What will be the next big industry move? - page 40.

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Quote from: timerland on January 07, 2022, 04:27:46 AM

Quote from: Darker45 on December 30, 2021, 09:02:59 PM

Quote from: timerland on December 30, 2021, 12:52:36 AM

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

That makes absolutely no sense.

If you are paying by a bitcoin visa/mastercard then gaming with these funds will already be in fiat and a middleman is simply handling the conversion process for you.

That has zero novelty when it comes to innovation because it can already be done everywhere.

The real innovation will be brick and mortar providers moving online and partnering with online casinos.

That may make no sense to you but that's what's happening right now. We can actually spend our crypto even in shopping centers that do not accept crypto. It is made possible by all these payment providers. So that could also be possible in casinos whether they are online or brick and mortar.

So probably in the near future Bitcoin bets could also be accepted but will go through third party payment providers for Bitcoin to fiat and vice versa conversions.

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Quote from: iv4n on January 07, 2022, 12:07:21 PM

Quote from: Lucasgabd on January 07, 2022, 09:48:16 AM

I think we'll keep seeing the growth of the gambling industry specially online with the general growth of internet use

lotteries will probably keep going as a trend as well, on the last day of 2021 we had the biggest earnings by a lottery in Brazil, 1.2 billion reais (around 210,417,600 USD) earned with a 350 million reais distributed as a prize (around 61,371,800 USD)
quite impressive!

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

It's probable you are correct on your prediction, because PvP games open the possibility of excluding the third parties from the competition, what means players don't have to pay taxes or fees to the platforms anymore.

On the other hand, PvP games even inside centralized casinos are still funny for many gamblers, because they can be played between friends and between competitive players who have the desire to overcome all their adversaries to reach top rankings. The excitement is much more intensive than when playing against a machine.

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Quote from: timerland on January 07, 2022, 04:27:46 AM

Quote from: Darker45 on December 30, 2021, 09:02:59 PM

Quote from: timerland on December 30, 2021, 12:52:36 AM

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

That makes absolutely no sense.
If you are paying by a bitcoin visa/mastercard then gaming with these funds will already be in fiat and a middleman is simply handling the conversion process for you.
That has zero novelty when it comes to innovation because it can already be done everywhere.
The real innovation will be brick and mortar providers moving online and partnering with online casinos.

If I follow your logic, then you are still playing with FIAT even if you don't use any credit card companies in the process because the players mostly care about the dollar value of their winnings.

There are lots of people that buy bitcoin funds (like GBTC) on a stock exchange. Do you think these guys should buy the real thing? Why would they? The same price action that happens at spot also happens there.

iv4n

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Quote from: Lucasgabd on January 07, 2022, 09:48:16 AM

I think we'll keep seeing the growth of the gambling industry specially online with the general growth of internet use

lotteries will probably keep going as a trend as well, on the last day of 2021 we had the biggest earnings by a lottery in Brazil, 1.2 billion reais (around 210,417,600 USD) earned with a 350 million reais distributed as a prize (around 61,371,800 USD)
quite impressive!

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

Lucasgabd

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There's no need to be upset

I think we'll keep seeing the growth of the gambling industry specially online with the general growth of internet use

lotteries will probably keep going as a trend as well, on the last day of 2021 we had the biggest earnings by a lottery in Brazil, 1.2 billion reais (around 210,417,600 USD) earned with a 350 million reais distributed as a prize (around 61,371,800 USD)
quite impressive!

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Quote from: goldkingcoiner on January 07, 2022, 08:29:20 AM

Quote from: Darker45 on December 30, 2021, 09:02:59 PM

Quote from: timerland on December 30, 2021, 12:52:36 AM

Quote from: Darker45 on December 29, 2021, 10:40:50 PM

I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

Seems like a bunch of mental gymnastics and completely unnecessary. Also it ruins the entire point of crypto and Bitcoin, which is to make sure that no third party is ever needed or required. So from my point of view, you seem to be backtracking a bit...

Fiat itself is in the process of being phased out. The future won't have fiat and thats a good thing! No need to drag back old concepts and broken money systems into the new money system...

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.

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Quote from: Darker45 on December 30, 2021, 09:02:59 PM

Quote from: timerland on December 30, 2021, 12:52:36 AM

Quote from: Darker45 on December 29, 2021, 10:40:50 PM

I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

Seems like a bunch of mental gymnastics and completely unnecessary. Also it ruins the entire point of crypto and Bitcoin, which is to make sure that no third party is ever needed or required. So from my point of view, you seem to be backtracking a bit...

Fiat itself is in the process of being phased out. The future won't have fiat and thats a good thing! No need to drag back old concepts and broken money systems into the new money system...

timerland

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Quote from: Darker45 on December 30, 2021, 09:02:59 PM

Quote from: timerland on December 30, 2021, 12:52:36 AM

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

That makes absolutely no sense.

