Bitcoin Forum

With how much CBDC's are being developed for use as a legal tender, do you  think there is a future for gambling with CBDC's?

Last year (2022), Macau which is popularly known as the gambling capital of the world due to it's booming casino business were planning to give CBDC's the status other accepted Legal tenders had. It raised the question of it this will prompt casino's in the city to begin accepting CBDC's for gambling?

The government in Macau did not say when;
But it is something to expect.

If Casino's in Macau begin accepting CBDC's, It may prompt other casino's to follow suit especially in places where CBDC's already have the Legal Tender status.

Gambling Capital of the World Macau to accept CBDC as Legal tender (https://www.cryptotimes.io/macau-to-accept-cbdc-as-legal-tender/)

CBDCs are not cryptocurrencies.

Non of our concern here with fiat, CBDCs are just fiat and nothing more. If any gambling site begins to accept CBDCs which is what would later happen, they are still just accepting fiat. Our concern here is crypto, not fiat.

CBDC is legal tender (once it will be emitted)... so for sure ... casino will accept it! it's also their interest and probably it will become one day the only form of payment in a casino.
The only chance to see not accepter is a scenario with casino/betting illegal/banned.
But I think this is something impossible for the next decades :)

One of the features presented by CBDCs is the fact they are highly traceable by the regulator body behind it.
For some gamblers it may not be an issue, but for others I believe that is a big cons, therefore they will tend to avoid gambling with CBDCs, still going for fiat (as we have right now), bitcoin and altcoins (especially stablecoins).

Everyone who have concerns regards privacy will try avoiding this category of currency, and in case CBDCs find a fertile land in gambling industry, it will mean most gamblers aren't worried about their funds and financial routine being tracked by the Central Bank. So let's see.

Exactly. a lot of people are misled into thinking that CBDCs are cryptocurrency because of their digital nature but at the bottom of it all, they are fiat through and through. Although I would agree with OP in a sense that this still warrants some form of discussion to be made since there's no restriction in this forum that states you can't talk about anything other than cryptocurrency gambling in the Gambling Discussion forum. But I digress.

CBDCs are still a little infantile and are still with its fatal flaws that makes it unappealing to the people who it would cater towards. For example, unlike cryptocurrencies, and sometimes even unlike greenbacks, CBDCs are highly traceable and are able to be tracked down right from their minting, that wouldn't sit well with a lot of people.

If the casino is regulated we might see the ease of use of the CBDC wallets. There is no need for KYC because you already have KYC on it and they wouldn't need to verify things, they already know what you are doing.  CBDC might even send a direct message to your wallet congratulating you for winning a slot game. But I guess the budget allocated for gambling spending is also regularly monitored.

Even if it's not really a crypto at all and just the same as fiat or digital cash, I guess that there will be adoption on it as well.

So if gambling focused countries or areas like Macau, Vegas and other popular gambling places. If their government enforces them and pushes them to be required to accept CBDCs, they can do something about it?

I don't think so.

And that's why, there's also a possibility that they'll just accept it but it depends to their gamblers if they'll massively adopt it or still prefers to gamble the traditional or crypto way.

Whether we agree on the implementations of CBDCs or not.
We cannot deny that if they are implemented in important markets like the United States, Europe or China (The E-Yuan is already a reality), it would mostly likely mean that casinos will start to take them in exchange of credit/chips/or money on their websites.

It would be kind of weird if the CBDCs were not welcomed in the casinos as an adoption, tho. Considering the huge adoption the governments of the world are expecting them to have.

Of course, while casinos are not forced to adopt those electronic FIATs and ditch Bitcoin and other cryptos, one could argue that more options are convenient, but it would be very sad and outraging if regulators pushed laws to only allow centralized coins minted by central banks to be used for gambling on internet...

This will not impact the casinos in Macau since we are talking about the so called capital of gambling as for me there is only one real capital of gambling and that is definitely Las Vegas,the casinos won't have a difference as CDBC are so called,kinda like e-currency but they are not cryptocurrencies and as such the casinos will continue to do the same,they will exchange those e-currencies for house in chips and something similar,or maybe they will be used to pay for accommodation in the bigger casinos which have also big hotel suites,I don't see any impact for our realm here,for the cryptocurrencies so for me whatever happens with CDBC is none of my concern as I will never use them.

US hasn't launched CBDC yet. This could be big for the Chinese visiting Macau and it might not take long when it's also going to be implemented in Hongkong. It's a known fact that China is the first to have launched CBDC.

Their CBDC is linked to Alipay or Wechat AFAIK so they can deposit electronically going to thier CBDC making it convenient. If they are advertising CBDC still and probably airdropping RMB is probably because of fewer users still.

I love a private gambling life and CBDC can't give me this because of the centralized system and you will need KYC which might be a risk to your identity. Cryptocurrency keeps gambling private if you chose to be private. CBDC is fiat but not a touchable one so if governments implement such law,I don't think the casinos will have any option than to accept it because they have a regulatory body. Looking at the critics of government on bitcoin, I think a time might come when government will tell casino operators to use CBDC for gambling.

It sounds, as always, that this is in the most basic and early stages of becoming a possibility based on the information in that article. Anything connected to China is also going to be a grey area, good luck getting your money out if a company goes rogue or they simple decide not to pay you or a politician decides to change the law one day. The fact that China has banned Bitcoin shows they are clearly against the whole idea of cryptocurrency, which fits in with their theme of trying to centralize control of everything, which has been shown to fail many times throughout history. It will become an interesting story when a more free and structured government starts to allow this functionality.

Well accepting a form of fiat money that maybe exist in the future is just preparing for the future.
Working and adopted version of CBDC doesn't exist yet and they are already thinking of banning whole concept in USA.
Now if there would be zero knowledge based CBDC they wouldn't need to do that but i don't think those people are educated enough to understand why.

But accepting fiat money distributed via new tech isn't really news imho. We don't yet even know what that tech is going to be.

True, it's just like fiat to me, and it's not to have the true definition of crypto. So in any case it will be rolled out and casinos are going to accept it, then it's not going to be surprising to us. And so by definition they should be of legal tender already as it is back up by government. They might have to developed let's say a slot machine to read QR code or something to that effect if CBDC's are going to be accepted. On the other hand, it's going to be easy for anyone to be track with their CBCD, that's already a fact so anyone whose going to used it in casino will obviously leave their footprints there. Regarding the question of it being universally accepted by casinos? sure, everything that people are willing to used in a casinos then they are going to accept it. If BTC will be the next trend for them? yeah, the same, it's business for them, so it's normal and not surprising.

Exactly and this is why this news isnt really that something interesting because we know that CBDC's = Fiat which it isnt really that something new.We community would really be that interest if ever this one talks about

accepting Bitcoin and other altcoins in the market would be something that would really be that interesting but this one talks CBDC's.. nahhh... This isnt something that look interesting.

This wont really be that a good news for us crypto community.They cant accept all they want but it would be great if crypto overall would be reconsidered.

In what ever way it is or what ever way they try to portray it, CBDC can never take the place of cryptocurrencies, there is a reason why many of us love cryptocurrency, it's not for the fact that it's digital, but it's decentralized nature is one of the reasons why CBDC can never replace crypto..

So no matter what, gambling with crypto currencies will always be, even with CBDC present or not, crypto is here to stay, CBDC can't take crypto gambling away.

USA made the first step in raising concerns about a CBDC and banning it. But I think there is also some political reason behind it in face of the competition with China. Criticizing China politically while adopting a fiat currency system that is used there for surveillance reasons might not be a very good selling point for an administration.

