Regulations & Gambling projects

[Z390]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

[1715499562]

1715499562

[Oshosondy]

Governments are seeing income from tax in the countries or regions where gambling is legal, regulation can not be in a way a gambling site would be affected in a way they will not grow or not able to pay customers money's that are won. Just use a trustworthy gambling site and never bother yourself about regulation. Only what would be regulated are pertaining to restriction of under 18s and other illegal age for gambling, taken gamblng adverts away from public in places children can be exposed to it, money laundering and other things like that and nothing much more.

[dimonstration]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

This is inevitable but crypto casino and crypto user needs to adapt to survive on strict implementation of law by regulators. I remember this is also an issue on exchange but right now KYC is already accepted by users that want to trade and use exchange since it's already a mandatory requirements on most of the big exchange before user can trade.

Imo, gamblers on crypto become interested in crypto casino because of its convenience and not mainly due to privacy. Casino business will just continue even with KYC since gamblers have no choice or else they will come back on physical casino.

[seoincorporation]

It's a tricky question mate because the regulations are different on each country. And there is where things get weird because you can be USA and your server can be in India while your gambling license is in Curaçao. So, the question is what regulations are we talking about while your business base was created in 3 different countries.

I think in the future there will be a 'Internet Global Regulations and Normative', but right now is really tricky the way that gambling operates.

[Wiwo]

What you should be afraid of is centralized casinos that require you to drop your ID for verifications KYC has become one of the ways that regulator has access to the data of players that visit the casino, and if a casino is licensed means there are regulatory compliance there won't be a need for panic when regulators peep on the gambling market. Most importantly avoid playing in unlicensed casinos that way you protect your funds and identity.

[YOSHIE]

When regulation takes a hit on crypto prob in few years from now

You can't compare crypto regulations with gambling sites, gambling has been around for hundreds of years, during the roman emperors and ancient centuries, crypto was published in 2009, that's the point.

Crypto regulation has been tried by some developing countries like China, but they have not succeeded in managing the system or controlling and regulating crypto until now, crypto runs on its own without controlling it.

Conclusion: Crypto regulation/rules/gambling, it is a different method/system, the way it works is also different, the rules of all the rules that you want to do have no impact or effect on gambling sites like Robet, gambling sites can still change the system and rules, if they feel threatened, crypto is a new method applied to gambling sites, fiat still works any time, if they want to change it, so whatever the rules the gambling project wants to do it has no impact at all going forward or now.

[yahoo62278]

Once Governments start dipping their hands in the water, I think crypto gambling sites take a huge hit. By that I mean their profits are going to be cut in half. Casinos will likely run less promotions as they will have a smaller budget. The good thing most likely will be that government involvement might make the consumer feel safer(depending on the government) and feel a casino isn't rigged.

[Eureka_07]

<snip>

Assuming that the regulation on crypto would happen sooner or later, paying and operating crypto casino will be illegal without having a gambling license from a governing body like Curacao. The regulation will remove the confusion if playing and operating is illegal or not.
Also, I think a casino is already regulated if they have a gambling license, from your example, Roobet has license which means it is being regulated. The only difference is that, there is no regulation yet for crypto.

Crypto regulation also means tax can be implemented, cutting your winnings and casino profits.

[Porfirii]

Many have a license in Curaçao now: it seems that it is quite easy to get licensed there.

About prohibitions in the future, taking into account that some platforms are banning streamings showing betting with cryptos, it is also possible that in some jurisdictions traditional betting is allowed, but crypto-betting not. With or without licenses, from Curaçao or wherever. Time will tell.

[stomachgrowls]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Depends!

We do see that majority of crypto casino nowadays does have licenses which does simply imply or means that they are really following some rules or regulation which they would really be implying out those rules
also into their terms and conditions which users should really be looking out.Any effects? If a casino would be sticking out on implementing strict KYC rules or requirement then
you would definitely seeing the number of users who do love anonymity would really be staying away on a certain site.
We do have sites today that doesnt ask out for any verification or personal info which you could still play anytime you do want.

[Hispo]

...anyway, can regulation affects gambling projects in future that's all I seek.

I think it is possible that regulation within the cryptocurrency ecosystem by some centralized powers and governments could affect casinos eventually, specially by the restrictions of what payment methods casinos would be allowed to implement or keep. Casinos could try to move their base of operations to other lands where regulations are not to hard against them,that would probably mean to lose an user base in countries like USA or Europe which are supposedly to most likely to enforce new and harsher rules.

Even though regulation could become an obstacle for gambling projects, there will be alternatives the people behind these may take to continue operating.

[goaldigger]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

They are already regulated and having a license is the proof for that. Though they may get that license easily but we are talking about good gambling site here and they also have the KYC so I think they are already complying with the regulators. Regulations can affect gambling projects, this may pressure them to implement KYC as much as possible and since many gamblers still don’t want KYC, tendency are they will look for the alternatives.

[acroman08]

just to be clear when you say "gambling project" you mean gambling casinos, right?

I don't know about "years from now" since, as far as I know, all casinos that have a license are already regulated, that includes Roobet.com and other casinos that have a license. are you perhaps talking about stricter regulations that gambling sites will have to follow? anyway, if you are thinking of gambling casinos will be affected by stricter regulation, yes, they will, but I don't the effect will necessarily be a bad thing.

[lionheart78]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Definitely these centralized casinos will be forced to implement KYC for anti-money laundering.  They also need to have a license acknowledged by the government they want to setup their service.  Aside from that, I don't see any difference from what we are experiencing atm.

Having the government regulate gambling casino somehow bring more trust to the platform.  Having licenses means the people behind the gambling casino company owner is known.  This somehow prevents a gambling casino from scamming its player and disputes can be brought to court.

[rhomelmabini]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I think it's on their mitigation plan to abide on those regulations so that they can secure their business in the future too. They are a huge gambling platform and for sure they know that regulations is the future too in terms for longevity. I think if they are licensed then they are also regulated.

[romero121]

Governments have big revenue from the gambling sites. Even if some policy change is done, it'll be done in such a way that the policy should not affect the income of the government. It is very rare to see policies and restrictions that stand as a barrier in the development of cryptocurrency accepted gambling platforms. Some countries have complete ban, but countries that have allowed won't make big restrictions.

[Piesel]

Government makes lots of money from taxes generated from casinos and that will make most governments reluctant on digging down casinos that is why there seems to be a free market that allows regulations to check underage gambling aside from that, most countries have flexible casino regulations.

But unless some other countries view gambling as an illegal activity and will have strict rules against casinos operation in their region, if that happens casinos' revenue will be greatly affected and some of the casinos will be forced to close down.

[BitDane]

Government makes lots of money from taxes generated from casinos and that will make most governments reluctant on digging down casinos that is why there seems to be a free market that allows regulations to check underage gambling aside from that, most countries have flexible casino regulations.

True government gets huge amount of money from casino tax.  Casino can even make a city prosperous we can see Macau, Las Vegas as an example.  I do not think government are reluctant on digging casinos, I think they just don't enough evidence to make them take action of digging.  Government need enough evidence and samples in order to act.

But unless some other countries view gambling as an illegal activity and will have strict rules against casinos operation in their region, if that happens casinos' revenue will be greatly affected and some of the casinos will be forced to close down.

If a country labeled gambling as illegal then obviously any casino that is operating on that country will be shut down.

For crypto casino, I think it had been long regulated since legit crypto casino have license to operate before they can offer their services.

[passwordnow]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

They are already regulated by the government so, there's already the implementation of KYC on most of the casinos that are registered with their enterprise.
And if there's a bigger concern like as you're saying about being hit by the regulation and government, what more they can do? Ban it? Stop the business itself?
We don't know what type of hit can happen if they have it so. Whether there will be that type of regulation in the future that's going to hit them hardly because they're a crypto casino, they'll comply to whatever the government implements.

[robelneo]

It's a tricky question mate because the regulations are different on each country. And there is where things get weird because you can be USA and your server can be in India while your gambling license is in Curaçao. So, the question is what regulations are we talking about while your business base was created in 3 different countries.

I think in the future there will be a 'Internet Global Regulations and Normative', but right now is really tricky the way that gambling operates.

A billion-dollar industry with millions of people using these platforms the possibility will be there, these casinos can claim they are compliant but they are not really regulated it takes cooperation from countries for us to have global regulation but right now the only way you can be safe since you do not have an institutions or organizations to go through to make a complaint in case you have an accusation is to pick the right casino to play and follow and adheres to the rules and if you have a complaint, we have this forum to get both sides of the story.

[capedbaldy]

They are already regulated by the government so, there's already the implementation of KYC on most of the casinos that are registered with their enterprise.
And if there's a bigger concern like as you're saying about being hit by the regulation and government, what more they can do? Ban it? Stop the business itself?
We don't know what type of hit can happen if they have it so. Whether there will be that type of regulation in the future that's going to hit them hardly because they're a crypto casino, they'll comply to whatever the government implements.

Casinos have no other choice if the government has imposed the latest regulations for mandatory use of KYC for every user, so it's natural for users to be disappointed with those regulations but casinos have no other choice and as long as we have any issues regarding KYC then it's fine to verify the KYC if that required to comply with government regulations.

[Yogee]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others?

Nothing. Regulated crypto just means allowed but within the limits of certain laws so I don't think you should be worried about that. Worry about it if it's a ban.

Majority of players have probably accepted the fact that regulation is here to stay. I'm also guessing most of these crypto casino players are also users of centralized exchanges and have submitted their personal information for KYC.

[shasan]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Those who are legit users and those who are legit sites will not face any problems with government regulations. The government may tell to not to allow under 18 years age and this is already existing in those countries that have permitted gambling. Also, the advertising meant should not go on there who has allowed using under 18 years old.

[AmoreJaz]

Nothing. Regulated just means allowed but within the limits of certain laws so I don't think you should be worried about that. Worry about it if it's a ban.

Majority of players have probably accepted the fact that regulation is here to stay. I'm also guessing most of these crypto casino players are also users of centralized exchanges and have submitted their personal information for KYC.

Actually many users have submitted KYC for centralized exchanges even sadly they use KYC to complete the tasks of the airdrop program, but why is KYC for casinos in issue even though casinos are already legally registered for gambling platforms, if we have to objectively assess each platform that requires KYC to prevent crimes that use cryptocurrencies for money laundering.

regulation in casinos would just be a normal thing in the coming days. so every player should really expect that if you are playing on a licensed casino, you are prepared to submit your kyc at anytime they deem necessary. so before you encounter any trouble, make sure you are registering the right details as it may cause issues later on.
most CEXs are now requiring KYC from their traders, even if you are just a small trader. so yes, i believe, most of these crypto gamblers are now prepared to go thru the KYC requirements because one way or another, they may have used one or more of these CEXs to acquire their crypto.

[milewilda]

Nothing. Regulated just means allowed but within the limits of certain laws so I don't think you should be worried about that. Worry about it if it's a ban.

Majority of players have probably accepted the fact that regulation is here to stay. I'm also guessing most of these crypto casino players are also users of centralized exchanges and have submitted their personal information for KYC.

Actually many users have submitted KYC for centralized exchanges even sadly they use KYC to complete the tasks of the airdrop program, but why is KYC for casinos in issue even though casinos are already legally registered for gambling platforms, if we have to objectively assess each platform that requires KYC to prevent crimes that use cryptocurrencies for money laundering.

regulation in casinos would just be a normal thing in the coming days. so every player should really expect that if you are playing on a licensed casino, you are prepared to submit your kyc at anytime they deem necessary. so before you encounter any trouble, make sure you are registering the right details as it may cause issues later on.
most CEXs are now requiring KYC from their traders, even if you are just a small trader. so yes, i believe, most of these crypto gamblers are now prepared to go thru the KYC requirements because one way or another, they may have used one or more of these CEXs to acquire their crypto.

