What would you think of Meta (Facebook) allowing bets in the metaverse - page 2.

milewilda

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Quote from: Peanutswar on November 11, 2021, 11:45:57 AM

I guess they will still make restrictions with their platform because they have their own policy and rules must need to follow but I guess with this kind of thing its good to have gambling too looks like we have a virtual world of gambling that you are having a VR with your friends or another competitor on the table and taking a bet of cards seeing their reactions this looks like give different impact on the metaverse, hoping they add this but still with some restrictions and it depends on the user's agreement.

There should really be restrictions because if you do look on what are the ages of people who do access out and visit the platform then it would really be on various ages which would really be that give out
some effect to those users specially minors which it is really just good that they would really be putting up those restrictions for that purpose and wont really lose out in terms of that because
they should really look upon on what possible things or been affected which i do believe that they would still be setting out restrictions.

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Quote from: paxmao on November 09, 2021, 06:07:38 PM

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do you make of this?

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.

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Quote from: Peanutswar on November 11, 2021, 11:45:57 AM

I guess they will still make restrictions with their platform because they have their own policy and rules must need to follow but I guess with this kind of thing its good to have gambling too looks like we have a virtual world of gambling that you are having a VR with your friends or another competitor on the table and taking a bet of cards seeing their reactions this looks like give different impact on the metaverse, hoping they add this but still with some restrictions and it depends on the user's agreement.

Gambling is a very ancient human activity. They were known as far back as Ancient Egypt.

Such a thing has antifragility according to the theory of Nassim Taleb. There will also be gambling in the virtual universe (metaverse). Otherwise it can not be. Anti-fragile things don't die.

They are reborn again and again in new conditions. Passion and excitement are very important to people.

Here is an example of the Internet. With the development of the Internet, online casinos appeared.

With the rise of the Metaverse, virtual reality casinos will emerge.

Peanutswar

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I guess they will still make restrictions with their platform because they have their own policy and rules must need to follow but I guess with this kind of thing its good to have gambling too looks like we have a virtual world of gambling that you are having a VR with your friends or another competitor on the table and taking a bet of cards seeing their reactions this looks like give different impact on the metaverse, hoping they add this but still with some restrictions and it depends on the user's agreement.

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Quote from: paxmao on November 09, 2021, 06:07:38 PM

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do you make of this?

It's just speculation I don't think Facebook will reinvent itself that way, it's a big turnaround, they are known to be user friendly and they are accepted from all walks of like regardless of their belief, I don't think it will become some sort of a betting site, they are good as a social site they should remain to be a social networking site because they serve everybody not only gamers.

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

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.

I read a study that suggests the opposite: the majority of Facebook users are middle-aged and older people, the younger the sample, the smaller the percentage of it uses Facebook. Personally, I think this network is dying - what's the point in this garbage dump (with insane censorship) now, except to log in through it in some game? Probably the owners are well aware of this and therefore started a rebranding.

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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.

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

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.

Most probably this certain feature of Meta if ever they would going to make it alive should be supervised and must be located in a very restricted area where KYC will surely going to restrict the age limitation because from the previous name of the company Facebook, majority of the users and audiences are from all sorts of ages which no one wanted to see I guess a young age involve in a betting site right. But I guess if Zuckerberg will going to make it one of the feature of Meta I think they must separate it because it is unnecessarily to include this kind of feature to the world known facebook feature.

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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.

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Quote from: mitchr4 on November 11, 2021, 06:04:59 AM

It's really difficult if Meta offers gambling games because over time Meta will be called a gambling place and that can make people who are anti-gambling stay away from it. If it's a promotion place I think it's reasonable as long as they target the ad to users 18+.

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.

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Quote from: fortunecrypto on November 11, 2021, 09:41:59 AM

Quote from: mitchr4 on November 11, 2021, 06:04:59 AM

It's really difficult if Meta offers gambling games because over time Meta will be called a gambling place and that can make people who are anti-gambling stay away from it. If it's a promotion place I think it's reasonable as long as they target the ad to users 18+.

The majority of Facebook users are not into gambling and the Facebook brand caters to everybody, they can create their own betting site but it should not be integrated on Facebook, they don't need a betting site they are already on top of their games and they just have to upgrade Facebook but I don't think gambling is the new trend, they have defined social networking I don't think they should change that.

This have a point. It is the same with gambling that is gambling alone it is like you want to integrate a social media in your gambling site ? Then probably i would say its a no since the real purpose is for gambling, though facebook is huge now but their main goal is for Social not for gambling , i think there would be a part or section on which gambling could integrated but still they dont focus on that. Facebook was made to connect people, not to bet in gambling

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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.

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Quote from: Obito on November 11, 2021, 12:19:47 AM

It will be the same as other VR games out there, I feel like the only difference is that this one is backed by a big tech companies. To be honest, I think that this is a useless one since we have VR chat already so why not capitalize on the existing technology and innovate there or even create your projects there. Also, I feel like gambling is going to be one of their main interests since Facebook doesn't support that in their platform then I don't think that in their Metaverse will it be any different.

It's basically going to end up looking like a grand theft auto type world - where people go crazy and get to pretend they are living like a billionaire, flying round in executive jets or driving their Bugatti's. We already saw something similar with that virtual world called Second Life and the dozen other iterations before it. The concept is far from new, but Zuckerberg has a lot more money to throw at it (seems like a rather wasteful project) and the ego that will force it to be created. I'm guessing he considers his legacy tarnished now with all the bad press around Facebook, so he wants to branch out into this new idea and simulate a virtual world instead.

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Quote from: mitchr4 on November 11, 2021, 06:04:59 AM

It's really difficult if Meta offers gambling games because over time Meta will be called a gambling place and that can make people who are anti-gambling stay away from it. If it's a promotion place I think it's reasonable as long as they target the ad to users 18+.

The majority of Facebook users are not into gambling and the Facebook brand caters to everybody, they can create their own betting site but it should not be integrated on Facebook, they don't need a betting site they are already on top of their games and they just have to upgrade Facebook but I don't think gambling is the new trend, they have defined social networking I don't think they should change that.

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Quote from: paxmao on November 09, 2021, 06:07:38 PM

rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do you make of this?

I have tried to explore the Facebook Metaverse idea, from one side it's good, if you look at one of the sources they say the following.

Quote

Meta, Facebook's new name is investing billions of dollars into a project that hopes to see the creation of an immersive virtual reality environment. This idea is known as the Metaverse. Later, with the Metaverse, people will be able to interact with the user and the artificial world around them.

On the other hand there is a bit of threat and worry about this new Facebook idea.
As explained below.

Quote

The metaverse also risks deepening existing issues such as data privacy issues and cyberbullying drastically.

Even more worrying, he argues that this technological development will blur the line between virtual and reality. Whoever becomes the ruler of this reality will have access to an unprecedented amount of data. That means: countless powers.

Honestly, for this idea, if I think there should be a more sophisticated security system and technology for the security of Metaverse users, otherwise the risks I have mentioned in the quote above, conclusion: not a good idea, for now, if not safe.

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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 a bad light.

It will surely attract players which could also fall into gambling addiction. That's too possible since there's a huge number of Meta of Facebook users. However, if it's part of their growing business then we should just be smart to get rid of it. We should personally know how to avoid gambling addiction and just focus on the important features of Facebook.

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Quote from: paxmao on November 09, 2021, 06:07:38 PM

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do you make of this?

Where do you get those rumors, is Facebook a business in a shakeup that will engage to something that they shun since launching their business, I don't think they are going to make a shift they are still the number social networking site, no competition, they are under criticism right now but that's not going to change how they do business and what they stand for, they can change the name, add some new features but becoming a gambling hub is unthinkable.

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Quote from: qwertyup23 on November 11, 2021, 05:35:59 AM

Quote from: paxmao on November 09, 2021, 06:07:38 PM

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do you make of this?

This would definitely be beneficial to Meta (Facebook) in terms of their revenue sharing.

Imagine, having the most popular social media website that promotes gambling and offers games on their hub. Not only do you advertise various gambling websites among billions of people but you basically have a guarantee of a spot assuming that this happens. This will incur millions of profit to FB's side but again, this would be a question of morality as they may face this issue.

It's really difficult if Meta offers gambling games because over time Meta will be called a gambling place and that can make people who are anti-gambling stay away from it. If it's a promotion place I think it's reasonable as long as they target the ad to users 18+.

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Quote from: paxmao on November 09, 2021, 06:07:38 PM

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do you make of this?

This would definitely be beneficial to Meta (Facebook) in terms of their revenue sharing.

Imagine, having the most popular social media website that promotes gambling and offers games on their hub. Not only do you advertise various gambling websites among billions of people but you basically have a guarantee of a spot assuming that this happens. This will incur millions of profit to FB's side but again, this would be a question of morality as they may face this issue.

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Quote from: dbc23 on November 11, 2021, 01:17:00 AM

Quote from: Obito on November 11, 2021, 12:19:47 AM

~snip

There are lots of VR chats already but I just feel metaverse would have a wider adoption it wouldn't be useless if metaverse allows betting as it would bring in more realistic real world experience for those who love to gamble and it won't be compulsory for all it would just be a Matter of ones interest.

No they don't, most of the pitch videos are already available in the market so I don't really see anything new with what they're planning to do with this one. Also, your description of betting in VR is a bit on the reverse if you think about it. Why would you go to VR just to experience realism in the betting world when there's already a real thing for that.

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