Legal Matter

[johhnyUA]

I think what he is only emphasizing is, what if the casino will do an exit scam? That's gonna be a problem for gamblers as they can never recover their money anymore, I guess we can see some cases in the scam accusation boards.

Yeah, i don't know but i didn't think about such case. You're definitely right if we are talking about centralized casino.

But our conversation with people above started from the point where we talked about DEX casinos, which can't be regulated.

[1715038015]

1715038015

[wxa7115]

Yes, online gambling is banned in US and that's why a lot of casinos don't accept US players or any traffic from US. It wasn't the case before 2006 before online gambling enforcement act came into picture. I believe the reason for such law is the offline casino owners. They have a very powerful lobby in US and government earns billions in revenue from such casino owners. It's simple that the offline casino owners see online gambling as a threat to their business in a way banks see cryptos asa threat to their business.

Online gambling market will definitely explode if US government lifts the ban but it doesn't seem to be happening anytime soon simply because the offline gambling lobby is too strong!

I find this to be odd, after all physical casinos have so much power and money that they could have easily created their own online casinos and take over the US market with no problem, why they decided that they preferred online gambling to be illegal? After all I'm pretty sure that US citizens are gambling more than ever online and they are not receiving a dime out of it while some other people are making a fortune and they have their huge casinos completely devoid of clients because of the pandemic.

If this is what happened then to me this is a clear case of a whole industry boycotting themselves and they should consider to change their decision before it is too late and they have to face bankruptcy in the near future.

[Twentyonepaylots]

There is money to be made in legalizing online gambling, but remember that physical casinos are one of the main reasons why the United States are frequented by people, especially in Las Vegas, and there's more money in there compared to online gambling.

Gambling is money in all sources. In Las Vegas, there are 200+ casinos that is operating legally, not to include the underground ones so this probably would take up to 250+. From a news that was dated last year, Las Vegas reported to have a revenue of $22 billion, highest so far that they ever made.  Now we can't be sure if physical casinos are more active than online gambling coz we know how hard it is for physical casinos right now to operate because of the pandemic.

[MFahad]

There is money to be made in legalizing online gambling, but remember that physical casinos are one of the main reasons why the United States are frequented by people, especially in Las Vegas, and there's more money in there compared to online gambling.

Gambling is money in all sources. In Las Vegas, there are 200+ casinos that is operating legally, not to include the underground ones so this probably would take up to 250+. From a news that was dated last year, Las Vegas reported to have a revenue of $22 billion, highest so far that they ever made.  Now we can't be sure if physical casinos are more active than online gambling coz we know how hard it is for physical casinos right now to operate because of the pandemic.

Pandemic may have dented the profits of the physical casino but all the money is transferred to the online casino and gambling houses. Even after the pandemic, many people will prefer to play online and may not return to the physical gambling.
Legal matter mostly apply on physical casino as you can run an online casino anonymously.

[Ayiranorea]

By now people who are much into gambling and spend on real casinos prefer using the online casinos during this pandemic. This way the online crypto gambling usage have increased alot over the recent months. Very importantly this has been found high in the first world countries. Third world countries are highly regulated for cryptocurrency usage, but local gambling platforms make more fiat money out of the people.

[Becky666]

By now people who are much into gambling and spend on real casinos prefer using the online casinos during this pandemic. This way the online crypto gambling usage have increased alot over the recent months. Very importantly this has been found high in the first world countries. Third world countries are highly regulated for cryptocurrency usage, but local gambling platforms make more fiat money out of the people.

Being an idle man will always attract stuff(easy money) to mankind. During the novel coronavirus pandemic, many families seek for means to sustain their livelihood which turned many of them into doing what can give money. No doubt many gamblers took the bold steps to gamble online for this purpose. So, not an argument that the population of gamblers increased during the pandemic.

Well, not all third world countries are actually been regulated at the moment. Particularly my country which has not yet make any pronouncements either it be illegal or legal. What they did was to cautioned citizens against cryptocurrencies.

[FlightyPouch]

In our country they strictly implement the rules of not letting underage individuals to gamble in the past. Even in some places where there are no casinos, this is also looked into but right now they are quite soft in this that at the young age children can gamble and the worst part is that they are also influenced to other things more illegal than gambling.

