[Discussion] Should Gambling be Banned? - page 8.

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Quote from: South Park on July 25, 2022, 09:20:08 PM

Quote from: coolcoinz on July 22, 2022, 04:11:37 PM

There are many branches of economy that are hard to regulate yet countries don't ban them. A good example is cryptocurrency. Less than 5% of countries banned it. It's the same with gambling. It's allowed in most countries and it's not because their governments aren't caring. They're rather not authoritarian regimes but countries that allow for more freedom.

How many gambling addicts are there compared to normal gamblers? 10%? A country that bans something for the minority is not democratic.

Not only that we know that banning something is incredibly difficult as long as there is demand for it, a great deal of people can gamble responsibly, so if gambling was banned the first thing that will come to their minds is that such a law is unjust and if they want to gamble they will have no problem playing at an illegal casino or gambling online avoiding any kind of restriction imposed by their ISP, so not only government will lose the taxes they get from gambling they will also have to prosecute people that just wanted to have some fun, creating a lot of ill will with their citizens.

They can still continue to gamble and even the ease of accessing the internet in today's era will give them the opportunity to gamble again.
Even if for example their country prohibits outright gambling, they can certainly find a way to continue gambling and we already know this.
Illegal casinos themselves are widely available even in countries where gambling is prohibited, people can come and go to the casino.
Not to mention if it is an online casino because people who are used to gambling can certainly access gambling sites easily.

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I would consider myself left libertarian in terms of political stance. I think something being addictive or dangerous doesn't mean it should be banned. Gambling is industry that helps many people (workers) to make a living. Its just another business based mainly on luck. I think best to do is to limit kids from gambling but completely permit other people. This is my idea on this topic in general. Gambling should not be banned.

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Apart from the dangers of gambling, there are main causes that make the ban included in the law. the main factor is contrary to religious beliefs which are the legal basis in the country.
this becomes very obvious when the country prohibits gambling but the people do online gambling with various techniques to be able to access it.

it is clear that something that is prohibited has a very large potential to attract the attention of more people. actually I don't really agree with banning online or land casino gambling, gambling is a very high risk entertainment as you say, and someone involved in it knows that. However, the negative impact that results from gambling is that individual responsibility, intellectual and more knowledge are the main things so that someone considers gambling is part of modern entertainment that does not have a major impact on his life let alone leads to addiction.

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Quote from: og kush420 on July 25, 2022, 06:40:10 AM

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.
However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

In those countries, they saw the harm of gambling and decided to completely banned it to make sure they will lower the risk of their people's depression because as we already know, there are lots of people who lost compared to winning when it comes to gambling. But some people are just hard-headed and pursue their high-risk hobbies even though their governments forbid them from doing so. When they messed up themselves, they don't have anyone to blame but their own desire, and their government are free of what they have done with their life.

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Quote from: coolcoinz on July 22, 2022, 04:11:37 PM

There are many branches of economy that are hard to regulate yet countries don't ban them. A good example is cryptocurrency. Less than 5% of countries banned it. It's the same with gambling. It's allowed in most countries and it's not because their governments aren't caring. They're rather not authoritarian regimes but countries that allow for more freedom.

How many gambling addicts are there compared to normal gamblers? 10%? A country that bans something for the minority is not democratic.

Not only that we know that banning something is incredibly difficult as long as there is demand for it, a great deal of people can gamble responsibly, so if gambling was banned the first thing that will come to their minds is that such a law is unjust and if they want to gamble they will have no problem playing at an illegal casino or gambling online avoiding any kind of restriction imposed by their ISP, so not only government will lose the taxes they get from gambling they will also have to prosecute people that just wanted to have some fun, creating a lot of ill will with their citizens.

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Quote from: blockman on July 25, 2022, 07:53:17 PM

Quote from: og kush420 on July 25, 2022, 06:40:10 AM

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

I think the figure of speech used was just too much but at some point, that's a fact for a country where the gambling industry is big.

A good example is Macau were around 80% of the revenue came from gambling. If that industry crashes, the country will be doomed as other industries there are not performing well to support the whole operation of that place.

