Topic: Should there be any age limit of Gambling? - page 6. (Read 1362 times)

Countries that can go as five? I don't think that they are countries but only a country. And that country is Malawi from Southern Africa. They are the only country that allows five years old to gamble which made it legal for those kids to start at a young age. Correct me with that narrative or did I missed some countries that allow it legally. Talking about legality, it is the only country that I've seen but we know it that kids can gamble even at a young age but without the patronage of their parents and wouldn't care if they break the law.

The younger the person, the more easily he becomes addicted.

Therefore, you are right, the casino focuses on addicted people, which means the lower the age limit, the higher the potential profit.
But this is not ethical. In the world there should be values other than material ones. I am sure that it is more important for players to feel like members of a team with a casino than cash cows.

It varies from country to country there are countries where children as young as five years old can gamble already but in my case the preferable year to gamble is 21, by then you already knows about life how to make a living and you will become a responsible gambler, if you are going to gamble earlier you might loss your head because of lack of guidance and experience.

If a casino have lower age to gamble then they are going to have more players which means more profits for them but for a physical casino the age is strictly monitored whereas while playing online then it should be their own responsibility as you said and its not possible for the online gambling sites to monitor the age.Implementing KYC might helps a bit but they are going to lose more players for security concerns so all the responseblity goes to the minors if they choose to gamble by defeating the legal age restrictions.

When we do talk about online casinos specially on cryptocurrency ones then KYC wont really be on the line and there are already lots of scenarios that some minors had busted out on playing to these places.

Its understandable because of the easy access via online without any further verification in towards on someones age.When we do mention about fiat then some do make use of their parents cards for them to play
on which there are also instances like these.The only thing or place can restrict minors are to those physical ones but overall parents should really guide well and watch out their sons on what theyve
been doing.

But if I had to legislate an age I would say 23 years old man and 18 years old women. There is a scientific study that determined that men make better decisions after 23 years, they are even more responsible

If a casino have lower age to gamble then they are going to have more players which means more profits for them but for a physical casino the age is strictly monitored whereas while playing online then it should be their own responsibility as you said and its not possible for the online gambling sites to monitor the age.Implementing KYC might helps a bit but they are going to lose more players for security concerns so all the responseblity goes to the minors if they choose to gamble by defeating the legal age restrictions.

Since we were kids we used to make bets , as for me even a small Race or a big project meant a bet between friends, then as I grew up, I realized that it's more of a Sports .

At the same time unfortunately the country I belong to does have a strong ban on Gambling , STILL , I see old Grandpas , Dad's , uncle's playing Poker outside with an amazing set-up.

Crypto Gambling is a whole new level , there are so many games , it have revolutionised the gambling industry in a whole different way , This provides Privacy and Variation that is much needed.

It's much safer and at the same time I do think there are amazing offers out there even for first time customers and the referrals , this is the new era.

There is one important question we have to ask:

What age does categorize a person to be mature enough to Gamble ?

-18?
-21?

Does the age even hold a meaning? Should it be regulated ? Since Crypto gambling sites have to be super private and therefore regulating the age is a big factor.

Should steps be taken to take care that we don't being up a generation of addictive gamblers or it's all good ?

[Something fun I want to share: My Private Tutor who was supposed to teach me and 10 other kids , used to have a small illegal business of Gambling on Sports and every Match was betting time , parents apparently did not know anything about it 😂]

Insurers "some" do these studies to deliver premium offers to insure vehicles, someone with less than 23 years could pay a higher premium than someone 23 or older. By this I simply want to tell you that I am not aware of any study made by any betting company that says that 18 or 21 years is an appropriate age, except that they are well received by them, because it is a matter of government law.

In some point in my life, I see some people who had been addicted to gambling even though they're not the one who is earning money for them. in short, the money they used for playing is the same money their parent gave them to buy their needs in school. My friend got addicted in a very unpleasant manner where he used his tuition fees to play for gambling when he was in high school. some friends also lose their money to gambling that supposed to be paid for some P.E shirts. I don't really want this kind of experience to happen to some kids out there. they need to use their money for the things they really need, not to play just to lose it all.

^ That article you have shared was right, age above 21 are quite enough to balance the situation if it will become a gambler. At that age was already know what is right or wrong. But beyond than that just like 16 years old below is definitely will ruin their future if they will enter gambling and probably cannot manage it very well. However, on that age , they should focus on their study and top of their priority are about learning stuff where they will able to educate themselves.

What age does categorize a person to be mature enough to Gamble ?

-18?
-21?

Does the age even hold a meaning? Should it be regulated ? Since Crypto gambling sites have to be super private and therefore regulating the age is a big factor.

Should steps be taken to take care that we don't being up a generation of addictive gamblers or it's all good ?

[Something fun I want to share: My Private Tutor who was supposed to teach me and 10 other kids , used to have a small illegal business of Gambling on Sports and every Match was betting time , parents apparently did not know anything about it 😂]

Not only that, when you are still a kid, you don't make a matured decision making, and in gambling, it's your mind that should be followed all the time, not your emotion as if you got carried away, that might become your weakness and it's a good recipe for disaster in gambling.

And how can they possibly do that? Most gambling sites do not perform kyc verification nor investigation regarding the age of their users. Even if they have terms and conditions, this can be easily ignored. And, if ever that they have found a minor, which I don't think that will gonna happen (unless they have kyc), user can easily create a new account to play again.

It varies from country to country there are countries where children as young as five years old can gamble already but in my case the preferable year to gamble is 21,

by then you already knows about life how to make a living and you will become a responsible gambler, if you are going to gamble earlier you might loss your head because of lack of guidance and experience.

Well it does, as we know it's high risk and high reward in gambling. You lose more than you win, so kids in my opinion should stay away from it until they know how to manage their money financially. Gambling is not wrong but with excessive betting, it could destroy someone's life.