You have to prove that you can take the loss

[Pamadar]

I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.

And applying what you have just said, gamblers can fake their info event the government are proposing this it's still up to the gamblers
from how they wanted to be help, this problematic gamblers who are deeply engaged to this business.

They are in need of professional help aside from the one that being provided by their love ones.

[FlightyPouch]

I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.

I thought this cap might be small but I don't think I would be doing what you've said. Its not worth it. The fact that you will be sending funds or bitcoins in that accounts would be really annoying to do and it is not worth my time finding informations to prove KYC I am legit, some doesn't even need one. Still, not worth it, I could use the fees I will be using on that to gamble in one account.

[Genemind]

I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.

I think proving that you can afford your losses will be much easier than creating alts and using fake I.D.'s, which will lead to other offenses when caught. It is not actually the government's responsibility if people ended up getting addicted to gambling, that is why there is sin tax that is imposed to any gambling income which is higher compared to any other taxes, to discourage people from gambling. People are expected to be responsible for their own money and actions.

[dunfida]

I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.

I think proving that you can afford your losses will be much easier than creating alts and using fake I.D.'s, which will lead to other offenses when caught. It is not actually the government's responsibility if people ended up getting addicted to gambling, that is why there is sin tax that is imposed to any gambling income which is higher compared to any other taxes, to discourage people from gambling. People are expected to be responsible for their own money and actions.

It should be but we do know that not all government on each countries would really have similar mindset on how to run things up and ending with this kind of setting up some limitation
which is actually non-sense because its just too small.You are definitely right when it comes to tax on where these businesses do really give out one of the biggest part yet we know
on how much revenue they do generate on annual basis.If they arent really that much to care on that then they will really be imposing this kind of rule but i dont really believe
that they are much of concern into their citizens.They are just slowly or gradually trying to get rid of it for sure.

[Betwrong]

I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.

Education my man, instead banning it, making all sort of regulations, isn't it easier to educate people and to teach them how to have fun and maybe win some money, but never to risk more they can afford to lose..Controling yourself is what you can learn to do, also you can learn how you can enjoy in risky gambling but to not get harmed too much if things go wrong way.

Fortunately, most people are capable of controlling themselves, and that's why gambling is enjoyed by millions, making their lives better. But people are different. Even the same people are different in different periods of their lives. So, I can't agree with your next statement:

Restrictions, limitations, is not good when they are imposed.

As I said earlier, gambling should not be overregulated, but, at the same time, we need some restrictions and limitations for our own good. We are not perfect.

[Barnabe]

I think it is a good one but there is a loop hole in this and they forgot that this is online and people could just easily create multiple account and use fake I.D's to do the KYC.
But I like their idea on having a soft cap on every gambler it would help a lot for those problematic gambler I think it would lessen those who are already addicted to it,
But they also need the help of the people around them to cure their gambling addiction.

And applying what you have just said, gamblers can fake their info event the government are proposing this it's still up to the gamblers
from how they wanted to be help, this problematic gamblers who are deeply engaged to this business.

They are in need of professional help aside from the one that being provided by their love ones.

The gamblers will have the ability to fake their info to the government because maybe they don't want to see other people know how much their losses. I agree that it is better to suggest that they visit professional people to help them solve gambling problems than to prove their loss. Playing gambling needs responsibility from each people not to lose all of their money, and they can prevent the addiction.

Faking these kinds of information would be the equivalent of financial fraud right ? If so, people could even go to jail for faking this.

[Japinat]

Faking these kinds of information would be the equivalent of financial fraud right ? If so, people could even go to jail for faking this.

Indeed, especially if you are faking a government issued ID, that's punishable by law.
There's nothing thy can do if they are not allowed to gamble, as long as there's a low prohibiting them, they should follow or face the consequences.

The best option is to gamble in crypto, use VPN, and gamble on sites that does not require KYC.

IMO, this can be done though risky at the same time also on your end.

[LogitechMouse]

I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.

