Regulations in online Gambling sites - page 5.

jademaxsuy

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If regulatory to online gambling casino will be push through then high chances that it will going to centralization. This is the problem with the government because they are not really at help when they will just make online gambling casino as milking cow getting taxes and licences for them but the service for protection is not being done and mosy government are reactive to phenomenon. Since online gambling is new then high chances that government could be facing difficulties in solving the problems that will be encounter.

Quote from: shoreno on August 26, 2020, 08:25:42 AM

its not a weakness but its a normal requirement not only for a gambling place but also to any other business . its not money that are given to someone else for them to use personaly but its a tax that will be used for important occasions .

legal sites online are still being tax , so you cant say that building sites online can make you escape those obligations.

Yes, no one can escap taxes unless you want to get a hufe penalty from the government. Most of business owners are aware of huge penalty so they do not have choice but to follow the government mandate.

shoreno

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Quote from: pikkie on August 26, 2020, 08:11:19 AM

Quote from: AicecreaME on August 26, 2020, 06:19:18 AM

Quote from: Debonaire217 on August 24, 2020, 11:44:57 PM

Quote from: plr on August 23, 2020, 10:41:14 PM

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted.

I'm afraid this can't happen. Government has all the power on its entire country, if a gambling site or a physical gambling casino will not follow the requirements that their Government gave to them, automatically they will be shutdown. And for the statement you said that it's for the tax and to help gamblers not to get addicted, it's more likely for taxes. The percentage of their pity towards gamblers are just 20-30%, because Governments mostly are corrupted.

well, that is the weakness of gambling places that have physical locations while online gambling places will make it difficult for the government to collect taxes or any information requested by the government so maybe one solution that could be an option is to build an online gambling place.

its not a weakness but its a normal requirement not only for a gambling place but also to any other business . its not money that are given to someone else for them to use personaly but its a tax that will be used for important occasions .

legal sites online are still being tax , so you cant say that building sites online can make you escape those obligations.

pikkie

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Quote from: AicecreaME on August 26, 2020, 06:19:18 AM

Quote from: Debonaire217 on August 24, 2020, 11:44:57 PM

Quote from: plr on August 23, 2020, 10:41:14 PM

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted.

I'm afraid this can't happen. Government has all the power on its entire country, if a gambling site or a physical gambling casino will not follow the requirements that their Government gave to them, automatically they will be shutdown. And for the statement you said that it's for the tax and to help gamblers not to get addicted, it's more likely for taxes. The percentage of their pity towards gamblers are just 20-30%, because Governments mostly are corrupted.

well, that is the weakness of gambling places that have physical locations while online gambling places will make it difficult for the government to collect taxes or any information requested by the government so maybe one solution that could be an option is to build an online gambling place.

AicecreaME

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Quote from: Debonaire217 on August 24, 2020, 11:44:57 PM

Quote from: plr on August 23, 2020, 10:41:14 PM

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted.

I'm afraid this can't happen. Government has all the power on its entire country, if a gambling site or a physical gambling casino will not follow the requirements that their Government gave to them, automatically they will be shutdown. And for the statement you said that it's for the tax and to help gamblers not to get addicted, it's more likely for taxes. The percentage of their pity towards gamblers are just 20-30%, because Governments mostly are corrupted.

Lanatsa

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Quote from: mardaed on August 25, 2020, 09:52:19 AM

Quote from: iTradeChips on August 25, 2020, 09:40:53 AM

Quote from: Debonaire217 on August 24, 2020, 11:44:57 PM

Quote from: plr on August 23, 2020, 10:41:14 PM

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted. When gambling sites becomes regulated and gamblers still choose to play in decentralized and non registered ones, it could be two things, they have tons of money and they don't care about losing, they just want to earn, have fun by testing their luck. Or, their funds didn't come from legal source that is why they don't want it to be publicly seen being betted in regulated online gambling sites.

Well, I think aside from massive losses that will be the effect of the gambling industry being regulated, I think another consequence of this is the proliferation of illegal gambling sites and illegal gambling places that would be run by gambling syndicates. As people are being controlled in playing inside casinos, they will try to go to the illegal places and sites so that they can have more "freedom" in gambling. Of course there would be crackdowns by police, so I think the whole scenario will be nasty and dangerous in the long run.

I get your point and I agree with you. Being dictated and controlled can have negative impacts most of the time. Considering that gambling is one of the recreational activities that people do, they want want at least the freedom to do and enjoy it.

