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

[Obito]

It will be the same as other VR games out there, I feel like the only difference is that this one is backed by a big tech companies. To be honest, I think that this is a useless one since we have VR chat already so why not capitalize on the existing technology and innovate there or even create your projects there. Also, I feel like gambling is going to be one of their main interests since Facebook doesn't support that in their platform then I don't think that in their Metaverse will it be any different.

[dbc23]

It will be the same as other VR games out there, I feel like the only difference is that this one is backed by a big tech companies. To be honest, I think that this is a useless one since we have VR chat already so why not capitalize on the existing technology and innovate there or even create your projects there. Also, I feel like gambling is going to be one of their main interests since Facebook doesn't support that in their platform then I don't think that in their Metaverse will it be any different.

There are lots of VR chats already but I just feel metaverse would have a wider adoption it wouldn't be useless if metaverse allows betting as it would bring in more realistic real world experience for those who love to gamble and it won't be compulsory for all it would just be a Matter of ones interest.

[rhomelmabini]

well, they won't be able quickly use their metaverse for gambling, I think they are more focused on exploring the metavese world market first,
rather than rushing to market a gambling platform, which limited use not all countries allow.
basically gambling when combined with the metaverse I think will be more attractive however this is not their focus IMO.

They would likely to focus on the gaming and social interactions just like what they have been doing recently when it's still named as Facebook. They are already huge enough as a social media and now entering the Metaverse world is a huge feat and if they rush to gambling or even just enter that market it will just raise some eyebrows to some critics.

[traderethereum]

well, they won't be able quickly use their metaverse for gambling, I think they are more focused on exploring the metavese world market first,
rather than rushing to market a gambling platform, which limited use not all countries allow.
basically gambling when combined with the metaverse I think will be more attractive however this is not their focus IMO.

Maybe while their members will explore the metaverse first and find the gambling platform inside the platform.
Their members can feel that meta will be the one-stop point to access many things, including playing gambling and communicating with other people.
I guess Facebook needs to set everything works before they want to launch gambling games inside the site as that can be a new update that Facebook will do it later.
It seems Facebook wants to be the number one social media that has everything the user needs.

[Oshosondy]

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?

It can be a rumor but it will be what will actually happen, the mataverse is digital but it is digital existence of people interacting, anywhere people are interacting, gambling will begin naturally there. Some people may even use it for no two reason than to gamble.

I guess Facebook needs to set everything works before they want to launch gambling games inside the site as that can be a new update that Facebook will do it later.

Facebook can just be the inventor, did you think other companies will not begin their own metaverse which will be called in another name, expect such. Even if faceook did not do anything about gambling which I am not even expecting from its side, many people will set it up themselves, even gambling companies will set it up there.

[acroman08]

It'll be a new experience and I am sure if it brings convenience when gambling or at least makes gambling more enjoyable(besides the new experience) I am sure tech-savvy gamblers would likely want to use it or at least try it out but I doubt it'll be one of their focus or if it is even in their plans.

They would likely to focus on the gaming and social interactions just like what they have been doing recently when it's still named as Facebook.

that's what I thought too. I mean, that's probably the main reason why they created it.

[Maslate]

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 guess it's a great idea as betting would be easier knowing we are using a platform that is reputable, however, that would also mean we have to go through KYC which we need to use our real information on our facebook (meta) accounts. They'll certainly do some innovation to increase their revenue but we also have to understand that it always depends whether the government will approve or not, their plan is only a plan without an approval.

[btc78]

It will be the same as other VR games out there, I feel like the only difference is that this one is backed by a big tech companies. To be honest, I think that this is a useless one since we have VR chat already so why not capitalize on the existing technology and innovate there or even create your projects there. Also, I feel like gambling is going to be one of their main interests since Facebook doesn't support that in their platform then I don't think that in their Metaverse will it be any different.

There are lots of VR chats already but I just feel metaverse would have a wider adoption it wouldn't be useless if metaverse allows betting as it would bring in more realistic real world experience for those who love to gamble and it won't be compulsory for all it would just be a Matter of ones interest.

Of course Mark Zuckerberg already anticipated everything , he knows the business well and he will not enter in anything that he don't know what is the outcome .  remember that Facebook Success is one of the most recorded all the years so yes even there are lots of VR games out there yet  Mark will enhanced this area to make sure they will bring big difference from the common VR's out there.

[Jawhead999]

It's possible in the future when almost countries treated gambling is normal games and Olympic include gambling as one of the sport, but it's still rumors until now. Meta will be very strict if they allowing bets in metaverse, because they need to make sure the user who control the account is eligible to gambling (e.g. ages, residence, regulations, etc etc).

But if Meta already allowing bets, I wouldn't try it and will keep stick with my favorite casino. There're a lot leaked data issues and how worst the Meta privacy, that's make big NO for me.

[Fesatmas]

well, they won't be able quickly use their metaverse for gambling, I think they are more focused on exploring the metavese world market first,
rather than rushing to market a gambling platform, which limited use not all countries allow.
basically gambling when combined with the metaverse I think will be more attractive however this is not their focus IMO.

or indeed completely non-existent. We all agree to see how far the metaverse world is introduced to the world in a concept that is much more focused on developing technological intelligence. I'm not really interested even though it has something to do with gambling, because the concept of the metaverse of Facebook itself is still biased and can't be felt or implemented by everyone. This was just part of the plan, not much different from the Libra launch at the time. Until the end did not have a smooth road.