As for casinos, I guess they could be forced to accept it if they want to get the required licenses. But that won't make casinos disappear as decentralized prediction markets will at some point be mature enough to work at scale and in a decentralized way anyway. That's when crypto will still be the first choice for many.

The problem might be when a player has to prove where winnings come from. So regulation could still be a pain in the ass.

There's no doubt CBDCs, once implemented, will also be accepted in gambling. Because why not? In the first place, do these gambling businesses have a choice? CBDCs are the digital versions of fiat. If the government declares that a new CBDC is now in full implementation, it is automatic that commerce, all business establishments including casinos and other gambling businesses, will also start accepting it.

CBDC is just a payment option, there's not so much change,

I think if there's a casino want to accept CBDC, they will end up like online fiat casino where they need to follow a whole rules and regulations because it's will be more strict since the government have a track and access with their CBDC. They can easily identify which person gamble on the casino through their private blockchain.

Anyone who want to gamble using CBDC need to understand if they will not have any privacy.

the future of gambling using CBDC could be yes or no, it depends on the enthusiasts of the gambler there if there is increasing interest in the gamblers using the CBDC I think there will be a future of gambling using the CBDC,
but if gamblers' interest in the currency declines, it may be difficult to have a future gambling using CBDCs.

I agree with the majority here, it's just a digital copy of fiat so it will be accepted by casinos not just by Macao by all over the world. And for sure government might be pushing for it as we will go cashless in the future, although there are far more advance nation in Europe already that are going cashless and digital.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

CBDCs may move forward but what you need to understand is that they will never become part of society like fiat money.
Have you forgotten that in the past many crypto users also assumed that crypto could be like fiat money where it would become part of society and could be used in all places but in fact until now it is still controversial and there are always conflicting laws regarding crypto made by several countries.
The advantages and disadvantages that we can get depend on our own use and use.

CBDC is a product ^(fiat) issued by the government with the intention of tracking all transactions of its citizens, so if i am forced to play gambling with the obligation to use CBDC then i will leave the gambling place ^{(online or offline)} and go to one that does not require the use of CBDC.

in the future, seeing the size of the gambling market, i believe the government will require gambling sites to provide deposits or withdrawals with CBDC.

I have no problem with gambling websites accepting CBDC, the only thing that can cause a problem is CBDC making all gambling websites and locations to only accept Fiat and CBDC to get rid of crypto as means of payment, I believe this will never happen, online gambling websites are all open to any means of payment to make things easier to their users, so it doesn't make any difference, I am even thinking that CBDC may perform woefully vs Fiat, but only time will tell.

CBDC is not a digital copy of fiat, according to what I have read and according to some posts too, CBDCs are basically fiat. I do not see CBDC as a way to move forward in gambling, I can easily use fiat digitally to gamble on casinos, CBCC offers nothing new. The supported countries can easily transfer fiat to gamble on a betting site, it takes just seconds for it to be processed, there is nothing new CBDC would add. We have cryptocurrencies too, which are far better and CBDC is not better than old fiat.

I do not think so, people are more acquainted to traditional fiat.

If CBDC exists it is likely that casinos will adapt and be used for betting and CBDC, fiat and crypto have similar uses and I think casinos will accept them as all three will exist and can be used for betting. And anything that is valuable and lots of people use it, the casinos will follow suit and most importantly valuable and profitable.
CBDC will not reduce players who use crypto to bet because crypto is still the best, fastest and youngest in transactions or payments.

Crypto casino has a choice to not adopt CBDC because the current licensed crypto casino in this forum didn't always accept fiat on their site. When CBDC or fiat money is accepted, the casino might ask KYC during registration or before the user can make a deposit. This make the casino is really strict with their regulation, many gamblers are tend to avoid these kind casinos and rather to choose temporary no KYC casino.

It's simply fiat, so I don't think theres any reason why it wouldn't be used in gambling. Especially if you consider how the government would have transparency woth regards to which money comes in from where in every gambling business. I doubt crypto casinos would implement it though, unless required by the governing body over them. It technically isn't crypto after all, it's just digital fiat.

CBDC is an idea that almost all the countries in the world have agreed on - to launch their own digital currency, to defeat crypto dominance in the world. So will this CBDC be adopted by businesses like this casino? I think this is very likely to happen, considering that casinos are a legal business operating in Macau and they have to comply with the Macau authorities who will launch their own digital currency. Not even just in macau, I think the majority of casinos globally will probably support CBDC on their platform and they can't refuse that.

Since it is a digital currency that is built on Blockchain then accepting it should not be a problem since the government are in charge. Just like China, they encourage business to do transactions with there cbdc digital fiat which had been into existence for long now. Many countries are creating there own cbdc for businesses to use it so to make there currency strong. We should not be surprised seeing gambling sites accepting cbdc from gamblers from different regions.

That will be the case for countries like China, I mean they are the authority so they can imposed that to their population and they don't have any choice. But for other countries, maybe the population will used it maybe not.

For gambling, still up to us whether we want to used it or still remain with the tradition money that we used to.

But yes, we are going cashless in the next future, so most likely CBDC will be used by the majority.

The real question isn't whether or not CBDCs have future in the gambling industry. The real question is will the central banks allow CBDCs to be used for gambling. I hear theories that CBDCs might have an "expiration date" which will force the users to spend them before they expire.
I also hear rumors that the central banks will be able to track and control all CBDC transactions. This means that some CBDC transactions might be considered illegal and banned by the central banks. Gambling is considered illegal in many countries, so I don't think that CBDCs implementation will be a good thing for the gambling industry. Perhaps many online casino would just stay away from CBDCs, because of privacy concerns.

There's none for now base on what we can see, consider how many countries have adopted CBDC, the number of people from each country taking advantage from the use of this CBDC, as a matter of urgency consideration, gamblers prefers using bitcoin or any other cryptocurrency for gambling than digital fiat, also I don't think many of the gambling casino's have been made it a take on enlisting CBDC among their coins they support it's use for their online casino gambling.

I don't see any problem with online casinos accepting CBDCs if they are already accepting fiat payments. It should be an easy transition or addition to the deposit and withdrawal option. They are probably just waiting for the proper rules and regulation from regulatory agencies before they implement it.

Credit cards and Debit cards didn't exist before but a lot of people prefer using it now over the physical cash.
Volume of transactions in online payment gateways have also risen in the past few years.
CBDC? Government can also entice or force the common people to use it just like those two above. We're already in the digital age so don't doubt their capability.

Just like bitcoin, CBDC has its place and a future in gambling. However, we should note that they are not as the same as bitcoin. One is centralized, backed by the Central Banks of Countries, the other is decentralized and backed by the will of the people. However, when compared to fiat they are both secured from hacking and other financial frauds.

If you ask me, gamblers would prefer to use Bitcoin for gambling which is more anonymous than any CBDC. So although, it makes sense to use CBDC for the afore mentioned reasons, it's future in the gambling industry will be dependent on it's adoption and listing in online casinos.

We also need to keep in mind that if CBDCs happen (depending on country by country of course), it might be the only legal tender we are dealing with. I think the long-term idea of the CBDC introduction is to get rid of cash and to implement a digital surveillance infrastructure for all things related to payments. There is no better option than state or central bank controlled digital money. Even if they claim that privacy is important, we all know how that is going to play out in the end. Laws will be loosened, exceptions will be included, and more discretionary power will be awarded to authorities. Casinos could quickly become one such exception as the claim is that everyone who is playing is probably washing money or evading taxes and there you go, all transaction from and to casinos are made visible to authorities for further investigation. That could even be automated.

