What would you think of Meta (Facebook) allowing bets in the metaverse

Peanutswar

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Quote from: Cling18 on November 12, 2021, 10:52:11 AM

Quote from: Masplanc on November 12, 2021, 09:39:21 AM

It's gonna make sense if the meta will have a space for betting. Meta or Facebook is a social media community which accommodate millions of users. Some of this users would find betting interesting to all participate. I will be glad if there will be a space for betting in meta.

I'm sure that there would be millions of users who will participate in this because Facebook has a huge community. I just hope that they wouldn't let users fall into betting or should I say gambling addiction. However, if they would launch meta, there's still nothing to doubt of fear because Facebook has been trusted for over the years.

Still there's some rules and regulation with it we know that now with the facebook they are fully aware with the activity like gambling contents and some of them giving restrictions but if this kind of metaverse might adopt this hits different users experience that most of the people due to quarantine will enjoy the life like they are in the different world with customize characters and enjoy the gambling even though they are in their homes.

KTChampions

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Quote from: mindrust on November 12, 2021, 01:14:58 PM

Quote from: KTChampions on November 12, 2021, 05:14:09 AM

If gambling is a completely separate project, what are the advantages over existing and reputable projects? This is unknown. If gambling is built into the Meta, then this will entail strict regulation for the entire Meta (even the ban of online access in some states), so I do not think that this will happen, since the losses from this will be greater than the profits.

Some people will prefer the regulated casinos over the unregulated ones because they'll think that if something goes wrong, the department of justice will make it right eventually. You can't do that kind of stuff with the unregulated casinos. They may just take away your money and show you the door. Sure, they'll lose reputation but that didn't stop 1xbit, as you see they are still up and running.

Do you mean the Russian scam project 1xbet (and all its numerous clones)? In fact, I wonder how it is still alive - it has an extremely negative reputation who has ever come across him, but massive aggressive advertising is apparently capable of attracting many new users, so they continue their activities.
It would be interesting for me to look at Meta's gambling project only in one sense - I see that there are players who turn out to be in the black, for example, when sport betting, and I would like to know how Meta will fight with such pros who will beat them.

Gosgosking

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It will be another source in generating money for the company. My worried is that it will be too exposed to young people below 18, I'm aware very young people do Facebook. If at all it occurs in meta it should be regulated strickly . I'm happy for it at least I can earn some cool fund.

bekti3

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Their goal of rebranding is to create something new because Facebook is often misused by some people so that its image is getting worse and worse.
and it's a pretty good thing with reorganizing and creating new things in the metaverse.
but for the bet there, I don't think there will be too many people's lyrics because now things like this have been circulating everywhere.
In fact, I think something like that will make their image worse in some circles.

mindrust

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Quote from: KTChampions on November 12, 2021, 05:14:09 AM

Quote from: mindrust on November 11, 2021, 03:19:59 PM

Big if true. If facebook comes with its own built in casino, that would be very bad news for the other online casinos. Why risk you money with other casinos when there is a government sponsored available?

But I am not sure if it is going to happen because online gambling is a very touch subject in the US and they probably won't allow that kind of stuff on meta.

If gambling is a completely separate project, what are the advantages over existing and reputable projects? This is unknown. If gambling is built into the Meta, then this will entail strict regulation for the entire Meta (even the ban of online access in some states), so I do not think that this will happen, since the losses from this will be greater than the profits.

Some people will prefer the regulated casinos over the unregulated ones because they'll think that if something goes wrong, the department of justice will make it right eventually. You can't do that kind of stuff with the unregulated casinos. They may just take away your money and show you the door. Sure, they'll lose reputation but that didn't stop 1xbit, as you see they are still up and running.

dupee419

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Metaverse is going to be a huge community, I don't think it'll hurt Metaverse if they'll implement a casino instended for gamblers, also, as part of moderation, I think Metaverse will set rules for casinos for users to avoid addiction and for kids not to be influenced at an early age, this is a good idea but I think this will be later on implemented afaik Metaverse is more focused on other aspects such as NFT, and other more.

Cling18

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Quote from: Masplanc on November 12, 2021, 09:39:21 AM

It's gonna make sense if the meta will have a space for betting. Meta or Facebook is a social media community which accommodate millions of users. Some of this users would find betting interesting to all participate. I will be glad if there will be a space for betting in meta.

