What would you think of Meta (Facebook) allowing bets in the metaverse

[paxmao]

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

[Hydrogen]

Legalizing and taxing marijuana is a no brainer for states increasing tax revenues.

Legalizing and taxing gambling is a variation on the above.

It is known that casinos and gambling websites raked in big money over the past 5 or 10 years.

Implementing gambling on websites isn't highly CPU or memory intensive. Which makes it an easy option for platforms like facebook to adopt to boost profit revenues.

While facebook might ordinarily shy away from such a controversial move in an effort to avoid alienating its user base. It seems their brand name recognition has been hurt badly enough, or their profit margins are in big enough danger for them to throw the hail mary.

[AmoreJaz]

if they will indeed enter the gaming or gambling arena, it may cause one reason for people to get addicted with this app. but the reputation will possibly deteriorate as it may not be good for younger gen as it will be another source of many problems that may arise later on. they may get the attention but this move may put them in the bad light.

[romero121]

if they will indeed enter the gaming or gambling arena, it may cause one reason for people to get addicted with this app. but the reputation will possibly deteriorate as it may not be good for younger gen as it will be another source of many problems that may arise later on. they may get the attention but this move may put them in the bad light.

Metaverse won't come up with such plans of implementing gambling. There is more chance for separate digital rooms available for the services and make use of it. Addition of gaming is quite good and this is being used by all levels of people. Over the past few days I've got more than ten messages challenging through a game.

If gambling is added, then it'll surely affect the reputation of the platform. This can lead to ban from governments of different countries same as the few countries banning tiktok.

[Wexnident]

Well, it certainly wouldn't be odd If they did so I suppose. It is still a method for their company to earn money after all, and since they are rebranding, touching upon some industries that they originally didn't seem like a plan. After all, as others have said, Facebook's rebranding is currently a mess and is pretty much only a means for them to redirect about the issue of their data getting breached. Plus, everything in the scene is pretty much growing, gambling isn't alone with that so it's a pretty good opportunity to enter it imo.

[AicecreaME]

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

I don't think Facebook would allow gambling on their platform. Facebook is a social media platform that enables the users to utilize its features, to interact, and to be updated on the current happenings at ease. It is not only intended for the adults, but also for the younger generations as well. Facebook allows the youngsters to use their app.

In fact, Facebook users are actually composed of teenagers and young adults based on what I've read in an article that talks about the statistics of average age of Facebook users. With that, definitely Facebook wouldn't dare to risk their reputation. Because they are not only catering adults, but also the innocent ones which could be destructive if they were introduced to gambling at a young age without proper guidance. They are open into gaming industry, but not really when it comes to gambling that could cause addiction. Also, correct me if I'm wrong, but they also prohibit advertisement and any promotion related to crypto in their terms and policy.

[yazher]

I don't think Facebook would allow gambling on their platform. Facebook is a social media platform that enables the users to utilize its features, to interact, and to be updated on the current happenings at ease. It is not only intended for the adults, but also for the younger generations as well. Facebook allows the youngsters to use their app.

This is a good answer and that would definitely be the case because gambling is strictly for adults only no matter how you think about they don't care about the outcome and they will impose the gambling activity anyway, it just doesn't work like that because one share about gambling in Facebook that has some good captions, it would spread so fast that even kids will not hesitate to try it and that would make them regret with their decision when they see what they have done.

[xSkylarx]

I don't think Facebook would allow gambling on their platform. Facebook is a social media platform that enables the users to utilize its features, to interact, and to be updated on the current happenings at ease. It is not only intended for the adults, but also for the younger generations as well. Facebook allows the youngsters to use their app.

This is a good answer and that would definitely be the case because gambling is strictly for adults only no matter how you think about they don't care about the outcome and they will impose the gambling activity anyway, it just doesn't work like that because one share about gambling in Facebook that has some good captions, it would spread so fast that even kids will not hesitate to try it and that would make them regret with their decision when they see what they have done.

I believe that Facebook is a social media platform in and of itself, but my friend Mark Zuckerberg haha introduced the metaverse, in which I believe gambling is possible; it is not a social media platform, but rather a significant innovation. I'm not sure what will happen, but rumors say there's gambling there for entertainment. I don't know well  the metaverse, but the NFT community is hyping it, and the gambling community is expecting big things if betting is allowed.

[BitcoinAccepted]

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

Imagine playing gambling games or watching games through VR actually that's really good to think of but we still don't have any idea or beta on what will the Metaverse will look like but I think it's possible that may enter to gambling industry and other things like probably black market (Let's hope not) and Adult industry I think it's unstoppable especially if the room or server is encrypted or private.

[Woodie]

While we keep talking about Facebook aka Meta, is this new name change actually taking place because the company name is already being used by another and if they choose to go on with this they will have to throw in a couple of dollars, millions to be exact as the current owners know they have the capacity and they need to buy it off them first.

However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

All i will say is a successful company knows when to diversify its portfolio to spread risk and maximize on its profits...and tbh this is a welcome move. Welcome to the gambling ecosystem meta.

