Topic: Is more regulation coming to online gambling? (Read 324 times)
Gambling is not legal in many countries of the world they think it is illegal, and if it is not legalized, no one will be able to control it to increase the trend of online gambling. Online gambling is completely anonymous and completely out of government control. In countries where gambling is legal the government of that country can regulate gambling. If controlled by the government, no one can do any illegal activity they will be protected by law. The law and order members of the country are ready to perform their duties with utmost sincerity and devotion to uphold the freedom they will work to ensure public safety.
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Well it's true that if a country wants to be draconian against online enterprises they can very well be. For instance, in most developed countries it's easy to play in an online casino that would be considered non-licensed by local laws just by buying crypto and some DNS change. But think about New York for example. New Yorkers have it very hard for them as they have little to no access to legal crypto exchanges. If they have to rely on peer to peer sales that are unreliable and expensive just to load up their casino ballance they might as well succumb to the pressure and only play on whatever licensed app can be offered in their locality.
I assume the same applies for China as well as many other countries where access to crypto purchases for retail investors is very restricted. Europe could be like that at the turn of a switch as well. And if that happens, there's little to no infrastructure to support the purchase of crypto at market prices for individuals. So especially for online casinos I don't think there's going to be a cyberpunk future. If a country wants to restrict access to them regardless of collateral damage they can do it by cutting off the funding methods.
People that have difficulty to access online gambling games will find a way to visits that site and maybe they will use VPN besides change their DNS. But for those who can't use kripto to playing gambling, they can use fiat money in the gambling application that's legal for their country. They can also search for local casino so they can playing gambling without visiting on the online casino. They needs to follow the regulation and they don't have to breaks the rules because that can makes them in a trouble.I assume the same applies for China as well as many other countries where access to crypto purchases for retail investors is very restricted. Europe could be like that at the turn of a switch as well. And if that happens, there's little to no infrastructure to support the purchase of crypto at market prices for individuals. So especially for online casinos I don't think there's going to be a cyberpunk future. If a country wants to restrict access to them regardless of collateral damage they can do it by cutting off the funding methods.
People can access crypto easily if they lived in a country that have a strict regulations about crypto. People must search for the way to access crypto and if they wants to invests in crypto, they must knows about the rules before they decides. We don't knows if there are no future for people who lived in that country because maybe there will be a change in the future which allows their people to access crypto easily. That will needs to waits for the time until their government change their regulations about crypto and until that time, their people can only waits.
In my country, gambling activities are illegal and are often considered a negative activity by most people. However, this still does not limit people from gambling and betting, where many people are trapped in a cycle of illegal and irresponsible gambling. Even gambling activities have become a real problem for the country and most of the people in my country. Because gambling is illegal, the state does not gain any profits from the gambling activities that people often engage in. In this case, the state is greatly disadvantaged because the money that should be circulating to advance the economy of the lower classes, every day. money just flows through gambling sites.
However, when the government tries to legalize gambling, it aims to provide more freedom to regulate, control and limit gambling activities that are often carried out by the public. This is quite difficult to do, because it is clear that this is very contrary to the rules, norms, culture and religion that exist in my country. In this case, the government is very confused because illegal gambling activities are very difficult to eradicate.
However, when the government tries to legalize gambling, it aims to provide more freedom to regulate, control and limit gambling activities that are often carried out by the public. This is quite difficult to do, because it is clear that this is very contrary to the rules, norms, culture and religion that exist in my country. In this case, the government is very confused because illegal gambling activities are very difficult to eradicate.
Online casinos are very difficult to ban in any country in the world unless you are in China and you are not affected by a Chinese Firewall. It is also probably in North Korea, where they have their own Internet consisting of several sites. In the whole other world, no matter how the governments of countries try to ban something, they do not succeed. A banned site can always be opened via VPN and nothing will stop you from doing it. And VPN has different protocols, like proxies, and anyone can use it.
Very difficult to ban huh? No wonder why I always saw a user who are looking for an alternative because the ones they are using are not working anymore. China is a strict country not on almost any thing, not only in gambling but this country is not alone to ban all sorts of gambling.I assume the same applies for China as well as many other countries where access to crypto purchases for retail investors is very restricted. Europe could be like that at the turn of a switch as well. And if that happens, there's little to no infrastructure to support the purchase of crypto at market prices for individuals. So especially for online casinos I don't think there's going to be a cyberpunk future. If a country wants to restrict access to them regardless of collateral damage they can do it by cutting off the funding methods.
what do you think?