I'm sure that there would be millions of users who will participate in this because Facebook has a huge community. I just hope that they wouldn't let users fall into betting or should I say gambling addiction. However, if they would launch meta, there's still nothing to doubt of fear because Facebook has been trusted for over the years.

Masplanc

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It's gonna make sense if the meta will have a space for betting. Meta or Facebook is a social media community which accommodate millions of users. Some of this users would find betting interesting to all participate. I will be glad if there will be a space for betting in meta.

AicecreaME

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Quote from: Lucasgabd on November 12, 2021, 08:14:11 AM

Quote from: madnessteat on November 11, 2021, 11:35:30 AM

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

well, with the size and importance the company has right now it's not like they can make a move without the regulators noticing
that's why Libra, the facebook currency was not released

but I bet Zuck still didn't gave up on an idea like that.

Maybe the reason behind that is they are going to put it all out in the Metaverse. I've done some research about it and rebranding their name into "Metaverse" is something we could look forward to, since it's about like virtual reality thingy that could make us feel that we definitely near in the future we are watching in movies, you know A.I technology and other amazing stuff.

However, as the technology move forwards, it's kinda creepy and alarming at some point, in my opinion. Facebook is about socializing people around the world but since they are promoting a lot of stuff, they plan to make it big and the name "facebook" doesn't suit it anymore.

Lucasgabd

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Quote from: madnessteat on November 11, 2021, 11:35:30 AM

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

well, with the size and importance the company has right now it's not like they can make a move without the regulators noticing
that's why Libra, the facebook currency was not released

but I bet Zuck still didn't gave up on an idea like that.

judeafante

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Quote from: madnessteat on November 11, 2021, 11:35:30 AM

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

Facebook is not known to be interested in anything related to gambling but if there's a huge demand in the market the board should approve it first and do a feasibility study first if this is something that will bring Facebook or Meta to new heights and if they are going to retain the support of their users, it's the majority of users of their platform that matters.

blatchcorn

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Quote from: AmoreJaz on November 09, 2021, 06:47:41 PM

if they will indeed enter the gaming or gambling arena, it may cause one reason for people to get addicted with this app. but the reputation will possibly deteriorate as it may not be good for younger gen as it will be another source of many problems that may arise later on. they may get the attention but this move may put them in the bad light.

Already Facebook addiction is biggest concern of parents, as child's n young people are spending most of there time on Facebook n other social media sites. Adding gambling to Facebook ecosystem will result in more gamblers of tender age, something not good for society but good to generate revenue. So meta or Facebook won't care for social aspect as its money making business.

peter0425

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Quote from: KTChampions on November 12, 2021, 05:14:09 AM

Quote from: mindrust on November 11, 2021, 03:19:59 PM

Big if true. If facebook comes with its own built in casino, that would be very bad news for the other online casinos. Why risk you money with other casinos when there is a government sponsored available?

But I am not sure if it is going to happen because online gambling is a very touch subject in the US and they probably won't allow that kind of stuff on meta.

If gambling is a completely separate project, what are the advantages over existing and reputable projects? This is unknown. If gambling is built into the Meta, then this will entail strict regulation for the entire Meta (even the ban of online access in some states), so I do not think that this will happen, since the losses from this will be greater than the profits.

Valuable answer , Yeah Metaverse(AKA Facebook) is a social Media in which offering games like card games or even slots but literally without Real funds in which only with their own tokens.
but if this will be labeled as gambling then restriction will be applied by the government in which i believe wont be the target of the team.
anyway this are all speculations and not unless there is a final decision from Meta this thread will run long time.

Oasisman

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Quote from: worldofcoins on November 11, 2021, 03:30:11 PM

Metaverse isn't going to be regulated by the government in the beginning.

Not regulated means, they have no proper declaration on their business model to get necessary permits and regulations. This could become a ground for a lawsuit in the future once Meta (Facebook) involves into gambling and not being regulated early because they have not declared the business model they're planning to add on their platform.

Nevertheless, allowing Metaverse gambling on their platform is a great experience for the gamblers and will probably going to be a trend.

KTChampions

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Quote from: mindrust on November 11, 2021, 03:19:59 PM

Big if true. If facebook comes with its own built in casino, that would be very bad news for the other online casinos. Why risk you money with other casinos when there is a government sponsored available?

But I am not sure if it is going to happen because online gambling is a very touch subject in the US and they probably won't allow that kind of stuff on meta.

