Pages:
Author

Topic: Is more regulation coming to online gambling? - page 2. (Read 353 times)

legendary
Activity: 2128
Merit: 1775
Is more regulation coming to online gambling?
Maybe, but the gambling industry continues as usual, I don't think it will affect its users in some rule changes.
My understanding is that the world economy is currently deteriorating, trade is bad, businesses are bankrupt, raw materials are expensive and so on, it seems that the gambling industry is currently the best solution to boost the global economy.

I think the government's only way to grow the economy is by implementing strict regulations/taxation on the gambling industry, in the future there may be no online gambling sites that can escape taxation, Thus, it is natural that online casinos will make regulations that may not be burdensome for the gambling industry, perhaps in the future users will face inevitable gambling taxes, my understanding is that this is the case in terms of future gambling regulations.
hero member
Activity: 1400
Merit: 623
no infractions are given to those playing at non-licensed casinos online and none to those operating them too.

To be honest, Do the government have a choice here? I mean can they track all their citizens on what website they are browsing at all time? Unless China is your government then it’s possible but for the other country especially 3rd world country government has now way to stop players on playing in online casino because everything is online.

There’s tons of online casino out there and there’s no way for them to determine whether their citizens is a player or not unless they request for KYC records. Besides the casino license almost cover the legality aspect of most country that includes with their scope.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
I believe there will be upcoming regulations in the future.
The growth of the gambling industry is just way too fast and I bet most governments who legalized online gambling will probably want a piece of the pie so regulations will be the key if they want to squeeze some money out of them. This will lead to exemptions by paying up some money so that they can still promote their service or just keep on being played in one country.
This is not a question of being a legal provider of games anymore, in your example slots, it is about the greediness that will happen when the government sees that most money is circulating in gambling. That can't happen especially if they are not getting anything out of it.
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
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.
hero member
Activity: 1414
Merit: 542
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?

Nah, I don't think that casinos will be forced to create their own slot and live games. They're still going to ride on casino operations, used their license slot and live gates and I don't think that regulators will completely stop online gambling per se.

And for me, for a country to stop online gambling, it's either 100% stop or no continue with it, no middle ground whatsoever.

Or there could be local gaming providers to comply with local rules.
legendary
Activity: 2002
Merit: 2534
The Alliance Of Bitcointalk Translators - ENG>SPA
Not the kind of regulation you expected to find here, but in Spain the new Real Decreto 444/2024 has just been published.

Among many other obligations for streamers and influencers, there are a few related to gambling advertising which have to do with underage viewers and restrictions outside night hours.

I don't know if there are similar rules also in other countries, but it seems quite a legal novelty to me, which could be copied in other jurisdictions too.

legendary
Activity: 1862
Merit: 1209
Casinos which already have license and ask KYC to comply with the regulations, I believe they're already safe. While the casinos which didn't have license and not asking KYC, they're in danger.

DNS block mostly happen to countries which gambling is illegal, that's why they block casino domain. It's quite tricky when the casino allow the country but the country didn't allow gambling.
legendary
Activity: 1498
Merit: 1116
Top-tier crypto casino and sportsbook
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?
There are game developers and providers who can develop games but do not have the capability to start and manage a casino. There are also people who have the capability to start and manage a casino but no ability to develop their own games.

These two sets of people go hand in hand and are functional because each other exists, although the number of casinos will be greater than the number of real casino game developers.

I do not think that there are many game developers and providers in the market, and if the new development is that casinos decide to start employing and personalizing game developers to produce games strictly for their own use, there may not be enough developers for other casinos to employ.

All casinos will not be able to create their own games.
sr. member
Activity: 560
Merit: 265
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?
I think you are late to the party. Casino do no have to be forced to create their own slot and live games. There are casinos that already have proprietary games. FortuneJack has,FortuneJack Roulette, FortuneJack Dice, and FortuneJack Blackjack. Stake has Stake Originals Slots, Stake Crash, and Stake Roulette. Crypto Games has CryptoGames Blackjack, CryptoGames Slots, and CryptoGames Roulette.

Did you know that they gladly did this because it comes with so many benefits. One of such benefit is that they'll have increase profit. Casino often have to pay fees in royalties for third-party games. This cuts their profit in half or thereabout. Having their own in house games makes them have 100% of the profit no sharing. Another advantage is that they have full control of their games and its features. They can go on to make customizations to the games any how they like.

hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim
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?
I don't understand your whole post. Any slots and live casino provider can provide game to casinos that have a license and these days it's very easy to acquire license, almost every crypto casino manages to get Curaçao or Costa Rica license. So, why do you think that casinos will be forced to create their own slot and live games? By the way, it's easy to create your own slot and many casinos have a variety choice of in-house games, including slots but it's very expensive to create a live casino because that requires tons of investment and doesn't worth if number of tables are pretty low.
The only regulation that comes to online gambling is only know your customer documents.
legendary
Activity: 2464
Merit: 1387
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.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
Yes, that will comes with the increasing popularity of online gambling. The governments wants to watch their people and wants to knows who often playing gambling and will makes more regulations to control their people.
That will happens too in the online crypto gambling because the governments thinks that they can gets more money from the tax that they applied to the gamblers. But we don't knows what and how they will do because it seems, the governments still search for that way.
Sooner or later, they will apply new regulation to online gambling and gamblers so we may thinks that will makes us feels can't playing gambling freely. But we should obey the regulations if we don't wants to breaks the regulations so we can playing gambling without any problems.
hero member
Activity: 798
Merit: 896
Leading Crypto Sports Betting & Casino Platform
Well, this can always happen.
The problem is, governments see the ever growing interest in gambling and they feel like they also want to get a piece of the pie. That's exactly what happened several years ago in Germany.

They saw an increase and quickly made some kind of law that every bet has to pay a 5% tax, it's hilarious. So bacially you bet 100$ on 2.0 odds, now you only get 190 if you win. That's a huge difference over a certain number of bets made.
Later this was even implemented for poker, so now for example German players at pokerstars aren't even allowed to play certain games and also have to pay tax on ever pot won. So basically you pay double, rake and tax.

Rake these days is already hilariously high and hard to beat but taking another 5% on top just makes it useless to continue playing.
Wouldn't be surprised if other countries will follow this example in the near future.
sr. member
Activity: 336
Merit: 365
The Alliance Of Bitcointalk Translators - ENG>PID
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.

Not very difficult but I see no reason why government would want to ban online casino as they literally cause no harm to the economy. These online casino operators are forced to comply to their rules just so they can operate in their country. So if government wish to ban any casinos, it would be only those that refused to comply. Besides like you said, some services on the Internet can always be accessed even after been banned by a country. But users will only use them at their own risk.

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?
If the developers of these games agrees to continue providing them for the online casino then there won't be any possible issue in the future. Except government start imposing restrictions on these developers on what casinos they should design for or host games with. Casinos will still need the developers for their games but they might be employed to work for them.
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform

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?
I don't see how this is going to be a problem for those of us living in countries where gambling is legal and these casinos operate. If the government target slot game providers, like Evolution Gaming and compels them to not grant access to their games on unlicensed platforms. The only people affected will be those who patronize these platforms. The only way I see that this would significantly affect game providers is if they have more number of gamblers playing their slot games at unlicenced the their licensed counterparts.
No one knows what the future of gambling will be like, but I sure that convenience will always be possible, various game providers may be able to develop much better by having operational permits to avoid ban.
It will never be certain because the future can only be guessed and hoped for, we will not be able to provide real and guaranteed conclusions before we can actually experience it ourselves.
However, it seems that what will be problem is that when gamblers access gambling sites but they are gamblers who live in countries with prohibitions on gambling activities, problems may occur.
Indirectly, when country has ban on gambling and many citizens of that country still carry out gambling activities, there is big possibility of ban that can be really suppressed by the government.
It just that for now everything is still working well and those who live in countries where gambling is prohibited can access gambling sites easily because of the use of VPN and this can stop tracking.
sr. member
Activity: 1106
Merit: 391
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.
hero member
Activity: 2520
Merit: 783
Yes I expect this to happen since gambling advertisement is rampantly goes anywhere. There's a lot of people trying to market their businesses on not proper channels which it can cause harm to people especially those young individual with saying something unrealistic claims for easy rich schemes if they play on particular casino. That's why I will not get surprised if there's sudden heavy changes will not be in favor to those casino who legitimately doing some good or responsible advertisement since for sure they will be included on the possible sanctions will happen by those casino doing those aggressive actions.

So maybe for this let see how government will take action towards this issue since if we could see them do something then its fine but hopefully they do the right decision and didn't do any bad judgement which they didn't think or study so well.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
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 do not see more regulations that will come than what I have seen today as some casinos and other gambling sites now want all their users to do KYC. If they do not get verified, there will not be withdrawal of any amount that they win. But there are many offshore  casinos that are not registered or licensed, having good customers reviews and has been existing since long time ago which make some gamblers in banned countries to join and enjoy gambling. Gambling is banned in China but China is among the top 3 countries that has the most gamblers in the world.
hero member
Activity: 1470
Merit: 790
ARTS & Crypto
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.
hero member
Activity: 1190
Merit: 901
Livecasino.io

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?
I don't see how this is going to be a problem for those of us living in countries where gambling is legal and these casinos operate. If the government target slot game providers, like Evolution Gaming and compels them to not grant access to their games on unlicensed platforms. The only people affected will be those who patronize these platforms. The only way I see that this would significantly affect game providers is if they have more number of gamblers playing their slot games at unlicenced the their licensed counterparts.
Pages:
Jump to: