Online Gambling could be used to pay for covid problems

[Rodeo02]

I think it might affect players because then the casino would have to actually make more profit to pay up for the government fees, and the only way they can do it is by increasing the house-edge. That will be loss to players in the long run. But the thing is, if the government will be using these lost funds for the benefits of people then I don't see any harm. If I lose big, and the casinos pay some part of it to the government, I'll see it as a tax from me to the government and the government if honest, will use the money for public benefit which is to benefit me only. So it's a win even at loss

No, I don't think they need to do that they can only give in government a share from their earnings and will not ask for more than their capacity to pay for taxes . Its business no need to ask for too much in tax if they only want is to have help from online gambling thats why they want to regulate it.

Asking too much will result of online casino to lost so I don't think they will push to ask too much taxes .

[iv4n]

It's what governments do, first they don't care, when they see how much money is in circulation they will create a set of laws to take their share (or in some cases to take the entire control). It's a force and you can't argue with the force!
I think it's hard to talk about this in general, there're too many countries and every country will create their own rules! Soft or hard rules and regulations, it's yet to be seen, but it will be different for many of us! I doubt we will have some universal rules that can be applied to all the countries at the same time!

[Lorence.xD]

It's what governments do, first they don't care, when they see how much money is in circulation they will create a set of laws to take their share (or in some cases to take the entire control). It's a force and you can't argue with the force!
I think it's hard to talk about this in general, there're too many countries and every country will create their own rules! Soft or hard rules and regulations, it's yet to be seen, but it will be different for many of us! I doubt we will have some universal rules that can be applied to all the countries at the same time!

Their actions in regards to this is justifiable in my opinion. Tax is the lifeline of the government so it is reasonable that they want their piece of the pie. Contrary to popular belief, some laws from country are inspired by other country's law. If the country believes that it benefits more people when they pass the same law as that country then why not. The problem is that it gets muddled by the internal structure of a certain government by adding or removing some clauses.

[Kong Hey Pakboy]

If online gambling starts to regulate by the government, so they could have funds to support their COVID problem is an excellent idea because hospitals will not worry about treating their COVID patients. But not for everybody, especially for online gamblers, because it might increase its fees. There are chances for players to limit themselves from playing because they need to save money not to pay expensive fees.

[ultrloa]

I think it might affect players because then the casino would have to actually make more profit to pay up for the government fees, and the only way they can do it is by increasing the house-edge. That will be loss to players in the long run. But the thing is, if the government will be using these lost funds for the benefits of people then I don't see any harm. If I lose big, and the casinos pay some part of it to the government, I'll see it as a tax from me to the government and the government if honest, will use the money for public benefit which is to benefit me only. So it's a win even at loss

Do you think its a good idea to increase the house edge? because for that the interest of the gamblers to play on gambling site will vanish since for sure they will dismay for more higher house edge set on the gambling site and might that is the reason why there business shutdown and go bankrupt. And don't look for the benefits without counting the effect since for sure it will be messy so best to have a proper guidelines which can be fair on the casino as well with the gamblers.

[yayayo]

Just like what you've said there's a pros and cons when it comes to a regulated gambling sites even though there will be a security for the players
the players personal details will be compromise which we don't like that's why we are here in the first place using crypto to be anonymous.

ya.ya.yo!

[Mauser]

If online gambling starts to regulate by the government, so they could have funds to support their COVID problem is an excellent idea because hospitals will not worry about treating their COVID patients. But not for everybody, especially for online gamblers, because it might increase its fees. There are chances for players to limit themselves from playing because they need to save money not to pay expensive fees.

Online gambling as a part of a viable economy and tax payer is doing its part to help the government and provide funds to fight against the pandemic. But saying that online gambling should save the hole economy from going brankrupt is too much on my opinion. There are so many other sectors that can do their part in helping to relief everyone from corona. Just look at the boom on online shopping and on particular amazon. Why are these shipping in more?

