Topic: Regulations in online Gambling sites - page 11. (Read 1351 times)

Actually, am surprise to see how this can be implemented by the government of Great Britain regarding to this online slots games. What I see can be done is the government centralizing the online gambling casinos to be able to effectively implement this regulations without which can't be possible. Also, the efforts which will yield possible result on this; will be a tougher one for the government of Great Britain across all online gambling websites. But, if this yield good result; there will be more peace among homes and even among gamblers. Let wait to see how it all play out.

I think it's a fair piece of legislation. It simply aims to prevent people who cannot afford to lose money from losing more money than they can afford.

In turn, this should prevent these same individuals from applying to extortionate payday loan companies in order to pay off their gambling debt—which actually ends up sending them further into the hole.

Not sure how they're going to able to enforce this minimum across multiple sites though. I imagine that a problem gambler would simply register to a new site to get another 100 EUR limit again.

Unless there's some sort of centralized gamblers database (which seems highly unlikely), then it's just not going to work.

I don't think the government is ready to fix the problem of gambling in casino once and for all. You can't say you are regulating drunkenness or heavy drinkers while calling places people go to drink "drunkenness spots". Betting ≠ Gambling. Taking too much risk in betting centers (& with non-betting related things) is gambling. It's a mistake that needs to be corrected in the laws first, in order to avoid more confusions and mistakes.
I worry they will continue to run around in circles trying to understand and fix a problem.

By the way, the wealthy and poor gamble with their money in casino/betting centers. It seems the government is only focused on poor casino gamblers? They could as well do thesame thing with gamblers in stock/forex/crypto trading and good traders would be limited from trading with sufficient funds. A good sports bettor for example should be able to bet above those limits placed by the government.

Well apparently you did not read the same , even here I have stated above the aforementioned topic that you are talking about.

Both of them are Preety different therefore I did not think that it would be good if I did post there only. Plus I did put up a link of the previous topic the fact that you told me that justifies that you did not even read the first 4 lines 😂.


Strongly agreed , but the problem is they are putting very low limit , see if someone wants to gamble away 1000£ ,they won't stop him , he can most likely use good sites to 100£ but the person can get involved with the dark market and stuff .

At the same time get scammed.

But they cannot keep a track of each and every individual's net worth therefore the idea should be different for everyone , for some100£ is very low to begin with.

This is paving way for Centralization , soon enough online crypto casinos will be heavily regulated , at the same time Government will be asking for taxes from these sites which will shut off small business. It's like a whole new strategy.

Rest they have defined it as helping people break the addiction , I do think it's not really how people get out of an addiction.

You have to give :
Time
Attention

At the same time addiction for everyone is quite different thus should be handled differently. They could have made a helpline or something where people can reach them and talk about it. As far as I understand the human psychology does not allow for forced regulations, it only creates problems.

I am not sure if this is a mistake or not, but you have the same topic posted. I think you should delete either one of your posts since the topic is the same, or you can just reply to the first topic you have started if you want to add or reiterate your idea or opinion. Cheers, have a great day.

https://bitcointalksearch.org/topic/you-have-to-prove-that-you-can-take-the-loss-5266925


Agree, since some problem gamblers don't have a stable income or those who are of low-income individuals, this will limit them for going beyond what they can spend.

I think 100 Eur is a really low limit but as an idea it is a good one.It is designed to stop people becoming addicted and losing everything in gambling.I am a strong advocate of limiting to a certain amount the maximum money you can spend in a gambling site as it safeguards you for going even deeper.I think major websites have such option but is optional to the player and not mandatory.

I very recently read a news regarding how one has to prove that , they can afford the loss of even 100 euro.

https://bitcointalksearch.org/topic/m.54941310

Now I was going through the news and found some indepth idea of how the casinos will be regulated online. The one am sharing is regarding the slot games being regulated online in Great Britain.

https://www.gamblingnews.com/news/slot-games-in-gb-to-receive-betting-and-deposit-limit-suggests-a-new-report/

-Mandatory limit between 1£-5£
-Soft cap of 100£ monthly

This changes a lot of things like :


This is paving a new way towards centralization of online Gambling sites by the government.



_*_



^ This one I might agree with somehow , as it will control the gambling addiction but at the same time it won't stop people from using other methods to gamble . They will just hide it from the government and use sites which doesn't follow up and end up getting scammed.

But 100£ cap is too low.

According to them they are looking forward for controlling the gambling of low income households and for the high income households they want to show them how they have to control their habits of gambling per-se

People are not bots.
They are very aware of what they are doing at the same time they could have opened the care system or something for them instead of controlling them like this , Because at the end of the day they cannot influence each and everything just like that .

It is done with good intentions but forcing people to follow rules will never go well with anyone.

What is your take on this ?

This news actually paves a way further into how the governmental bodies plan on regulating the online casinos especially the crypto ones .