Regulations in online Gambling sites - page 7.

maydna

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Quote from: ultrloa on August 16, 2020, 07:55:21 PM

Quote from: TopT3ns on August 16, 2020, 07:37:24 PM

Quote from: MCobian on August 16, 2020, 06:52:29 PM

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

well I really agree with what is being said because of course the government will know the advantages and disadvantages that players get at the gambling place and of course the government will make a way for them to pay profit tax also means that the government wants to enjoy the profits that have been obtained and I think regulations for gambling establishments do not really matter.

Not only that players could also assure their safety since the casino is been well regulated by the government, we already know how many times scam casinos come and wreck people here so if regulation will implemented we might gonna see a big changes on gambling industry and legit business will come to the scene.

When something worst happens to that casino, they can complain to the casino and the government. If the casino doesn't respond to their complaints, people can ask the government to help them investigate the problem. The gambling industry will grow bigger because, with the government's regulations, the casino and the gambler will have protection, so both the casino and the gambler don't have to feel worried if the bad things happen.

But still, that will need more effort to invite the online casino to register their site to the government because they think that their business operates online. Perhaps, the government doesn't have jurisdiction to investigate or to know who they are. But we hope that the gambling industries, offline and online, will be better in the future.

robelneo

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Quote from: fiulpro on August 06, 2020, 03:06:44 AM

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 .

This is prejudging the lower income people they have an equal rights like those with high income earners too, there are a lot of circumstances where these people lower income will play on the threshold, like they got a gift from a gambler as a form of tips and they can play as high as 500 Euro or it's his birthday and he wants to be entertained by using cash gifts lower income people are monnitored and limited because of this.

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Quote from: TopT3ns on August 16, 2020, 07:37:24 PM

Quote from: MCobian on August 16, 2020, 06:52:29 PM

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

well I really agree with what is being said because of course the government will know the advantages and disadvantages that players get at the gambling place and of course the government will make a way for them to pay profit tax also means that the government wants to enjoy the profits that have been obtained and I think regulations for gambling establishments do not really matter.

Not only that players could also assure their safety since the casino is been well regulated by the government, we already know how many times scam casinos come and wreck people here so if regulation will implemented we might gonna see a big changes on gambling industry and legit business will come to the scene.

TopT3ns

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Quote from: MCobian on August 16, 2020, 06:52:29 PM

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

well I really agree with what is being said because of course the government will know the advantages and disadvantages that players get at the gambling place and of course the government will make a way for them to pay profit tax also means that the government wants to enjoy the profits that have been obtained and I think regulations for gambling establishments do not really matter.

LogitechMouse

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If you are an gambling addict then that soft cap is very low knowing that some of the gamblers are throwing far more money than that amount in the casinos. For sure this will lead to some negative effects to them.

On the other hand, this will prevent the low money gamblers to prevent from getting addicted. This will help lessen the gambling addiction of most people who are involved into gambling in general. Although this will be implemented, I think the government will having a hard time doing it and for sure the revenue of the gambling sites will greatly affected by this.

Japinat

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Quote from: MCobian on August 16, 2020, 06:52:29 PM

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

They would not think of this law if they think it's not the best solution.

Gamblers who doesn't want to be regulated will certainly look for other options, like you mentioned, they will look for an unlicensed casino but that would put them in risk of getting arrested and not everyone can afford to risk on that. So it would minimize the gamblers activity, and think that there's no perfect law, there are still some violators but since they are subject to the law, it's easy for the government to penalize them.

MCobian

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In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

Ridwan Fauzi

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Quote from: iTradeChips on August 16, 2020, 10:35:24 AM

Gambling addiction can really lead to serious mental and emotional consequences if left unchecked, especially if the player loses a very big amount of money. The amount that was proposed is low but it is already, for me, an acceptable amount that can be implemented so that we can achieve the necessary aim of helping potential victims stay in good mental state. They can try to increase the amount depending on the players means, but I think the best is still to educate the gamblers and advise them to control the amount of money they put in.

