Regulations in online Gambling sites

[RokokGudangGaram]

I very recently read a news regarding how one has to prove that , they can afford the loss of even 100 euro.

snip


According to them they are looking forward for controlling the gambling of low income households and for the high income households they want to show them how they have to control their habits of gambling per-se

People are not bots.
They are very aware of what they are doing at the same time they could have opened the care system or something for them instead of controlling them like this , Because at the end of the day they cannot influence each and everything just like that .

It is done with good intentions but forcing people to follow rules will never go well with anyone.

What is your take on this ?

This news actually paves a way further into how the governmental bodies plan on regulating the online casinos especially the crypto ones .

I have read about that as well and I do not like it, I understand intention behind this proposed law but it is ridiculous, if people want to gamble their money away then that it is their choice, they earn the money that they are using to gamble and they should be free to use their money as they see fit, this is just another attempt by governments to try to control the behaviour of people through money, fortunately for us those days are coming to an end as they are not going to be able to do the same with the gamblers that prefer to use bitcoin.

I have just read this now but I highly think that you are right. People are capable to think rationally, and if they let their emotions lead their way, it is their decision. With the history of the government interfering with things to be advantageous on their end, it is hard not to think that they have hidden agendas.

[bitbunnny]

when gambling is not safe, everything has a risk and the government should not be able to minimize that risk because the risk can be minimized by the gambler himself, so be careful when you want to gamble and as much as possible to be able to control your emotions when you lose, take a short break .

But only a few gamblers can minimize the risk by not using too big money, and they can control emotions while gambling. The rest of them will use more money to gamble because they can not control emotions. If the government can protect the gambler, maybe the government can prevent the number of addicted people in gambling. But still, that is hard to see that will happen because the gambler will search the other website to still gambling.

Exactly, addicted gamblers will always find their way to gamble and I don't see how this could be prevented in efficient way. Gambling addiction is aa serious as amy other addictiin so it's reasonable that governments try to find the way to keep that under control. However, I don't know how this could be possible in reality and not to cut some rights for everyone else which is not good.

[Twentyonepaylots]

when gambling is not safe, everything has a risk and the government should not be able to minimize that risk because the risk can be minimized by the gambler himself, so be careful when you want to gamble and as much as possible to be able to control your emotions when you lose, take a short break .

But only a few gamblers can minimize the risk by not using too big money, and they can control emotions while gambling. The rest of them will use more money to gamble because they can not control emotions. If the government can protect the gambler, maybe the government can prevent the number of addicted people in gambling. But still, that is hard to see that will happen because the gambler will search the other website to still gambling.

When you're playing low you just need to stick on the single idea that you don't need to rush or else accept that you can lose easily. Being a gambler is more of what most of the people think, it is a profession itself that needs some aspect to function properly like discipline, management, etc. Playing with a decent amount of money has to be always on the safe side, not risking all or much more than the half, just a small bits can be a huge winning. Government protecting the gamblers? We already have a state laws about it, don't need to worry with that stuff.

[freedomgo]

Exactly, addicted gamblers will always find their way to gamble and I don't see how this could be prevented in efficient way.

Do you think that addicted gamblers breaking the law will not get the sanction or penalty if they got caught?
This would at least give addicted gamblers a hard time to gamble until they realized their mistakes and give up as the restriction is actually to prevent people from getting addicted and for addicted to minimize their gambling habit.

Gambling addiction is aa serious as amy other addictiin so it's reasonable that governments try to find the way to keep that under control. However, I don't know how this could be possible in reality and not to cut some rights for everyone else which is not good.

Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

[DoublerHunter]

~snip~
Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

^ There's no need to have this if everyone will follow the rules and regulations by the government. I agree on the post of OP related to the government that every gambler should have a limit to spend in gambling. It means there is no become gambling addict if everyone will follow. It is a simple regulation but I think had a good result. Nevertheless, this also has an effect on online gambling casino, since in traditional casinos have regulation and using cryptocurrency is unregulated, probably gamblers will switch to a crypto online gambling casino.

[peter0425]

when gambling is not safe, everything has a risk and the government should not be able to minimize that risk because the risk can be minimized by the gambler himself, so be careful when you want to gamble and as much as possible to be able to control your emotions when you lose, take a short break .