When you are playing on a licensed casino then expect something like this on which they could anytime make out some changes when it comes to KYC or some related scenario.
Same goes on what we are seeing on exchange platforms which it do become even more strict as years passing by.We know that gambling platforms or businesses are really making huge money
or does involved on storing up lots money where government would be always looking upon about money laundering probabilities which it is the main reason on why platforms
do really end up on getting licensed or regulated.Ending up that people would really be the ones who would be mainly be affected.

[Wexnident]

I think they'd just impose some sort of regulations/laws that would make the company be a bit more transparent to them. It wouldn't matter though if the companies are not really connected to a specific country or they wouldn't mind losing them being able to show their site to that specific country (since most laws would be country specific). I'd think they'd just follow the regulations though since well, they already do KYC, I think a bit more of a stretch to that would hurt them that much. Heck i don't even think there's a lot of casinos without KYC, there's a few but they're really few afaik.

[coin-investor]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Casinos have self-regulated themselves they got licenses and they ban countries that don't allow gambling they live up to their reputation by paying their members with legit winnings, so if there are international regulations for online gambling, casinos can easily adapt to regulations, those who will have a hard time adopting are small time casinos because they have to show their capability and sustainability on what these regulators will set as a qualifying threshold to run a casino.
The industry is very much ready for regulations I think this is good to weed out these bad actors in the industry like 1XBIT.

[Chikito]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others?

Let's make an example country that legalized gambling, China, especially Macau and Hongkong. What can I see is that the place is very advanced and growing every day, there may be other income, but both are very popular with gambling, so I made a conclusion regulation is very important to managed income country, one of them is gambling. Of course, the government will protect and help if the gambling project follows the rule, which means mutual benefit.

So the rules don't kill the project, it can even make them much better.

[peter0425]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others?

So the rules don't kill the project, it can even make them much better.

Supporting this completely , we are just looking for the negative effect but the long term isn't in the conversation , people are trying to see what they don't wanna see but not what is coming , regulating a business does not mean they are killing it instead this helps them develop more to progress and in benefits of all.
and besides nowadays Implementation of rules and restrictions are being held from one to another site , so expect more to come in the future, what good in this is that we will be ready when it comes and completely understand what we are dealing for.

[fortunecrypto]

It could happen, and if happens the industry is ready majority have their licenses and they are compliant with what countries they can accept, so if ever there is a regulation and an organization that will govern the gambling industry only those who can comply with the Magna Carta or provisions of the regulating body can operate and this is good for the industry as players can have an organization that will be a third party on their complaint on casinos.

[Don Pedro Dinero]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I think we are in an intermediate phase where regulations have started to have an impact. The fact that almost all crypto casinos have a licence, even if it is from Curaçao, is because of AML regulations. I think there will be a second phase where to operate mainly in Europe and in some other countries they will have to have a license from the country, as in theory happens now but I don't know if they turn a blind eye or what because most cryptocurrency casinos you can access without vpn or anything and without being blocked.

This will lead to a bump in the business, and then to further growth, in my opinion.

[Saisher]

I will support regulations if there is a governing body that will regulate online gambling, right now what we have is self-regulation by casinos and the country where they operate, international regulation will give a trustworthy seal to casinos that comply with what these regulators laid out, the online gambling industry is here to stay and they are one of the top industries in the internet, it's just right that the industry is regulated so every casino in the industry will have a responsibility to serve and players get what they deserve, I don't know who will start or what country will start this move but soon there will be a demand by players as online is very much different from physical casinos.

[Viscore]

Once Governments start dipping their hands in the water, I think crypto gambling sites take a huge hit. By that I mean their profits are going to be cut in half. Casinos will likely run less promotions as they will have a smaller budget. The good thing most likely will be that government involvement might make the consumer feel safer(depending on the government) and feel a casino isn't rigged.

People will feel more secured knowing this gambling site allows government involvement, which means all their games are widely approved by the government and have no or less chances of being rigged. However, casino owners would likely to be not attached to the government, even abiding their rules and regulations since it would mean less privacy on their part, particularly on the amount of profits they obtained.

[Daltonik]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Gambling regulation concerns organizations and services, depending on which jurisdiction they are registered in, and as these procedures spread, they will cover more and more countries, but in any case there will be territories free of this.

[Docnaster]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

There's no one government that will be able to regulate gambling to the extent you mean in a Op. It would have been possible if there is just one central government in the whole world. But that is not the reality.
If you check well, some countries don't support gambling and that does not stop people from that region from gambling with hidden identity and hidden IP. So regulations is country by country, if one country doesn't favour, gambling companies will go to another company.

[Jawhead999]

Those casinos will just become stricter than before because regulations ask the casinos to implemented KYC mandatory rules, restrict many countries that doesn't allow to gambling, and have a blockchain analysis to combat Anti Money Laundering or high illicit sources. I don't think government will try to shut down the casinos, as long as they're follow the whole regulations which mean their casinos are legal, it will benefit for the regulations too since they need to pay taxes.

[iv4n]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

There's no one government that will be able to regulate gambling to the extent you mean in a Op. It would have been possible if there is just one central government in the whole world. But that is not the reality.
If you check well, some countries don't support gambling and that does not stop people from that region from gambling with hidden identity and hidden IP. So regulations is country by country, if one country doesn't favour, gambling companies will go to another company.

In some countries, the laws and rules are strict, while some are more relaxed when it comes to gambling and other things! Roobet is a good example, they have mandatory KYC and they have a license under the Government of Curacao, still people from the US, Australia, UK are restricted from playing there, at least legally...

Can I use VPN on Roobet? Yes. When set to the right country, a VPN will help you unblock Roobet. You'll be able to deposit with your cryptocurrency, play games like blackjack and roulette, and withdraw your funds.

Source: Best VPNs for Roobet in 2022

Well, I am sure that in the future the government will deal more with the crypto world and crypto casinos, which means they will try to regulate and impose some rules for services and people who use them, of course, everything will be taxed! Perhaps we will be left with a casino that will follow the spirit of the crypto world, anonymously, quickly, and safely.

[passwordnow]

They are already regulated by the government so, there's already the implementation of KYC on most of the casinos that are registered with their enterprise.
And if there's a bigger concern like as you're saying about being hit by the regulation and government, what more they can do? Ban it? Stop the business itself?
We don't know what type of hit can happen if they have it so. Whether there will be that type of regulation in the future that's going to hit them hardly because they're a crypto casino, they'll comply to whatever the government implements.

Casinos have no other choice if the government has imposed the latest regulations for mandatory use of KYC for every user, so it's natural for users to be disappointed with those regulations but casinos have no other choice and as long as we have any issues regarding KYC then it's fine to verify the KYC if that required to comply with government regulations.

And us users, can't do anything with that but comply and just follow what set of rules they have.
Because if we like the casino where we're playing, it won't matter to us although we're aware of what possible things might happen if we send them our data and verification.
It has become a necessary thing to do these days if it's about services like this that involve money/cryptocurrencies because the government is all eyes on it.

[coinerer]

But unless some other countries view gambling as an illegal activity and will have strict rules against casinos operation in their region, if that happens casinos' revenue will be greatly affected and some of the casinos will be forced to close down.

It is very simple that if the government of a country marks it as illegal then it is illegal in that country and they will not get any income from it. They don't even expect. But these days gambling has become much more spread in every where. Even if it is illegal in any country, its citizens continue to gamble. If the government knows about it, it does nothing to do. In this context validity should be given of that particular county. At least government will not lose revenue.

[Peanutswar]

That gambling casino we know online is not regulated by the government but if the country now can make regulations that the user of that particular gambling casino must need to follow and make a proper way to get regulated in your country that's the time they need to make a proper documentation with that which is allowing them to operate else they can ban those gambling casino for over all ISP of the country instead you will now use a VPN to access, but if your country still allowing the crypto gambling casino you don't need to worry about too much.

[Synchronice]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Do you know the story of Kim Dotcom? Do you know that today's mega is a descendant of old megaupload? Almost always, there are loopholes in the law, that's why we have law degree. If there weren't loopholes in law, there wouldn't be a necessity of lawyers.

If regulations take a hit on crypto casinos, they'll find a way to deal with it but before that, keep in mind that gambling is a very profitable business and very serious people are involved into it, even in crypto. So, don't worry, crypto casinos will continue to function and in the worst case, there will be an alternative, unseen before.

[serjent05]

Gambling regulations in each country are different, some are allowed but have to pay for a permit, and there are also countries that do not allow any type of gambling like in my country, gambling is strictly prohibited if caught will be subject to imprisonment or compensation.
if I want to access well-known gambling sites such as stake.com, roobet etc. I  need to use a VPN, whether it affects my  ID later or not, the important thing is that I can fill my spare time to roll the dice

Gambling regulations and law implementations in strict countries is really a burden to gamblers but we can't deny the fact that players will always find ways to gamble despite its consequences. In our country, people are free to gamble, and our government allows it since they could get high taxes from gambling but when abused and if the gambling company is causing chaos connected to crimes just like what happened to an online cock fighting company, they ban and close it permanently. People only need to be responsible here which I think is still a good implementation. 

The government only regulates those casinos that is within its reach.  The Government is having a hard time regulating crypto casinos because they are online casinos and access to the platform is very difficult to block.  Anyone can use VPN and be able to bypass ISP restrictions.  Besides, only the licensing government are able to take advantage of online casinos since government can't really tax online casino if they are not the one giving the casino permit.  Casinos often put the taxation on the players' shoulders in their respective countries.

I'm just answering this because of the way is being discussed and titled because i believe in the gamblling projects can be regulated to people who is directly into gambling because i believe that gambling platforms, the people who knows better of gambling are the people can equally regulates gambling from what i understand

Nope, only the authority can regulate gambling, ordinary people who understand gambling don't have the right to regulate unless he is the government official assigned to tackle the matter.

[samcrypto]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

There are many casinos in the crypto world which may be affect by regulations when the time comes and I know that soon every casinos will stick to rules lay down for casinos if crypto eventually becomes regulated. Most of these casinos are has owners that are not affiliated to the government so when that time comes things will still look normal.

This is the cost that we have to deal if we really want mass adoption, and that could affect a lot of crypto projects because for sure, regulations will be more strict especially for gambling since there’s a lot of suspicious money on this activity and the government strictly monitoring this. Roobet will not be the last site to implement KYC, we can expect more site in the future and even the top gambling site, they are not safe from regulations and KYC.

[Yogee]

Nothing. Regulated just means allowed but within the limits of certain laws so I don't think you should be worried about that. Worry about it if it's a ban.

Majority of players have probably accepted the fact that regulation is here to stay. I'm also guessing most of these crypto casino players are also users of centralized exchanges and have submitted their personal information for KYC.

Actually many users have submitted KYC for centralized exchanges even sadly they use KYC to complete the tasks of the airdrop program, but why is KYC for casinos in issue even though casinos are already legally registered for gambling platforms, if we have to objectively assess each platform that requires KYC to prevent crimes that use cryptocurrencies for money laundering.

