Online Gambling could be used to pay for covid problems

[fiulpro]

I don't know if it has been shared or not , but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.

https://www.euroweeklynews.com/2020/10/22/will-european-countries-regulate-online-gambling-to-pay-for-covid-19/

We already have laws regarding these casinos but I do believe for the government it is not enough.

Pros:
 1. Can help regulate the spam casinos
 2. People will have security
 3. They will be protected by the laws

Cons:
 1. People will have to actually pay up more indirectly for extra charges
 2. No privacy

`````````````````````````````````````````
What do you think ?
Is this essential? Would it affect the online casinos?
 

[Bttzed03]

New tax measures for online businesses have been proposed in almost every country because the Government needed new source of funds. They won't be able to collect much from traditional businesses (non-essentials) because we already know they've been hit hard by the pandemic too. Online selling and gambling have been the most profitable that's why these proposals are to be expected.

Is this essential?

For the Government, yes. For the gamblers, No.

Would it affect the online casinos?

It depends on the jurisdiction. Casinos are only liable to the country where they got their license if I'm not mistaken. Changes in policies in countries like UK, Germany, or Malta won't affect online casinos approved by the Curacao Government.

Most bitcoin/crypto casinos here are registered in Curacao, I guess the answer is no?

[fiulpro]

New tax measures for online businesses have been proposed in almost every country because the Government needed new source of funds. They won't be able to collect much from traditional businesses (non-essentials) because we already know they've been hit hard by the pandemic too. Online selling and gambling have been the most profitable that's why these proposals are to be expected.

Is this essential?

For the Government, yes. For the gamblers, No.

Would it affect the online casinos?

It depends on the jurisdiction. Casinos are only liable to the country where they got their license if I'm not mistaken. Changes in policies in countries like UK, Germany, or Malta won't affect online casinos approved by the Curacao Government.

Most bitcoin/crypto casinos here are registered in Curacao, I guess the answer is no?

I do believe that even if most of the casinos are situated outside the country the rule will apply on people who are going to use them. Even if someone from Europe decides to use the casinos the rules will be applicable on them and therefore I believe this is important for all of us.

If someone is going to use them , they are going to pay for the extra charges related to the laws concerned. If the government decides that the casinos have to pay 5% of the total funds deposited or something like that , they will make sure that people have to at least pay 3.5% since the margin is not as good for them too.

Plus the registration of Curacao is weird since they don't even allow their own citizens to play , there was a whole topic about it .. anyways if it will affect people it will affect the casinos itself.

[rijaljun]

What comes to my mind immediately if it was regulated for sure it would require to conduct a KYC which would violated on what most of us like which is Anonymity but we can't blame the government since I think they're just doing this to have some extra source of fund to sustain their economy due to this pandemic.

[Saint-loup]

What comes to my mind immediately if it was regulated for sure it would require to conduct a KYC which would violated on what most of us like which is Anonymity but we can't blame the government since I think they're just doing this to have some extra source of fund to sustain their economy due to this pandemic.

They don't need to impose KYC for that, with the blockchain governements could easily monitor the funds comitted on the platforms and tax them

[stomachgrowls]

Essential for government since we know on how gambling sites do make out big money which would means that tax will also comes into play and its not a surprising thing that
government would always love to go in things on where they can see that they would able to benefit out.

Most government now do really having this kind of solution since this pandemic did really give out some massive hit in means of economic state.
They had already opened these establishments and do continue their operation.They know that it will really be useful in times like these.

When it comes to regulation then expect for something like that.Fiat casinos is much more centralized where KYC would always be a norm.

[dothebeats]

Regulation does not always necessarily mean taxation. Perhaps they just want to minimize the fraud and possibly restrict some activities active in the online gambling platforms but not in brick-and-mortar casinos. But given that we have been battered with the wrath of a pandemic, it's not really far off that we will see the government trying to tax online gambling platforms to collect something out of them and to complement their already depleting funds due to this pandemic.

What do you think ?
Is this essential? Would it affect the online casinos?
 

Not really essential, though it is a step forward albeit the potential damaging effects of the regulations to the online gambling industry since KYC will be implemented that's for sure, plus a lot of other privacy-related concerns since we're talking about the government here.

[enhu]

Essential for government since we know on how gambling sites do make out big money which would means that tax will also comes into play and its not a surprising thing that
government would always love to go in things on where they can see that they would able to benefit out.

Most government now do really having this kind of solution since this pandemic did really give out some massive hit in means of economic state.
They had already opened these establishments and do continue their operation.They know that it will really be useful in times like these.

When it comes to regulation then expect for something like that.Fiat casinos is much more centralized where KYC would always be a norm.

The pandemic forces the government to find alternatives to get some funds, not just taxes from indivduals but also tp online businesses. Casinos are the easiest gateway for laundering I'm sure they have that in mind and they are not going to make it easy for casinos.

They make a lot of money considering that they are not affected with the pandemic and instead continue to enjoy making more money.

[notblox1]

What do you think ?
Is this essential? Would it affect the online casinos?
 

I think they started doing it locally first first Germany and some other countries, and I think they will add some extra tax and restrictions to try and cut some losses.
With added kyc verifications we can only see more taxes not just for casinos but also for regular people and customers.
It is all just one big money collecting machine and nothing will change until people start to complain in large numbers.
Sure we need some regulations but not total control of everything.

[Yaunfitda]

Just ironic though, governments are blaming gambling because they said that it is harmful specially if someone becomes an addict, so it's illegal per se. And now they are shifting focus and wanted to tighten it because it could be used to pay for covid problems? Double standard. I'm not down with this one, and it seems that they don't have any resources to help the covid pandemic and they will have to get it from online/offline gamblers.

[FinneysTrueVision]

This seems unnecessary. Unless a casino business is based in your jurisdiction you don't need to try and take money away from them that they earned. Imposing even more regulations on them could negatively impact casinos and gamblers and push people towards more private, unregulated options that don't require KYC. At least some countries are loosening their restrictions on online gambling like Germany and Latvia so all hope is not lost.

[johhnyUA]

I don't know if it has been shared or not , but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.
`````````````````````````````````````````
What do you think ?
Is this essential? Would it affect the online casinos?
 

