Topic: Should Online Casino Websites Require Risk Warnings, and Knowledge Assessment? (Read 616 times)

Implementing crypto trading regulations in online casinos could enhance player protection and responsibility.

The proposed measures, such as risk warnings, self-declared restricted gambler status, and knowledge assessments, can help ensure users understand the risks involved.

However, it's crucial to strike a balance between protection and over-regulation, which could potentially drive users to unregulated platforms.

What are your thoughts on the potential effectiveness and feasibility of implementing such regulations in online casinos?

You definitely overlooked the topic just because you saw the risk warning which is often offered by exchanges. This is a gambling topic btw.

Anyway casino usually have a responsible gaming terms and the general ToS which user agreed to read before they register on the casino. Casino is different on exchange since all casino games is risky since it’s gambling while Exchange on the other hand offer less risky trading option that’s why they have risk assessment while Casino doesn’t have.

Its very important actually in order to highlight what are the most important things to know in trading before jumping into it and how handle other things especially the risk for the new comers  .and i know some of the exchangs out their had a task such providing quizzes and etc. but i hope all of them do the same thing so that people change their perspective about trading .

Line with your thinking, gamblers certainly won't care about all that and they will immediately skip it to be able to directly enter game or bet that is favored, on the other hand it is also quite impossible for gambling sites to implement it because it only raises certain sentiments that might affect customer loyalty.
Gambling sites will definitely really consider many things when they are going to make change or development to some of the features that will be provided, this is clearly not something that will be liked.

Restricting or prohibiting yourself on playing gambling or dealing up with something is the hardest thing i should say, specially if you have been get used to it or on the time that you do become addicted with gambling. Speaking about online casino websites risks warnings then the do already have those responsible gambling links given on which you can be able to read it up on most platforms nowadays but it do turned out that gamblers wont really be caring about such manner because they will really be that focusing on what they are currently doing. We do know that these words arent that being popped out (hopefully) on the time that you do logged in and thats why its common been missed up to read but actually its really just that common sense that you should be that responsible on the moment that you do play gambling. Everything will really be basing up into the actions that you will be doing because gambling isnt really bad, the bad thing is into those people who do make out some steps on which these arent supposed to be done specially on spending tons of money with it or even putting up too much time. There's no need for some assessment or whatsoever because you are the ones who do make out such actions on which its just right that you do really know on how to set up your limits accordingly and dont go over with your limits.

If brokers are required to give people assessments to let them access certain products, why shouldn't gambling establishments?
 
It's a double standard to say the least.
If you were to ask most people gambling what the gambler's fallacy is, would they know?

It's very unlikely they gamblers know the fundamentals of chance, statistics and what luck based events even mean.
Some do of course, but gambling platforms make no effort in teaching anyone.
So I'd say it would be a good protective measure but still many people would do everything they can to avoid it.

Yeah, that word alone gives them the idea on what they're about to do. That won't stop the actual gamblers, beginners and not to keep on doing it. And that's another work for the casinos if they'll add those risks and warnings in a different setup when they have it already. Assessment that will come from them is like going to give their customers spare a lot of time. If a casino is concerned with this welfare, they'll be gone out of business just after several months of operating.

I agree that for players such warnings will be mostly useless, few will pay serious attention to them. After all, everyone knows that you can lose in a casino, and a lot. And this does not stop people from gambling. But for the casinos themselves such warnings can serve as a reason to say "we have done everything necessary, everything else is the full responsibility of the player." And if someone accuses the casinos of deceiving people, they can always refer to the fact that they warned clients about the risks.

That is very true. Most gamblers including me when I was mad at gambling I opted for restricting myself and thought to stay by it, after 24 hours when it ended I immediately started betting again which shows the impact of such measures is very low and most casinos are not that very much in favor of doing it. They are not in favor because if someone who opts to join 3 weeks to 1 month of self exclusion may find out that if he wants to get back after 2 weeks he can't and instead of contacting support he can opt to join another casino thus forgetting about the casino he did self exclusion. This is risky for casino business which can lose many customers if they are very pro that self exclusion which can cost them as I said. That is why I also believe that these type of measures no matter how good they are implemented will have a very low impact on most gamblers.

That's reality dude. It would only be a waste of time for online casinos knowing gamblers if they want to educate theirselves, they will find way on their own before they take risk in gambling. While other gamblers are just lazy to learn as they'll eventually learn their lesson after their consistent losses from gambling. Knowledge assessment is good, but it just don't work for all gamblers.