The whole point in my post is that casino players that have completed KYC on centralized exchanges will have no problem with doing the same thing on crypto betting platforms. That also means they won't leave the casino just because it becomes more regulated so I answered "nothing" to this question in the OP,

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others?

It may not be completely "nothing" but the impact of the added regulations will be minimal.

[Zlantann]

This is the cost that we have to deal if we really want mass adoption, and that could affect a lot of crypto projects because for sure, regulations will be more strict especially for gambling since there’s a lot of suspicious money on this activity and the government strictly monitoring this. Roobet will not be the last site to implement KYC, we can expect more site in the future and even the top gambling site, they are not safe from regulations and KYC.

The government would always claim that they want to curb money laundering which is why they want to regulate gambling projects. But most sensible government understands that casino companies is just a drop in the ocean when it comes to diverse means of carrying out that crime. Strick regulation of crypto casinos would lead to loss of funds by the government because these firms would move to other friendly countries.

I am also concerned about the bureaucratic bottleneck most casino firms would have to endure to register in most countries. Some country's agencies waste a lot of time processing documents needed for registration. This waste of time might even discourage both old and new casino companies from seeking licenses or operational permits.

Nevertheless, regulation might also attract more gamblers to these crypto casinos. Most people always feel that any unregistered business is not reliable and can scam them at any time. Hence, regulations can also promote customer confidence, thereby increasing patronage.     

[X-ray]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

There are many casinos in the crypto world which may be affect by regulations when the time comes and I know that soon every casinos will stick to rules lay down for casinos if crypto eventually becomes regulated. Most of these casinos are has owners that are not affiliated to the government so when that time comes things will still look normal.

Regulation will actually affecting the casino in the crypto world. The problem is developers who operated the platforms based in another country just like curacao or something else. As long as regulation will not put very big restriction to the gambling platforms and that's wine for me to be honest. Crypto regulation will not give a huge impact to the casino. im sure about this. Remember that these days the regulation was always focusing to the money laundering.
It seems like regulation will be only putting KYC as a verification purpose in any platforms.

[rodskee]

regulation is normal and with gambling as one of the most profitable and successful business nowadays?  Government will continue to seek how they can earn and take profit from each businesses so regulating will add this favor.

But if you are looking for higher negative output? I think it has been happening for years now yet Gambling is increasing so I guess nothing will go bad further but some strict rules and implementation to be followed by gamblers in each countries .

I'm just answering this because of the way is being discussed and titled because i believe in the gamblling projects can be regulated to people who is directly into gambling because i believe that gambling platforms, the people who knows better of gambling are the people can equally regulates gambling from what i understand

it is not about the people but about the government who under the gambling businesses.

[michellee]

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

Maybe all we know is about KYC and the like, while for others and more details, we won't know. As a growing business, the government wants to profit from the casinos too and maybe they will impose a tax on them to reduce the casino income.

[bitterguy28]

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

if they wanted to know details? then they can just ask the casino but the issue here is that ? they are in sole intention here is that to take advantage of the situation and that is government wanted to take funds from the businesses.

Maybe all we know is about KYC and the like, while for others and more details, we won't know. As a growing business, the government wants to profit from the casinos too and maybe they will impose a tax on them to reduce the casino income.

that is what they wanted in gambling sites , there is a intention we must understand lol.

[Piesel]

I'm just answering this because of the way is being discussed and titled because i believe in the gamblling projects can be regulated to people who is directly into gambling because i believe that gambling platforms, the people who knows better of gambling are the people can equally regulates gambling from what I understand

You may need to share more details of what you mean by, (the people who know gambling that will regulate gambling).
U don't want to assume that I understand the point you are trying to make, but I can build an understanding around your statement, what you mean is government regulators and policymakers that are involved in gambling will be the ones to regulate gambling.

I don't think that is the truth, because I.one will want to regulate what he/she is heavily involved in and no gamblers can make struck laws on gambling than those who truly use the casinos.

But even at that, gambling generates a lot of revenues for the government even though it seems to be that gambling terms illegal in some places the government still benefits from it massive

[Wexnident]

I'm just answering this because of the way is being discussed and titled because i believe in the gamblling projects can be regulated to people who is directly into gambling because i believe that gambling platforms, the people who knows better of gambling are the people can equally regulates gambling from what i understand

If all it took was people who knew the system to develop it, we wouldn't need the government, scientists could do all the work to decide what to do and whatnot in terms of various industries since they're the specialized person for each place. Specialists aren't the ones in charge because they only tackle one part of the problem, someone who manages these people tackles every problem possible to minimize the problems that may arise due to the results.

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

And I highly doubt people would actually care. There's probably going to be some media group out there that would simply blow it up and then they'd react since well, you know how issues are, they're only addressed when it's way past the point of return.

[kotajikikox]

I'm just answering this because of the way is being discussed and titled because i believe in the gamblling projects can be regulated to people who is directly into gambling because i believe that gambling platforms, the people who knows better of gambling are the people can equally regulates gambling from what I understand

You may need to share more details of what you mean by, (the people who know gambling that will regulate gambling).
U don't want to assume that I understand the point you are trying to make, but I can build an understanding around your statement, what you mean is government regulators and policymakers that are involved in gambling will be the ones to regulate gambling.

Obviously he is the only one that understand what he meant here, i tried reading twice but it seems that the post isn't even connected to the thread .

I don't think that is the truth, because I.one will want to regulate what he/she is heavily involved in and no gamblers can make struck laws on gambling than those who truly use the casinos.

let gamblers have their way and besides every one of us has their own way of dealing in gambling.

But even at that, gambling generates a lot of revenues for the government even though it seems to be that gambling terms illegal in some places the government still benefits from it massive

and that is why they are pushing regulation because of the funds they may gather and not that small surely.

[michellee]

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

if they wanted to know details? then they can just ask the casino but the issue here is that ? they are in sole intention here is that to take advantage of the situation and that is government wanted to take funds from the businesses.

They can ask the casino but I doubt if the casino will give a detailed answer because I think it will be a casino and government secret. Yes, they do want to take advantage of this situation and it is clear that the government also wants to take advantage of the same. Each casino and government has its plans and we as gamblers, can only follow the rules made by each casino and government.

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

And I highly doubt people would actually care. There's probably going to be some media group out there that would simply blow it up and then they'd react since well, you know how issues are, they're only addressed when it's way past the point of return.

I feel like some of the media groups out there have some that are paid to blow the whistle on this issue so it's just going to get people's attention. But people who care about this can definitely take good care of themselves and won't gamble with a lot of money.

[MaverickGames]

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

if they wanted to know details? then they can just ask the casino but the issue here is that ? they are in sole intention here is that to take advantage of the situation and that is government wanted to take funds from the businesses.

They can ask the casino but I doubt if the casino will give a detailed answer because I think it will be a casino and government secret. Yes, they do want to take advantage of this situation and it is clear that the government also wants to take advantage of the same. Each casino and government has its plans and we as gamblers, can only follow the rules made by each casino and government.

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

And I highly doubt people would actually care. There's probably going to be some media group out there that would simply blow it up and then they'd react since well, you know how issues are, they're only addressed when it's way past the point of return.

I feel like some of the media groups out there have some that are paid to blow the whistle on this issue so it's just going to get people's attention. But people who care about this can definitely take good care of themselves and won't gamble with a lot of money.

Hey all! We're licensed by the Isle of Man Gambling Supervision Commission -- it's one of the stronger licenses, so we have lots of interaction with the government. I believe we're the only sportsbook / casino in this forum who's licensed by a government with this much oversight, so I'm happy to answer as many questions as I can!

I'm the person in our company who deals directly with the government, the lawyers, and the compliance folks, and I'll give you as much transparency as I possibly can -- and if I can't answer, I'll tell you why. Our license and the regulation definitely impacts our project, so let me know what questions you have!

^ Kendra

[Reatim]

I'm just answering this because of the way is being discussed and titled because i believe in the gamblling projects can be regulated to people who is directly into gambling because i believe that gambling platforms, the people who knows better of gambling are the people can equally regulates gambling from what i understand

actually ? you does not understand any of the post here , even your own posts  because you are the people can equally regulates gambling when it is clearly that this is to be the government to regulates?

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

Maybe all we know is about KYC and the like, while for others and more details, we won't know. As a growing business, the government wants to profit from the casinos too and maybe they will impose a tax on them to reduce the casino income.

they will absolutely mate, and also there are cases that government is pushing regulations so they will get somethign favorable because of this effect so yes it is.

[nakamura12]

There are reasons why government regulates gambling projects which is to earn from it and implement some rules that the casino must follow and if they don't then those casinos will most likely to be closed. It is their way to let gambling legal so that the casino owners can continue running their casino but they must pay tax which the government will receive. It's a win-win situation if I say about it for both the government and the casino where gambling is not illegal and government earn from it.

[michellee]

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

if they wanted to know details? then they can just ask the casino but the issue here is that ? they are in sole intention here is that to take advantage of the situation and that is government wanted to take funds from the businesses.

They can ask the casino but I doubt if the casino will give a detailed answer because I think it will be a casino and government secret. Yes, they do want to take advantage of this situation and it is clear that the government also wants to take advantage of the same. Each casino and government has its plans and we as gamblers, can only follow the rules made by each casino and government.

Hey all! We're licensed by the Isle of Man Gambling Supervision Commission -- it's one of the stronger licenses, so we have lots of interaction with the government. I believe we're the only sportsbook / casino in this forum who's licensed by a government with this much oversight, so I'm happy to answer as many questions as I can!

I'm the person in our company who deals directly with the government, the lawyers, and the compliance folks, and I'll give you as much transparency as I possibly can -- and if I can't answer, I'll tell you why. Our license and the regulation definitely impacts our project, so let me know what questions you have!

^ Kendra

Hi Kendra. Nice to meet you. I am impressed by your statement and very pleased to know that you represent your company. I hope that your license doesn't make your casino a very strict one in terms of verification because this is a problem for crypto gamblers.

And I wish you success in managing your company with the team.

[MaverickGames]

I think the regulations from the government can affect the gambling project because the government wants to know more details about the project and take advantage of the project. The government and the casinos probably won't explain to the public what kind of regulations the casinos want or have implemented.

if they wanted to know details? then they can just ask the casino but the issue here is that ? they are in sole intention here is that to take advantage of the situation and that is government wanted to take funds from the businesses.

They can ask the casino but I doubt if the casino will give a detailed answer because I think it will be a casino and government secret. Yes, they do want to take advantage of this situation and it is clear that the government also wants to take advantage of the same. Each casino and government has its plans and we as gamblers, can only follow the rules made by each casino and government.

Hey all! We're licensed by the Isle of Man Gambling Supervision Commission -- it's one of the stronger licenses, so we have lots of interaction with the government. I believe we're the only sportsbook / casino in this forum who's licensed by a government with this much oversight, so I'm happy to answer as many questions as I can!

I'm the person in our company who deals directly with the government, the lawyers, and the compliance folks, and I'll give you as much transparency as I possibly can -- and if I can't answer, I'll tell you why. Our license and the regulation definitely impacts our project, so let me know what questions you have!

^ Kendra

Hi Kendra. Nice to meet you. I am impressed by your statement and very pleased to know that you represent your company. I hope that your license doesn't make your casino a very strict one in terms of verification because this is a problem for crypto gamblers.

And I wish you success in managing your company with the team.

Nice to meet you too! Our license does require that we verify our players, but we've developed a system where most people can deposit, play, and withdraw to test out the casino and sportsbook before having to provide any personal documents. So we do ask for personal information on sign up, but for most players, we don't ask for anything else right away. If it were me, I wouldn't want to provide my personal documents without getting a better understanding of the people I was giving them to, and this way, players can get a feel for who we are before taking that next step.

