Regulations in online Gambling sites

[iTradeChips]

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.

Well, I think aside from massive losses that will be the effect of the gambling industry being regulated, I think another consequence of this is the proliferation of illegal gambling sites and illegal gambling places that would be run by gambling syndicates. As people are being controlled in playing inside casinos, they will try to go to the illegal places and sites so that they can have more "freedom" in gambling. Of course there would be crackdowns by police, so I think the whole scenario will be nasty and dangerous in the long run.

[mardaed]

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.

Well, I think aside from massive losses that will be the effect of the gambling industry being regulated, I think another consequence of this is the proliferation of illegal gambling sites and illegal gambling places that would be run by gambling syndicates. As people are being controlled in playing inside casinos, they will try to go to the illegal places and sites so that they can have more "freedom" in gambling. Of course there would be crackdowns by police, so I think the whole scenario will be nasty and dangerous in the long run.

I get your point and I agree with you. Being dictated and controlled can have negative impacts most of the time. Considering that gambling is one of the recreational activities that people do, they want want at least the freedom to do and enjoy it.

[Lanatsa]

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.

Well, I think aside from massive losses that will be the effect of the gambling industry being regulated, I think another consequence of this is the proliferation of illegal gambling sites and illegal gambling places that would be run by gambling syndicates. As people are being controlled in playing inside casinos, they will try to go to the illegal places and sites so that they can have more "freedom" in gambling. Of course there would be crackdowns by police, so I think the whole scenario will be nasty and dangerous in the long run.

I get your point and I agree with you. Being dictated and controlled can have negative impacts most of the time. Considering that gambling is one of the recreational activities that people do, they want want at least the freedom to do and enjoy it.

Always been part and the reality that do happen not only today but in the past as well where these illegal places will surely exist due to prohibition on such place.

Syndicates will really consider on making these underground places yet they do able to see the money or profit making opportunity due to demand.Its impossible into a certain place that wont

really seek out towards gambling and as exampled into this one where limitations had been set out which isnt really that enough even for a day.This will really trigger out this kind of scenario.

[AicecreaME]

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.

I'm afraid this can't happen. Government has all the power on its entire country, if a gambling site or a physical gambling casino will not follow the requirements that their Government gave to them, automatically they will be shutdown. And for the statement you said that it's for the tax and to help gamblers not to get addicted, it's more likely for taxes. The percentage of their pity towards gamblers are just 20-30%, because Governments mostly are corrupted.

[pikkie]

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.

I'm afraid this can't happen. Government has all the power on its entire country, if a gambling site or a physical gambling casino will not follow the requirements that their Government gave to them, automatically they will be shutdown. And for the statement you said that it's for the tax and to help gamblers not to get addicted, it's more likely for taxes. The percentage of their pity towards gamblers are just 20-30%, because Governments mostly are corrupted.

well, that is the weakness of gambling places that have physical locations while online gambling places will make it difficult for the government to collect taxes or any information requested by the government so maybe one solution that could be an option is to build an online gambling place.

[shoreno]

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.

I'm afraid this can't happen. Government has all the power on its entire country, if a gambling site or a physical gambling casino will not follow the requirements that their Government gave to them, automatically they will be shutdown. And for the statement you said that it's for the tax and to help gamblers not to get addicted, it's more likely for taxes. The percentage of their pity towards gamblers are just 20-30%, because Governments mostly are corrupted.

well, that is the weakness of gambling places that have physical locations while online gambling places will make it difficult for the government to collect taxes or any information requested by the government so maybe one solution that could be an option is to build an online gambling place.

its not a weakness but its a normal requirement not only for a gambling place but also to any other business . its not money that are given to someone else for them to use personaly but its a tax that will be used for important occasions .

 legal sites online are still being tax , so you cant say that building sites online can make you escape those obligations.

