Topic: China crackdown against gambling streaming (Read 282 times)

If the country is not yet lift banned and there are a lot of users using cryptocurrency at that time and make a new rule that there's a ban on using crypto that's the time the market will make price changes because most of the people surely obey the rules of their country but if the country does not too much contribute with the market circulation of top hodlers I guess there's no much impact on this. People still have other options if they will adopt the use of the crypto or not. In this case I guess not have too much impact.

I think not, because as we saw before, Bitcoin is fine even banned in China. maybe the effect is only short-lived after the government announcement. After that, it will return to normal like before. I admit, that China is one of the big countries that have public where play gambling everywhere. In China, play gambling is also considered a waste of bad luck, so that situation, whatever rules are made by the government, I think is not a waste of the public ability to play what they want.

China's choices in several industries could affect the entire world. These industries are impacted globally by recent decisions like the prohibition on Bitcoin and the elimination of live streaming on content platforms. The worldwide gaming business may not be immediately harmed by the gambling prohibition, but Chinese users on foreign gambling sites may decrease. China is cracking down on illegal betting and payments as part of more comprehensive laws aimed at limiting illegal activity within its borders. Particularly if they have Chinese clients or financial ties, these moves have the potential to disrupt platforms and have an impact on the worldwide gaming sector. Monitoring these changes is essential since they have the potential to continue influencing international industries.

and you feel this kind of lesson is effective in a nation where the population is about one billion plus citizens? Although they are strict indeed but there are certain regulations that the Chinese government put into place that really confuses me and this particular blocking of live stream gambling is one of them. If it was north Korea who carried out this action it won't have been strange to me as the nation itself is called a community beyond bizzare regulations.

Yes, China is very strict in regulating gambling. they are called the country with the greatest economic power not just a title. even by blocking live streaming gambling they must have a lot to lose from live streaming revenue for their country. but this is all done to discipline their citizens so that they are not easily tempted by fast money and teach their citizens to keep working hard.

They already tried to ban the usage of crypto, but still some of its citizens are continuously using or mining crypto.
Some of them got out of their country just to continue mining crypto. And I don't think they can totally crackdown gambling.
Gambling is actually a part of their daily activities, for most of its people. So definitely, they will find out ways how to go around with it.
And as we have seen, when China announced to the world about the banning of crypto, they may have caused a sudden drop, but btc goes up again.
This showed that even China can't make bitcoin disappear in this market. And so with their gambling platforms.

That’s because their government still wants to have control over their people, good thing is that the technology are more advance now and using VPN is a good option. Unfortunately, VPN is restricted to many platforms as well so make sure before using this, you know their TOS. Banning crypto was an old strategy with the Chinese government, we’ve seen a lot of this in the past and I think there’s still a chance for the China to change their side with crypto, they are trying to influence the market but they can’t last.

China is the strong economy with highest population density,So the minor involvement of the people in any activities will reflect in the entire economy.This was the foremost reason for the China to ban the crypto mining.Because the gambling may give negative impact to their economy,for this reason China may ban the gambling in their country.China already crack down the cryptocurrency movement in their country,this may be the steps to reduce the crypto based gambling site.From the crypto gambling,the people are force to buy the cryptocurrency.Then the winnings also in crypto which increase the crypto flow into their economy.

They have the strict policy when it comes to gambling and if its illegal, you can expect to end with the same faith.
Their regulations also are trying to destabilized crypto many times already, and this is not new anymore as they are trying to force their people to use their own currency and they even made their own digital currency just to compete with crypto. The market of China is huge, and that's why many markets are affected when they started to regulate it, but the good thing is they can't totally influence the whole Crypto market and the effect is only temporary.

I think that the Chinese government is trying to crack down on crypto, and crypto gambling as well, but I can't say they are very successful with their intentions, at least in what I saw in the previous years. Big words and big warning signs ended up as nothing. So whatever the Chinese government says there is a different meaning behind that.

