Bitcoin Forum

Have you ever thought of a government implementing a Cashless gambling?  Making hard cash obsolete for gambling purposes?  Armenia is currently pushing this law that force their gambler to do gambling transaction via bank[1].  It was stated that the said law is created so that the government can tax gambling institutions effectively.  They also add an additional requirement that the gambling establishment needs to pay in order to get the desired licenses on how much  bet the establishment can accept.

This may look profitable for the government but I believe it will hit hard gamblers.  With the implementation of cashless gambling, gamblers are now exposed since they have to use their credit cards or debit card to play.  (Another way of the government to spy on their citizen.)

In a positive note, minors gambling incident would greatly reduced because the gambling transaction can now be traced via bank statement, except if these minors can freely use their parent's cards.

May take on this.. screw the government if we really wanted to do cashless gambling, there is always a cryptocurrency gambling platform option where we can at least play gambling without the need to use our bank account.


So what do you think about this cashless gambling, is this another breakthrough of the gambling industry or just a way of the government to track their citizen and earn from the gambling establishment.

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[1] https://www.casino.org/news/armenia-introduces-new-taxes-restrictions-on-its-gaming-industry/

I think it's more of a burden to us, specially if gamblers are going to be tax. And as far as I know, government have been giving traditional based casino lenient taxes, because that's one way to attract them to put up a billion dollar business in one's country and then have a pay cut.

So if they are going for cashless gambling to put another tax for us, then I wouldn't be agreeing on that proposal. It will be too much for us.

The argument for KYC and the whole tracking is already there, when you play on a traditional based casinos, to enjoy the perks you have to register your name and other info and same now with the online casinos. So there's no surprises with that already, the real eye opener is the tax.

So Having paying paying with Bank and also receiving with also Bank is a good thing cause it has many benefits. Real Casino might not be able to Scam with People and also no corruption. So I wanna say that This law would be great for Gamblers too. They wouod have full control over their money and it would be super great. Let's see what will happen in future.

Armenia was trying to have big BTC mining farms in thier country, there were articles circulating with this information so what is stopping the gamblers from using BTC or any other crypto to offset balances from thier bank accounts?

I know tax is important for the government to stand but they are not going to make gamblers pay a lot more from thier hobby while they already have paid taxes from thier income. Because they will find ways.

It is a further step in population control, just like cashless societies in general and the upcoming implementation of CBDCs.

Governments will justify it with noble causes, such as preventing money laundering and underage gambling, but in physical casinos, at least where I live, you have to identify yourself when you enter, so minors do not enter and the number of people who use casinos for money laundering is very small.

In principle, if they implement it where I live, I will not go to those casinos, I will bet with cryptocurrencies. Just as I pay a lot with cash in my day-to-day life, even though paying with my mobile phone is more convenient.

It looks like Armenia isn't the first one aiming to implement cashless gambling.  Apolitical figure in New South Wales, Australia also attempt to force cashless gambling to gamers but failed.[1]  The reason as usual for implementation is money laundering.

So it is clear now why the government wanted to implement cashless gambling because they wanted to track or spy on peoples gambling activities in guise of anti-money laundering.



Same here, crypto casino platform is already available on the internet, why should I choose the cashless gambling imposed by the government when I can also do the same gambling activities with cryptocurrency casinos without risking my financial data of being exposed.

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[1] https://www.casino.org/news/forced-cashless-gambling-in-new-south-wales-australia-called-off-for-now/

I was expecting the reason the government wanted cashless gambling to be for minors to stay away from gambling, but the focus is on tax, although it is said to be a way to bring more clarity to transactions or so which means it would help in both, but why has it failed in Southern Wales? This may result to other ways citizens will go into more illegal gambling and unlicensed gambling which are probably not from their country. I do not think they should think too much about tax if at least they are still making more profit from gambling through tax and they can find other means to make the tax effective and unavoidable through other payment means.

It's probably a good idea for local-based casinos. I mean most of them make a lot of money and it's more convenient to go after these big gambling companies instead of the thousands of small time casual gamblers.

Don't be so harsh. You'll probably ask help from a Government agency if any of this cryptocurrency gambling platform screw you.

I wouldn't say it failed yet. I just find it funny how the upcoming election became a major reason why it was called off. Politics is a numbers game after all.
 

Cashless online gambling is widespread in Hong Kong to attract gamblers from China, where gambling for money is known to be prohibited, so it seems to me that there is nothing new here and it has long been used to circumvent various prohibitions imposed by the state, but the problem of KYC remains, so the use of cashless on decentralized gambling platforms.

It's a step in the right direction, but probably a step we wouldn't take.

Gambling platforms will surely go against this idea and just stick to what setup they currently have. Sure, they are guaranteed of profits because gamblers need to connect their banks directly to the platform, but that will surely deter a lot of people from gambling because of the few extra steps they need to take before they can go and bet. Another thing is the added identification they need to submit on their part. Gamblers are already saying no tk KYC, how else would you expect them to react when they need to connect their bank accounts?

I genuinely love this idea in order to prevent the rise in numbers of problematic gamblers. But I also know that this will not come into fruition because there's just a lot of factors that throw most gamblers off the gambling bus and would surely seek other alternatives to have their gambling fill. Underground gambling dens will rise and the government will have their profits go down the drain - most especially these casinos that paid for this license in order to operate legally.

I do not support the idea of a cashless gambling if it will have to go through the banks because KYC will be demanded. Gambling is supposed to be a discretely done event because of the way the society perceives gambling. There are some societies that have stigma for gamblers. If government wants a cashless pattern in the gambling industry, it should find a way to know the generated revenue from the casinos and task them appropriately. I will never accept to do a KYC on a gambling site because i know it will link to my bank account.

Well cashless gambling is already popular from few years ago, Armenia is just one country who start to push it. I think either link your bank account to the casino and gamble on crypto casino where you submit your KYC on both casino and centralized exchange are not really make so many difference. After all they're know you and will keep spying your activity. If anyone want to avoid KYC, then gamble on zero KYC casino.

If you're against a KYC casino, why you're promoting a KYC casino under your signature? :D

Every casino now is implementing KYC so I guess we can't do anything about it.

As for reason for a cashless society is to tax us? well I think that is wrong to begin with, not sure what is the intention behind probably to stir away gamblers from pushing their activity but isn't it that gambling is one of the most money generating collection for the government?

I'm not sold on the tax idea, perhaps what the government want is to control the crowd.

The world is going more digital, it would not be long that the people in power would be thinking in that regard. What you just brought to our attention here might look so simple, but in the deep thought of it, it would go a long way in further helping the government to oversee gambling activities when it comes to financial flows. The issue with cash is that once it leaves the bank, all its transactions are anonymous, and gambling companies are using it to evade tax and launder money.

A strict cashless gambling policy would surely help in this regard.

It has always been their reason for anything KYC related. Not that they're wrong or anything, but money laundering does indeed happen and their implementing stuff like this is simply a precaution. That doesn't stop people (and me) from wanting to play while preserving our privacy though.
I reckon right now it will indeed reduce, but in the long term said "cashless" system would probably be a part of the norm and would eventually crawl its way to the standard system people use. Though I guess if people are against it there will always be alternatives like crypto casinos with no KYC.

Maybe this is another breakthrough from the gambling industry implemented in one country so that they hope to reduce the exorbitant expenses made by many gamblers, to be able to find out who is gambling, to reduce cases of underage gambling, to help people addicted to gambling so that not taking more money to gamble and stuff.

