What would you think of Meta (Facebook) allowing bets in the metaverse - page 5.

Woodie

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While we keep talking about Facebook aka Meta, is this new name change actually taking place because the company name is already being used by another and if they choose to go on with this they will have to throw in a couple of dollars, millions to be exact as the current owners know they have the capacity and they need to buy it off them first.

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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?

All i will say is a successful company knows when to diversify its portfolio to spread risk and maximize on its profits...and tbh this is a welcome move. Welcome to the gambling ecosystem meta.

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Quote from: paxmao on November 09, 2021, 05:07:38 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?

Imagine playing gambling games or watching games through VR actually that's really good to think of but we still don't have any idea or beta on what will the Metaverse will look like but I think it's possible that may enter to gambling industry and other things like probably black market (Let's hope not) and Adult industry I think it's unstoppable especially if the room or server is encrypted or private.

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Quote from: yazher on November 09, 2021, 11:10:51 PM

Quote from: AicecreaME on November 09, 2021, 09:53:06 PM

I don't think Facebook would allow gambling on their platform. Facebook is a social media platform that enables the users to utilize its features, to interact, and to be updated on the current happenings at ease. It is not only intended for the adults, but also for the younger generations as well. Facebook allows the youngsters to use their app.

This is a good answer and that would definitely be the case because gambling is strictly for adults only no matter how you think about they don't care about the outcome and they will impose the gambling activity anyway, it just doesn't work like that because one share about gambling in Facebook that has some good captions, it would spread so fast that even kids will not hesitate to try it and that would make them regret with their decision when they see what they have done.

I believe that Facebook is a social media platform in and of itself, but my friend Mark Zuckerberg haha introduced the metaverse, in which I believe gambling is possible; it is not a social media platform, but rather a significant innovation. I'm not sure what will happen, but rumors say there's gambling there for entertainment. I don't know well the metaverse, but the NFT community is hyping it, and the gambling community is expecting big things if betting is allowed.

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Quote from: AicecreaME on November 09, 2021, 09:53:06 PM

I don't think Facebook would allow gambling on their platform. Facebook is a social media platform that enables the users to utilize its features, to interact, and to be updated on the current happenings at ease. It is not only intended for the adults, but also for the younger generations as well. Facebook allows the youngsters to use their app.

This is a good answer and that would definitely be the case because gambling is strictly for adults only no matter how you think about they don't care about the outcome and they will impose the gambling activity anyway, it just doesn't work like that because one share about gambling in Facebook that has some good captions, it would spread so fast that even kids will not hesitate to try it and that would make them regret with their decision when they see what they have done.

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Quote from: paxmao on November 09, 2021, 05:07:38 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?

I don't think Facebook would allow gambling on their platform. Facebook is a social media platform that enables the users to utilize its features, to interact, and to be updated on the current happenings at ease. It is not only intended for the adults, but also for the younger generations as well. Facebook allows the youngsters to use their app.

In fact, Facebook users are actually composed of teenagers and young adults based on what I've read in an article that talks about the statistics of average age of Facebook users. With that, definitely Facebook wouldn't dare to risk their reputation. Because they are not only catering adults, but also the innocent ones which could be destructive if they were introduced to gambling at a young age without proper guidance. They are open into gaming industry, but not really when it comes to gambling that could cause addiction. Also, correct me if I'm wrong, but they also prohibit advertisement and any promotion related to crypto in their terms and policy.

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Well, it certainly wouldn't be odd If they did so I suppose. It is still a method for their company to earn money after all, and since they are rebranding, touching upon some industries that they originally didn't seem like a plan. After all, as others have said, Facebook's rebranding is currently a mess and is pretty much only a means for them to redirect about the issue of their data getting breached. Plus, everything in the scene is pretty much growing, gambling isn't alone with that so it's a pretty good opportunity to enter it imo.

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Quote from: AmoreJaz on November 09, 2021, 05:47:41 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.

Metaverse won't come up with such plans of implementing gambling. There is more chance for separate digital rooms available for the services and make use of it. Addition of gaming is quite good and this is being used by all levels of people. Over the past few days I've got more than ten messages challenging through a game.

If gambling is added, then it'll surely affect the reputation of the platform. This can lead to ban from governments of different countries same as the few countries banning tiktok.

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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.

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Legalizing and taxing marijuana is a no brainer for states increasing tax revenues.

Legalizing and taxing gambling is a variation on the above.

It is known that casinos and gambling websites raked in big money over the past 5 or 10 years.

Implementing gambling on websites isn't highly CPU or memory intensive. Which makes it an easy option for platforms like facebook to adopt to boost profit revenues.

While facebook might ordinarily shy away from such a controversial move in an effort to avoid alienating its user base. It seems their brand name recognition has been hurt badly enough, or their profit margins are in big enough danger for them to throw the hail mary.

paxmao

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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?

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