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

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Quote from: Cling18 on November 12, 2021, 09:52:11 AM

Quote from: Masplanc on November 12, 2021, 08:39:21 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, 12:14:58 PM

Quote from: KTChampions on November 12, 2021, 04:14:09 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.

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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, 04:14:09 AM

Quote from: mindrust on November 11, 2021, 02:19:59 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.

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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.

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Quote from: Masplanc on November 12, 2021, 08:39:21 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.

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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.

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Quote from: Lucasgabd on November 12, 2021, 07:14:11 AM

Quote from: madnessteat on November 11, 2021, 10:35:30 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.

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Quote from: madnessteat on November 11, 2021, 10:35:30 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.

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Quote from: madnessteat on November 11, 2021, 10:35:30 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.

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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.

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.

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Quote from: KTChampions on November 12, 2021, 04:14:09 AM

Quote from: mindrust on November 11, 2021, 02:19:59 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, 02:30:11 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, 02:19:59 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, 09:30:39 AM

Quote from: ipanks on November 11, 2021, 09:11:18 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.

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Quote from: aioc on November 11, 2021, 11:09:00 PM

Quote from: madnessteat on November 11, 2021, 10:35:30 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.

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Quote from: madnessteat on November 11, 2021, 10:35:30 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.

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Quote from: Lucasgabd on November 11, 2021, 08:52:43 AM

Quote from: uneng on November 10, 2021, 06:54:09 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.

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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.

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Quote from: Peanutswar on November 11, 2021, 10:45:57 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.

mindrust

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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?

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, 10:45:57 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, 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?

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, 09:30:39 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, 09:30:39 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, 09:11:18 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, 05:04:59 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, 08:41:59 AM

Quote from: mitchr4 on November 11, 2021, 05:04:59 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, 06:54:09 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 10, 2021, 11:19:47 PM

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, 05:04:59 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, 05:07:38 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, 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 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.

robelneo

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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?

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, 04:35:59 AM

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?

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+.

qwertyup23

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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?

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, 12:17:00 AM

Quote from: Obito on November 10, 2021, 11:19:47 PM

~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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Quote from: Apes on November 10, 2021, 10:48:35 PM

well, they won't be able quickly use their metaverse for gambling, I think they are more focused on exploring the metavese world market first,
rather than rushing to market a gambling platform, which limited use not all countries allow.
basically gambling when combined with the metaverse I think will be more attractive however this is not their focus IMO.

or indeed completely non-existent. We all agree to see how far the metaverse world is introduced to the world in a concept that is much more focused on developing technological intelligence. I'm not really interested even though it has something to do with gambling, because the concept of the metaverse of Facebook itself is still biased and can't be felt or implemented by everyone. This was just part of the plan, not much different from the Libra launch at the time. Until the end did not have a smooth road.

Jawhead999

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It's possible in the future when almost countries treated gambling is normal games and Olympic include gambling as one of the sport, but it's still rumors until now. Meta will be very strict if they allowing bets in metaverse, because they need to make sure the user who control the account is eligible to gambling (e.g. ages, residence, regulations, etc etc).

But if Meta already allowing bets, I wouldn't try it and will keep stick with my favorite casino. There're a lot leaked data issues and how worst the Meta privacy, that's make big NO for me.

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Quote from: dbc23 on November 11, 2021, 12:17:00 AM

Quote from: Obito on November 10, 2021, 11:19:47 PM

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.

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.

Of course Mark Zuckerberg already anticipated everything , he knows the business well and he will not enter in anything that he don't know what is the outcome . remember that Facebook Success is one of the most recorded all the years so yes even there are lots of VR games out there yet Mark will enhanced this area to make sure they will bring big difference from the common VR's out there.

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

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 guess it's a great idea as betting would be easier knowing we are using a platform that is reputable, however, that would also mean we have to go through KYC which we need to use our real information on our facebook (meta) accounts. They'll certainly do some innovation to increase their revenue but we also have to understand that it always depends whether the government will approve or not, their plan is only a plan without an approval.

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It'll be a new experience and I am sure if it brings convenience when gambling or at least makes gambling more enjoyable(besides the new experience) I am sure tech-savvy gamblers would likely want to use it or at least try it out but I doubt it'll be one of their focus or if it is even in their plans.

Quote from: rhomelmabini on November 11, 2021, 12:27:49 AM

They would likely to focus on the gaming and social interactions just like what they have been doing recently when it's still named as Facebook.

that's what I thought too. I mean, that's probably the main reason why they created it.

