They cannot impose a tax on online casinos that is not within their jurisdiction, physical casinos are generating business and employment compared to online casinos that are located overseas they are making a profit at the expense of their people without paying their government, but they are acting like totalitarian and this is something that will have effect when these legislators seek for re-election.
Gamblers especially those playing for years will always find a way and it will lead to corruption, I read in one article where underground internet cafes catering to gamblers because their government is banning online gambling.
Topic: Karnataka Government Banned Online Gambling (Read 316 times)
I think I've read that incident of suicide before but if that's the reason why they're putting a ban onto online gambling due to it, no one can stop them if they see the bad out of it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
Maybe that incident add up the urge of government to ban it but I think that's not the primary reason on why they implement that. Maybe they see it disastrous to their citizens that's why they cut off the its access to the people there. But I think its ok since there are still other choices to play if they really want to gamble and they should follow what government implement.
Also maybe the best thing to execute to calm ourself while gambling is to lose only the amount what we can afford to lose and make sure that one is just an extra money since if we put all our money hoping that it will multiply immediately then provably we will also think bad on our selves since losing everything is so stressful.
It can also be a competition within the vicinity of the city that has a local casino but I don't know if there is on that place.
1. Competition against physical casinos
2. Rampant people are getting addicted and messed out their lives
3. Simply doesnt really like gambling due to its addiction common problem.
4. There might be some exclusions and it will vary
Decisions made does depend on certain reasons but those are just common ones.There's nothing we can do if government
had posted or does make out restrictions.
I think I've read that incident of suicide before but if that's the reason why they're putting a ban onto online gambling due to it, no one can stop them if they see the bad out of it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
Maybe that incident add up the urge of government to ban it but I think that's not the primary reason on why they implement that. Maybe they see it disastrous to their citizens that's why they cut off the its access to the people there. But I think its ok since there are still other choices to play if they really want to gamble and they should follow what government implement.
Also maybe the best thing to execute to calm ourself while gambling is to lose only the amount what we can afford to lose and make sure that one is just an extra money since if we put all our money hoping that it will multiply immediately then provably we will also think bad on our selves since losing everything is so stressful.
It can also be a competition within the vicinity of the city that has a local casino but I don't know if there is on that place.
I think I've read that incident of suicide before but if that's the reason why they're putting a ban onto online gambling due to it, no one can stop them if they see the bad out of it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
Maybe that incident add up the urge of government to ban it but I think that's not the primary reason on why they implement that. Maybe they see it disastrous to their citizens that's why they cut off the its access to the people there. But I think its ok since there are still other choices to play if they really want to gamble and they should follow what government implement.
Also maybe the best thing to execute to calm ourself while gambling is to lose only the amount what we can afford to lose and make sure that one is just an extra money since if we put all our money hoping that it will multiply immediately then provably we will also think bad on our selves since losing everything is so stressful.
I think I've read that incident of suicide before but if that's the reason why they're putting a ban onto online gambling due to it, no one can stop them if they see the bad out of it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
That's a reminder to all gamblers that when you gamble, just keep it to yourself and be calm at all times and before you gamble, think of it as you've already lost and you're okay with it.
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But as previously stated in the news, the law does not include Horse Racing.
This is what I absolutely despise with all of these lawmakers.
They try to bully everyone with their policies... Except for their friends who pay them the big bucks.
This ban will not work. How will they catch the people who gamble? The U.S. government can't even control/regulate online gambling especially through VPNs that circumvent any IP restrictions, let alone a state in India.
Maybe some officials like to bet on Horse Racing so they did not include that in their policy to still bet on their favorite game. Maybe we will see an update from their government about the policy and hopefully, they will not be too strict as before.
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But as previously stated in the news, the law does not include Horse Racing.
This is what I absolutely despise with all of these lawmakers.
They try to bully everyone with their policies... Except for their friends who pay them the big bucks.
This ban will not work. How will they catch the people who gamble? The U.S. government can't even control/regulate online gambling especially through VPNs that circumvent any IP restrictions, let alone a state in India.
