Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.
You have a very confused first sentence and question. You are wrong about no regulation in the past, in most "developed" countries around the world you are required to hand over identification documents before you step foot on the gambling floor because they are so easy to use for money laundering purposes. Someone brings in a big briefcase of cash, loses it all and it gets legitimized out to the sketchy owners who allow it - that's how it used to work. Now in some countries you even need to give over the name of your company, so they can figure out things like what sort of salary you are meant to be on. This has all just carried over to the online world for companies in places like the EU, America and Asia. |
|
|
|
The same negative trend also applies to housing loan markets.
While many contractual loans are failing at historically high rates. Could there be an eventual upside in terms of car and real estate assets becoming more affordable within the foreseeable future?
It has recently been acknowledged that used car prices are downtrending sharply at a record rate, (I think) in correlation with the elevated rate of failing car loans.
Cox Automotive said Wednesday that its Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, has declined 15.6% from record levels in January through November. The index dropped to 199.4 last month, below 200 for the first time since August 2021, and is down 14.2% from the same month a year ago. It marks the sixth-consecutive month of declines.
Perhaps we will likewise see real estate market values fall within a similar trend, which would make living space more affordable for many current full time employees who cannot afford it.
Unfortunately, there could be another trend in play here. Cars and living space might increasingly become deflationary in supply. It has been reported that US automakers are inching nearer to bankruptcy. Which could result in overall scarcity of car supply, if production and competition decline.
Similar trends could also apply to US real estate markets. Where influxes of immigration could contribute towards real estate and living space becoming increasingly scarce and limited in supply.
But in the short term, from the chart above we can see that used car prices are declining and perhaps that will correlate with long term market trends to make transportation and living space more affordable.
It happens in the downwards move of every economic cycle. What I find curious is that yes, there has been a decline in second hand car sales this year, but judging by the graph they are still massively above what they were in 2019 before the Covid pandemic. This points to supply chain issues as well, where it is simply harder to source newer cars so many people are returning to the second hand car market which pushed prices up in that sector. Things are starting to normalize for now but China is currently in the midst of a massive spike in Covid cases after loosening the rules, so we may find that supply chains again get crippled with potentially hundreds of millions of works in the "factory of the world" being ill. |
|
|
|
Hello fams
just as the title says why must it be the last game to always cut off the winning?
Have been playing sport bet and especially pools, whenever i predicts some matches upto 5, 8, 10 and maximum is 15, while pools is focused on draws maybe i might just select 3 draws or 6 draws it will always happened the last 1 or 2 games to cut off the match, while a maximum of 15 matches the last number 15 is always terminating all my entries.
Is there any way to do away with the last match that always cut the prediction and some you would be given a chances of cashing out but the last always ends the game not to be able to cashout.
Could you explain this please if there's any way we can do away with it lets begin the adjustments.
It is usually "the last game" for gamblers because they never know when to quit, cut their losses or overstretch themselves. In this scenario instead of going for 5 matches, which is already high odds against winning, people choose 15 which leaves you more likely to win the lottery than win this parlay. There are some places, not in pools, that will give you insurance for one loss if you have over 4 legs on your bet - maybe you should switch to them if you are consistently losing 1 bet out of many. It's all calculated and the sportbooks make the most profit from these sort of bets, so it is not really in their interests to allow you to cash them out, it all comes back to probability. |
|
|
|
I’m using this medium and the opportunity to wish everyone out there on the forum a jolly and a merry Christmas. I hope we all get to see and spend some time with loved ones, family and friends while spreading love, joy and cheer.
I also wish to remind everyone that we should spend money wisely and be very prudent. We should remember that by January of the next year, there would be a lot of bills that would need to be paid. So remember that while shopping for those items that may seem to be relevant and cool to get now but would be definitely irrelevant later on.
By January, a lot of people would probably be heading to the bank after going all out with their funds during Christmas to take loans to settle whatever bills would arise and there would be a lot that would arise!
I think money is always tight for most people in January cause they spent a whole lot of money during the Christmas period.
So while having a good time with friends, family and loved ones during this festive season, please remember that January, with all its bills is around the corner.
A very merry Christmas everyone!!!