And surely, this plan will have pros and cons for the public, especially gamblers because they feel that their gambling activities will be like being spied on by the government so that whatever they do with their money in the bank will always be monitored. And for the government, maybe it's a way to get taxed income from people who gamble, the casinos, and it can control the circulation of money from those people's accounts to the casinos. It might also be able to keep tabs on money laundering cases.

I haven't really thought about physical casinos and lottery companies only using cashless payment option so far. When gambling online we are used to only deal with digital payments and got used to it. I am not really a big fan of cash anyways, so in case the casinos in my country would stop accepting cash all together it wouldn't make a big difference for me. Since the covid pandemic I have switched to using my card in 9 out 10 cases. But there are people who only want to deal with cash, one of my friends is like that. He always runs around with large sums of cash and never has a card with him. For people like him the ban would be a big deal, for the average gambler this will probably not change much, they can deposit their money first at bank and then use their credit card to play at the casino. In general I am not a big fan of any bans that limit our life in such a big way, gamblers should be allowed to choose between cash and digital payment options. For the government it might make sense to only rely on digital payments to make sure they are getting always paid their taxes, but some gambler don't want to have digital receipts for where they are gambling. It could be that some gamblers want to hide their activities from their wives and can't use the bank account that they are sharing.  

It's already too greedy for government to charge individual taxes on players for betting in gambling since they are already charging taxes on casino operator revenue which is equal to the total money spend by gamblers on the casino. It's already double tax on players money.

This law will just scare aways gamblers on using casino that has this kind of feature that will just result for less revenue for both casino and government.

I think this type of rule has already been implemented in many gambling-friendly countries. It's not just to make the transactions quick and easy but also for their government to have all of those records accessible for their data and safekeeping.
There are pros and cons to this type of ruling for a local government and those that don't like it don't want to handle it too easily to the government that they've got a gambling record. Still, plenty of options for them, thanks to crypto gambling as there are still casinos that don't ask for kyc immediately.

It's the government, they are always greedy. While Armenian gamblers will be scared of this law, it's their law. Lottery  Jackpot does have taxes, so it's not going to be surprising as well that they are going into each gambler's winning this time. I bet sooner it will not just be the Armenian government that will do this, the whole EU might just do it as well.

They are out of funds and the government, as far as I know, is at war with Azerbaijan within thier borders. War needs money.

I really don't think this is a nice motion or motive for the regular gamblers but this law will mostly favour tye government and leaving the players and casinos been stranded and scared.
One of the major reasons we have to push for tye use of crypto in casnos and gambling is the fact that government shouldn't be involved in the activities of a common man and if a gambling casino should be cashless, then it should be crypto inspired which would be decentralized with the involvement of a third-party and I think the crypto casinos are already pushing the fiat casinos out of market and I think the government wouldn't easily have a say in the gambling industry.

A breakthrough for the government, I really like how this also has an effect to reduce the number of underage gamblers. Children should not be gambling. Positively also for the cryptocurrency casinos and websites, they are about to be affected positively too by the increase in users who will prefer gambling with cryptocurrency than letting the government know and be able to control their gambling. Furthermore, some of these users who will be introduced to cryptocurrency as a way to avoid the government in gambling, will also get to find out the other purposes of cryptocurrency, which is good.

Cashless gambling refers to the mode of payment and that is different to what platform would you engage yourself with; landbased or online casino. If you'd engage with landbased casino even if it accepts online payment, it will still be tangled with the government. But in online platforms, many of the gambling sites are crypto based, I think, because of privacy concerns and convenience with transactions. It will just depend on your preference as a gambler and as an investor.

I think it is just an alternative mode of payment and there's nothing more to it. Most of the transactions in the first place, and at the present are now made possible through online payments . But if you are avoiding taxes, crypto-based gambling casinos would be a better option.

I think it has positive and negative outcome if it will be implemented.

If this will be imposed in most countries, it could lessen the population of youths gambling. This would prohibit the underage to gamble since they have to use debit or credit cards which are usually offered and issued to adults who are already working.

This would also lessen the population of gamblers because not everyone has debit and credit card to begin with. Those who aren't qualified to have it won't be able to gambler. Which could either be a positive or negative effect depending on where you will view it.

Regarding the negative effect, the personal information could be at risk since the information of the cards will be monitored and will be stored in the casino's database that will be sent to the government as well if it's required by their contract. The average people and the poor can't gamble of they aren't qualified to get one. This could pose discrimination against those who aren't wealthy enough to acquire a card.

If physical casinos will impose this, surely majority will have a hard time adjusting to the policies given. There are already crypto casino that are doing this, but as far as I know physical establishments still cater accepting physical fiat because of inclusivity reasons.

It's just the government to track those with lots of money so they can throw the damn tax to them. They want to know their customers. :D
Sure, they will throw all the positive effect of it in news outlets and social media but there had always been the downside of this. They will just use that "gambling prevention" "lessen the minors gambling" and other stuff to make an alliance with parents that doesn't gamble but we know what it's real purpose behind the curtains. I am against it, and I suppose I could just stick with online gambling instead of that.

Even if its a cash or cashless payment the government stil has a huge resources of this because we know how does the gambling casino gives a huge amount of profit to them so for sure they have a percentage cut with it. If you are talking about the gambling casino with the cryptocurrency sure they will limit those unless the government makes a rule with those so they cant operate or request to have a letter like the other country does to regulate gambling casino. If this is a physical casino sure theres a business contract to operate.

We will all be going towards cashless as eventually. Physical money will be rendered obsolete as everyone is slowly preparing towards the digitization of almost everything. Heck, shopping for groceries is even going digital now, and just a few years ago we aren't that trusting enough of fully digital systems. Our society is rapidly changing and going cashless is just one of the inevitable.

As for gamblers looking to avoid KYC, the only This way they are avoiding every legal hurdle that they might face, and at the same time risking the possibility of being scammed along the way if the platform they are playing on decides to just run and ditch them. And knowing people, they aren't afraid to gamble their safety just to ensure that they will be having their way. The governments pushing for everything to be documented to happen is also them pushing people to look towards illegal alternatives. Unfortunately there's not much that we can do about it.

This is clearly another way for the government to spy on their citizens and also make money from their gambling activities and as well from the gambling firms.
Cashless gambling introduced by the government, though it has a very small advantage which you @op already mentioned, but to a greater extent, the gamblers and casino are in for a big loss if this law is passed.
Gamblers in this country should resort to cryptocurrency casinos to save themselves from government and bank manipulation.

IMO, nothing wrong with that.

First of all, because with "TAX" is gonna support the public benefit. This step is just like the government who to take "TAX" for Cryptocurrency Activity, they can just partnership with their local exchange to track user income.

To make sure, the tax they need to pay.

as you said, the law was created to effectively tax gambling institutions, so, it is not a breakthrough for the gambling industry but a "breakthrough" for the government to effectively tax gambling institutions. and yeah, I agree that these changes would greatly impact gamblers.

Low-income gamblers will not be allowed to tax which is a good thing and a bad thing at the same time. Suppose Armenia is a third-world country with a considerable amount of Low to No-income citizens who gamble, these people not being able to play will be good for them, as it push them to spend the money to more productive ventures, but at the same time this is bad in a sense that this is a huge percentage of the population that you won't be able to tax in gambles. Especially bad vonsidering Low income citizens are the biggest demographic of live government sanctioned gambling. What they could provision instead of this ridiculous ordinance is provisioning licenses and other supporting document that all casinos must have in order to operate in the country. And make it at the same time that the government gets a certain percentage of the deposits the customers take whether they gamble or not. I think this will be a better law.

