Topic: Regulations in online Gambling sites - page 8. (Read 1328 times)
Nobody (not even governments) should have the right to intervene into everything a person does, else some day they will ask for proof of breathing that you are alive or not. I get to understand that this is needed to stop gamblers pay the price of losing what they cannot afford to lose and make them better gamblers, but this will also make casinos lose some customer base as every single gambler will not co-operate in this and may stop gambling or take some alternative steps to gamble anonymously.
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.
It's true, addictive gambling can leave serious consequences. There are many attempts to prevent and control addiction but we have to be honest and admit that we can only help victims if they want to. First they need to recgonize and admit they have a problem that is why I think that education and prevention are the most important elements in the whoke process
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.
Any kind site that would require you to prove you can lose a certain amount of money would eventually have direct or indirect indication of your finances. If such a site ever got hacked then your credentials would be leaked. Typically that might not be a problem but in this case, your financial strength could be used to attack you in the future.
The policy that they are talking about, in that other thread, was proposed by a foundation called Social Market Foundation, they themselves have a shady history when it comes to who funds them. It's just a shitty policy by a hypocritical foundation if you ask me.
I don't think we'll see any major crackdown on crypto casinos, since they don't want the tax deductions people would need to get if they lose money.
The policy that they are talking about, in that other thread, was proposed by a foundation called Social Market Foundation, they themselves have a shady history when it comes to who funds them. It's just a shitty policy by a hypocritical foundation if you ask me.
I don't think we'll see any major crackdown on crypto casinos, since they don't want the tax deductions people would need to get if they lose money.
Such concept of limiting the amount of expenses being spent on online gambling will surely not agreeable to the gamblers out there for they will surely be feeling that they are being controlled on the way they were supposedly enjoying which is playing gambling. Although the idea was clear to lessen the gambling addiction and too much expenditure on playing gambling, still gamblers will surely not agree on this for they will feel more pressure that they must limit their bets to be able to make their gameplay last longer.
Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
Well I agree not all gamblers will settle for less. I know that the government also will not go after in online gambling casino for they are busy doing their stuff(corruption). Besides they only react on to something if there are numerous complains against that online gambling platform. For now the regulations does not really affect on online gambling and it only will depending on the country that are strict when it comes to gambling as it is not their traditions and culture. Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
We shouldn't need to overreact to this because as far as I know, these regulations are for those gamblers within UK. For the other gamblers online not within UK, then we doesn't need to abide those regulations unless our country decided to do the same. It is fine for me if it is the cap since I don't gamble that much money.
also as far as i know it is not yet implemented, they are just drafting the proposals and recommendations. if there are a lot of people against it, they may do some adjustments on this proposal. so right now, players from that region can still enjoy the no cap limit. and it is for their own sake anyway, if they have the money to waste, why not?
Such concept of limiting the amount of expenses being spent on online gambling will surely not agreeable to the gamblers out there for they will surely be feeling that they are being controlled on the way they were supposedly enjoying which is playing gambling. Although the idea was clear to lessen the gambling addiction and too much expenditure on playing gambling, still gamblers will surely not agree on this for they will feel more pressure that they must limit their bets to be able to make their gameplay last longer.
Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
Well I agree not all gamblers will settle for less. I know that the government also will not go after in online gambling casino for they are busy doing their stuff(corruption). Besides they only react on to something if there are numerous complains against that online gambling platform. For now the regulations does not really affect on online gambling and it only will depending on the country that are strict when it comes to gambling as it is not their traditions and culture. Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
We shouldn't need to overreact to this because as far as I know, these regulations are for those gamblers within UK. For the other gamblers online not within UK, then we doesn't need to abide those regulations unless our country decided to do the same. It is fine for me if it is the cap since I don't gamble that much money.
Such concept of limiting the amount of expenses being spent on online gambling will surely not agreeable to the gamblers out there for they will surely be feeling that they are being controlled on the way they were supposedly enjoying which is playing gambling. Although the idea was clear to lessen the gambling addiction and too much expenditure on playing gambling, still gamblers will surely not agree on this for they will feel more pressure that they must limit their bets to be able to make their gameplay last longer.
Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
Well I agree not all gamblers will settle for less. I know that the government also will not go after in online gambling casino for they are busy doing their stuff(corruption). Besides they only react on to something if there are numerous complains against that online gambling platform. For now the regulations does not really affect on online gambling and it only will depending on the country that are strict when it comes to gambling as it is not their traditions and culture. Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
Such concept of limiting the amount of expenses being spent on online gambling will surely not agreeable to the gamblers out there for they will surely be feeling that they are being controlled on the way they were supposedly enjoying which is playing gambling. Although the idea was clear to lessen the gambling addiction and too much expenditure on playing gambling, still gamblers will surely not agree on this for they will feel more pressure that they must limit their bets to be able to make their gameplay last longer.
Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.
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
-snip-
I am not sure why others are saying this is going to be a good thing, but to me this law is totally stupid and absurd. Lol, seriously? One has to prove that they are financially capable of gambling? That is hilarious! 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
-snip-
Lol the government trying to control the financial aspects of a grown up adult. I mean the person is an adult and he knows what he should do and what he shouldn't. The government shouldn't be taking care of them like a baby.
implementing it makes you smell good to the public especially to the people that dislikes the idea of gambling and for those parents who dont like the gambling addiction of thier kids .
having a casino regulated is also a plus point to you because you can tax them but why only britain ? not familiar of this country and i didnt saw them being involved heavily on gambling but there are more countries that needs a help like this .
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
-snip-
I am not sure why others are saying this is going to be a good thing, but to me this law is totally stupid and absurd. Lol, seriously? One has to prove that they are financially capable of gambling? That is hilarious! 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
-snip-
Lol the government trying to control the financial aspects of a grown up adult. I mean the person is an adult and he knows what he should do and what he shouldn't. The government shouldn't be taking care of them like a baby.
honestly I see many obstacles in this matter of regulating online casinos.
1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
I don't think it's hard to do it, as long as the casino is given a license to operate, they are under the regulation of the government, and they can ask the casino to give them a pass to check their system if they complied, it's easy, they'll only check the amount of bets as what we are talking here is only the limits, with the advance technology now, this is not hard to do.
2 - in case of disputes between the client and the casino, how will governments manage to resolve if cryptocurrencies are not regulated?
Like I mentioned above, this is only for regulated casinos which is under their jurisdiction, they have no access nor control of the crypto casinos when not regulated.
That point is very much valid, it's easier to track online transactions of a crypto casinos as there is a blockchain which we called a public ledger, and regulators can just follow the wallet the casinos are using as they'll have to register that wallet and it's easy as doing bank reconciliation in accounting.
The only thing that bothers me is, what if these gamblers will gamble on a non regulated casinos? how would the government implement the law?
We know it's not impossible as most crypto casinos online does not require KYC.
honestly I see many obstacles in this matter of regulating online casinos.
1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
I don't think it's hard to do it, as long as the casino is given a license to operate, they are under the regulation of the government, and they can ask the casino to give them a pass to check their system if they complied, it's easy, they'll only check the amount of bets as what we are talking here is only the limits, with the advance technology now, this is not hard to do.
2 - in case of disputes between the client and the casino, how will governments manage to resolve if cryptocurrencies are not regulated?
Like I mentioned above, this is only for regulated casinos which is under their jurisdiction, they have no access nor control of the crypto casinos when not regulated.
honestly I see many obstacles in this matter of regulating online casinos.
1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
I don't think it's hard to do it, as long as the casino is given a license to operate, they are under the regulation of the government, and they can ask the casino to give them a pass to check their system if they complied, it's easy, they'll only check the amount of bets as what we are talking here is only the limits, with the advance technology now, this is not hard to do.
2 - in case of disputes between the client and the casino, how will governments manage to resolve if cryptocurrencies are not regulated?
Like I mentioned above, this is only for regulated casinos which is under their jurisdiction, they have no access nor control of the crypto casinos when not regulated.
I dont understand why governments want to regulate casino's and gambling site by limiting betting especially when the economy is in critical situation due to businesses closing. In fact i dont understand, why governments still insist on this law when they are trying to revitalized the economy. This is a good move to help people but it's also bad in macroeconomics.
It's because online gambling is becoming more popular now and there's only a few solutions available to stop gambling addiction. While it's bad for the country it could improve the people's quality of life as they're forced to spend it somewhere else. You're right a lot of business are struggling but the proposal is focused in online casinos which is still going strong regardless of the pandemic.This would be good if it's an optional solution like the self exclusion instead of forcing it on everyone imo.