[jademaxsuy]

If regulatory to online gambling casino will be push through then high chances that it will going to centralization. This is the problem with the government because they are not really at help when they will just make online gambling casino as milking cow getting taxes and licences for them but the service for protection is not being done and mosy government are reactive to phenomenon. Since online gambling is new then high chances that government could be facing difficulties in solving the problems that will be encounter.

its not a weakness but its a normal requirement not only for a gambling place but also to any other business . its not money that are given to someone else for them to use personaly but its a tax that will be used for important occasions .

 legal sites online are still being tax , so you cant say that building sites online can make you escape those obligations.

Yes, no one can escap taxes unless you want to get a hufe penalty from the government. Most of business owners are aware of huge penalty so they do not have choice but to follow the government mandate.

[Questat]

What kind of protection you are talking here?
I think when a gambling site is regulated, they will have to follow a certain rules and once they break that rules, they will have to face the consequences according to the law/rules. I think that's the kind of protection we can get from the government.

If regulatory to online gambling casino will be push through then high chances that it will going to centralization. This is the problem with the government because they are not really at help when they will just make online gambling casino as milking cow getting taxes and licences for them but the service for protection is not being done and mosy government are reactive to phenomenon. Since online gambling is new then high chances that government could be facing difficulties in solving the problems that will be encounter.

its not a weakness but its a normal requirement not only for a gambling place but also to any other business . its not money that are given to someone else for them to use personaly but its a tax that will be used for important occasions .

 legal sites online are still being tax , so you cant say that building sites online can make you escape those obligations.

Yes, no one can escap taxes unless you want to get a hufe penalty from the government. Most of business owners are aware of huge penalty so they do not have choice but to follow the government mandate.

It's up to the tax payers if they will pay or not, but at least they should make themselves aware of the consequences if they got caught, that's too risky but there are still people who are evading taxes.

[Kong Hey Pakboy]

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.

I don't know why other gamblers don't want regulations in online gambling sites because this will only lead to massive losses, so it's much better to let them be and ignore them if they hate it. I understand that there are some gamblers or people who hates rules/laws, but this kind of laws will protect us from fraud and scam.

[Mauser]

If regulatory to online gambling casino will be push through then high chances that it will going to centralization. This is the problem with the government because they are not really at help when they will just make online gambling casino as milking cow getting taxes and licences for them but the service for protection is not being done and mosy government are reactive to phenomenon. Since online gambling is new then high chances that government could be facing difficulties in solving the problems that will be encounter.

The problem with online regulation is that all countries would need to work together. As long as countries keep doing their taxation and regulation for online casinos only on a national level, we will see casinos just exploiting countries. It's very easy in todays times to move the headquarter of a company abroad. We need all major countries to work together on a fair regulation for online casinos. This would increase security for gamblers and also help governments to control the market.

[freedomgo]

The problem with online regulation is that all countries would need to work together.

I don't think that's true, not every country has the same law when it comes to regulating online casinos (fiat or crypto), and even if let's say that some countries have the same regulation, cooperation might also not possible as there are countries who are not allies with each other.

[MCobian]

The problem with online regulation is that all countries would need to work together.

I don't think that's true, not every country has the same law when it comes to regulating online casinos (fiat or crypto), and even if let's say that some countries have the same regulation, cooperation might also not possible as there are countries who are not allies with each other.

I agree that not all countries have the same rules regarding online gambling sites, so it is impossible for all countries to cooperate
define the same rules regarding gambling sites. I also think that online gambling sites should be regulated by each country, so let be
more effective and efficient. Because every country has a different policy, so regarding the rules of gambling also different.

[South Park]

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.

I agree, this is why this law is useless, those that are addicted to gambling and that cannot control themselves are never going to abide by that law and they're going to try to find any way they can to get around it and we know that anyone with just a modicum amount of knowledge is going to be able to surpass those limits and keep gambling as if nothing is happening, it is for this reason that I do not really think that this is to help addicted gamblers this is just another attempt to try to control your money and what you can do with it.

