Regulations in online Gambling sites

[Ucy]

I like their idea to limit the gambling bets for those who couldn't really afford it but couldn't also stop on gambling but the question here is it is really effective?
People would still find a way to cheat it we already see so many KYC policy that has been cheated by so many people so I think this could also be cheated too.
And if this kind of policy would be implemented then I think plenty of people would also make a business out of it making some accounts for the gamblers to buy so that they could continue to gamble.

They actually should be banning/preventing gambling in betting sites. There is a clear difference between Betting and Gambling. Not all bettors are gamblers and not all gamblers are bettors. Allowing this confusion to persist in the law will only continue to lead to more confusions and problems.
Understanding the difference between Gambling and Betting will obviously help them solve lots of gambling problems not just in betting sites/casino, but in other spheres of life, like foods, health, finances, education, etc

[erikoy]

They actually should be banning/preventing gambling in betting sites. There is a clear difference between Betting and Gambling. Not all bettors are gamblers and not all gamblers are bettors. Allowing this confusion to persist in the law will only continue to lead to more confusions and problems.
Understanding the difference between Gambling and Betting will obviously help them solve lots of gambling problems not just in betting sites/casino, but in other spheres of life, like foods, health, finances, education, etc

I am confused with betting and gambling. All i know is that betting is an act of gambling even if we will going to ask google dictionary clearly states that gambling is play games of chance for money; bet. When you bet you are already gambling because when you gamble it means that your money may lose or win. When you bet, you are taking risk in the hope of a desired result - google dictionary

Maybe you are talking about gamblers that gamble moderately and  gamblers that are really gambling addicted.

[semobo]

Of course you can switch-on to VPN: though not advisable. This has caused so many displeased stories on this forum in which gamblers( victims) where queried for not properly read the TOS of some gambling platforms. The use of this VPN can cause frozen of account with some gambling platforms or when detected during withdrawal process funds will be seize and forfeited for violation. While use VPN, be ready for the outcome.

Of course its not fun when a gambler have baned of account because he doesnt read the sites rules carefully. I have logged in several times and gambled on sites that are blocked in my country using a VPN, its just that I didnt experience any problem because all of my bet were lost. Supposedly if the site prohibit the use of VPNs then they also dont accept any bet from the account. I believe the gamblers fault belong, as the site has stated it on the rules. Avoiding risks is the best option.

Site is not going to recognize the usage of VPNs and users are violating their laws for their benefits, still someone can use VPN safe if they are using premium version static dedicated IP proxy so you will never get caught that you are faking your server and 99% you won't get any issues with this method but it still goes against their terms so account will be banned if they found the violations.

Premium version of VPN can't holdback your reward if such gambler find luck to win huge amount from the gambling platform and request be made to know his real identity before withdrawal. Faking stuff on the internet looks good whenever you have nothing to lose, in this case, as a gambler luck can shine on you and win big.

Many of these victims( those using VPN and fortunately win big) always put services on forum service section to find someone from the region to help do KYC, sometimes they don't find and their winnings get lost. 

Gambling site is not going to ask you to complete KYC for every winning bets, if they do that then no one is going to be gamble on it.They will ask for identity verification only if there is suspicious activities on the account logins but when someone is using dedicate VPN all the time then they are going to be safe with that I guess.

[bobyhodob]

I like their idea to limit the gambling bets for those who couldn't really afford it but couldn't also stop on gambling but the question here is it is really effective?
People would still find a way to cheat it we already see so many KYC policy that has been cheated by so many people so I think this could also be cheated too.
And if this kind of policy would be implemented then I think plenty of people would also make a business out of it making some accounts for the gamblers to buy so that they could continue to gamble.

   Legal casinos can limit gambling bets, and they will do that if there is a law about it, they will respect it and follow the rules,
better that than inspection to come and close them. But there will be underground casinos, privacy casinos, they will not ask
any questions, you can spend your money and nobody will ask you about your limits, where you got money from.
   Gotumoot even you say how there will be new business opportunity for people to create accounts for other people, so they
can gamble.

well, if you get such a limit, it will not give freedom to gamblers, and what is worse is that the government can find out who has a very large amount of money assets because surely gambling places that have legality will have their own records and usually records. it is deposited by the government for reporting the data as an archive.

[South Park]

Of course you can switch-on to VPN: though not advisable. This has caused so many displeased stories on this forum in which gamblers( victims) where queried for not properly read the TOS of some gambling platforms. The use of this VPN can cause frozen of account with some gambling platforms or when detected during withdrawal process funds will be seize and forfeited for violation. While use VPN, be ready for the outcome.

Yes, there are casinos that don't allow the use of VPN.

Be sure to read the terms and regulations of that casino before using it. It seems that it's not just about the news that was shared in the original post as there are other regulations of an online casino that can be brought by other members.

Just like the usage of vpn.

I will change that to all casinos, I know that from the point of view of the player this is bothersome but we need to put ourselves in the position of the casinos as well, there are players that for their citizenship cannot play on their casino and the only way they can verify this without forcing you to go through a KYC check is with your IP address and if you mask it then they have no way to know if you are from the same place your IP shows and when you add that many players try to use VPNs to abuse bonuses then it is very clear why casinos do not like their players to use VPN and for the most part prohibit their usage on their TOS.

[DarkDays]

I like their idea to limit the gambling bets for those who couldn't really afford it but couldn't also stop on gambling but the question here is it is really effective?
People would still find a way to cheat it we already see so many KYC policy that has been cheated by so many people so I think this could also be cheated too.
And if this kind of policy would be implemented then I think plenty of people would also make a business out of it making some accounts for the gamblers to buy so that they could continue to gamble.

   Legal casinos can limit gambling bets, and they will do that if there is a law about it, they will respect it and follow the rules,
better that than inspection to come and close them. But there will be underground casinos, privacy casinos, they will not ask
any questions, you can spend your money and nobody will ask you about your limits, where you got money from.
   Gotumoot even you say how there will be new business opportunity for people to create accounts for other people, so they
can gamble.

well, if you get such a limit, it will not give freedom to gamblers, and what is worse is that the government can find out who has a very large amount of money assets because surely gambling places that have legality will have their own records and usually records. it is deposited by the government for reporting the data as an archive.

The ability to remain anonymous in crypto is a growing concern not only for people who make a good amount of money but for any individual who wants no tracing as this was the purpose of decentralization.

Defeating that core value that crypto is known for is going to cut the traffic on a gambling/casino site right down. But in a way it still is an issue if these places want to operate within legal bounds. It is a conundrum and the solution isn't as simple as keeping verifiable records.

The growing issue for this much needed solution is the need for standard grounds, that will apply to places outside of a certain area.
Will we see this happen?  I think this depends on the regulatory bodies lining up with crypto space and as we have seen this is already challenging, alas greater efforts must be made.