If you are paying by a bitcoin visa/mastercard then gaming with these funds will already be in fiat and a middleman is simply handling the conversion process for you.

That has zero novelty when it comes to innovation because it can already be done everywhere.

The real innovation will be brick and mortar providers moving online and partnering with online casinos.

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Quote from: ipanks on January 05, 2022, 04:51:05 AM

At least, Metaverse can offer a new experience using VR equipment that some gamers already use to play many games. The cost will adjust from time to time and with the newest technology, everything will be updated following the current situation. The gambling industry will change when VR equipment can be applied, which may also change the interface of the gambling industry. The smart contract will solve the problem of the fee of the transaction and with so many options now, people can choose what they want to pay for the services.

The MetaUniverse theme made a big splash last year. But not only. Another sector of the cryptoindustry such as NFT began to develop very actively. I think that the NFT theme will also affect the overall development of online casinos. Variants with prize money and expensive or unique NFTs, betting options and so on will be invented. The gambling industry cannot ignore such a major topic of cryptocurrency market development.

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Quote from: xSkylarx on January 05, 2022, 02:11:23 PM

Quote from: Wexnident on January 05, 2022, 06:08:10 AM

Quote from: ipanks on January 05, 2022, 04:51:05 AM

At least, Metaverse can offer a new experience using VR equipment that some gamers already use to play many games. The cost will adjust from time to time and with the newest technology, everything will be updated following the current situation. The gambling industry will change when VR equipment can be applied, which may also change the interface of the gambling industry. The smart contract will solve the problem of the fee of the transaction and with so many options now, people can choose what they want to pay for the services.

It's not really new per se, it's just an old experience at the comforts of your home via the use of new tech. Honestly, any industry would have the chance to change if VR was implemented, after all, if they were able to merge the implementation of VR tech and make improvements with user experience via that, then user experience with VR would tremendously improve, probably defeating what real-world casinos could bring out (temporarily that is, till tech could do it in the real world as well).

VR is also a great innovation in the gambling industry. Assume you're in a casino using virtual reality and you've discovered other players online. This is a fantastic idea because people prefer not to go to casinos and prefer to play online. I believe the user experience is the best on this because it is not the same as traditional online gambling. Well, I'm very excited about this.

Online casino Boomed more because of Pandemic , people tend to gamble daily has no choice but to play thru online and now they love paying it.
But we do not know what will change once the Corona Virus totally died if the Reality gamblers will return in their seats inside casino houses, or will remain in their Houses and plays using crypto.
But yes VR is a innovation of gambling business strategy and we knew that gamblers always tend to find new experience so indeed this VR gaming will soon boom .

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Quote from: KTChampions on January 05, 2022, 10:56:07 AM

Maybe some of the gamblers really want to play, but at the same time feel the feeling of being in a real casino, in my opinion this will be an insignificant part, but I could be wrong. It seems to me that if technology allows, then such opportunities - the transfer of sensations over a distance, people will use mainly for other purposes - massage parlors, etc.

In that regards, I think that if this will surfaced, it is impending to happen that such innovation will also take place and be integrated to other aspects or industry. As per the gambling industry, it could be the next thing that could somehow bring back even just bits of what was lost in the traditional gaming experience when everything has shifted because of the crisis.

It could happen in the future because we know that the technology now is trying to evolve to fill what we need and scientists are still working to make it happen.
Those new technologies will be on many things in our life and whether we like them or not, those technologies will work beside our life without we can do anything, especially if we want to take part in the new era.
But I am not sure if the traditional gaming or gambling experience will be gone after those technologies are implemented in our life because some people will still want to have the real experience touching on the things on the table.

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Quote from: coin-investor on January 01, 2022, 04:49:38 PM

Quote from: madnessteat on December 29, 2021, 08:47:18 AM

I think with the further development of blockchain technology and meta universes we will see more and more online casinos where AR/VR can be used and all bets in the game will be fully verifiable with smart contracts and Oracles. The idea is that this should attract even more people to gambling.

The gambling industry is getting better every year, the introduction of Cryptocurrency in gambling makes things easy for online to be even more popular, and with the new innovation now like the virtual casino and metaverse it will take online gambling to a new height I expect many more casinos opening, launching an announcement here because the gambling industry is a multi-billion dollar industry,

There are many expectations regarding the metaverse, not only for games, it will be a world trend where many are already getting it into their heads that a new era will begin, some already want to make their own world where they are free in their own metaverse, I think These new technologies can be fully exploited by blockchain and everything that has to do with the gambling system, however, care must be taken, because there are games that have mostly turned out to be big scams.
There are countless projects that have become scams, it cannot be counted, every day through different networks more fraudulent projects can be seen, however I believe that by 2022 everything will improve and they will be able to control the internal economy that is generated.

