[Discussion] Should Gambling be Banned?

[rahmad2nd]

It might look funny, but it striked in my mind. Why don't we have a gambling insurance. This means a premium to be spend every month. Through this one can be availed with two claims per year. Here the user needs to list the sites he use. When the person goes for claim, the data regarding the loss will be collected by the insurance company and provides with the insurance amount. Many won't like this, because of the privacy issues.

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

well your answer is correct. IMO, no company is interested in opening insurance services for gambling.
There are many differences between insurance and gambling, the easiest of which are premiums for insurance, and bets for gambling.

I think there are many differences this will collide with each other because in the concept of insurance the essence will be different from gambling, goals, expectations, events, economic impact, psychological impact, social impact, so, the points I say will be contradictory in many ways.

That's why I agree with you that there will be no company that provides services for gambling insurance.
regardless of privacy or the insurance company itself. I do not agree that gambling is prohibited.

[1714834889]

1714834889

[KTChampions]

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

  I do not think that this is a bad business, rather there is no demand for it. For example, I am ready to insure anyone against gambling (and make an insurance payment much more often than twice a year), but it is unlikely that anyone will buy insurance from me, because I will not sell it to my own detriment, right? The business must be profitable, so I am ready to insure anyone for any amount, but the cost of insurance will be equal to the cost of the insured bet + 10%. That is, if you want to insure $100, then I am ready to do it for $110. It is unlikely that there will be many who want to buy such insurance 

[Beparanf]

It might look funny, but it striked in my mind. Why don't we have a gambling insurance. This means a premium to be spend every month. Through this one can be availed with two claims per year. Here the user needs to list the sites he use. When the person goes for claim, the data regarding the loss will be collected by the insurance company and provides with the insurance amount. Many won't like this, because of the privacy issues.

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

well your answer is correct. IMO, no company is interested in opening insurance services for gambling.
There are many differences between insurance and gambling, the easiest of which are premiums for insurance, and bets for gambling.

I think there are many differences this will collide with each other because in the concept of insurance the essence will be different from gambling, goals, expectations, events, economic impact, psychological impact, social impact, so, the points I say will be contradictory in many ways.

That's why I agree with you that there will be no company that provides services for gambling insurance.
regardless of privacy or the insurance company itself. I do not agree that gambling is prohibited.

Your explanation makes things complicated. The only reason why gambling can't be applied on insurance is because of high risk involved. An insurance is only applicable on unforeseeable scenario such as accidents while losing in gambling can happened in purposed.

Rakeback and Cashback is more realistic insurance rather than the traditional that offers premium for gambling losses.

[Mahanton]

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

  I do not think that this is a bad business, rather there is no demand for it. For example, I am ready to insure anyone against gambling (and make an insurance payment much more often than twice a year), but it is unlikely that anyone will buy insurance from me, because I will not sell it to my own detriment, right? The business must be profitable, so I am ready to insure anyone for any amount, but the cost of insurance will be equal to the cost of the insured bet + 10%. That is, if you want to insure $100, then I am ready to do it for $110. It is unlikely that there will be many who want to buy such insurance 

Insurance companies are businesses and there's no dumb company would definitely be offering these things to a gambler which they do know that it would be no sense on having one.
On the thing you had mentioned then i could say its a pretty clever thing but for sure it wont really be that appealing on someone to take that insurance basing on the amount
that had been mentioned. Insurance and gambling couldnt go nor intertwine with each other because it is really just having no sense at all.
But if someone could really deal up with that then we might see these things in the future but it is unlikely imho.

[og kush420]

Insurance companies are businesses and there's no dumb company would definitely be offering these things to a gambler which they do know that it would be no sense on having one.
On the thing you had mentioned then i could say its a pretty clever thing but for sure it wont really be that appealing on someone to take that insurance basing on the amount
that had been mentioned. Insurance and gambling couldnt go nor intertwine with each other because it is really just having no sense at all.
But if someone could really deal up with that then we might see these things in the future but it is unlikely imho.

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.
However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

[Agbe]

I may say this an rhetorical question. Because gambling itself, it has old as man himself. so banning gambling means banning man's life. Gambling means different thing to different people, to some people gambling means, wayward life, a cultist or a person that has no good future.  Then to some, gambling is a game (hunting) thing around. Then the last group of people take gambling for fun, enjoyment and leisure to pleasure. But for me gambling is to while time in the time boring and the lonely period of the day. Therefore, to answer your topical question, gambling can not be banned because banning gambling will hurt everyone in the world. Everyone in the world play one game or the other to keep body and soul alive. Be a Christian, Muslim or a Pagan. Gambling also generate revenue (income) for the state government base on the tax paid by the casino companies in at the location to improve the gdp of the economy. It also employ workers that were duped by the government.