Always been part and the reality that do happen not only today but in the past as well where these illegal places will surely exist due to prohibition on such place.

Syndicates will really consider on making these underground places yet they do able to see the money or profit making opportunity due to demand.Its impossible into a certain place that wont

really seek out towards gambling and as exampled into this one where limitations had been set out which isnt really that enough even for a day.This will really trigger out this kind of scenario.

mardaed

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Quote from: iTradeChips on August 25, 2020, 09:40:53 AM

Quote from: Debonaire217 on August 24, 2020, 11:44:57 PM

Quote from: plr on August 23, 2020, 10:41:14 PM

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted. When gambling sites becomes regulated and gamblers still choose to play in decentralized and non registered ones, it could be two things, they have tons of money and they don't care about losing, they just want to earn, have fun by testing their luck. Or, their funds didn't come from legal source that is why they don't want it to be publicly seen being betted in regulated online gambling sites.

Well, I think aside from massive losses that will be the effect of the gambling industry being regulated, I think another consequence of this is the proliferation of illegal gambling sites and illegal gambling places that would be run by gambling syndicates. As people are being controlled in playing inside casinos, they will try to go to the illegal places and sites so that they can have more "freedom" in gambling. Of course there would be crackdowns by police, so I think the whole scenario will be nasty and dangerous in the long run.

I get your point and I agree with you. Being dictated and controlled can have negative impacts most of the time. Considering that gambling is one of the recreational activities that people do, they want want at least the freedom to do and enjoy it.

iTradeChips

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Quote from: Debonaire217 on August 24, 2020, 11:44:57 PM

Quote from: plr on August 23, 2020, 10:41:14 PM

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted. When gambling sites becomes regulated and gamblers still choose to play in decentralized and non registered ones, it could be two things, they have tons of money and they don't care about losing, they just want to earn, have fun by testing their luck. Or, their funds didn't come from legal source that is why they don't want it to be publicly seen being betted in regulated online gambling sites.

Well, I think aside from massive losses that will be the effect of the gambling industry being regulated, I think another consequence of this is the proliferation of illegal gambling sites and illegal gambling places that would be run by gambling syndicates. As people are being controlled in playing inside casinos, they will try to go to the illegal places and sites so that they can have more "freedom" in gambling. Of course there would be crackdowns by police, so I think the whole scenario will be nasty and dangerous in the long run.

Saisher

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Quote from: fiulpro on August 06, 2020, 02:06:44 AM

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 .

Gamblers are one of the people that is hard to control they should know that, they can fake things so they can continue playing,just like smokers who can hoard cigarettes, so he can satisfy himself, especially if the gamblers can afford to play a big amount, and now he is restricted to a fraction of what he is betting they will always find a way to escape or past those regulations.

Debonaire217

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Quote from: plr on August 23, 2020, 10:41:14 PM

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted. When gambling sites becomes regulated and gamblers still choose to play in decentralized and non registered ones, it could be two things, they have tons of money and they don't care about losing, they just want to earn, have fun by testing their luck. Or, their funds didn't come from legal source that is why they don't want it to be publicly seen being betted in regulated online gambling sites.

South Park

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Quote from: erikoy on August 24, 2020, 03:29:36 AM

Well I agree with the soft cap of 100Euro per month as socially acceptable spending limit of a certain gambler. But, I guess it is hard for the rich kids to make an adjustments to this because they usually tend to deposit on more than that as they had enough resources or money to enjoy in betting. But, if this will be implemented then many gamblers will be able to benefit with this especially to those who get addicted in playing the casino. Another thing that government should consider the decentralization of the gambling sites because as to what they did it will turn out to be that gambling site will be centealized for beimg under their watch, taxes will follow, licensed and etc. to protect the gamblers.

I disagree, when a law is passed that only brings benefit to a very small minority while the other 99% is affected negatively by such law then it is clear that such law is unfair, but as I have said this is not really about gamblers this is about control, governments want to eliminate cash, why do you think that is? That is because if you are forced to use the banking system they can create all kind of regulations on how you can use your money and if you don't follow them they can freeze your money with a few clicks.

peter0425

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Quote from: ethereumhunter on August 18, 2020, 03:59:36 AM

Quote from: peter0425 on August 18, 2020, 12:27:18 AM

Government has no power against gamblers specially in online gaming because players can always find place to play without government interference .
this is how hard the situation is why people continues to become addicted because of their own stupidity,i should have known because i am a former addict as well but now i have recovered and living happy with gambling only occasionally .

