Topic: You have to prove that you can take the loss - page 10. (Read 1632 times)
You can take a loss if you allocating a portion of your money only, it's hard to take a loss if the money is coming from your savings and you are not comfortable at your losses, so if you want to prove that you can take a loss then you must prove that you allocate money that you are comfortable of losing.
Faking these kinds of information would be the equivalent of financial fraud right ? If so, people could even go to jail for faking this.
Absolutely. By doing that, if they got caught, they can get a double punishment, and that can make them in jail for a long time. If we talking about an addiction it's not about learning. Most gamblers are aware they are playing a rigged game, it's just that their brain is "tricked" into thinking it's having fun. Even if they are aware that gambling is bad, they have a sort of irrational craving that will not go away with education or past experiences.
The addiction always attracts people to play more, and even if they lose much money, they will still want to play more. What is in their brain is only playing gambling games, whether it's one game or more games, because they find something excited inside the gambling games.
I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.
Education my man, instead banning it, making all sort of regulations, isn't it easier to educate people and to teach them how to have fun and maybe win some money, but never to risk more they can afford to lose..Controling yourself is what you can learn to do, also you can learn how you can enjoy in risky gambling but to not get harmed too much if things go wrong way.
Restrictions, limitations, is not good when they are imposed.
They know what they are doing right now and they are not like 5 year old kiddos out there where you can still teach them and they will follow what you said. They will just follow if they experienced something bad that can change their lives for a long time or maybe forever. Educating gamblers isn't as easy as you said bruh. The best thing to educate them is to let them learn themselves. Let them experience the bad and good things about gambling and they are the one to adjust whether they will continue or not.
I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.
Education my man, instead banning it, making all sort of regulations, isn't it easier to educate people and to teach them how to have fun and maybe win some money, but never to risk more they can afford to lose..Controling yourself is what you can learn to do, also you can learn how you can enjoy in risky gambling but to not get harmed too much if things go wrong way.
Restrictions, limitations, is not good when they are imposed.
They know what they are doing right now and they are not like 5 year old kiddos out there where you can still teach them and they will follow what you said. They will just follow if they experienced something bad that can change their lives for a long time or maybe forever. Educating gamblers isn't as easy as you said bruh. The best thing to educate them is to let them learn themselves. Let them experience the bad and good things about gambling and they are the one to adjust whether they will continue or not.
Faking these kinds of information would be the equivalent of financial fraud right ? If so, people could even go to jail for faking this.
Indeed, especially if you are faking a government issued ID, that's punishable by law.
There's nothing thy can do if they are not allowed to gamble, as long as there's a low prohibiting them, they should follow or face the consequences.
The best option is to gamble in crypto, use VPN, and gamble on sites that does not require KYC.
IMO, this can be done though risky at the same time also on your end.
I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
And applying what you have just said, gamblers can fake their info event the government are proposing this it's still up to the gamblers
from how they wanted to be help, this problematic gamblers who are deeply engaged to this business.
They are in need of professional help aside from the one that being provided by their love ones.
I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.
Education my man, instead banning it, making all sort of regulations, isn't it easier to educate people and to teach them how to have fun and maybe win some money, but never to risk more they can afford to lose..Controling yourself is what you can learn to do, also you can learn how you can enjoy in risky gambling but to not get harmed too much if things go wrong way.
Fortunately, most people are capable of controlling themselves, and that's why gambling is enjoyed by millions, making their lives better. But people are different. Even the same people are different in different periods of their lives. So, I can't agree with your next statement:
Restrictions, limitations, is not good when they are imposed.
As I said earlier, gambling should not be overregulated, but, at the same time, we need some restrictions and limitations for our own good. We are not perfect.
I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
I think proving that you can afford your losses will be much easier than creating alts and using fake I.D.'s, which will lead to other offenses when caught. It is not actually the government's responsibility if people ended up getting addicted to gambling, that is why there is sin tax that is imposed to any gambling income which is higher compared to any other taxes, to discourage people from gambling. People are expected to be responsible for their own money and actions.
which is actually non-sense because its just too small.You are definitely right when it comes to tax on where these businesses do really give out one of the biggest part yet we know
on how much revenue they do generate on annual basis.If they arent really that much to care on that then they will really be imposing this kind of rule but i dont really believe
that they are much of concern into their citizens.They are just slowly or gradually trying to get rid of it for sure.
I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
I think proving that you can afford your losses will be much easier than creating alts and using fake I.D.'s, which will lead to other offenses when caught. It is not actually the government's responsibility if people ended up getting addicted to gambling, that is why there is sin tax that is imposed to any gambling income which is higher compared to any other taxes, to discourage people from gambling. People are expected to be responsible for their own money and actions.
I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
I thought this cap might be small but I don't think I would be doing what you've said. Its not worth it. The fact that you will be sending funds or bitcoins in that accounts would be really annoying to do and it is not worth my time finding informations to prove KYC I am legit, some doesn't even need one. Still, not worth it, I could use the fees I will be using on that to gamble in one account.
