Regulations in online Gambling sites

[erikoy]

Such concept of limiting the amount of expenses being spent on online gambling will surely not agreeable to the gamblers out there for they will surely be feeling that they are being controlled on the way they were supposedly enjoying which is playing gambling. Although the idea was clear to lessen the gambling addiction and too much expenditure on playing gambling, still gamblers will surely not agree on this for they will feel more pressure that they must limit their bets to be able to make their gameplay last longer.

Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.

Well I agree not all gamblers will settle for less. I know that the government also will not go after in online gambling casino for they are busy doing their stuff(corruption). Besides they only react on to something if there are numerous complains against that online gambling platform. For now the regulations does not really affect on online gambling and it only will depending on the country that are strict when it comes to gambling as it is not their traditions and culture. 

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[FlightyPouch]

Such concept of limiting the amount of expenses being spent on online gambling will surely not agreeable to the gamblers out there for they will surely be feeling that they are being controlled on the way they were supposedly enjoying which is playing gambling. Although the idea was clear to lessen the gambling addiction and too much expenditure on playing gambling, still gamblers will surely not agree on this for they will feel more pressure that they must limit their bets to be able to make their gameplay last longer.

Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.

Well I agree not all gamblers will settle for less. I know that the government also will not go after in online gambling casino for they are busy doing their stuff(corruption). Besides they only react on to something if there are numerous complains against that online gambling platform. For now the regulations does not really affect on online gambling and it only will depending on the country that are strict when it comes to gambling as it is not their traditions and culture. 

We shouldn't need to overreact to this because as far as I know, these regulations are for those gamblers within UK. For the other gamblers online not within UK, then we doesn't need to abide those regulations unless our country decided to do the same. It is fine for me if it is the cap since I don't gamble that much money.

[AmoreJaz]

Such concept of limiting the amount of expenses being spent on online gambling will surely not agreeable to the gamblers out there for they will surely be feeling that they are being controlled on the way they were supposedly enjoying which is playing gambling. Although the idea was clear to lessen the gambling addiction and too much expenditure on playing gambling, still gamblers will surely not agree on this for they will feel more pressure that they must limit their bets to be able to make their gameplay last longer.

Also, the control on gambling plays will not be proven by this because it is already a certain regulation that will leave them no choice but to agree to be able to still play. The control on playing will not be testified by limiting the amount they must spent on gambling because addiction is kind of psychological manner and limiting gamblers will add more pressure on them since they know they are being limited on their gameplays.

Well I agree not all gamblers will settle for less. I know that the government also will not go after in online gambling casino for they are busy doing their stuff(corruption). Besides they only react on to something if there are numerous complains against that online gambling platform. For now the regulations does not really affect on online gambling and it only will depending on the country that are strict when it comes to gambling as it is not their traditions and culture. 

We shouldn't need to overreact to this because as far as I know, these regulations are for those gamblers within UK. For the other gamblers online not within UK, then we doesn't need to abide those regulations unless our country decided to do the same. It is fine for me if it is the cap since I don't gamble that much money.

also as far as i know it is not yet implemented, they are just drafting the proposals and recommendations. if there are a lot of people against it, they may do some adjustments on this proposal. so right now, players from that region can still enjoy the no cap limit. and it is for their own sake anyway, if they have the money to waste, why not?

[DarkDays]

Any kind site that would require you to prove you can lose a certain amount of money would eventually have direct or indirect indication of your finances. If such a site ever got hacked then your credentials would be leaked. Typically that might not be a problem but in this case, your financial strength could be used to attack you in the future.

The policy that they are talking about, in that other thread, was proposed by a foundation called Social Market Foundation, they themselves have a shady history when it comes to who funds them. It's just a shitty policy by a hypocritical foundation if you ask me.

I don't think we'll see any major crackdown on crypto casinos, since they don't want the tax deductions people would need to get if they lose money.

[iTradeChips]

Gambling addiction can really lead to serious mental and emotional consequences if left unchecked, especially if the player loses a very big amount of money. The amount that was proposed is low but it is already, for me, an acceptable amount that can be implemented so that we can achieve the necessary aim of helping potential victims stay in good mental state. They can try to increase the amount depending on the players means, but I think the best is still to educate the gamblers and advise them to control the amount of money they put in.

[bitbunnny]

Gambling addiction can really lead to serious mental and emotional consequences if left unchecked, especially if the player loses a very big amount of money. The amount that was proposed is low but it is already, for me, an acceptable amount that can be implemented so that we can achieve the necessary aim of helping potential victims stay in good mental state. They can try to increase the amount depending on the players means, but I think the best is still to educate the gamblers and advise them to control the amount of money they put in.