Cbdcs are really just that e-fiat because each country could really create their own but i dont really see huge differences in between fiat this is why i dont see much difference if we do speak about

gambling industry to be applied on this one.It would really be that great for those who are been using it but there's no such that difference since its government regulated.

Unlike if they would be accepting out decentralized crypto then it would be always great since there's always a market for that.

I'd say it's a big YES....
As much as I know, the world is evolving and everything seems to be affected temporarily or permanently as the case might be..
CBDCs are simply the same FIAT we're using currently, .... although they've been made to look like crypto - in terms of Trnxs and means of operation -- but anything that's managed by a certain organization and doesn't have a Blockchain in charge of every trnxs and record keeping isn't crypto.... It follows digital processes doesn't mean it's BTC itself.
On the other hand, it will not just be a part of gambling but it might even affect the process and create some restrictions, Which are stictly unwanted.

Sandra 🧑‍🦰

If CBDC becomes a thing, then yeah, highly likely it will play an important role in the gambling industries in the future. Like you have mentioned in your post, Macau's move to consider CBDCs as legal tender could be a significant step in that direction since Macau is a major gambling hub and other casinos from different countries will likely follow them after observing how the casinos on that country is performing. CBDCs might be faster and cheaper, but if people are concerned about privacy, highly like people will avoid it. But then again, most casinos now requires KYC, and people still plays on those casinos, so privacy won't be an issue for majority of the people.

I think it will be as you say. The first to implement deposits with CBDCs will be fiat casinos.


You seem to forget that in most parts of the world gambling is allowed and governments make a good profit from it. CBDCs are programmable and as such things can be done with them that we will see if they end up being implemented but what does not make sense is that governments that allow gambling, have regulated it and charge taxes for it are going to block gambling with CBDCs.

Saying that CBDCs are backed by Centrals banks is the same that saying they are not actually backed by anything at all, but trust.  :P
Also, I am not trying to be pessimistic but if things continue to go this way with the mempool congestion and the ordinals, I would not be surprised if some gambler would rather to switch to CBDC's and their (expectantly) instant transactions. These fees in the Bitcoin network are simply not suitable for those who want to gamble and do not have big pockets, in my opinion.

No way to transfer 5 bucks in BTC onto a casino to try it.  ::)

Maybe CBDC has a good future too but I don't know because it also depends on the approval of each government. If they don't allow CBDCs, gamblers will revert to their previous form because that's what made them comfortable depositing and withdrawing their money.

But crypto gamblers will probably still use crypto casinos to play gambling. They will not switch to using CBDC or other forms because they have found comfort in playing gambling. But it seems that the development of CBDCs in the future, especially for cities that allow gambling, can be faster than in other cities.

Right. These CBDCs is just a form of fiat currency, and it’s still backed by a central bank. So it won’t be surprising if in the long run CBDCs will be accepted for betting in legal gambling casinos. Unlike bitcoin, it’s totally centralized so the government would always want to make it a legal tender the moment they want to impose it. However, I’m still not seeing it that gambling casinos would implement CBDCs for betting, but maybe in the future.  For now, since there are known crypto gambling casinos, they would still prefer to accept cryptocurrencies than CBDCs.

The pros is the ease of gambling, they can just literally use their phones to gamble.
But the cons are like you said. Privacy. They will be snooping at your gambling activity and usage of your funds and I doubt they will just sit around and watch you waste all the money until it's depleted. I bet they will try to control it by putting a restriction once you are getting low in balance, and that way you will be forced to deposit more.
That won't be cool for gamblers who like to gamble their way until the end. Zero. Rekt. When you are being monitored, you cannot feel the excitement of going all-in.

CBDC is just a regular fiat that use the blockchain technology. Major casino accepts fiat currency on their deposit option so I’m sure that CBDC will be added shortly if there’s already a demand on it. Most of online casino start on fiat deposit only and they just expand on crypto due to the good market. This is same case with CBDC if this currency will be widely use globally.

Casino is already implementing KYC which is the number requirements of CBDC since this currency is fully regulated by the law.

The question of cbdc being accepted in casino is still early and hasty because it is not all countries that have even accepted to adopt bitcoin transaction. And the currency to use in an online game should be used by many other countries to be able to have access to deposit and withdrawal. Even at the moment,  it is not all cryptocurrency is used in casino so using of cbdc will be jurisdiction based if that will happen in any case. That means some countries will be restricted from using their own cbdc.

I think that gambling with CBDCs will not be possible in countries that are against gambling. And even the countries that currently are ok with gambling, they will eventually exercise their power with the technology behind CBDCs to determine what you can buy, cannot buy and what you can and cannot spend your CBDC tokens/coins on. The governments would already enforce this kind of control if they could. But they currently cannot.

I think we should keep pushing against CBDCs. Unless we all want to live in China and be under total dictatorial financial control.

it'll vary a lot from country to country
since the gambling laws also vary a lot
but I don't see why a country that allow gambling would change anything with CBDC or without it
it's just another way of paying in the end (with way less privacy of course)

Isn't it obvious that CBDC is one of the future legal tenders in gambling?  The government had been studying and developing its CBDC.  Once the preparation is finished, they will implement it for their constituents and institution.  It is just a matter of time to hear that CBDC is implemented as a deposit option in all casino platforms.  The technology is going in that direction, it just needs proper regulation and laws before it is implemented.

 

Lol, isn't it obvious?


For those countries that allows gambling and had developed CBDC, it is an obvious course that they will allow the use of CBDC in their gambling platform.


It is not on us but on the government.  When did the government listen to its citizen when they think the request is not benificial to the state?

Well, it is very possible for some countries to force the use of CBDC on its citizens if citizens are weak, though this have nothing to do with gambling, but everything to do with cryptocurrencies in general, it is the same thing the Nigerian government tried to do to us, seeing he rise of bitcoin and its usage in my country, the government introduced e-naira ( a digital form of our normal Naira notes), and banned cryptocurrency trading in the country , their way of trying to force everyone to embrace e-naira, but unfortunately for them, e-naira currently seem like a failed project already, as no one in the country seems interest in it.

It's like the actual money so I don't think that they'll refuse it to be used in the gambling industry so, it's most likely that it will be used.
But for us gamblers here, we know that it won't be a matter whether the government refuses or not, we have other means of gambling and that's where we've started and that's with the use of cryptocurrencies.

I agree with you and CBDC are fiat and that it shall remain and I really don't think crypto gamblers will easily accept that and beside gamblers are looking for a more decentralized way through which one could carry out their transactions without so many other third party monitoring and if you'll agree with me , you'll understand that CBDC isn't decentralized but rather centralized and I'm sure it wouldn't be accepted over here and also Nigeria introduced their digital currency (E-Naira) and it seems no one actually used that currency and I'm sure that might be the fate of CBDC.

I wont be having an issue with undergoing KYC if the casino make them mandatory because i am not gambling from a casino which is situation in my jurisdiction nor my country and hence i do not worry about the government following all my transactions but that wont be the case with CBDC as it will be monitoring each and every transaction and the data will be with the government and it is not a fair situation.

Governments are certainly very interested in this rapid adoption of CBDCs by casinos, it would end tax evasion, give governments much more financial control and greatly increase their revenue.

Traditional casinos could even benefit from greater user adoption, as I believe it would be easier to make financial contributions and withdrawals compared to traditional Fiat currencies.

However, in casinos that already use cryptocurrencies, I don't see how this adoption of CBDCs could help.

Yes, it is. As long as there are benefits that casinos can obtain, casinos will use them. Especially if the government supports it, it will make the casinos even more eager to implement it because it's the same as they can get support from the government so that casinos can make them even bigger.

