Regulations in online Gambling sites

[MCobian]

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

[Japinat]

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

They would not think of this law if they think it's not the best solution.

Gamblers who doesn't want to be regulated will certainly look for other options, like you mentioned, they will look for an unlicensed casino but that would put them in risk of getting arrested and not everyone can afford to risk on that. So it would minimize the gamblers activity, and think that there's no perfect law, there are still some violators but since they are subject to the law, it's easy for the government to penalize them.

[LogitechMouse]

If you are an gambling addict then that soft cap is very low knowing that some of the gamblers are throwing far more money than that amount in the casinos. For sure this will lead to some negative effects to them.

On the other hand, this will prevent the low money gamblers to prevent from getting addicted. This will help lessen the gambling addiction of most people who are involved into gambling in general. Although this will be implemented, I think the government will having a hard time doing it and for sure the revenue of the gambling sites will greatly affected by this.

[TopT3ns]

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

well I really agree with what is being said because of course the government will know the advantages and disadvantages that players get at the gambling place and of course the government will make a way for them to pay profit tax also means that the government wants to enjoy the profits that have been obtained and I think regulations for gambling establishments do not really matter.

[ultrloa]

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

well I really agree with what is being said because of course the government will know the advantages and disadvantages that players get at the gambling place and of course the government will make a way for them to pay profit tax also means that the government wants to enjoy the profits that have been obtained and I think regulations for gambling establishments do not really matter.

Not only that players could also assure their safety since the casino is been well regulated by the government, we already know how many times scam casinos come and wreck people here so if regulation will implemented we might gonna see a big changes on gambling industry and legit business will come to the scene.

[robelneo]

But 100£ cap is too low.

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 .

This is prejudging the lower income people they have an equal rights like those with high income earners too, there are a lot of circumstances where these people lower income will play on the threshold, like they got a gift from a gambler as a form of tips and they can play as high as 500 Euro or it's his birthday and he wants to be entertained by using cash gifts lower income people are monnitored and limited because of this.

[maydna]

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

well I really agree with what is being said because of course the government will know the advantages and disadvantages that players get at the gambling place and of course the government will make a way for them to pay profit tax also means that the government wants to enjoy the profits that have been obtained and I think regulations for gambling establishments do not really matter.

Not only that players could also assure their safety since the casino is been well regulated by the government, we already know how many times scam casinos come and wreck people here so if regulation will implemented we might gonna see a big changes on gambling industry and legit business will come to the scene.

When something worst happens to that casino, they can complain to the casino and the government. If the casino doesn't respond to their complaints, people can ask the government to help them investigate the problem. The gambling industry will grow bigger because, with the government's regulations, the casino and the gambler will have protection, so both the casino and the gambler don't have to feel worried if the bad things happen.

But still, that will need more effort to invite the online casino to register their site to the government because they think that their business operates online. Perhaps, the government doesn't have jurisdiction to investigate or to know who they are. But we hope that the gambling industries, offline and online, will be better in the future.

[Darker45]

This is prejudging the lower income people they have an equal rights like those with high income earners too, there are a lot of circumstances where these people lower income will play on the threshold, like they got a gift from a gambler as a form of tips and they can play as high as 500 Euro or it's his birthday and he wants to be entertained by using cash gifts lower income people are monnitored and limited because of this.

Lower income people or even the poor have the rights over their own money but what they don't have as a right is to squander away their money on gambling despite the fact that they can't even barely provide a decent life to their family.

It is quoted in the OP that "such limit ensures that spending on gambling does not exceed poverty thresholds for lower income households..." And I agree with this, with the government being the entity which primarily looks after the welfare of its own people.

The reality is that a huge part of the poor population, especially in the most squalid and overcrowded urban slums, is maintaining all kinds of vices while regularly failing to make ends meet. They can barely manage to eke out a living and yet they still have the gall to burn what little money they have on gambling.

Anyway, this is just a "soft cap," which means that other people may in fact increase their own limits provided they can prove that they can pretty much afford to lose such amount.

[erikoy]

Not only that players could also assure their safety since the casino is been well regulated by the government, we already know how many times scam casinos come and wreck people here so if regulation will implemented we might gonna see a big changes on gambling industry and legit business will come to the scene.

Well, that is ideal actually but if we put government as a third party and to meddle with gamblinh activities then it is expected to see high fees and possible setting of minimum bet for the casino to earn or add the expenses to be paid to the third party (government). This expenses may include taxes and other fees for protection like insurance and permits or licenses. This will make the gambling casino a worst place to gamble.

However, if we remain gambling casino unregulated then it is up to the consumer to join an establish gambling casino to make sure the security of the funds and because most good casino are using cryptocurrency this will ensure that no one can access your fund except yourself. This can be determine as the same level of security or could be much secured than having the government protection in gambling.

The good thing should let the consumer to chose whether to bet in an crypto casino or casino that is being regulated by the government. Well try to see which casino will get higher numbers of gamblers. For all I know gambling is unregulated eveb before but the system works perfectly.

[Casdinyard]

...instead of controlling them like this..

Making a regulation to minimize gambler's activity and his maximum possible bet amount per day isn't something that can be justified as controlling them. But instead, it is just to "regulate" meaning that to lessen the increasing possibilities of addiction, and overspending of gamblers in their gambling habits. No matter what would be the minimum nor maximum amount on the final law, it shouldn't bother gamblers as long as they wouldn't tax all online gamblers based by their activities and earnings.

[Kupid002]

Not only that players could also assure their safety since the casino is been well regulated by the government, we already know how many times scam casinos come and wreck people here so if regulation will implemented we might gonna see a big changes on gambling industry and legit business will come to the scene.