It's true, addictive gambling can leave serious consequences. There are many attempts to prevent and control addiction but we have to be honest and admit that we can only help victims if they want to. First they need to recgonize and admit they have a problem that is why I think that education and prevention are the most important elements in the whoke process

[2double0]

Nobody (not even governments) should have the right to intervene into everything a person does, else some day they will ask for proof of breathing that you are alive or not. I get to understand that this is needed to stop gamblers pay the price of losing what they cannot afford to lose and make them better gamblers, but this will also make casinos lose some customer base as every single gambler will not co-operate in this and may stop gambling or take some alternative steps to gamble anonymously.

[bitcoinisbest]

Each country has their own rules and regulations and accordingly one must abide by it. This law as only applicable for the UK citizens so rest of them continue the way it has being functioning but only ensuring that one does not overboard and gamble that in the end it become difficult to survive. The overall reason for government to intervene is that people are rationale to take decisions wisely.

[LbtalkL]

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

[BITCOIN4X]

Each country has their own rules and regulations and accordingly one must abide by it.

I agree with this. Gambling status in my country is illegal according to applicable law. However, the government also cannot completely eradicate hidden gambling site or venues. Some online gambling site have been blocked but we still have a way to enter.

So far, crypto gambling has really helped to increase our privacy and is much more fun because we dont deal with bank account. Although our activities can still be traced, at least crypto gambling has helped many gambler in term of hiding identity (anonymous).

OP, I dont know if the UK government will actually enforce that rule on cryptocurrency-based online gambling. It would be very unpleasant for most gambler if the government restricted and controlled the bet of all gambler. When gambler dont feel free when betting, I think there will be a lot of one-sided losses and that is the gambler.

[2double0]

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

If they are levying these limitations, what will stop them from adding a 'KYC mandatory' tag under the hood? They simply cannot steal a gambler's rights and the reason is - it is the gambler's money and they have the right to spend or throw away their money wherever they want to. Why are they robbing a gambler's rights this way?

[MFahad]

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

All these restrictions are not possible to implement in online casinos. The only thing these rules does is that some people take them seriously and follow them. Even if 20% of the people follow it, there purpose is fulfilled.

[pixie85]

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

If they are levying these limitations, what will stop them from adding a 'KYC mandatory' tag under the hood? They simply cannot steal a gambler's rights and the reason is - it is the gambler's money and they have the right to spend or throw away their money wherever they want to. Why are they robbing a gambler's rights this way?

Private casinos can add any requirements they want but as it was said they will be reluctant to do so because more regulation means less clients. After all we all want to make money and avoid KYC.

Casinos want to add minimum requirements forced on them by the authorities so it's lika a game between a cat and a mouse.

[2double0]

Private casinos can add any requirements they want but as it was said they will be reluctant to do so because more regulation means less clients. After all we all want to make money and avoid KYC.

Casinos want to add minimum requirements forced on them by the authorities so it's lika a game between a cat and a mouse.

End result is that, a gambler is the one who suffers between these two. Before taking these decisions, isn't it fair for the government to ask their citizens if they are comfortable doing what they are supposed to do? And if told about KYC upfront, why would a gambler agree on this?

[Mahanton]

Private casinos can add any requirements they want but as it was said they will be reluctant to do so because more regulation means less clients. After all we all want to make money and avoid KYC.

Casinos want to add minimum requirements forced on them by the authorities so it's lika a game between a cat and a mouse.

End result is that, a gambler is the one who suffers between these two. Before taking these decisions, isn't it fair for the government to ask their citizens if they are comfortable doing what they are supposed to do? And if told about KYC upfront, why would a gambler agree on this?

You can really say that government does really want for it citizens to completely stop gambling and to think on giving out that very little limit on monthly basis which is really good for 1 day use
on most gamblers and also they do possibly able to ask out KYC upfront? As a citizen on such country then you would have no choice because no matter how hard you do oppose on that possible law to be implemented then theres no still option for you to play without the need of complying things up.There are ways but we know that it would be underground but if you can take the risk
then go ahead.

[Becky666]

I am just curious does this regulated gambling platforms requires KYC? I am seeing two things here, If they will require KYC they will have fewer users since some users does not like KYC and prefer being anonymous, but if they don't implement KYC that 100 euro limit per account is useless because 1 user can create multiple accounts and bypass those limitations.

All these restrictions are not possible to implement in online casinos. The only thing these rules does is that some people take them seriously and follow them. Even if 20% of the people follow it, there purpose is fulfilled.