[radjie]

By now people who are much into gambling and spend on real casinos prefer using the online casinos during this pandemic. This way the online crypto gambling usage have increased alot over the recent months. Very importantly this has been found high in the first world countries. Third world countries are highly regulated for cryptocurrency usage, but local gambling platforms make more fiat money out of the people.

In other words, local gambling, of course, there are still many countries that cannot legalize its existence, especially during this pandemic, all activities that can attract large crowds of people will certainly be forcibly disbanded. therefore online gambling still dominates the most liked by people, both legally and illegally

[cabalism13]

Are we talking about Online gambling as a whole? Or Crypto gambling only?

I think we're talking about it as a whole, besides it will be the same as for legality of its nature when it comes to the government but still depends on what country where in,...

In other words, local gambling, of course, there are still many countries that cannot legalize its existence,

yeah, it's because it's all about money, and we're talking about it on how these governments will earn out of these OGs.

[johhnyUA]

In other words, local gambling, of course, there are still many countries that cannot legalize its existence, especially during this pandemic, all activities that can attract large crowds of people will certainly be forcibly disbanded. therefore online gambling still dominates the most liked by people, both legally and illegally

I don't think this is about corona. For example, in my country gambling was finally legalized (but only at hotels) one month ago. And as i know some hotels already making places for gambling and there enough investors to give money for such things.

The real problem is that gambling considered not as good business, so many people against it. And government acting due to the mood of society

[Shasha80]

The government should be more open to online gambling, because if we see the demand for online gambling is so great.
Especially in a pandemic situation like now, if the government legalizes online gambling. Of course it can be a good tax revenue.
And it can also be profitable for online gambling users, because scammers can be overcome. So in my opinion, legalizing online
gambling can be a win win solution.

[Kasabus]

The government should be more open to online gambling, because if we see the demand for online gambling is so great.
Especially in a pandemic situation like now, if the government legalizes online gambling. Of course it can be a good tax revenue.
And it can also be profitable for online gambling users, because scammers can be overcome. So in my opinion, legalizing online
gambling can be a win win solution.

It is surely a good step to legalize all online crypto casinos because aside from avoiding a lot of scammers, it can also help the government as well which will add to tax revenue. But the big problem would be our sense of anonymity, it will definitely be forgotten as regulations from the government would strictly be implied.

[maydna]

You explained everything that is needed, there's always that restriction when a gambling site or casino is legalized and they need to strictly comply or follow it, and that includes not allowing minors to gamble, and one way to prevent that is by requiring KYC to all gamblers who like to sign up for an account.

However, does the crypto enthusiast people would like this? Knowing crypto is suppose to be for anonymity or privacy.

can we still enjoy the anonymous gambling?

That is for the offline casino, but I am afraid that it will not easy to see it works too with an online casino, especially an online crypto casino. We know that online crypto casino is not yet legalized in many countries, even in some country, crypto itself is not legalized. That can give easiness for the minors to visit on the site and play the gambling games. And when they visit the online crypto casino and find the faucet to get free coins, they will try the games, and I think they will like it.

But I am sure that if we still use the online crypto casino, we can still enjoy anonymous gambling because, in the online crypto casino, we don't have to do KYC. Besides that, we have many options for the online crypto casino, which doesn't require KYC.

It is surely a good step to legalize all online crypto casinos because aside from avoiding a lot of scammers, it can also help the government as well which will add to tax revenue. But the big problem would be our sense of anonymity, it will definitely be forgotten as regulations from the government would strictly be implied.

Before the government legalizes all online crypto casinos, they need to approve the use of crypto. Yes, we will have a problem if the government legalizes the online crypto casinos because the casino will require the KYC, which we need to fills. But I am sure there is an online crypto casino that doesn't use KYC.

[Saisher]

Now the question is : Why should it be legal?
-Better handling of scammers
-Protection for people
-It does bring good revenues for the government
-healthy restrictions regarding age and addictions

Now the people are going to do it anyways they cannot control that part , what they can do is discuss the terms and conditions and create a safe environment.

What do you guys think?
Should the government allow it more openly?

The only thing that hinders countries from legalizing many gambling forms is people's addiction, it's a pull between revenue and people's addiction, if the government needs more he can always opted for legalizing it, and ignore the cause oriented group's protest, but rejecting the legalization will just open open underground activities, it's better to legalize it and regulate it there's more advantage than making it illegal.

