What will be the next big industry move?

[Congyang]

^

Well, why? For a person who pays all taxes and does not engage in anything illegal, the introduction of CBDC will give some advantage over fiat currency, but for people who are trying to get away from the control of the state it will be more of a negative innovation.  Unfortunately, ordinary people can not have any influence on the adoption of CBDC by their state.

I think this is the next step, which is designed to make the economy more transparent, and unfortunately, this transparency will affect ordinary citizens, but not the state itself, as the management will be carried out by it.

Actually, if you look at CBDC it is FIAT Currency which has been updated to the blockchain version in my opinion and talking about taxes, it doesn't really matter if it is fiat because CBDC is also only a transfer from FIAT to the blockchain where the system is still centralized and centralized.
On the other hand, as you said in this case, when there is a CBDC, of course, the government will benefit, but when they experience a problem, of course, the citizens will suffer the consequences and they will just let go of their responsibilities.

[Mahanton]

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.

the government will definitely try to intervene in whatever falls within their jurisdiction especially fiat or crypto based gambling businesses located within their country. It's true that regulation from the government might be the next big step for the gambling business, especially since the government likes tax money from businesses that make a lot of money.

Each country does have their own jurisdiction and rules when it comes into their government which means whatever things that would possibly be integrated then it would really be ending up always with some approval or permission for it to be possibly to be applied.We are heading towards development and changes which it wont really be surprising that there would be
adoption or rejection but I agree on what you had said that government does really like taxes and revenue which they are always been aiming off
in the first place.

[madnessteat]

Actually, if you look at CBDC it is FIAT Currency which has been updated to the blockchain version in my opinion and talking about taxes, it doesn't really matter if it is fiat because CBDC is also only a transfer from FIAT to the blockchain where the system is still centralized and centralized.
On the other hand, as you said in this case, when there is a CBDC, of course, the government will benefit, but when they experience a problem, of course, the citizens will suffer the consequences and they will just let go of their responsibilities.

If a person knows how to use cryptocurrencies, he will not be interested in using CBDC because he understands that the risks of holding funds in the CBDC is much higher than when storing funds in volatile cryptocurrencies. Therefore, most likely, the use of CBDC will be compulsory and deprive organizations and people to conduct shady activities tax-free. Many governments are moving to get rid of cash that facilitates such activities.

[Congyang]

Actually, if you look at CBDC it is FIAT Currency which has been updated to the blockchain version in my opinion and talking about taxes, it doesn't really matter if it is fiat because CBDC is also only a transfer from FIAT to the blockchain where the system is still centralized and centralized.
On the other hand, as you said in this case, when there is a CBDC, of course, the government will benefit, but when they experience a problem, of course, the citizens will suffer the consequences and they will just let go of their responsibilities.

If a person knows how to use cryptocurrencies, he will not be interested in using CBDC because he understands that the risks of holding funds in the CBDC is much higher than when storing funds in volatile cryptocurrencies. Therefore, most likely, the use of CBDC will be compulsory and deprive organizations and people to conduct shady activities tax-free. Many governments are moving to get rid of cash that facilitates such activities.

as long as there are no rules that oblige to buy CBDC, it seems that coins like this will only be decoration I think because as you said the risk is quite high compared to storing funds in volatile cryptocurrencies.
Of course from here it can also be seen because Crypto's advantages are still very far compared to CBDC. and things like this will not be very successful if the government still makes policies like this in the end they will still be the last choice

[blockman]

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.

It's better to have a lot of choices but unfortunately it's not always possible especially with platforms who are forced to apply identity verification for its customers. Also it's a better option than supporting local currencies then convert it to pairs accepted by the platforms to place bets.
The negative side is that it's a centralized currency and can be frozen at anytime whether by its creators or by the platform itself .

Yes, that's the cons of it. They can freeze the funds at any time that they wishes because they've done it as a centralized stable coins. That's what CBDCs are.
The good thing is that just as another additional choice because we all make choices and even it's not that good for the view of many. Some of us are thinking that they're cool and good to use.
And that's why if ever there's a casino that would accept it, for sure there will be as it could be an advantage for them, then that's going to give them vast choices for stable coins.

[Rengga Jati]

as long as there are no rules that oblige to buy CBDC, it seems that coins like this will only be decoration I think because as you said the risk is quite high compared to storing funds in volatile cryptocurrencies.