[Yamifoud]

In some countries (even in our country), the government had started imposing taxes on all online activities, and might possible that Online gambling will be included as they know that this involves huge money. Well, I'm not sure if they can fully regulate such activities if a site runs illegally. This is a big challenge this time because as the pandemic hits, more online gambling sites exist, and the sad thing is that many of them are illegal.

I don't think this could help to pay covid problems but this creates a huge problem in the community where scamming rises.

[Reid]

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.

Yes, my first thought also.
It's okay if it will help. But not, if it will just go to the government officials' pocket.
This will be a discussion about trust. Will they really give the accumulated taxes to the people?
But according to regulation, they must comply especially if their gambling base is in a strict country.
It's a win for the government but I doubt it will be for the customers. 

I am just assuming and my opinion could be biased being a gambler. 

[Finestream]

I would like to segregate bitcoin casinos and fiat casinos, maybe what news is talking about is only fiat casinos, so there's nothing to worry for us here since we are crypto casinos gamblers, and the main feature of crypto casinos really are anonymity for the customers and hence we are not obliged to pay taxes for our winnings.

Regulation will certainly look on our private details as every site will demand KYC from gamblers, I don't like that.

[iv4n]

It's what governments do, first they don't care, when they see how much money is in circulation they will create a set of laws to take their share (or in some cases to take the entire control). It's a force and you can't argue with the force!
I think it's hard to talk about this in general, there're too many countries and every country will create their own rules! Soft or hard rules and regulations, it's yet to be seen, but it will be different for many of us! I doubt we will have some universal rules that can be applied to all the countries at the same time!

Their actions in regards to this is justifiable in my opinion. Tax is the lifeline of the government so it is reasonable that they want their piece of the pie. Contrary to popular belief, some laws from country are inspired by other country's law. If the country believes that it benefits more people when they pass the same law as that country then why not. The problem is that it gets muddled by the internal structure of a certain government by adding or removing some clauses.

I don't think this is justifiable, at least not in the case of pandemic! The same governments created the entire mess with their actions (locking down, forcing people to stay home...) and now they wish to make money on someone else's back?!
Maybe I live in fucked-up country where I developed my distrust to any kind of government, and I know that tax money is not going back to the people and developing of the country, it goes straight in the pockets of powerful! Just to be clear about one thing, I am not against the tax if it's used in the right way, but if the tax is the robbery than I can't support that!

[michellee]

It is normal to see many things that will happen with the pros and cons, especially if we talk about regulated gambling sites. Gamblers don't want to have regulated by the government, especially if the government or the site applies the KYC. KYC is something that the gamblers avoided because many of them don't like to share their document with other third parties.

The regulations can really affect gambling sites if the government forces those regulations to the site. The site will lose the members who don't want to fill the KYC. But if the regulations are really applied in European countries, I think many gamblers from those countries will not use the sites which come from that country, and they will search for the other gambling site which doesn't use KYC.

But if the sites ask for donations or whatever its name, including taxes to help the Covid-19 patients, I think it makes sense because the gambling sites make a thousand dollars. As long as the sites don't use KYC and only apply taxes to help Covid-19, the gamblers will agree.

[Fundamentals Of]

I would like to segregate bitcoin casinos and fiat casinos, maybe what news is talking about is only fiat casinos, so there's nothing to worry for us here since we are crypto casinos gamblers, and the main feature of crypto casinos really are anonymity for the customers and hence we are not obliged to pay taxes for our winnings.

Regulation will certainly look on our private details as every site will demand KYC from gamblers, I don't like that.

They're probably talking about online casinos in general but that is normally understood as fiat online casinos since crypto casinos are very limited. We can only probably count with our fingers the crypto casinos registered in European countries.

I don't think crypto automatically means no tax. It depends on specific countries. I guess there is no single country which says your crypto is tax free.

I also don't think regulation necessarily means KYC.