I will say that I think licensed companies really ask for verification for two reasons:

1) Because gambling's historically been an easy way to launder money, and verifying someone's identity makes it easier to make sure that you're not unwittingly being used for something criminal, and

2) It's the easiest way to prevent underage gambling.

The second especially is really important to me -- I don't want anyone to get hurt by something that we've built!

Personally, I wouldn't give my ID to an unregulated or under-regulated site, so I totally get why people don't want to go through that process. But for sites that are regulated in countries with really strong consumer protections, there's a lot of oversight and big consequences if we were to have a data breach. We go through an assessment of all of our systems and policies with our government every year -- they actually come into our office, review everything, ask our team questions -- they really care a lot that not only do we have the right policies and procedures, but they're actually implemented.

I also have a legal responsibility to report any data breaches to both the person whose data has been compromised, and to the government. And the fines are no joke!

I know that's not the case for every license, so it's definitely right that people are skeptical! I've worked in crypto for almost a decade now, and I get why anonymity is one of the core tenants. But I've also been in this community long enough to have seen a lot of people get scammed by unlicensed gaming sites. So I know that our licensed site won't be the right fit for everyone, but I think it's an important option!

^Kendra

[Fivestar4everMVP]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?
I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.

[danadc]

There are reasons why government regulates gambling projects which is to earn from it and implement some rules that the casino must follow and if they don't then those casinos will most likely to be closed. It is their way to let gambling legal so that the casino owners can continue running their casino but they must pay tax which the government will receive. It's a win-win situation if I say about it for both the government and the casino where gambling is not illegal and government earn from it.

What you say is very correct, I am from a country where casinos have been banned for a long time, I don't know if they are still banned, but when they are banned it is because obviously a government does not agree that people handle a lot of money, and that means they can manage more than the governments themselves and that is something they do not allow, because they can see it as money laundering and it would make the money in a country in crisis give more control to the accelerator, fear is what drives regulations with the casinos, but if a government is in the same line as the casino and they pay dividends, it would be something that suits them and as many countries do (under the table) and let the casinos work in peace.

[pawanjain]

Ofcourse it will impact gambling sites and not only gambling sites but everything that is related to crypto will be impacted.
So whatever regulations are that are applicable on cryptocurrencies will be directly applied to all entities involved with it.
Further, separate regulations for individual entities might also be added. But yeah it's certain that these gambling sites won't be banned any time soon.

[salad daging]

There are reasons why government regulates gambling projects which is to earn from it and implement some rules that the casino must follow and if they don't then those casinos will most likely to be closed. It is their way to let gambling legal so that the casino owners can continue running their casino but they must pay tax which the government will receive. It's a win-win situation if I say about it for both the government and the casino where gambling is not illegal and government earn from it.

The government has the power in this rule, if the gambling project must comply with the rules that apply in their country, I see now many people prefer casinos that are already under the auspices of the government because they want the casinos they play to be really legal, so if the casinos enforce KYC, for example, is a natural thing because of their policy, so we know the government already has authority over it, so casinos have to comply with it until it becomes legal.
Surely the government will collect taxes from gambling projects so they will get from it because according to existing rules, it's not just gambling projects, other companies also if they are under the government then have to pay taxes because it's mandatory.

[goldkingcoiner]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I do not expect regulation to have any kind of effect to the extent that you are imagining. If anything the governments of the world will try to squeeze the centralized end-points of service providers which deal with cryptocurrency rather than trying to regulate a decentralized entity as it has been trying to, for a long time. And it has not succeeded even a bit. As far as gambling goes, I expect something of decentral and unregulatable nature to develop sometime in the next years in the gambling world. So regulations from the goverment will be as meaningless as they are now. If not even more.

[nakamura12]

The government has the power in this rule, if the gambling project must comply with the rules that apply in their country, I see now many people prefer casinos that are already under the auspices of the government because they want the casinos they play to be really legal, so if the casinos enforce KYC, for example, is a natural thing because of their policy, so we know the government already has authority over it, so casinos have to comply with it until it becomes legal.
Surely the government will collect taxes from gambling projects so they will get from it because according to existing rules, it's not just gambling projects, other companies also if they are under the government then have to pay taxes because it's mandatory.

Yes we don't have a choice but to follow the government's decision either to legalized gambling or making it illegal. The government has indeed the power to legalized gambling such as casinos and since they pass it on the court to legalized the casino so they should also earn unlike online casinos where the owner doesn't need to pay tax at all compared to a casino where they get money from them just by making gambling legal since as said before that rhe government have the power to do it.

[FatFork]

The world is becoming more and more regulated, and I believe this will be the trend going forward. Regulations have changed the way we perceive gambling, cryptocurrencies and anything related in general.

This will surely be a challenge for all the gambling sites in the industry, but I think if we take a long-term approach and look at things from historical examples we'll see that it's not a big issue and that gambling sites will find a way to work with it. It's difficult to predict what this means for the industry going forward, but it doesn't seem likely that governments will back down from regulating everything related to gambling. One could argue that this is inevitable; we're talking about a billion dollar industry and a ever-growing user base. Governments, like all players in this industry, have a strong incentive to figure out how they can capture their cut, and regulations seem to be a logical way of doing so.

[lionheart78]

The world is becoming more and more regulated, and I believe this will be the trend going forward. Regulations have changed the way we perceive gambling, cryptocurrencies and anything related in general.

The existence of a government means all things will be regulated.  Gambling regulation hasn't changed, KYC is implemented in fiat online gambling casino, it the emergence of cryptocurrency and the adoption of the gambling industry to cryptocurrency, but the government is too slow to react to it.  The Crypto gambling industry is destined to be regulated by the government.  For a reason that the government has the authority.  We as a citizen need to follow the government's rule, and the government wanted everything to be regulated.

This will surely be a challenge for all the gambling sites in the industry, but I think if we take a long-term approach and look at things from historical examples we'll see that it's not a big issue and that gambling sites will find a way to work with it. It's difficult to predict what this means for the industry going forward, but it doesn't seem likely that governments will back down from regulating everything related to gambling. One could argue that this is inevitable; we're talking about a billion dollar industry and a ever-growing user base. Governments, like all players in this industry, have a strong incentive to figure out how they can capture their cut, and regulations seem to be a logical way of doing so.

Adopting government regulation is indeed a challenge to all crypto-gambling sites since many of these platforms' clients are looking for anonymity to hide their wealth from the government.  If the crypto gambling industry wanted to move forward, they need to adjust and adopt the government regulations else it will be branded as an illegal gambling company and will be shut down.  Gambling owners do not want their operations to be shut down and face criminal charges.  So government regulation is inevitable for gambling projects.

[DoublerHunter]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?
I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.

^Definitely right.
It could be a fear for both parties to do a crime since they are regulated by the government, it is easy for them to do shit for a gambling business that did not regulate, it could have become a scam. I did not see regulation will affect this entity, despite it will boost the adoption since people are aware they are protected by the government. As we know we need to follow our government's laws and regulations to avoid crimes and also you are safe in that way and have nothing to worry about the fund where you entrust in the gambling casino.

[BitDane]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?
I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.

I highly agree with you.  We must look the online casinos that way.  Since they need licenses to operate, it is normal to see them got regulated.  The thing is, people with ill intention of hiding their money and get away from their financial obligation to government use crypto platform to launder money.  They use the guise of decentralization and influence others to make believe that it is the right of a citizen to evade taxes  .

True, if we are worried about our information getting leaked, we must choose reputable casinos and comply to whatever requirements they need in order for us to use their services.

[WalkerIVIV]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

[harizen]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

The operation is still on its usual. It's not that we are really doomed when regulation hits crypto-gambling sites.

Although at some point, expect KYCs or any sort of verification but not to the point it will be a mandatory thing to comply with.

Just go with the flow. It's really expected that crypto-gambling will be soon touched by these regulations. There are advantages and disadvantages but I'm sure that won't affect our gambling experience here in crypto.

[dothebeats]

Government makes lots of money from taxes generated from casinos and that will make most governments reluctant on digging down casinos that is why there seems to be a free market that allows regulations to check underage gambling aside from that, most countries have flexible casino regulations.

This is what's currently happening in the Philippines. A lot of lawmakers are defending the POGO (Philippine Offshore Gaming Operators) platforms because they insist that it generates billions upon billions of tax revenues for the gov't. If numbers alone would be the main point of the argument, it's really a beneficial thing. The problem is, the proceeds of these tax revenues weren't anywhere to be found, and each fiscal year since they allowed these gambling operators in the land, we sunk deeper in debt when the said activity is meant to offset that.

In the end, it's the misuse of funds, taking advantage of the fragility of the gambling industry, and the crooked officials which will take down gambling. They never allowed POGOs to operate 100%, just took advantage onsome clauses and loopholes that temporarily allowed their operation.

[btc78]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

maybe in short time there will be as adjustments and some panic from investors and players will take part but this is a basic problem that eventually will be provided answers and solutions.

But look at it now, even there are strict regulation in some part of the world, gamblers and investors still finds place and ways to continue their dealing in crypto world so indeed that this will not totally affect the whole system.

[strunberg]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

at some countries that gambling platform suspend especially from muslim countries , of course it will be serious problem , by regulation their position become more weaker. government and another stake holder that rellated with gambling statue will directly cut all access to this site. but for countries that allowed gambling platform , by this regulation they will parallely adopt bitcoin and also have legal standing.

[rodskee]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

at some countries that gambling platform suspend especially from muslim countries , of course it will be serious problem , by regulation their position become more weaker. government and another stake holder that rellated with gambling statue will directly cut all access to this site. but for countries that allowed gambling platform , by this regulation they will parallely adopt bitcoin and also have legal standing.

but it is understandable though we also knew that not all of their people truly follows the suspension instead they are doing other ways just to gamble so meaning regulating is not 100% implemented.
but indeed that regulating some projects will add flavor to the strictness of each government and business owner needs to comply or at least deal with this closely .
as also we knew that there are lots of abuse from gambling businesses  nowadays.

[_act_]

The thing is, people with ill intention of hiding their money and get away from their financial obligation to government use crypto platform to launder money.  They use the guise of decentralization and influence others to make believe that it is the right of a citizen to evade taxes  .

How did you know this? Any provable way or stat you read about this? With KYC, people still launders money, with banks people still launders money too. Before bitcoin and other cryptos are created, there has been money laundering.

True, if we are worried about our information getting leaked, we must choose reputable casinos and comply to whatever requirements they need in order for us to use their services.

A reputable casinos or sites do not guarantee that the KYC that you provided them will not leak, do not let us think like that. But you are not wrong too, a reputable casino will protect KYC than other ones. Some casinos can even be for scammers and use KYC illegally, we must be careful while choosing casino.

[Unsoldier]

Physical casinos have been regulated by states for a long time. Therefore, crypto casinos need to be regulated too. I think there is nothing wrong with that. All crypto casinos will adjust to the new laws and it will have little effect on their profits.

[Solosanz]

at some countries that gambling platform suspend especially from muslim countries , of course it will be serious problem , by regulation their position become more weaker. government and another stake holder that rellated with gambling statue will directly cut all access to this site. but for countries that allowed gambling platform , by this regulation they will parallely adopt bitcoin and also have legal standing.