So far, we are still confused with the exact mechanism of CBDC by each country. And we even still don't really know whether the CBDC will be approximately required to be used in certain activities. or will it be available to be used as one of the methods of gambling payment?
Let's see what will be going on later.

[TinaK]

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.

the government will definitely try to intervene in whatever falls within their jurisdiction especially fiat or crypto based gambling businesses located within their country. It's true that regulation from the government might be the next big step for the gambling business, especially since the government likes tax money from businesses that make a lot of money.

That is possible to happen as we can see that most industries that have to generate a big profit can be eligible to pay taxes and that taxes could be the source of the economy to boost the growth on it. So implementing tax and in order for the gambler to pay this, KYC is a must.
However, there are a lot of innovations aside from this and I agree with the metaverse that could be upgraded more also there are a lot of games that should developer paid attention to develop, from the traditional to the VR world could be possible.

[darewaller]

So far, we are still confused with the exact mechanism of CBDC by each country. And we even still don't really know whether the CBDC will be approximately required to be used in certain activities. or will it be available to be used as one of the methods of gambling payment?

No confusion regarding this. As all CBDCs are nothing but digital fiats hence no separate policy just for the reason of digital format. If your country is not banning gambling then you can make use of CBDC for gambling purposes. Simple. Moreover, compared to paper money, governments will easily track the flow of money in CBDC hence I am sure you will have same regulation even in the countries which are having threats of money laundering or terrorism funding.

Making use of CBDCs for gambling industry may not be a significant move as  this may not bring any chances even in userbase as per my perspective.

[michellee]

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.

the government will definitely try to intervene in whatever falls within their jurisdiction especially fiat or crypto based gambling businesses located within their country. It's true that regulation from the government might be the next big step for the gambling business, especially since the government likes tax money from businesses that make a lot of money.

That is possible to happen as we can see that most industries that have to generate a big profit can be eligible to pay taxes and that taxes could be the source of the economy to boost the growth on it. So implementing tax and in order for the gambler to pay this, KYC is a must.
However, there are a lot of innovations aside from this and I agree with the metaverse that could be upgraded more also there are a lot of games that should developer paid attention to develop, from the traditional to the VR world could be possible.

But the government can not do anything if the casino is out of their country as they will not get anything. So the government can not pressure the casino to follow their regulations because it will be far away from the country and the casino can earn much money without paying a tax. The government can only get the tax from the casino with a license but is not out of their country.

But we know how strong the government can do many things to benefit from something that the government thinks they can get. I agree that the government will intervene in every business to get more income. But the gambling industry will still grow more in the future with or without following the government regulations as we know that many underground casinos that the government hard to detect.

[l3pox]

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.

Web 3.0 sphere.  may also be subject to regulatory restrictions. 

Creators of Web 3.0.  they are living people.  They may be fined.  They can be repressed.  They can be put in jail.  web 3.0.  it is a direct competitor to the modern financial system.  Currently, online casinos can plan to work in web 3.0.  without KYC, AML, etc.  However, this may not be possible in the future. 

Perhaps there will be an anonymous and confidential web 3.0.  based on Monero and Tari.  There will be no KYC and AML.

this will happen both ways and we'll also have bridges between both worlds.

I don't know Tari but remember that there are also obfuscation tools for transactions on many other networks, even the big ones like BTC and ETH

[delfastTions]

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.

Now it is completely unclear how things will be with identity verification when using the web 3.0 metaverses.  
On the one hand, the governments of all countries will certainly want taxes to be paid on income.  And they will create appropriate regulatory requirements.  But even now, approaches to regulation, for example, just cryptocurrencies are so different, for example, in a number of countries it is prohibited, and in El Salvador it is allowed and encouraged by the government and the president.  Due to such different approaches in the world, it may not be possible at all to make regulation at the global level.  And then each country will be interested in making concessions and having more cryptocurrency both in the pockets of residents and in the treasury of this state.  This is where there will be a global discord, whoever is first is the winner.
  And in the gambling industry, the picture is also the same motley and unpredictable.

[Smartprofit]

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.

Web 3.0 sphere.  may also be subject to regulatory restrictions.  

Creators of Web 3.0.  they are living people.  They may be fined.  They can be repressed.  They can be put in jail.  web 3.0.  it is a direct competitor to the modern financial system.  Currently, online casinos can plan to work in web 3.0.  without KYC, AML, etc.  However, this may not be possible in the future.  

