Blockchain and Gambling

[Hippocrypto]

Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

[1714209209]

1714209209

[1714209209]

1714209209

[1714209209]

1714209209

[1714209209]

1714209209

[1714209209]

1714209209

[Fivestar4everMVP]

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

[passwordnow]

Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

[tippytoes]

Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

Fiat-based casinos have been existing for decades and decades already. So more than likely, their system is already established when it comes to tracking their customers. However, we can't deny the fact that blockchain technology in crypto gambling will make their data much transparent and maybe less work for their data analyses. Blockchain tech is really revolutionizing not only the gambling industry but all the other industries.

[goinmerry]

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

[adzino]

AFAIK, Most of the online gambling operator are using blockchain for all the transactions entering on there casino since payment method is in crypto and its all recorded if the dispute is about whether the user indeed deposit/withdraw the exact amount.

You mean "all crypto" casino are operating using blockchain for transactions? I don't think fiat online casinos use any kind of blockchain technology. It's not going to be a big issue for fiat casinos to know if the user indeed deposited/withdrew the exact amount. Just few calculations, bookkeeping and accounting is enough for them.

There's a lot of online casino that completely coded on blockchain. The only problem was the slow transaction speed whenever lots of player is playing at the same time. Blockchain is indeed the solution to gambling industry to solve trust issue, the only problem was the blockchain that will give the right TPS to run this tons of transaction for a short period of time.

I have only heard of few casinos. Most of them have centralized tokens system (even though they say they are decentralized, but they control most) that users can use to gamble. They aren't very much popular.

[madnessteat]

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

You can always gamble on sites which are not in the jurisdiction of countries with mandatory KYC and are not subject to their laws. Besides I think if regulators will pressurize gambling business using cryptocurrencies it will lead to decentralized casinos like it happened with trading platforms.

[traderethereum]

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

It is right what you say because we are always aware that when we are on the internet, we need to protect ourselves from other bad things and by being anonymous, we can hide from those who want to do something bad to us.
Even if the regulator can use blockchain to track the transaction, the regulator will be hard to identify that we are using the coins for playing gambling because we can use various coins just to playing gambling.
And with so many crypto gambling sites that we already knew, it will be a place for us to play gambling as an anonymous user and the casino itself does not ask us to verify our account.

[davis196]

The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

[Oshosondy]

What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

The issue of gamblers to bet responsibly can be done using different approaches which many are already existing, blockchain may not offer much help in this case, blockchain is transparent, what goes on it are transparent, and that can be the usefulness of blockchain. If transparency can help in curtailing gambling addiction, then blockchain will have more to offer, but even the gambling addicts are not transparent in anything but addicted, even most hide the addiction from people that are close to them.

[imstillthebest]

What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

even the gambling addicts are not transparent in anything but addicted, even most hide the addiction from people that are close to them.

they can hide their addiction to the people around them but not when they already start gamble online because all of thier sessions are clearly and accurately recorded thanks to the help of blockchain .
someone can create a platform where we can get data's from gamblers and concerned people can use this site  .
 gamblers themselves can also see their data and this will make them responsible next time .

[Smartprofit]

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

Blockchain technology has certain disadvantages.  First of all, it is speed.  Centralized solutions provide faster response times. 

Riccardo Spagni is a recognized expert in the field of anonymity and privacy.  Riccardo Spagni wrote that people should understand that all information in the blockchain is fixed forever.  It is no longer possible to remove this information from the blockchain. 

How good is it for gambling? 

Everyone must answer this question for himself.  In addition, blockchain technology itself, even such anonymous and confidential blockchain as Monero, does not guarantee anonymity. 

All other security measures for working on the Internet must be observed.

[Wexnident]

they can hide their addiction to the people around them but not when they already start gamble online because all of thier sessions are clearly and accurately recorded thanks to the help of blockchain .
someone can create a platform where we can get data's from gamblers and concerned people can use this site  .
 gamblers themselves can also see their data and this will make them responsible next time .

But the purpose of a blockchain implementation in gambling in the first place was to provide anonymity though? (Pseudo, at least). That goes against the very idea of what a blockchain gambling is, might as well just make all casinos have KYC, centralized, and there's a site that showcases the database of the name of players and the amount of money they've spent per session (or day). Additionally, this in no way actually makes people responsible, they gambled in the first place since they don't give a damn about what would others think after all.

[passwordnow]

Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

Fiat-based casinos have been existing for decades and decades already. So more than likely, their system is already established when it comes to tracking their customers. However, we can't deny the fact that blockchain technology in crypto gambling will make their data much transparent and maybe less work for their data analyses. Blockchain tech is really revolutionizing not only the gambling industry but all the other industries.

Yes, there's more advantage using the technology that blockchain has brought and it made a lot of things easy not only for the casinos but also for the customers because there is transparency. But for the fiat casinos that still don't adopt cryptocurrencies, they're still good with their process even it takes for them to start realizing that crypto and blockchain will do significant huge change on their operations in a positive way.

[Fivestar4everMVP]

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

You sure misunderstood what I meant by crypto making it easier to track transactions, what I meant was that in times where a payment  issue arises between an operator and a client, one party can easily provide his or her transaction ID for verification of payment, this way, resolving issues are way much easier and straight forward since the blockchain does not lie,  one party can easily confirm if for sure payment was made to his or her address or not.

[AicecreaME]

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

Blockchain transactions can be track but it has only limitations, like it could only shows where country do you live but not your name and how do you earn your money. Besides, let's say they could really trace all of it, your name, address, your whereabouts, then why be afraid if you're not doing anything wrong, right? Also not everyone in the crypto world has the time to trace all of the cryptocurrency users just to become a stalker.

[Davidvictorson]

The fact that blockchain can be used to track a player's journey to show the markers, the indicators of gambling-related harm and promote responsible gambling is absolutely amazing. However,  there are complicated disputes between gambling operators and clients that would definitely end up in court. Like the case of  Mr Andrew Green who played a game called 'Frankie Dettori's Magic Seven Blackjack' on Betfred’s mobile casino app. Mr Green also played on a side bet feature within the game. At the end of Mr Green’s gaming session had won £1,722,500.24 as shown by the app. However, the operator would not give him his winnings because according to them, there was a fault in the game.

https://www.cms-lawnow.com/ealerts/2021/04/what-the-high-court-summary-judgment-in-the-green-v-betfred-case-means-for-gambling-operators

[worldofcoins]

The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.

[AmoreJaz]

The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.

blockchain technology definitely will not be responsible in the reduction of gambling addiction. it will aid in transparency and honesty from the casino operations. but addiction is a different story. blockchain tech will aid in the fast resolution of disputes between the casino and the player, as they can easily track the activities of the player and check where it went wrong. now, it is even easier to check the provable fairness of the system by using the provable verifiers. the job of those handling disputes will be much easier if the casino is running via blockchain tech.

[Lanatsa]

The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.

blockchain technology definitely will not be responsible in the reduction of gambling addiction. it will aid in transparency and honesty from the casino operations. but addiction is a different story. blockchain tech will aid in the fast resolution of disputes between the casino and the player, as they can easily track the activities of the player and check where it went wrong. now, it is even easier to check the provable fairness of the system by using the provable verifiers. the job of those handling disputes will be much easier if the casino is running via blockchain tech.

Don't know on why they are tagging blockchain technology into gambling addiction which doesn't really make any sense because they are really totally different because addiction is something a personal

problem which had been caused by the players motives and perception about gambling which turns out to be bad.Blockchain is what make things more interesting where it do really make things possible

and transparent which simply means it has nothing to do about emotional or events in life on a particular user.