I would like to see some comments directly from some people who live there, and how these restrictions (if there are any restrictions) affect people who live there. And they can share with us does VPN works well for avoiding these restrictions.

they do this to spite their neighboring countries who are pretty much accepting of gambling and all other stuff. While there's logic and good intent behind banning gambling streams and illegal gambling operations, I have never seen a country like China go so far as to issue a crackdown on such operations which would probably cost millions of dollars to process. And while you are right about the part where their banning and crackdowns cause a massive cascade of negative eventualities in the market, it's not so consequential that the whole market wouldn't be able to recover because of it or something. If anything it's going to be a whole month of negativity, and then the next thing we know we've forgotten all about it already.

What I know is that gambling is already restricted in China, so if this new law only applies to some forms of gambling in their country, then the effect is not going to be massive. China is still strong even after this news because they still have other sources to generate a revenue, and those said streaming platforms can still allow other contents. I have no problem with illegal gambling being blocked because this could mean that those gambling companies are not paying their tax well. This is one of the risk operating an illegal business or using their service if you are a customer because your money can get stuck on them once they got busted out by the authorities.

The gambling ban may have worked, but it still can't stop people from China from stopping gambling because with what they can do, they can go back to any casino site they want. But if it is aimed at reducing the number of gamblers who are addicted to gambling, maybe that could also work. Still, the Chinese government must provide facilities in the form of rehabilitation centers for people who are already experiencing gambling addiction.

Well, it remains to be seen, and we await how it goes. Will it succeed or fail because people in China can gamble at online casinos easily? But hopefully, the Chinese government can think about the impact on the gambling business in their country.

It must be for the streamers. Personally, I have not seen any Chinese steamers and if there are, they may not be living in the mainland. Most probably just in Hong Kong or somewhere abroad. It must be targeting those Chinese steamers from abroad, they are the ones who can influence more knowing well he refuses to bow down to the dragon while promoting their Chinese online casinos. Baidu may not index them but word of mouth spreads like wildfire on Wechat.

I am not deeply informed with China but as far as I contacted with Turk friends living around China, they say internet in China is barely usable without vpn. Like most of educated people are already using vpns. So banning them out may be not so important for group of people that know how to deal with it. But it's still bad for platforms and streams if they are making more money through gambling ads. Pretty sure gambling sponsors were paying well.

Like in 2017 when they announced the ban on trading of crypto, ico and crypto related transactions. China has been in the news as one of the most hater of bitcoin related transactions because they want their people not to promote it, I guess they are capitalizing on their population to believe some of those restrictions would affect the global influence of bitcoin.

Now the ban of gambling streaming. This will not affect the gambling population because they can still access casino ads and play in their favourite casino since there is no ban yet on the gambling itself and in any case where that is done, VPN will still be used on some casinos. The Chinese government is only depriving their citizens the benefit of freedom of choice.

So if Chinese gamblers continue to gamble on online platforms (using VPN or whatever methods) and if the casino operator in China also continues their business the direct effect of these restrictions only be on the gambling steamers 

I guess the main purpose of this ban was to stop people from gambling, as when people will not see gambling streams they may not be tempted to gamble, but here it seems that the Chinese government is targeting the wrong audience and only the gamblers streamers are going to suffer and they are being at the edge of starving and getting hanged.

Only to apply to China, mate. Within their jurisdiction, region, and not anywhere else.

It's clear from the start and not new to the majority that China does have strict regulations regarding gambling therefore platforms should already be aware of that. Besides, what you mentioned is about "gambling streaming" and that's an obvious reason why it should be blocked. It's just that it affects another genre on the livestream.

And no, people will still use that platform since it's a video streaming platform in the first place.

The only thing that users are not able to see now is no live streaming but again, only under the China region.

It will have no effect because Bitcoin market had developed a resistance to the effect of China bans.  It has been happening for many years and the Bitcoin market tends to not react to it at all now.


I do not care what China wants to do as long as it does not affect my country.  It is their jurisdiction so it is their right to do the banning.  It is also obvious that people who enjoy the benefit of having Chinese viewers will affected by this action of China and the Casino that has the majority of their play as Chinese players will also be greatly affected.

I don’t see it wrong banning illegal gambling platforms because they can be very tempting for addicted gamblers. But if they will ban those legal and reputable platforms, I guess the problem will start there. However, I don’t think China will end up banning things that will give them bigger benefits. While taxing legal gambling platforms can be a means for country’s profits, so that means China will lose them everything if they put an end to it. I know China is smarter and greedier than any other country, so as long as there are possible profits that they can gain from these gambling platforms, then expect that banning will never be their option, except for those unregistered and illegal platforms that will only scam the gamblers later on.

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.

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.

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.

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.

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.

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.

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.


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.  

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.

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?

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

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.

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.

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.

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.

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. 

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

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.

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).

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.

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.

Everyone thought that Bitcoin mining would collapse after the Chinese government effectively banned Bitcoin mining in China and it did not happen.  The Chinese citizens found alternative ways to continue mining, even if it caused them to relocate to other countries. 

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) 

Hahahaha 
Anyway this is not funny, but why is China doing this?

With this prove alone it shows that sonner those who went to China to have fun will be living the country because the government have restricted them from having fun, if a country have rules like this it will make the country too boring for the liken from their visitors and they will starts living the country to either there own country or another country that doesn't have such rules.

today china is nothing in the cryptocurrency market, i'm talking in terms of power to influence the price and threaten the miners as they constantly did in the past. today when or if the government of china criticizes bitcoin or any altcoin, this criticism does not affect the price, that's because in the past they constantly did this and people learned their lessons and became more independent from china and the market currently does not suffer anymore with negative news that the Chinese government talks about bitcoin. this great fact that this market has stayed away from the influence of the Chinese government is undoubtedly the greatest achievement that the cryptocurrency market has achieved


on this subject, I have been reading for years that gambling is prohibited in china, but that there are some areas that are an exception, but this prohibition is for physical casinos, as far as I know and I could be wrong online casinos are not completely prohibited, but they have some restrictions, now if this is really true it does not mean that a person who lives in china can play in some crypto casino, that's because china has banned cryptocurrencies, although according to the newspapers that I have been reading the Chinese still trade cryptocurrencies on exchanges, so I assume they also use crypto casinos

I don't know if China is on the list of restricted countries in all casinos, in case they are not then the Chinese will continue to use the casinos, and about the Chinese government banning gambling streaming, honestly this will not create a disaster in this industry because the Chinese will continue to play and there are many other gambling streaming from other countries that will continue with their gambling streaming and in their countries, so the casinos will continue to pay the guys who live in the countries where their governments allow gambling streaming. that is, the market does not depend on China for anything

Gambling is completely different from cryptocurrencies. Also China ban bitcoin and other crypto, but the price of the cryptocurrencies dropped and increased back. But what will happen to gambling? If there is no more gambling in China (but which is not possible), only what would happen is for the gambling platforms to move elsewhere. Although some gambling platforms that solely depend or mostly depend on Chinese people may collapse, but nothing would happen to online gambling. More Chinese will even move to gamble online.

Gambling is banned in China.

I do not know much about this but first thing that I know is that Taiwan is not part of China as of now. Only Hong Kong and Macau can be regarded as part of China and they allow gambling because they are like countries on their own but China still control them.

Also that as China ban gambling, gambling is still well established in China.

All the Chinese content platform have their reason why they are banning gambling streaming



That is their reason for banning gambling streaming because

They think and conclude if they stop this gambling streaming they will stop the promotion of gambling and they can stop these gambling-related crimes, It is more on law and order and full control of the peace situation in China.

China is not the only one that's implementing this,  in our country we have ongoing campaigns on the promotion of illegal gambling that leads to crime.

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. 