Well, that is ideal actually but if we put government as a third party and to meddle with gamblinh activities then it is expected to see high fees and possible setting of minimum bet for the casino to earn or add the expenses to be paid to the third party (government). This expenses may include taxes and other fees for protection like insurance and permits or licenses. This will make the gambling casino a worst place to gamble.

However, if we remain gambling casino unregulated then it is up to the consumer to join an establish gambling casino to make sure the security of the funds and because most good casino are using cryptocurrency this will ensure that no one can access your fund except yourself. This can be determine as the same level of security or could be much secured than having the government protection in gambling.

The good thing should let the consumer to chose whether to bet in an crypto casino or casino that is being regulated by the government. Well try to see which casino will get higher numbers of gamblers. For all I know gambling is unregulated eveb before but the system works perfectly.

Regulating it for taxes is Ok as long you know you are safe playing  that casino online it will  add more security for  players  since its regulated by the government meaning they are legal business running in your country.

Add taxes for extra security is ok. Other gambling sites is just afraid because they know that there are country make online gambling or any kind of gambling as illegal .

[Lakai01]

Add taxes for extra security is ok. Other gambling sites is just afraid because they know that there are country make online gambling or any kind of gambling as illegal .

What exactly do you mean by " add taxes for extra security is ok"?
Taxes have absolutely nothing to do with making a business like an online casino safer or not. Just take a look at the latest major exits, for example Wirecard. The company has paid taxes just like big banks and still they could cause this massive damage.

[Ucy]

...instead of controlling them like this..

Making a regulation to minimize gambler's activity and his maximum possible bet amount per day isn't something that can be justified as controlling them. But instead, it is just to "regulate" meaning that to lessen the increasing possibilities of addiction, and overspending of gamblers in their gambling habits. No matter what would be the minimum nor maximum amount on the final law, it shouldn't bother gamblers as long as they wouldn't tax all online gamblers based by their activities and earnings.

Or simply make regulations to ban gambling altogether and allow only safe betting. That is the easiest way to solve the confusion in laws and misunderstanding concerning betting or prediction markets.

You don't gamble while betting in betting centers.  You bet responsibily and safely.

Bet but Don't Gamble!

[Pamadar]

In my opinion, the way the government handles gambling addicts by regulating online casinos is not a good idea. Because doing limit
amounts for gamblers when playing gambling at online casinos is not the best solution to overcome gambling addicted. That makes
gamblers uncomfortable and will look for unlicensed online casinos which are not regulated by the government. If this happens, of course
it will be a new problem, in fact we have to find other ways that are effective and acceptable to overcome gambling addicts by all parties.

And we all know that this will likely to happen if the government will start this kind of actions. Gamblers who doesn't want
to deal with this will find unregistered gambling site, internet always have ways that will add to government concerns as tracking
those illegal sites are really tough unless they will block everything. The only sites that will be allowed are those registered and
regulated by the government. 

[Google+]

...instead of controlling them like this..

Making a regulation to minimize gambler's activity and his maximum possible bet amount per day isn't something that can be justified as controlling them. But instead, it is just to "regulate" meaning that to lessen the increasing possibilities of addiction, and overspending of gamblers in their gambling habits. No matter what would be the minimum nor maximum amount on the final law, it shouldn't bother gamblers as long as they wouldn't tax all online gamblers based by their activities and earnings.

Or simply make regulations to ban gambling altogether and allow only safe betting. That is the easiest way to solve the confusion in laws and misunderstanding concerning betting or prediction markets.

You don't gamble while betting in betting centers.  You bet responsibily and safely.

Bet but Don't Gamble!

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 .

[freedomgo]

because the risk can be minimized by the gambler himself, ...

That's not what the government are seeing, the reason why the law is created is because they believe gamblers are not responsible anymore and it has already affected the quality of their lifestyle, so government are making ways for people to live a good lifestyle, and unfortunately, at the expense of everyone as even the responsible gamblers are now affected.

[jademaxsuy]

because the risk can be minimized by the gambler himself, ...

That's not what the government are seeing, the reason why the law is created is because they believe gamblers are not responsible anymore and it has already affected the quality of their lifestyle, so government are making ways for people to live a good lifestyle, and unfortunately, at the expense of everyone as even the responsible gamblers are now affected.

yes, this is the usual reason they will make so as to convince that regulation is very important but their hidden agenda is clearly to earn more from gambling establishment.  The government know how much cash will flow in every casino that could let them take a part of it by mandating a tax of a percentage to which other owners will not declare the original market of their gambling and the government will approve given that there will be an under the table payment for the one that manage and sign the document for the casino to continue its operation. There are always corruption and this is why we will never get a bettee life with the government and the corrupt officials of the government.

[arwin100]

because the risk can be minimized by the gambler himself, ...

That's not what the government are seeing, the reason why the law is created is because they believe gamblers are not responsible anymore and it has already affected the quality of their lifestyle, so government are making ways for people to live a good lifestyle, and unfortunately, at the expense of everyone as even the responsible gamblers are now affected.

yes, this is the usual reason they will make so as to convince that regulation is very important but their hidden agenda is clearly to earn more from gambling establishment.  The government know how much cash will flow in every casino that could let them take a part of it by mandating a tax of a percentage to which other owners will not declare the original market of their gambling and the government will approve given that there will be an under the table payment for the one that manage and sign the document for the casino to continue its operation. There are always corruption and this is why we will never get a bettee life with the government and the corrupt officials of the government.

It's somehow a good move from the government since if they can get a money by regulating the casinos then it's a win win situation for the citizens since they might see or have a good project created by the tax came from gambling taxes. Also don't ever think bad on the action since regulation is a good protection to the bettors.

[ethereumhunter]

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.

[South Park]

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.