But as long as centralized gambling platforms are still dependent on government regulations then they still have control to regulate them even though their involvement space is low because they cannot track from deposit transactions accurately. I don't agree with the government replacing fiat because their only goal is to cut taxes from every transaction, they are very greedy for people's money but the people never get proper facilities from tax money.

Specially those low income gamblers, admit it or not, there are a lot of low income gamblers who risk their money here, no matter what the outcome is. I saw this when I played on land base casino's. So if they are going to be tax, then probably it's either stop their gambling as a whole or continue and then willing to pay the tax (but how can they do that if they are low income families).

Anyhow, there are a lot of pros and cons of this law and maybe the pros will be beneficial for the country itself in the long run. More taxes means more revenues for the government. And those who are not willing to be track and pay taxes should stop their gambling.

I don't mind the taxation as long as the proceeds go to where they should be and not in the pocket of a greedy corrupt politician.

I also think that Cashless Gambling has its pros and cons, as stated one of the pros of cashless gambling is to be able to identify people who are gambling too much to the cost that they have to gamble everything.  If responsible gambling is to be implemented, the government will easily identify people that need counseling and intervention.  Another pro would be limiting minors from gambling since minors using their own credit or debit card if they have one can be tracked and blocked from accessing the gambling site.

Cons would be the gambler's freedom and privacy.  If the government decided to intervene and manage people's gambling habits, it can easily tag people, intervene and ban people from accessing the gambling site because it can easily command banks to deny any transfer of funds to a casino of any individual on their list.

Cashless gambling sure sounds sophisticated but I believe there are hidden reasons why the government wanted to implement this stuff.

True. And as explained by the OP. The negative outcome would be is that gamblers are now being taxed. I know that tax could go a long way as long as the leader is trustworthy enough but this can reduced our bankroll. This means lesser playing time. And what if those charged amounts are the ones that could give us a good win?

The positive outcome on the other hand is that we can now gamble efficiently because things are now done in a cashless way. The rest negative and positive outcome are already given by you. Innovations like this are obviously done in offline casinos only because in online, we are already using bank, cards and other digital payment methods.

It'll rather sound like a good idea though, but it's just another means of enslaving gamblers as every transactions will be monitored; a good plan cus it's gonna curtail the rate of laundering and some other menial cheating tricks but it's the worst plan cus it's just gonna enslave everyone and ofcourse -- they've got alot of reasons to Which they conceived an idea like that in the first place -- so I think every other hidden reason could turn out to disrupt the liberal purpose of gambling... They'd even mount takes on every wagered game and that'll increase the Least STANDARD wager amount which, in turns becomes a problem. I don't think I support the motion.NO!

Sandra 🧑‍🦰

This is just like everything else going cashless.  It's for better tracking and ultimately to make sure of exactly that, to be able to tax and make sure no one is getting out of it.  I don't like it personally.  Cash is acceptable tender and to exclude it is rediculous.

That won't be a problem for most gamblers IMHO. Being exposed to the government has already been there with our registrations and cards and ID stuff. They've been monitoring most of us and that's why if this is just the concern out of this law then it's not that concerning at all.
What's more concerning is that when our information is exposed or exploited. Like a hacker takes the database of our information from them then it will be worrisome because we don't know what they can do to our details but most likely, it will be sold to the market places, dark market or advertising companies.

That's one thing to be part of it, taxes. We all know that when a government supports something profitable, it's never gone about the taxes.
Even if someone avoids to pay taxes through his winnings in a casino through crypto, then he's still needed to pay taxes for his income gains through his crypto gain.
So, there's no escape on taxation if that's the concern of most gamblers that thinks that they have to worry about it.

then how about gamblers who use crypto and crypto generated from their work on the internet, I don't think the government will track it about that unless that person cashes out his crypto into an account that belongs to him, it can be tracked, I also don't like this way but if it's for good for example paying taxes is no problem

They are just taking another step just for them to filter out thoroughly for these establishments wont be able to bypass or skip out on paying taxes or simply those obligation.I would rather say that this would really be a

desperate move if ever they would be implementing out that cashless gambling or simply trying out to link up all of your bank accounts and credit cards with this.Of course we do know that everything could be checked and could be seen.There's no way you could really hid yourself on this kind of system and this is where crypto gambling would really be more relevant or would be in demand because
not all gamblers would really be that accepting this kind of terms.

I was also going to mention the use of crypto but it probably doesn't matter since gamblers still have to cash it out in the end and report their winnings. It's most likely for the better but it can still be an inconvenience for some gamblers since there are others who prefer to use a specific payment option. On the plus side, this change could be helpful to a few since they did mention that they want to reduce gambling harm as well.

This is really an appreciable move from the government to increase its revenue. Same time it is good in another way, as it is possible to see good number of people moving towards the usage of cryptocurrency accepted gambling platforms for their gambling needs. This gives the users the best experience as well as there is no need of fearing the government's plan to make money.

If we do just look on the good side of things then we can say that getting more revenue or tax will really be something that brings up positive for economic aspects.Its true that if this one would be strictly be imposed
then pretty sure that people would really be switching up on crypto gambling which there's no way that you would be needing up to link your cards or banks or making yourself that identity to be exposed.
Its true that not all would really be t hat confident on exposing their identity or someone who do really value their anonymity or privacy simply.

If I were from the side of the government, I would definitely push for cashless gambling. Not only is it very convenient for them as far as tax purposes are concerned, it is also very handy for them to monitor suspicious activities like money laundering. Aside from having minors greatly reduced from casinos, it also means a lot to families whose spouses are hiding their gambling activities, or even addiction, from them, possibly using money that should have been allotted for family needs.

As a gambler, I definitely don't like it. But perhaps it's a compromise I'm willing to take, especially because there is always crypto gambling as an alternative.

In the eyes of the government, it is indeed beneficial but if we are talking about credit cards and bank accounts I assume there are also bankers heavily involved in this new sets of laws. I assume they will get highly pleased to pocket some extra cash out of the fees.

I don't think it is good to reduce the available options for people who partake in an activity as gambling or any other legal activity it can only serve as a precedent for the forced implementation of Central Bank Digital Currencies.

Yeah this is pretty interesting and one thing that I absolutely agree with you on is the fact that this will hurt the governments bottom line of being able to collect tax revenue from gambling proceeds.  I'm sure in some ways it will help solve some problems, obviously using cash is largely anonymous and what not, and can allow illegal use of funds to be used for gambling, but on the other hand I'm with you..fuck the government, this shouldn't be allowed.

Your opinion is good and there is some truth to it. Gamblers will be more comfortable and safe without having to worry that there are people around them who know that he is a gambling enthusiast.
However, this cannot be applied to every country because some countries have decided to ban gambling activities.
Even though there are also several countries that have provided articles or laws regarding the illegality of gambling, in these countries there are a group of government officials who provide gambling permits by asking for more taxes, but these taxes are not included in state revenue but are only shared and controlled by the people in the group.
And this happens in the country where I live where there is a law regarding gambling but it is only used by government officials who are hungry for money and wealth.