Well if Eastern countries are prohibited gambling at all, the casino just need to avoid to serve on Eastern countries only. Why in the hell Eastern countries want to gamble? are they not scared if the government trace them and put them on the jail since they broke the laws? it's inevitable since you're using a centralized server of your internet provider. I'd say even though there's will be few people from Eastern countries are gamblers, they're not contribute much money for the casino.

[gunhell16]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

In my opinion, the casinos today that have licenses to operate legally are the crypto gambling ones that ask for KYCs from their client users who often play on their online gambling platform, which is often the majority of gamblers. they don't agree with this system, so even so they can't do anything but follow it because they have invested funds in it.

So I just want to ask, what was the issue with the ROOBET project? I'm just not updated on this matter that's why I asked. In addition to this, there are still, as far as I know, gambling casinos that operate without a license and the risk of entering it and making money in this type of online casino is quite high.

[Finestream]

just to be clear when you say "gambling project" you mean gambling casinos, right?

I don't know about "years from now" since, as far as I know, all casinos that have a license are already regulated, that includes Roobet.com and other casinos that have a license. are you perhaps talking about stricter regulations that gambling sites will have to follow? anyway, if you are thinking of gambling casinos will be affected by stricter regulation, yes, they will, but I don't the effect will necessarily be a bad thing.

AFAIK, regulations are made to improve the service of the casinos and of course to strengthen the security of the gamblers. So if those casinos have their hidden agendas towards their players, most likely their games are rigged or whatsoever, then they will surely be affected by those strict rules and regulations imposed by the government. However, for most of the reputable casinos that are strictly following the rules, I don’t think they’ll be affected by it as it could mean they will build more trust from the gamblers themselves.

[Fivestar4everMVP]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?
I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.

The thing is, people with ill intention of hiding their money and get away from their financial obligation to government use crypto platform to launder money.  They use the guise of decentralization and influence others to make believe that it is the right of a citizen to evade taxes  .

You are absolutely correct bud, this is one of the reasons why I don't give much attention to peeps who complain about casinos requesting kyc verification, though most of this peeps won't tell you they are trying to evade tax by not passing kyc, but when we deeply look into their reasons for not wanting to submit their documents for verification, it's easy to discover that tax evasion is one of them.

True, if we are worried about our information getting leaked, we must choose reputable casinos and comply to whatever requirements they need in order for us to use their services.

Exactly my point, it was and is never mandatory to jump from one casino to the other, if a user hates giving his or her documents to casinos for verification, then just choose one or two that is reputable and stick to them and their service, rather than being a user of multiple casinos and complain when they ask for kyc verification before they allow the user to withdraw his or her huge winnings.

[LUCKMCFLY]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

at some countries that gambling platform suspend especially from muslim countries , of course it will be serious problem , by regulation their position become more weaker. government and another stake holder that rellated with gambling statue will directly cut all access to this site. but for countries that allowed gambling platform , by this regulation they will parallely adopt bitcoin and also have legal standing.

but it is understandable though we also knew that not all of their people truly follows the suspension instead they are doing other ways just to gamble so meaning regulating is not 100% implemented.
but indeed that regulating some projects will add flavor to the strictness of each government and business owner needs to comply or at least deal with this closely .
as also we knew that there are lots of abuse from gambling businesses  nowadays.

Well there is something that not everyone manages, and that is that the regulations are generally always in favor of making some kind of agreement with the government in power, it is nothing more, the business model is there and wants to develop, but the governments in part they understand and want to be proposed, others do not want anything because they want to be the only ones to always have control and those are the governments that are wrong, that is something and a behavior that is always seen, it cannot be avoided, for example Of course it's Venezuela, it's a country that always has its government with its hand in everything, and I think that people have already got used to it, and there you can't do anything else but make deals with them first, because that's the only way so that they can enter well.

just to be clear when you say "gambling project" you mean gambling casinos, right?

I don't know about "years from now" since, as far as I know, all casinos that have a license are already regulated, that includes Roobet.com and other casinos that have a license. are you perhaps talking about stricter regulations that gambling sites will have to follow? anyway, if you are thinking of gambling casinos will be affected by stricter regulation, yes, they will, but I don't the effect will necessarily be a bad thing.

AFAIK, regulations are made to improve the service of the casinos and of course to strengthen the security of the gamblers. So if those casinos have their hidden agendas towards their players, most likely their games are rigged or whatsoever, then they will surely be affected by those strict rules and regulations imposed by the government. However, for most of the reputable casinos that are strictly following the rules, I don’t think they’ll be affected by it as it could mean they will build more trust from the gamblers themselves.

Well that is why the casinos that are more reliable and reputable are the ones that we should always have faith that when they ask for KYC it is for something related to security, there are new casinos that require KYC, and well they may be authentic casinos, but that does to think that one is just getting to know the casino and that it may or may not lend itself to rigged games or something, I am not one to think badly about a casino, but you always have to be careful, most new casinos do not know how much effort they have made to be able to launch them, and they just want to have everything under the regulation that is required of them, in the same way you have to be careful and very preventive.

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?
I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.

The thing is, people with ill intention of hiding their money and get away from their financial obligation to government use crypto platform to launder money.  They use the guise of decentralization and influence others to make believe that it is the right of a citizen to evade taxes  .

You are absolutely correct bud, this is one of the reasons why I don't give much attention to peeps who complain about casinos requesting kyc verification, though most of this peeps won't tell you they are trying to evade tax by not passing kyc, but when we deeply look into their reasons for not wanting to submit their documents for verification, it's easy to discover that tax evasion is one of them.

True, if we are worried about our information getting leaked, we must choose reputable casinos and comply to whatever requirements they need in order for us to use their services.

Exactly my point, it was and is never mandatory to jump from one casino to the other, if a user hates giving his or her documents to casinos for verification, then just choose one or two that is reputable and stick to them and their service, rather than being a user of multiple casinos and complain when they ask for kyc verification before they allow the user to withdraw his or her huge winnings.

Well, I think that this is a very common practice, I have seen that in many countries they try to do the same practice, I cannot see that in the country that I live in, which is a country that is full of many corrupt politicians that I accept that people want to evade taxes and they achieve it, even accountants know how to do it, but they do it because of the theft that governments do to people and how bad they can do and have.

This practice is not good, evading taxes does not seem like a good thing to me, the corresponding requirements must be met, on the other hand, in crypto they should not even demand taxes, but hey, that's another topic.

[Coin_trader]

just to be clear when you say "gambling project" you mean gambling casinos, right?

I don't know about "years from now" since, as far as I know, all casinos that have a license are already regulated, that includes Roobet.com and other casinos that have a license. are you perhaps talking about stricter regulations that gambling sites will have to follow? anyway, if you are thinking of gambling casinos will be affected by stricter regulation, yes, they will, but I don't the effect will necessarily be a bad thing.

AFAIK, regulations are made to improve the service of the casinos and of course to strengthen the security of the gamblers. So if those casinos have their hidden agendas towards their players, most likely their games are rigged or whatsoever, then they will surely be affected by those strict rules and regulations imposed by the government. However, for most of the reputable casinos that are strictly following the rules, I don’t think they’ll be affected by it as it could mean they will build more trust from the gamblers themselves.

To be clear. Regulations is imposed so that casino and its consumers will surely following the law while operating and playing in the casino. This includes making sure that customers is not doing money laundering and at the same time to make sure that casino doing a fair service that safe for its consumer. Also tax is the number one agenda for this regulation. Regulators just want to make sure that no one is using the casino to dodge taxes that illegally operating on certain country which there license has no power on that country jurisdiction.

Regulation has a very wide range of purpose and benefit but they are just imposed to protect consumers and make that casino is paying taxes properly.

[FatFork]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I personally do not see crypto regulation affecting gambling sites or online casinos in any way, I compare crypto casinos to crypto exchanges, if regulations will not make crypto exchanges to go out of business, then why would it be different for gambling sites?
I am talking about the reputable ones and not those waiting to scam their users...
All that there is to this is to make sure to choose a reputable online casino(s) and never bother or disturb yourself of what might happen to your funds when regulation hits the crypto industry.

The thing is, people with ill intention of hiding their money and get away from their financial obligation to government use crypto platform to launder money.  They use the guise of decentralization and influence others to make believe that it is the right of a citizen to evade taxes  .

You are absolutely correct bud, this is one of the reasons why I don't give much attention to peeps who complain about casinos requesting kyc verification, though most of this peeps won't tell you they are trying to evade tax by not passing kyc, but when we deeply look into their reasons for not wanting to submit their documents for verification, it's easy to discover that tax evasion is one of them.

Tax evasion? Maybe. But I still believe that majority of people don't like KYC/AML in crypto casinos because they simply don't trust them with their personal data and they worry about their privacy in the first place. Hardly anyone likes to give information about him/herself to online services. And even less people trust their data is safe with an online casino an exchange. And there's nothing wrong with that. We all want our privacy to be protected. From a legal standpoint, KYC/AML laws are supposed to be beneficial for customers and businesses. But as we have seen in the cryptocurrency world the question of privacy tends to be quite divisive. Some people say that KYC is essential for preventing fraud and crime in the space, while others believe that it only serves to discourage businesses and drive out the legitimate users.

True, if we are worried about our information getting leaked, we must choose reputable casinos and comply to whatever requirements they need in order for us to use their services.

Exactly my point, it was and is never mandatory to jump from one casino to the other, if a user hates giving his or her documents to casinos for verification, then just choose one or two that is reputable and stick to them and their service, rather than being a user of multiple casinos and complain when they ask for kyc verification before they allow the user to withdraw his or her huge winnings.

I definitely agree. When we talk about reputable companies, I think that they constantly update their security systems and make them more secure. They do this because when people have faith in your brand, they're more likely to trust you with their personal data. The more secure your systems are, the less likely it is for someone to hack them and steal information. As you pointed out, being a user of multiple casinos is risky because each one has a different level of security and the risk of leaking your data is significantly higher when you transact with multiple operators.

[Slow death]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others?

no doubt that crypto casinos will be forced to have licenses from credible countries and will have to be inspected and will no longer be anonymous, and this problem of a crypto casino scamming and then getting away with impunity will no longer happen often and the casino owner will be arrested when stealing people's money that's because the license will only be given after the casino fulfills many things like having the company headquarters, giving name and real address of the casino owner, they will pay tax and the government will force the casino to create guarantee fund in case cases of theft are detected at the casino, it will be dark times for casino owners.

I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

this project that says it is regulated is lying, but if it is in one of those countries like El Salvador where they legalized bitcoin, then it would be possible to be regulated and of course the regulation affects the gambling market that accepts cryptocurrencies, and that is inevitable what happens, just see that only with the implementation of KYC has already changed a lot, imagine then when they pass laws it will be worse

[aioc]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

If there's demand for gambling regulation that is because of players' protection and from scammers and money launderers conniving with casinos, so far there is no need right now because casinos are regulating themselves because they don't want to have bad feedback because bad feedbacks are what will make clients lose their profits, but we never know in the future, the authorities have managed to regulate some part of the Cryptocurrency industry, we never know if they will next target the Cryptocurrency casino.

[velzevul11]

Good or bad, there is a clear trend where the crypto casino industry is going. Casinos will continuously withdraw from an increasing number of jurisdictions that are strengthening their regulations. Licensing hubs with relaxed regulations will aim to strengthen regulations and that means ubiquitous KYC. Those casinos that will try to operate even without Curacao license ( cause Curacao will strengthen their regulations), will be losing quality game content and eventually, all tier 1 games will be removed from those sites. There are still likely to be big enough markets that will have a massive lag in regulation adoption and enforcement (India could be an example), so there will be some market. Big online casino operators will either diminish or shift towards FIAT regulated markets. Small ones will disappear or run on quite poor games mix, barely surviving, pure hit-and-run business.

