China crackdown against gambling streaming

[Pierre 2]

I am not deeply informed with China but as far as I contacted with Turk friends living around China, they say internet in China is barely usable without vpn. Like most of educated people are already using vpns. So banning them out may be not so important for group of people that know how to deal with it. But it's still bad for platforms and streams if they are making more money through gambling ads. Pretty sure gambling sponsors were paying well.

[cabron]

They have been banning casinos and gambling sites in their country for as long as I can remember. Took them a long time to also crack down on the advertisers of casinos, it should have been done a long time ago.

But this crackdown is just in their country so I don't see this going to affect crypto casino's revenue nor players. Those Chinese gamblers who are already playing in Bitcoin casinos know well enough to avoid getting caught.

So if Chinese gamblers continue to gamble on online platforms (using VPN or whatever methods) and if the casino operator in China also continues their business the direct effect of these restrictions only be on the gambling steamers 

I guess the main purpose of this ban was to stop people from gambling, as when people will not see gambling streams they may not be tempted to gamble, but here it seems that the Chinese government is targeting the wrong audience and only the gamblers streamers are going to suffer and they are being at the edge of starving and getting hanged.

It must be for the streamers. Personally, I have not seen any Chinese steamers and if there are, they may not be living in the mainland. Most probably just in Hong Kong or somewhere abroad. It must be targeting those Chinese steamers from abroad, they are the ones who can influence more knowing well he refuses to bow down to the dragon while promoting their Chinese online casinos. Baidu may not index them but word of mouth spreads like wildfire on Wechat.

[maydna]

So if Chinese gamblers continue to gamble on online platforms (using VPN or whatever methods) and if the casino operator in China also continues their business the direct effect of these restrictions only be on the gambling steamers 

I guess the main purpose of this ban was to stop people from gambling, as when people will not see gambling streams they may not be tempted to gamble, but here it seems that the Chinese government is targeting the wrong audience and only the gamblers streamers are going to suffer and they are being at the edge of starving and getting hanged.

The gambling ban may have worked, but it still can't stop people from China from stopping gambling because with what they can do, they can go back to any casino site they want. But if it is aimed at reducing the number of gamblers who are addicted to gambling, maybe that could also work. Still, the Chinese government must provide facilities in the form of rehabilitation centers for people who are already experiencing gambling addiction.

Well, it remains to be seen, and we await how it goes. Will it succeed or fail because people in China can gamble at online casinos easily? But hopefully, the Chinese government can think about the impact on the gambling business in their country.

[darewaller]

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

What I know is that gambling is already restricted in China, so if this new law only applies to some forms of gambling in their country, then the effect is not going to be massive. China is still strong even after this news because they still have other sources to generate a revenue, and those said streaming platforms can still allow other contents. I have no problem with illegal gambling being blocked because this could mean that those gambling companies are not paying their tax well. This is one of the risk operating an illegal business or using their service if you are a customer because your money can get stuck on them once they got busted out by the authorities.

[Casdinyard]

they do this to spite their neighboring countries who are pretty much accepting of gambling and all other stuff. While there's logic and good intent behind banning gambling streams and illegal gambling operations, I have never seen a country like China go so far as to issue a crackdown on such operations which would probably cost millions of dollars to process. And while you are right about the part where their banning and crackdowns cause a massive cascade of negative eventualities in the market, it's not so consequential that the whole market wouldn't be able to recover because of it or something. If anything it's going to be a whole month of negativity, and then the next thing we know we've forgotten all about it already.

[iv4n]

I think that the Chinese government is trying to crack down on crypto, and crypto gambling as well, but I can't say they are very successful with their intentions, at least in what I saw in the previous years. Big words and big warning signs ended up as nothing. So whatever the Chinese government says there is a different meaning behind that.

I would like to see some comments directly from some people who live there, and how these restrictions (if there are any restrictions) affect people who live there. And they can share with us does VPN works well for avoiding these restrictions.

[goaldigger]

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

They have the strict policy when it comes to gambling and if its illegal, you can expect to end with the same faith.
Their regulations also are trying to destabilized crypto many times already, and this is not new anymore as they are trying to force their people to use their own currency and they even made their own digital currency just to compete with crypto. The market of China is huge, and that's why many markets are affected when they started to regulate it, but the good thing is they can't totally influence the whole Crypto market and the effect is only temporary.

[Westinhome]

they do this to spite their neighboring countries who are pretty much accepting of gambling and all other stuff. While there's logic and good intent behind banning gambling streams and illegal gambling operations, I have never seen a country like China go so far as to issue a crackdown on such operations which would probably cost millions of dollars to process. And while you are right about the part where their banning and crackdowns cause a massive cascade of negative eventualities in the market, it's not so consequential that the whole market wouldn't be able to recover because of it or something. If anything it's going to be a whole month of negativity, and then the next thing we know we've forgotten all about it already.