Well, to some extent there is already cashless gambling, the gambling that is done online, but this measure refers to gambling in land-based casinos, to which from the citizen's point of view I see a fundamental disadvantage which is privacy: if you have to pay by card, your bank will know that you gamble, and potentially the government as well. This does not happen with cash. And banks take this into account as a risk when giving loans, if you are a gambler and you ask for a loan, the interest rate will be higher and maybe they won't even grant it.


Yes, I believe this is part of a global plan to make societies as cashless as possible, which was a wet dream of governments and central banks, and still is, but was cut short by the emergence of Bitcoin.

   - Not all countries have yet implemented what they want to do for gamblers and the casino gambling platform. This is what Armenia wants to do, I think it's just an extra burden on our casino players here in cryptocurrency and I also think on the other hand it's also a burden on the gambling owners.

Although if you look at the article their government want to control the gambling platform and gamblers for this matter in fact, which is a little bad for me.

I can say both. I guess putting another layer for our security requires a bit more of our information, not only for the government to track us with every move we make, but also to monitor things/transactions which was not done by you. I know some of us, or most of us does not like to be completely exposed under the governments radar, so I guess the government should also be fair by not enforcing such laws mandatorily. Every country has a written law about data privacy and stuff like that, and this would completely contradicts that law.
Well, there's only 2 way I could think of to avoid this mandatory gambling law. First, don't gamble at all, and second, use cryptocurrency that doesn't require any KYC.

This may be to the advantage of the government wanting to take extra income taxes from casinos and gamblers, giving no profit to gamblers. But maybe this is a way for the government uses to limit the use of money for gambling by gamblers so that if they want to pass the limits set by the government and banks, they have to show additional evidence. The bank can track all gambling transactions from bank statements and gamblers cannot deny it and if a gambler is close to crossing that limit, they can get alerts from banks and the government to reduce it. We need to see what will happen after some casinos pass this law and its effect on gamblers. If gamblers feel that they have no objections to the law, it is good for them and vice versa. It may need to be revised again.

Tracking the rich people, that's all the reason I see why they are doing this.
Tax. Someone who is evading their taxes can now be tracked and this can be used to be evidence that they do have the money and yet they are not paying it.
They won't even need permission from the owner of the debit/credit card, they will just take the amount you owe the government and surprise you when you wake up. If one casino does this kind of method where there are no options then I'd be better off at online gambling where they won't track anything that I own.

The use of cashless payment methods in gambling has become more common in recent years, however it is still important for gamblers to have the choice of how they want to pay. Additionally, mandating cashless gambling could pose challenges for those who may not have access to or be comfortable using electronic payment methods. And, I believe, there are many of them in less developed countries.

However, since we are on a cryptocurrency forum, I'm pretty sure we don't have to be afraid of a cashless society. Cryptocurrencies are here to stay and they will be the future of money, and it's not unreasonable to expect them to become a viable option for the majority of gamblers in the future. So, I don't see any problem with cashless gambling.

So aren't they already doing this? Mate they already monitoring you through your Internet Service Providers (ISPs). They know what you searching online. What casino you are playing. etc.
So it is out of the question that they have done this for tracking. Rather its purpose is the exact as stated in the article. "introducing new regulations to increase taxes"

It will surely affect most gamblers negatively, tracking their gambling activities and taxing them would be easier for the government. It will have both positive and negative effects. It can reduce fraud activities and minors who are into gambling but will hit gamblers who want to make their activities private. We all know that the government is now doing everything to track and tax gamblers in ways that they can do and sadly, it's something that we can't get rid of in the future.

There's such a thing as bank secrecy law where the bank is not allowed to share your information with any organization even the government, you need a court order for a bank to divulge information and transactions we live in a democratic law and the government cannot just open ones bank account for no big reason like being involved in money laundering and corruption.

I agree that's the positive side of it minors will have limited access to gambling

There's still regulation on Cryptocurrency backed casinos because these Cryptocurrency casinos are now compliant and regulated they will still ask for KYC under specific condition

The government cannot track individuals through this means, but it can encourage establishing e-commerce not only for the gambling industry.

Ofcourse it is just another way by the government to track their citizens. They have aimed for two things simultaneously.
This move will enable the government to collect taxes from gamblers as well as track them for money laundering.
As for gambling, I think people will still be able to bypass this law with the help of crypto currency.
They can simply buy crypto via cash and use crypto gambling platforms to gamble.
This will promote P2P crypto transactions and increase crypto gambling.

It's not good for business if the government is snooping or interfering in its operation and the clients will not trust the platform if there is interference that will endanger their vital information, cashless gambling is good because it's fast, easy and the integration of Cryptocurrency in the gambling industry it gives the players the peace of mind because transactions are transparent, and if there are no violations of the account, the player's account is anonymous.
It's actually a breakthrough for the gambling industry the integration of Cryptocurrency.

No matter what we say government always find a way to make gamblers pay tax. It is faster than havinf cash to gamble compared to cashless gambling since you only need to deposit using bank and withdrawal is the same. They also want to track people who are gambling. I don't have to explain more of it because what I see is that government want to gain benefits from gamblers. It could be bad for casinos I think since gamblers also pay tax which will make people stop gambling. All money that gamblers are willing to risk won't be lose in gambling alone but also in tax. If that happen in my country then I would stop gambling.

If this method is carried out many gamblers will feel pressured even though the government can benefit, then in some countries they really cannot do this because many gamblers have private status and they don't want to be known by other people, and they have certain reasons for this. If the Armenian government implements this law, I'm sure they will have other, more effective goals for those who do gambling, especially the problem of money laundering, of course, a lot of assets will be lost if this is implemented by the government, because all countries have a gambling master who does have such a large asset.

First, it's the duty of the government to oversight everything in their domain and continues to help in building a sain community. I don't know why so many people on BTT are scared of this or so particular about it as 'off' in the name of privacy. Mind you, too much privacy would cause more harm than good to society.

That said, you are also overbearing about this tax of a thing. Which government would tax you because you want to gamble? A reasonable government can only tax you for your winnings, and this varies in countries as some countries' citizens pay a very low winning tax. While the government earns the rest from the gambling company.

Yeah. But the concept of cashless gambling may apply to traditional physical casinos, it is not relevant to discussions on this forum, which focuses on online casinos that accept cryptocurrencies. Therefore, the implementation of cashless gambling is unlikely to have any significant impact on crypto gamblers on this forum.

As far as I know banks are not ok with your income that came from gambling, in my country that could be a red flag so if that country is planning to amend that and make gambling more legal, then it might work. Many casinos are already cashless, you just need to get your membership card where you can cash-in and cash-out and use that card for your whole gambling activities. If the government really wash to enter the cashless era, probably we are going there slowly but sure and it looks inevitable and they are started trying it.

this is just a new breakthrough to take the market that is currently being widely used, namely the internet and of course the casinos don't want to continue holding it at land-based casinos only but online as well to get the interest of the new community as gamblers, because not everyone wants to be seen too conspicuously playing gambling on Land casinos, I only see in land casinos cash gambling looks ancient and online gambling has become a trend nowadays

People will look for an alternate way through which they can gamble free without any pressure. The governments want money from the gamblers as well as the gambling platform. To make it out, governments keeps adding more laws as well as more other ways. However it doesn't give effective output as people too are well aware of technology through which they create loopholes to enjoy as the past.