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

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 can be a rumor but it will be what will actually happen, the mataverse is digital but it is digital existence of people interacting, anywhere people are interacting, gambling will begin naturally there. Some people may even use it for no two reason than to gamble.

Quote from: traderethereum on November 11, 2021, 01:03:35 AM

I guess Facebook needs to set everything works before they want to launch gambling games inside the site as that can be a new update that Facebook will do it later.

Facebook can just be the inventor, did you think other companies will not begin their own metaverse which will be called in another name, expect such. Even if faceook did not do anything about gambling which I am not even expecting from its side, many people will set it up themselves, even gambling companies will set it up there.

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Quote from: Apes on November 10, 2021, 10:48:35 PM

well, they won't be able quickly use their metaverse for gambling, I think they are more focused on exploring the metavese world market first,
rather than rushing to market a gambling platform, which limited use not all countries allow.
basically gambling when combined with the metaverse I think will be more attractive however this is not their focus IMO.

Maybe while their members will explore the metaverse first and find the gambling platform inside the platform.
Their members can feel that meta will be the one-stop point to access many things, including playing gambling and communicating with other people.
I guess Facebook needs to set everything works before they want to launch gambling games inside the site as that can be a new update that Facebook will do it later.
It seems Facebook wants to be the number one social media that has everything the user needs.

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Quote from: Apes on November 10, 2021, 10:48:35 PM

well, they won't be able quickly use their metaverse for gambling, I think they are more focused on exploring the metavese world market first,
rather than rushing to market a gambling platform, which limited use not all countries allow.
basically gambling when combined with the metaverse I think will be more attractive however this is not their focus IMO.

They would likely to focus on the gaming and social interactions just like what they have been doing recently when it's still named as Facebook. They are already huge enough as a social media and now entering the Metaverse world is a huge feat and if they rush to gambling or even just enter that market it will just raise some eyebrows to some critics.

dbc23

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Quote from: Obito on November 10, 2021, 11:19:47 PM

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.

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.

Obito

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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.

Apes

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well, they won't be able quickly use their metaverse for gambling, I think they are more focused on exploring the metavese world market first,
rather than rushing to market a gambling platform, which limited use not all countries allow.
basically gambling when combined with the metaverse I think will be more attractive however this is not their focus IMO.

xSkylarx

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Quote from: uneng on November 10, 2021, 06:54:09 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?

Well that is not really the case right now people wants innovation at the same time earn money from the public which thats why there are new platforms coming out. For it is still okay since it was really new to me which could learn a tricks from it or could be really useful in our life , also in gambling there are a lot of websites or physical casinos now so i think where you are doing a casino hopping then you will be out of fun from it.

uneng

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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?

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Quote from: dunfida on November 10, 2021, 04:51:58 PM

They might allow ads but not for them to take the direct action.

Well, this is the right answer.
It is bad for the public if they get involved in gambling so I think this is impossible to happen that they will be allowing bets in the metaverse.
But let us just see, if they will implement that new feature perhaps there could be many changes of Facebook and I think, they are changing the path on the gambling business and there is nothing we can do.

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Quote from: Quidat on November 10, 2021, 04:48:11 PM

Quote from: avikz on November 10, 2021, 01:36:49 PM

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 can bet against this rumor! Facebook will never enter gambling market directly or indirectly. Yes, they may bring some "play to earn" game and possibly enter into NFT market, but not in gambling. Facebook has already seen many battles to safeguard their reputation and gambling is actually perceived negatively in the society. So they will never engage into such business. Not in our lifetime. I am not sure from where did you hear such rumors.

I have the same perceptions too which its really unlikely that they would really be touching up gambling considering on the userbase of facebook which it is really hard to believe that they would really be considering out gambling or attaching this thing up.
Im much sure that they had already picture out on whats the thing could really happen if they do intently trying to
implement or adding up this one on the platform.

They might allow ads but not for them to take the direct action.

https://web.facebook.com/business/help/345214789920228?id=352746782475779&_rdc=1&_rdr
https://blog.hunchads.com/betting-ads-facebook

There's still some involvement but its indirectly.

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Quote from: avikz on November 10, 2021, 01:36:49 PM

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 can bet against this rumor! Facebook will never enter gambling market directly or indirectly. Yes, they may bring some "play to earn" game and possibly enter into NFT market, but not in gambling. Facebook has already seen many battles to safeguard their reputation and gambling is actually perceived negatively in the society. So they will never engage into such business. Not in our lifetime. I am not sure from where did you hear such rumors.