But only a few gamblers can minimize the risk by not using too big money, and they can control emotions while gambling. The rest of them will use more money to gamble because they can not control emotions. If the government can protect the gambler, maybe the government can prevent the number of addicted people in gambling. But still, that is hard to see that will happen because the gambler will search the other website to still gambling.

Government has no power against gamblers specially in online gaming because players can always find place to play without government interference .
this is how hard the situation is why people continues to become addicted because of their own stupidity,i should have known because i am a former addict as well but now i have recovered and living happy with gambling only occasionally .

[ethereumhunter]

Exactly, addicted gamblers will always find their way to gamble and I don't see how this could be prevented in efficient way. Gambling addiction is aa serious as amy other addictiin so it's reasonable that governments try to find the way to keep that under control. However, I don't know how this could be possible in reality and not to cut some rights for everyone else which is not good.

+ for that. But if the government wants to reduce the addicting people, they need to be serious and need to regulate the casino. Maybe the casino will use their people who will contact the online casino to ask about the regulation. But maybe besides regulation from the government, every people needs to control themselves because that is the important thing that the gamblers must do.

When you're playing low you just need to stick on the single idea that you don't need to rush or else accept that you can lose easily. Being a gambler is more of what most of the people think, it is a profession itself that needs some aspect to function properly like discipline, management, etc. Playing with a decent amount of money has to be always on the safe side, not risking all or much more than the half, just a small bits can be a huge winning. Government protecting the gamblers? We already have a state laws about it, don't need to worry with that stuff.

When you use gambling as your profession, you will see the difficulty of controlling yourself and making money from gambling. Even if you can limit your money, it will be difficult to make money. But if you can use gambling as a way to have fun and do the best for you, then gambling will not be dangerous for you. State law will be like that, but protecting the new people in gambling will be difficult too, as they can feel curious about the win money. That can make them play longer because of their curiosity.

Government has no power against gamblers specially in online gaming because players can always find place to play without government interference .
this is how hard the situation is why people continues to become addicted because of their own stupidity,i should have known because i am a former addict as well but now i have recovered and living happy with gambling only occasionally .

I am happy to know that you can recover from your addict. I think you can spread the info to other people or make counseling to help people who have a problem with addiction. That will worth doing when the government can not play their role in the gambling industry because it's related to personal. The more people can educate the other about the danger of playing gambling, and more people can be saved.

[Viscore]

~snip~
Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

^ There's no need to have this if everyone will follow the rules and regulations by the government. I agree on the post of OP related to the government that every gambler should have a limit to spend in gambling. It means there is no become gambling addict if everyone will follow. It is a simple regulation but I think had a good result. Nevertheless, this also has an effect on online gambling casino, since in traditional casinos have regulation and using cryptocurrency is unregulated, probably gamblers will switch to a crypto online gambling casino.

Limiting the allowable amount to gamble is likely effective to think than sending gambling addicts into rehabilitation. By strict implementing the rules, it for sure gamblers have no chance to overspend their money and time in gambling. It could be a lot of works for the implementing body but I can see a positive result of that. Of course, it never works that fast and easy, it is a long process for sure.

[Lakai01]

However, I don't know how this could be possible in reality and not to cut some rights for everyone else which is not good.

This is regulated quite simply in the country where I live, only state-controlled casinos are legal, everything else (including online gambling) is illegal.
When you enter a state-controlled casino you have to identify yourself, usually with your passport. If you appear in a database of gambling addicts, you will be denied access to the casino.
In the casinos themselves, you cannot play with cash, but must first convert it into chips, so it is also tracked how much money you bet in a certain period of time. If this is conspicuous (eg thousands of euros in a month) so you are also denied access to all casinos.

[DoublerHunter]

~snip~
Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

^ There's no need to have this if everyone will follow the rules and regulations by the government. I agree on the post of OP related to the government that every gambler should have a limit to spend in gambling. It means there is no become gambling addict if everyone will follow. It is a simple regulation but I think had a good result. Nevertheless, this also has an effect on online gambling casino, since in traditional casinos have regulation and using cryptocurrency is unregulated, probably gamblers will switch to a crypto online gambling casino.