It won't happen tomorrow, but maybe a year or maybe three, who knows... But not much longer than that

[paxmao]

With regulation you can play in different ways from the business perspective. You may choose to be fully compliant with most jurisdictions in which case you will have extra costs, your clients extra KYC and problems but overall you are quite safe from the legal point, however there is nothing preventing anyone from using a more open jurisdiction, at the risk of having problems with some authorities.

[electronicash]

crypto regulators is taking their time in passing a bill to put an end for the confusion of regulations. the regulators have been looking into crypto for a long time but have not really come up a final. and there are more government agencies now interested in regulating from SEC, FATF and then there is also IMF who suggested each country will have their own regulations.  this will take years while crypto companies are stealing funds from users like the casinos.

[Awaklara]

Physical casinos have been regulated by states for a long time. Therefore, crypto casinos need to be regulated too. I think there is nothing wrong with that. All crypto casinos will adjust to the new laws and it will have little effect on their profits.

it also means that the country has enacted regulations for the use and status of crypto in its country. it would be really funny if a country that doesn't regulate crypto suddenly enacted regulations for crypto casinos.
Thinking of taking tax money from a crypto casino that does have a sizable amount of finance.

now we have seen some big countries have also enacted regulations on crypto assets. whether it legalizes or becomes a risky asset. we can see the attitude of some countries toward the development of crypto assets. regulated crypto casino I think is pretty good.

[rodskee]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

If there's demand for gambling regulation that is because of players' protection and from scammers and money launderers conniving with casinos, so far there is no need right now because casinos are regulating themselves because they don't want to have bad feedback because bad feedbacks are what will make clients lose their profits, but we never know in the future, the authorities have managed to regulate some part of the Cryptocurrency industry, we never know if they will next target the Cryptocurrency casino.

but this is not about casinos regulating their but the government regulating them , in which maybe reasonable nowadays as we knew how money making happens in gambling world and yes this brings more profit from the team while players are suffering so taking some amount from their profit is not a bad Idea from the  government so i agree in this initiative if will be implemented correctly.

[Poker Player]

it also means that the country has enacted regulations for the use and status of crypto in its country. it would be really funny if a country that doesn't regulate crypto suddenly enacted regulations for crypto casinos.

I wouldn't see it as funny if they don't have a regulation on cryptocurrencies but one on gambling in general and/or online gambling.

Upcoming regulations on the subject are sure to affect the sector. If they are European style, what they will do is screw the business in exchange for the states being able to collect far less taxes than they could collect without screwing it up. With the regulation of fiat gambling it already happened, as in many European countries barriers were put in place only allowing national sites, where only people from the same country could gamble, thus compartmentalizing the market and screwing up the business.

[fathafraink]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I think the online gambling site actually doesn't want regulation of their online gambling site. However, regulation of them is inevitable. So they have to obey the rules that they have to follow from the regulators. Because I'm sure the site also feels this will reduce the sense of comfort for players on the website. If anyone wants to ask why there should be a regulation on the site, then the answer is "coffers of money".

[Cryptomiles1]

Does it mean if the main head office where gambling site is located is already regulated and it happens that my country does not regulates such gambling site does it mean i can't get access to site or what?
please throw more light to me. Because what i m trying to sense is that if the head office where the site is located does not regulated gamble or pay tax it might probably affected sub branches or limited to other countries.

[ethereumhunter]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

If there's demand for gambling regulation that is because of players' protection and from scammers and money launderers conniving with casinos, so far there is no need right now because casinos are regulating themselves because they don't want to have bad feedback because bad feedbacks are what will make clients lose their profits, but we never know in the future, the authorities have managed to regulate some part of the Cryptocurrency industry, we never know if they will next target the Cryptocurrency casino.

but this is not about casinos regulating their but the government regulating them , in which maybe reasonable nowadays as we knew how money making happens in gambling world and yes this brings more profit from the team while players are suffering so taking some amount from their profit is not a bad Idea from the  government so i agree in this initiative if will be implemented correctly.

Casinos that follow the rules of the government will surely face regulatory problems in their place and make the players feel uncomfortable playing at the casino. But the casino also can not do anything because of these rules and maybe from the casino, there will be a separate policy for its members. And now, casinos may have implemented those regulations by requiring players to comply with the new rules. And if players still feel uncomfortable, they will look for other casino sites that are not too strict in carrying out these rules.

[danadc]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

If there's demand for gambling regulation that is because of players' protection and from scammers and money launderers conniving with casinos, so far there is no need right now because casinos are regulating themselves because they don't want to have bad feedback because bad feedbacks are what will make clients lose their profits, but we never know in the future, the authorities have managed to regulate some part of the Cryptocurrency industry, we never know if they will next target the Cryptocurrency casino.

but this is not about casinos regulating their but the government regulating them , in which maybe reasonable nowadays as we knew how money making happens in gambling world and yes this brings more profit from the team while players are suffering so taking some amount from their profit is not a bad Idea from the  government so i agree in this initiative if will be implemented correctly.

Casinos that follow the rules of the government will surely face regulatory problems in their place and make the players feel uncomfortable playing at the casino. But the casino also can not do anything because of these rules and maybe from the casino, there will be a separate policy for its members. And now, casinos may have implemented those regulations by requiring players to comply with the new rules. And if players still feel uncomfortable, they will look for other casino sites that are not too strict in carrying out these rules.

As time goes by, casinos will go looking for a way to survive, and if they know that they have to be at the mercy of a government in order to survive, they will do so, and they can make all kinds of agreements, whether public or private, but this has What will you see with the profit of money, because if both can benefit they will do very lucrative businesses that everything can indicate that they have to do great things and thus they let the casinos work, if a casino turns against a government, what will it achieve it is that they disintegrate them, they do not give permission and they have to look for other countries, and leave those sides where there is a lot of demand for solo players.

[abel1337]

-snip

-snip

but this is not about casinos regulating their but the government regulating them , in which maybe reasonable nowadays as we knew how money making happens in gambling world and yes this brings more profit from the team while players are suffering so taking some amount from their profit is not a bad Idea from the  government so i agree in this initiative if will be implemented correctly.

Casinos that follow the rules of the government will surely face regulatory problems in their place and make the players feel uncomfortable playing at the casino. But the casino also can not do anything because of these rules and maybe from the casino, there will be a separate policy for its members. And now, casinos may have implemented those regulations by requiring players to comply with the new rules. And if players still feel uncomfortable, they will look for other casino sites that are not too strict in carrying out these rules.

As time goes by, casinos will go looking for a way to survive, and if they know that they have to be at the mercy of a government in order to survive, they will do so, and they can make all kinds of agreements, whether public or private, but this has What will you see with the profit of money, because if both can benefit they will do very lucrative businesses that everything can indicate that they have to do great things and thus they let the casinos work, if a casino turns against a government, what will it achieve it is that they disintegrate them, they do not give permission and they have to look for other countries, and leave those sides where there is a lot of demand for solo players.

Once they comply, it means they accepted the fact that they will face some regulatory demands from the government. Reputable and big casinos now are regulated and there's a possibility that it could be a new normal for gamblers to do KYC and stuffs because of those regulations. Next generation casino could follow to these government regulations in the future since most casino now is regulated. Government could easily put them up into a bad spot if a casino refused to comply so yeah casinos are driven into a corner once they are being targeted by the government and forcing them up to be comply to their rules.

[agustina2]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I think those popular gambling sites here are already regulated. To make their business even more legit, complying with the regulation is a must.

Actually, as a user, we can't really feel much of this regulation except for the KYC part. But we don't have to worry as in most cases, KYC is just for big whales. That might be annoying for these big players but for us average players, nothing to worry about as long as we are not doing something unusual.

[DoublerHunter]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I think those popular gambling sites here are already regulated. To make their business even more legit, complying with the regulation is a must.

Actually, as a user, we can't really feel much of this regulation except for the KYC part. But we don't have to worry as in most cases, KYC is just for big whales. That might be annoying for these big players but for us average players, nothing to worry about as long as we are not doing something unusual.

^ The bolded line above was the most reason why gambling casino has started accepting KYC because more regulation means there is the legitimacy of the business. This is what I am talking about from my first reply on this thread, even though the gambling industry did not want this KYC process but since they are regulated in which jurisdiction they follow, they are oblique to conduct KYC to combat illegal activities as the government does and I think they are not alone with this, any related financial company or services should be done KYC to avoid such negative activities.

[Wiwo]

Ops you should ask yourself these simple questions, why do gambling sites ask for KYC what are the taxes paid by casinos, and how effective has government involvement been in gambling?
The answers to this question are simple and readily available with data on the web just a simple search will open you up to a.wide range of information that will enlighten you more.

[lionheart78]

Does it mean if the main head office where gambling site is located is already regulated and it happens that my country does not regulates such gambling site does it mean i can't get access to site or what?

Banning and regulating is two different action.  If the government does not regulate the online casino and  does not ban it, anyone from that country can access the gambling site.  If the government regulates and ban the online casino but does not order its country's internet provider to block the gambling site then everyone can still access it.  But if the government give a decree asking all the country's internet provider to block the ISP then the gambling site cannot be accessed by ordinary means of connection.  It can be accessed through some ISP bypassing applications such as TOR and VPN.

please throw more light to me. Because what i m trying to sense is that if the head office where the site is located does not regulated gamble or pay tax it might probably affected sub branches or limited to other countries.

The gambling company needs a license to operate, if they don't have that then they are subject to shutdown if the government started to regulate online gambling.

[Johnyz]

Ops you should ask yourself these simple questions, why do gambling sites ask for KYC what are the taxes paid by casinos, and how effective has government involvement been in gambling?
The answers to this question are simple and readily available with data on the web just a simple search will open you up to a.wide range of information that will enlighten you more.

He might want to hear our opinion with this and it’s fine.
Regulations will affect cryptomarket, it’s already started with gambling site since some of them already asking for a KYC and some gambler as well experienced already and being investigated with regards to their money and source of income. The regulations becomes more strict everyday, I can’t imagine the next restriction once we are able to attract many gamblers, mass adoption surely change the regulations and be forced to implement a maximum regulations.

[ethereumhunter]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

If there's demand for gambling regulation that is because of players' protection and from scammers and money launderers conniving with casinos, so far there is no need right now because casinos are regulating themselves because they don't want to have bad feedback because bad feedbacks are what will make clients lose their profits, but we never know in the future, the authorities have managed to regulate some part of the Cryptocurrency industry, we never know if they will next target the Cryptocurrency casino.

but this is not about casinos regulating their but the government regulating them , in which maybe reasonable nowadays as we knew how money making happens in gambling world and yes this brings more profit from the team while players are suffering so taking some amount from their profit is not a bad Idea from the  government so i agree in this initiative if will be implemented correctly.

Casinos that follow the rules of the government will surely face regulatory problems in their place and make the players feel uncomfortable playing at the casino. But the casino also can not do anything because of these rules and maybe from the casino, there will be a separate policy for its members. And now, casinos may have implemented those regulations by requiring players to comply with the new rules. And if players still feel uncomfortable, they will look for other casino sites that are not too strict in carrying out these rules.

