What will be the next big industry move?

[TimeTeller]

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

Without a doubt this is a challenge that governments all over the world are facing, before the apparition of bitcoin it seemed we were going to eventually reach a point in which the centralization of power will be nothing more but a given and people will just have to accept it, however now decentralization is slowly countering that tendency and this is something that governments despise, as all their efforts over the last decades are crumbling before their eyes.

And this will give the reason for some governments to strictly ban online gambling in their juriscdictions.
If they can't get a hold or at least get a share from these online casinos, we may be seeing a crackdown depending on the laws of the government.
Because the reason why offline or traditional casinos are legally existing is because they are getting taxed by the government.
Now, if the decentralization is next thing to online gambling, how can they tax these casinos or at least monitor their constituents regarding their gambling activities?

[dunfida]

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

Without a doubt this is a challenge that governments all over the world are facing, before the apparition of bitcoin it seemed we were going to eventually reach a point in which the centralization of power will be nothing more but a given and people will just have to accept it, however now decentralization is slowly countering that tendency and this is something that governments despise, as all their efforts over the last decades are crumbling before their eyes.

Not actually crumbling because no matter how decentralization(crypto) would able to make it big but doesnt mean that it would really wipe them out on their existence.Of course government wouldnt really let

that thing to happen thats why i dont really push that too far on minding about getting replaced or been patched up as long theyre existing.They would both co-exist and it is just good that people

on the society would really be having at least some option on which things they would tend to dealt off and as for speaking for industry move then everything could happen but of course it
would be affected with some factors as well.

[rhomelmabini]

The emergence of the blockchain has made it easier for another new phase of gambling to spur out of nowhere making it too easy for one to play a bet without using the normal paper money. Crypto bet is now everyone corners of the internet making it too easy to enter into the gambling world if only you have cryptocurrency in your wallet. Very soon gambling will be based on different aspect and field.

But there's always hindrance/s like how to setup a wallet and this gas fees things especially in the Ethereum chain or even in Bitcoin. Other people aren't that tech savvy and for some reason there should be guidance to take as always. I think gambling has already enter on different fields and it's just a matter of time if they can be a thing in the Metaverse field too since this one is somewhat the trend right now or in the years to come.

[Wexnident]

But there's always hindrance/s like how to setup a wallet and this gas fees things especially in the Ethereum chain or even in Bitcoin. Other people aren't that tech savvy and for some reason there should be guidance to take as always. I think gambling has already enter on different fields and it's just a matter of time if they can be a thing in the Metaverse field too since this one is somewhat the trend right now or in the years to come.

Well in the first place if you were trying out crypto gambling, you'd know how to set up those no? It's one of the most important requirements, it's like setting up your bank accounts prior to registering to an online casino (non-crypto one) than with just a click, automatically connects or withdraws funds from it. It's simply the fault of the user, and not of the system since honestly, the system has done all it can as a system, nothing more, nothing less.

Not actually crumbling because no matter how decentralization(crypto) would able to make it big but doesnt mean that it would really wipe them out on their existence.Of course government wouldnt really let

that thing to happen thats why i dont really push that too far on minding about getting replaced or been patched up as long theyre existing.They would both co-exist and it is just good that people

on the society would really be having at least some option on which things they would tend to dealt off and as for speaking for industry move then everything could happen but of course it
would be affected with some factors as well.

Even crypto casinos have their own KYC's, so it isn't going anywhere, trust me. I really doubt casinos would be allowed to roam free without the management of the government.

[Jawhead999]

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

I don't think it's completely decentralized, it's only for token run on ETH and BSC chain you can gamble in your wallet... while you don't need to made any deposit to the casino (that make you think it's decentralized), the chain itself is centralized especially BSC. Also I don't see any web 3.0 casino offer you play using Bitcoin without made any deposit to the casino.

So since it's still centralized, there's no change with the KYC requirements and regulating the casino.

[FanEagle]

Gambling as bigger industry in the world because the gambler come from not only as individual but also Many politicians use gambling sites as a place for money laundering, this has happened in my country when corruptors were arrested, almost hundreds of billions of assets were stored in Singapore casinos, of course this made a policy for corrupt politicians to launder money through gambling sites so that a lot of money circulated in casinos and became a very large industry.

Do you mean that more politicians and terrorists will start using casinos for money laundering purposes? But, I guess that would not be the gambling industry's next big move as that may not help them to evolve but definitely ruin their business model. Basically, not all casino will do such illegal activities which put their reputation in line. Moreover, this type of illegal things must be happening in casinos for years.

In my opinion, the next big thing that casinos may adopt to keep attracting gamblers could be more adrenaline inducing games which will psychologically control our mind and body. So, addictions and metal stress are few negative consequences of such type of improvements but casinos may not bother those.