Stigmatization is one of my main concerns about this cashless gambling policy. In my area, gamblers are seen as unserious and wasteful individuals which is why people gamble mostly in secret. Being a gambler can deprive one of getting jobs or political positions because of how gambling is perceived. This policy would mainly favor the government's quest to get more revenue from tax and it would also reduce gambling addiction among underaged gamblers. Underaged gambles are more prone to gambling addiction and this policy might reduce the rate of underaged gambling in that country. Crypto gambling firms that don't mandate KYC requirements might be the best alternative for gamblers that want to hide their identity.

Cashless anything is bad if you ask me. We all know fiat money isn't going away. It can either go on with cash or in the digital form, but the digital fiat will take away all your freedom and all your anonymity. There's not a single thing that can benefit a normal person if the government goes into cashless fiat money. All the benefits of this move go to the government and you, the taxpayer, is getting chewed on by the machine. So, you may ask how this is going to affect you, the government says cashless means less crime.
Cashless means they can make you stop doing what you're doing without having to deal with you through the police or the court.
They don't like you gambling, they block your transfers to casinos. They don't want you buying firearms, they don't allow any payments to registered firearms dealers. They want to know what prescription drugs you take, they go through your payments and they know what they can take from you to make you obey. You go to protest against them, you get your account charged with a ticket for being out in public and protesting. You keep doing it, they block your cards and you can't even buy a cup of coffee or a plane ticket to go to a conference that they don't want you to go. 

Well, still both are on trend.

No matter what happens to the new trend, cash will still be there and won't be removed. The land/physical casinos have to consider the demand of their customers, if they want to accept and withdraw through cash, they have to keep that method.

The best thing is to have all types of payment methods. Just like the crypto casinos these days, they've got most options for deposits and withdrawals, fiats and cryptos.

KYC was already implemented in order to effectively administer taxing purposes for the government's revenue. I have no idea on why Armenia has to implement a cashless gambling method as it will only further burden the people. To be honest, it is going to be more counter-productive in the way that gamblers would be dissuade to gamble. Instead of being a main source of revenue, such taxing purpose would destroy completely this industry.

At the end of the day, I hope the bill that implements this feature be amended to consider the side of the gamblers and to at least make it more reasonable and realistic.

I'm sure that they will always consider accepting fiat because if not, they will lose a huge number of gamblers, especially those who prefer the traditional payment method and those who aren't well-educated about how cashless transactions work.
We all know that a cashless society will be a part of continuous innovation in the future but businesses including casinos will not eliminate fiat despite digital adoption.

It makes sense that countries would like to make sure they get tax from gambling winnings.  I wonder if it will be as good as a source of revenue as they think.  I've never really won or lost big enough to matter, but I assume that gambling losses are tax deductible in at least some regions, maybe that's not right...  In any event, if that were the case I would think a solution like this would be a double edged sword.  Sure, you'll get taxes from the winners (which if it was a big win they would have gotten it anyway), but you'll also then see a ton more tax deductions from losers, who would for sure outweigh the winners.  Again, no idea if that's even a thing, but surely there are more losers than winners, and who deducts gambling losses from their taxes?  Not me.

Certainly bad for the gamblers from Armenia since they will be forced to use their cards just to gamble. Crypto casino is one way to avoid that restriction but there might be a chance that Armenia will be included in casino banned list, where gamblers can't play on casinos that has the licensed that are banning their country. If this came up to be a good source of revenue for the country and other country realize that it is an effective way to set up a new source of revenue, There's a high chance that other country will do the same and for sure the gamblers and the operators are the one who will suffer the most.

I have just two rhetorical questions to the government:
First,
Of what better use would a cashless gambling system do to someone that's already making use of cryptocurrency gambling platforms? It's like leaving a five star hotel to a common brothel!

Secondly:
Did the government put to consideration those gamblers that are not enlightened have absolute no idea about cashless transaction how it operates, and how this cashless gambling policy can deny these sets of gamblers opportunity to continuously engage in an activity they interest themselves with without going through some hitch and inconveniences?


Certain policy decisions put down by the government would wanna make a common man wonder if the government is really existing for the interest of the whole citizens or just for a stratified few.

It is really illogical for a country to apply the rule of taking taxes on gambling winners. If the state takes a tax on those who gamble, automatically those who gamble can also lend state money to gamble through legal credit lines. If the state cannot provide a budget for gamblers, this rule will automatically be refuted. The state can only collect taxes on those who provide gambling services, both online sites and gambling places such as casinos.

If Armenia succeed on this, we can expect other countries to do the same thing because many are already aiming to try a cashless gambling and maybe some will try to encourage gamblers to user their own digital currency, maybe in the future it will be more like this. Crypto seems to be fine since its a cashless gambling, the problem here is that if those countries will start to regulate crypto casinos, they might also force gamblers to use their own digital currency instead of crypto.

There is no central government of the world. It depends on different governments of the world.
Some governments don't want any kind of gambling activities and so they ban gambling totally.
While some are looking for ways to effectively tax gamblers.
That is the same thing happening with bitcoin and the governments

I can answer this one for you, the government wanted profit.  With cryptocurrency being used by players, the government is deprived of taxes of any form because the transaction is not exposed to government tax.

Government has a tendency to implement now and explain later.  Besides people are already using their credit and debit cards to buy stuff online and in supermarkets where the use of cards is available.  So cashless gambling isn't a new technology, to begin with.

Well, for now I am not sure if it is global, since government are still trying to figure this out, you know. even they are too accustomed to the cash and credit system which have going on for literal centuries.

Naturally, gambling and international money wiring will be the first targets of this new system, eventually, when cryptocurrencies and Bitcoin continue to fight back that blatant centralization, they will proceed to attack Bitcoin liquidity, through laws. So even if gamblers wanted to buy/sell Bitcoin, exchanges would not be as available as before. We should not take for granted the current state of our ecosystem, in my opinion.

Human mind tends to have more worth attached to physical cash than an electronic money (as in CCs, DCs), possibly because it's a recent thing. From gamblers perspective, it would likely make them just spend more.

That's because they can see the form of physical cash rather than electronic money and assume that electronic money is something they have never used before. But if they use CC or DC, I think it can make them lose self-control in depositing their money to play gambling and maybe the government will see more transactions for gambling. People who use CC think they can use more of their money and pay it back at the end of the month. But if they don't know that it was a mistake, they will be entangled in a circle that will be difficult to stop. Once they feel comfortable using CC or DC, they will use it over and over again.

If this regulation is carried out by the government then it is something that everyone who plays gambling must consider, because at this time there are many who still hide their identities when making bets, and the government does this to protect and see those who really don't deserve it. make bets like minors, and easily detect money laundering, of course this is a good way for some people, so cashless gambling will reduce people to make bets for certain reasons, and later all involved in gambling will definitely be taxed of course this is the main target of the government.

That's for sure, fiat is still widely accepted and that's why cashless or not, the option shall remain there.

Innovation is good but in terms of payments and monetary related issues like withdrawals and payments for a business like casinos, they have to cope up with the demand of their customers.

And that's why many of them just can't let go with any of the payment method that has such demand by their customers. Whether it is cashless, fiat or even crypto.