As time goes by, casinos will go looking for a way to survive, and if they know that they have to be at the mercy of a government in order to survive, they will do so, and they can make all kinds of agreements, whether public or private, but this has What will you see with the profit of money, because if both can benefit they will do very lucrative businesses that everything can indicate that they have to do great things and thus they let the casinos work, if a casino turns against a government, what will it achieve it is that they disintegrate them, they do not give permission and they have to look for other countries, and leave those sides where there is a lot of demand for solo players.

That means the casino must always follow the government's will and cannot refuse it because if they do, the casino cannot run its business properly. The government also tries to control the casinos with all its regulations and can use its powers if they don't comply. And even though both of them have agreed to follow the agreement, the casino is still at a disadvantage due to government regulations. This puts the casino in the middle between the government and the casino users. But as long as the casinos can comply with the government, their business will run well and maybe the government will also help them in the future.

[iv4n]

Actually, as a user, we can't really feel much of this regulation except for the KYC part. But we don't have to worry as in most cases, KYC is just for big whales. That might be annoying for these big players but for us average players, nothing to worry about as long as we are not doing something unusual.

The problem is we don't really know how these gambling websites handle our private informations because even if we don't do anything suspicious, they can still be use on illegal activities once it's in the hand of criminals. Even if they are reputable in this forum, we can't guarantee that our credentials are safe. Do we know if their database of our information is safe from hackers? Are our information not being sold yet on the black market? Things like these are what scares many people about this gambling regulation.

That's actually the reason why most gamblers doubt and fear the KYC. One of the reasons why gamblers would want to avoid KYC is to protect their personal data and information but if we really want to continue our gambling journey, we still have no choice but to comply with it. We have to take the risk if we want to continue playing. The best thing that we can do is just to trust a reputable casino site of our choice will protect our personal information.

There are enough reasons for doubt in KYC, and that doubt started before crypto... Crypto can/could solve that, but some people still think that governments are creating regulations "for our sake". I am not sure how many crypto casinos have accusations (proven or not) of doing suspicious stuff with player's info, but there's a nice list of data breaches around the world: List of data breaches! As we can see these things simply happen, even with the biggest names... poor security, hacks, lost or stolen media, and even "accidental publishing"! So KYC is simply not good... nobody can give any guarantee that your info will stay safe, in crypto or anywhere else!

[uneng]

Actually, as a user, we can't really feel much of this regulation except for the KYC part. But we don't have to worry as in most cases, KYC is just for big whales. That might be annoying for these big players but for us average players, nothing to worry about as long as we are not doing something unusual.

The problem is we don't really know how these gambling websites handle our private informations because even if we don't do anything suspicious, they can still be use on illegal activities once it's in the hand of criminals. Even if they are reputable in this forum, we can't guarantee that our credentials are safe. Do we know if their database of our information is safe from hackers? Are our information not being sold yet on the black market? Things like these are what scares many people about this gambling regulation.

Nothing connected to the internet is safe from hackers. Data can be leaked without any doubts, but in casinos' defense, I must say it is not an exclusive issue with them.

Even your government can leak your data through a malicious employee who have access to it and want to make some dirty money or through a common hacking attempt, depending the security level of your institutions.

Anyway, I don't bother with this issue very much. If someone is using my documents for criminal purposes, it is going to be investigated by authorities and they will find I have nothing to do with this, finally reaching to the guilty criminals after all. There isn't perfect crime, and someone using others' identities to practice their scam schemes is only buying time, what doesn't prevent them from inevitably being caught after a while.

[dothebeats]

I think those popular gambling sites here are already regulated. To make their business even more legit, complying with the regulation is a must.

Actually, as a user, we can't really feel much of this regulation except for the KYC part. But we don't have to worry as in most cases, KYC is just for big whales. That might be annoying for these big players but for us average players, nothing to worry about as long as we are not doing something unusual.

Only ever did KYC once on a casino, and it's mostly just basic info about me that will not be dangerous to give. I agree that most of the step two or three of KYC are reserved for the winners and the deep pockets, both of which most of us do not belong to. It may be the government's way of legalizing things on the gambling industry and keeping everything in check to prevent money laundering and other sorts of nefarious stuff from happening. Though of course these platforms that handle our data should also keep it safe from shady entities, and the gov't should impose a regulation regarding data privacy and safety, too.

[bocyaj]

Due to no regulation for the gambling sites,many fake gambling sites was origin in many countries with a legal Statement to the government.They start the sites without any license,it mean the transaction made by such fake gambling sites are not a monitor able one.People should need to check the gambling website license,even it allow you to play with out kyc .And allow no limit to deposit and withdraw of funds.Regulation of gambling website is essential one for sure.

[noormcs5]

Ops you should ask yourself these simple questions, why do gambling sites ask for KYC what are the taxes paid by casinos, and how effective has government involvement been in gambling?

Gambling sites enforce KYC as they do not want that their platform to be used for some illegal's activities mainly related to money laundering.
However, in most part of the world gambling is not regulated and most of the regulations are for physical casinos. I don't think online casinos pay taxes to the government except for a few ones.

Online gambling casino is a highly unregulated businesses and the government should make laws to enforce complaints about these casinos. Once the casinos are recognized by the governments, it will be very difficult for that casino to scam people. So it is in the interest of gambling houses and gamblers to get these casinos regulated.

[Peanutswar]

Ops you should ask yourself these simple questions, why do gambling sites ask for KYC what are the taxes paid by casinos, and how effective has government involvement been in gambling?

Gambling sites enforce KYC as they do not want that their platform to be used for some illegal's activities mainly related to money laundering.
However, in most part of the world gambling is not regulated and most of the regulations are for physical casinos. I don't think online casinos pay taxes to the government except for a few ones.

Online gambling casino is a highly unregulated businesses and the government should make laws to enforce complaints about these casinos. Once the casinos are recognized by the governments, it will be very difficult for that casino to scam people. So it is in the interest of gambling houses and gamblers to get these casinos regulated.

That's why it is better to play in just relatable and trusted gambling websites because KYC is a very important thing you could give to the different platform each information indicated in your ID can be used as identity theft as well with your face because of the technology today it is easier to commit a crime in the digital world. KYC requests most often if the casino sees something suspicious with your account activity

[bitterguy28]

Due to no regulation for the gambling sites,many fake gambling sites was origin in many countries with a legal Statement to the government.They start the sites without any license,it mean the transaction made by such fake gambling sites are not a monitor able one.People should need to check the gambling website license,even it allow you to play with out kyc .And allow no limit to deposit and withdraw of funds.Regulation of gambling website is essential one for sure.

actually what i can see in this? is those sites that tend to be scamming are just created by one person or team? this is why they completely knew about the ins and outs because they have been doing this for long time now and they need no Big capital just to operate and victimize then just drop the site to create new one?
this is how bad the non regulated gambling in online so maybe it is time now that each projects in gambling must be regulated.

[TimeTeller]

Due to no regulation for the gambling sites,many fake gambling sites was origin in many countries with a legal Statement to the government.They start the sites without any license,it mean the transaction made by such fake gambling sites are not a monitor able one.People should need to check the gambling website license,even it allow you to play with out kyc .And allow no limit to deposit and withdraw of funds.Regulation of gambling website is essential one for sure.

actually what i can see in this? is those sites that tend to be scamming are just created by one person or team? this is why they completely knew about the ins and outs because they have been doing this for long time now and they need no Big capital just to operate and victimize then just drop the site to create new one?
this is how bad the non regulated gambling in online so maybe it is time now that each projects in gambling must be regulated.

This is why if a gambler found this forum - and lurk around here in the gambling boards, he will at least avoid scam casinos.
That is if he will roam around the discussion threads and the gambling thread itself of the casino.
He will get the idea of how the casinos or bookies are operating their business, and as much as possible prevent himself from playing with existing complaints.
A casino may be regulated but it won't stop them from screwing up the player if they can find a loophole in the system.
But if the site can be found here, and has good reputation, being scammed would not be your problem.

[BobK71]

Due to no regulation for the gambling sites,many fake gambling sites was origin in many countries with a legal Statement to the government.They start the sites without any license,it mean the transaction made by such fake gambling sites are not a monitor able one.People should need to check the gambling website license,even it allow you to play with out kyc .And allow no limit to deposit and withdraw of funds.Regulation of gambling website is essential one for sure.

actually what i can see in this? is those sites that tend to be scamming are just created by one person or team? this is why they completely knew about the ins and outs because they have been doing this for long time now and they need no Big capital just to operate and victimize then just drop the site to create new one?
this is how bad the non regulated gambling in online so maybe it is time now that each projects in gambling must be regulated.

This is why if a gambler found this forum - and lurk around here in the gambling boards, he will at least avoid scam casinos.
That is if he will roam around the discussion threads and the gambling thread itself of the casino.

Gamblers or non-gamblers who are active on these forums and regularly know about the various sites will generally can assume about scam sites. Because they are able to get direct knowledge of active sites. Moreover, when the ANN thread is opened in the forum, a user gets enough support for the particular site. Anyone can get various information about any site which is not possible except out side of the forum. So I think this forum plays a very important role to know a casino.

[_act_]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

Yes, regulation is not a problem at all, crypto just helped more in payment. Making payment, both deposit and withdraw faster which is one of the reasons I prefer to use crypto for gambling.

But on the other hand, some people are gambling from where gambling is not legal, such people may want to bet using foreign sites and prefer no KYC, but I won't advice such because it is already stated on most of the gambling sites ToS that people from some named countries and places are not allowed to gamble on their site.

There is no problem that regulation poses, it is for AML and some other good reasons.

[Slow death]

Physical casinos have been regulated by states for a long time. Therefore, crypto casinos need to be regulated too. I think there is nothing wrong with that. All crypto casinos will adjust to the new laws and it will have little effect on their profits.

it also means that the country has enacted regulations for the use and status of crypto in its country. it would be really funny if a country that doesn't regulate crypto suddenly enacted regulations for crypto casinos.
Thinking of taking tax money from a crypto casino that does have a sizable amount of finance.

now we have seen some big countries have also enacted regulations on crypto assets. whether it legalizes or becomes a risky asset. we can see the attitude of some countries toward the development of crypto assets. regulated crypto casino I think is pretty good.

I believe that governments first need to create clear laws on cryptocurrencies and after they have created clear laws on cryptocurrencies they can pass laws on crypto casinos. to this day crypto casinos are licensed by curacao because they are less strict and have other advantages, but curacao does not inspect and much less interfere when someone is scammed at the casino, so with clear laws about cryptocurrencies in the future and clear laws about crypto casinos I believe that the governments of each country will issue more lenient licenses but with many conditions that casinos will have to fulfill and one of those conditions will undoubtedly be that casino owners will not be able to be anonymous, they will probably ask them to have some real physical address, probably governments have asked casinos to pay taxes and forced them to show how people's documents will be safe. there will be times when if a casino steals money from a customer then the casino owner is risking arrest

[EarnOnVictor]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I hardly take the gambling regulation serious, I had bad experiences with such. Some may only be registered but would be claiming they are regulated, while some would not even be registered and regulated, but would be claiming otherwise. Even those that are duly regulated shouldn't be taken seriously unless you are sure that the regulator in their domicile countries is strict enough to be trusted.

A lot is happening online, one should be very careful, which is why many casino sites would try to avoid strict regulations.

[Yamifoud]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

That will certainly affect gambling and that only happens if strictly implemented by the authorities. But guess what, this will increase illegal gambling on the other side and this make hard to control once it started. I'd see a lot of gambling projects will tend to stop or collapse but this is not even good to look at as this will also stop people from working there.