Perhaps there will be an anonymous and confidential web 3.0.  based on Monero and Tari.  There will be no KYC and AML.

Will Tari even be launched?  Lol.  It has been like 5 years since it was first announced.  It sounded refreshing when they said they weren’t doing a public funding round through an ICO.  This was during a time when ICO’s were usually scammy, even the legit projects were scammy because the tokenomics were bad and primed the team and the private investors for selling down and leave the community holding the bag.

Anyway some suggestions in the thread look too ‘out there’.  I don’t think the books and the casinos will dabble in DeFi or NFTs.  They already have enough on their plate as far as dealing with the law goes.  Lol.  But what they could do is branch out to fantasy sports which I think is just a natural progression.  It’s not really a big move but sports betting sites and other gambling sites aren’t really going for more ‘cutting edge’ stuff to be more competitive.

Investing in Tari is a DeFi short.  Currently, DeFi is not subject to heavy government regulation.  However, the situation may change. 

Currently, Monero and Tari are underground.  Tari does not have a mainnet, only a testnet.  Miners mine the testnet.  A mobile wallet has also been developed. 

In the DeFi ban situation, Tari will get the green light to develop.  Including online casino based on Tari.  Now is not the time yet. 

We are currently seeing the rise of crypto, not its decline.  But the situation may change with the introduction of CBDC.

[Congyang]

as long as there are no rules that oblige to buy CBDC, it seems that coins like this will only be decoration I think because as you said the risk is quite high compared to storing funds in volatile cryptocurrencies.

So far, we are still confused with the exact mechanism of CBDC by each country. And we even still don't really know whether the CBDC will be approximately required to be used in certain activities. or will it be available to be used as one of the methods of gambling payment?
Let's see what will be going on later.

no need to be confused about it.
whatever they do, isn't it clear that the goal is to upgrade fiat to a more modern one and in short, this is the digital version of fiat.
nothing more than that.
to say about them to gambling it is possible but on the other hand we also have to see how the adoption of them. I think there will be a lot of people who won't be too interested in this even though it certainly exists but it's only a small part

[KTChampions]

But the government can not do anything if the casino is out of their country as they will not get anything. So the government can not pressure the casino to follow their regulations because it will be far away from the country and the casino can earn much money without paying a tax. The government can only get the tax from the casino with a license but is not out of their country.

But we know how strong the government can do many things to benefit from something that the government thinks they can get. I agree that the government will intervene in every business to get more income. But the gambling industry will still grow more in the future with or without following the government regulations as we know that many underground casinos that the government hard to detect.

This is not true. For example, in my country, casinos and bookmakers that do not receive an internal license are simply banned at the provider level. Of course, there are people who can bypass bans through VPN, but you understand that the drop in traffic for such casinos is very large, since the percentage of "naughty" people who are ready to try to get access is too small. Therefore, restrictions work well even for foreign sites.

[Silberman]

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.

Not only that, it has brought some level of anonymity to an industry that had none previously, now this may not seem like a big deal but it is, there are many countries in which gambling is seen with very bad eyes and it is illegal as well, so if there was anything that indicated in your financial record that you were gambling, even if it was just for fun, you could get in trouble, but thanks to bitcoin this is not as much of an issue as before and we must be thankful for that.

[delfastTions]

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.

Not only that, it has brought some level of anonymity to an industry that had none previously, now this may not seem like a big deal but it is, there are many countries in which gambling is seen with very bad eyes and it is illegal as well, so if there was anything that indicated in your financial record that you were gambling, even if it was just for fun, you could get in trouble, but thanks to bitcoin this is not as much of an issue as before and we must be thankful for that.

These words of yours once again confirm my statement about the importance of maintaining the anonymity of the player and the person in general in certain justified cases.  Unfortunately, the constant introduction of KYC procedures or similar violates the ability to gamble anonymously.  And initially, indeed, blockchain technology allowed and still allows doing this, if it were not for these requirements of various regulators.  Now there are so many ways to identify a person that anonymity is out of the question.  And if this is connected with criminal activity, then it is clear that this is justified.  But if a person has no criminal intent, he just wants to remain anonymous, then in general it is his right.  And this should be respected, and not demanded of him - let's admit who you are.!!!

[uneng]

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.

Not only that, it has brought some level of anonymity to an industry that had none previously, now this may not seem like a big deal but it is, there are many countries in which gambling is seen with very bad eyes and it is illegal as well, so if there was anything that indicated in your financial record that you were gambling, even if it was just for fun, you could get in trouble, but thanks to bitcoin this is not as much of an issue as before and we must be thankful for that.