Education my man, instead banning it, making all sort of regulations, isn't it easier to educate people and to teach them how to have fun and maybe win some money, but never to risk more they can afford to lose..Controling yourself is what you can learn to do, also you can learn how you can enjoy in risky gambling but to not get harmed too much if things go wrong way.
Restrictions, limitations, is not good when they are imposed.

Saying things like "teach them how to control themselves" or "teach them how to gamble with moderation" or "teach them how to limit their gambling spending" is easy but in reality, teaching them is very hard especially most of them are adults already.

They know what they are doing right now and they are not like 5 year old kiddos out there where you can still teach them and they will follow what you said. They will just follow if they experienced something bad that can change their lives for a long time or maybe forever. Educating gamblers isn't as easy as you said bruh. The best thing to educate them is to let them learn themselves. Let them experience the bad and good things about gambling and they are the one to adjust whether they will continue or not.

[Barnabe]

I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.

Education my man, instead banning it, making all sort of regulations, isn't it easier to educate people and to teach them how to have fun and maybe win some money, but never to risk more they can afford to lose..Controling yourself is what you can learn to do, also you can learn how you can enjoy in risky gambling but to not get harmed too much if things go wrong way.
Restrictions, limitations, is not good when they are imposed.

Saying things like "teach them how to control themselves" or "teach them how to gamble with moderation" or "teach them how to limit their gambling spending" is easy but in reality, teaching them is very hard especially most of them are adults already.

They know what they are doing right now and they are not like 5 year old kiddos out there where you can still teach them and they will follow what you said. They will just follow if they experienced something bad that can change their lives for a long time or maybe forever. Educating gamblers isn't as easy as you said bruh. The best thing to educate them is to let them learn themselves. Let them experience the bad and good things about gambling and they are the one to adjust whether they will continue or not.

If we talking about an addiction it's not about learning. Most gamblers are aware they are playing a rigged game, it's just that their brain is "tricked" into thinking it's having fun. Even if they are aware that gambling is bad, they have a sort of irrational craving that will not go away with education or past experiences.

[michellee]

Faking these kinds of information would be the equivalent of financial fraud right ? If so, people could even go to jail for faking this.

Absolutely. By doing that, if they got caught, they can get a double punishment, and that can make them in jail for a long time.

If we talking about an addiction it's not about learning. Most gamblers are aware they are playing a rigged game, it's just that their brain is "tricked" into thinking it's having fun. Even if they are aware that gambling is bad, they have a sort of irrational craving that will not go away with education or past experiences.

The addiction always attracts people to play more, and even if they lose much money, they will still want to play more. What is in their brain is only playing gambling games, whether it's one game or more games, because they find something excited inside the gambling games.

[smyslov]

You can take a loss if you allocating a portion of your money only, it's hard to take a loss if the money is coming from your savings and you are not comfortable at your losses, so if you want to prove that you can take a loss then you must prove that you allocate money that you are comfortable of losing.

[Janation]

You can take a loss if you allocating a portion of your money only, it's hard to take a loss if the money is coming from your savings and you are not comfortable at your losses, so if you want to prove that you can take a loss then you must prove that you allocate money that you are comfortable of losing.

That is the case.

But they are allocating a small amount that even a small gambler like me wouldn't be accepting. The cap that they are talking about is so small and we are talking about monthly here. I am glad that this is just for UK but still, it doesn't mean that we can't control or we can't allocate the money we are gambling despite the cap being low. We can control ourselves and we can afford those losses.

[bitcoinisbest]

You can take a loss if you allocating a portion of your money only, it's hard to take a loss if the money is coming from your savings and you are not comfortable at your losses, so if you want to prove that you can take a loss then you must prove that you allocate money that you are comfortable of losing.

I hope people in this time do not gamble with savings because future for many would be uncertain as I fear that some of the industries might shut down, jobs cuts are already happening and will continue to happen as well. The economy is not doing well and require magic to happen to bring it back to the state where we were before Covid times. It is going to take year or more atleast to start recovering and so savings will help during such hard times.