We crypto gamblers already have the choice of using crypto to play gambling. And even though the casino eventually implements it and asks us to obey its rules, we can still play gambling in other casinos.

Cdbc is government issued, so ofc it will be legal tender rather than 'if'. Regarding acceptance, I think they will. Cdbc is better than crypto for governments too keep track of.

In fact, some gambling places in Macau are now planning to accept them as a legal tender. I think that was pretty quick compared to Bitcoin when the currency is already here many years ago.

Well, with according to how you differentiate them, I guess I wouldn't really wonder on why CBDC easily gets this status of legal tender, that is because they are backed by the banks while there are so many banks and governments who are allergic to Bitcoins but it was still great that there are already a few countries who made BTC a legal tender. We can still use our BTC online and on online gambling if not on the real world or brick and mortar casinos.

That might happen since casinos are regulated and they'll just have to obey and adhere to whatever the government will tell them to support. So, as part of CBDC adoption and usage, it's very likely that it will be used through it. But then, there have been hot eyes on the casinos and they might think of money laundering and that's gonna be an ugly impression into it so it could also be slashed to that usage. Well, it's up to them and only them can decide whether they will allow it and be enforced or not.

People in the USA are planning to create their CBDC and so does there are plans globally and these government are expecting to come out with a plan that could control the people as they will be able to monitor each and every transactions made. So are you claiming that every country is trying to be a dictatorship, if so then it might be true as how things are going with Europe and the US in the past several years.

I will never user CBDC to purchase anything as i consider privacy more valuable than using government controlled centralized currency.

Since CBDC's are not really any different than FIAT, the casinos that don't accept FIAT won't accept CBDC's too. Fundamentally CBDC's and FIAT are both the same thing. If a casino gets into trouble for accepting FIAT or any players from the United States, that casino will experience the same problems if they accept CBDC's as deposits. I don't really see how CBDC are a game changer. Online crypto casino should stick to legit projects like BTC, ETH, DOGE, LTC etc... They have already proven themselves and they work just fine. Just don't do any business with the govs and let them implode.

CBDC can be a game changer if the government ban the whole stable coin, the worst case they ban all cryptocurrencies including Bitcoin. If the government force their citizens to use CBDC, we have no option because we can't reject it, especially if there's no cash is used anymore.

However I'm not supporting CBDC and I just hope the government will not ban all cryptocurrencies because it will create a huge panic.

Yes, of course, every casino that has a good adaptation to technological developments in currency, of course they use several alternative tools or gambling currencies on their website, I think it will have great potential to be adopted by bookies to add to their services, especially if they have received the legal tender. it is very possible in my opinion, after all both crypto, fiat and CBDC as bookies will definitely take steps to their advantage by providing several currency options that are provided to their holders that will make it easy for customers to choose and gamble at their gambling.

Do you mean all governments of the world? I don't think it's possible the gambling industry serves its players and the regulators' role is to ensure that bad actors will not use the industry for their illegal activity like money laundering.
The casino industry is ok with using Cryptocurrencies and it's their choice not imposed, regulators cannot just impose something in the industry that can affect the whole operation, casinos may accept CBDC as one of the options for their players, and their players who will choose if they want to use CBDC or not.

I am also on your side, CBDC is just the digital counterpart of their fiat.
So if the casino is crypto-based and not accepting fiat, then, they won't accept CBDC as well.
I don't know how it will be a game changer. But if the fiat-based casino will start accepting CBDC, then, later on, they may accept crypto if they haven't done it yet.
Macau casinos (land-based) are accepting fiat, if they will accept CBDC, then, high likely, they will soon accept crypto, which is good for the crypto market.
But remember, one is not free from the submission of KYC docs when you use CBDC as it is the same with fiat, you are just using a digital currency of it.

This could happen and government's wish for such a level of adoption. When CBDC is the only option people go for it. This will let the government to have direct control over every person's transaction. This could affect user privacy and we can see decline in the number of users into gambling. Majority wants privacy and for that reason most gamblers look for alternate or just start visiting real casinos.

But that will only happen for other casinos if they think that there's a sufficient demand for it. It's like that they'll just wait for the result of it and if there's a certain demand that they need to meet from this adoption then it would be no brainer for the other casinos to do the same.
Thus, governments can just easy impose this to their local casinos if they've got CBDC to be adopted so it will increase the demand of it. IMHO, it will take time until there can be some good feedback on it but with probably pilot testing of it, these casinos and its gamblers would likely to have an unsatisfying feedback about it.

I disagree with you, because usually casinos don't accept fiats to avoid getting troubles with banks, they don't like casinos because they can wipe out their customers funds very quickly.  But CBDC won't use banks and only central authorities from their own countries will be able to block transactions. So users will be able to send their funds and to receive them directly from their wallets at anytime without giving any order and justifying anything to their banks.

If there will be government issued CBDC, gamblers can use if for playing and betting. However, there will no restrictions that we have to use CBDC for gambling and cannot use bitcoin or crypto for gambling.
However, i would take it in a positive way as there are still many gamblers who do not believe in bitcoin and want to bet using dollars or their own fiat money. Now those people can use digital money for gambling too, hence the online crypto based gambling sites can attract more players through CBDC.

There would be no restriction since these things are considered or be treated like e-fiat which the government had mold on which it would be understandable that you are dealing up with something which is regulated and been allowed.Yes, there's no limit and there would be no hesitance on making use of it but on the time that you are owning big amounts then dont get be shocked if governments eyes
would be on you.Honestly, there's no shocking thing about using up CBDC or they would decide on adding it up because it would be no to little difference on using up fiat.
What matter most is on making use of crypto even more than with these cbdc's.

I won't use CBDCs for gambling. It allows you to be tracked and get a lot of information from you on how you spend your money. I'm fine with using them on other daily purchases, but perhaps not on gambling. Cryptocurrencies is what you want to use if you want to enjoy your gambling escapades. It's way easier, less complications, and provides you some level of anonymity that helps you keep the governments at bay. They might have your KYC information on the site, but they don't know how are you spending your money because you don't use what they want you to use.

This looks like the potential for the future, but we can't avoid the fact that gambling is can still be restricted with the country even having and using CDBC. it's not easy if we try to force it, because the government must need a change in law and even amendments to the constitution.

And, I think the CDBC is Maybe good for gambling sites, because people who use CDBC already KYC on the central bank, and the site doesn't wash time asking for the KYC again.

Ironically, I can see that after the implementation of the CBDC's there will be some casinos which will open and they would advertise themselves as non-KYC but they will only allow people to deposit though those CBDC's.

It may be an effective strategy to lure people who would not be very informed on how those centralized digital coins work to track one's information. The sad thing is that it could work and many would not see attractive to register and submit their information in a crypto/Bitcoin casino in order to deposit, when they could opt to deposit and gamble instantly with those Digital Dollars.  :(

I could be attractive for future generations of gamblers which could demand things done faster.

Besides it is not as if those casinos or anyone else will have any other option, CBDCs will be legal tender, and that means that everyone living at a country in which their government has created their own CBDC is obligated by the law to accept them or face the consequences, so it is not like fiat casinos can refuse to accept them, and as such CBDCs will go from having no adoption to being accepted by almost all businesses as soon as they are released.

This might only work to traditional casinos but in crypto, I doubt on this as we still prefer to use Bitcoin and other top coins instead of using their own token. This will also require another regulations and KYC process which physical casinos usually do to their players. If they will accept this on their online platform, make sure to read the instruction to avoid being locked due your ignorance about its rules and regulations. Let’s see if casinos will fully adopt CBDC.