I have the same perceptions too which its really unlikely that they would really be touching up gambling considering on the userbase of facebook which it is really hard to believe that they would really be considering out gambling or attaching this thing up.
Im much sure that they had already picture out on whats the thing could really happen if they do intently trying to
implement or adding up this one on the platform.

DoublerHunter

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Quote from: Lucasgabd on November 10, 2021, 02:10:52 PM

Quote from: avikz on November 10, 2021, 01:36:49 PM

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 can bet against this rumor! Facebook will never enter gambling market directly or indirectly. Yes, they may bring some "play to earn" game and possibly enter into NFT market, but not in gambling. Facebook has already seen many battles to safeguard their reputation and gambling is actually perceived negatively in the society. So they will never engage into such business. Not in our lifetime. I am not sure from where did you hear such rumors.

I think the same
they're already quite strict for people to make ads and the overall public perception of the company is bad enough for them to get involved with more controversial questions

they are probably not going this way

^ Rumor is still the same as rumor and since there's no official announcement, this will be hard to believe that it will become true.
If they will change route into a gambling business, it seems their user will reduce massively since there are a lot of underages that has an account on Facebook, the metaverse is unclear if that is true that there is a platform they could be separated into other platforms which is much better, because there is nothing wrong if those who involve in gambling is in the right age.

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Quote from: Zilon on November 10, 2021, 03:00:49 PM

Quote from: Silberman on November 10, 2021, 11:37:21 AM

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 think of this as a dangerous move not for Facebook, or whatever name they have now, but for their customers, I mean we know that a small number of people develop some sort of gambling issue, however Facebook has been know to not care about their customers in order to keep them online, taking into account that even if they are not diagnosed as such there is a lot of people addicted to social media, the combination of a social network with most of your data and which has no limit about how they can try to manipulate their customers this could create an explosion in gambling addiction as we have never seen before.

Metaverse is trying to relate with real life experience through social media interaction just the same way people walk pass gambling hubs, online gambling adverts, offline and online casinos same will be applicable if metaverse should implement gambling to their platform people would prove blond eye to gambling adverts or gambling board on metaverse if the fear they might get addicted

Metaverse which is currently being discussed is then associated with the existence of a betting system, for me personally it is not a strange thing. As you mentioned that Metaverse connects digital interactions between individuals with other individuals virtually, it does not rule out gambling activities even though it can occur if a group of gamblers has virtual access by combining each gambling in a certain room that has been prepared.
However, whether Facebook will focus on promoting this? no, maybe a year or two after the Metaverse became officially accessible to the public.

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Quote from: Silberman on November 10, 2021, 11:37:21 AM

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 think of this as a dangerous move not for Facebook, or whatever name they have now, but for their customers, I mean we know that a small number of people develop some sort of gambling issue, however Facebook has been know to not care about their customers in order to keep them online, taking into account that even if they are not diagnosed as such there is a lot of people addicted to social media, the combination of a social network with most of your data and which has no limit about how they can try to manipulate their customers this could create an explosion in gambling addiction as we have never seen before.

Metaverse is trying to relate with real life experience through social media interaction just the same way people walk pass gambling hubs, online gambling adverts, offline and online casinos same will be applicable if metaverse should implement gambling to their platform people would prove blond eye to gambling adverts or gambling board on metaverse if the fear they might get addicted

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Quote from: avikz on November 10, 2021, 01:36:49 PM

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 can bet against this rumor! Facebook will never enter gambling market directly or indirectly. Yes, they may bring some "play to earn" game and possibly enter into NFT market, but not in gambling. Facebook has already seen many battles to safeguard their reputation and gambling is actually perceived negatively in the society. So they will never engage into such business. Not in our lifetime. I am not sure from where did you hear such rumors.

I think the same
they're already quite strict for people to make ads and the overall public perception of the company is bad enough for them to get involved with more controversial questions

they are probably not going this way

hyudien

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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?

If you like, where can I find information about this, because so far I don't know anything else behind the revamp of Facebook to Meta. And from this information of course as a gambler I am very interested in how the betting system they are trying to play behind the scenes and whether this will have a good or bad impact on Facebook's reputation as a commonly used social media but there is a hidden part that can be risked to take a share of the profits. from gambling.

