From the last two days, we have experienced some major Geopolitical Tension as Iran invaded Israel and there is a fear whole world including the United States of America, Russia, China and other Middle Eastern/ Asian countries may be directly involved in this war if the situation does not norm quickly.
We have seen some big dumps in the world stock market and crypto market and the world's business may get affected by this situation. I would like to know what impact will it have on gambling ?
Do people gamble less when they see such tensions around the globe?
Will the gambling sites/bookies will have an impact on this situation?
A war like this are often overexaggerated, just like it happened with Russia and Ukraine, there is no world war anywhere, at least not so soon. The Russian-Ukraine war still continues and the world has moved past that when it comes to how things are compared to how they were in the wake of the war. As it is in the Israel-Palenstine war, cryptocurrencies initially sold off due to the war, but what later happened? It moved back upwards afterwards. The sudden shock in the market is what is causing that, which couples with the risk-on nature of the crypto market among others. However, it will have little or no impact on gambling, this will be so, because gambling will continue as usual in most quarters and the last time I checked, Iran, Palestine and Israel are not the big names in the gambling industry. So, they can't pull the ground in any way in this area.
Also, with the inception of crypto and online gambling, nothing serious can ever happen if a full war breaks out. The war may though push more people to stay indoors, just like the time of Covid-19. What happened? More online activities happened of course, and this will cause the gambling industry to witness more patronage. But I do not see this war escalating. Iran is just foolish but the way the whole world is treating the situation and calming the tension shows that there can't be an escalation. Israel is now mature enough not to retaliate but demanded heavy sanctions against Iran. So, everything will soon get back to normalcy in both the cryptocurrency world and the gambling industry which it never affected yet.