[rhomelmabini]

But there's always hindrance/s like how to setup a wallet and this gas fees things especially in the Ethereum chain or even in Bitcoin. Other people aren't that tech savvy and for some reason there should be guidance to take as always. I think gambling has already enter on different fields and it's just a matter of time if they can be a thing in the Metaverse field too since this one is somewhat the trend right now or in the years to come.

Well in the first place if you were trying out crypto gambling, you'd know how to set up those no? It's one of the most important requirements, it's like setting up your bank accounts prior to registering to an online casino (non-crypto one) than with just a click, automatically connects or withdraws funds from it. It's simply the fault of the user, and not of the system since honestly, the system has done all it can as a system, nothing more, nothing less.

I guess you should know it in the first place but this is just a scenario where one may interested on it since they saw it on ads but most gambling doesn't even have FAQs or tutorial on how this is done, just an observation. My view was on the first timers who aren't tech savvy but wanted to try crypto gambling, of course, I've been there and I've done this myself but we can't deny the fact that there are still users that are confused on those things e.g. setting up a crypto wallet. Yeah, I get your point too.

[davis196]

The next big moves in the gambling industry would be towards the VR(virtual reality).
I don't know how this VR thing will improve the gambling experience.For some reason,Meta and VR technology is becoming the new big trend in the online world.I don't know why.
Decentralized gambling platforms are something that might not happen in the future,since the gambling industry is so heavily regulated by the governments.I guess that the authorities want casinos to stay centralized,because this way it's pretty clear who has the responsibility to run the business and who will be persecuted in case of scams and other sorts of crimes.
NFTs and play-to-earn games are another wave of "innovation" in the gambling industry,but I'm not sure about what percentage of these Play-to-Earn games are going to turn into actual scams in the future.

[pinggoki]

Probably the virtual space is the only answer to this, gambling doesn't necessarily have any improvement for a really long time so I don't see how they will be able to change things for the better especially if the system that they've created is already perfect for them. Maybe there's more that I can't think of or didn't even imagine that they're going to do but we know the industry and it's not going to fix what's not broken.

[tabas]

Probably the virtual space is the only answer to this, gambling doesn't necessarily have any improvement for a really long time so I don't see how they will be able to change things for the better especially if the system that they've created is already perfect for them. Maybe there's more that I can't think of or didn't even imagine that they're going to do but we know the industry and it's not going to fix what's not broken.

I disagree about not acknowledging the changes that have happened within the gambling industry. How long does that long time for you? Before it was only with fiat and a few games that were very common to everybody. Then, the crypto has come and the gambling industry has helped it make known to the world. And then, newer games have come for which become popular for each casino that has only a few games to offer to their customers, actually, there has been a lot of improvements for the past years. We really have no idea what's going to be the latest and new changes that's about to come but we're going to see it then in the near future.

[Ryker1]

Probably the virtual space is the only answer to this, gambling doesn't necessarily have any improvement for a really long time so I don't see how they will be able to change things for the better especially if the system that they've created is already perfect for them. Maybe there's more that I can't think of or didn't even imagine that they're going to do but we know the industry and it's not going to fix what's not broken.

I disagree about not acknowledging the changes that have happened within the gambling industry. How long does that long time for you? Before it was only with fiat and a few games that were very common to everybody. Then, the crypto has come and the gambling industry has helped it make known to the world. And then, newer games have come for which become popular for each casino that has only a few games to offer to their customers, actually, there has been a lot of improvements for the past years. We really have no idea what's going to be the latest and new changes that's about to come but we're going to see it then in the near future.

Well one thing that I am for sure, it is all about virtualization.
I am thinking of a gambling innovation something like to do gamble like a real using VR, of course using your avatar that connected through the internet seems like you are in an offline gambling casino. Technologies make things possible and they could be applicable to the casino and we know that the innovation in the gambling industry as of now has been grown. That is indeed true, we don't know what will happen in the future but for sure we will innovate the old stuff.

[xSkylarx]

Probably the virtual space is the only answer to this, gambling doesn't necessarily have any improvement for a really long time so I don't see how they will be able to change things for the better especially if the system that they've created is already perfect for them. Maybe there's more that I can't think of or didn't even imagine that they're going to do but we know the industry and it's not going to fix what's not broken.

Agree only the new games are created but innovation of old games is really difficult but integrating it to metaverse then it would be different but still the same game that we've played. I think this is the biggest moved of gambling industry since metaverse is getting known now. we could really see this in the next future how gambling is integrated to this .

[btc78]

Probably the virtual space is the only answer to this, gambling doesn't necessarily have any improvement for a really long time so I don't see how they will be able to change things for the better especially if the system that they've created is already perfect for them. Maybe there's more that I can't think of or didn't even imagine that they're going to do but we know the industry and it's not going to fix what's not broken.