Online casinos are very difficult to ban in any country in the world unless you are in China and you are not affected by a Chinese Firewall. It is also probably in North Korea, where they have their own Internet consisting of several sites. In the whole other world, no matter how the governments of countries try to ban something, they do not succeed. A banned site can always be opened via VPN and nothing will stop you from doing it. And VPN has different protocols, like proxies, and anyone can use it.I heard a couple of them already and there is a reason for that. The main one would be is when the number of addicts are now uncontrollable. Government has the rights to do what they can but it's just that people are sometimes hard-headed to not obey it. I won't feel sorry if they get caught out and punished severely but this act as a warning for others to not follow.
Given the prevalence of online gambling and crypto casinos I think this might be a realistic development that could be coming. It makes me wonder what the future of gambling online with crypto will be then.
With all of the regulation that's happening in the circle of crypto, we can see from exchanges, to mixers and soon, the casinos aren't going to be spared with that. That's why many crypto casinos today are too strict with the implementation of KYC because it's not only about the providers but mainly from the government to track and avoid necessary issues that relates to money laundering. So, they're pressing everything coming from the providers, to the casino itself and then it's passed on to the users that don't really have a say to these matters. Will casinos be forced to create their own slot and live games? And perhaps even bring workers abroad to run them without legal consequence? What do you think?
Much better if they make their own games and develop it but I guess there are some legal implications about it. And about recruiting people bringing it to them, it's a different matter to get addressed about labor issues or working visa grants which is definitely they'd do it legally. 
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Wouldn't the same issue of casinos operating in legal countries still be a problem? But for unlicensed ones, rather odd how providers don't already have that rule or agreement of theirs that requires a casino to at least have a license to operate a business online. Or do they just in general give it out and just let the casinos do the geoblocking for countries where gambling isn't allowed? I also highly doubt casinos making their own games. They can make a couple few, but all of them? Nah. I reckon they'd have to spend too much time and money for that effort when there's already ready made ones in the market.
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Allowing more regulation to take place under the premise of minor protection might sound like a good cause, but for online gambling it might be a major setback. How can we implement limitations that are actually going to work? The only method I can think of is pre-emtive live KYC and perhaps also live verification before gambling sessions. Do we want and need this only to prevent minors from playing? It would be very easy to track one's activity also and for governments as well to snoop on what people do.
For me, I'd rather accept that there's some personal responsibility with each parent to teach but also monitor their children than have to go through hell each time I'd like to toss away a few cents.
Obviously with the growth in online gambling more regulation isn't far behind. There are entire industries that pop up around the regulation of new successful things... I don't necessarily think that has to be a bad thing though. Maybe if you don't like gambling, but if you are ok with the moral issues of gambling then I think more regulation will lead to more acceptance into our typical daily lives. For example, I think it's only a matter of time before everyone can gamble on the phones on any sporting event. They just have to move slow to make sure all their ducks are in a row, but it's coming for sure.
As long as they are a registered platform then they are all good other than that may subject to banning and that is what currently our government is doing to unregistered gambling platforms. But gambling ads around social media is rampant I think that should also be regulated as minors could see it that may cause them to get into it without the proper guidance of their guardians or even violate the law.
Keeping in mind most of the advertisement being done today is targeted, then I assume those services which sell advertisement space, like Google Ads, are pretty aware of the age of the targeted public for certain products.
Actually, when you create a Google account, one of the first things which are asked to you about yourself if your age and your gender, that is supposed to be enough for Google and other big technology companies to know whether you are suitable to receive ads of gambling, alcohol or even adult content.
If there was something to worry about when we talk on the issue of children and teens seeing and partaking on gambling, I would rather point out to streamers on YouTube and Twitch. There are also many games which have those mechanics called "loot boxes", which is softcore gambling in the eyes of many.
It makes me wonder what the future of gambling online with crypto will be then. Will casinos be forced to create their own slot and live games? And perhaps even bring workers abroad to run them without legal consequence? What do you think?
If such regulations are enforced, I guess casinos will just find alternative games to offer to the public, which are less complex to be developed. Something like the original games popular platforms have disponible. It's just too expensive for casinos to develop their own exclusive slots games on the complexity level of slot machines games provided by third party companies for a wide range of platforms.And in fact, to not offer these games shouldn't be the end of the world for casinos, because the most popular category of gambling these days is sports betting. So that is what casinos are really focused in offering to the public nowadays, while everything else is just secondary.