Limiting the allowable amount to gamble is likely effective to think than sending gambling addicts into rehabilitation. By strict implementing the rules, it for sure gamblers have no chance to overspend their money and time in gambling. It could be a lot of works for the implementing body but I can see a positive result of that. Of course, it never works that fast and easy, it is a long process for sure.

^ Gambling is meant to take risk and no amount of value is reasonable to the word risk it is gambling as it is.  How about if they peak to a 1Million euro for individual gamblers in 1 month but has a limit to bet? for example a certain user can gamble His/her 1m euro for 1 month but only limited to 50 bets? and before they try to regulate they must require gambling sites to do KYC. No KYC required gambling site should be closed, But I bet you can't do it.

[Mahanton]

~snip~
Government should also build a lot of gambling addictive rehabilitation as they need it, I don't know about the country but it's a rich country so probably they have this program already aside from the new law.

^ There's no need to have this if everyone will follow the rules and regulations by the government. I agree on the post of OP related to the government that every gambler should have a limit to spend in gambling. It means there is no become gambling addict if everyone will follow. It is a simple regulation but I think had a good result. Nevertheless, this also has an effect on online gambling casino, since in traditional casinos have regulation and using cryptocurrency is unregulated, probably gamblers will switch to a crypto online gambling casino.

Limiting the allowable amount to gamble is likely effective to think than sending gambling addicts into rehabilitation. By strict implementing the rules, it for sure gamblers have no chance to overspend their money and time in gambling. It could be a lot of works for the implementing body but I can see a positive result of that. Of course, it never works that fast and easy, it is a long process for sure.

^ Gambling is meant to take risk and no amount of value is reasonable to the word risk it is gambling as it is.  How about if they peak to a 1Million euro for individual gamblers in 1 month but has a limit to bet? for example a certain user can gamble His/her 1m euro for 1 month but only limited to 50 bets? and before they try to regulate they must require gambling sites to do KYC. No KYC required gambling site should be closed, But I bet you can't do it.

Even if they do set on prohibiting gambling sites then they cant surely do it because they do like it or not there would be still people who would gamble on illegal means or would totally oppose into the laws that had been set out.When it comes to such regulation which had they set some limit which is very small and i dont see the point on why the do give out such law if its just really be just good to have nothing at all.Government does have the power and citizens wont really have any choice but to abide on whats being mandated.
On the situation you had exampled out on giving that 1million limit with several amount of bet then lots of people will surely prefer this one rather than on the current.

[South Park]

I have read about that as well and I do not like it, I understand intention behind this proposed law but it is ridiculous, if people want to gamble their money away then that it is their choice, they earn the money that they are using to gamble and they should be free to use their money as they see fit, this is just another attempt by governments to try to control the behaviour of people through money, fortunately for us those days are coming to an end as they are not going to be able to do the same with the gamblers that prefer to use bitcoin.

I have just read this now but I highly think that you are right. People are capable to think rationally, and if they let their emotions lead their way, it is their decision. With the history of the government interfering with things to be advantageous on their end, it is hard not to think that they have hidden agendas.

It is very obvious what they are trying to do, at first they are trying to pass laws to try to control money of the people that seem to have no control over their decisions, other people see this as a good thing but then they begin to pass more and more intrusive laws until it gets to the point that you cannot do anything without the government approval, fortunately for us satoshi was able to see through this and created bitcoin at the right moment to give us an option to get out of that oppressive system if we want.

[travwill]

Definitely, Slots games are so addictive not only here in my country, totally I saw the impact, seems like good but sometimes you almost forget all the important things first, I think it is the effect as casino lovers, and I respect that, maybe my mind is turned to that hopefully aside from me, our government also really needs to control it, Actually with a good reason through regulation for balancing to all activities between life and games. Because in reality it just a game that can give pleasure and happiness.

A couple of days ago, I made an appointment with a friend, for which he was late as a result because he lost track of time playing in slots in a casino.
Moreover, my friend never visits a casino, this was his first time. He was late for an hour and did not even call back, referring to the fact that there was no connection.
Gambling turns people into addicts very quickly.