[blockman]

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

Because there is online gambling and there are many ways to avoid that restriction that they do even online. Users can bypass that restriction by using VPN and as long as the online casino, crypto or fiat allows that per user then they can easily gamble back and forth, at any time that they wish to do.

[Erdogan]

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

Because there is online gambling and there are many ways to avoid that restriction that they do even online. Users can bypass that restriction by using VPN and as long as the online casino, crypto or fiat allows that per user then they can easily gamble back and forth, at any time that they wish to do.

The truth is that anyone can say that, but when someone starts playing things really change. I don't mean you react on the basis of losing. However, it is very important. I mean, you come to the casino with a desire to win, and that's a mistake.

[harizen]

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

I think the figure of speech used was just too much but at some point, that's a fact for a country where the gambling industry is big.

A good example is Macau were around 80% of the revenue came from gambling. If that industry crashes, the country will be doomed as other industries there are not performing well to support the whole operation of that place.

But if the user means literally that gambling is "life support" for everyone, then that's wrong.

[South Park]

There are many branches of economy that are hard to regulate yet countries don't ban them. A good example is cryptocurrency. Less than 5% of countries banned it. It's the same with gambling. It's allowed in most countries and it's not because their governments aren't caring. They're rather not authoritarian regimes but countries that allow for more freedom.

How many gambling addicts are there compared to normal gamblers? 10%? A country that bans something for the minority is not democratic.

Not only that we know that banning something is incredibly difficult as long as there is demand for it, a great deal of people can gamble responsibly, so if gambling was banned the first thing that will come to their minds is that such a law is unjust and if they want to gamble they will have no problem playing at an illegal casino or gambling online avoiding any kind of restriction imposed by their ISP, so not only government will lose the taxes they get from gambling they will also have to prosecute people that just wanted to have some fun, creating a lot of ill will with their citizens.

[yazher]

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.
However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

In those countries, they saw the harm of gambling and decided to completely banned it to make sure they will lower the risk of their people's depression because as we already know, there are lots of people who lost compared to winning when it comes to gambling. But some people are just hard-headed and pursue their high-risk hobbies even though their governments forbid them from doing so. When they messed up themselves, they don't have anyone to blame but their own desire, and their government are free of what they have done with their life.

[rahmad2nd]

Apart from the dangers of gambling, there are main causes that make the ban included in the law. the main factor is contrary to religious beliefs which are the legal basis in the country.
this becomes very obvious when the country prohibits gambling but the people do online gambling with various techniques to be able to access it.

it is clear that something that is prohibited has a very large potential to attract the attention of more people. actually I don't really agree with banning online or land casino gambling, gambling is a very high risk entertainment as you say, and someone involved in it knows that. However, the negative impact that results from gambling is that individual responsibility, intellectual and more knowledge are the main things so that someone considers gambling is part of modern entertainment that does not have a major impact on his life let alone leads to addiction.

[Pierre 2]

I would consider myself left libertarian in terms of political stance. I think something being addictive or dangerous doesn't mean it should be banned. Gambling is industry that helps many people (workers) to make a living. Its just another business based mainly on luck. I think best to do is to limit kids from gambling but completely permit other people. This is my idea on this topic in general. Gambling should not be banned.

[traderethereum]

There are many branches of economy that are hard to regulate yet countries don't ban them. A good example is cryptocurrency. Less than 5% of countries banned it. It's the same with gambling. It's allowed in most countries and it's not because their governments aren't caring. They're rather not authoritarian regimes but countries that allow for more freedom.

How many gambling addicts are there compared to normal gamblers? 10%? A country that bans something for the minority is not democratic.

Not only that we know that banning something is incredibly difficult as long as there is demand for it, a great deal of people can gamble responsibly, so if gambling was banned the first thing that will come to their minds is that such a law is unjust and if they want to gamble they will have no problem playing at an illegal casino or gambling online avoiding any kind of restriction imposed by their ISP, so not only government will lose the taxes they get from gambling they will also have to prosecute people that just wanted to have some fun, creating a lot of ill will with their citizens.

They can still continue to gamble and even the ease of accessing the internet in today's era will give them the opportunity to gamble again.
Even if for example their country prohibits outright gambling, they can certainly find a way to continue gambling and we already know this.
Illegal casinos themselves are widely available even in countries where gambling is prohibited, people can come and go to the casino.
Not to mention if it is an online casino because people who are used to gambling can certainly access gambling sites easily.