[k@suy]

Now the question is : Why should it be legal?
-Better handling of scammers
-Protection for people
-It does bring good revenues for the government
-healthy restrictions regarding age and addictions

Now the people are going to do it anyways they cannot control that part , what they can do is discuss the terms and conditions and create a safe environment.

What do you guys think?
Should the government allow it more openly?

The only thing that hinders countries from legalizing many gambling forms is people's addiction, it's a pull between revenue and people's addiction, if the government needs more he can always opted for legalizing it, and ignore the cause oriented group's protest, but rejecting the legalization will just open open underground activities, it's better to legalize it and regulate it there's more advantage than making it illegal.

I think also the reason behind not adapting the online gambling in some countries its because the casino operators in traditional gambling are afraid that online gambling may affect their daily income if many people will adapt the online gambling instead of playing it in traditional way because online gambling is more convenient, less time consuming and favorable to them most especially if they want to play gambling but they don't have time to go to large casinos.

[Kemarit]

Yes, online gambling is banned in US and that's why a lot of casinos don't accept US players or any traffic from US. It wasn't the case before 2006 before online gambling enforcement act came into picture. I believe the reason for such law is the offline casino owners. They have a very powerful lobby in US and government earns billions in revenue from such casino owners. It's simple that the offline casino owners see online gambling as a threat to their business in a way banks see cryptos asa threat to their business.

Online gambling market will definitely explode if US government lifts the ban but it doesn't seem to be happening anytime soon simply because the offline gambling lobby is too strong!

This is the Unlawful Internet Gambling Enforcement Act of 2006. It could be that there are lobbyist who has control of people who are in the US congress to amend this law.

But there are many states as well who has it's own law on the legality of online gambling.

[k@suy]

Yes, online gambling is banned in US and that's why a lot of casinos don't accept US players or any traffic from US. It wasn't the case before 2006 before online gambling enforcement act came into picture. I believe the reason for such law is the offline casino owners. They have a very powerful lobby in US and government earns billions in revenue from such casino owners. It's simple that the offline casino owners see online gambling as a threat to their business in a way banks see cryptos asa threat to their business.

Online gambling market will definitely explode if US government lifts the ban but it doesn't seem to be happening anytime soon simply because the offline gambling lobby is too strong!

This is the Unlawful Internet Gambling Enforcement Act of 2006. It could be that there are lobbyist who has control of people who are in the US congress to amend this law.

But there are many states as well who has it's own law on the legality of online gambling.

Really? I dont actually any idea regarding to this because I thought that all gambling activities are legal in US because they are the strongest country around the globe but I'm wrong. Anyway thanks to this information. Maybe this is the reason why I can't find anyone from US who plays online gambling but in a traditional way.

[peter0425]

The government should be more open to online gambling, because if we see the demand for online gambling is so great.
Especially in a pandemic situation like now, if the government legalizes online gambling. Of course it can be a good tax revenue.
And it can also be profitable for online gambling users, because scammers can be overcome. So in my opinion, legalizing online
gambling can be a win win solution.

government are only protecting Our safeties and also the rules of law,Each government has different outlook about gambling,while others are supporting it others are denying this,specially those countries that has Religious belief in which gambling is very forbidden and not to be tolerated though even how strict they are still some gamblers come to continue their doings in illegal ways.

[carriebee]

The only thing that hinders countries from legalizing many gambling forms is people's addiction, it's a pull between revenue and people's addiction, if the government needs more he can always opted for legalizing it, and ignore the cause oriented group's protest, but rejecting the legalization will just open open underground activities, it's better to legalize it and regulate it there's more advantage than making it illegal.

The activity of playing gambling can really be addictive to those who cannot control it. Apart from that other countries hinder legalizing it to prevent money laundering for those having an illegal gambling. So in my opinion much better to have this in a legal matter which both the government and the users can be protected from any harm.

[swogerino]

I think Us government is smart enough and by disallowing online gambling they are preserving their Las Vegas casinos from falling down in revenue.I think Las Vegas casinos give to Us government enough revenue from taxes and they don’t want to get less through online gambling.That is the reason Us government does not care at all to allow online gambling.