What I think is that India anyway, they want to be an important part of both the gambling and the BTC market, for me their strategy is basic and low, prohibit and then seek negotiation, which translates into implementing a "business model "It is well known that now the future and especially the money is going the way of BTC, gambling, casinos and NFT games. In this case, they are attacking casinos and gambling games because they know that many play and spend very large sums of money, they are taking advantage of an unfortunate event such as the suicide of the young man, but that is only the excuse to enter. The amendments can be reversed according to the interests of the governments, which, I think is what they are looking for, where obviously, they do not take into account the community of players of such an important country and specifically in Karnataka, I think it is a matter of months to reach a level of negotiation with the casinos and bookmakers, where obviously they will demand a high tax.
That's quite true, despite the many policies that have recently sounded very unfavorable in India. I had heard news on TV channels that Indians are tenacious, creative and also highly motivated people. Despite the dense population they clearly prioritize education in a way that doesn't always go to high school.
Back to the gambling regulations in India, especially the Karnataka region, that so far there are still active gamblers and ignore the rules that have been set. At a glance, India is easy to enter the crypto space because indeed they had a role when Bitcoin was ignored there. Until now the Indian community is active in the Bitcoin movement, crypto gambling and many other cryptocurrency projects that they have launched, although not all of them are really successful.
So it is fine if a person shift from Online gambling to betting on horse racing and then get addicted and then commit suicide? These lawmakers are really stupid or they are pushed by the bribes they are getting from these horse racing venues.
In most cases these online gambling bans has nothing to do about the losses that people suffer.... but more with the licenses that are bought to operate these venues. (It also applies to people that want to host local lotteries)
This is also why they restrict the amount of companies that are allowed to operate... because the bribes are bigger, if it is difficult to get it approved.
In most cases these online gambling bans has nothing to do about the losses that people suffer.... but more with the licenses that are bought to operate these venues. (It also applies to people that want to host local lotteries)
This is also why they restrict the amount of companies that are allowed to operate... because the bribes are bigger, if it is difficult to get it approved.
Yeah before everyone starts panicking about India banning an unbannable currency for the nth time, lets all remember that cryptocurrency can be used for online gambling services but the same goes for fiat or even coupons. So banning it won't really bring any kind of results I would say...
...Other than that I have stopped trusting banning of bitcoin news over the years. If anyone could have banned it, they already would have.
Bitcoin is forever.
...Other than that I have stopped trusting banning of bitcoin news over the years. If anyone could have banned it, they already would have.
Bitcoin is forever.
What country is this from? Not familiar with the name of the government so I can't gauge whether it's going to be an influential legislation. If I just assume, I am thinking that it's not going to have a big effect in gambling industry let alone the crypto gambling platform.
I also heard this county name for the first time but the question is can they ban them ?
I mean can't the people use VPN and access the online gambling ? They can ban gambling in their country but people can still gamble on online international sites with crypto.
The entertainment to their community are now cut sad to see that still this is not the end only the online gambling in some reason the have the rights to do it also to prevent some people gamble that money, of course, there's a big reason like massively report of gambling addiction to their country still some of the gambling-like horse race game is still open to making it its one of the most popular and its too hard to remove this because there are rich people invested to got this gambling entertainment.
Because this kind of gambling involves the big names in the country where the bet is huge and the government enjoyed it especially when they get the TAX out of it. the more the bets. the more cash they get from it. The same for cockfighting in our country where is obviously not right because they both hurting the animals and gamble without any limitations. They banned all the gambling activities in the country except the one that pays tax regularly. As long you pay the tax, they won't touch you.
Now that kind of policy sounds ridiculous, if it only refers to big income, it's better not to ban gambling, but to provide new rules for all gambling to pay taxes per month/year to the government. Otherwise, the sanction of closure applies or with an appropriate fine. Isn't that fair enough for all parties? So that no one is harmed either from gamblers, casinos, or the government itself.
India is not one of the countries with the top horse racing popularity, but a major horse racing event is held every year in the country ~source. There's no way a regulation would remove a source of revenue from the gambling industry without leaving one (the biggest one), especially if the country hosts events frequently. In this case, horse racing events contribute some income, ranging from organizing permits, sponsorships, to the bets of the gamblers involved.