I don't think they can ban crypto at this stage. Coinbase and Gemini are regulated legit crypto exchanges that pay taxes in the US. Banning crypto would mean destroying these big companies and any other business that depend on these exchanges. Lots of people will lose their jobs, lots of enterprises will go bankrupt and the capital will flow out of the US. The US will lose its best attraction point for the entrepreneurs. The US gov can't afford this. Crypto is here to stay, with or without CBDC.

I think the bright side if the casino want to accept CBDC is the casino wouldn't scam and if they scam, the government can easily trace him because the owner must have conduct KYC verification before accepting CBDC. So anyone who gamble on this casino doesn't need to worry if the casino will turn scam at anytime. But don't be surprised if you have earn a lot money through gambling, you can't withdraw all of your winnings because some portion is to pay tax.

Yes, it could trigger money laundering using other forms of money, especially if the casino doesn't report its finances in detail. But if the casinos obey the government, maybe the casinos will use CBDC and leave the old methods because of the regulation. But I don't know whether this method can comfort gamblers because if they feel uncomfortable, they will move to another casino. And even though the adoption process is starting to increase, it depends on each gambler because they will feel that comfort later.

And what's good for them is if it's registered on their issuer which could be their central bank and it's got a traceable item or code then they'll be able to figure out if it's been used in money laundering or not. But I don't think that it will be quick that they'll leave the usual methods that they've got. The more, the merrier in terms of accepted payment methods and that's favoring more their customers instead of abandoning one method where their customers have been used to.

There's a big difference between them and that is CBDC run's in the blockchain (just like a typical crypto.) The other and most obvious one is CBDC is digital. Apart from CBDC we also have stable coins here in the world of crypto which have a characteristic same with the fiats. If a non-fiat casino or a crypto casino allows stable coins then why not CBDC?

Other crypto casino did even accept banks, visa cards and other payment methods which are close to fiats. CBDCs aren't a game changer anymore because we already saw what they can do in the stable coins but CBDC is considered legit too and they are in fact more trusted by the banks and governments than the standard cryptos that we have these days.

My point here is that currently, we have crypto-based casinos and fiat-based casinos. The crypto based casino do not accept fiat money while fiat based casino do not accept the crypto. However with CBDC this gap can be brigued because CBDC will be digital based money but also fiat money, it can be integrated easily in crypto based casinos.

So overall CBDC will bring more business to online gambling casinos and it will also make the payment quicker and better.

It's a double-edged sword. There are a lot of caveats that come with using CBDC's in general, let alone for gambling. One aspect of CBDC's is the essential removal of anonymity. You can not expect to be anonymous when using CBDC's, since they are created by governments/banks. With no anonymity, using CBDC's outside of gambling after you have gambled, could mean confiscation elsewhere because those CBDC's came from gambling.

My opinion may be biased as I would never condone the use of CBDC's. It's not a good thing for them to be implemented anywhere over bitcoin/cryptocurrency in my opinion.

I agree with this, but I don't think cryptocurrency gambling has many years of anonymity left anyway. It was anonymous in the beginning and gradually, especially in recent years, most casinos have imposed KYC. This is a trend that is set to continue.

Casinos and their operators have the choice in how they want to operate. I will agree that right now, it seems like this is a trend that is set to continue. However as the regulated world topples over and begins to change, the values of Bitcoin will probably prevail and I believe that it will be possible for things to be similar to how they were in the beginning. It all depends on the operators and who enters the market when/if the change occurs.

I think this is the best thing that is coming out of the move of Macau to accept CBDCs. Macau must have realised that the online crypto casino boom is becoming a real threat for their local gambling industry. Due to the covid lockdowns many regular casino customers switched to the virtual world and might be reluctant to go back visiting physical casinos. This move by Macau seems to try and get move competitive with the online casinos. For me Macau is too far away to be a real gambling destination, sitting for 12 hours in a plane only to visit a casino is too much. Unfortunately Las Vegas is a similar distance away and I am stuck with my local unspectacular casinos. Any casino that starts accepting digital currency should be rewarded with more customers in my opinion.

To be honest the government would really agree if CBDC is implemented on a casino platform because it is their product, they won't reject it because they want it to be popular in society, but of course American CBDC products may not be accepted in Macau, or vice versa, maybe users need to exchange them on exchanges provided by the government, just as fiat is exchanged on money changers. So we'll see how the CBDC will be implemented by the government in the future.

To me it's not a problem, before a legal gambling platform can operates they have to go through some settlement of the law and get proper regulation, it won't be different when CBDC is in action, I still don't know why many people are trying to see CBDC as a different type of money, it's just the same FIAT currency to me, the only difference is the money is in Digital form.

I can only use CBDC if they are available on exchanges paired with BTC or other cryptocurrencies, and some speculate that CBDC may spy on the adopters. If that's the case, I might change my mind.

Gamblers aren't seeing CBDC as any kind if money, what they want is to gamble with crypto and not fiat, how many gambkers were notlw using fiat to gamble nowadays, just few for the sake of those using a physical location center for gambling, but most online gambling these days were been done using cryptocurrencies for their stake since they comes with an added advantage of casino wallet thet generate them a wallet address, people were tired or fiat and crypto is now the trend everyone is adoption, cbdc is like going back to old vomit.

This could be possible as the government will certainly favor CBDC over cryptocurrencies. So if the government will stick to CBDC as the legal tender when it comes to legal gambling casinos, then we have no choice but to follow the rule. However, I don’t see this happening soon, and I’m not actually looking forward to make it happen. Between CBDC and cryptocurrencies, it’s still best to gamble with decentralized ones.

The right thing to say is that cryptocurrency gamblers are not interested in using CBDC because there is no difference between these digital currency and fiat. This is because many fiat gamblers in my country will be glad to use CBDC because they seems to overcome some of the problems of online banking which includes network failures and other transaction issues. Also, people will embrace CBDCs in countries where cryptocurrencies are restricted or banned because they are viable alternative. Although most casinos insist on KYC, using CBDC for gambling is another means of giving out your privacy to the casino company, banks and government. Regardless of how enticing the benefits of using CBDC might look, most gambles that are conscious of their privacy and security will always prefer to use cryptocurrencies.   

Only countries that legalize online gambling are likely to implement this, but isn't what will be used for online gambling sites for payment will depend on the owner of the gambling site? I mean even though the government legalizes online gambling and also has a CBDC, it can't force this type of payment on online gambling sites unless they make it mandatory. CBDC is the same as fiat so gambling sites that have previously accepted fiat will implement it, crypto casinos might consider it because many prefer digital currency over crypto because the price is the same as fiat where sometimes volatility is not so favorable and can reduce the profit get because when we withdraw the price of crypto is going down and when we are going to exchange it for fiat it will decrease again because of transaction costs.

The right thing to say is that cryptocurrency gamblers are not interested in using CBDC because there is no difference between these digital currency and fiat. This is because many fiat gamblers in my country will be glad to use CBDC because they seems to overcome some of the problems of online banking which includes network failures and other transaction issues. Also, people will embrace CBDCs in countries where cryptocurrencies are restricted or banned because they are viable alternative. Although most casinos insist on KYC, using CBDC for gambling is another means of giving out your privacy to the casino company, banks and government. Regardless of how enticing the benefits of using CBDC might look, most gambles that are conscious of their privacy and security will always prefer to use cryptocurrencies.   

In spite of that CBDC will still be used by people in many ways including gambling. It's the easiest to use especially when the government makes it not easy for everyone to access crypto. This will happen regardless of how much warning we expose what CBDC can do to your money.