For those in UK the government us very much serious about this regulations and their citizens will definitely obey these regulations. What the UK government want is for the gamblers to have good life and their families, but if they will implement some regulations and omits some then those plans to regulates the gambling process will end in futility.

[rexxarofmoknathal]

I think 100 Eur is a really low limit but as an idea it is a good one.It is designed to stop people becoming addicted and losing everything in gambling.I am a strong advocate of limiting to a certain amount the maximum money you can spend in a gambling site as it safeguards you for going even deeper.I think major websites have such option but is optional to the player and not mandatory.

As you say major casinos have the option but it's up to the customer if they want to use it or not. While I understand the government would like to regulate this in some way capping the gambler in my opinion would lead to both unhappy casinos owners and gamblers as such. So much so that together they might even conspire against the regulation.

There's also the idea that gamblers would gamble at the casinos without this type of restriction since these casinos are online after all. I think the idea overall is OK but in practice I fear it won't do so well.

[Botnake]

I think 100 Eur is a really low limit but as an idea it is a good one.It is designed to stop people becoming addicted and losing everything in gambling.I am a strong advocate of limiting to a certain amount the maximum money you can spend in a gambling site as it safeguards you for going even deeper.I think major websites have such option but is optional to the player and not mandatory.

As you say major casinos have the option but it's up to the customer if they want to use it or not. While I understand the government would like to regulate this in some way capping the gambler in my opinion would lead to both unhappy casinos owners and gamblers as such. So much so that together they might even conspire against the regulation.

There's also the idea that gamblers would gamble at the casinos without this type of restriction since these casinos are online after all. I think the idea overall is OK but in practice I fear it won't do so well.

I think it will not be compulsory for major casinos, the name itself implies they are a takers of major bets from gamblers.
You can't call it major casino if there's a limit on it that is implemented, you are right, it should be optional, depends on the gamblers only as casinos who like to maximize their profit would not force gamblers to limit their bets, that's insane and against their goal to be more profitable.

Gambling capital of the word which is Macau, I think they are the real definition of gambling without limit.

https://gamblersdailydigest.com/gambling-capital-of-the-world/

[freedomgo]

I think 100 Eur is a really low limit but as an idea it is a good one.It is designed to stop people becoming addicted and losing everything in gambling.I am a strong advocate of limiting to a certain amount the maximum money you can spend in a gambling site as it safeguards you for going even deeper.I think major websites have such option but is optional to the player and not mandatory.

As you say major casinos have the option but it's up to the customer if they want to use it or not. While I understand the government would like to regulate this in some way capping the gambler in my opinion would lead to both unhappy casinos owners and gamblers as such. So much so that together they might even conspire against the regulation.

There's also the idea that gamblers would gamble at the casinos without this type of restriction since these casinos are online after all. I think the idea overall is OK but in practice I fear it won't do so well.

I think it will not be compulsory for major casinos, the name itself implies they are a takers of major bets from gamblers.
You can't call it major casino if there's a limit on it that is implemented, you are right, it should be optional, depends on the gamblers only as casinos who like to maximize their profit would not force gamblers to limit their bets, that's insane and against their goal to be more profitable.

Gambling capital of the word which is Macau, I think they are the real definition of gambling without limit.

https://gamblersdailydigest.com/gambling-capital-of-the-world/

It's only one country that limit its gamblers, I'm sure not every government will follow the same regulation, some government were able to educate their people well so they are responsible when they are gambling.

There's always a warning that goes " Gambling Responsibly ", if there's a limit, it might be chance because whatever we do, we are just allowed to fixed maximum in a monthly basis, you don't need to to be careful as you are on limit.

Honestly, real gamblers are already complaining with this law.

[Ridwan Fauzi]

Gambling addiction can really lead to serious mental and emotional consequences if left unchecked, especially if the player loses a very big amount of money. The amount that was proposed is low but it is already, for me, an acceptable amount that can be implemented so that we can achieve the necessary aim of helping potential victims stay in good mental state. They can try to increase the amount depending on the players means, but I think the best is still to educate the gamblers and advise them to control the amount of money they put in.

I think there is no money management in gambling, you just need to spend money that you can afford to lose. Using money for basic need is not good idea, the gambler should avoid that. When we play gambling, we just have one focus, we have win the gambling no matter how much money that we spend. So, I myself get used to play gambling with take the money that I can afford to lose and I always have a budget for this once a week. I won't accept if I include as a gambling addict because I can leave it sometime but I take it as my hobby, that is my though maybe it will be different for those gambling addict.