I think it's true and the governments usually will attract people to milk tax from them, passing the KYC/AML is just a little part of their plan because they will understand who is winning and who is withdrawing the money to take tax from them later within old traditional gambling types when the gamblers use cash none can understand anything from him to take tax to track transactions later.

the trend in my country because our government prohibits gambling and land casinos so that online casinos are a better trend than land casinos, therefore I say land casinos are more ancient because they use cash, everyone needs convenience and a shady place to play gambling as long as they are connected on the internet, maybe in a free country both have the same trend

The government does cashless gambling for the sole purpose of milking the gambling industry.  It is clear in the article that the main purpose of cashless gambling is to implement extra charges on casinos and prevent money laundering.  There is no mention of the said purpose of filtering gamblers and implementing responsible gambling through moderating the gambler's expenses on the casino via their bank.

It is more on government profit than government concern over their citizen.

Well, there is nothing new here. For years governments have been working hard to implement effective laws for the gambling industry. Today, with the advent of cryptocurrency casinos, regulatory pressure has been increasing in a way that it is almost impossible for casinos to operate without any kind of compliance

So as there is cash transaction in other countries, the direct bank transfer and other cashless transactions would be slow?  ;D

No other purpose than this:


Most crypto casinos are asking for KYC, only few are not still asking. As crypto is getting more regulations, there is possibility that more gambling sites that are not demanding for KYC now may demand for it later in the future. I gambling with just little amount of money, maybe the reason I take KYC on gambling site lightly.

The governments have understood well about the casino business as the one that doesn't have any seasonal business. It is the industry that stays on profit all the time. To make money from them is the real reason for which different measures were taken. Money laundering through casinos were very minimal compared to that happening through different other platforms. It is to be noted, the governments need to prioritise the welfare of the citizens than the government's earning.

That could give them more access to their funds online which can be more risky, if you are going to adopt this better to have a separate account specifically for gambling only to avoid over spending especially with your savings. The government is really pushing the adoption of digital currency, making this as a law will force their people to follow and adopt. I don’t know if this is just a trial to Armenia but let’s see the effect of this one, probably gamblers have no more choice there.

There are no digital currency but rather only focus on cashless transactions via using up your cards or banks accounts directly with those gambling platforms on which you do tend to gamble.
I dont see that they would really be using up some crappy system just to have those kind of exploits or security issues yet this would really reflect out on platforms reputation
which it would be normal that they would really be strengthening it or wont really be able to happen.This is a casual stuff where everything had been switched up on online
transactions which is casual.

The existence of cryptocurrency also provides more choices for gamblers to use fiat money or use crypto. But regarding compliance issues, everything will be regulated by the government, because the government has control over what is operating under its district. Online casinos that are noncompliant and do not pay taxes will be blocked and may not operate.



Many online casinos do implement KYC, that's because of the strict rules suggested by the government to find out who is gambling, this is also related to tax issues. Some KYC is also applied only to users who will withdraw a sizeable amount of money. Online casinos without implementing KYC may implement it in the future but may set limits on user transactions.

The way I see it the government just want to keep track on it at the same time they would earn from this tax.
I would agree to you that we are already been into cashless gambling with the help of crypto currency this is why I really love it,
We could keep our anonymity of course not on all the gambling website there are still sites that doesn't really required a KYC.
For me this is why crypto currency has been created to give us anonymity and freedom.

In free country, all of the options are there.

It's good to see them adopt both things because it's a matter of what's in demand and what's not. There's also a chance that they may adopt other payment methods if they just want to test it out.

But for countries where gambling is prohibited, well, no need to address the thing because the government isn't allowing so.

WE are talking about countries does have allowed for these type of businesses to run on certain vicinity which it would be understandable that they would really be needing to get along with the rules and guidelines.
and taxation is one, if ever they would really be strictly imposing about those cashless gambling then there's nothing they can do but to integrate it or else they wont really be able to operate.
Of course they would really be minding about taxing not only on casinos but also in other businesses as well.It just turns out that there are lots of ways for it to be bypassed
for these platforms not to pay up taxes and this is why they do have end up with this idea.

There are measures to be done if that's what they want. Yeah, it's all about taxation in the end and whether they'll be cashless or not, still, taxation is what they're up to.

That's the main thing that they're legally operating and the methods they're up are verified and not going to show them any problem as they operate their casino.

Thus, the gamblers are only concerned with their major payment and doesn't matter on how many they've got.

You can already gamble without cash and use tokens of some kind or other.  In theory crypto is the non currency version of gambling because its not officially a currency so it is cashless token exchange of variable worth.   People have been placing arbitrary bets of some kind for years usually its very rich people but it doesnt have to be cash always.   If anything I'd think this was a way to avoid tax not force people into a tax route, governments should be taxing the companies not the people especially imo.

Trying to read it up again that they are not focusing on individuals but rather they are really that trying out to control the platform or companies which they are really making payments to be totally cashless or simply going into those banking transactions to monitor everything.Its true that they dont really like for things to be skipped on because we know on how big gambling industry is and the money that circulates or been
generated around which they dont like to miss out those possible taxes that could be possibly accumulate.This is why they do really end up on this kind of solution.

True the cashless gambling article is about taxing and getting money from gambling platform.  But we cannot remove the fact that with cashless gambling, the activity of gamblers can be monitored and can easily check if they are winning which can be subjected to taxation.  AS stated, this is another way of government to boost their income in the gambling industry.  Imagine setting a bracket in which a gambling platform can accept amounts of bet and requiring them to pay if they wanted to collect bigger amount from bettor.

Gamblers will not be tax but the taxation will go to the casino or sport bet companies. Then it is the company that will increase their betting or gambling fees which will affect the gamblers. Is there any government casino centers ? I have not seen, all the ones I have seen is owned by private persons.

Cashless gambling as for me is the best, because the depositing process is conbersome to some extent. So cashless gambling will reduce the stress of gamblers.

Well as days for anonymous physical cash are pretty much numbered now, i see it only a matter of time. In finland we now how kyc for lottery and slot machines as a temporary solution. Soon i am guessing cash is irrelevant because it's supposedly these days only used by criminals and people who got something to hide  ::)

But i completely understand why they are doing this. This is FATF on action and fits their narrative of tracking money as a part of tighter AML laws. This is however just a start.

This won't affect only cash but electronic money like cryptocurrencies can get terminated too. So, the country seems to fight underage gambling and trace the way citizens place bets. Yet, the Government wants to make profits out of gambling, which is the reason they moved the bill to law real quick. The problem is having other country's Government to adopt such laws, if they realize the huge amount of money made out of the law. Moving forward, though it'll affect Casino owners by paying so much in tax, players will benefit from cash security. Winners on physical Casinos won't bother about theft when leaving the casino. However, the Government watching over every stake by citizens, bridges their privacy and doesn't sit right despite the benefits the law draws to players. On the other hand, I think hackers will be hired this time as they'll be many hacking attempts on casinos' payment systems to derive clients sensitive information, they may from time to time begin to experience what exchanges suffer from hackers.

"Cashless gambling" is just an experiment. KYC will be easier with CBDC because your identity will be attached to each CBDC transaction. What does the future hold for casinos in a CBDC World? A world that a nefarious cabal, a centralized entity that doesn't have your best interests at hand, has absolute control over money.


That's what they want us to believe. Haha.

As many cryptocurrency investors, I also think hard capitalist controls are always bad. Boomerang effect should be considered. People may hate to be taxed through gambling, and may move all their funds through crypto currencies later. I think it can hit gambling taxes hard over time if all people turns to crypto.
So I think, cashless casinos are bad idea even if it may have positive effects like protecting minors etc.

