You have to prove that you can take the loss

[Fundamentals Of]

This regulation will be problematic to the casinos most especially, because their revenues will surely be diminished because of it. But on the other hand this is actually a good thing to gamblers. Many might be accepting this new initiative with grumbles but this is going to be beneficial to them.

Many will be saved from losing bigger amounts. Many will be saving time. Perhaps many will be kept busy doing something else rather than get too hooked on to gambling.

[erikoy]

This must have a big impact to the profitability of the casinos, especially the regulated ones where gamblers needs to perform the KYC before they can gamble. However, in crypto space where gambling is anonymous, I think there will be no effect, and besides how can we prove to them if they don't know us since they are offering an anonymous gambling platform.

Me, I should not worry as I am a crypto casino gamblers for years already.

Not really you can't prove to them your winnings. We had lucky names provided by the gambler before playing in the gambling platform. There is no need to do KYC if gambling platform does not require it but it could be a good way to.inform them.that you had been comeback from losses by using a single username. This will become a trademark on you and this is a very good revenge for the gambling platform you had joined.

[dothebeats]

If the results are good in the UK you can bet they will implement it elsewhere. It's not that bad, especially when considering that if the gambler loses a lot the government will have to give them social benefits.

Perhaps on countries where social benefits are really good for those with low wages and no work, they might see/feel the need to implement a similar regulation so as to reduce the number of people falling into the debt oblivion. But for real, the general population that gambles contribute to the economy by just losing there alone, and even online gambling opens up jobs for other people especially in these times when one cannot simply visit a gambling house. Why the need for such strict regulations and not something that could help the scene grow?

[Wawa2013]

It's not a good idea to regulate online gambling, because if it comes to regulation, it definitely requires KYC procedures.
And limiting losses is not a profitable action for online casino, if it is realized it will reduce online casino income.Then it is
also possible that many gambling sites will go bankrupt.

[Barnabe]

If the results are good in the UK you can bet they will implement it elsewhere. It's not that bad, especially when considering that if the gambler loses a lot the government will have to give them social benefits.

Perhaps on countries where social benefits are really good for those with low wages and no work, they might see/feel the need to implement a similar regulation so as to reduce the number of people falling into the debt oblivion. But for real, the general population that gambles contribute to the economy by just losing there alone, and even online gambling opens up jobs for other people especially in these times when one cannot simply visit a gambling house. Why the need for such strict regulations and not something that could help the scene grow?

I don't know if letting the gambling industry grow as a whole will benefit the population. The way I see it, they want to allow gambling so that the gambling industry can be controlled and parts of their revenue goes back to the government. But not free enough so that the population do not develop massive gambling addictions (which are bad for the society as a whole).

[Bezobraznike]

It's not a good idea to regulate online gambling, because if it comes to regulation, it definitely requires KYC procedures.
And limiting losses is not a profitable action for online casino, if it is realized it will reduce online casino income.Then it is
also possible that many gambling sites will go bankrupt.

   Wawa2013 these regulations have a goal to control people, it's not about online casinos profit, it's for people to spend
less money on gambling. This will hurt online gambling industry!
   I don't know can use VPN and crypto gambling sites help UK citizens. I would like to hear someone from there to
comment this, it will help us to better understand situation there.

[TalkStar]

Anyway even if it's approved this won't be a problem to most of us crypto gamblers since it's only from the UK while most crypto casinos are regulated by Curacao.

Yeah,,,you are right. This kinda regulations will not gonna change a lot for crypto oriented casinos. After implementing this type of regulations specific gambling platforms who don't allow crypto currency will gonna lose a big number of gamblers for sure and if i am not wrong then gamblers will change looking for crypto accepted gambking destination.

As far as i know professional gamblers don't like to reveal their personal information and when its a matter of gambling they won't love to play with limitations.      

    

[2double0]

I would talk about the situation in US where people are getting stimulus checks worth $1200 and also gambling some bucks out of these. Even if they 'lose and' take those losses for granted, it will be stupid for them to gamble during the worst times of the century. It is not their own money but given as a help to survive the pandemic situation, and gambling is not a thing to do for them till everything settles.

[Ryker1]

Well, this regulation of the gambling casino that has a limit of loss then, --accept where your limit end and should also have a limit on your loss.
Losses £100 will be fine and should not beyond on that amount, this perhaps controls gamblers from addiction, and no more family will suffer if one of the gamblers has a limit upon spending their money. But I think, this is a case per case basis and it will depend on the player's salary per month versus the amount limit should spend in gambling.

[KTChampions]

This regulation will be problematic to the casinos most especially, because their revenues will surely be diminished because of it. But on the other hand this is actually a good thing to gamblers. Many might be accepting this new initiative with grumbles but this is going to be beneficial to them.

Many will be saved from losing bigger amounts. Many will be saving time. Perhaps many will be kept busy doing something else rather than get too hooked on to gambling.

Don't you understand that any costs incurred by the casino will ultimately waste by the players? As in any area where there is a producer/consumer. Players will pay for all changes, and how good they are is a very controversial issue.