There are people who don't care about privacy, we do have them in crypto. But one thing that CBDC will be pushed is that government can easily tax someone like a gambler winning thousands.

The governments of many countries that will support the introduction of CBDC in their states will encourage the use of CBDC in every way. Therefore, it is possible that casinos will be forced to accept CBDC for deposits. Only I think that many gamblers will not want to use CBDC in casinos or in their everyday life, because there are more anonymous ways to use money in online environment.

Ain't no lie, the future of gambling with CBDCs is shining like the Vegas strip! Digital currencies are stepping up, and the gambling game ain't the same since the first Bitcoin casino popped up back in 2012. Now, CBDCs enter the scene, and we can bet on the gambling world getting even more digital.

It's only natural to accept CBDCs as tender in Macau, the gambling capital of the world. The casinos are vital to their economy, thus they must be open to change if they are to survive. Macau's casinos will likely begin courting CBDCs in the near future.

If they are a hater of fiat yes but I think not all who use crypto hates fiat. They still see fiat and CBDC as a money but the main reason why they prefer a crypto is to become anonymous. Cryptos and crypto gambling have grown too much. That is a sign that many people are now using a crypto instead of fiats but there's also users who are hybrid and willing to use both payment methods.

Offline casinos might be declining now and fiat online casinos are emerging. Many of those who play on them didn't even knew or trust crypto yet. Online casinos gives us a wallet but I don't see this as an advantage. We may be tempted to use the money that we deposit there and there's also a chance that the casino can shutdown or turned into a scam.

Well using fiat money isn't anonymous either. Neither is using cryptos. It's pseudonymous and your money can be traced and flagged if you got it from a black hat that stole it.
And so can your account in casino. However if you have done nothing wrong and can explain the source of your money, KYC will do just fine to fix any misunderstandings.
And using cbdc's if like using fiat money except it can be faster and cheaper to send. And obviously officials track malicious people, just like they do with fiat money.

this becomes a disgusting thing if the government forces us to use the CBDC they issue, then we as citizens who use it have no freedom even in gambling

I strongly reject all forms of coercion made by the government, because there is no profit from it and even harm, the choice continues and I will choose to gamble on a platform that is not regulated by the government, to stay safe from the obligation to use CBDC

I am not sure why this is even a discussion...


These days people turn to crypto for many reasons, and one of those reasons is definitely gambling... Simply people wish to have easy access and some level of anonymity. CBDC can't provide that... and who like fiat and "digital fiat" anyway?

This is the purpose of cryptocurrency, you’ll remain anonymous and this could be one of the reason why many gamblers prefer to use crypto instead of online fiat money. If this will be implement on physical casinos like in macau, maybe this can be an option but many will surely not adopt because they are still concern about their security and if you are not living in Macau, better to use fiat instead. Personally, will not adopt not until there’s a clear rules and regulation when using CBDC.

And we know that CBDC's are totally contrary to that which just like on what most people been saying on here that it is really just that similar to fiat on where anonymity couldnt really be possible on this one.
There might be some people who do look for this news to be something good but for majority on crypto enthusiast who do mind off and prefer anonymity and decentralization then this kind of changes isnt really that much of a concern.

They could add up all the things that they do want but people or the community would be still mainly supporting into those coins which it cant really be possible for someone to be traced up or to be known.

The question is, does the gambling platform care?  I think they don't, besides crypto gambling platform is now walking the path of KYC-verified accounts.  So I think there is actually no difference if KYC is implemented of Casino Implementing CBDC.



But the decision to implement CBDC is not in your hands.  You can just avoid the gambling platform that implements CBDC but you will never stop both the gambling platform and government in implementing CBDC in gambling industry.  BTW, gambling platforms had been implementing fiat currency even before the cryptocurrency is accepted.

Yes, CBDC has its higher chances to be accepted as a legal tender in the casino but I don’t see its happening soon as cryptocurrencies are still much in demand than using CBDC. However, this is really possible as CBDC is a legal form of currency and is always backed by a central bank, so definitely if the government will make a rule to make CBDC as the only currency that will be accepted in casinos, then we as gamblers should always abide with it and consider cryptocurrencies as no place in gambling.

Whether the CBDC is accepted or not, I do not think it'll enhance the economy or reduce the current inflation.
It is not a crypto currency afterall. But I think it'll be easier to adopt the CBDC as legal tender than to adopt crypto currency.

CBDC is developed by the government of course it will be adopted as an alternative to the real fiat we use right now. Basically, it's what we are going to be using, it's going to be normalized and we can use it anywhere including gambling online.

But they do have digital control of your spending, if they see you spend more on gambling I guess they can turn off your app to not work on casinos and you can only buy Mcdonald's chips.  ;D

;D they can control your funds at anytime they want, and that's the whole concept about the fiat currency, the government always wants to stay in power and they can determined your spending just like you have already stipulated. CBDC is the same with fiat is just that one is digital fiat and the other is kinda physical so calling it anything other than is an error to the system and of course it won't be a problem for them to adopt this digital cash because the government are still going to be the one in control but that's the latter with cryptocurrency.

Maybe that will be an exception for online gambling sites because most of these online gambling sites are not under government regulation, so they can be considered illegal and they can freely choose the right payment method for their platform. In contrast to offline casino platforms, most of these platforms are under government regulation because they pay taxes and like it or not they have to comply with government regulations, maybe that's by using CBDC on their platform.

I think CBDCs will definitely come. I don't think we can evade their adoption because most of governments like idea of issuing digital currency to inflate markets even more. They never care about people. I think gambling websites will quickly adopt it. Pretty sure they prefer CBDC over regular fiat money that they need to deposit at banks of people. It can possibly cut costs. But honestly speaking its hard for me to say CBDC will help customers as they (governments) will definitely monitor their own digital money.

Implementation will be mandatory for citywide casinos if this suggestion is accepted (in the OP's article).
This will probably be a full-fledged transitional process that reduces the city's significant cash circulation especially foreign currency from overseas gamblers (unless they also intend to accept existing global CBDCs).

Well, Central Bank Digital Currency (CBDC) are actually just a digital version of Fiat currencies, so regulators will have no problem if people use it at casinos. It will even help them to track money laundering and also to gather information on people's tax obligations.

This was actually developed to counter the affect that Crypto currencies has on the financial sector and I think they will introduce this as the "only" digital currency that will be legal in the future. (It will totally destroy any form of financial privacy)  >:(

The government wants to control casinos which are big businesses with the potential to get additional income for a country that is also big.
Implementing CBDC which is a government product, can allow casinos to get legality from the government because they have supported the government's wishes.
This may later apply to other businesses so that other people or businesses can accept CBDC as well as in the gambling business.
And the casino will also provide this CBDC as an alternative option for depositing and withdrawing for its members.

All gambling platforms available in the world today can start accepting CBDC but me as a person will never use that currency, and it is not possible for the government to order all gambling platform to reject all other currencies and accept on CBDC for gambling, this is not possible, so I have no problem using cryptocurrency to keep gambling after CBDC get launched or failed, I don't care.

Central Bank Digital Currency is the long term preservative one.The bitcoin will be the best option to make the CBDC to the world digital currency.When the bitcoin become a CBDC,the most of the gambling site will make it as the mode of coin use in the gambling.Maybe it became the only acceptable cryptocurrency in all the gambling sites.It will increase the price of bitcoin to 200k dollars at the time of the implementation.Even the United States will allow the bitcoin to become a CBDC for the other currencies after they had control over the cryptocurrency and the bitcoin.

