[ANN] BETFORM - Smart contract powered social betting platform

[Oblivion_V]

There are tons of projects here in cryptospace that bears the same platform-gambling. It is a way of looking for your luck or chance but sometimes ended up with some bad luck and misfortune but since it is a crypto-project, anyone can be opted to choose whether to gamble or not and since it is crypto, they can actually support this project without gambling at all, just adopt, invest or trade with this later.

When most people talk about gambling, beneficial effects rarely come up in the conversation.  Do you know that gambling stimulate Local Economies

What do you mean by this? In which ways gambling stimulate Local Economies?
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[MAFTRADER]

where you guys based in ?

how about legal structure ?

[Little_Joe]

There are tons of projects here in cryptospace that bears the same platform-gambling. It is a way of looking for your luck or chance but sometimes ended up with some bad luck and misfortune but since it is a crypto-project, anyone can be opted to choose whether to gamble or not and since it is crypto, they can actually support this project without gambling at all, just adopt, invest or trade with this later.

When most people talk about gambling, beneficial effects rarely come up in the conversation.  Do you know that gambling stimulate Local Economies

What do you mean by this? In which ways gambling stimulate Local Economies?

When you can attract thousands of people from outside your area to come and do business with you, some of the money they bring will be spent on local businesses around you. Also, you’ll spend the money you earn, thus contributing back to the economy.

If you understand what I mean...

[Kisleav]

the project is eye catching but i dont understand the social betting mechanism, will the system have sports betting, is the project going to be a betting site, maybe a simple brief about this project will help me.

[isildur777]

I have an interesting statement:
Yes, you will probably lose money when you gamble but if you have fun doing so, what is the difference between losing $200 at a casino and spending $200 on expensive tickets for a show or sporting event? You still had fun. You still went home safe and satisfied.

[Alid]

I have an interesting statement:
Yes, you will probably lose money when you gamble but if you have fun doing so, what is the difference between losing $200 at a casino and spending $200 on expensive tickets for a show or sporting event? You still had fun. You still went home safe and satisfied.

There are always winners in gambling. I don’t mean “the house always wins”, although that is most often true. I mean that every day casinos and racing tracks pay out large sums to people who “beat the odds”. So you just may find yourself with an unexpected, delightful windfall.

[Sergik95]

Do you pay taxes on your  winnings?

[Juzzz_time]

Do you pay taxes on your  winnings?

I think this is one of the features of the project -without taxes.

[Wanderer747]

The project is very attractive for investment! I believe that in the future it will be very successful among users! It is necessary to pay great attention to the project.

I didn't really like the game mode. It's like a game from the nineties.

[Oblivion_V]

There are tons of projects here in cryptospace that bears the same platform-gambling. It is a way of looking for your luck or chance but sometimes ended up with some bad luck and misfortune but since it is a crypto-project, anyone can be opted to choose whether to gamble or not and since it is crypto, they can actually support this project without gambling at all, just adopt, invest or trade with this later.

When most people talk about gambling, beneficial effects rarely come up in the conversation.  Do you know that gambling stimulate Local Economies

What do you mean by this? In which ways gambling stimulate Local Economies?

When you can attract thousands of people from outside your area to come and do business with you, some of the money they bring will be spent on local businesses around you. Also, you’ll spend the money you earn, thus contributing back to the economy.

If you understand what I mean...

what are you talking about? We are dealing with the decentralization of the platform.
If you understand what I mean...

[Quisel]

When will the mobile app release? Interesting to see what the team can achieve

[Pairianita]

When will the mobile app release? Interesting to see what the team can achieve

You can test the web version of the application. This is available on the official website.

[BTC_stone]

Does your project is legal? Similar projects are prohibited in some countries

[Revolt_ED]

Does your project is legal? Similar projects are prohibited in some countries

Gambling is a highly - regulated segment which requires legal compliance in different countries. As a result, part of ITS proceeds will be used to cover costs of legal services and licenses.

[BTC_stone]

Does your project is legal? Similar projects are prohibited in some countries

Gambling is a highly - regulated segment which requires legal compliance in different countries. As a result, part of ITS proceeds will be used to cover costs of legal services and licenses.

Where did you get this information?

[Revolt_ED]

Does your project is legal? Similar projects are prohibited in some countries

Gambling is a highly - regulated segment which requires legal compliance in different countries. As a result, part of ITS proceeds will be used to cover costs of legal services and licenses.

Where did you get this information?

You can get more information in white paper. Please, take it:  https://www.betformcoin.io/Betform-White%20paper%202018_03.pdf

[Sergik95]

Gambling is the primary source of revenue for governments of several countries. However, most countries have outlawed online gambling or imposed stringent laws on them.

[Bobby_VI]

Gambling is the primary source of revenue for governments of several countries. However, most countries have outlawed online gambling or imposed stringent laws on them.

And what to do with it? Will we have to break the law?

[Sergik95]

Gambling is the primary source of revenue for governments of several countries. However, most countries have outlawed online gambling or imposed stringent laws on them.

And what to do with it? Will we have to break the law?

Taxes!
Due to the ease in the rules on online gambling, the governments receive a significant amount of revenue in the form of taxes, which is used for the welfare of the society. This form of gambling also creates employment opportunities across the globe.

[isildur777]

Gambling is the primary source of revenue for governments of several countries. However, most countries have outlawed online gambling or imposed stringent laws on them.

And what to do with it? Will we have to break the law?

Taxes!
Due to the ease in the rules on online gambling, the governments receive a significant amount of revenue in the form of taxes, which is used for the welfare of the society. This form of gambling also creates employment opportunities across the globe.

I would like to add gambling is not something that is not to be taken for granted. There may have been many negative social issues linked to it, but it has definitely brought many good things to the society as a whole. People can maintain the industry and protect it by implementation of the right guidelines and regulations.