If gambling is a completely separate project, what are the advantages over existing and reputable projects? This is unknown. If gambling is built into the Meta, then this will entail strict regulation for the entire Meta (even the ban of online access in some states), so I do not think that this will happen, since the losses from this will be greater than the profits.

ipanks

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Quote from: Wexnident on November 11, 2021, 10:30:39 AM

Quote from: ipanks on November 11, 2021, 10:11:18 AM

But Meta can offer gambling on their site because gambling games can give more revenue for Meta and I do not think that Meta will let the chance to make more revenue. But if Meta really uses gambling as their other way to make money, they need to think about their members who do not like gambling because they will face a demo among their members. We know that gambling can give a bad impact on the user but that will depend on each people and even, the young generation is susceptible to playing gambling with their device.

The gambling part of Meta would naturally be supervised and restricted though? It wouldn't actually be odd for Meta to perform strict KYC procedures if they were going to implement it, especially if it was included with their facebook counterpart and not separated, since that would make it more susceptible to be visited by most people whether they be of legal age or not. It should rather be obvious for them really, since the social media Facebook is used by a wide majority of audience from all sorts of ages after all.

It should be supervised and restricted for people under 18 because Facebook has many members who will be up and under 18 so Meta needs to have strict regulation among their members. When they can access Meta gambling games easily, that will matter for the user because they can become addicted someday. Maybe Meta can release another domain name under Meta with strict rules for the members so only people above 18-20 can access the site. Hopefully, it will bring more new cases of gambling addiction.

btc78

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Quote from: aioc on November 12, 2021, 12:09:00 AM

Quote from: madnessteat on November 11, 2021, 11:35:30 AM

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

Until they made an official announcement, it's still rumors and hearsay, if this is a new trend and there's a huge market for this, then Meta or Facebook will have an interest in this, right now what will only have now is Facebook is betting big in virtual experiences if coming up with a betting game is part of that, we still don't know if they are going to integrate it, all I know is they moving into the future and want to be one of the innovators.

Yes this sounds like a marketing strategy to me, Facebook is making noises here and there for the adoption of their new name Metaverse in which need to gather more knowledge from their users around the world.
Facebook has being flood by anything from with sense to nonsense , now that Political advertising is also indeed being used their platform so this is for advertising purposes clearly.

aioc

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Quote from: madnessteat on November 11, 2021, 11:35:30 AM

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

Until they made an official announcement, it's still rumors and hearsay, if this is a new trend and there's a huge market for this, then Meta or Facebook will have an interest in this, right now what will only have now is Facebook is betting big in virtual experiences if coming up with a betting game is part of that, we still don't know if they are going to integrate it, all I know is they moving into the future and want to be one of the innovators.

uneng

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Quote from: Lucasgabd on November 11, 2021, 09:52:43 AM

Quote from: uneng on November 10, 2021, 07:54:09 PM

I don't like this idea of Metaverse very much. It looks like a rebranded centralized internet owned by Zuckerberg.
Can't we just be glad by having an open source internet where a plenty of gambling platforms already exist offering high quality services to their customers?

have you read Snow Crash or watched Ready Player One?
some people talk about the idea of building an open metaverse BEFORE Zuck does it, which is challenging

I believe we'll see some degree of interoperability in the future between different metaverses and the facebook one will be just one of many
then people will be able to choose.

I've never heard of these before, but just searched about Snow Crash after reading your post. Zuckerberg is clearly being inspired by old science fiction novels in an attempt to increase his influence and control in the world. Probably you are right and there is going to be many metaverses versions competing among themselves for domination and supremacy. However I think it's going to take long years yet until we have access to a decent metaverse like the ones we see at some action movies, because our currently technology and internet quality aren't enough to offer this kind of experience to users yet.

When this day comes, I still worry because people will exchange their physical, real experiences for virtual, mental experiences exclusively through avatars (a third party body in other words). That means people won't live for real anymore. Even though the called metaverse becomes extremely complex, for me it will be a "The Sims" game anyway.

worldofcoins

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Why not?
There are already games on Facebook or used to (haven't checked since 1 yr) that accept BTC and allow its users to place bets on the game.
Even if Facebook doesn't accept gambling now then it will at some point. Metaverse isn't going to be regulated by the government in the beginning.

Topic: What would you think of Meta (Facebook) allowing bets in the metaverse (Read 443 times)