[Docnaster]

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.
However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

In those countries, they saw the harm of gambling and decided to completely banned it to make sure they will lower the risk of their people's depression because as we already know, there are lots of people who lost compared to winning when it comes to gambling. But some people are just hard-headed and pursue their high-risk hobbies even though their governments forbid them from doing so. When they messed up themselves, they don't have anyone to blame but their own desire, and their government are free of what they have done with their life.

I don't support that gambling should be banned especially in this modern world of liberty. Internet and especially Bitcoin has brought some kinds of liberty and it will not make sense that government or authorities will deprive people this liberty. The best that should be done to gambling is some kinds of regulations that will protect children and ensure that number of addicts are reduced.

[YuginKadoya]

In my opinion, you can surely get mixed opinions from people that have experience with playing online gambling but for me, I am not against anything it will surely depend on the place to ban online gambling if that place has many addicted people then they should ban it depending on the majority of people wanting it, but if it got more positivity than the negative I think we can limit online gambling in some places because in my opinion being addicted and hooked can be controlled it will surely depend on the person's mindset,

And depending on my mindset, I can say playing online gambling has those up and downs up there are those thrills in winning and losing and you get to experience that but don't get hooked from it, controlling one emotion will surely save you for me to limit your self in playing casino gambling is a good thing,

And lastly instead of playing online Casino Gambling play more online Sports betting instead,

[blockman]

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

The truth is that anyone can say that, but when someone starts playing things really change. I don't mean you react on the basis of losing. However, it is very important. I mean, you come to the casino with a desire to win, and that's a mistake.

That's everyone's desire in gambling, we all want to win but you don't have control over the outcome. Well, everyone can say anything what they want to say but there are somethings that we can't connect to the lives of most.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

I think the figure of speech used was just too much but at some point, that's a fact for a country where the gambling industry is big.

A good example is Macau were around 80% of the revenue came from gambling. If that industry crashes, the country will be doomed as other industries there are not performing well to support the whole operation of that place.

But if the user means literally that gambling is "life support" for everyone, then that's wrong.

We can understand that for those countries that have life blood through gambling like Macau and places like Las Vegas. But to connect it to the real life of everyone, there are boundaries that we can't tie it up.

[madnessteat]

I would consider myself left libertarian in terms of political stance. I think something being addictive or dangerous doesn't mean it should be banned. Gambling is industry that helps many people (workers) to make a living. Its just another business based mainly on luck. I think best to do is to limit kids from gambling but completely permit other people. This is my idea on this topic in general. Gambling should not be banned.

I support your point of view. I believe that a complete ban of gambling is not the way out of the situation as those who cannot control themselves will find problems in any case even if gambling is banned and to deprive responsible gamblers of gambling is a violation of their personal rights to freedom of choice. 

[mirakal]

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

Because there is online gambling and there are many ways to avoid that restriction that they do even online. Users can bypass that restriction by using VPN and as long as the online casino, crypto or fiat allows that per user then they can easily gamble back and forth, at any time that they wish to do.

That is why banning gambling activities will be just a nonsense act of the government because they cannot really stop the people from gambling because we are now in the time where technologies are so modern that even the government itself is still struggling to keep up and things will get expensive if they will exhaust some funds just to track citizens who are still gambling online or in-house casinos.
They are just wasting funds that could have some better use, they better think of regulations and not banning because the revenue that is generated by the casinos can be truly helpful to the country.

[carlfebz2]

Gambling can never be banned - it is the life support for the people and sometime it is very helpful for the economy for bringing in the revenue.

There is no question about the gambling industry helping to bring revenue to a country. But do not generalize that it's the "life support" of everyone.

However even in the countries where gambling is banned - now they have found the ways to gamble and there is no stopping. People would not let the gambling banned.

Because there is online gambling and there are many ways to avoid that restriction that they do even online. Users can bypass that restriction by using VPN and as long as the online casino, crypto or fiat allows that per user then they can easily gamble back and forth, at any time that they wish to do.

That is why banning gambling activities will be just a nonsense act of the government because they cannot really stop the people from gambling because we are now in the time where technologies are so modern that even the government itself is still struggling to keep up and things will get expensive if they will exhaust some funds just to track citizens who are still gambling online or in-house casinos.
They are just wasting funds that could have some better use, they better think of regulations and not banning because the revenue that is generated by the casinos can be truly helpful to the country.

Its really futile on making out such decision because of the accessibility today then regarding on banning things which do involves online then it would really be rather a difficult thing to be done.

If they do able to get rid of gambling just because government doesnt really like for their citizens to get addicted then its a right initiative but this one would be applied into those countries which does have other
revenue sources with other industries and losing gambling area wont really be an issue for them then its their call on doing so.
But as said that it would be pointless because accessing sites without being caught nor committing violation would really be easy as pie and people could still play whenever they want
without being caught or traced up.