China is the strong economy with highest population density,So the minor involvement of the people in any activities will reflect in the entire economy.This was the foremost reason for the China to ban the crypto mining.Because the gambling may give negative impact to their economy,for this reason China may ban the gambling in their country.China already crack down the cryptocurrency movement in their country,this may be the steps to reduce the crypto based gambling site.From the crypto gambling,the people are force to buy the cryptocurrency.Then the winnings also in crypto which increase the crypto flow into their economy.

[Johnyz]

I am not deeply informed with China but as far as I contacted with Turk friends living around China, they say internet in China is barely usable without vpn. Like most of educated people are already using vpns. So banning them out may be not so important for group of people that know how to deal with it. But it's still bad for platforms and streams if they are making more money through gambling ads. Pretty sure gambling sponsors were paying well.

That’s because their government still wants to have control over their people, good thing is that the technology are more advance now and using VPN is a good option. Unfortunately, VPN is restricted to many platforms as well so make sure before using this, you know their TOS. Banning crypto was an old strategy with the Chinese government, we’ve seen a lot of this in the past and I think there’s still a chance for the China to change their side with crypto, they are trying to influence the market but they can’t last.

[TimeTeller]

I am not deeply informed with China but as far as I contacted with Turk friends living around China, they say internet in China is barely usable without vpn. Like most of educated people are already using vpns. So banning them out may be not so important for group of people that know how to deal with it. But it's still bad for platforms and streams if they are making more money through gambling ads. Pretty sure gambling sponsors were paying well.

That’s because their government still wants to have control over their people, good thing is that the technology are more advance now and using VPN is a good option. Unfortunately, VPN is restricted to many platforms as well so make sure before using this, you know their TOS. Banning crypto was an old strategy with the Chinese government, we’ve seen a lot of this in the past and I think there’s still a chance for the China to change their side with crypto, they are trying to influence the market but they can’t last.

They already tried to ban the usage of crypto, but still some of its citizens are continuously using or mining crypto.
Some of them got out of their country just to continue mining crypto. And I don't think they can totally crackdown gambling.
Gambling is actually a part of their daily activities, for most of its people. So definitely, they will find out ways how to go around with it.
And as we have seen, when China announced to the world about the banning of crypto, they may have caused a sudden drop, but btc goes up again.
This showed that even China can't make bitcoin disappear in this market. And so with their gambling platforms.

[Blowon]

Yes, China is very strict in regulating gambling. they are called the country with the greatest economic power not just a title. even by blocking live streaming gambling they must have a lot to lose from live streaming revenue for their country. but this is all done to discipline their citizens so that they are not easily tempted by fast money and teach their citizens to keep working hard.

[Mr.suevie]

Yes, China is very strict in regulating gambling. they are called the country with the greatest economic power not just a title. even by blocking live streaming gambling they must have a lot to lose from live streaming revenue for their country. but this is all done to discipline their citizens so that they are not easily tempted by fast money and teach their citizens to keep working hard.

and you feel this kind of lesson is effective in a nation where the population is about one billion plus citizens? Although they are strict indeed but there are certain regulations that the Chinese government put into place that really confuses me and this particular blocking of live stream gambling is one of them. If it was north Korea who carried out this action it won't have been strange to me as the nation itself is called a community beyond bizzare regulations.

[Ulven]

China's choices in several industries could affect the entire world. These industries are impacted globally by recent decisions like the prohibition on Bitcoin and the elimination of live streaming on content platforms. The worldwide gaming business may not be immediately harmed by the gambling prohibition, but Chinese users on foreign gambling sites may decrease. China is cracking down on illegal betting and payments as part of more comprehensive laws aimed at limiting illegal activity within its borders. Particularly if they have Chinese clients or financial ties, these moves have the potential to disrupt platforms and have an impact on the worldwide gaming sector. Monitoring these changes is essential since they have the potential to continue influencing international industries.

[Chikito]

Will this gambling ban affect the overall gambling business worldwide?

I think not, because as we saw before, Bitcoin is fine even banned in China. maybe the effect is only short-lived after the government announcement. After that, it will return to normal like before. I admit, that China is one of the big countries that have public where play gambling everywhere. In China, play gambling is also considered a waste of bad luck, so that situation, whatever rules are made by the government, I think is not a waste of the public ability to play what they want.

[Peanutswar]

If the country is not yet lift banned and there are a lot of users using cryptocurrency at that time and make a new rule that there's a ban on using crypto that's the time the market will make price changes because most of the people surely obey the rules of their country but if the country does not too much contribute with the market circulation of top hodlers I guess there's no much impact on this. People still have other options if they will adopt the use of the crypto or not. In this case I guess not have too much impact.