[adzino]

Stupid law to be honest. I know people are saying that they are "protecting" their citizen, but in fact it looks like they are trying to control their citizen. Why would an adult person would need the confirmation of the government  to gamble? If a person doesn't have money or can't afford to gamble, though he still wants to, but then being stopped by the government might feel really shitty. Instead of taking proper steps to help the unemployed or people in need, they are taking absurd steps like this which shows how incompetent the government is.

[Ucy]

I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.

The problem is that gambling isn't really supposed to be legal or tolerated in the first place. A good law would allow people to only bet but not gamble (*bet but don't gamble*). Gambling is taking big risk in bets. It is opposite of safe/responsible bet.
Gambling is irresponsible, unsafe, risky betting.

[South Park]

Gambling involves money and humans falls for it. People who do not have a good self discipline will end up becoming addicted to ill lose money first if they do not stop at certain level. People think this is sort of free and easy money to make it from gambling and this drives them to gamble and if they lose it then play to recover those lost money. Government in a way doing this to protect such people from it but in the ends, everyone gets covered under such policy.

Those who'll rush in for the bucks will not be stopped by a £100 gambling limit anyway. They'll seek other ways to get rich out of nothing and fall in the said trap instead, so it's going to have the same (or a possibly even worse) outcome. Some people spend a lot of money on alcohol - should we impose a spending limit per month? Doesn't make sense. We should take care of ourselves.

And this shows why trying to impose limits to those people is not a solution at all, on the surface it may seem to be a solution but the people that gamble compulsively or are addicted to it even if they were unable to get around that limit then they would use that money for something else that will have the very same result, and in the process this law will affect the free market and many casinos and jobs will be out of the economy something that we cannot really afford to lose when we are in the middle of an economic crisis caused by the pandemic.

[BuNga_cute]

I think the government with this regulation wants to control financial citizens, so it is reasonable to overcome gambling addicts.
Like the SEC and IRS government agencies trying to track crypto on the grounds of illegal activities.Even though all these things
are done by the government to control everything. I don't think the money-limiting rules for gambling will be runs well, considering
that people will still spend their money in other ways, if they are addicted. The best solution is to expand the rehabilitation center
for gambling addicts for free.

[KTChampions]

As practice shows, government agencies are absolutely indifferent to the effectiveness of their work - so you think about such details, but those who promote such regulation do not. That is why I am in favor of reducing government regulation in all areas (and in gambling too), since it is ineffective.

Of course the government can do it, but they dont want to change the rules they have made. Many rules from all lines of government must be changed, but who cares. People are those who have to comply with government regulation and anyone who violates them will be sanctioned. I would also argue that if thats for the best, reducing the rules might be a socially acceptable solution.

This is the main problem of officials/bureaucracy in any country and system of government: in the end, they are only interested in people needing them. In fact, they are interested in creating problems that can be solved only with their help.

[Ronaldcoin2017]

Before we do gambling we must consider the fact that in gambling we cannot really win everytime, there are sometimes loss and we cannot deny it. I believe that if we do gambling we can gain a lot of profit if we have a good luck and if we dont have the luck we can lose our funds or even everything on it. So before we do gambling we also need to take the posible loss, i suggest to make a limit on gambling so that we can take the loss if we loss on it.

[DevilSlayer]

Before we do gambling we must consider the fact that in gambling we cannot really win everytime, there are sometimes loss and we cannot deny it. I believe that if we do gambling we can gain a lot of profit if we have a good luck and if we dont have the luck we can lose our funds or even everything on it. So before we do gambling we also need to take the posible loss, i suggest to make a limit on gambling so that we can take the loss if we loss on it.

There is only two outcomes and it is whether you win or you will incur losses, most of the people who want to make deposit in many online casinos because they are aware ti the potential reward and only few of them understand the risks and it is the reason why majority of them are losing money. When there is money involved, our greed push us where we cannot control out thoughts anymore and we are creating decisions which is really not good. Proper risk management should be master first before a certain gambler invest huge amount of money in a certain online casinos.