Well, when we look at the case of physical casinos for example, we realize that they are operating in compliance with many laws imposed by governments. Those who look at physical casinos only in terms of beauty and the games offered cannot imagine how many points of law physical casinos are obliged to comply with and yet physical casinos are complying and operating normally. Physical casinos are obliged to provide reports on the condition and operation of slot machines and other games of chance that the physical casino offers. physical casinos are subject to periodic inspections by governments
Physical casinos are required to show the state of finances (account report) annually to the governments where the physical casino is located. land-based casinos pay taxes, land-based casinos are obliged to enter into an employment contract with casino employees and respect the country's employment laws. So when we see that governments are tough on land-based casinos, we can easily predict that this toughness will also expand to online casinos. It is inevitable that this happens.
Physical casinos are required to show the state of finances (account report) annually to the governments where the physical casino is located. land-based casinos pay taxes, land-based casinos are obliged to enter into an employment contract with casino employees and respect the country's employment laws. So when we see that governments are tough on land-based casinos, we can easily predict that this toughness will also expand to online casinos. It is inevitable that this happens.
Given the prevalence of online gambling and crypto casinos I think this might be a realistic development that could be coming. It makes me wonder what the future of gambling online with crypto will be then. Will casinos be forced to create their own slot and live games? And perhaps even bring workers abroad to run them without legal consequence? What do you think?
But I believe this is going to be an unrealistic expectations from countries that have legal framework for gambling and none of the players or casinos will want to face such troubles that is why the government will definitely not pay attention to regulating just a single game out of the rest.
As long as they are a registered platform then they are all good other than that may subject to banning and that is what currently our government is doing to unregistered gambling platforms. But gambling ads around social media is rampant I think that should also be regulated as minors could see it that may cause them to get into it without the proper guidance of their guardians or even violate the law.
Would really be that so hard for those social media platforms on having that entire ban considering that one of their main sources of income or revenue is gaining from those ads on which its normal that they would really be that allowing it but of course there would really be those terms and conditions or prohibitions that had been set but still not wont really be enough on totally not for kids or minors to see those ads and this is why its something that inevitable for them to see those things. As for regulation then each country does have their own set of rules whether they would be allowing gambling or would really be totally be banning it.For those who are unregistered or doesnt have the license then it would really be considered to be colurom. We cant really be able to deny that dealing with them doesnt really give out that kind of
security for its users or gamblers which means that licenses and regulation does have that kind of pros too.
The biggest reason for regulating online gambling is to restrict and protect underage kids
from getting addicted.
An underage kid cannot walking into a casino or a bookmakers shop here and place a wager,
its illegal but accessing a casino on a smartphone is very easy for kids and very difficult
for the casinos to verify the age of the user other than some form of legal ID like drivers license
or Passport.
So yea I think it is inevitable that there will be more regulations which aim to protect the underage
but will affect everyone.
Allowing more regulation to take place under the premise of minor protection might sound like a good cause, but for online gambling it might be a major setback. from getting addicted.
An underage kid cannot walking into a casino or a bookmakers shop here and place a wager,
its illegal but accessing a casino on a smartphone is very easy for kids and very difficult
for the casinos to verify the age of the user other than some form of legal ID like drivers license
or Passport.
So yea I think it is inevitable that there will be more regulations which aim to protect the underage
but will affect everyone.
How can we implement limitations that are actually going to work? The only method I can think of is pre-emtive live KYC and perhaps also live verification before gambling sessions. Do we want and need this only to prevent minors from playing? It would be very easy to track one's activity also and for governments as well to snoop on what people do.
For me, I'd rather accept that there's some personal responsibility with each parent to teach but also monitor their children than have to go through hell each time I'd like to toss away a few cents.
Will casinos be forced to create their own slot and live games? And perhaps even bring workers abroad to run them without legal consequence? What do you think?
Casinos will never be forced to make their own games, it is an option that exists, some casinos can opt for if they want to have their own original games, which is often the case with crypto casinos. I doubt any casino will "import" workers for any casino jobs, I don't see why any casino would.
Regarding the title, I think that some new laws will come, or some old ones will be strengthened in some way. In any case, it will not affect all online casinos, it will all depend on many factors: where the casino is registered, in which countries it operates, what games it offers... and as always, the bigger a casino is and in more countries they wish to operate legally they will have to obey some rules.
I guess it's hard to predict what regulations are coming, that's something we'll have to wait and see what happens. Everyone has their own opinion, but I believe there will be surprises.