Man, this is what a government is: trying to get tax from everything it can. And yeah, "regulations" is never going to be good. More likely theu just create few "licensed" casinos where everything will be shitty and many grey casinos, where everything will be even worse (scams become more often in their part).

Also with all this leftists shit, i think in near future you will think not about is it good to tax and regulate casino rather about "Is it good to tax fresh air outside"?

[Wapfika]

As the economy is having problem and finding ways to keep them is to find  ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

[TimeTeller]

As the economy is having problem and finding ways to keep them is to find  ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

From the gamblers side, it is not good as it may incur additional charges and yes, privacy is another issue here.
But if we look at it from the government's side, this will be another avenue to earn income.
And that they badly needed this option, as a lot of businesses are still not in good shape.
Also, prevent scam online casinos. There's a lot of them actually, trying to dupe naive players.
So there are pros and cons on both sides, just weigh your options as a gambler.

[batang_bitcoin]

Is this essential? Would it affect the online casinos?

It is essential for casinos that have office in their jurisdiction. But if not, they are not covered of this law not unless the law states specifically to the gamblers who are residing covered by that law. The ones that will feel the impact are mostly those casinos or individuals that are on that country that will apply that possible law they're about to create. I can't give that much of my opinion on this as it's still on the process and consideration, I'll wait until it's being passed on, read and finalized.

[Eternad]

Just ironic though, governments are blaming gambling because they said that it is harmful specially if someone becomes an addict, so it's illegal per se. And now they are shifting focus and wanted to tighten it because it could be used to pay for covid problems? Double standard. I'm not down with this one, and it seems that they don't have any resources to help the covid pandemic and they will have to get it from online/offline gamblers.

If it will only due to money or tax they wanted to charged then just let the gambling casino registered but not fully regulated by them. Let the casino just required some permits to operate so they can still taxed them depending on the amount they earned thru gambling or make it only as a requirement to continue to operate but not literally regulating them and put changes in online casino. Many governments see that many were dealing online transactions that lessening the amount paid by registered companies. Any online transactions now were eyeing by many governments even the use of Spotify and Netflix. They wil need to provide a system to see how they will taxed online transactions now.

[DabsPoorVersion]

What do you think ?
Is this essential? Would it affect the online casinos?
 

This is essential only to the government,

This is not okay for online gamblers because their privacy will be gone and this will add more additional charges from them, though it is okay to tax as long as it will help the covid problems but due to regulations, this will make gamblers provide their identity even if they don't want to.

[Oasisman]

 2. No privacy

This alone could affect both the gamblers and the online casino. Nobody wants to be monitored, and thus the main reason why people wants to gamble using crypto.
Regulating online casinos will just make online gambling an expensive leisure.
In this dire situation the government tends to monetize everything from the internet, they want to impose tax and regulate everything as physical stores and casinos are limited and doesn't able to generate enough income to meet the normal taxation value. I'm not sure If gamblers and online casinos are benefiting from it, but one thing is for sure, it'll always in the favor of the government.

[Assface16678]

What do you think ?
Is this essential? Would it affect the online casinos?
 

Regulation and taxation, right? To most of the activities, governments are looking for a way in order to get something from it. I do like the idea that the money that would be taxed from gambling would help the economy but corruption exist, I doubt each government will responsibly use the taxes from this industry to aid this pandemic perhaps, or to simply put the taxes in the right track. That's the only thing i'm concerned with. Taxation is not a problem but its essence does. Not all gamblers are winning bigtime and if the taxes on this activity will just be directed to their corrupted pockets, efforts will be in vain. But I doubt it would push away gamblers in online platforms to not engage, it is like on vices wherein no matter how high the price already is, consumers would still purchase some.

[AliMan]

As the economy is having problem and finding ways to keep them is to find  ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

This is a good alternative when tax will be implemented with online gambling, and as pandemic will be suppressed normal life will be saturated. Government need businesses to sustain, so in cooperation with different sectors I think it's an ample solution. Regulations should be imposed with definite classifications, not just with gambling but also for other types of institutions particular with online goods.