It seems as if this regulation is pushing gamblers towards traditional casinos and gambling houses. First off, the soft cap limit mentioned is too low for someone to enjoy FOR A MONTH. That isn’t socially-acceptable, that’s kinda restricting people to spend on things they earned. Second, why do people need to verify/confirm that they are financially-capable of spending money to gamble? This isn’t some sort of investment scheme where a ‘show money’ should be imposed. Just let people deposit money and lose it on whatever things they enjoy. This isn’t regulation at all—this is outright controlling people’s financial decision masked by a fake concern.
This is what im thinking too on where its concerns is fake and just really trying to control people on how they should spend up.Its just really too small for someone to spend up on an entire month yet it can even be spent out on an entire day on playing which would already consumed out on your limit for the entire month which is absurd.It wont really be that controversial if they had just ban nor prohibit it rather than giving out small limits on where it would really be just as good as none. It's interesting to watch, how opinions divided: some people butthurt about that fact, some people tell that government will not be able to do that. And noone (except me earlier) trying to think about legitimacy of such action. Casino is robbery in law, meaning, that you're going there and know (if you're not too stupid) that you will lost your money. And casino knows it pretty well. So here is a question: Why government should allow casino to steal big amounts? If people want to be robbed, maybe this will be better to decrease amount of funds that they will lost?
Especially in online casino, where you never know how fair it is.
Especially in online casino, where you never know how fair it is.
gambler's choice whether he wants to lose big amount or not. anyway, that regulation is there but i dont think many gamblers will follow once it is implemented. tbh, there are so many ways how to break that rule. so i guess, gamblers should not be too worried about it. what they should worry is, do they have that extra money to spare in gambling or are they using the money supposedly for his family's needs?
It seems as if this regulation is pushing gamblers towards traditional casinos and gambling houses. First off, the soft cap limit mentioned is too low for someone to enjoy FOR A MONTH. That isn’t socially-acceptable, that’s kinda restricting people to spend on things they earned. Second, why do people need to verify/confirm that they are financially-capable of spending money to gamble? This isn’t some sort of investment scheme where a ‘show money’ should be imposed. Just let people deposit money and lose it on whatever things they enjoy. This isn’t regulation at all—this is outright controlling people’s financial decision masked by a fake concern.
I am not sure why others are saying this is going to be a good thing, but to me this law is totally stupid and absurd. Lol, seriously? One has to prove that they are financially capable of gambling? That is hilarious!
Lol the government trying to control the financial aspects of a grown up adult. I mean the person is an adult and he knows what he should do and what he shouldn't. The government shouldn't be taking care of them like a baby.
Government does show up some concern into its citizens but they should at least rising up a considerable limit not just on £100.Yeah its stupid but i doubt that this one would be fully Lol the government trying to control the financial aspects of a grown up adult. I mean the person is an adult and he knows what he should do and what he shouldn't. The government shouldn't be taking care of them like a baby.
or surely be followed nor implemented.If not then expect that there would be other ways on how gambling businesses will still able to get those high rollers.
There would be some petition of this rule or law in gambling business about raising up the limit.Surely this affects the business and knowing that gambling business does
generate big taxes unless if they dont care about.
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
-snip-
I am not sure why others are saying this is going to be a good thing, but to me this law is totally stupid and absurd. Lol, seriously? One has to prove that they are financially capable of gambling? That is hilarious! 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
-snip-
Lol the government trying to control the financial aspects of a grown up adult. I mean the person is an adult and he knows what he should do and what he shouldn't. The government shouldn't be taking care of them like a baby.
honestly I see many obstacles in this matter of regulating online casinos.
1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
Casinos will have to submit any documented papers that happens in a certain period of time so the government will know what's going inside and outside of the casino such as transactions and player's data (at least the IP in case of any suspicion) Buy this the government can easily track and monitor the casino. In short casinos will be the one who will report to the government. 1 - How will governments carry out periodic inspections at online casinos if these online casinos have no physical headquarters?
2 - in case of disputes between the client and the casino, how will governments manage to resolve if cryptocurrencies are not regulated?
Well that will be a two party arrangement and will definitely based on the terms that the client have agreed to. Besides we have an existing law about scam and fraud so that's a win for every one. Jump to: