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

[ipanks]

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+.

But Meta can offer gambling on their site because gambling games can give more revenue for Meta and I do not think that Meta will let the chance to make more revenue. But if Meta really uses gambling as their other way to make money, they need to think about their members who do not like gambling because they will face a demo among their members. We know that gambling can give a bad impact on the user but that will depend on each people and even, the young generation is susceptible to playing gambling with their device.

[Wexnident]

But Meta can offer gambling on their site because gambling games can give more revenue for Meta and I do not think that Meta will let the chance to make more revenue. But if Meta really uses gambling as their other way to make money, they need to think about their members who do not like gambling because they will face a demo among their members. We know that gambling can give a bad impact on the user but that will depend on each people and even, the young generation is susceptible to playing gambling with their device.

The gambling part of Meta would naturally be supervised and restricted though? It wouldn't actually be odd for Meta to perform strict KYC procedures if they were going to implement it, especially if it was included with their facebook counterpart and not separated, since that would make it more susceptible to be visited by most people whether they be of legal age or not. It should rather be obvious for them really, since the social media Facebook is used by a wide majority of audience from all sorts of ages after all.

[molsewid]

The gambling part of Meta would naturally be supervised and restricted though? It wouldn't actually be odd for Meta to perform strict KYC procedures if they were going to implement it, especially if it was included with their facebook counterpart and not separated, since that would make it more susceptible to be visited by most people whether they be of legal age or not. It should rather be obvious for them really, since the social media Facebook is used by a wide majority of audience from all sorts of ages after all.

Most probably this certain feature of Meta if ever they would going to make it alive should be supervised and must be located in a very restricted area where KYC will surely going to restrict the age limitation because from the previous name of the company Facebook, majority of the users and audiences are from all sorts of ages which no one wanted to see I guess a young age involve in a betting site right. But I guess if Zuckerberg will going to make it one of the feature of Meta I think they must separate it because it is unnecessarily to include this kind of feature to the world known facebook feature.

[madnessteat]

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

[KTChampions]

The gambling part of Meta would naturally be supervised and restricted though? It wouldn't actually be odd for Meta to perform strict KYC procedures if they were going to implement it, especially if it was included with their facebook counterpart and not separated, since that would make it more susceptible to be visited by most people whether they be of legal age or not. It should rather be obvious for them really, since the social media Facebook is used by a wide majority of audience from all sorts of ages after all.

I read a study that suggests the opposite: the majority of Facebook users are middle-aged and older people, the younger the sample, the smaller the percentage of it uses Facebook. Personally, I think this network is dying - what's the point in this garbage dump (with insane censorship) now, except to log in through it in some game? Probably the owners are well aware of this and therefore started a rebranding.

[coin-investor]

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?

It's just speculation I don't think Facebook will reinvent itself that way, it's a big turnaround, they are known to be user friendly and they are accepted from all walks of like regardless of their belief, I don't think it will become some sort of a betting site, they are good as a social site they should remain to be a social networking site because they serve everybody not only gamers.

[Peanutswar]

I guess they will still make restrictions with their platform because they have their own policy and rules must need to follow but I guess with this kind of thing its good to have gambling too looks like we have a virtual world of gambling that you are having a VR with your friends or another competitor on the table and taking a bet of cards seeing their reactions this looks like give different impact on the metaverse, hoping they add this but still with some restrictions and it depends on the user's agreement.

[Smartprofit]

I guess they will still make restrictions with their platform because they have their own policy and rules must need to follow but I guess with this kind of thing its good to have gambling too looks like we have a virtual world of gambling that you are having a VR with your friends or another competitor on the table and taking a bet of cards seeing their reactions this looks like give different impact on the metaverse, hoping they add this but still with some restrictions and it depends on the user's agreement.

Gambling is a very ancient human activity.  They were known as far back as Ancient Egypt. 

Such a thing has antifragility according to the theory of Nassim Taleb.  There will also be gambling in the virtual universe (metaverse).  Otherwise it can not be.  Anti-fragile things don't die. 

They are reborn again and again in new conditions.  Passion and excitement are very important to people. 

Here is an example of the Internet.  With the development of the Internet, online casinos appeared. 

With the rise of the Metaverse, virtual reality casinos will emerge.

[mindrust]

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?

Big if true. If facebook comes with its own built in casino, that would be very bad news for the other online casinos. Why risk you money with other casinos when there is a government sponsored available?

But I am not sure if it is going to happen because online gambling is a very touch subject in the US and they probably won't allow that kind of stuff on meta.

[milewilda]

I guess they will still make restrictions with their platform because they have their own policy and rules must need to follow but I guess with this kind of thing its good to have gambling too looks like we have a virtual world of gambling that you are having a VR with your friends or another competitor on the table and taking a bet of cards seeing their reactions this looks like give different impact on the metaverse, hoping they add this but still with some restrictions and it depends on the user's agreement.

There should really be restrictions because if you do look on what are the ages of people who do access out and visit the platform then it would really be on various ages which would really be that give out
some effect to those users specially minors which it is really just good that they would really be putting up those restrictions for that purpose and wont really lose out in terms of that because
they should really look upon on what possible things or been affected which i do believe that they would still be setting out restrictions.

[worldofcoins]

Why not?
There are already games on Facebook or used to (haven't checked since 1 yr) that accept BTC and allow its users to place bets on the game.
Even if Facebook doesn't accept gambling now then it will at some point. Metaverse isn't going to be regulated by the government in the beginning.

[uneng]

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.

I've never heard of these before, but just searched about Snow Crash after reading your post. Zuckerberg is clearly being inspired by old science fiction novels in an attempt to increase his influence and control in the world. Probably you are right and there is going to be many metaverses versions competing among themselves for domination and supremacy. However I think it's going to take long years yet until we have access to a decent metaverse like the ones we see at some action movies, because our currently technology and internet quality aren't enough to offer this kind of experience to users yet.

When this day comes, I still worry because people will exchange their physical, real experiences for virtual, mental experiences exclusively through avatars (a third party body in other words). That means people won't live for real anymore. Even though the called metaverse becomes extremely complex, for me it will be a "The Sims" game anyway.

[aioc]

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

Until they made an official announcement, it's still rumors and hearsay, if this is a new trend and there's a huge market for this, then Meta or Facebook will have an interest in this, right now what will only have now is Facebook is betting big in virtual experiences if coming up with a betting game is part of that, we still don't know if they are going to integrate it, all I know is they moving into the future and want to be one of the innovators.

[btc78]

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

Until they made an official announcement, it's still rumors and hearsay, if this is a new trend and there's a huge market for this, then Meta or Facebook will have an interest in this, right now what will only have now is Facebook is betting big in virtual experiences if coming up with a betting game is part of that, we still don't know if they are going to integrate it, all I know is they moving into the future and want to be one of the innovators.

Yes this sounds like a marketing strategy to me, Facebook is making noises here and there for the adoption of their new name Metaverse in which need to gather more knowledge from their users around the world.
Facebook has being flood by anything from with sense to nonsense , now that Political advertising is also indeed being used their platform so this is for advertising purposes clearly.

[ipanks]

But Meta can offer gambling on their site because gambling games can give more revenue for Meta and I do not think that Meta will let the chance to make more revenue. But if Meta really uses gambling as their other way to make money, they need to think about their members who do not like gambling because they will face a demo among their members. We know that gambling can give a bad impact on the user but that will depend on each people and even, the young generation is susceptible to playing gambling with their device.

The gambling part of Meta would naturally be supervised and restricted though? It wouldn't actually be odd for Meta to perform strict KYC procedures if they were going to implement it, especially if it was included with their facebook counterpart and not separated, since that would make it more susceptible to be visited by most people whether they be of legal age or not. It should rather be obvious for them really, since the social media Facebook is used by a wide majority of audience from all sorts of ages after all.

It should be supervised and restricted for people under 18 because Facebook has many members who will be up and under 18 so Meta needs to have strict regulation among their members. When they can access Meta gambling games easily, that will matter for the user because they can become addicted someday. Maybe Meta can release another domain name under Meta with strict rules for the members so only people above 18-20 can access the site. Hopefully, it will bring more new cases of gambling addiction.

[KTChampions]

Big if true. If facebook comes with its own built in casino, that would be very bad news for the other online casinos. Why risk you money with other casinos when there is a government sponsored available?

But I am not sure if it is going to happen because online gambling is a very touch subject in the US and they probably won't allow that kind of stuff on meta.

If gambling is a completely separate project, what are the advantages over existing and reputable projects? This is unknown. If gambling is built into the Meta, then this will entail strict regulation for the entire Meta (even the ban of online access in some states), so I do not think that this will happen, since the losses from this will be greater than the profits.

[Oasisman]

Metaverse isn't going to be regulated by the government in the beginning.

Not regulated means, they have no proper declaration on their business model to get necessary permits and regulations. This could become a ground for a lawsuit in the future once Meta (Facebook) involves into gambling and not being regulated early because they have not declared the business model they're planning to add on their platform.

Nevertheless, allowing Metaverse gambling on their platform is a great experience for the gamblers and will probably going to be a trend.

[peter0425]

Big if true. If facebook comes with its own built in casino, that would be very bad news for the other online casinos. Why risk you money with other casinos when there is a government sponsored available?

But I am not sure if it is going to happen because online gambling is a very touch subject in the US and they probably won't allow that kind of stuff on meta.

If gambling is a completely separate project, what are the advantages over existing and reputable projects? This is unknown. If gambling is built into the Meta, then this will entail strict regulation for the entire Meta (even the ban of online access in some states), so I do not think that this will happen, since the losses from this will be greater than the profits.

Valuable answer , Yeah Metaverse(AKA Facebook) is a social Media in which offering games like card games or even slots but literally without Real funds in which only with their own tokens.
but if this will be labeled as gambling then restriction will be applied by the government in which i believe wont be the target of the team.
anyway this are all speculations and not unless there is a final decision from Meta this thread will run long time.

[blatchcorn]

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.

Already Facebook addiction is biggest concern of parents, as child's n young people are spending most of there time on Facebook n other social media sites.  Adding gambling to Facebook ecosystem will result in more gamblers of tender age, something not good for society but good to generate revenue. So meta or Facebook won't care for social aspect as its money making business.

[judeafante]

I have a positive attitude to the development of the metaverse, because it is a completely new trend which is inspired by new technologies. I don't know how quickly gambling will be integrated into the metaverse but it will happen anyway.

It seems to me that gambling will not be added to Meta right away because Mark Zuckerberg does not want to attract the attention of regulators.

Facebook is not known to be interested in anything related to gambling but if there's a huge demand in the market the board should approve it first and do a feasibility study first if this is something that will bring Facebook or Meta to new heights and if they are going to retain the support of their users, it's the majority of users of their platform that matters.