Anonymity and accessibility brought by bitcoin and altcoins to gambling industry helped many newbies to get introduced to virtual casinos for the first time, what would be nearly impossible through traditional methods (fiat casinos), since they are banned and inaccessible in a considerable number of countries around the world. The possibility of playing with tiny amounts of money in crypto casinos also contributed to make them popular among a public who doesn't have a lot of money to risk, but who still wants to bet, have fun and potentially grow their funds like every gambler else.

[Fatunad]

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.

Not only that, it has brought some level of anonymity to an industry that had none previously, now this may not seem like a big deal but it is, there are many countries in which gambling is seen with very bad eyes and it is illegal as well, so if there was anything that indicated in your financial record that you were gambling, even if it was just for fun, you could get in trouble, but thanks to bitcoin this is not as much of an issue as before and we must be thankful for that.

Anonymity and accessibility brought by bitcoin and altcoins to gambling industry helped many newbies to get introduced to virtual casinos for the first time, what would be nearly impossible through traditional methods (fiat casinos), since they are banned and inaccessible in a considerable number of countries around the world. The possibility of playing with tiny amounts of money in crypto casinos also contributed to make them popular among a public who doesn't have a lot of money to risk, but who still wants to bet, have fun and potentially grow their funds like every gambler else.

It did really make out that significant change and open up an opportunity for people to deal off with some services and things which they cant do in the past since they do value much of their identity or tend to be
anonymous most of the time thats why when crypto had existed then it did really open that kind of  chance or opportunity which it did really get out significant support and recognition.
We wont know on what comes next when it comes to trend and new innovation ahead but much pretty sure that we would really be heading towards development
which do make things even more better.

[michellee]

But the government can not do anything if the casino is out of their country as they will not get anything. So the government can not pressure the casino to follow their regulations because it will be far away from the country and the casino can earn much money without paying a tax. The government can only get the tax from the casino with a license but is not out of their country.

But we know how strong the government can do many things to benefit from something that the government thinks they can get. I agree that the government will intervene in every business to get more income. But the gambling industry will still grow more in the future with or without following the government regulations as we know that many underground casinos that the government hard to detect.

This is not true. For example, in my country, casinos and bookmakers that do not receive an internal license are simply banned at the provider level. Of course, there are people who can bypass bans through VPN, but you understand that the drop in traffic for such casinos is very large, since the percentage of "naughty" people who are ready to try to get access is too small. Therefore, restrictions work well even for foreign sites.

Maybe that is not true but I think the other casinos and bookmakers will pass that banned without a problem as we know they can use a back way to give access to people. The casino can still operate in your country, especially if they move their site through the other hosting without jurisdiction with your government. The banned will not work for the other country but it can work only in your country. But we also know that people can activate their VPN to access gambling sites so that will not be a problem for people who still want to play gambling.

[Reatim]

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.

Not only that, it has brought some level of anonymity to an industry that had none previously, now this may not seem like a big deal but it is, there are many countries in which gambling is seen with very bad eyes and it is illegal as well, so if there was anything that indicated in your financial record that you were gambling, even if it was just for fun, you could get in trouble, but thanks to bitcoin this is not as much of an issue as before and we must be thankful for that.

Anonymity and accessibility brought by bitcoin and altcoins to gambling industry helped many newbies to get introduced to virtual casinos for the first time, what would be nearly impossible through traditional methods (fiat casinos), since they are banned and inaccessible in a considerable number of countries around the world. The possibility of playing with tiny amounts of money in crypto casinos also contributed to make them popular among a public who doesn't have a lot of money to risk, but who still wants to bet, have fun and potentially grow their funds like every gambler else.

It did really make out that significant change and open up an opportunity for people to deal off with some services and things which they cant do in the past since they do value much of their identity or tend to be
anonymous most of the time thats why when crypto had existed then it did really open that kind of  chance or opportunity which it did really get out significant support and recognition.
We wont know on what comes next when it comes to trend and new innovation ahead but much pretty sure that we would really be heading towards development
which do make things even more better.

I think the new trend now are the Virtual Reality option from other casino and the gadget is indeed cool though expensive for small time gambler.

and also the NFT gaming will soon enter the gambling industry and surely many gamblers for crypto industy will make a difference .

maybe not now but at least there are chances soon.