KTChampions

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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 have not heard anything about Facebook's plans to enter the gambling business. In my opinion, this is not a very good idea - the competition in this area is very high and on what basis Facebook will enter this area is unclear. If they connect their existing services with gambling, this will lead to big losses - they will have to register as a casino, pay higher taxes and be more strictly regulated.

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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 can bet against this rumor! Facebook will never enter gambling market directly or indirectly. Yes, they may bring some "play to earn" game and possibly enter into NFT market, but not in gambling. Facebook has already seen many battles to safeguard their reputation and gambling is actually perceived negatively in the society. So they will never engage into such business. Not in our lifetime. I am not sure from where did you hear such rumors.

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I do not see them doing this in the near future, though the possibility of them doing such a platform is always present. They are a company whose ethos comes last when talk of profits is at bay. Presently, after the name change, they would not immediately think of doing such a rash move to protect their image, although somewhere along the road, this will eventually happen, and only time will tell whether this move is destined to fail from the beginning.

Though from what I see here, the metaverse will certainly not take lots of gambling patrons from the existing platforms that service them greatly. It'll be hard to compete against established names in the industry, moreso the culture that is already built outside of the metaverse.

Silberman

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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 think of this as a dangerous move not for Facebook, or whatever name they have now, but for their customers, I mean we know that a small number of people develop some sort of gambling issue, however Facebook has been know to not care about their customers in order to keep them online, taking into account that even if they are not diagnosed as such there is a lot of people addicted to social media, the combination of a social network with most of your data and which has no limit about how they can try to manipulate their customers this could create an explosion in gambling addiction as we have never seen before.

Lucasgabd

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There's no need to be upset

we have to defend the idea of an open metaverse away from Facebook claws
on they allowing betting or not, it's a double edge sword
on one hand they'll make a lot more money allowing it, on the other hand they lose on public perception and have to deal with stronger regulations,I'd guess they won't allow it but who knows?!

fiulpro

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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?

The future of metaverse is bleak.
Even though they are talking about reinventing themselves, who would talk about their mistakes and who would actually trust them for gambling in the first place ? I thought their whole idea was to make sure they take charge of their mistakes not sure how expanding their business so suddenly would do that? They have to think about working on themselves first and then adding other thing with it. Plus it would be super controlled, I am pretty sure they would start with their own crypto for sure in few days as well. They already have data of everyone using their applications, I don't think it would be a good idea trusting them for it. It's better to use some other gambling platforms .
Hopefully people would try and understand why they changed their name in the first place before deciding to trust them.

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That is good for Facebook because as we already know the Facebook platform is also integrated with gambling games such as Texas Hold'Em. So if Facebook wants to implement gambling and gaming for money, that will be good for them because they can attract more people to try the games. Besides that, they can promote through their platform easily because they can control their advertisement inside Facebook aka Meta itself.

It needs more control from the young generation to be aware of the gambling activity while they use Facebook because that can make them forget about their daily activity.

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Maybe I'm old-fashioned but you don't get good results when targeting a completely different bunch of people for a completely different type of interaction. You don't advertise gaming to gamblers, nor gambling to gamers, not if you want great results, anyway.

Gamblers look for value, gambling entertainment, excellent customer support, maybe interaction with other gamblers. They're not going to switch over to some fun metaverse Facebook thing to get their kicks. Bitcoin gamblers especially chose Bitcoin for a specific purpose, at odds with many of Facebook's principles.

And Zynga poker players will never be the same type of users as we are.

rhomelmabini

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Or, we could see another Congressional hearing from their CEO once again. I think Metaverse will operate in a decentralized way and Meta will have the same goal and once again this will raise question especially even to those who are strange and familiar in this space. What I mean is on how it will be moderated or governed? There are still people in the government that doesn't have the know-how yet on how 2D operates, what more in a 3D world or virtual space like Metaverse?

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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?

Considering all the bad publicity Facebook gets already, I highly doubt that it will be set up with the intention to allow gambling. They'll probably have some form of microtransactions going on and that will include gaming items - like skins or weapons. It might happen further down the line, but Facebook already has a solid amount of big name advertisers that they might not want to possibly compromise that revenue stream if they were to allow betting (which is still shunned by some). Once everything else is going and maybe ten years down the line as it gets more widespread in America (as we see with States getting more lenient) then it might be more acceptable.

