This is the second part of the thread I previously created on the trading board, and I see some similarities that suggest it can be adapted to gambling, so I’m sharing it here. Do you think crypto trading regulations, similar to what Coinbase UK reportedly requires before allowing users to trade, should be adopted by online casinos? For instance before placing a bet users could be required to pass a knowledge assessment that includes questions such as:
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. - Users must acknowledge prominent risk warnings stating they could lose all their money
- Gamblers must declare themselves as "restricted gamblers" and confirm they won't invest more than 10% of their net assets in high-risk bets, requiring them to specify actual percentages of past and intended future bets.
- A mandatory knowledge assessment quiz that users must pass to start betting, with questions covering topics like betting, betting hours, bet risks, and regulatory requirements.