As others have said, it's a warning that came too late when you post it on Christmas eve. If bills are due and the money has already been spent then what good is it? It would probably make more sense to tell people to consider what they are doing ready for next Christmas. If you budget throughout the year, put aside a little each month then you can prevent being without. Better yet, try to improve your situation in the next year, look for new jobs or ways to boost your income, maybe sell some unnecessary junk if it has accrued in your home over time, put spare cash into a bank account that pays the highest interest and set up a proper budget to see where you can cut costs. |
|
|
|
After the Central Bank of Nigeria (CBN) introduced the country's newly redesigned currency, counterfeit notes also started to circulate. It's crucial to arm oneself with the knowledge necessary to tell a fake naira note from a legitimate one. There are variations to watch out for in order to distinguish authentic Naira notes from counterfeit ones; this does not require academic knowledge. You can tell real Naira notes from fake Naira notes by following these five easy guidelines. 1. Check the texture: If the texture of the Naira note is soft and the image in it appears dull, you have the right to be concerned, reject it and demand another one.
This means that you should be sensitive to the touch of the money you are given when involved in any transaction.
2. Observe the gold foil: The N1000 note has a gold foil on the right side, just near the CBN governor’s signature. If you scratch the gold foil of a fake note it will peel off instantly but the gold foil on the original note does not peel.
3. Use water or other liquid: You can differentiate fake currency from the original by using water or other liquid. Scammers release fake money and the colours they use in printing counterfeits are soluble in water and some other liquids.
If you are not certain about the originality of a Naira note, dip it in water or petrol and scrub it gently. The colours will change immediately if it is fake money. The colours of counterfeit money will wash off like an artwork painted with watercolour.
Again, the moment you immerse it in water, the paper becomes messed up. It will get rough and look more like a paper mache. However, the real note will not look like this when immersed in water or any liquid.
4. Examine the ribbon/thread: There is a thread which appears like a ribbon on all Naira notes, running from the top to the bottom.
In real notes, this thread can be felt with a touch. It is more noticeable on old Naira notes. However, in fake notes, there is something that looks like the thread but it is not.
In the counterfeit notes, what is there is just a straight-line painting that looks like the thread in the original notes. If you scratch the painting, it will peel off like the solver panel on recharge cards.
5. Use mercury bulbs: Some qualities of the paper Naira notes cannot be seen with the naked eye. These features are only in original Naira notes, and one cannot see them except with the help of mercury bulbs.
It's good to see that Nigeria is taking steps to counteract money laundering, as it is the very foundation of security for a nation to know that their money supply is correct and controlled. I guess the government has determined that the older notes were increasingly vulnerable to copying and they needed to step it up a gear, hopefully the new notes are cheap enough to produce that the benefits don't outweigh the cost. It's even more important in countries that are heavily reliant on using paper money, which some sectors of the Nigerian economy can be, but even at the street level it is a surprisingly digital economy especially for the youngest generations. |
|
|
|
Although am a newbie in the forum but i having a lot since i got here and i think cryptocurrency needs to be adopted by many of the so called government and their egos of controlling citizens funds through fiat system.
Few weeks back my country government decided to pass a bill that set everyone withdrawals limit to 20 thousand naira daily and weekly withdrawal at 100k. This news caused serious agitation through out the country as the limit set for the withdrawal is really inconvenient with citizens. This made think, all this and more maybe was the reason why bitcoin was created to liberate we all from such Fiat control financial system.
It sounds like the government of your country is particularly incompetent if they have gotten to the point of imposing capital controls on currency and it's easy to see why a lot of trust can be lost. However the reality of the situation is that cryptocurrency in it's present form is incapable of performing all the transactions that happen in the world in a timely manner, especially in comparison to existing payment networks like Paypal or credit / debit cards. I hope in future the transparency of cryptocurrency and the decentralization it is based on is capable of meeting that demand - while being impervious to things like the 51% attack, but we're still at step one of that process until people figure it out. |
|
|
|
UK Norway finland sweden in biggest debt.
Finland been famous of taking all the exsessive money.
Each country have their own purpose in this global scheme.
It's clear that UK been used as all the Western countries inflation parking Spot.
What Will you do the countries wich Has the biggest debts and bad equity and bad bonds ?
You want to make sure they cant connect with other country markets so keep the financial dirt in there and dont Let it out.
How you do keep financial dirt in there?
War Crisis power outages and all the other possible ways you can think about it.
But to clear out all the debt war can Do that easy.
Likely only solution is war russia vs UK finland Norway sweden If war can devastete those countries a lot bad debt Will cleared and our financial system a lot more clean.
Let's see what the wall Street Will decide to do until now it's safe to keep away from those countries.