I think there is no money management in gambling, you just need to spend money that you can afford to lose. Using money for basic need is not good idea, the gambler should avoid that. When we play gambling, we just have one focus, we have win the gambling no matter how much money that we spend. So, I myself get used to play gambling with take the money that I can afford to lose and I always have a budget for this once a week. I won't accept if I include as a gambling addict because I can leave it sometime but I take it as my hobby, that is my though maybe it will be different for those gambling addict.

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Quote from: Botnake on August 16, 2020, 06:25:06 PM

Quote from: rexxarofmoknathal on August 16, 2020, 06:03:50 PM

Quote from: swogerino on August 06, 2020, 03:23:09 AM

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.

As you say major casinos have the option but it's up to the customer if they want to use it or not. While I understand the government would like to regulate this in some way capping the gambler in my opinion would lead to both unhappy casinos owners and gamblers as such. So much so that together they might even conspire against the regulation.

There's also the idea that gamblers would gamble at the casinos without this type of restriction since these casinos are online after all. I think the idea overall is OK but in practice I fear it won't do so well.

I think it will not be compulsory for major casinos, the name itself implies they are a takers of major bets from gamblers.
You can't call it major casino if there's a limit on it that is implemented, you are right, it should be optional, depends on the gamblers only as casinos who like to maximize their profit would not force gamblers to limit their bets, that's insane and against their goal to be more profitable.

Gambling capital of the word which is Macau, I think they are the real definition of gambling without limit.

https://gamblersdailydigest.com/gambling-capital-of-the-world/

It's only one country that limit its gamblers, I'm sure not every government will follow the same regulation, some government were able to educate their people well so they are responsible when they are gambling.

There's always a warning that goes " Gambling Responsibly ", if there's a limit, it might be chance because whatever we do, we are just allowed to fixed maximum in a monthly basis, you don't need to to be careful as you are on limit.

Honestly, real gamblers are already complaining with this law.

Botnake

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Quote from: rexxarofmoknathal on August 16, 2020, 06:03:50 PM

Quote from: swogerino on August 06, 2020, 03:23:09 AM

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.

As you say major casinos have the option but it's up to the customer if they want to use it or not. While I understand the government would like to regulate this in some way capping the gambler in my opinion would lead to both unhappy casinos owners and gamblers as such. So much so that together they might even conspire against the regulation.

There's also the idea that gamblers would gamble at the casinos without this type of restriction since these casinos are online after all. I think the idea overall is OK but in practice I fear it won't do so well.

I think it will not be compulsory for major casinos, the name itself implies they are a takers of major bets from gamblers.
You can't call it major casino if there's a limit on it that is implemented, you are right, it should be optional, depends on the gamblers only as casinos who like to maximize their profit would not force gamblers to limit their bets, that's insane and against their goal to be more profitable.

Gambling capital of the word which is Macau, I think they are the real definition of gambling without limit.

https://gamblersdailydigest.com/gambling-capital-of-the-world/

rexxarofmoknathal

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Quote from: swogerino on August 06, 2020, 03:23:09 AM

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.

As you say major casinos have the option but it's up to the customer if they want to use it or not. While I understand the government would like to regulate this in some way capping the gambler in my opinion would lead to both unhappy casinos owners and gamblers as such. So much so that together they might even conspire against the regulation.

There's also the idea that gamblers would gamble at the casinos without this type of restriction since these casinos are online after all. I think the idea overall is OK but in practice I fear it won't do so well.

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Quote from: MFahad on August 16, 2020, 02:58:19 PM

Quote from: LbtalkL on August 16, 2020, 01:51:14 PM

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

All these restrictions are not possible to implement in online casinos. The only thing these rules does is that some people take them seriously and follow them. Even if 20% of the people follow it, there purpose is fulfilled.

For those in UK the government us very much serious about this regulations and their citizens will definitely obey these regulations. What the UK government want is for the gamblers to have good life and their families, but if they will implement some regulations and omits some then those plans to regulates the gambling process will end in futility.