[Obito]

~snip

There are lots of VR chats already but I just feel metaverse would have a wider adoption it wouldn't be useless if metaverse allows betting as it would bring in more realistic real world experience for those who love to gamble and it won't be compulsory for all it would just be a Matter of ones interest.

No they don't, most of the pitch videos are already available in the market so I don't really see anything new with what they're planning to do with this one. Also, your description of betting in VR is a bit on the reverse if you think about it. Why would you go to VR just to experience realism in the betting world when there's already a real thing for that.

[qwertyup23]

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?

This would definitely be beneficial to Meta (Facebook) in terms of their revenue sharing.

Imagine, having the most popular social media website that promotes gambling and offers games on their hub. Not only do you advertise various gambling websites among billions of people but you basically have a guarantee of a spot assuming that this happens. This will incur millions of profit to FB's side but again, this would be a question of morality as they may face this issue.

[mitchr4]

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?

This would definitely be beneficial to Meta (Facebook) in terms of their revenue sharing.

Imagine, having the most popular social media website that promotes gambling and offers games on their hub. Not only do you advertise various gambling websites among billions of people but you basically have a guarantee of a spot assuming that this happens. This will incur millions of profit to FB's side but again, this would be a question of morality as they may face this issue.

It's really difficult if Meta offers gambling games because over time Meta will be called a gambling place and that can make people who are anti-gambling stay away from it. If it's a promotion place I think it's reasonable as long as they target the ad to users 18+.

[robelneo]

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?

Where do you get those rumors, is Facebook a business in a shakeup that will engage to something that they shun since launching their business, I don't think they are going to make a shift they are still the number social networking site, no competition, they are under criticism right now but that's not going to change how they do business and what they stand for, they can change the name, add some new features but becoming a gambling hub is unthinkable.

[Cling18]

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 a bad light.

It will surely attract players which could also fall into gambling addiction. That's too possible since there's a huge number of Meta of Facebook users. However, if it's part of their growing business then we should just be smart to get rid of it. We should personally know how to avoid gambling addiction and just focus on the important features of Facebook.

[YOSHIE]

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 have tried to explore the Facebook Metaverse idea, from one side it's good, if you look at one of the sources they say the following.

Meta, Facebook's new name is investing billions of dollars into a project that hopes to see the creation of an immersive virtual reality environment. This idea is known as the Metaverse. Later, with the Metaverse, people will be able to interact with the user and the artificial world around them.

On the other hand there is a bit of threat and worry about this new Facebook idea.
As explained below.

The metaverse also risks deepening existing issues such as data privacy issues and cyberbullying drastically.

Even more worrying, he argues that this technological development will blur the line between virtual and reality. Whoever becomes the ruler of this reality will have access to an unprecedented amount of data. That means: countless powers.

Honestly, for this idea, if I think there should be a more sophisticated security system and technology for the security of Metaverse users, otherwise the risks I have mentioned in the quote above, conclusion: not a good idea, for now, if not safe.

[fortunecrypto]

It's really difficult if Meta offers gambling games because over time Meta will be called a gambling place and that can make people who are anti-gambling stay away from it. If it's a promotion place I think it's reasonable as long as they target the ad to users 18+.

The majority of Facebook users are not into gambling and the Facebook brand caters to everybody, they can create their own betting site but it should not be integrated on Facebook, they don't need a betting site they are already on top of their games and they just have to upgrade Facebook but I don't think gambling is the new trend, they have defined social networking I don't think they should change that.

[Fortify]

It will be the same as other VR games out there, I feel like the only difference is that this one is backed by a big tech companies. To be honest, I think that this is a useless one since we have VR chat already so why not capitalize on the existing technology and innovate there or even create your projects there. Also, I feel like gambling is going to be one of their main interests since Facebook doesn't support that in their platform then I don't think that in their Metaverse will it be any different.

It's basically going to end up looking like a grand theft auto type world - where people go crazy and get to pretend they are living like a billionaire, flying round in executive jets or driving their Bugatti's. We already saw something similar with that virtual world called Second Life and the dozen other iterations before it. The concept is far from new, but Zuckerberg has a lot more money to throw at it (seems like a rather wasteful project) and the ego that will force it to be created. I'm guessing he considers his legacy tarnished now with all the bad press around Facebook, so he wants to branch out into this new idea and simulate a virtual world instead.

[l3pox]

I don't like this idea of Metaverse very much. It looks like a rebranded centralized internet owned by Zuckerberg.
Can't we just be glad by having an open source internet where a plenty of gambling platforms already exist offering high quality services to their customers?

have you read Snow Crash or watched Ready Player One?
some people talk about the idea of building an open metaverse BEFORE Zuck does it, which is challenging

I believe we'll see some degree of interoperability in the future between different metaverses and the facebook one will be just one of many
then people will be able to choose.

[xSkylarx]

It's really difficult if Meta offers gambling games because over time Meta will be called a gambling place and that can make people who are anti-gambling stay away from it. If it's a promotion place I think it's reasonable as long as they target the ad to users 18+.

The majority of Facebook users are not into gambling and the Facebook brand caters to everybody, they can create their own betting site but it should not be integrated on Facebook, they don't need a betting site they are already on top of their games and they just have to upgrade Facebook but I don't think gambling is the new trend, they have defined social networking I don't think they should change that.

This have a point.  It is the same with gambling that is gambling alone it is like you want to integrate a social media in your gambling site ? Then probably i would say its a no since the real purpose is for gambling, though facebook is huge now but their main goal is for Social not for gambling , i think there would be a part or section on which gambling could integrated but still they dont focus on that. Facebook was made to connect people, not to bet in gambling