You have a habit of speaking out of your ass and not actually providing any evidence to back up your claims. If you are going to make such bold claims and accusations then why not actually link to a source that people can trust, because it certainly isn't you. Norway is actually exceptionally rich because they have made a lot of money from oil which goes into a sovereign wealth fund that in turn owns large shares of many companies around the world. Besides that, being in debt itself is not a problem - in fact being able to borrow in your own currency because you are so trusted in repaying your debts is a position that most countries aspire to get in. You are really clueless and delusional when it comes to your ideas on world economics. |
|
|
|
It is the festive season, and it comes with a lot of expenses, both planned and unplanned. The planned expenses are usually higher than normal because marketers take advantage of the season and increase the prices of their commodities and you spend more that usually budget. The unplanned in this season is that you may have some visitors either family or friends and will have to spend some more money entertaining them. For people who have a strict budget for gambling, I would like to know if your budget for gambling has reduced, or if it remains the same?
If your budget gets affected by the season then you may need to improve your forward planning or even give up gambling altogether, or at the very least drop it down to a negligible amount instead. That being said, some people have to cope on fairly restricted budgets and I guess they might find entertainment or a release in gambling so it's a valid question. Personally I only place small bets down and have enough spare capacity on my income that it barely gets any thought at all. If you have a low income there is definitely better ways you could be spending your money, especially during the festive period and you might spread a lot more joy by spending it on friends and family instead. |
|
|
|
Read a snippet of the article here Job seekers are learning that there’s the top end of the pay scale, and then there’s the real top end.
As more companies disclose pay ranges in job listings, especially in places like New York City and Colorado where it’s now required by law, what’s listed as the maximum salary may be closer to the middle, according to multiple human resources executives and pay experts. Some employers are trying to limit the demands of potential hires seeking top dollar, while preventing existing workers from finding out they are underpaid. Range deflation comes up often on industry webinars, but compensation specialists and some human resources chiefs worry it could backfire. Really crazy things are happening out there. Now to you the reader, supposing you have worked for the past 5 years your current organization and you find out accidentally from the HR in your organization that what you are being paid isn't the highest amount for your position. That is, you are being underpaid, would you ask for a raise or look for another job knowing that with your experience level you'd get a higher pay in another organization? Parts of this don't make sense, anyone can find out what their skillset is worth on average by looking at the multitude of different job sites out there. It seems like a strange law for those regions to have but in reality that is probably what companies were paying the average person recruited with exceptional cases hitting the highest in the range. Frankly if a job is advertised for $50k salary, then you would expect that to be what you'll be getting and I'd personally be avoiding companies that have wide ranges. It is a bit disappointing that you often have to move companies to get your true worth in certain professions because companies are by design going to pay you the least amount they can retain you for. |
|
|
|
Is there any fighting game like Mortal Kombat where you challenge gamers around the world taking a bet? I don't want to take bet on Mike Tyson or Joshua I want gaming by one self, I believe this is less dependant on Luck, this requires more skill than mere luck.
I think the key words that you used in there are skill and luck. There are a whole bunch of different gambling laws and jurisdictions around the world, of the ones who allow it there are certain criteria that must be met for it to be considered gambling. Otherwise you might argue that you are competing in some kind of sport, which might entail the fact that you are employed if your skill is an overriding factor in you winning the game. Of course there could be exceptions like Poker where skill can sit secondary to the largely random nature of the game itself. However most governments who have constructed these laws will tax you more punitively when it's not gambling. |
|
|
|
This crash is not good for any prices.
People talk like crypto is doing better when Western society financial system going down.
It's not true becouse btc and crypto prices are from USA dollar.
Only way the crypto can be hedge is when we go over stable coins asap.
So that USDC USDT can provide liquity to markets.
They have swich USDT to REPO MM reverse system first.
Gold not doing better either becouse gold price is determined by exchangers and mainly USD.
Simple way to say gold oil stocks real estate prices going down.
If Fed dont pivot or change the system to USDT or USDC then this whole situation Are good only for Bond holders and Stable coins and Fiat currency holders and oil If war continue.
Everything else including gold price likely will do 50% price drop.
Your best assets are:
Oil (only If war still going on .)
Stable coins and Fiat currency.
Bonds private and goverment.
Boom and bust is the natural cycle of the economy for decades, if not centuries. Most intelligent people put their money into the stock market, but they do it consistently with big companies that return them small and steady returns. They put more money in on a regular basis, week after week or month after month. They buy (sensibly) when the market is high and they buy when the market is low. Good companies will weather the storms that are recessions and depressions. Some companies out there pay out their profits in the form of dividends, those dividends have increased year after year for many decades in some cases - like getting a raise on your investment each year. |
|
|
|
Lots of casino giving bonus in different form such as free spin, free bet and bonus deposit but some of applies wagering requirements which is very hard to complete without losing money greater than bonus that you acquired. I know that wagering requirements is calculated by the casino so that can't go bankrupt by abusing this bonus.