I am happy to know that you can recover from your addict. I think you can spread the info to other people or make counseling to help people who have a problem with addiction. That will worth doing when the government can not play their role in the gambling industry because it's related to personal. The more people can educate the other about the danger of playing gambling, and more people can be saved.

Thanks for the Kind words mate but yes that is what i am doing for years now,telling people i met that i know who's involving into gambling to try controlling their self specially when demand of betting comes to them because this will lead to addiction .
and also Here in crypto whenever i across and see some thread that needs advice?without hesitation and second thoughts i am giving them advises and perseverance that they can handle the problem just to listen to themselves and dedications.

erikoy

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Well I agree with the soft cap of 100Euro per month as socially acceptable spending limit of a certain gambler. But, I guess it is hard for the rich kids to make an adjustments to this because they usually tend to deposit on more than that as they had enough resources or money to enjoy in betting. But, if this will be implemented then many gamblers will be able to benefit with this especially to those who get addicted in playing the casino. Another thing that government should consider the decentralization of the gambling sites because as to what they did it will turn out to be that gambling site will be centealized for beimg under their watch, taxes will follow, licensed and etc. to protect the gamblers.

alani123

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This type of control over gambling sites is going to bring the barrier of entry higher and reduce the drive for cutting edge innovation. Those established as a top site and in good terms with the government, will have incentive to keep funding the government to keep their position. And the main incentive of top casinos would rather be to sabotage competitors other than innovate to attract more gamblers.

Over regulation will just create further drive for a black market. This is part of the reason gambling with crypto became so big. It's so easy to circumvent blocks that nowadays all skilled gamblers are doing it. Casinos would have to increase revenues in less creative ways like increasing house edge. Governments are probably unaware that these measures are probably going to give more gamblers a worse deal when gambling.

plr

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If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

travwill

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Quote from: ?? on ??

Definitely, Slots games are so addictive not only here in my country, totally I saw the impact, seems like good but sometimes you almost forget all the important things first, I think it is the effect as casino lovers, and I respect that, maybe my mind is turned to that hopefully aside from me, our government also really needs to control it, Actually with a good reason through regulation for balancing to all activities between life and games. Because in reality it just a game that can give pleasure and happiness.

A couple of days ago, I made an appointment with a friend, for which he was late as a result because he lost track of time playing in slots in a casino.
Moreover, my friend never visits a casino, this was his first time. He was late for an hour and did not even call back, referring to the fact that there was no connection.
Gambling turns people into addicts very quickly.

South Park

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I am terrible at Fantasy Football!!!

Quote from: RokokGudangGaram on August 17, 2020, 10:45:02 AM

Quote from: South Park on August 17, 2020, 10:34:32 AM

I have read about that as well and I do not like it, I understand intention behind this proposed law but it is ridiculous, if people want to gamble their money away then that it is their choice, they earn the money that they are using to gamble and they should be free to use their money as they see fit, this is just another attempt by governments to try to control the behaviour of people through money, fortunately for us those days are coming to an end as they are not going to be able to do the same with the gamblers that prefer to use bitcoin.

I have just read this now but I highly think that you are right. People are capable to think rationally, and if they let their emotions lead their way, it is their decision. With the history of the government interfering with things to be advantageous on their end, it is hard not to think that they have hidden agendas.

It is very obvious what they are trying to do, at first they are trying to pass laws to try to control money of the people that seem to have no control over their decisions, other people see this as a good thing but then they begin to pass more and more intrusive laws until it gets to the point that you cannot do anything without the government approval, fortunately for us satoshi was able to see through this and created bitcoin at the right moment to give us an option to get out of that oppressive system if we want.

Mahanton

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Quote from: DoublerHunter on August 18, 2020, 02:42:56 PM

Quote from: Viscore on August 18, 2020, 05:40:03 AM

Quote from: DoublerHunter on August 17, 2020, 05:47:06 PM

Quote from: freedomgo on August 17, 2020, 04:14:34 PM

~snip~
Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

^ There's no need to have this if everyone will follow the rules and regulations by the government. I agree on the post of OP related to the government that every gambler should have a limit to spend in gambling. It means there is no become gambling addict if everyone will follow. It is a simple regulation but I think had a good result. Nevertheless, this also has an effect on online gambling casino, since in traditional casinos have regulation and using cryptocurrency is unregulated, probably gamblers will switch to a crypto online gambling casino.