Perhaps this is mostly applicable to those areas who are already developed and have great economy. Implementing cashless policy will be very difficult to do in third world and developing countries because they lack the resources to do so, and most of the citizens don't have the ability to participate in such. Hence cashless policy in gambling in struggling areas could be impossible as of now because they have other things to prioritize.

But good for those developed ones that they are already progressing into this because of their capability and resources. It has many pros and cons that has to be weighed before making a final decision, and I hope the people are all well-aware of all the possible sides if ever it will be fully implemented in your area. Because as we know, not everyone is as techy and as well-off as others. In addition, not everyone is fond and is in favor of KYC verification process.

Tax is normal and has a purpose but it must be charged properly and not thru gambling because this was only the time when people enjoy and relax. If the reason why they want gambling to be cashless is because of taxations then you might be right that people will be forced to switch on cryptos which is a good thing for the investors because this can make the price rise.

You should not worry too much because people are still going to pay their taxes in the common/usual way and also not all people are going to switch on cryptos, for some reasons like they find it complicated. When it comes to protecting minors, I think they can actually play now if they will use a crypto but not if they will play locally since they can be spotted easily.

The reason why gambling taxes are higher compared to other taxable commodities is that they are implemented to discourage people from gambling. However, that is not the case. Whatever law or regulation may they pass to regulate gambling, it will always have a flaw, this will only push other people to go to underground casinos or switch to crypto casinos which is less hassle, and to avoid these taxes. I have no problem paying taxes since it is the lifeline of the economy, the problem is this taxes are sometimes not spent wisely or just being used by corrupt government official.

The positive impact of a law like this makes sense, it would stunt the growth in the number of underage gamblers and usually the government will use this pretext to get the law actually implemented. About taxes, that has also been thought about but I tend to think the government would prefer the first reason over tax revenue.

Here on the contrary, the success rate of implementing this rule will also be difficult considering that the gambling industry is developing rapidly at this time. That underground gambling will always exist and crypto gambling is also the most likely destination for constrained gamblers. Maybe the government will block as many famous crypto-based online casinos as possible, that will be the government's anticipatory measure to realize its goal.

One of the main reasons on why people arent really that mindful on paying up their taxes due into this scenario or situation that it might really be that unwisely spent or simply that it wasnt really been put up
on where it should be.

We know that there are some corrupted countries on which its government arent really doing up their job and doing the things which supposed to be done or to be applied specially on gambling.
Its true that if ever people would feel out that they are really been that choked or really that having restriction then they would be always finding out some ways for them
to avoid these things.

Actually if they want to do any sort of banking with developed countries they would need to comply so they won't get isolated. Not necessarily to the point of cashless but heavy KYC and trail of funds is going to be mandatory. Every country has some version of this financial action task force, even most less developed and things aren't going back to where they were or stay same.

https://www.fatf-gafi.org/countries/

Those kind of sin taxes as they are called do not work, as if people want to to buy something harmful for them they will do so anyway.

Governments use this excuse just to charge a special tax on particular industries as they know they can get away with it, so this attempt to force all transactions to be digital and forbid cash is just another attempt to squeeze more money out of casinos while they diminish the privacy gamblers can enjoy, so this is a good move for the governments and a bad one for everyone else, so it is clear they want a law like this passed as soon as possible.

That's true and it also happens in many countries where taxes paid by citizens are actually used for corrupt government officials.
And those who use the tax money can easily circumvent the regulations under various pretexts.
If all goes well, gambling taxes can contribute a lot to a country that allows gambling because gambling tax money can go where it is most needed.
But I believe there will come a time when the gambling tax money can really be put to good use and there will be no opportunity for people who want to commit corruption later.

Well, cashless gambling would make life more difficult for some people.

I think many people would be against that, so I reckon it wouldn't pass.

We're talking about huge amounts of money, and governments get their cut as well, so I don't think they're going to implement it.

Otherwise they would not have opened the casino in the first place.

the more they try to discourage gamblers is the more they wanted to play so there are no reason for this to truly implemented , but what is happening here is that taxes isn't caring gamblers because the flow of money here are really that high to make taxes another problem as we gambled to win and to enjoy and not adding other problems .

I think Sweden tried something similar and the problem with that approach is that you're enticing black label casinos. If someone has cash, and just wants to gamble in cash, they will find a way how to gamble in cash - be it in another country or illegally within their own.

I know that Betsson had a huge argument there about exactly that, but I would need to dig out some links to get it right.

 

Well said, that's the reason why tax evasions are happening. They don't see any changes in their own place, their country going deep to the ranking of the poorest or high in rankings of corrupted government officials. Who will have the energy to do as they are told if it will go directly to the pockets of those crocodiles?
They want it cashless for that reason, you cannot avoid it anymore. It's like the CCTV of your bank account where they will see money flowing or how much your balance is so that whenever you try to avoid paying your taxes, they will take it themselves without your authority.

Just because of this positive note, I'll be open to the idea of the government implementing it. This won't only help reduced underage gambling but can also be used to tackle gambling addition. Banks can help monitor the money been used for gambling and when it begins to look like an addiction is ongoing they can prevent that user from making use of his credit cards to place bet.

People might think that they're mature enough to handle themselves financially but that's not true. Also this will help in preventing money laundering as I believe casino are those that encourage this more and with paper money that are untraceable, they can get away with laundering money but if a cashless policy was to be introduced, it'll be hard.

I somehow agree with this.

Despite this policy being exclusive at some point which could pose a negative effect to those gamblers who don't have credit/debit cards, this could eliminate the underage gamblers population.

Even though most casinos now have a KYC verification processes, some minors are still able to bypass the security by using other person's ID or even providing fake ID. This leads them to be introduced in gambling world and gambling ways too early that might affect the way they perceive things and make decisions in the future.

If cashless gambling will be implemented, the minors will have a hard time accessing because most of them don't have the means to have it yet. Regarding financial aspect and addiction prevention, it's a good thing if the players could opt to be limited in betting through their cards if they deem to do so. This could help prevent overspending in betting.

It's really up to the authorities on how they will weigh the pros and cons of implementing this. Right now, we'll just have to wait and see if ever it will be pushed through and how it will turn out to be once it's done.

Casinos are probably the very best places to try a "cashless system", with government interest starting to grow in digital payments, and CBDC. What I want to know is, under such a system, would it be possible for the casino to attach identity with a transaction and have an ability to cancel transactions? It's probably for the benefit of some gamblers to control their irresponsible spending, but giving up the ability to spend your money wherever you want it is a basic human right. It should be respected.

Government shouldn't only let the bank mediate with the fund flow, they should also give a program for drug addiction rehabilitation.  If these addictive gambler's fund is suddenly cut, they might chose a bad option such as stealing or embezzling funds just to suffice their gambling addiction.  Money control without any process of rehabilitation is oftentimes devastating to the receiving end.


I agree, especially when a person is addicted to gambling, all his financial knowledge will be nothing because he succumb to the uncontrollable urge to gamble.  that is why the government should pair this kind of program with gambling addiction rehabilitation program.

The main problem is that if you can identify the people that bring X amount of money in, then you can't really bring dirty money in.

This is something being discussed in Australia at the moment:


Not sure what's going to happen there but since it's such a huge amount of money, I guess those cashless cards will never appear.

   - The government can't think of any other alternative way to generate money so even gamblers will reduce taxes for this matter. Doesn't it seem like the greediness of those who think this way is becoming obvious?

Besides that, cashless payments are only beneficial in online gambling, what about physical gambling or land-based casinos? Is it still cashless that they want to implement here?