[cabron]

While we keep talking about Facebook aka Meta, is this new name change actually taking place because the company name is already being used by another and if they choose to go on with this they will have to throw in a couple of dollars, millions to be exact as the current owners know they have the capacity and they need to buy it off them first.

However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

All i will say is a successful company knows when to diversify its portfolio to spread risk and maximize on its profits...and tbh this is a welcome move. Welcome to the gambling ecosystem meta.

Which facebook actually knows when to diversify to become successful. They wouldn't be attacked by the fake whistleblower if they are not successful although its not the kind of success that all will like, however.

Meta  I think will be open to businesses just like how Facebook was before where companies can have an app using thier servers. If there will be gambling on it I suppose that's how digital currency can have its use.  Hope to see DIEM be used in dice games.

[Smartprofit]

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

I am confident that gambling will continue to evolve in the Metaverse.  

At the same time, the concept of gambling will be rethought.  You will be able to play with friends and strangers.  Moreover, the physical distance between you does not matter.  
Also in the Metaverse, your avatar can have any form - centaur, hobbit or elf.  Or mermaids, for example.  

Money isn't the only bet.  For example, the life of your virtual character.  In the metaverse, gambling bets will not be money, but NFT.  

At the same time, NFTs will not be encrypted pictures, but special programs that implement a special set of rights and capabilities in the Metaverse.

[mitchr4]

I think gambling games on Facebook have been around for a long time. Texas Holdem Poker from Zynga, I don't know if the game can still be played on facebook or not but I see they already have an app. In my country, this game was very popular, we could even buy or sell chips between players.

[timerland]

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

Well, in every single MMORPG there has been user created casinos.

I think that this will be no different to the FB metaverse - it'll be incredibly hard for them to regulate betting activity, but I don't think that they will actively partake in it.

That would just add fuel to their PR fire right now and it's not going to yield them much results.

[iv4n]

I think gambling games on Facebook have been around for a long time. Texas Holdem Poker from Zynga, I don't know if the game can still be played on facebook or not but I see they already have an app. In my country, this game was very popular, we could even buy or sell chips between players.

And I remember that people were buying/selling chips for poker! They have slots as well, and all other gambling games!

I guess Facebook is big, and it's not like they are lack money, so if they make a decision to get more involved in gambling they will do it! But, there's always that but, they will probably have problems with regulations! It's for their legal team to deal with it, and I believe Facebook has a big, high-paying, team of lawyers to sort it out for them!

I am not using FB for years, since they asked me to verify myself (KYC), so even if they have go this way it will be with mandatory KYC! So most likely I will not even consider trying them!

[Mauser]

Just changing the name of Facebook into meta won't be doing much if they don't try and change their image as well. Going into new sectors might be attracting new customers if they haven't been involved with Facebook before. Betting might be one of those areas to get new social media market shares. The question is what is the target group of Zuckerberg now. Does he want to be more active in the 20+ age group or does he want to focus on the younger geverstions. Facebook is more for the older generations, whereas Instagram focuses on all age groups except for kids. For a social media company to remain on top its crucial to involve the younger generations. Betting might be a big counterproductive here because the parents could become afraid of their kids to lose money with betting. Using the current market share to get into gambling is one way to boost profits, or try and increase the market share by engaging more people in social media.

[dimonstration]

I think gambling games on Facebook have been around for a long time. Texas Holdem Poker from Zynga, I don't know if the game can still be played on facebook or not but I see they already have an app. In my country, this game was very popular, we could even buy or sell chips between players.

Games and gambling is different. All that you mention is just a game even though it is widely use for gambling. There is no money involved on all the Facebook games before including those poker, hi-lo and many more. There metaverse will be different but I guess they will not allowed those games that has an involvement of gambling(with real money) that run on them since its against the especially they are on US. It might be ripped off or there company might put at risk incase they allow this.

[Bttzed03]

If this is something like PVP where players wager their items and these items can be sold in an online marketplace within Meta, I think it should be fine. Perhaps they could put a system to regulate the pricing and not reward their players too much. Remember that Facebook started out with a lot of free games before and people got hooked. Adding an incentive to that will probably get them more users which is what they want.

[danherbias07]

They can if they want to. I do think they have the ability and the resources to do it all. But, the impact on their supporters will be unknown.
There will always be a part against it and those who will support it.
Gaming industry. Years ago, I am playing a lot of MMORPG using the Facebook platform, I forgot the name of the game, I'll add it up once I remember.
Then, they also have Zynga Poker which could be played directly on their page. All they need is a team focused on different industries and maybe some papers for legality. And that's where the real problem will be, legality. Let's remember how Libra was denied by their government.

[Fortify]

It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

Considering all the bad publicity Facebook gets already, I highly doubt that it will be set up with the intention to allow gambling. They'll probably have some form of microtransactions going on and that will include gaming items - like skins or weapons. It might happen further down the line, but Facebook already has a solid amount of big name advertisers that they might not want to possibly compromise that revenue stream if they were to allow betting (which is still shunned by some). Once everything else is going and maybe ten years down the line as it gets more widespread in America (as we see with States getting more lenient) then it might be more acceptable.