But if the user means literally that gambling is "life support" for everyone, then that's wrong.

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Quote from: blockman on July 25, 2022, 07:53:17 PM

Quote from: og kush420 on July 25, 2022, 06:40:10 AM

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

Quote from: og kush420 on July 25, 2022, 06:40:10 AM

However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

Because there is online gambling and there are many ways to avoid that restriction that they do even online. Users can bypass that restriction by using VPN and as long as the online casino, crypto or fiat allows that per user then they can easily gamble back and forth, at any time that they wish to do.

The truth is that anyone can say that, but when someone starts playing things really change. I don't mean you react on the basis of losing. However, it is very important. I mean, you come to the casino with a desire to win, and that's a mistake.

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Quote from: og kush420 on July 25, 2022, 06:40:10 AM

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

Quote from: og kush420 on July 25, 2022, 06:40:10 AM

However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

Because there is online gambling and there are many ways to avoid that restriction that they do even online. Users can bypass that restriction by using VPN and as long as the online casino, crypto or fiat allows that per user then they can easily gamble back and forth, at any time that they wish to do.

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I may say this an rhetorical question. Because gambling itself, it has old as man himself. so banning gambling means banning man's life. Gambling means different thing to different people, to some people gambling means, wayward life, a cultist or a person that has no good future. Then to some, gambling is a game (hunting) thing around. Then the last group of people take gambling for fun, enjoyment and leisure to pleasure. But for me gambling is to while time in the time boring and the lonely period of the day. Therefore, to answer your topical question, gambling can not be banned because banning gambling will hurt everyone in the world. Everyone in the world play one game or the other to keep body and soul alive. Be a Christian, Muslim or a Pagan. Gambling also generate revenue (income) for the state government base on the tax paid by the casino companies in at the location to improve the gdp of the economy. It also employ workers that were duped by the government.

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Quote from: Mahanton on July 24, 2022, 03:23:30 PM

Insurance companies are businesses and there's no dumb company would definitely be offering these things to a gambler which they do know that it would be no sense on having one.
On the thing you had mentioned then i could say its a pretty clever thing but for sure it wont really be that appealing on someone to take that insurance basing on the amount
that had been mentioned. Cheesy

Insurance and gambling couldnt go nor intertwine with each other because it is really just having no sense at all.
But if someone could really deal up with that then we might see these things in the future but it is unlikely imho.

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.
However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

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Quote from: KTChampions on July 24, 2022, 10:06:12 AM

Quote from: livingfree on July 23, 2022, 04:24:08 PM

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

I do not think that this is a bad business, rather there is no demand for it. For example, I am ready to insure anyone against gambling (and make an insurance payment much more often than twice a year), but it is unlikely that anyone will buy insurance from me, because I will not sell it to my own detriment, right? The business must be profitable, so I am ready to insure anyone for any amount, but the cost of insurance will be equal to the cost of the insured bet + 10%. That is, if you want to insure $100, then I am ready to do it for $110. It is unlikely that there will be many who want to buy such insurance Grin

Insurance companies are businesses and there's no dumb company would definitely be offering these things to a gambler which they do know that it would be no sense on having one.
On the thing you had mentioned then i could say its a pretty clever thing but for sure it wont really be that appealing on someone to take that insurance basing on the amount
that had been mentioned. Cheesy

Insurance and gambling couldnt go nor intertwine with each other because it is really just having no sense at all.
But if someone could really deal up with that then we might see these things in the future but it is unlikely imho.

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Quote from: rahmad2nd on July 24, 2022, 07:55:43 AM

Quote from: livingfree on July 23, 2022, 04:24:08 PM

Quote from: n0ne on July 21, 2022, 07:47:32 PM

It might look funny, but it striked in my mind. Why don't we have a gambling insurance. This means a premium to be spend every month. Through this one can be availed with two claims per year. Here the user needs to list the sites he use. When the person goes for claim, the data regarding the loss will be collected by the insurance company and provides with the insurance amount. Many won't like this, because of the privacy issues.