Limiting the allowable amount to gamble is likely effective to think than sending gambling addicts into rehabilitation. By strict implementing the rules, it for sure gamblers have no chance to overspend their money and time in gambling. It could be a lot of works for the implementing body but I can see a positive result of that. Of course, it never works that fast and easy, it is a long process for sure.

^ Gambling is meant to take risk and no amount of value is reasonable to the word risk it is gambling as it is. How about if they peak to a 1Million euro for individual gamblers in 1 month but has a limit to bet? for example a certain user can gamble His/her 1m euro for 1 month but only limited to 50 bets? and before they try to regulate they must require gambling sites to do KYC. No KYC required gambling site should be closed, But I bet you can't do it.

Even if they do set on prohibiting gambling sites then they cant surely do it because they do like it or not there would be still people who would gamble on illegal means or would totally oppose into the laws that had been set out.When it comes to such regulation which had they set some limit which is very small and i dont see the point on why the do give out such law if its just really be just good to have nothing at all.Government does have the power and citizens wont really have any choice but to abide on whats being mandated.
On the situation you had exampled out on giving that 1million limit with several amount of bet then lots of people will surely prefer this one rather than on the current.

DoublerHunter

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Quote from: Viscore on August 18, 2020, 05:40:03 AM

Quote from: DoublerHunter on August 17, 2020, 05:47:06 PM

Quote from: freedomgo on August 17, 2020, 04:14:34 PM

~snip~
Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

^ There's no need to have this if everyone will follow the rules and regulations by the government. I agree on the post of OP related to the government that every gambler should have a limit to spend in gambling. It means there is no become gambling addict if everyone will follow. It is a simple regulation but I think had a good result. Nevertheless, this also has an effect on online gambling casino, since in traditional casinos have regulation and using cryptocurrency is unregulated, probably gamblers will switch to a crypto online gambling casino.

Limiting the allowable amount to gamble is likely effective to think than sending gambling addicts into rehabilitation. By strict implementing the rules, it for sure gamblers have no chance to overspend their money and time in gambling. It could be a lot of works for the implementing body but I can see a positive result of that. Of course, it never works that fast and easy, it is a long process for sure.

^ Gambling is meant to take risk and no amount of value is reasonable to the word risk it is gambling as it is. How about if they peak to a 1Million euro for individual gamblers in 1 month but has a limit to bet? for example a certain user can gamble His/her 1m euro for 1 month but only limited to 50 bets? and before they try to regulate they must require gambling sites to do KYC. No KYC required gambling site should be closed, But I bet you can't do it.

Lakai01

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Quote from: bitbunnny on August 17, 2020, 12:15:48 PM

However, I don't know how this could be possible in reality and not to cut some rights for everyone else which is not good.

This is regulated quite simply in the country where I live, only state-controlled casinos are legal, everything else (including online gambling) is illegal.
When you enter a state-controlled casino you have to identify yourself, usually with your passport. If you appear in a database of gambling addicts, you will be denied access to the casino.
In the casinos themselves, you cannot play with cash, but must first convert it into chips, so it is also tracked how much money you bet in a certain period of time. If this is conspicuous (eg thousands of euros in a month) so you are also denied access to all casinos.

Viscore

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Quote from: DoublerHunter on August 17, 2020, 05:47:06 PM

Quote from: freedomgo on August 17, 2020, 04:14:34 PM

~snip~
Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

^ There's no need to have this if everyone will follow the rules and regulations by the government. I agree on the post of OP related to the government that every gambler should have a limit to spend in gambling. It means there is no become gambling addict if everyone will follow. It is a simple regulation but I think had a good result. Nevertheless, this also has an effect on online gambling casino, since in traditional casinos have regulation and using cryptocurrency is unregulated, probably gamblers will switch to a crypto online gambling casino.

Limiting the allowable amount to gamble is likely effective to think than sending gambling addicts into rehabilitation. By strict implementing the rules, it for sure gamblers have no chance to overspend their money and time in gambling. It could be a lot of works for the implementing body but I can see a positive result of that. Of course, it never works that fast and easy, it is a long process for sure.

Topic: Regulations in online Gambling sites - page 5. (Read 1351 times)