In gambling there is no need for big changes because people will gamble no matter how old was that as long as it is available in their places and that is how gambling proven to be addicted and risky , people will do everything , find anything just to sustain their gambling habits no matter how it costs them.
I know this for a fact because i have been there before, i also have lost some friends and love ones because of how I Behave in the past.
I will always be the loser in this system if i did not changed my way.
So either there is a change or not? still gambling will continue to dominate all businesses in the world.

[traderethereum]

Probably the virtual space is the only answer to this, gambling doesn't necessarily have any improvement for a really long time so I don't see how they will be able to change things for the better especially if the system that they've created is already perfect for them. Maybe there's more that I can't think of or didn't even imagine that they're going to do but we know the industry and it's not going to fix what's not broken.

We never imagine how the virtual space can evolve to better because it is still under development and although some virtual space offers new differences, it still needs more things to have better our lives.
The improvement will continue no matter if we already have a better one because humans will always want to create or invent new things that can make it easier for our lives.
It will grow fast once the technology is ready and maybe this year will be good to launch that since we are still at our home and can not go to a public area with ease.
So we need to have more patience to wait while we can use the existing technology to enjoy the moment.

[passwordnow]

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Accessible that there would be some requirement before a gambler can proceed and join that additional feature if it's on Metaverse. That's the talk of majority right now because there's the bigger that everyone sees with it. NFT hypes cannot last for long and that's why they just can't depend on it, the important thing with them is to cope up whatever is the likes of the customers for them to keep themselves on the trend just as what their customer wants them to see adopt.

Crypto and NFT in general have that in common, there is an intrinsic value in a cryptomarket and the projects that are being developed around crypto as well as commercial uses of technology and, alongside, there is a massive hype that sends the cost to astronomic proportions. Something like that is likely to happen with the metaverse real-state. My take is that the owners of the platform will use that trend to their own advantage, putting to auction lots of property and leading users to their preferred locations.

That's for sure as long as the hype is still there but one thing for sure is that it won't last long. As long as they can benefit and monetize from the hype, they should take the chance that they can especially in this industry of gambling, the trend here is different from the actual crypto market but it's one of the adaptable industries that will just have to do what it takes for them to remain on the line with the crypto market.

[Boristhecat]

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

Without a doubt this is a challenge that governments all over the world are facing, before the apparition of bitcoin it seemed we were going to eventually reach a point in which the centralization of power will be nothing more but a given and people will just have to accept it, however now decentralization is slowly countering that tendency and this is something that governments despise, as all their efforts over the last decades are crumbling before their eyes.

Unfortunately, they are trying to regulate even decentralized services, but as far as I understand, they succeed very poorly, since it is easy to “pressure” an organization, but it is difficult to “pressure” a large number of people. I can assume that the authorities will try to maintain their monopoly position by offering users competitive services (like CDBC instead of real cryptocurrencies), I hope most people don't fall for this trick.

[oHnK]

Unfortunately, they are trying to regulate even decentralized services, but as far as I understand, they succeed very poorly, since it is easy to “pressure” an organization, but it is difficult to “pressure” a large number of people. I can assume that the authorities will try to maintain their monopoly position by offering users competitive services (like CDBC instead of real cryptocurrencies), I hope most people don't fall for this trick.

CBDC was created because of the concerns of regulators with this decentralized system so that they created similar but not the same things to fulfill their interests.  The gambling business is inseparable from the very large number of transactions.  Tax objects gather in one place with the aim of spending it, when gambling businesses find it difficult to implement KYC due to the concept of decentralized crypto then they offer CBDCs to replace and kill other cryptos because they are natural competitors.

[madnessteat]

^

Governments of any country cannot fully regulate cryptocurrencies, so they try to create their own CBDCs. This will reduce the cost of processing payment data and increase the speed of transactions. A huge disadvantage of CBDCs can be considered the lack of decentralization, which means that at any time your funds can simply be blocked without your knowledge.

[SirLancelot]

as far as I understand, they succeed very poorly, since it is easy to “pressure” an organization, but it is difficult to “pressure” a large number of people.

Yeah, the next big progress of gambling industry might be coming out from governments' side in terms of regulations. As long as people are preferring to have fiats as one of their payment options then casinos will go for license related things which again lead to get approval from governments; when gamblers stick within cryptos for their gambling, then casinos will be able to operate without need of government's nod which will eliminate the possibilities of government's intervention into gambling industry.

[blockman]

CBDC was created because of the concerns of regulators with this decentralized system so that they created similar but not the same things to fulfill their interests.  The gambling business is inseparable from the very large number of transactions.  Tax objects gather in one place with the aim of spending it, when gambling businesses find it difficult to implement KYC due to the concept of decentralized crypto then they offer CBDCs to replace and kill other cryptos because they are natural competitors.

Not that going to kill the other cryptos. Accepting CBDC is just going to be another currency that they'll accept if their customers are comfortable of using it.
I don't see a reason why adopting it would kill the other supported and accepted cryptos for such casinos. It's better to have a lot of choices to become flexible and that's why I don't see it the reason for killing those currently accepted ones.