[Lordhermes]

What is the government concern with my loss in online gambling as taking loss had been a rule ever since gambling started, I have never seen a case where looser fights over his/her lost tickets for money recovery, this action is out of the box and I don't think bettors can perform such but can only happen in an agent shop.
The important implementation of online gambling kills the trouble aspects of not proving lost bets as the Los happen right in your home with no one to blame for any sort of reasons.

[chaser15]

This kind of implementation might help those people dealing with fiat gambling. As you know, there are people who got hooked up with gambling and can really take those losses. Since fiat is heavily regulated, expect that the government will take action at these people. Proving that people can take those losses is not actually hard to do.

Don't worry though at a crypto-gambling activity. This will never be implemented even we count for decades. Crypto-gambling site will all be regulated but will not face those regulations that fiat gambling casino does especially at the part of the subject of the thread.

[Shasha80]

I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.

[pixie85]

This regulation will be problematic to the casinos most especially, because their revenues will surely be diminished because of it. But on the other hand this is actually a good thing to gamblers. Many might be accepting this new initiative with grumbles but this is going to be beneficial to them.

Many will be saved from losing bigger amounts. Many will be saving time. Perhaps many will be kept busy doing something else rather than get too hooked on to gambling.

There's no regulation yet. It's a conception.

Proposals from the Social Market Foundation (SMF) thinktank

A thinktank it's not even an agency or anything just a group with their own agenda.

They probably want to be hired by the government to start checking people's accounts and their gambling histories and have the pwoer to decide if someone is an addict and should be banned or not.

[LogitechMouse]

Unfortunately now the Government is looking forward to regulate the online Gambling since , the revenues from the offline casinos have taken a strong loss , online Gambling is now being preferred since it's safer and much needed during the pandemic.

It would be for the betterment of the country so I think I would agree with the move of the government to regulate online gambling. Traditional Casinos took a big hit right now decreasing their monthly revenue so much already that is why Government are finding another ways to earn at least and online gambling is the one they are seeing right now.
Now the question is how they will do it. I mean how they can regulate it. Still a proposal though and there is no certainties that this will happen soon.
Regarding to the subject, I can take my losses in gambling but I don't think that I need to prove it .

[Pamadar]

This regulation will be problematic to the casinos most especially, because their revenues will surely be diminished because of it. But on the other hand this is actually a good thing to gamblers. Many might be accepting this new initiative with grumbles but this is going to be beneficial to them.

Many will be saved from losing bigger amounts. Many will be saving time. Perhaps many will be kept busy doing something else rather than get too hooked on to gambling.

There's no regulation yet. It's a conception.

It  needs to balance the opinions of both business owners and those who are proposing this concepts. Government will decide after everything has been voice out.

Proposals from the Social Market Foundation (SMF) thinktank

A thinktank it's not even an agency or anything just a group with their own agenda.

They probably want to be hired by the government to start checking people's accounts and their gambling histories and have the power to decide if someone is an addict and should be banned or not.

And the chance of corrupting them by bribing huge amount of money, especially those rich gamblers that can afford offering huge amount of money.

[robelneo]

According to the source stated , the online Gamblers needs to prove that they can handle the losses . This decision was taken into account after the government had a lot of news regarding the gambling addiction and problem that was arising especially during the pandemic.

It's a proposal by Social Market Foundation therefore still not implemented.

Other than that , one needs to actually follow some rules if this gets cleared:

I wonder how they are going to implement this is this through surveys anyone can lie of course, and if casinos are they going to use lie detector test this is vague and unclear they do want to protect but to the point of proving is like changing the behavior of the gambler totally, they can recommend consultation but not to the point of imposing it to gamblers.

[Eternad]

I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.

Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling.

[JohnBitCo]

According to the source stated , the online Gamblers needs to prove that they can handle the losses . This decision was taken into account after the government had a lot of news regarding the gambling addiction and problem that was arising especially during the pandemic.

It's a proposal by Social Market Foundation therefore still not implemented.

Other than that , one needs to actually follow some rules if this gets cleared:

I wonder how they are going to implement this is this through surveys anyone can lie of course, and if casinos are they going to use lie detector test this is vague and unclear they do want to protect but to the point of proving is like changing the behavior of the gambler totally, they can recommend consultation but not to the point of imposing it to gamblers.

I am unable to understand that Rule. A gambler is already proving by investing in gambling that he can handle the loss. The government needs to understand that people deposit money in gambling and then play. There is no gambling in credit where you have to show the proof of funds. Those who have funds deposit the money and this is the proof that one can lose all this money or win from it.

[Savemore]

I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.

Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling.

There will be no freedom if the government interfere to the rights of the gamblers and online casinos, they should not interfere because it is not their fault if someone losses huge amount of money in gambling. Every gamblers should be aware that there are 5 possibilities whenever they do gambling which is to win big, win small, breakeven, lose small and lose big. With proper knowledge and skills, a certain gambler can minimize the losses and maximize the gains.