[plr]

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

[alani123]

This type of control over gambling sites is going to bring the barrier of entry higher and reduce the drive for cutting edge innovation. Those established as a top site and in good terms with the government, will have incentive to keep funding the government to keep their position. And the main incentive of top casinos would rather be to sabotage competitors other than innovate to attract more gamblers.

Over regulation will just create further drive for a black market. This is part of the reason gambling with crypto became so big. It's so easy to circumvent blocks that nowadays all skilled gamblers are doing it. Casinos would have to increase revenues in less creative ways like increasing house edge. Governments are probably unaware that these measures are probably going to give more gamblers a worse deal when gambling.

[erikoy]

Well I agree with the soft cap of 100Euro per month as socially acceptable spending limit of a certain gambler. But, I guess it is hard for the rich kids to make an adjustments to this because they usually tend to deposit on more than that as they had enough resources or money to enjoy in betting. But, if this will be implemented then many gamblers will be able to benefit with this especially to those who get addicted in playing the casino. Another thing that government should consider the decentralization of the gambling sites because as to what they did it will turn out to be that gambling site will be centealized for beimg under their watch, taxes will follow, licensed and etc. to protect the gamblers.

[peter0425]

Government has no power against gamblers specially in online gaming because players can always find place to play without government interference .
this is how hard the situation is why people continues to become addicted because of their own stupidity,i should have known because i am a former addict as well but now i have recovered and living happy with gambling only occasionally .

I am happy to know that you can recover from your addict. I think you can spread the info to other people or make counseling to help people who have a problem with addiction. That will worth doing when the government can not play their role in the gambling industry because it's related to personal. The more people can educate the other about the danger of playing gambling, and more people can be saved.

Thanks for the Kind words mate but yes that is what i am doing for years now,telling people i met that i know who's involving into gambling to try controlling their self specially when demand of betting comes to them because this will lead to addiction .
and also Here in crypto whenever i across and see some thread that needs advice?without hesitation and second thoughts i am giving them advises and perseverance that they can handle the problem just to listen to themselves and dedications.

[South Park]

Well I agree with the soft cap of 100Euro per month as socially acceptable spending limit of a certain gambler. But, I guess it is hard for the rich kids to make an adjustments to this because they usually tend to deposit on more than that as they had enough resources or money to enjoy in betting. But, if this will be implemented then many gamblers will be able to benefit with this especially to those who get addicted in playing the casino. Another thing that government should consider the decentralization of the gambling sites because as to what they did it will turn out to be that gambling site will be centealized for beimg under their watch, taxes will follow, licensed and etc. to protect the gamblers.

I disagree, when a law is passed that only brings benefit to a very small minority while the other 99% is affected negatively by such law then it is clear that such law is unfair, but as I have said this is not really about gamblers this is about control, governments want to eliminate cash, why do you think that is? That is because if you are forced to use the banking system they can create all kind of regulations on how you can use your money and if you don't follow them they can freeze your money with a few clicks.

[Debonaire217]

If they regulate how much money they are going to bet, these gamblers will turn to non registered gambling sites because people will not like restrictions, gamblers are different to each other there are those who can afford to gamble because they have excess money and they want to be entertain more.

This will lead to massive losses, if they don't want to be regulated, let them be, because one of the purpose of regulation is to control taxes as well as to help the gamblers not to be addicted. When gambling sites becomes regulated and gamblers still choose to play in decentralized and non registered ones, it could be two things, they have tons of money and they don't care about losing, they just want to earn, have fun by testing their luck. Or, their funds didn't come from legal source that is why they don't want it to be publicly seen being betted in regulated online gambling sites.

[Saisher]

People are not bots.
They are very aware of what they are doing at the same time they could have opened the care system or something for them instead of controlling them like this , Because at the end of the day they cannot influence each and everything just like that .

It is done with good intentions but forcing people to follow rules will never go well with anyone.

What is your take on this ?

This news actually paves a way further into how the governmental bodies plan on regulating the online casinos especially the crypto ones .

Gamblers are one of the people that is hard to control they should know that, they can fake things so they can continue playing,just like smokers who can hoard cigarettes, so he can satisfy himself, especially if the gamblers can afford to play a big amount, and now he is restricted to a fraction of what he is betting they will always find a way to escape or past those regulations.