I agree with you that the impact of the idea I think is very low, gamblers can still follow through everything with maybe or even if there are some questions that hinder them I don't think it's a big deal, they can still answer the questions quite correctly like gambling should be done with a small amount of money, should not involve emotions, and also should not apply greed, and then after they have managed to overcome some of those obstacles, isn't it still possible for them to gamble blindly? of course, even if for example the casino limits the amount of deposits but it is still very possible for a gambler to do it several times, rules are there to be broken, lol.

For me it's useless.

People would choose to skip, skip and skip the guide/tutorial, if there's assessment if they get asked to answer the right question, some people will create a post contains the answer of each question.

Having any warning, tutorial, guide or assessment are good, but the impact is very low.

Even the definition of the name alone, "gambling" Totally describes what a new visitor is venturing into. For example, when you heard casino, what comes to mind is that it's a place where you can try luck and face the reality of either losing or Winning. So, there's no reason for extra laws like that, although it might not mean anything to add those rules but I don't just think it's worth it.

I doubt that users will read risk warnings like they're not reading the term of use. People are excited to play gambling and continue to spend their money without reading any single terms, without learning the risks and managing the losses. On the other side, gambling platforms won't do efforts like this because they want money, they're made for the money (it's a business after all). Do you think gamblers, will be more concern to their users? Of course, they will prioritize the profit because this is gambling, money is the only concern for some platforms and will not think twice to consider their users. Only providing some good bonuses that serves as a bait only.

The warnings will just be like 'if you don't risk money you can't win money' gamblers won't take warnings very seriously even the casinos says that they can lose money in gambling so it won't change anything.

There are many warnings online about gamblers and addiction, even addiction videos, since this is like 5 and 6 relationship, it always happens sooner or later, yet many online casinos keep showing up, it is not about the addiction alone, the thrill of becoming a gambler is always there so many will keep gambling.

As for the scared beginners, a warning can make them change their mind, but normally they should have known better because gambling is not guaranteed that you will win.

As I've said in your trading discussion thread, I'll repeat again that such quizzes can easily be bypassed. The quiz will be the same for everyone and someone will publish quizzes with answers on their own blog and it will easily be searchable via Google.
By the way, I think that something should be done to increase awareness about the potential pros and cons. Many people have no idea what is RTP or house edge and that's a huge issue to my mind, they think that casino is a scam when they lose while the reality is that casino takes some commission and gives away some part of it to customers back, that's why we have RTPs on slots.
I'd only agree with mandatory quizzes if it is mandatory for every casino because if it's not mandatory for some, then these casinos will have a good advantage over others because people find quizzes very uncomfortable and might hesitate to register on a casino that asks you to bypass quiz, which can be very bad for the business and unfair. Btw I will always appreciate casino's attempt to explain things to their customers.

How many really do care?
All they do is tick the Box with answers that the platform would want and click on agree.
As for the last question
Is not necessary and wouldn't be profitable much for the casino.
If you loss they earn.
So I see no reason why they should such rule on their platform.

I think the rules are good to be implemented on gambling instead of trading or having cryptocurrency in general.

If people only bet 10% of their total money, we can expect people who fall in addiction will be less likely to happen. Even if there are people who can risk more in gambling, my question is, do you really happy to lost a lot of your hard earned money?

So I don't find there's a point to allow more than 10% except they gambling for money.

        -      Of course, gambling is what we are going to do, so we ourselves should be prepared for the risk that we will face here, unless your goal as a gambler or player in a casino here in the crypto space is just for fun. But the majority of them gamble with knowing that they already expect that there is indeed a risk.

In short, gamblers are aware of the risk that they can face when they enter any casino here in the crypto business that we are actually doing. Many people gamble even though they
know that most of them actually lose at gambling.

In my view, although gambling risk warnings are important I think the user's own judgment and knowledge of gambling risk management knows that, at the moment there are no online gambling sites that have made their main page with warnings like that and most likely they don't want to do it, because they know their goal is to attract visitors just to bet and have fun, regardless of the risks that occur on the field.

Gambling is different from trading in the crypto market, even though both sites prioritize money, gambling uses money to play, where everyone knows that the game has winners and losers, that is the initial concept, while in crypto trading the nature of what happens is buying, where before buying and before trading you have to be careful in choosing assets because they go up and down, that's why you need to have a risk warning.

While gambling is a game, it is not a matter of buying assets, you are free to choose the games available on the online gambling website, where each game has its own assessment and knowledge from the user, So the risk warning is up to them whether they want to gamble or not, every user has an assessment in that game, I think so.