A part of china and well known to the world for its casinos and gambling but china usually shows its interests here and deprives the people of their entertainment causing the victims to lose huge amounts of money. The chinese government has made its stance on cross-border gambling crackdowns important to the nation, and china is clearly pointing the finger at Manila, saying it hosts a large number of online casinos targeting china. This is affecting china's interests and undermining their financial supervision and security. The government is asking smaller countries to be part of or support the crackdown efforts it has initiated. But it's more of a loss for china that citizens can never thrive without entertainment.

Hmmm.. it seems we have the same thought, because illegal gambling has mushroomed everywhere. and restrictions as well as blocking of these illegal gambling sites really need to be done besides being able to harm the government and the state because they don't contribute taxes. Illegal gambling sites can also harm the players because illegal gambling sites are very vulnerable to cases of fraud.

And it is true that if these illegal gambling sites continue to run rampant, then this will be the biggest loss for the leading gambling platforms that already have permits from the government.

And there is a reason for that of course. Which any government would also like to do to their people.
This crackdown is due to them suspecting the live-streaming features may be used for illegal gambling. I think will not affect the crypto but only the fiat casinos on their platforms where the 86Research’s analyst says this will eliminate 20% to 70% of live streaming revenue.

So this crackdown doesn't involve Twitch or youtube streamers.

This indicates that gambling in China isn't easy, with citizens unable to access online gambling platforms unless they are authorized. This isn't a novel development, as China often makes significant headlines—such as banning Bitcoin and other attention-grabbing investor-related actions. Despite their actions, consider the market's current status; even with such measures, we're still flourishing. The outcomes may lead to revenue decreases for some, but the global landscape is expansive. It might be wiser to concentrate on countries that have a more favorable stance towards gambling.

will never take seriously about a country's gambling ban that could affect the gambling business throughout the country.

its about online gambling. so far, we know how online gambling is developing where when a country prohibits gambling activities which are considered as violating state laws, in reality there are still many gamblers from that country still gambling on any gambling sites. on the one hand, if China really bans gambling or bans any gambling activity, the owner of a gambling platform will not worry about a decrease in their revenue because there are still many other places to advertise their sites to keep a large number of customers. so there is no worry about losing customers because technological developments support the online gambling business to continue to grow.

but if we talk about land casinos there is no other choice but to comply with the rules of the country that have been set or if not switch business from land casinos to online casinos to keep running their business.

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.

It seems that it will have a negative impact on the gambling industry. But as far as what the negative impact will be, we don't really know because this is probably still new news that has yet to spread so widely so it might still take time to see what kind of impact it will have. But if you look at what happened in the crypto market when China banned crypto, it did have a negative impact that was immediately felt on the crypto market even though it is gradually recovering. At least we have seen the impact on the crypto market.

But hopefully, the negative impact that has occurred in the gambling industry will not significantly impact the crypto market and will only impact the gambling industry in China and not spread to other places. At the very least, we already know how people from all over the world will react if China makes its decision. And China is smart to use every moment to shake the industry and market.

Gambling is already restricted in China where Hong Kong, Macau, and Taiwan are only excluded from these restrictions so removing the streaming will not have any effect at all in my opinion. If I am not wrong most streaming platforms in China is not available for example youtube, google maps even the TikTok they have separated one for China alone then Google and apple pay almost everything so CHina is keen on building their own ecosystem which is completely controlled and censored by the government so don't expect them to be a democratic country where freedom of speech is allowed.

Isn't China one of the countries that have legal gambling permits?
Maybe what is banned is an illegal gambling platform that affects the performance of an official platform or legally licensed so that the prohibition and blocking is aimed so that registered casinos can increase more rapidly compared to illegal platforms that are spread.
After all, when a platform that has legal permission can develop more rapidly, the taxes that will be obtained by the Chinese government will also be even greater.
All of this is a strategy carried out by the Chinese government to be able to make more money, just like Bitcoin, which they banned before, also related to the large amount of money they want.
I feel that China has a big goal to be able to reap benefits from every existing industry and is willing to put some restrictions in order to make all of that happen.

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.