So bitcoin will become the deposit in the bank and act as a mode of transaction.All the government may implement their own cryptocurrency as Digital Currency.Because every country need of their own cryptocurrency at the time of all countries had own digital cryptocurrency.When the United States created their digital cryptocurrency,the competition between bitcoin and US based Digital currency.

Its just fiat and it is really just the same on which if we are a crypto enthusiast whom do mainly support about decentralization then you would definitely not able to see these things to be interesting.
Its not really that totally different when you do make use of fiat which it would be better if we do stick on making use of Bitcoin  and other decentralized altcoins.
This is why its not really that something interesting on looking up which this kind of addition which it isnt something that really a big chance.
We arent needing these things honestly.

Also, if fees would be higher then for sure people in this industry won't be even encouraged to support this digital currency to be used in gambling. Indeed it is just fiat and for sure rates would be the same. People who engaged to cryptogambling has their own reasons to switch and one is to avoid taxes in terms of withdrawal. What has been announced regarding Macau based online gambling platforms, I guess, won't mean a thing in cryptogambling industry. This industry follows the trend. If more people would prefer crypto in betting, then why would they go up against the 'current'?  But I can atleast see the impact of this; acceptance of gambling industry to more countries, and not solely with the used medium.

It's probably better if it stays only within land-based casinos and they don't force online or crypto casinos to also implement or accept CBDCs as a payment option or an option that users can use to bet within games. If that happens, I'm sure they will slowly start forcing the casinos to stop accepting cryptocurrencies anymore since that is their primary goal.

All they want is to replace cryptocurrencies with CBDCs everywhere possible so that they can gain control over the finances of people which they can't do as long as they are using cryptocurrencies. So they are pushing CBDCs ahead to force-replace cryptocurrencies.

Even as there is fiat now, I can still use bitcoin and other crypto to gamble, even there are some sites that accept just crypto as there are some that only accept fiat too. CBDCs not more than fiat, they are fiat and if they are created, it is not going to change anything. There is even possibility that many sites may choose not to accept CBDCs first unless they see their customers requesting for it too much, or they see other sites accepting it already.

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

I am not so sure that governments are going to take such a relaxed stance when it comes to CBDCs, governments are going to make their coins legal tender, and by definition that means that any person or businesses conducting transactions on their territory has to accept those coins, and once those coins are released it would not surprise me that they aggressively promoted their coins over the stable coins we have today, and it is even possible they attack them directly and make them illegal for people to hold.

Knowing that CBDC's are equal to fiat or something a stable coin then its expected that fees would be lesser or just simply on minimal and wont really be getting in line compared to those current decentralized coins that we do have.Somewhat even this is the case then people wont really be seeing this to be an interesting thing because it isnt really that something attached if we do speak about recognition of crpytocurrency which
cbdc has nothing to do with this.If we do really like to see something interesting on gambling field then we dont want more payment options but rather we do really like to see something new
or interesting when it comes to game offerings.

We hope so but cannot know what the government wants in the future. If they want CBDC to be adopted by any service platform, they can do it easily because they can force it on any service owner. However, the government really doesn't like crypto that can protect the anonymity of its users so maybe in the future, the government will still ask for services to add CBDC to its system. Hopefully, it doesn't affect bitcoin and other cryptos, but we just have to be more careful. Perhaps, using CBDC provides convenience for ordinary users but not crypto users.

Well, that's not being forced yet since CBDCs aren't adopted yet worldwide but when it goes to the market there's no way government won't force it. I think if CBDCs will be introduced guess it was a win-win situation for crypto as a whole, just my opinion.

None is gonna affected by the CBDC inclusion, because people who have used cryptocurrency for gambling will never move to fiat or something else further. As stated fiat users could find CBDC to be something more advanced and use it. CBDC is nothing better than the digital format of fiat. It favours the government providing each and every transaction, so this is going to be a choice for fiat users and not the cryptocurrency users.

It's still the gambling community that will decide if they are going to support it or not, not all governments all license issuers can make a rule to accept CBDC on all casinos, casinos can include it as one of the payment processors based on the recommendation but no authorities can make it mandatory to us to replace fiat, it's still the betting public that will have a say on what currency will they use.
And we all know the gambling community is comfortable using Cryptocurrency, if it's not broken there's no need to fix it.

I don't think that the control that they wish to gain is to safeguard users or to prevent them from losses or spending a lot of money on gambling or anything else, but their primary goal will probably be to impose taxes on the users based on their financial activities, and if we use CBDCs, we will literally give them the right to keep an eye on our expenses and finances.

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

It's good that you gave yourself time to think about this question.

The world is revolving, there is nothing anyone can do about that, CBDC will be the order of the day soon, it will only be wise that everyone gets ready for it. This will bring the world closer when it comes to money and finances, and this will more effectively oversight transactions to avoid many illegal flows that are happening now.

What you have explained is all correct and you are one of the few that truly understand the situation and mean well for society.

They will only make efforts in vain if they want to eradicate the use of crypto or decentralized digital coins like Bitcoin. They are just a new breakthrough that is impossible to get rid of crypto completely.
Cryptocurrencies are against their goals but they cannot erase or eliminate crypto from people's lives and in the gambling industry.
Precisely if they try hard and oppose crypto continuously then there is no doubt that they will be the ones who will disappear from the gambling industry.

coercion system I think it's impossible, I think the government will only provide its services slowly so that people can choose which one to use, CBDC is not the same as crypto, CBDC is the same as fiat which is centralized and fixed by the government although basically I'm quite confused with the CBDC system as intended resistance to Crypto.
I suspect that even if it was adopted by the general public, gambling platforms would also adopt CBDCs as a “possible” Fiat replacement or stablecoin alternative. and I also feel that it will not affect crypto in gambling, I think it will run the same as now.

I think CBDCs might just have a place in the gambling world. Online Casinos, in a bid to attract new players would evolve and become more innovative. I think casinos would make allowances for CBDCs as a mode where you could make deposits and withdrawals to attract players who would prefer to use them.

I also don’t think the inclusion of CBDCs into the gambling scenes would affect the use of cryptocurrencies in any way. Players using cryptocurrencies to play games would still prefer to use cryptocurrency cause of its anonymity and ease of transactions.

If CBDC are controlled by the government then I don't think the people who use crypto will want to use CBDC and this holds true for the gamblers also.

Most of the gamblers will prefer to bet using bitcoin, litecoin coin, dogecoin etc and may not use CBDC completely. I hope the casino's do not make CBDC usage mandatory.

Well we adopt bitcoin because it is decentralized and we will never adopt CBDC as it is centralized.

I even thought that CBDC will never be accepted than cryptocurrencies.
Assuming that gambling sites and casinos will accept  CBDC, the more I believe that it will increase the use of crypto than see its collapse. The fact that the gambling industry is growing, the more we think that several options will arise rather than seeing reducing. Well, the goal of these gambling sites' owners is to give a convenient way of betting and they are supposed to give the best option if possible.

You are either too innocent or you don't really watch the news and read about current affairs within the blockchain industry, otherwise, you wouldn't say that governments wouldn't force any service or platform to accept CBDCs while their primary focus behind creating it is leaving Bitcoin and other cryptocurrencies behind and make all the services and platforms accept and utilize CBDCs.

The spread of CBDCs will definitely hurt Bitcoin or altcoins in one way or another. There won't be peaceful changes within the industry and the authorities will force their way away and they don't care about anything coming their way.

yep agree with your statement, this will greatly affect the future of crypto gambling (bitcoin and altcoin) which can be replaced by this CBDC.
it's even worse when reading some of the replies, this CBDC is controlled by the government which in the future we can always be detected by the government all our transactions, like centralized.
whereas we gamble using crypto to maintain our anonymity as gamblers and there is no need for anyone to know how much we transact.
and if casinos are forced to accept this CBDC I think it will be bad in the long run.

