China crackdown against gambling streaming - page 2.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

Or they have been cracking youtube as well? And their internet is being censored in the beginning? So I wouldn't be surprised if for years they have been cracking down very hard on every gambling related streams already.
However, if you go out and play casinos all around the world, you will see a lot of Chinese on the floor, from baccarat table to slots game machines. So in reality, they can still play not just by watching youtube, but playing in real life casinos. Maybe they can just travel to Macao and then boom, easy access to casino. So I don't think it has negative effect on streamers per se, although Chinese market is big, I doubt that it can put a dent on gambling and streamers.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

Gambling is China has long been viewed as extremely risky and based on what happened recently with a Twitch crackdown, this could have been somewhat predicted so may have been priced in to a certain degree. It's the right action to take really, because casinos have really pushed the limits of what is acceptable at times and you never really know what sort of collaboration they have going with streamers, some of which may start entering murky territory when you think about the large amounts of money that are at stake. China regulators are extremely erratic, so many investors have priced this in and will be aware that random crackdowns can target new sectors all the time - it's very high risk to invest in the country, and gambling companies are even higher risk.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Correction, it had impact when they were saying they'd ban bitcoin exchanges and finally did. There's no way to ban bitcoin ownership, so China and other countries can say whatever they like.
When it comes to gambling, I don't think a Chinese gambling ban will impact the industry, unless that industry is in China. The difference between bitcoin and gambling is obviously that bitcoin is traded globally, so its price is derived from a number of global exchanges. If a country bans bitcoin it actually bans businesses that are located in that country. Businesses that include exchanges that have to shut down or move affecting the global price tickers.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

They have been banning casinos and gambling sites in their country for as long as I can remember. Took them a long time to also crack down on the advertisers of casinos, it should have been done a long time ago.

But this crackdown is just in their country so I don't see this going to affect crypto casino's revenue nor players. Those Chinese gamblers who are already playing in Bitcoin casinos know well enough to avoid getting caught.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

It will have some effect but not to the extent that more gambling sites will close down just because of this.
The profits in gambling is just too much and with China just blocking the streaming services may not really be one of the reason to close shop.
In fact, what they did might just help the gambling sites gain more audience because of their curiosity. They are one of the biggest countries in the top of the economy and this means making the people think of the "why's" so they just helped lead a non-gambler to be a gambler.
What they did with Bitcoin before surely made a huge impact but look at it afterwards. In short-term we will see some downwards percentage in their market but in the long run it's different, they just gave them a freebie in advertising.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

China is a communist country they control everything they do not want anything illegal operating in their country that is why these streaming platforms do not want to anger the communist government so they have no choice but to remove these gambling streaming.

Even if gambling streaming adds revenues to their platform, it's either they take them down or the government takes their platform down, it's a choice that they have to make even if they do not want to, I don't think other streaming platforms from other countries will follow China's move, gambling streamers add traffic and revenues to streaming platforms because of their popularity and supports they are getting.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: mindrust on August 27, 2023, 02:35:30 AM

China is such a pain in the ass. They are fighting anything that's fun for the people. I think it is because China don't want their citizens to have fun. The Chinese gov wants the citizens to work like a robot and do nothing else. Eat, drink, work and sleep. That's it. (shit and pee too) Trading crypto? Nope. Watch gambling? Nope. Getting drunk? Nope, you will have a bad social credit score. How can anybody live under a regime like that? It is crazy. I drink whenever I want, fuck whenever I want and I gamble whenever I want. Fuck China.

If you have ever read anything about socialism or communism, then you may stumble with the concept of "the new man" or the "new woman".
You can easily find information about it on internet.

Quote

The Soviet man was to be selfless, learned, healthy, muscular, and enthusiastic in spreading the communist Revolution. Adherence to Marxism–Leninism, and individual behavior consistent with that philosophy's prescriptions, were among the crucial traits expected of the New Soviet man, which required intellectualism and hard discipline.

Source: https://en.wikipedia.org/wiki/New_Soviet_man

Obviously, some of the old soviet theory has blended within the modern communist party in China, to them the new man/woman is who has a good social credit and obeys the law, those you are willing to produce for their motherland and spend less time gambling and drinking alcohol, basically authoritarianism.

It is an interesting topic, regardless of your political standing. Here in Venezuela we got most of casinos shutted down back in the 2000s, because we also tried to make human beings stop being human beings. Tongue

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

I’m not sire if this will affect worldwide but China is always separated to the rest of the world in terms of socializing with other countries since they have their own social media platform which can only be use by Chinese which is the reason why Chinese content is rarely to see on the typical social media that we are using such as Facebook, Twitter and Youtube.

China news is almost doesn’t affect global news that doesn’t related to economy since they have their own network.

shogun47

hero member

Activity: 1708

Merit: 553

Play Bitcoin PVP Prediction Game

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

China has banned Bitcoin a hundred times and nobody really cared when they did it once again... China bans Bitcoin, Bitcoin is dead, those are memes and nothing to worry about for anyone who has a bit of an idea about Bitcoin and how Bitcoin doesn't care about governments, not even when it is China.

If China really had an impact on the development of the Bitcoin ecosystem, it would probably indeed be dead by now.

But why should that have any impact on the global gambling industry when China decides to crack down on it?

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: dothebeats on August 27, 2023, 07:09:10 AM

[....]IMO there's nothing wrong with that,

But it's China so people almost always instantly hates whatever they do even if it's good for their citizens and the Government.

Quote

What I don't get is banning gambling streaming, though.

It's the gambling platforms that made the initiative to remove live streaming. One could argue that they did so thinking that the Chinese government may go after them next as part of the effort to crack down any illegal form of gambling.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

What is the obsession of China and the latest crackdown, bitcoin situation was different back then, not similar to gambling. They were cracking down on miners because it was illegal to mine according to them because of the greenhouse effect even when we know that it was bullshit in the first place, they also ban bitcoin trading. However, China has been anti-rival of innovations, they don't want her citizens to use things outside their country but wouldn't stop producing counterfeit products for West Africans to buy their low-graded quality, if we are to reverse China and the world, they will cry victim card every day.

Coming back to the unlicensed gambling platforms, if truly they are not registered, then I think it's dishonest of them to operate in China because that's unlawful behaviour. If they want to have a share of the gambling from China, they should register and follow the rules and regulations and if that is too much to accept, they should leave their country and go somewhere else that allows such behaviour.

Mr.suevie

sr. member

Activity: 546

Merit: 342

Quote from: madnessteat on August 27, 2023, 07:33:46 AM

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

~snip~

It's long past time to get used to the fact that China lives its own life and many things there are radically different from things in other countries. So what if streaming platforms lose some of their revenue from China. Nothing terrible will happen for them, they already get super profits due to low competition in this segment. You may not know, but China's internet is also different from the rest of the world, and yet the Chinese have found a way around the great Chinese firewall.

What do you expect from humans. There is always a loop hole to even the most tightest firewall and even that of china is no different and that's why even the said bitcoin that the country banned is still a big joke to me because I know very well they are still lots of Chinese out there in China craving and also using bitcoin one way or the order and same things goes to all the order country as well who also joined the Chinese in this fate.

elevates

sr. member

Activity: 756

Merit: 390

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

In what sense did you come to the conclusion that China is a leading industry after the US? China is nothing but a good exporter of cheap materials or products globally. You cannot come to the conclusion that they are a big industry giant. BTW, they are slowly losing that position of a big exporter globally.

China is all about illegality which they do on the pretend of being legal. What makes them so distrustful is that the law in China allows copying anything if the CCP knows it to be legal and can make those few leaders rich. It is nothing but a dictatorship now and it will remain the same until something happen to the dictator.

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

~snip~

It's long past time to get used to the fact that China lives its own life and many things there are radically different from things in other countries. So what if streaming platforms lose some of their revenue from China. Nothing terrible will happen for them, they already get super profits due to low competition in this segment. You may not know, but China's internet is also different from the rest of the world, and yet the Chinese have found a way around the great Chinese firewall.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Look, no one disputes the magnitude of China's economic advancements. But let's avoid going too far with this. Yes, their choices regarding Bitcoin and cryptocurrencies tremble the global market. People inquire "How high?" when they say jump. But what about gambling?

Yes, they are stifling gambling streaming, and they have even severely harmed the revenue streams of their own entertainment platforms. Let's be clear on one thing, though: a country's decision to prohibit specific streaming services doesn't necessarily mean the end of the sector globally

blocking sites and payments for illicit gambling? They COULD be doing that, after all. Everyone ought should. That isn't a ground-breaking discovery. It is fundamental governance. But does every blip in China cause tremors all around the world? No, not always. But okay, let's keep an eye on the situation and see how it develops

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

So basically, they just don't want to lose on the profits hence why they are trying to ban illegal gambling platforms. IMO there's nothing wrong with that, given how much money can be lost in those places that could have been converted to taxes instead. What I don't get is banning gambling streaming, though. They literally have lots of gambling houses around the country, and it's also legal in China to gamble so long as you are playing in a platform that has the necessary permits. Idk what they're trying to achieve here since they're kinda okay with people gambling and losing a ton before.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: noormcs5 on August 27, 2023, 12:26:34 AM

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

I guess this is one method of China accepting gambling, but limiting its influence over the country? This is kind of the idea I had that countries who ban gambling should do instead of, well, banning it. How big of an effect it has though, idrk. It might be too big to the point casinos might just close down, but finding that sweet spot would take a lot of time.

I doubt this would have a global effect though. Some countries just naturally have a positive attitude towards gambling since it's part of their culture/history, I reckon it'd take a LONG time before they even start making big changes like China did. And even if they actually did, again, gambling wouldn't necessarily die imo (at least when I'm still alive).

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: piebeyb on August 27, 2023, 03:51:25 AM

I think maybe China has its own reasons to stop it, on the one hand I also don't really like the media which sometimes often makes news with clickbait titles to make the crypto market fall, since long ago I was a person who never cared about any news about China banning crypto or bitcoin, it doesn't matter in my opinion because without them bitcoin and crypto are still going on.

The same goes for casinos, even though it might affect it a little but I don't think overall gambling activities in the world will stop, everything will go on as usual, it's just that Chinese people can't play gambling and have fun anymore because the government took away their rights, but I also don't understand the steps they take there may be other things that we don't understand so I don't want to go too deep into blaming them for that. Wink

I think this decision is taken to reduce gambling addiction. I honestly do not know about this in depth. But I personally think that when gambling is allowed in a country, the money sometimes gets laundered between different channels and gambling houses and casinos can actually invade the tax. Probably that’s why the decision was taken. But I am just assuming it, but this is a bold decision taken by the Chinese government. Of course, the Chinese government must have a plan in mind for which they have taken this decision. But my opinion is they could set limitations or license systems rather than shutting down totally.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Why I am not surprised at all?That is because China is ruled by a communist party and nothing good come out from such thinking,no matter that they claim that they have an open economy they still control everything,I mean the communist party that is having a look over everything,kinda like in Russia.They have banned Google,they have banned Bitcoin and you think that they will leave streamers from gambling win money through such streaming platforms.You can never expect anything good from a communist country and China showed themselves when they cracked down all Bitcoin mining in May 2021,since that month I have not give a damn about what happen there and not that I am giving a damn now.I have no job or business whatsoever with such country.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Everyone thought that Bitcoin mining would collapse after the Chinese government effectively banned Bitcoin mining in China and it did not happen. Roll Eyes

The Chinese citizens found alternative ways to continue mining, even if it caused them to relocate to other countries. Grin

We also know that the Chinese citizens are very clever citizens and a firewall are not stopping the things that are banned in their country. People find ways to circumvent these measures, without the government knowing it.

The positive thing is... if they relocate to another country, then their taxes will go to another government, where it is allowed. (They can gather coins and take gambling holidays in countries where it is not banned) Grin

Topic: China crackdown against gambling streaming - page 2. (Read 282 times)