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Quote from: Silberman on January 06, 2022, 04:42:42 PM

Quote from: KTChampions on January 06, 2022, 09:57:01 AM

Quote from: magneto on January 06, 2022, 01:07:38 AM

100% need consolidation with the rules.

I think that the regulations around gambling are way too tight right now which is leading to more harm than good given that a lot of operators just go underground instead of comply with the legislation.

If there was actually an easy, cost effective way to comply with laws, then I'm sure that most businesses will be more than happy to get accreditation with the authorities.

Judging by the fact that the processes of globalization are taking place (if I am not mistaken, the global corporate tax of 15% has already been ratified by many countries) it will be more and more difficult to hide from the regulators. I hope that this will give an impetus to further decentralization and there will be many businesses (including gambling) that will avoid the influence of regulators.

You have a point, the regulation of all markets and industries is reaching levels that are absurd, tax harmonization may seem like a good idea but at the end the only ones that are benefited by it are the rich countries, after all if a less developed country cannot offer cheaper taxes then what can they offer? A cheaper workforce at best, and many times this is not going to be enough to bring foreign investment, so I hope the gambling industry can find a way around the excessive regulation that we are seeing all over the world.

Government would at least make out some considerations because they wont really be setting out unrealistic taxes if they do saw that their country isnt really that developed or rich ones.

Changes will vary depending on what conditions that they would be seeing of but of course expect that there would be sudden changes because we cant just be stuck on what we do have today.

Development is increasing and recognition and usage is there which it is understandable that there would be something like this.

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Quote from: KTChampions on January 06, 2022, 09:57:01 AM

Quote from: magneto on January 06, 2022, 01:07:38 AM

100% need consolidation with the rules.

I think that the regulations around gambling are way too tight right now which is leading to more harm than good given that a lot of operators just go underground instead of comply with the legislation.

If there was actually an easy, cost effective way to comply with laws, then I'm sure that most businesses will be more than happy to get accreditation with the authorities.

Judging by the fact that the processes of globalization are taking place (if I am not mistaken, the global corporate tax of 15% has already been ratified by many countries) it will be more and more difficult to hide from the regulators. I hope that this will give an impetus to further decentralization and there will be many businesses (including gambling) that will avoid the influence of regulators.

You have a point, the regulation of all markets and industries is reaching levels that are absurd, tax harmonization may seem like a good idea but at the end the only ones that are benefited by it are the rich countries, after all if a less developed country cannot offer cheaper taxes then what can they offer? A cheaper workforce at best, and many times this is not going to be enough to bring foreign investment, so I hope the gambling industry can find a way around the excessive regulation that we are seeing all over the world.

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Quote from: magneto on January 06, 2022, 01:07:38 AM

100% need consolidation with the rules.

I think that the regulations around gambling are way too tight right now which is leading to more harm than good given that a lot of operators just go underground instead of comply with the legislation.

If there was actually an easy, cost effective way to comply with laws, then I'm sure that most businesses will be more than happy to get accreditation with the authorities.

Judging by the fact that the processes of globalization are taking place (if I am not mistaken, the global corporate tax of 15% has already been ratified by many countries) it will be more and more difficult to hide from the regulators. I hope that this will give an impetus to further decentralization and there will be many businesses (including gambling) that will avoid the influence of regulators.

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Quote from: Gozie51 on January 06, 2022, 05:49:26 AM

Quote from: magneto on January 06, 2022, 01:07:38 AM

I think that the regulations around gambling are way too tight right now which is leading to more harm than good given that a lot of operators just go underground instead of comply with the legislation.

I don't know how the regulation of gambling is going to lead to more harm than good. I think it is a two way thing and it will benefit the gamblers more. It is going to ensure to players that they are guarantee of winnings, scam would be exposed and punished. But owners may be the one not very comfortable with tight gambling role. A tight role will benefit both owners and players.

I'm also questioning what harms are those. Is it operating underground more harmful to the users?
Because gambling operators could just runaway anytime and users/client can't do anything about it couldn't even report to the authorities as they have no hold for these kind of illegal activities which the users are totally aware of as well.
Though regulations is choking both the user and operators, but I believe it still provides a bit more good than harm.

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Quote from: Ryker1 on January 05, 2022, 06:45:50 PM

Quote from: AmoreJaz on January 05, 2022, 05:05:10 PM

^[snip]
because let's admit that not all gamblers can afford this gadget.

Well this is a big problem for the gamblers --not everyone can provide gadgets or this gaggle VR.
Virtual reality has been there but in different eCommerce and now it was entering the gambling industry which is good to try. We hope that the gadget is affordable to all because this VR game is pretty good especially we are still now at a high risk to be infected with the virus. This could be a solution for everyone feel that in the same room while playing poker and talking to each other.