If all what they want want is tax then I think they can still do that even on the normal way of betting. Take example to those who win on a local lottery. Their winnings are cut off by a huge percent due to tax. Tracking them is also more easier this way because you are seen physically and then you will also be asked to input your names, and other details upon you claim your prize.

Before cryptos came in, there are already cashless gambling but many of us do only started when we get familiarize with crypto and we only play on crypto gambling sites because we think they are more trusted and more easier to use. Other than it can make you anonymous, our winnings will also be tax free.

In my place i think funding your gambling with your bank accounts and card is widely allowed throughout the country,  although when its comes to withdrawal of funds and some other things kyc is always needed and me myself i have been using this as a means funding my gambling account online. So i dont think cashless gambling its a bad idea at all, after all these gambling sites are making huge profits from citizens gambling in their platforms so i don't see any wrong intentions for the government wanting to tax them and keep track and records of some vital data.

This makes it very easy for one to gamble anywhere, anytime because you can just easily pick up your and fund your bet with your bank account even if it's 2.am in morning but its has some kinda of disadvantages because i have lost alot of money because of the easy access i have to gambling in my account on virtuals games.

Cashless gambling is already implemented in both online casino and land based. For a longtime now, we have had some gamblers playing right from their bank account for the land based casinos at least the past 5 years have witnessed this. For the land based casinos in Nigeria, you can open your account through the game house and fund it by yourself and you can bet on line where deductions would be made from your account and also when you have winnings, it is credited into your account.

We will not know about that, but one thing is clear, maybe gamblers can use digital services from other funding sources besides banking to deposit their money into a physical casino and then get chips to be used to play gambling. But those who play gambling using crypto already feel that way because we already have the convenience of using crypto directly to play gambling. But what is clear is how the government can find out about the activities of its citizens who play gambling using their bank accounts and how the government can get taxes for this problem.

It will be better we look at this matter from both perspective of views because just as OP has also stated that there are also crypto casinos and this doesn't call for panic since crypto is there and government has no right over crypto.
This development I think might cripple the fiat gambling industry but would have any direct impact on the crypto casino because this coins are decentralized.
On the other hand I think government looking into gambling might in one way or the other reduce the addiction related issues with gambling as there might be certain rules as per how much one is expected to gamble with fir a certain period of time.

Gamblers will produce taxes, I think winnings in gambling is taxable, for example, those who won in lotteries, they didn't get their winnings in full, they get them after the tax deductions.


Cashless payment doesn't only mean transction is done through online transfers, cashless gambling is already implemented in local casinos.  It is called cashless gambling when you use your credit card, or debit card to purchase game credit in casinos.  It is that this time, the government wanted to implement debit and credit card use only when playing in local casinos, and cash won't be needed or accepted if you happen to wanted to use one.

^Definitely right and this is already done.
The cashless casino was already here, online, they used tokens served as cash, in the offline casinos they used chips as funds to bet, so I think it is already cashless. Additionally, cryptocurrencies becomes rampant nowadays and I think that also belongs to the cashless casino. There are too many gambling casinos that adopted a cashless basis because it will bring convenience for them and their clients. So the cashless casino is very important through the bank or whatever it is for quick transactions or even withdrawals.

Not totally that government cant really have that control over crypto, yes technically but when it comes to platforms or business which connects out to crypto then they are really that bound on such
regulation which it isnt really that surprising.

Government would really be trying out their best on taxing everything and there would be no one would really be escaping it out.We are seeing that gradually platforms are asking
for some kyc or verifications and it gets tighter and tighter as years passing by.

I agree that government can't really have control over crypto, what the government can control is only on the surface, the centralized company that process crypto transactions, but the government will never control the cryptocurrency network.  This is one reason why government skipped decentralized crypto as option on cashless gambling.



If cashless gambling is implemented, there is no need for KYC because your bank account can speak for itself.  If you use your cards or bank account, your financial information which includes your personal data will be collected by the casino.

Taking such a decision there will have some positives along with some negatives. The government has realized that the gambling is now become the most potential Industry. It is closed and open in any case of corona pandemic or any other natural disaster. Here they have a huge revenue opportunity and such plans are the most effective to collect the revenue smoothly.

However, this kind of regulation will have some negative impact on the gambling industry as well. Because many of today's gamblers are not willing to make their KYC. Most gamblers can feel worried when instructed to make a mandatory deposit through a bank. As a result, the gambling industry will be hampered to some extent.

And that is why the government wants to know the people who like to play gambling by implementing various regulations and policies. Whether it will have a negative or positive impact, gamblers will return to casinos and still play gambling because it has become their habit for a long time. But those who feel that the current government regulations are too strict will look for ways to find less strict casinos that can gamble again. And now, with the help of crypto, these gamblers can continue to play by hiding their identities even though several casinos have asked them to do KYC.

No, using crypto wouldn't help you to hide your identities, even a zero KYC casino is still record your IP address, your Bitcoin address and device you're using. It just make people that doesn't have any idea with crypto can't search your identity, while the casino and exchange are know your identity because there's a blockchain analysis. But crypto casino is better in terms of safety, you wouldn't get robbed or killed by criminal unlike traditional casino.

I don't think this is possible except if they can design a new currency and assign it to be only applicable for gambling purposes, then it may run on a cashless purpose, i understand the abuses made in gambling with the curreny notes but this is something common that even the petty trader dirty and abuses the money as this is not only done in gambling, the casinos houses make use of this kind of abuses while the online casinos have zero tolerance for this kind of abuse on money, everything is being made through online transactions and no cash is involved.

Your IP can be gidden with the use of VPN and the IP is by no means your identity. Many people access the Internet in public places and the only way to get to them is by running 24/7 surveillance of the place and hoping he comes back and opens the same site, like they did with Ross.
Even if you access the site with no VPN and from your home the agency that wants to find you would have to write to the court to order your provider to give them your name and it still isn't going to be YOUR name but the name of a person who pays the Internet bill. If you live in a dorm it's going to be someone who manages the place. If you share an apartment with a few people it's going to be one of them.

That's good if your country, government, and the banks there aren't too tight with where the source of money or deposits comes from. Because when a bank becomes aware that the money is from a gambling source, they're becoming too strict and sometimes they want you to pull out your funds. This is for some that I've read based on their country's banking law. There's nothing wrong with cashless gambling, it's making things easier for a gambler but for some reasons, it's stated by most related to tax, tracking and other concerns that are valid to consider.

I don't think land based or casinos will have too much problem in this case, because now most of the licensed legal casinos have the option to use bank credit card or debit card or have the option of mobile banking.  In this case they can easily move into the banking system by choosing these options, I don't think there is any problem with the cashless system.
And I think it will also beneficial for cryptocurrency based casinos if there cryptocurrency allowed. Overall I think we should welcome this cashless system Because it will help us to keep one step ahead in the age of technology

Actually it is, that's one of the reason why crypto is being created to make you anonymous, to transact anonymously. About IP thing, yes possible but then it will require too much effort for a casino to know your identity by just using IP also it is against the law and standard of cybersecurity, if they will get info without prior notice or approval it could be a violation and casino will pay big time. I don't support cashless gambling using ATM or any physical bank, because of the government of course, here in my country if you have money beyond the limit you will be subject to laundering, it is very hassle. Also, with too much comfortability to using atm will lead to addiction and loses of savings and funds.