They are pretty much OK with running centralized platforms.
Can a gambling business run unregulated? Or course it can, but it will have way less customers and sooner or later the authorities are doing to find out and penalize that business.
I don't know about the CBDC's future impact over the gambling industry. Let's wait and see what happens after CBDCs get implemented.

Well, it’s still possible to run a decentralized gambling platform but the problem is if it will be sustainable in the long run. Operators might be profiting at first only but later on, gamblers will start looking centralized casinos like what we mostly have today in the market, which means that could be a loss for decentralized casinos. The reason why most of the casinos today still prefer to be centralized than decentralized, because accept it or not, gamblers want to gamble more safely and secured, which I think decentralized casinos have less to offer when it comes to that.

Decentralized casinos means they don't have to ask KYC from their customers.
However, up until now, most gamblers prefer the centralized casinos with gambling license.
I believe, it is due to the fact that a lot of casinos can scam their players, and people are tired of it.
The dilemma also comes from the thought that when you connect your wallet to decentralized casino, you don't know if your wallet is safe or not.
Some issues stemmed from the fact that some players are losing money because of them, hence, people are advising not to use their main wallet when connecting to these decentralized casinos.

Finestream

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Quote from: davis196 on March 28, 2023, 05:05:38 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.

You should ask yourself one question. If you were an owner of a gambling business, would you want to create a decentralized gambling platform?
What would be the cost? Will it bring higher profits? I think that a decentralized gambling platform would be less profitable than a centralized online casino, that's why decentralized gambling isn't popular. The online casino owners simply don't want to bother with decentralization. They are pretty much OK with running centralized platforms.
Can a gambling business run unregulated? Or course it can, but it will have way less customers and sooner or later the authorities are doing to find out and penalize that business.
I don't know about the CBDC's future impact over the gambling industry. Let's wait and see what happens after CBDCs get implemented.

Well, it’s still possible to run a decentralized gambling platform but the problem is if it will be sustainable in the long run. Operators might be profiting at first only but later on, gamblers will start looking centralized casinos like what we mostly have today in the market, which means that could be a loss for decentralized casinos. The reason why most of the casinos today still prefer to be centralized than decentralized, because accept it or not, gamblers want to gamble more safely and secured, which I think decentralized casinos have less to offer when it comes to that.

Casdinyard

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Illegal gambling dens exists for a reason. That's because there could be you silly!

Although in all seriousness. There have been a few sites and physical casinos that was able to operate for a long while until the authorities find out about their illegal operations and apprehended them. POGOs are the most common offenders in these categories as they could go under the police's radar for years on end before verifiable evidence could be collected.

There's also the case of roadside gambling, where a couple of blokes who can't find anything to do with their spare time wasting it away on some friendly gambling, until the number of backseat viewers and active gamblers increase, until a certain point has reached where the whole operation becomes grandiose and more accommodating.

But yeah, eventually the government will catch up.

BobK71

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Quote from: Pandu Geddon on March 29, 2023, 07:18:50 AM

Quote from: Taskford on March 29, 2023, 06:46:38 AM

But old casinos are starting to implement a KYC in their platform so for sure in future they can't avoid to submit this if they still want to play. Those non KYC compliant casino is hard to trust since to many scams are always happening so its hard to trust them if they will not follow or comply to what government ask if government want to regulate them.

however the government will continue to oversee this business. casino is a profitable business for several parties. especially for the government which of course implements large taxes for casino operating permits.
after all, it is true that more gamblers will play at casinos that have been legalized or have permission from the government. it's better, but still there will be online casino platforms quietly operating their platforms. it's only a matter of time how the casinos will finally be caught by the eyes of the government.

Those who are restricted countries no one can get the permission of conducting gambling platform in that particular area.If any casino is established then there is a severe disciplinary system. However, where the casino business is operated, the government will definitely try to look at their revenue and profit. However, if some one can conduct gambling without their permission they can do it temporarily but in the long run they will be faced various complications.

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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.

Running a gambling business without (law) interference from the government seems difficult because every country that legalizes gambling has laws that must be obeyed by the owner of the gambling business.