Or maybe there is some kind of India tradition that considers horse racing to have a spiritual value. Apart from the gambling in it. Because India, with a fairly thick diversity of traditions, maybe this makes horse racing a show that they must hold every year.
If I am correct Gambling is banned in India and the same applies for betting. There are some states that allow lottery, not sure which states do. This kind of a ban does not make any sense as offline and online gambling falls under the ban. That is why there are so many incidents of illegal gambling and betting activities happening in India. I do not think such bans will affect a gamblers because if they want to gamble they will find a way.
Perhaps the exception is because it has made a large contribution to the local government at the tax rate they pay to be exempt. Once again regulations will be increasingly challenged and people in India cannot simply avoid gambling, even if they are illegal to do so. Like most in other countries all against regulations that are illegal for the sake of pleasure.
What country is this from? Not familiar with the name of the government so I can't gauge whether it's going to be an influential legislation. If I just assume, I am thinking that it's not going to have a big effect in gambling industry let alone the crypto gambling platform.
It's a state in India. Of course it is not going to affect the gambling industry because the majority of the countries around the globe does not ban online gambling and casino, whether it's based on fiat or cryptocurrency. India only allows horse racing and lottery for ages that's why I think they banned new type of gambling because they don't need that many. Especially when you know your people are experiencing poverty and suicides at the same time.
Every country does have their own jurisdiction not only for gambling industry but also in other industries as well.It doesnt matter if those decisions will really get some criticisms.
We have voted them for such position then its their decisions which needs to be followed.
What country is this from? Not familiar with the name of the government so I can't gauge whether it's going to be an influential legislation. If I just assume, I am thinking that it's not going to have a big effect in gambling industry let alone the crypto gambling platform.
It's a state in India. Of course it is not going to affect the gambling industry because the majority of the countries around the globe does not ban online gambling and casino, whether it's based on fiat or cryptocurrency. India only allows horse racing and lottery for ages that's why I think they banned new type of gambling because they don't need that many. Especially when you know your people are experiencing poverty and suicides at the same time.
The law was submitted following the death of a guy due to gambling losses ( he committed suicide)
This is not good there are people who treat online gambling as a form of entertainment and they should not suffer from this harsh law, those playing online betting for a long time will find ways to still play, they should do a feasibility study first before coming up with a harsh law.
maybe the guy is problematic already , too bad that gambling is the one that is blamed for his loss and yeah theres also horse racing games online aside from horse racing that are available in sportsbetting sites .
people can still gamble in it and banning wont make much sense . better if they will only enhance the warning in gambling or on how to be a responsible gambler and not by banning it directly .
What country is this from? Not familiar with the name of the government so I can't gauge whether it's going to be an influential legislation. If I just assume, I am thinking that it's not going to have a big effect in gambling industry let alone the crypto gambling platform.
Karnataka is a state and is a part of India, and yes you're right that banning online gambling in any form is not going to have a big effect in the gambling industry or can be a major effect in crypto gambling space.
As you Karnataka is a small state of India and have just a few hundred people that have been involved in gambling let alone the whole Indian country. If you search the top 15 countries who gamble online/offline, India is not in the list.
For more information and news about the banning of gambling in Karnataka, you can see this link.
https://m.economictimes.com/tech/technology/karnataka-notifies-law-banning-online-betting-games/articleshow/86790685.cms
The law was submitted following the death of a guy due to gambling losses ( he committed suicide)
This is not good there are people who treat online gambling as a form of entertainment and they should not suffer from this harsh law, those playing online betting for a long time will find ways to still play, they should do a feasibility study first before coming up with a harsh law.
Exactly right, the Karnataka government's sudden ban on online gambling has had a detrimental effect on gamblers. Gambling halls are sitting online. This time the Karnataka government brought a bill to stop this dishonest activity. Even if he plays through VPN if the government understands the crime will be punished with 6 months imprisonment and a fine of Tk 10,000. Anyone who helps or persuades in betting will also be punished.
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