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They can if they want to. I do think they have the ability and the resources to do it all. But, the impact on their supporters will be unknown.
There will always be a part against it and those who will support it.
Gaming industry. Years ago, I am playing a lot of MMORPG using the Facebook platform, I forgot the name of the game, I'll add it up once I remember.
Then, they also have Zynga Poker which could be played directly on their page. All they need is a team focused on different industries and maybe some papers for legality. And that's where the real problem will be, legality. Let's remember how Libra was denied by their government.

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If this is something like PVP where players wager their items and these items can be sold in an online marketplace within Meta, I think it should be fine. Perhaps they could put a system to regulate the pricing and not reward their players too much. Remember that Facebook started out with a lot of free games before and people got hooked. Adding an incentive to that will probably get them more users which is what they want.

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Quote from: mitchr4 on November 10, 2021, 02:16:29 AM

I think gambling games on Facebook have been around for a long time. Texas Holdem Poker from Zynga, I don't know if the game can still be played on facebook or not but I see they already have an app. In my country, this game was very popular, we could even buy or sell chips between players.

Games and gambling is different. All that you mention is just a game even though it is widely use for gambling. There is no money involved on all the Facebook games before including those poker, hi-lo and many more. There metaverse will be different but I guess they will not allowed those games that has an involvement of gambling(with real money) that run on them since its against the especially they are on US. It might be ripped off or there company might put at risk incase they allow this.

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Just changing the name of Facebook into meta won't be doing much if they don't try and change their image as well. Going into new sectors might be attracting new customers if they haven't been involved with Facebook before. Betting might be one of those areas to get new social media market shares. The question is what is the target group of Zuckerberg now. Does he want to be more active in the 20+ age group or does he want to focus on the younger geverstions. Facebook is more for the older generations, whereas Instagram focuses on all age groups except for kids. For a social media company to remain on top its crucial to involve the younger generations. Betting might be a big counterproductive here because the parents could become afraid of their kids to lose money with betting. Using the current market share to get into gambling is one way to boost profits, or try and increase the market share by engaging more people in social media.

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Quote from: mitchr4 on November 10, 2021, 02:16:29 AM

I think gambling games on Facebook have been around for a long time. Texas Holdem Poker from Zynga, I don't know if the game can still be played on facebook or not but I see they already have an app. In my country, this game was very popular, we could even buy or sell chips between players.

And I remember that people were buying/selling chips for poker! They have slots as well, and all other gambling games!

I guess Facebook is big, and it's not like they are lack money, so if they make a decision to get more involved in gambling they will do it! But, there's always that but, they will probably have problems with regulations! It's for their legal team to deal with it, and I believe Facebook has a big, high-paying, team of lawyers to sort it out for them!

I am not using FB for years, since they asked me to verify myself (KYC), so even if they have go this way it will be with mandatory KYC! So most likely I will not even consider trying them!

timerland

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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?

Well, in every single MMORPG there has been user created casinos.

I think that this will be no different to the FB metaverse - it'll be incredibly hard for them to regulate betting activity, but I don't think that they will actively partake in it.

That would just add fuel to their PR fire right now and it's not going to yield them much results.

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I think gambling games on Facebook have been around for a long time. Texas Holdem Poker from Zynga, I don't know if the game can still be played on facebook or not but I see they already have an app. In my country, this game was very popular, we could even buy or sell chips between players.

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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 am confident that gambling will continue to evolve in the Metaverse.

At the same time, the concept of gambling will be rethought. You will be able to play with friends and strangers. Moreover, the physical distance between you does not matter.
Also in the Metaverse, your avatar can have any form - centaur, hobbit or elf. Or mermaids, for example.

Money isn't the only bet. For example, the life of your virtual character. In the metaverse, gambling bets will not be money, but NFT.

At the same time, NFTs will not be encrypted pictures, but special programs that implement a special set of rights and capabilities in the Metaverse.

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Quote from: Woodie on November 10, 2021, 01:24:54 AM

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.

Quote

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.

Which facebook actually knows when to diversify to become successful. They wouldn't be attacked by the fake whistleblower if they are not successful although its not the kind of success that all will like, however.

Meta I think will be open to businesses just like how Facebook was before where companies can have an app using thier servers. If there will be gambling on it I suppose that's how digital currency can have its use. Hope to see DIEM be used in dice games.

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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.

Quote

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.

BitcoinAccepted

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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.

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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?

Topic: What would you think of Meta (Facebook) allowing bets in the metaverse (Read 485 times)