However, every gambling user has full rights to use the deposit via what (crypto or fiat currency) so even though in the future the majority of gambling sites have the option of depositing or withdrawing via CBDC, of course, it will not be forced by the government and gambling owners to use, because consumers also have the right to vote and that cannot be ignored.

madnessteat

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Quote from: nimogsm on March 29, 2023, 08:50:39 AM

^

Many of us are used to playing on centralized gambling sites with the ability to ask support questions, deposit and withdraw funds in multiple cryptocurrencies and fiat currencies. Most of us still trust the reputation of the casino rather than the smart contracts on which all casino activity would take place. It seems to me that in the future all casinos will be decentralized. It's just easier now to get a license and attract users to traditional gambling than to decentralized gambling sites.

nimogsm

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Of course, it is possible to launch such a casino.But even the players themselves will have many questions,because there will be a minimum of guarantees that your funds will be safe,since there is no legal field in which this casino will operate.And in order to have good licensed games, the casino already needs to be more public company and regulated by law.

blockman

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Quote from: Fiatless on March 28, 2023, 12:02:38 PM

Quote from: blockman on March 28, 2023, 05:24:04 AM

Yes, it's possible.
You know that the government will just intervene when the company is quite big already. They'll do all the means to track the owners down and make the business at risk by applying such laws that haven't been seen by the developers.
If the law states that they can't do it then that's questionable because they didn't enforce it when it was just launched. But it's because the company was too small to be considered and apply the law on them. That's mostly the status of many startups and even new casinos, it's like a test and dry run for them. If it's a success, they'll be recognized and too big not to be noticed.

Decentralized gambling might not be profitable because it will attract fewer customers. This is because people might not trust these gambling platforms, because they don't have a license to operate in a particular country. Gamblers will always want to deal with casinos that are registered in a jurisdiction in case of litigations. CBDCs are centralized and controlled by the central banks of these nations and if the government mandates these casinos to use them, they don't have any option but to use It. The truth is that people will always prefer cryptocurrencies to using CBDCs.

That's for real, most consumers, customers, and gamblers prefer the centralized one. It's hard to gain traction with the decentralized type of gambling of how flawed the system is for those that have tried it first. And another thing is that we're just used to the common centralized type of gambling. Another factor is about the news that have been made all about these decentralized things like exchanges and even in gambling, so that impression is hard to be removed from those that have heard a lot of how not friendly they were.

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Quote from: Taskford on March 29, 2023, 06:46:38 AM

But old casinos are starting to implement a KYC in their platform so for sure in future they can't avoid to submit this if they still want to play. Those non KYC compliant casino is hard to trust since to many scams are always happening so its hard to trust them if they will not follow or comply to what government ask if government want to regulate them.

however the government will continue to oversee this business. casino is a profitable business for several parties. especially for the government which of course implements large taxes for casino operating permits.
after all, it is true that more gamblers will play at casinos that have been legalized or have permission from the government. it's better, but still there will be online casino platforms quietly operating their platforms. it's only a matter of time how the casinos will finally be caught by the eyes of the government.

aioc

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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.

You can't, on offline casinos, it's not going to work and it can be considered a guerilla type of casino, on online casinos it can but it's not going to have the support of the majority of gamblers because even if we are supporters of decentralization and anonymity we want to play on casinos that are government compliant because online casinos are in the radar of authorities as a gateway of money laundering, and gamblers want to play at ease and they want to play in casinos that will have no issue with authorities.
So even if we don't like centralization is something gamblers are comfortable with here in the gambling industry.

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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 a gambling platform that is fully registered and recognized by a government of any country, they should be ready to dance to their national law. If governments introduce them to a cashless policy and they accepted, they have no choice than accept the Central Bank digital currency but a gambling platform that is not registered or recognized doesn't have to do what the government didn't enforce on them but of course, they will be tame as illegal gambling and I wonder if governments allow decentralized governments, they are have been fighting decentralization of currencies and you really think they will allow decentralized gambling platforms, I don't think so.

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Quote from: michellee on March 29, 2023, 06:41:52 AM

Quote from: piebeyb on March 29, 2023, 05:57:43 AM

Quote from: CarnagexD on March 29, 2023, 05:12:37 AM

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.

yes, as I said, it usually doesn't take too long for a decentralized casino because usually there are also many people who want to play at an official casino with government knowledge but unfortunately many refuse when it comes to KYC, so there are also official casinos that don't ask for KYC on small gamblers, there are several casinos that only provide informational data without having to provide an identity card or other important papers. but that doesn't mean casinos can't exist without government knowledge, they can still stand and operate

And that's why we can look for official casinos that don't really implement KYC so that we can play gambling more freely in these casinos. Maybe crypto casinos will be required to do KYC one day, but let's hope that's a long way off. But indeed, by following the rules from the government, normal casinos will not have any problems or difficulties because there is a law behind them that will provide support if something attacks them with false accusations. But we also have to be careful because who knows if there are casinos that work with corrupt employees and we don't know anything about it.