[johhnyUA]

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.

You're forget about another reason: When addicted gambler can't play (due to regulations and restrictions) on legal online casino sites, then he using such decentralized platforms. Just to fulfill his unstoppable desire to gamble 

And i think that most of players is my type described above. 

[Natalim]

You're forget about another reason: When addicted gambler can't play (due to regulations and restrictions) on legal online casino sites, then he using such decentralized platforms. Just to fulfill his unstoppable desire to gamble 

Which is not good and which is why regulation is necessary to help them.

If they will continue to gamble despite being irresponsible, they will become a problem to people around them, their family and friends and worst to the community, and seeing that possibility, government has stepped up with a regulation.

And i think that most of players is my type described above. 

Addicted to gambling? Noh,

[Oilacris]

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.

You're forget about another reason: When addicted gambler can't play (due to regulations and restrictions) on legal online casino sites, then he using such decentralized platforms. Just to fulfill his unstoppable desire to gamble 

And i think that most of players is my type described above. 

-Desire to gamble
-Financial capacity
-Fun/Profit aims

People cant really be stopped no matter how strict the regulation is, yet we know that we can access those unregulated online casinos without any hiccups specially here on
crypto space. Government cant get rid into these businesses so it wont really typically a total shutdown if these laws or prohibitions would be imposed.

[kawetsriyanto]

I also think that online gambling sites should be regulated by each country, so let be
more effective and efficient. Because every country has a different policy, so regarding the rules of gambling also different.

Yep, every country should have its own policy regarding gambling. We cannot expect that all countries in the world to apply the same policy. Each country may have different considerations to decide the most appropriate policy for gambling. Also, the need for gambling may vary among countries in the world. In some countries, gambling may be needed as it is the source of income or many people are interested in playing it. But in other countries, it may be not needed as it doesn't fit with the culture of society.

[Twinkledoe]

I also think that online gambling sites should be regulated by each country, so let be
more effective and efficient. Because every country has a different policy, so regarding the rules of gambling also different.

Yep, every country should have their own policy reagrading gambling. We cannot expect that all countries in the world to apply the same policy.

So if you are a gambler, make sure that you are familiar with your country's regulations when it comes to online gambling. Otherwise, you will be screwed and potentially lose your funds by honest mistake. Every country has their own set of rules, so just respect whatever they have to avoid facing problems.

[maydna]

So if you are a gambler, make sure that you are familiar with your country's regulations when it comes to online gambling. Otherwise, you will be screwed and potentially lose your funds by honest mistake. Every country has their own set of rules, so just respect whatever they have to avoid facing problems.

Usually, when people know about their country's regulations, they will not use their real IP when they visit the online gambling site. They prefer to use private VPN to play gambling because that can hide their real IP from the ISP's tracking. But some people still use their real IP to playing gambling, and so far, there is no tracking from the ISP. But the ISP still monitor them, just in case if they are using the internet connection just to play online gambling.

But I think it will difficult to regulate online gambling sites because the sites will choose to open their business in the country, which allows gambling, and they will not have a problem with the user that comes from many countries.

[Janation]

I also think that online gambling sites should be regulated by each country, so let be
more effective and efficient. Because every country has a different policy, so regarding the rules of gambling also different.

Yep, every country should have their own policy reagrading gambling. We cannot expect that all countries in the world to apply the same policy.

So if you are a gambler, make sure that you are familiar with your country's regulations when it comes to online gambling. Otherwise, you will be screwed and potentially lose your funds by honest mistake. Every country has their own set of rules, so just respect whatever they have to avoid facing problems.

I don't think we need to since this is just for UK.

Another thing is that they regulate this law because of the problem that they have in gambling. Since we are still affected by the pandemic, most of the online sites we are using are from the other countries so I think the regulation of those sites will be held by that country and not ours. Still, those gamblers are still a few and so I don't think we will be having that kind of regulation any time soon.