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Quote from: 2double0 on August 16, 2020, 04:27:45 PM

Quote from: pixie85 on August 16, 2020, 03:02:53 PM

Private casinos can add any requirements they want but as it was said they will be reluctant to do so because more regulation means less clients. After all we all want to make money and avoid KYC.

Casinos want to add minimum requirements forced on them by the authorities so it's lika a game between a cat and a mouse.

End result is that, a gambler is the one who suffers between these two. Before taking these decisions, isn't it fair for the government to ask their citizens if they are comfortable doing what they are supposed to do? And if told about KYC upfront, why would a gambler agree on this?

You can really say that government does really want for it citizens to completely stop gambling and to think on giving out that very little limit on monthly basis which is really good for 1 day use
on most gamblers and also they do possibly able to ask out KYC upfront? As a citizen on such country then you would have no choice because no matter how hard you do oppose on that possible law to be implemented then theres no still option for you to play without the need of complying things up.There are ways but we know that it would be underground but if you can take the risk
then go ahead.

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Quote from: pixie85 on August 16, 2020, 03:02:53 PM

Private casinos can add any requirements they want but as it was said they will be reluctant to do so because more regulation means less clients. After all we all want to make money and avoid KYC.

Casinos want to add minimum requirements forced on them by the authorities so it's lika a game between a cat and a mouse.

End result is that, a gambler is the one who suffers between these two. Before taking these decisions, isn't it fair for the government to ask their citizens if they are comfortable doing what they are supposed to do? And if told about KYC upfront, why would a gambler agree on this?

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Quote from: 2double0 on August 16, 2020, 02:53:40 PM

Quote from: LbtalkL on August 16, 2020, 01:51:14 PM

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

If they are levying these limitations, what will stop them from adding a 'KYC mandatory' tag under the hood? They simply cannot steal a gambler's rights and the reason is - it is the gambler's money and they have the right to spend or throw away their money wherever they want to. Why are they robbing a gambler's rights this way?

Private casinos can add any requirements they want but as it was said they will be reluctant to do so because more regulation means less clients. After all we all want to make money and avoid KYC.

Casinos want to add minimum requirements forced on them by the authorities so it's lika a game between a cat and a mouse.

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Quote from: LbtalkL on August 16, 2020, 01:51:14 PM

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

All these restrictions are not possible to implement in online casinos. The only thing these rules does is that some people take them seriously and follow them. Even if 20% of the people follow it, there purpose is fulfilled.

2double0

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Quote from: LbtalkL on August 16, 2020, 01:51:14 PM

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

If they are levying these limitations, what will stop them from adding a 'KYC mandatory' tag under the hood? They simply cannot steal a gambler's rights and the reason is - it is the gambler's money and they have the right to spend or throw away their money wherever they want to. Why are they robbing a gambler's rights this way?

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Quote from: bitcoinisbest on August 16, 2020, 01:11:38 PM

Each country has their own rules and regulations and accordingly one must abide by it.

I agree with this. Gambling status in my country is illegal according to applicable law. However, the government also cannot completely eradicate hidden gambling site or venues. Some online gambling site have been blocked but we still have a way to enter.

So far, crypto gambling has really helped to increase our privacy and is much more fun because we dont deal with bank account. Although our activities can still be traced, at least crypto gambling has helped many gambler in term of hiding identity (anonymous).

OP, I dont know if the UK government will actually enforce that rule on cryptocurrency-based online gambling. It would be very unpleasant for most gambler if the government restricted and controlled the bet of all gambler. When gambler dont feel free when betting, I think there will be a lot of one-sided losses and that is the gambler.

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I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

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Each country has their own rules and regulations and accordingly one must abide by it. This law as only applicable for the UK citizens so rest of them continue the way it has being functioning but only ensuring that one does not overboard and gamble that in the end it become difficult to survive. The overall reason for government to intervene is that people are rationale to take decisions wisely.

Topic: Regulations in online Gambling sites - page 7. (Read 1328 times)