Regulating bodies

[Altero]

I think regulation of casino is also like ico too who are different and independent from each. Basically, crypto dealings have not been regulated and this can say more that online businesses are hardly regulated.

Definitely, it won't. Only the regulating bodies can do is to minimize scammers or fake site but in regards into market prices will obviously pretty hard.
Anyways, we and the community itself never wanted to be regulated in the first place and this regulating bodies will making no sense at all. Being in decentralized form will looks great and we can make more profits rather to the market than everything we do there is someone that will stop.
We live this since before and there is nothing need to change, only we asked is to wipe out all fakes ICO's.

[1714117004]

1714117004

[iMark]

Online gambling is very popular nowadays, specially those who also uses crypto for playing. With this popularity, there's ton of gambling sites/operators available. But the problem is who to trust? who plays fair and pays fair?

Are there any regulating bodies that verifies, rates, and promotes gambling sites that is genuinely fair to its customers? Not just on fair plays but also gambling sites that protects its customers identity etc. Thank you.

every gambling site has a provably fair and that guarantees that they have a system that suits what they say. for those who verify, of course each player can do that.
because in crypto there is no regulator like the government, anyone can verify gambling site, assess and rate that site. You can see it in some review about gambling sites in google

[Hypnosis00]

Makes me wonder why do you need help from the regulators. I know this makes it easy and you can be lazy and not do any research and choose a regulated site. If anything happens you will write a complaint. But what if the complaint does nothing? You will have a false sense of security that regulators can protect you but many times they can't or they won't.

It is a tough job for them neither. It is a big challenge for them to track every single transaction in an anonymous community.
Regulating bodies will it looks worthless in this form of environment. Definitely, they can't do their best to solve the problem arises since before and its formulating bodies will turn into nothing.

[creeps]

I think regulation of casino is also like ico too who are different and independent from each. Basically, crypto dealings have not been regulated and this can say more that online businesses are hardly regulated.

Its not that hard to regulate, we just need to know who will regulate that online casino. I believe in every country there should be a regulating body, good online gambling usually have their own license to operate its fair enough if they follow all the rules but we don’t know the transactions under the table. Gambling site online should also be regulated and they need to be registered.

[Oilacris]

I think regulation of casino is also like ico too who are different and independent from each. Basically, crypto dealings have not been regulated and this can say more that online businesses are hardly regulated.

Its not that hard to regulate, we just need to know who will regulate that online casino. I believe in every country there should be a regulating body, good online gambling usually have their own license to operate its fair enough if they follow all the rules but we don’t know the transactions under the table. Gambling site online should also be regulated and they need to be registered.

It should be but the fact that there are gambling sites that are on top now which arent licensed but still able to get on the top of the market share.

Licensing might matter or not on some gamblers but the important thing is that its being trusted by the community and that thing do matters on me anytime.

[squatz1]

I do not think a regulating body is necessary for  crypto gambling. we already have stuff like provable fair gambling and other methods for checking frauds.
We should just regulate more with codes and less with humans for the sake decentralization.

But that doesn't do anything if there's no other sort of regulation, provably fair is only as good as the person verifying it and ensuring that it's done correctly. People could simply say that they're probably fair, fake the checking app on their site, and then everyone is screwed because they never verified themselves.

I'd want these casinos to have to put up some sort of bond to their regulating government, which could be liquidated if need be to satisfy stolen money from customers -- this would be to help weed out the scams. Force people to have some skin in the game.

[Dreamchaser21]

I do not think a regulating body is necessary for  crypto gambling. we already have stuff like provable fair gambling and other methods for checking frauds.
We should just regulate more with codes and less with humans for the sake decentralization.

Regulating crypto gambling doesn't kill decentralization I think, its really for the sake of every gamblers. It should be regulated on the right way, we have to be more safe because cryptomarket are more prone to hackers and if there's no regulation then we can't be sure that our money is safe.

[uneng]

I do not think a regulating body is necessary for  crypto gambling. we already have stuff like provable fair gambling and other methods for checking frauds.
We should just regulate more with codes and less with humans for the sake decentralization.

Regulating crypto gambling doesn't kill decentralization I think, its really for the sake of every gamblers. It should be regulated on the right way, we have to be more safe because cryptomarket are more prone to hackers and if there's no regulation then we can't be sure that our money is safe.

Regulations will just force gamblers to show their personal informations and difficult the work for casino operators. There are enough legit casinos without any regulation, so why to introduce it in crypto gambling too? People who want to play at regulated casinos can try fiat casinos, there are plenty of them.
Better to have different options to play: if you want to play at a regulated one, you can, if you want to play at a unregulated one, you have this option too.

[Micerker]

I always experience the platform published on this forum. Operators with green credibility always bring their fairness and liquidity to the users when they win. Don't try to experience new unverified platforms or proof of payment for that platform.