But old casinos are starting to implement a KYC in their platform so for sure in future they can't avoid to submit this if they still want to play. Those non KYC compliant casino is hard to trust since to many scams are always happening so its hard to trust them if they will not follow or comply to what government ask if government want to regulate them.

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Quote from: livingfree on March 28, 2023, 08:35:25 AM

Governments can't monitor all of those casinos.

And that's what those developers are trying to take advantage and they'll just comply to the government of their jurisdiction if they've been caught and called.

But as long as they're like wild and free for their operations, they'll just do nothing so it's very plausible that a casino can run onto their jurisdiction without being noticed.

When we say government I think we need to specify the particular government we meant because there are some countries that do not have the time to monitor casinos or other private companies especially online. A casino need to be registered in a particular country for it to be known and accepted. Not all countries monitor online activities and it will be hard for them to track all transactions from a casino. Although government are trying much harder these time to check mate many of the online transactions to safe whether they are failing in there tax payment.

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Quote from: piebeyb on March 29, 2023, 05:57:43 AM

Quote from: CarnagexD on March 29, 2023, 05:12:37 AM

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.

yes, as I said, it usually doesn't take too long for a decentralized casino because usually there are also many people who want to play at an official casino with government knowledge but unfortunately many refuse when it comes to KYC, so there are also official casinos that don't ask for KYC on small gamblers, there are several casinos that only provide informational data without having to provide an identity card or other important papers. but that doesn't mean casinos can't exist without government knowledge, they can still stand and operate

And that's why we can look for official casinos that don't really implement KYC so that we can play gambling more freely in these casinos. Maybe crypto casinos will be required to do KYC one day, but let's hope that's a long way off. But indeed, by following the rules from the government, normal casinos will not have any problems or difficulties because there is a law behind them that will provide support if something attacks them with false accusations. But we also have to be careful because who knows if there are casinos that work with corrupt employees and we don't know anything about it.

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Quote from: len01 on March 29, 2023, 03:48:32 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.

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.

If a certain physical casino doesn't have complete papers, registration, and any legal documents to operate then that certain casino could be an illegal casino. There are reasons why they do not want to legally operate because they can lessen the cost of the business wherein they do not have any more expenses. As a gambler, it is our responsibility to be aware if the casino that are are playing is illegal or not because there are a lot of risks if the casino is illegal. One of the risk is the risk of getting in the jail, if you play or wager your money in illegal casino and the authorities saw you; your risk of getting in the jail is very high. I really do not know why there are a lot of gamblers out there who prefer to wager their money on illegal. Aren't they aware to the risks? There are now a lot of casinos not only in physical but also in online that you can have security and safety. When I play in popular casinos in my country, I do not have negative thoughts like being arrested because I know that the casino that where I'm playing is legal and they are operating following the laws and regulations of the government.

piebeyb

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Quote from: CarnagexD on March 29, 2023, 05:12:37 AM

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.

yes, as I said, it usually doesn't take too long for a decentralized casino because usually there are also many people who want to play at an official casino with government knowledge but unfortunately many refuse when it comes to KYC, so there are also official casinos that don't ask for KYC on small gamblers, there are several casinos that only provide informational data without having to provide an identity card or other important papers. but that doesn't mean casinos can't exist without government knowledge, they can still stand and operate

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Quote from: Asiska02 on March 29, 2023, 05:36:47 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.

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.

Are you sure?

How about using up that typical fiat? Arent they been tracked? Since these platforms or companies are regulated on which it would really be just that right or understandable that they would really be having that kind of
monitoring came from the government considering that this business does involved huge amounts, speaking about incoming and outgoing transactions then this could generate out millions of dollars or in fiat value
on which it is really just that understandable that government would really be tending to monitor it out.Its impossible that it would really be running under governments radar even before CBDC would really be
introduced.Its been long time regulated and monitored, it is really just CBDC's integration would really be just adding up on the options.

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.

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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_

legendary

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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.

btc78

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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