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

well your answer is correct. IMO, no company is interested in opening insurance services for gambling.
There are many differences between insurance and gambling, the easiest of which are premiums for insurance, and bets for gambling.

I think there are many differences this will collide with each other because in the concept of insurance the essence will be different from gambling, goals, expectations, events, economic impact, psychological impact, social impact, so, the points I say will be contradictory in many ways.

That's why I agree with you that there will be no company that provides services for gambling insurance.
regardless of privacy or the insurance company itself. I do not agree that gambling is prohibited.

Your explanation makes things complicated. The only reason why gambling can't be applied on insurance is because of high risk involved. An insurance is only applicable on unforeseeable scenario such as accidents while losing in gambling can happened in purposed.

Rakeback and Cashback is more realistic insurance rather than the traditional that offers premium for gambling losses.

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Quote from: livingfree on July 23, 2022, 04:24:08 PM

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

I do not think that this is a bad business, rather there is no demand for it. For example, I am ready to insure anyone against gambling (and make an insurance payment much more often than twice a year), but it is unlikely that anyone will buy insurance from me, because I will not sell it to my own detriment, right? The business must be profitable, so I am ready to insure anyone for any amount, but the cost of insurance will be equal to the cost of the insured bet + 10%. That is, if you want to insure $100, then I am ready to do it for $110. It is unlikely that there will be many who want to buy such insurance Grin

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Quote from: livingfree on July 23, 2022, 04:24:08 PM

Quote from: n0ne on July 21, 2022, 07:47:32 PM

It might look funny, but it striked in my mind. Why don't we have a gambling insurance. This means a premium to be spend every month. Through this one can be availed with two claims per year. Here the user needs to list the sites he use. When the person goes for claim, the data regarding the loss will be collected by the insurance company and provides with the insurance amount. Many won't like this, because of the privacy issues.

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

well your answer is correct. IMO, no company is interested in opening insurance services for gambling.
There are many differences between insurance and gambling, the easiest of which are premiums for insurance, and bets for gambling.

I think there are many differences this will collide with each other because in the concept of insurance the essence will be different from gambling, goals, expectations, events, economic impact, psychological impact, social impact, so, the points I say will be contradictory in many ways.

That's why I agree with you that there will be no company that provides services for gambling insurance.
regardless of privacy or the insurance company itself. I do not agree that gambling is prohibited.

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Quote from: n0ne on July 21, 2022, 07:47:32 PM

It might look funny, but it striked in my mind. Why don't we have a gambling insurance. This means a premium to be spend every month. Through this one can be availed with two claims per year. Here the user needs to list the sites he use. When the person goes for claim, the data regarding the loss will be collected by the insurance company and provides with the insurance amount. Many won't like this, because of the privacy issues.

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

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Quote from: serjent05 on July 22, 2022, 05:20:22 PM

Quote from: Zackgeno96 on July 21, 2022, 04:15:20 PM

Gambling is already not allowed in a number of countries, but how do you want to ban that completely and then also control it? I think that's a hopeless job to be honest. As a player, if you live in a country where gambling is prohibited, it is quite easy to play with Crypto and using a VPN on a gambling site that does not ask for a KYC and the ban is quite easy to get around. There are countries such as Spain where online gambling is not allowed but where you have many local shops where you can gamble.

There are countries like this. They banned offshore gambling while they allowed their citizen to enjoy gambling in their government-owned Casinos. Like in the USA, online gambling was illegal but physical gambling isn't.

Quote from: Zackgeno96 on July 21, 2022, 04:15:20 PM

Also quite strange of course that it is allowed there and banned online.

It is obvious, the government has no control when it comes to online gambling, they cannot fully exercise their taxation unless it is their own. So rather than allowing online gambling established offshore to take a pie of the audiences and government tax income, they banned them so that citizens can just go to the government licensed gambling establishment.

That is correct - gambling is illegal and banned in many countries, like in many Islamic states, gambling and alcohol and sex with without marriage is a punish able crime. These people also survive and to bring in notice the ratio of depression and anxiety is very less in those people than those who gamble.