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Leading Crypto Sports Betting & Casino Platform
Governments will do whatever is within their jurisdiction to regulate how online casinos can operate in their country. Whether it's with KYC obligations to users, tightening security and privacy, and various other regulations. And with the growing development of the online casino industry, this might be a reason for the government to add new regulations to online casino operations to prevent things that harm users or other problems. And this might limit the user's freedom in playing or various other aspects of the casino. This may have pros and cons, but the government has the right to do that and the casino industry must accept it.
What more new regulations would or should be added to the online casino apart from the already existing KYC requirements that have been deemed necessary for every casino to implement?
For some other countries that still allow their casino to operate without KYC needed, the government of those countries cannot interfere unless they block the site from working in their own country, and even if they do, some citizens in that country can still use VPN browsers to access the casino, just like someone already stated it.
I don't see any more regulations coming aboard; that can be worse than KYC, where someone has to give away their secret personal information.
Regulated online casinos will only guarantee you one thing, safety, because they have reputations that they have worked so hard to build, all you all seeking for a non regulated casinos don't know what you are talking about.
A non regulated casinos have every reason to deal with you anyhow, they can decide to steal from you and still ban you, I won't dare gamble on a casino thats not regulated and those casinos that made it big are all regulated, that should tell you something.
If your online casino is not regulated it is running illegally, in the real world some people visit local casinos, they don't care about their identity, but when it comes to online casinos everyone want to hide, like what are they hiding from?
Either new or old regulation on all online casinos I don't have a problem with this, i use less than thirty dollars to gamble so what could go wrong? Unless you have something you are hiding, I don't see any reason why anyone will think that this is a bad idea.
A non regulated casinos have every reason to deal with you anyhow, they can decide to steal from you and still ban you, I won't dare gamble on a casino thats not regulated and those casinos that made it big are all regulated, that should tell you something.
If your online casino is not regulated it is running illegally, in the real world some people visit local casinos, they don't care about their identity, but when it comes to online casinos everyone want to hide, like what are they hiding from?
Either new or old regulation on all online casinos I don't have a problem with this, i use less than thirty dollars to gamble so what could go wrong? Unless you have something you are hiding, I don't see any reason why anyone will think that this is a bad idea.
In addition to the point that Op touched on, which I share his position on, is sufficient reason to impose new regulations on the gambling industry sector in any country willing to grant activity licenses to casinos, I would like to add another point that is much important, which is the great development that the artificial intelligence sector is having actually, like never before. It is possible to determine the areas of his activity that now include everything.
Gambling service provider companies may use artificial intelligence software in a way that may not be consistent with the conditions agreed upon in the terms of activity licenses. The authorities granting activity licenses must take into account the development taking place and keep pace with it, because the results may be disastrous for users and for the state’s interests in collecting the necessary taxes as well.
Unfortunately, there are not many discussions about the sector’s regulations or how to develop them accordingly.
Gambling service provider companies may use artificial intelligence software in a way that may not be consistent with the conditions agreed upon in the terms of activity licenses. The authorities granting activity licenses must take into account the development taking place and keep pace with it, because the results may be disastrous for users and for the state’s interests in collecting the necessary taxes as well.
Unfortunately, there are not many discussions about the sector’s regulations or how to develop them accordingly.
As long as they are a registered platform then they are all good other than that may subject to banning and that is what currently our government is doing to unregistered gambling platforms. But gambling ads around social media is rampant I think that should also be regulated as minors could see it that may cause them to get into it without the proper guidance of their guardians or even violate the law.
Gambling has existed for thousands of years and will exist as long as there are people - and the authorities always knew that people should be given "bread and games" in order to control them more easily. The only thing is how much of the cake the authorities want, and given that it is a very profitable business, I think they will always be able to agree on the terms.
I agree with that, I think that they're going to get more rampant now more than ever because there's more streamers that are promoting gambling websites in my country and I don't think that the government would ever want their "cake" or piece of the gambling pie to be too low so I'm sure that they're making a move already about the taxation and regulations.They've already done this during the pandemic which I applaud because there's no way to make a lot of money at that time and online cockfighting is becoming a hobby for many people at that time because they're stagnating in their house and they want something to do and it just so happens that gambling has been a thing that popped up and they decided that it's worth the risk and then the government got the wind that it's becoming a problem and they've immediately banned those websites to prevent people from using the cash injections they receive from the government to gamble their money away on those online cockfights.
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