[adzino]

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

1. Not really. They will setup a  fake casino. Won't register. Most people don't care about license or registration. They will see some good offers, they will deposit and then they will lose their money/coins.
2. How?
3. Not everyone will be protected. Remember, laws differ from country to country.

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

1. Someone has to pay for it. Be it the casino or the players. Based on all the pros who stated, don't you think its worth paying the extra charges?
2. As soon as you connect to the internet, there is no such thing as privacy. You can still always be tracked.

[YuginKadoya]

This could be good if the money they can get from all online gamblers would really go for a good cause, I am not saying that the government in Europe is all corrupt? but expected here in my country it is really worst because there are 90% in the governance back then that are corrupt and just because of the newly elected president this numbers just drop to 75% in my opinion,

What I am saying this regulating online casino can surely help in some ways but if it only goes to the pocket of some corrupt government then it is a total waste, but I am just saying this because of the situation now that they are suggesting it to use on the problems on covid 19 that is a great plan, but what if they had another in mind?

[erikoy]

This could be good if the money they can get from all online gamblers would really go for a good cause, I am not saying that the government in Europe is all corrupt? but expected here in my country it is really worst because there are 90% in the governance back then that are corrupt and just because of the newly elected president this numbers just drop to 75% in my opinion,

What I am saying this regulating online casino can surely help in some ways but if it only goes to the pocket of some corrupt government then it is a total waste, but I am just saying this because of the situation now that they are suggesting it to use on the problems on covid 19 that is a great plan, but what if they had another in mind?

You mean that they are just using the pandemic for their own sake? High chances are because you had stated so that 90% of the elected officials but were just drop to 75% which still high and thus base on your speculations. It so hard to trust these days with the people especially if it involves money. The plan may be good but the questions is that do the people working for the plan could be trusted? If not then better not to make it happen for it will just be a waste of time.

[fiulpro]

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

But the thing is The government is trying to make a digital platform to actually locate anyone who is going to use funds by making KYC mandatory on all the platfroms at the same time making KYC mandatory for all the bank accounts owned by an individual. They are trying to not only check for illegal activities but also see any tax frauds.

Wallets , sites , bank accounts , all of them needs KYC !! If they would go to such lengths to impose the KYC on online gambling , no one would actually use it for sure since privacy is a big factor and they have to at least give some thought for the same. It would decrease the number of people interested in the online gambling so decrease their revenues. So I don't think they will do , they can do for sure but they won't kill their own taxes.

[plvbob0070]

It's undeniable that they can indeed earn more tax by regulating online gambling since online casinos have quite bigger profits. But the question is, will it really help to lessen COVID cases in Europe? Will they really see a change in their current situation because they will have more money to fight the pandemic?

As mentioned by the OP, there are benefits when they regulate online casinos, but obviously, gamblers won't like the idea of getting extra charge and having an issue with privacy.

[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.

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.

They are really looking for alternatives or else they would really suffer because they wont really get any funds that would really be used up for those purposes.

Theres no other way on where to get taxes but only to those businesses that do pay up their obligations.On this time they wont really mind much about ethical things as long it can give out
tax then they wont really be bothering up if a certain industry is involved with some money laundering issue.

For sure those establishments are pretty aware that it would really be somewhat risky if they do make out operations that do involved with illegal stuff.They cant just
let themselves tagged along with it yet it will surely put at risk into their business.

We can see that majority of businesses now had been allowed to open their doors now into the public but ofcourse theres certain health protocol that really needed to be followed.
They do still think about peoples safety in spite of the motive that theyre aiming in talks of taxes which is still a must thing to be prioritize.

[kryptqnick]

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

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

I think that taxation of casinos would be fair. Then again, aren't they already paying taxes in places where they legally operate? Strengthening oversight and requesting more payments from the casinos is only fair if other businesses face the same thing. And privacy violations are not going to help fight the pandemic at all, so this should be abandoned altogether. As for people paying up more, I don't think it should work this way. I think the money should be extracted from the income of highly successful casinos (and, again, other businesses).