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Quote from: Zackgeno96 on July 21, 2022, 04:15:20 PM

Gambling is already not allowed in a number of countries, but how do you want to ban that completely and then also control it? I think that's a hopeless job to be honest. As a player, if you live in a country where gambling is prohibited, it is quite easy to play with Crypto and using a VPN on a gambling site that does not ask for a KYC and the ban is quite easy to get around. There are countries such as Spain where online gambling is not allowed but where you have many local shops where you can gamble.

There are countries like this. They banned offshore gambling while they allowed their citizen to enjoy gambling in their government-owned Casinos. Like in the USA, online gambling was illegal but physical gambling isn't.

Quote from: Zackgeno96 on July 21, 2022, 04:15:20 PM

Also quite strange of course that it is allowed there and banned online.

It is obvious, the government has no control when it comes to online gambling, they cannot fully exercise their taxation unless it is their own. So rather than allowing online gambling established offshore to take a pie of the audiences and government tax income, they banned them so that citizens can just go to the government licensed gambling establishment.

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Quote from: CryptopreneurBrainboss on July 22, 2022, 12:14:21 AM

Quote from: qwertyup23 on July 21, 2022, 07:19:33 PM

I think the better approach is that instead of complete prohibition, strict regulations must be implemented in order to protect gamblers, who are addicted,

I guess the reason behind the bans is because it's hard to regulate the industry in preventing addicts from taking advantage of the gambling. How do you know a gambler is an addict when someone can basically sit at the comfort of there house nowadays to play bets online without having to go to physical casino as in the old days. A caring government knows that gambling does no good to the economy of their state.

It's unhealthy when your citizens are addicts, hardly will that country be productive and be moving forward so to prevent that from been the norm, countries are resulting in banning the activity as that can only be the solution. Assuming there was a means in which gambling doesn't get ban but can be controlled to prevent addicts form taking advantage of it then it'll be done.

There are many branches of economy that are hard to regulate yet countries don't ban them. A good example is cryptocurrency. Less than 5% of countries banned it. It's the same with gambling. It's allowed in most countries and it's not because their governments aren't caring. They're rather not authoritarian regimes but countries that allow for more freedom.

How many gambling addicts are there compared to normal gamblers? 10%? A country that bans something for the minority is not democratic.

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Quote from: mindrust on July 15, 2022, 03:28:25 AM

Of course no.

Adult people can decide what to do with their money. It is not the government's business. People should have the right to lose money. If online gambling is going to get banned, they should ban real life gambling too. There is barely a difference.

What we need is a better education system and less population. Without these, there will always be lots of losers.

There is no reason for gambling to get banned. What we need is that the people should learn to understand that gambling should not be considered a source of living so that they won’t gamble trying to win and chase their losses. Gambling is a kind of entertainment, so we should gamble to make pleasure, not to cry out loud when we end up with big losses. If we think we can’t manage the risk in gambling, then we should not gamble in the first place.

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Quote from: coupable on July 22, 2022, 07:41:41 AM

Quote from: Japinat on July 21, 2022, 06:37:43 PM

I'm also not looking forward to see gambling be banned but I am inclined to that the government could create heavy regulations and implementations to reduce the addiction and other related to it and to protect the minors from these activities.

Like you, I had the same ideas, but by thinking carefully about some of them, I find that there is a complex question that will be asked about what strict measures that the state can impose to reduce the phenomenon of addiction to gambling or to prevent children from doing this activity. I know that it will be contrary to everything that the state should not interfere in, but the urban decision is the only way to achieve these goals as quickly as possible.

Surely it's hard enough to find some stringent measures that will provide what the people and country's need, gambling is just like tobacco and liquors though, it's addictive but government can't still ban it nor have the factories closed because the state or country will need the tax that will be generated by these industries. That will be a challenge to every government because the lives of their children or grandchildren is at stake when they cannot find a proper solution about this problem.

Topic: [Discussion] Should Gambling be Banned? - page 8. (Read 2880 times)