Indeed no one will be affected by the CBDC, and people who already use crypto for gambling will also pass it on. But casinos connected to the government may be asked to implement CBDC. The government may also emphasize casinos encourage their users to use CBDCs rather than stable coins or crypto. But I think the government will put more emphasis on CBDC on other platforms, such as online shops or local shops, with the excuse of reducing physical contact using paper money. And this may reduce the growth rate of crypto to be used as an alternative payment in online stores or local shops because people can use CBDC.

That is what I am saying as well, even if they force CBDC as one of the accepted payment which still won't affect the crypto as well as online gambling market because now itself the centralised gambling platforms are centralised along with mandatory KYC for withdrawal so privacy neither anonymous nature of decentralised money will not work in centralised platform anymore.

The governments of many countries are always introducing innovations ostensibly to improve the safety and quality of life of their citizens. In fact, all innovations, including CBDC, are introduced in order to better control financial flows. I think that no one needs to explain that after the introduction of CBDC, the government will be able to freeze funds in any unwanted purse. As for the casinos, they will simply be forced to integrate payments into CBDC.

Governments, the shepherds of innovation, often harbor ulterior motives when introducing new schemes, and CBDC is no exception. They laud the virtues of security and convenience, but their true agenda is nothing more than power.

With CBDC, the government will wield unprecedented clout, empowered to freeze funds and surveil every transaction. This is a grotesque intrusion on our privacy and basic liberties. We cannot allow the government to possess such dominion over our fiscal lives.

And what about the casinos? They'll be forced to integrate CBDC payments, augmenting government control and curtailing players' freedom. This is an intolerable affront to our rights

And this is the main issue with CBDCs, they may seem to be as bad as their fiat counterparts but in fact they are many times worse, governments and banks will in a way fuse while at the same time governments will gain complete control over the money supply, this means that if at some point they decide that buying a certain item is no longer beneficial to them they can reject all transactions regarding that item, this is similar to what we already see at China and obviously I do not want to see this on the country where I live.

I agree with you. Because why CBDC would come to establish their authority in crypto platform? Of course they will mark out clients and accepting tax from them can also be a prime motive. The gambling industry is now far ahead of any other industry. And the government of every country also realizes this.They want to control over gamblers while gamblers want freedom. So it is certain that gamblers will never accept their authority. They will never go back to Fiat.

As always or in default on which it would be understandable that the government would really be liking to monitor out everything which neither fiat or cbdc it would really be giving out the same old story.

We already have fiat platforms/companies which some gamblers had flocked out and totally decide to deal with sites that does have coin payment which are totally anonymous and decentralized which it cant be able to
be monitored and this is where some people do really prefer on having on and this is why crypto gambling did really make such huge support and recognition.

I dont see any future of CBDC to be applied on gambling and just been said that it is really just the same on having fiat with these things.

You are absolutely correct, allowing CBDC into our system will only give the government more power than they already have, like you clearly and correctly pointed out, we are complaining about the much centralization surrounding our fiat currency system, if CBDC is allowed to flourish, there will be more problems for the common man in the streets..
Imagine how it is with fiat currencies even though the government lack absolute control over the supply, then compare it to what would happen if the government gains total control of all the money in circulation through CBDC, they can easily decide who spends his or her money, and who doesn't, they can also easily decide which business flourishes, and which doesn't - we must not allow this to happen.

US citizens are even forbidden to derivative trading on Binance.com. You may think that it's Binance that is doing illegal stuff but the perspective is there that US citizen is not allowed but only in Binance.US.

Gambling in international casinos will also be limited or may be forbidden and they can only play on US base casinos using the CBDC. We are going to this direction.

If more CDBCs will be developed and casinos will start accepting them (in some countries they may be even coerced to accept them) it would represent another great tool for governs to induce people in error that they are offering them State-issued cryptocurrency. But such thing does not exist. Yet there will be many which will believe they are using cryptocurrency while, in fact, they'll just give the govern a hand for controlling them even more.

A while ago I wrote a topic (https://bitcointalk.org/index.php?topic=5212133) on CDBCs subject... It seems hard days are a-coming.

If someone is really particular about KYC, then he should really avoid platforms and currency that require verification processes. In this case, CBDC are really to avoid because it is issued by the government, meaning it is monitored and regulated by the government. This gives them an access to know your transactions, the time, date, and the recipient of the currency you passed funds to. So you'll really have an eyes on you which isn't really favorable and ideal to most people who like to keep things private.

Casinos will always give in to the gambling community, if there are better options at other casinos that do not accept CBDC then gamblers will flock to those casinos, online casinos are both entertainment portals and business entities, it's the gamblers that make the money coming in, they can include CBDC but never to the point of replacing Cryptocurrency, there's no way the gambling community will part ways with Cryptocurrency and accept CBDC that's giving away privacy and letting them get tracked, there will be casinos that will not accept to what the government imposes on them.

I think it can be more easy for them (the goverment) to aply tax on ours.

But in the other hand i think a lot of casino are gonna offer, one formal market whit this CBDC and in other parts they are gonna offer some "black market casino" to keep playing on cash or other currencies.

I think also we can see some place like Macao being the few to keep accepting cash or other money.

using CBDC means you are also disclosing your identity, it is just like using your fiat money here. so that is true, those crypto users who want to keep their privacy, won't use CBDC. but there will always be gamblers who will use CBDC for convenience. some won't care about their privacy as long as it is convenient to use. just like going to the convenience stores, even if the price is quite expensive, some people will still buy for convenience purposes.

I'm sure the crypto enthusiasts out there don't care about that cbdc. Maybe the people behind cbdc feel that a lot of the crypto community will be happy with what they are doing.

      As a matter of fact, the majority of the crypto gambling community's impression here on cbdc is negative because it is not a crypto like the others.

Its centralized
Its stable-price
Its not crypto
Its just like fiat

This is indeed the common impressions for us crypto enthusiast if we do speak about cbdc and actual crypto which are really that truly decentralized or something
that is anonymous and having that opportunity on earning or profits via just holding or simply could fit out on investment part.

This is why we arent interested on something which is stabilize in price and really that centralized.

I don't think that Casinos will prioritize the gambling community over the regulation.  After all Casino operations are bound to the government regulation. So I think that they will give in to the gambling community as long as :

1.  It does not breaks the gambling regulation implemented by the government.
2.  It will not cause lost to their gambling platform.

After all, casinos are businesses that is created to make profit, and avoid problems on government regulations.  So their main priority is the compliance and profit.  I would agree, that if CBDC is not yet fully required to be implemented by casinos and there is an alternative, casinos will take the middle path that will not oppose the regulation and at the same time give benefits to the users.


About gambling community, they are already established even before cryptocurrency is created so we might see other community parting with cryptocurrency usage if the government pressure casinos on removing cryptocurrency option in their fund deposit. In the other hand, it is obvious that crypto enthusiast will always choose the option of using cryptocurrency to protect their privacy and may look for crypto friendly casinos to play.

It isn't about the impression of the crypto gambling community but rather the implementation of CBDC to all gambling platforms, crypto gambling and fiat gambling casinos alike.  I think crypto enthusiasts will become more concerned about CBDC when the government started to implement CBDC and require every casino to support the digital currency and at the same time get hostile to cryptocurrency after all the decision about this matter is not on the hand of the crypto gambling community but on the hands of the authority and casino owner. 

The sad thing about this is that it looks like the gambling trend is going on that path(CBDC implementation while suppressing crypto deposits)