I follow Duelbits Christmas giveaway since day one and I still can't find the challenge that I know that I can win.
Does completing bonus is still possible and profitable or it's just like chasing the wind?
At the end of the day casinos and sportbooks are trying to move money out of your wallet into theirs every single day. The most money you ever make from a casino in the form of bonuses will be for the short period of time after you sign up, when they can often give you deposit and freebie welcome offers to give you the illusion that you can make money with them. They want you to sample lots of games and a true gambler will throw all the money that they give away right back into the casino, a wise person would take that money and move to the next place while keeping an eye on any later offers they might be able to make money on. Sometimes their are special days like the super bowl or world cups where you might be able to pick up little morsels of decent promotions, but they are masters at taking your money, in most online casinos every game is tilted in their favor. |
|
|
|
It's looks like in every bear season crypto always gets a bad occurrence to be called a scam, this is why I still look at the whole bad situations that's happening as a planned attack, I am talking about FTX and co.
The Politicians will try to ruin crypto and force KYC on every clean and unclean exchanges out there, this is a good opportunity for them to promote CBDC too because of this FTX fraud but I am here to tell you that FTX and Crypto are not the same things, FTX is a private company that did many bad things behind the curtain and Cryptocurrency is the most fascinating technology that humanity has ever emerge with.
Don't get it confused.
The reality is "private companies" that exist in jurisdictions like the USA and the EU have to follow the rules of those countries. Places like the US also possibly abuse their power when it comes to things like banking or how the US dollar is used in certain ways, effectively enforcing their financial reporting requirements on to smaller countries that cannot ignore their requests. KYC should not be considered a scary thing either if your money has come from legitimate sources - unless you've somehow earned that bitcoin solely through online sources then the banks already know what sort of earnings you are making per year and co-ordinate these things closely with tax agencies, so you're never really hiding much. |
|
|
|
Is there any fighting game like Mortal Kombat where you challenge gamers around the world taking a bet? I don't want to take bet on Mike Tyson or Joshua I want gaming by one self, I believe this is less dependant on Luck, this requires more skill than mere luck.
It would definitely make gambling more entertaining but could actually trigger off a whole new set of nasty addictions, because no only would you be buzzing off the dopamine effect that winning brings with it, but you would also be attaching that high with winning money. It could be a dangerous combination and lead to some nasty outcomes, even if it might make games more exciting than they are currently. Better to stick with things like winning and opening loot boxes than giving gaming studios more ideas. They might also want to stay away from such things because they make a lot of money via other means like micro transactions, selling skins or related products without risking the wrath of politicians. Games often target a younger audience and that can lead to some steep punitive fines if they define the gaming studio as abusive. |
|
|
|
Supposedly, the above text exchange between SBF and Changpeng Zhao of binance, was collected and published by the new york times.
When COVID hit, I read hundreds, if not thousands, of different articles and watched what documentaries I could find published on the topic. To try to get a better idea of what was happening.
With SBF and the FTX crash, I'm doing my best to completely ignore everything about it. But it seems, I randomly stumble across many published pieces like the above which are difficult to believe are real.
It's fascinating to see how these supposedly super intelligent and super rich people really are clueless when things start to run away from them. It just shows you how fragile the crypto markets really are if the owner of one of the biggest exchanges in the world is concerned about FTX selling a batch of $250k in tether tokens. You can tell it was a rather fractious and loose friendship, but they have probably had a few wild nights partying together in the past. I found it really interesting to see all the messages that were exposed from Elon Musk within this batch of conversations, because he also talks very loosely about business deals and definitely does not have any sort of master plan, it's all so reactionary. |
|
|
|
There's a discussion here about a call to make it mandatory for gambling sites to show proof of money they are holding in reserves because of what happened on FTX.
- Do you think The Gambling Industry Is Part Of The Domino Effect That Happens In The Market?
- Will the industry lose the trust of gamblers if one or two casinos scammed their players by closing down and running with what
money they have that belongs to the gamblers?
- As a gambler do you use gambling sites to store your coins like what traders are doing on exchanges?