I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
And applying what you have just said, gamblers can fake their info event the government are proposing this it's still up to the gamblers
from how they wanted to be help, this problematic gamblers who are deeply engaged to this business.
They are in need of professional help aside from the one that being provided by their love ones.
I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.
Isn't it a wrong timing for government to impose regulation to online gambling? Yes we need to protect people who became addicted to gambling, but we could do it by having advices and ads that will help them reduce gaming activity especially if they are losing. Because having a cap with regards to losses is unfair to casinos (House), gamblers could win allot but could limit loss. Plus, in this pandemic, we need tons of taxes from online casinos which could help our economy's sustainability. I'm sure most of the bigtime gamblers aren't really having a financial problem, the just want to have fun, then let them.
I think not because news talk about the rise of gambling online which resulted to higher bets and higher risk to its consumers or the community where government had the mandate to protect. The government action is to control all the possibilty of fraud activities or minimize at least the gambling effect to its users. National security also should be protected and government needed to act ahead before any national threats could arise. Other dark sides in gambling are backed by the terrorist and will be a to for them to get more resources especially to get more funds. I do think that the regulation will bring a problem to the government when it comes to implementation since as the quoted reply stated, most of the online gambling are based in tax haven territory. Aside from that since it is online, a citizen of a country can easily access the site and play in it without licenses needed to that country. So the problem lies on how they can regulate online casinos if a country doesn't have control on where that casino is base from. More or less blocking the site would do but it can be easily solve by using tor and vpn.
I agree regulation is not a problem for the consumers for it is their safety were being after in this regulations. They can be protected and file a complain against any online casino that are not following or violating rules to which affect the consumers in their gambling activity. This is the mere purpose of regulation. However, regulation may become a problem to the online casino for they should folloe rules and regulations and submit theirselves with transparency to the government. Besides, they need to pay also the government that add their problem with the government regulations. Mostly user or people do not like regulations are those owners of online casino gambling. 
This regulation might be problematic for some , for sure now the crypto gambling sites will receive a notice and let's see what would be the height of regulation.
Do you really think so?
Crypto sites are based in tax havens and operate on the basis of loopholes to say the least. They don't usually hold gambling licenses.
It is more likely that they get a notice for operating without the gambling license than for that regulation. However, if after so many years operating in the dark, they haven't received it, I don't see why they are going to receive it now.
I don't know why this has been overlooked for so many years. Maybe it's a mixture of not understanding and downplaying the importance of crypto casinos, but the moment they realize their importance they will force them to buy licenses or they will block them.
I do think that the regulation will bring a problem to the government when it comes to implementation since as the quoted reply stated, most of the online gambling are based in tax haven territory. Aside from that since it is online, a citizen of a country can easily access the site and play in it without licenses needed to that country. So the problem lies on how they can regulate online casinos if a country doesn't have control on where that casino is base from. More or less blocking the site would do but it can be easily solve by using tor and vpn.
Isn't it a wrong timing for government to impose regulation to online gambling? Yes we need to protect people who became addicted to gambling, but we could do it by having advices and ads that will help them reduce gaming activity especially if they are losing. Because having a cap with regards to losses is unfair to casinos (House), gamblers could win allot but could limit loss. Plus, in this pandemic, we need tons of taxes from online casinos which could help our economy's sustainability. I'm sure most of the bigtime gamblers aren't really having a financial problem, the just want to have fun, then let them.
I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.
Education my man, instead banning it, making all sort of regulations, isn't it easier to educate people and to teach them how to have fun and maybe win some money, but never to risk more they can afford to lose..Controling yourself is what you can learn to do, also you can learn how you can enjoy in risky gambling but to not get harmed too much if things go wrong way.
Restrictions, limitations, is not good when they are imposed.
I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.
This may not be sufficient but this might help, complying with the requirement to prove that you can handle your loss or to gamble further after reaching the 100£ cap will limit gambling addicts, especially those who are in the lower-income households. Anyway, the government can always change the rules or prohibition depending on the circumstances or what can be beneficial for both the government to collect taxes and to limit gambling addiction.
I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.
This may not be sufficient but this might help, complying with the requirement to prove that you can handle your loss or to gamble further after reaching the 100£ cap will limit gambling addicts, especially those who are in the lower-income households. Anyway, the government can always change the rules or prohibition depending on the circumstances or what can be beneficial for both the government to collect taxes and to limit gambling addiction.
As practice shows, government agencies are absolutely indifferent to the effectiveness of their work - so you think about such details, but those who promote such regulation do not. That is why I am in favor of reducing government regulation in all areas (and in gambling too), since it is ineffective.
Of course the government can do it, but they dont want to change the rules they have made. Many rules from all lines of government must be changed, but who cares. People are those who have to comply with government regulation and anyone who violates them will be sanctioned. I would also argue that if thats for the best, reducing the rules might be a socially acceptable solution.Jump to: