Illegal gambling in Asian football increased partly because of crypto?

[rosezionjohn]

That's according to this news report https://uk.reuters.com/article/uk-soccer-asia-corruption/soccer-asia-sees-sharp-decline-in-match-fixing-says-afc-idUKKBN2080EN

After linking bitcoin and other crypto with money laundering and online crimes, here comes another issue 

...traditional payments from financial institutions and wire transfers have switched to methods like cryptocurrencies or even payment in kind.

We have observed an increase in adoption of cryptocurrency as a payment method for illegal activities and a medium to bet.

It doesn't sound good that crypto is being used by illegal gamblers but it is just a medium of exchange that any individual can spend like fiats. I guess they found crypto, being borderless and censorship resistant currency, more practical to use for gambling.

[1713240278]

1713240278

[1713240278]

1713240278

[1713240278]

1713240278

[1713240278]

1713240278

[1713240278]

1713240278

[tyKiwanuka]

Crypto is of course being used for a lot of criminal activities and illegal gambling and match fixing is one of them due to the reasons you mentioned. Kidnappers, Hackers etc. often ask for Bitcoin as ransom. But fiat has been used for that as well in the past. And knives have been used for not only cutting your bread, but also to murder people.

People will always misuse good meant inventions for bad things. It's something we have to accept as part of the game of life in general.

[stomachgrowls]

-snip-

What would you expect? They would really post up issues into things as long they do saw that it do increase criminality rate or transactions without even
thinking up that this had been done on fiat since in the beginning.You cant stop people not to use up crypto yet we know that its one of its main features
is anonymity or untraceable.Well, this is just an another negative news or image for Crypto once again.

[wozzek23]

Bitcoin has certainly increased the levels of match-fixing and online betting in Asian countries because there are countries like India for instance where gambling is actually banned, (Indian laws allow skill betting but not luck based gambling) people on such countries are overjoyed by the introduction of bitcoins not because they don't have to pay taxes on bitcoins but also because bitcoin gambling casinos do not ask for any sort of ID proofs or anything and that gives such gamblers a huge advantage and when there is more betting there will obviously be more match fixing and such incidents.

Match fixing is more common because Asian countries struggle to make money and so the players from their country and hence a soft target for big gamblers.

[jademaxsuy]

That's according to this news report https://uk.reuters.com/article/uk-soccer-asia-corruption/soccer-asia-sees-sharp-decline-in-match-fixing-says-afc-idUKKBN2080EN

After linking bitcoin and other crypto with money laundering and online crimes, here comes another issue 

...traditional payments from financial institutions and wire transfers have switched to methods like cryptocurrencies or even payment in kind.

We have observed an increase in adoption of cryptocurrency as a payment method for illegal activities and a medium to bet.

It doesn't sound good that crypto is being used by illegal gamblers but it is just a medium of exchange that any individual can spend like fiats. I guess they found crypto, being borderless and censorship resistant currency, more practical to use for gambling.

I am not surprised that cryptocurrency are used in criminal activities. Cryptocurrency are rival to local services in my opinion because no one will use theif services and would only use cryptocurrency services to send or make transactions. We all know that there is a service where you can use to send money but it is under management goverment unlike cryptocurrency which you don't have to go through verification and other stuff.

[dothebeats]

Well what do you expect? Cryptocurrency has allowed the gates of illegal gambling to open since it offers anonymity for those who wish to use it. Underground economies will always exist no matter how hard the governments impose the bans on certain facets of the economy.

At this point in time, people should accept the fact that bitcoin will always have its two sides: the one that the government hates and the one that the masses acknowledge. Most countries in Asia prohibit online gambling and want their citizens to just go to their accredited gambling houses instead. People patronizing online gambling over traditional gambling houses hurts the economy. Then again, we know that online gambling offers far more flexible, enjoyable and winnable games compared to what your local casino offers.

[harizen]

The subject didn't really point out that because of crypto, illegal gambling increases "in general". If we will understand the context and since there is no such thing as hard regulation in crypto gambling, betting in crypto is easy as 1,2,3 and everyone can bet without KYC or verification unlike regulated fiat-gambling, it opens opportunities to other people leaving in an area to gamble even gambling activity there was illegal. Plus there are crypto-gambling sites that operate without a license.

Illegal gamblers on the article literally not doing illegal things like taking drugs, kidnapping or any forms of the usual "illegal" activity we have known. They just became illegal because they are doing gambling under a country or areas where gambling is prohibited. If we bring these illegal gamblers into a gambling-free country,  they will not be called that way obviously.

Actually the subject is pointing out that fixed-matches in Soccer Asia now decline over the past 6 years on which more information can be found by reading the article shared by OP.

[serjent05]

It is a no brainer for someone who wanted to stay anonymous to use a method that will keep them unknown.  And ever since the history of cryptocurrency, it always had been used in illegal trades and transactions.  But they should not blame cryptocurrency for it because as OP stated, it is just a medium of exchange same as fiat currency.

As of the increase of illegal gambling, I do not think that the existence of crypto has a major role in that. And the article stated that there is actually a sharp decline in these illegal activities even with this crypto option as means of transaction.  

[barbara44]

It doesn't sound good that crypto is being used by illegal gamblers but it is just a medium of exchange that any individual can spend like fiats. I guess they found crypto, being borderless and censorship resistant currency, more practical to use for gambling.

Yes you are right like hackers now a days use it for ransomware hacks. But on a flip-side, when bitcoins did not existed it's not that there were no crimes and we were living in the golden age. I mean hackers and gamblers will always find a too for their gambling for instance there was Liberty reserve earlier which was almost serving the purpose of bitcoins and now there is Perfectmoney but LR and PM both being controlled by some organizations will always have their limitations though.

What I mean to say is that we will always have a tool that people will use for gambler and other activities and I personally see no problem if someone earns money and gambles it, it's their money and hey should have the power to spend it.

[DoublerHunter]

That is a very common thing since Bitcoin is anonymous, that is the reason why we could not blame every law that had been implemented of each country has. Governments are always chasing on those gambling companies that not registered and licensed to operate. This is the fact that Bitcoin might be used in such illegal activities. In this case, not only gambling is prone to illegal activities or even money laundering. Bitcoin mixers services or also known as tumblers are prone to criminal activities. This is what crypto works, as a users, we have our own responsibilities to use into the good stuff.

[bearexin]

Crypto is of course being used for a lot of criminal activities and illegal gambling and match fixing is one of them due to the reasons you mentioned. Kidnappers, Hackers etc. often ask for Bitcoin as ransom. But fiat has been used for that as well in the past. And knives have been used for not only cutting your bread, but also to murder people.

That's true with every advantage will come a dis-advantage because bitcoins being controlled by people means that it's people who decide which purpose bitcoins will be used for.

People will always misuse good meant inventions for bad things. It's something we have to accept as part of the game of life in general.

Not really, if countries can restrict access to such websites maybe that will reduce the gambling to at least some number but I know most of the people who are into gambling and crypto will already know about VPNs and other stuff so it's almost impossible to stop such things like you rightly mentioned, part of the life.

[tyKiwanuka]

People will always misuse good meant inventions for bad things. It's something we have to accept as part of the game of life in general.

Not really, if countries can restrict access to such websites maybe that will reduce the gambling to at least some number but I know most of the people who are into gambling and crypto will already know about VPNs and other stuff so it's almost impossible to stop such things like you rightly mentioned, part of the life.

That last paragraph was more headed towards the fact, that you can't stop selling knives for example, just because people misuse them for murdering other people. There is a lot of things that are misused for bad purposes and not for the usecase it was intended to. Even cars are used as weapons nowadays sadly. This is also the point Kim Dotcom used to defend Megaupload and I think he is right in arguing like that. He just provided a platform, where users could easily exchange big amounts of data, that couldn't be sent via email for example. People then misused his platform to share all kind of copyright stuff like music, videos, whatever. I don't think he was sad about it, because it brought him shitloads of money, but it (probably ) wasn't his intention. 

So just because crypto is used for illegal gambling activities, doesn't make crypto a bad thing per se. Restricting access to certain websites is never a good thing imo, you are just opening Pandoras box with it, because where is the boundary ?!

[chaser15]

Crypto being used in illegal activities is not really highlighted in the article. It just mentioned once which is obvious that crypto-gambling is not that strict and govern by any regulations.

The article didn't really mean that crypto is most used in illegal activities, there is no statement for that. It just that it was seen contributing to the advantages of those people who want to do illegal gambling since they playing anonymously here.

Don't take this issue as a big deal. The point here of the article is, game-fixing activities minimizes this past year which is a good sign of a healthy sports.

[Haunebu]

What a surprise! Honestly, the crypto community has gotten used to this sort of news on a regular basis op. Negative propaganda against crypto is not a new thing since majority of the news regarding cryptocurrencies is negative propaganda.

We have learnt to dismiss this sort of news over time since we believe the positive aspects of cryptocurrencies outweigh its disadvantages. This is the primary reason why Bitcoin and other major cryptocurrencies have survived for so long and will continue surviving for a long period of time.

[Pmalek]

Lets not kid ourselves here. Illegal gambling has been around far longer than Bitcoin. Bitcoin is just one small part of a problem that has far more deeper roots than that. it's not like match fixing was invented following the release of the Bitcoin Whitepaper.
But Bitcoin has already gotten used to being a scapegoat so that is nothing new.

[shoreno]

its because gambling in asia is already popular and it became more popular because of the release of crypto    . football games or sports game is also becoming popular and many illegal sites pop up lately   . ilegal because these sites dont have licenses or permit to operate  . after the release of crypto  , many people then relate it to crimes and bad doings   .  its too obvious that those people only want to damage the reputation of cryptocurrencies but for the avid users of crypto we know the real truth   .

[btc78]

its because gambling in asia is already popular and it became more popular because of the release of crypto    . football games or sports game is also becoming popular and many illegal sites pop up lately   . ilegal because these sites dont have licenses or permit to operate  . after the release of crypto  , many people then relate it to crimes and bad doings   .  its too obvious that those people only want to damage the reputation of cryptocurrencies but for the avid users of crypto we know the real truth   .

just like other illegal Bookies worldwide,these people are always looking for place to earn easy way and that is why those latest Gambling that can be uses by Crypto is the best place they know.
and expect more of this kind when other games come in future.

Lets not kid ourselves here. Illegal gambling has been around far longer than Bitcoin. Bitcoin is just one small part of a problem that has far more deeper roots than that. it's not like match fixing was invented following the release of the Bitcoin Whitepaper.
But Bitcoin has already gotten used to being a scapegoat so that is nothing new.

exactly but the thing here is even what kind of gambling are we talking still they can copy the games to have illegal counterpart and in this they are experts.

[Mumbeeptind1963]

its because gambling in asia is already popular and it became more popular because of the release of crypto    . football games or sports game is also becoming popular and many illegal sites pop up lately   . ilegal because these sites dont have licenses or permit to operate  . after the release of crypto  , many people then relate it to crimes and bad doings   .  its too obvious that those people only want to damage the reputation of cryptocurrencies but for the avid users of crypto we know the real truth   .

That's true, gambling become more popular when crypto become part of it but it doesn't mean it is the reason why illegal gambling increase. It is still depend to the users because they used crypto to do illegal transaction or gambling. The users of crypto should be the one who blame because crypto is just a tool but the user still do bad thing by using o crypto.

[Bttzed03]

They say partly now because the numbers aren't concerning for them yet but when these organized illegal gambling groups are able to gain numbers again, they will probably blame it all on cryptocurrencies.

~
its too obvious that those people only want to damage the reputation of cryptocurrencies

You mean the illegal gamblers? Nah, they wouldn't really care if the reputation of crypto is damaged or not because of their involvement. All they want is the money they can get.

[Ailmand]

Cryptocurrency had become a safe haven for illegal activities. It is not actually shocking that illegal gambling will use crypto in their activities since it offers anonymity. It is just sad that Satoshi dis not intend for crypto to be used to that extent.