- What would gamblers think if a casino does not agree to show proof of money from new and old casinos
It seems like a sensible idea but would have to be done in a way that does not expose casino cold wallets to unnecessary risk. If an independent auditor was perhaps involved who could come along or automate a process to look at reserves once or several times a day, that would seem like a good way to do it - as long as the auditor was insured to cover any losses from making a false claim if the casino went out of business. In reality you should not keep very much in your casino wallet anyway, barely enough to cover a days worth of gambling and do not treat it like your secure wallet, that is the safest way to protect yourself if you frequent this sort of website/app often. |
|
|
|
Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
You seem to think that having a new currency miraculously solves problems in a whole bunch of countries, when it does very little. It doesn't matter what currency your bill is priced in if you cannot afford it in apples or oranges. In reality the existing payment networks are actually a lot more efficient when it comes to security, energy usage and traceability to catch people abusing the law. While the blockchain and bitcoin are definitely a novel concept that shows what a future decentralized currency could look like, even Satoshi would say that it was just a proof-of-concept that needs a lot of work before it can scale to support all the world's transactions in a timely and cost effective manner. |
|
|
|
I want to share my own technique on how I overcome my loss. You can share yours too on the comment below.
I recently experienced a heated game session on blackjack that I never experienced before due to I over extent my budget to chase loss. I was down by 200$ while my current bankroll is only 100$. Typically most user will do all in to quickly recover losses but my strategy is to slow down and bet only on craps 5$ on each number. Craps has a low house edge because your only loss is when 7 appear while the rest of the number that you didn’t choose will just result as draw.
Craps pays x2+ per win which is good to slowly recovering my losses. I just continue same bet and stop gambling for a day after I recover 50$ of my bet. I keep doing this per day until I completely recover all my loss slowly and rest for the week.
The slow down bets makes me think clearly and stop me for doing risky bet. This is most important lesson I learned on this messy situation.
You are playing games which you have illusion of control over and admit yourself that the house has an advantage. Unless you switch to a skill based game you are destined to lose all your money slowly forever. It is simple mathematics and worse than that, casinos can quite easily run algorithms that are designed to run you hot and cold during different time periods to entice as much of your money in as possible. The only sensible gamblers out there are those that identify the odds against them, accept that they will not make money against these casinos in the long run and stop playing. These casinos are not charities, they have huge bills to pay and all of that money is coming from the pockets of gamblers just like YOU. |
|
|
|
There is a say that 'the rich gets richer and the poor gets poorer'. Retailers are making more profit than the wholesalers and manufacturer during inflation. The poor always buy from retailers because they are the final consumers, while the rich buys in bulk this means they buy directly from the wholesalers. Last week the bakery in my area closed down,due to inflation in flour price,thinking this will be the solution. There was no bread for three days. After three days,the bakery opened and everybody was happy but this time,the bread price increased with 40 naira. A pack of 6 was sold at 410 naira wholesale price,80 naira for one retail price.This shows that the retailer gets 70 naira profit after selling a pack of 6 which is 480 naira. When the bakery reopened a pack of 6 is sold at 450 naira to the retailer, the retailer now sells 100 per one,i.e 600 for the pack.The wholesaler buys from the bakery at the rate of 360 naira for a pack before shutdown and sells 410 naira, after re-open he buys at 400 to sell at 450 naira.
From calculation we can see that before the bakery shuts down,the wholesaler was making a profit of 14% but after the bakery reopened he makes a profit of 12%. The retailer was making a profit of 17% before shut down but after the bakery reopened, he makes a profit of 33% which is almost double of his profit.
Is it that as long as you are selling essential commodities, inflation doesn't affects your business instead you make more profit.
It's impossible to make such a wide and sweeping statement across all products, at least without evidence, because there are so many factors involved. We are currently in a time of massive inflation which is eating into the profit margins of producers, wholesalers and retailers. Ultimately it is producers and retailers who in most cases control the profit margins at all times because wholesalers are simply middle men who try to make money by buying in bulk amounts from suppliers. The overall state of the economy also plays a big factor because in recessions when times are tight then wholesalers often struggle to shift much stock and can be on the hook for inventory while retailers are ruthless in their pricing offer. |
|
|
|
Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?
In bad times casinos do well, in good times casinos do great. There may be less players with money around during the middle of a recession, but if you consider the very low operating costs of an online casino (at least in comparison to physical casinos), then you can understand that they are massive money makers regardless of the current economic conditions. You would have to find some extremely bad management or a chain of very unlucky events to take down these gambling enterprises which at the biggest level are making their owners millions or tens of millions per year after all other costs are paid. The owners of the biggest casinos here are able to afford some big yachts and if they're wise then they have also diversified. |
|
|
|
|
Show Posts