Some VR's are still affordable by many but if we like the best one, we expect a higher price. But I think the price is still reasonable, not that really expensive.
https://www.cnet.com/tech/gaming/best-vr-headsets/

Look, it was really worth trying when we feel of not going outside from our house. And this sort of gambling development will surely gain some attraction to the community especially for the youngsters and young adults who love playing in groups. They can have a wonderful experience with these things, honestly.

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Quote from: DoublerHunter on January 05, 2022, 04:55:10 PM

Quote from: Boristhecat on January 05, 2022, 12:24:30 PM

Quote from: ipanks on January 05, 2022, 04:51:05 AM

Quote from: Boristhecat on January 04, 2022, 10:21:00 AM

It will be cost effective if the players are willing to pay for it. But to be honest, I know several gamblers (and play a little myself) - I have never heard from them any wishes regarding gambling graphics or anything like that. For ordinary gambling, the Metaverse is unlikely to provide anything new. Maybe there will simply be some interesting opportunities like running around the field next to the players (in the game on which made a bet), of course virtually.

At least, Metaverse can offer a new experience using VR equipment that some gamers already use to play many games. The cost will adjust from time to time and with the newest technology, everything will be updated following the current situation. The gambling industry will change when VR equipment can be applied, which may also change the interface of the gambling industry. The smart contract will solve the problem of the fee of the transaction and with so many options now, people can choose what they want to pay for the services.

This is a controversial point in view of the fact that top monitors transmit a picture of best quality, and, for example, for me personally, a monitor is much more convenient than any VR equipment, simply because I can see well with only one eye, so VR for me means a deterioration in the picture and not an improvement.
In general, there are many different unexpected pros and cons in this area, and in order to strongly attract consumers, the Metaverse must offer something really worthwhile.

^ This could become a hot topic now, metaverse game using VR which is already started people using it. But it is only for those who can afford to buy this device. I did not yet experience using VR while gambling and how good it is, as they said, it looks real when you as your character is an avatar and other your opponents too which look like you are inside the casino. Probably this will be going to happen soon and many gamblers will move to this nice idea and explore how virtual reality becomes looks real.

We are currently seeing many players suffer from gambling addiction. This is a misfortune similar to alcoholism and drug addiction.

At the same time, the development of virtual reality will lead to an increase in player addictions. Not only excitement and adrenaline will become a negativ factor for the mental health of the player.

In virtual reality, you can choose a centaur as your avatar and you will feel like a centaur. You will feel like an artiodactyl with four legs and two arms.

How will this affect your mental health? Relevant scientific and medical research is still lacking.

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Quote from: magneto on January 06, 2022, 01:07:38 AM

I think that the regulations around gambling are way too tight right now which is leading to more harm than good given that a lot of operators just go underground instead of comply with the legislation.

I don't know how the regulation of gambling is going to lead to more harm than good. I think it is a two way thing and it will benefit the gamblers more. It is going to ensure to players that they are guarantee of winnings, scam would be exposed and punished. But owners may be the one not very comfortable with tight gambling role. A tight role will benefit both owners and players.

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Quote from: Wexnident on January 05, 2022, 06:08:10 AM

It's not really new per se, it's just an old experience at the comforts of your home via the use of new tech. Honestly, any industry would have the chance to change if VR was implemented, after all, if they were able to merge the implementation of VR tech and make improvements with user experience via that, then user experience with VR would tremendously improve, probably defeating what real-world casinos could bring out (temporarily that is, till tech could do it in the real world as well).

When VR is implemented, that can change whole things in our life and we can see a new world with a different view that we do not yet imagine. The casino itself will adapt to the situation and who knows, we will see a casino that can apply the VR to the gamblers to feel a new experience using VR to playing gambling games. Maybe we can feel touching the material that we can only see that thing before. Yes, with the latest technology, that can help us get better in the future.

Quote from: Boristhecat on January 05, 2022, 12:24:30 PM

This is a controversial point in view of the fact that top monitors transmit a picture of best quality, and, for example, for me personally, a monitor is much more convenient than any VR equipment, simply because I can see well with only one eye, so VR for me means a deterioration in the picture and not an improvement.
In general, there are many different unexpected pros and cons in this area, and in order to strongly attract consumers, the Metaverse must offer something really worthwhile.

We can say that because we do not yet feel how the VR works and it sounds not familiar in our ear. But if we already know what VR is and often use VR, I am sure we will have different points about VR technology. I believe VR is just beginning and we will see many new things develop with the newest technology which can bring a new experience to the gambling industry. We will see it happen without denying it as the VR technology is still developed and needs more research from the developer.

Topic: What will be the next big industry move? - page 40. (Read 4746 times)