It has a positive outcome but also it creates more on the negative side.

[Awaklara]

there will be times when if a casino steals money from a customer then the casino owner is risking arrest

the more cryptocurrency-based business sectors, I think the closer we get to see it happen. crypto casinos licensed by every government will be more controlled. so casinos that do not qualify for a license will be blocked by the government. if accessing it with a VPN was possible, I think the risk of the casino taking money from players would be something negligible.

Of course, there are pros and cons in this regard regarding the anonymity of the owners and players at the casino. of course, this can only be applied in countries that do implement gambling as a legal game.

[velzevul11]

there will be times when if a casino steals money from a customer then the casino owner is risking arrest

the more cryptocurrency-based business sectors, I think the closer we get to see it happen. crypto casinos licensed by every government will be more controlled. so casinos that do not qualify for a license will be blocked by the government. if accessing it with a VPN was possible, I think the risk of the casino taking money from players would be something negligible.

Of course, there are pros and cons in this regard regarding the anonymity of the owners and players at the casino. of course, this can only be applied in countries that do implement gambling as a legal game.

Something to remember though... if a local government regulates both crypto and gambling locally they will pose additional taxes and restrictions. For larger sums of money it will mean a source of wealth. Also, there will be taxes that are usually offset via lower odds in betting and lower RTP in slots. In many countries a part of player protection programs also severely restricts bonusing.

[qwertyup23]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

With toleration comes regulation by the government. Bearing this in mind, the government might implement some sort of taxing scheme where they could either tax your gambling winnings or the online gambling website itself. Expect these gambling websites to be more strict when it comes to KYC.

In the Philippines, our local exchange has become very stringent to the point that it asks for extra KYC documents in order to use their features. In addition, they can also lock your BTC wallet if they discover that you receive funds coming from an online gambling website.

With your question OP, expect that the TOS of these gambling websites to include certain prohibitions and regulations due to the implementation of the government of taxing laws.

[Viscore]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

It will not create a problem as long as the gambling casino is transparent and has no hidden reason on taking an advantage over their players. However, with a lot of regulations around, I guess casino operators will be more pressured and will have less chances to maximize their profits as government will always ask for their share like putting taxes on every deposit and withrawal made in the casinos.

[dunfida]

There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.

It will not create a problem as long as the gambling casino is transparent and has no hidden reason on taking an advantage over their players. However, with a lot of regulations around, I guess casino operators will be more pressured and will have less chances to maximize their profits as government will always ask for their share like putting taxes on every deposit and withrawal made in the casinos.

Whenever you do build a business then expect that taxes would really be imposed or already automatically part of it which it would really be just typical or something normal.There's no way that you could avoid taxes

specially on business which do generate huge income or making huge revenue.When it comes to laws and regulations then expect that regulated or centralized platforms will really be following some sort of rules or

guidelines so that they would really be able to continue to operate and if not then expect on what would be the violations that will be imposed or something
that they need to pay off due into that violation which is something that they dont really like for it to happen.

[khaled0111]

The casino mentioned by OP as example is actually licensed from Curaçao.
Well, some may say that a Curaçao licence doesn't mean much (especially when it comes to protecting players) but it's still a license and it gives the casino the right to operate legally and provide their services in different countries.
I don't think what you suggested will take years. It's already happening and we can notice it clearly by the enforcement of kyc on multiple casinos.

[serjent05]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

It's only the government that can regulate the system of gambling, i want to put to you that gambling can be regulated, but it's the gamblling platforms that can't fully regulates the platform, any gambling platform who claims that they are in one way to another way regulate gambling, they should give you a prove that gambling of that intend platform be regulate, the people who has the authority to control gambling is the particular country government

It is given that only the government has the authority to regulate the gambling industry since the government has the power to implement a ban or allow a gambling company in a country.  Gambling platforms may choose the follow the regulation in order for the platform to have a smooth operation or they can choose to be rouge platforms where they do not abide by the authority although they have the license to operate.

Whenever you do build a business then expect that taxes would really be imposed or already automatically part of it which it would really be just typical or something normal.There's no way that you could avoid taxes

specially on business which do generate huge income or making huge revenue.When it comes to laws and regulations then expect that regulated or centralized platforms will really be following some sort of rules or

guidelines so that they would really be able to continue to operate and if not then expect on what would be the violations that will be imposed or something
that they need to pay off due into that violation which is something that they dont really like for it to happen.

It is given that tax is required for the business in order to continue to operate.  If any business establishment failed to pay taxes, it will either be fined or shut down.  Tax is the main income of the government so obviously, they will not fail to monitor and apply regulations to it in order to maximize their income.  Unless the people behind the tax office is corrupt and let the business establishment to evade taxes in exchange of some pocket money from these establishment.

[velzevul11]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I don't think anything will happen to all these gambling platforms because of regulations. Many of these gambling platforms will stick to the regulations to stay more active so that they can keep operating and making more money at the same time paying there tasks.
Regulation does not stop bug casinos from operating rather everyone will stick to the law and abide by the rules.

It is not exactly so and will vary from country to country. Typical scenarios: either retrospective tax for operating without a license or inability to get the license. Of course some countries are more relaxed, but any country with top tier regulation will ban due to previous history or demand retrospective tax, which might be rather expensive

[ethereumhunter]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I don't think anything will happen to all these gambling platforms because of regulations. Many of these gambling platforms will stick to the regulations to stay more active so that they can keep operating and making more money at the same time paying there tasks.
Regulation does not stop bug casinos from operating rather everyone will stick to the law and abide by the rules.

It is not exactly so and will vary from country to country. Typical scenarios: either retrospective tax for operating without a license or inability to get the license. Of course some countries are more relaxed, but any country with top tier regulation will ban due to previous history or demand retrospective tax, which might be rather expensive

What is certain is that there is a possibility that all casinos are required to follow government regulations. If the casinos don't want to, the government can close their casinos easily. While the regulations may seem less stringent, the government could tighten them immediately if it sees an increase in revenue for casinos so they can get more tax revenue. Indeed regulations will not stop casinos from operating but on the contrary, casinos will tighten their rules for players, even though they say the goal is to protect players.

[velzevul11]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I don't think anything will happen to all these gambling platforms because of regulations. Many of these gambling platforms will stick to the regulations to stay more active so that they can keep operating and making more money at the same time paying there tasks.
Regulation does not stop bug casinos from operating rather everyone will stick to the law and abide by the rules.

It is not exactly so and will vary from country to country. Typical scenarios: either retrospective tax for operating without a license or inability to get the license. Of course some countries are more relaxed, but any country with top tier regulation will ban due to previous history or demand retrospective tax, which might be rather expensive

What is certain is that there is a possibility that all casinos are required to follow government regulations. If the casinos don't want to, the government can close their casinos easily. While the regulations may seem less stringent, the government could tighten them immediately if it sees an increase in revenue for casinos so they can get more tax revenue. Indeed regulations will not stop casinos from operating but on the contrary, casinos will tighten their rules for players, even though they say the goal is to protect players.

agree with some points and disagree with others sooner or later all major countries will demand compliance, that is for sure. What does it mean? mostly that casinos will be required (that is actually happening already now) to obtain a license which means going through a licensing process and depending on the review casino will be either granted or rejected the license. Casinos also can choose not to obtain a license, but that will probably lead to domain being blocked. Speaking of tightening rules for player, it depends.... some countries obviously obviously issue questionable legal frameworks, but others are pretty high quality

[Daltonik]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

But aren't all gambling platforms regulated now in accordance with the laws of the territory where they are registered, so many of them choose licensing as well as registration in the most favorable territories, so if it comes to universal regulation, then it's a matter of the distant future.

[Hamphser]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

I don't think anything will happen to all these gambling platforms because of regulations. Many of these gambling platforms will stick to the regulations to stay more active so that they can keep operating and making more money at the same time paying there tasks.
Regulation does not stop bug casinos from operating rather everyone will stick to the law and abide by the rules.

It is not exactly so and will vary from country to country. Typical scenarios: either retrospective tax for operating without a license or inability to get the license. Of course some countries are more relaxed, but any country with top tier regulation will ban due to previous history or demand retrospective tax, which might be rather expensive

What is certain is that there is a possibility that all casinos are required to follow government regulations. If the casinos don't want to, the government can close their casinos easily. While the regulations may seem less stringent, the government could tighten them immediately if it sees an increase in revenue for casinos so they can get more tax revenue. Indeed regulations will not stop casinos from operating but on the contrary, casinos will tighten their rules for players, even though they say the goal is to protect players.

Its a business and once its been regulated then expect that they would really be needing to follow some rules or laws for them to continue to operate which simply implies that they arent having much choice when

it comes to this manner.They would really be following on whats been said or else then they do know on whats next.The main who had been affected is the users but on general sense this is indeed also have its

pro's when you do deal up on a regulated company or platform on which you cant somewhat assure that everything could be traced up if ever a certain platform
do make out some shit doings.

[ethereumhunter]

agree with some points and disagree with others sooner or later all major countries will demand compliance, that is for sure. What does it mean? mostly that casinos will be required (that is actually happening already now) to obtain a license which means going through a licensing process and depending on the review casino will be either granted or rejected the license. Casinos also can choose not to obtain a license, but that will probably lead to domain being blocked. Speaking of tightening rules for player, it depends.... some countries obviously obviously issue questionable legal frameworks, but others are pretty high quality

If the government pressures a casino to make them follow all its rules, the casino will not do much and will change or modify the rules to suit the government's wishes. However, the problem here is that there are casinos that do not tell their members and that is not true because if the members somehow accidentally break it out of ignorance, this will be a complaint from the members. Furthermore, to avoid this, the casino must inform all members so that there is no misunderstanding between the casino and the members.

Its a business and once its been regulated then expect that they would really be needing to follow some rules or laws for them to continue to operate which simply implies that they arent having much choice when it comes to this manner.They would really be following on whats been said or else then they do know on whats next.The main who had been affected is the users but on general sense this is indeed also have its pro's when you do deal up on a regulated company or platform on which you cant somewhat assure that everything could be traced up if ever a certain platform do make out some shit doings.

Yes, users will feel the impact of the regulations, and some do not like the rules that are too complicated to run in that casino. However, users also cannot do much except obey the rules and if they do not want to follow those rules, they can look for other less strict casinos. Crypto users who use their cryptocurrencies to gamble will not like the regulations that are too strict and will look for other casinos to gamble and keep their details a secret.

[Blawpaw]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Regulation will come sooner or later because governments dont want to be left behind and loose the chance of getting money. Governments are only here to make our lives difficult, that is all they are worth for. Its a bit like cryptos, in the begining it was not regulated, now they running after crypto legislation as they dont want to miss on profits

[Jating]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Regulation will come sooner or later because governments dont want to be left behind and loose the chance of getting money. Governments are only here to make our lives difficult, that is all they are worth for. Its a bit like cryptos, in the begining it was not regulated, now they running after crypto legislation as they dont want to miss on profits

It's already here mate, I think it has been since 2018 if I'm not mistaken. It was just evident in the last couple of years. It started when regulators look for crypto exchanges and then mandated they to have KYC/AML.

And then it followed by crypto based online casino. It's that some of them are still very adamant to apply it to their users because they know there will be an uproar. Nevertheless they will have to follow what the regulators are mandated so definitely it will have to happen sooner than later.

[Blawpaw]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Regulation will come sooner or later because governments dont want to be left behind and loose the chance of getting money. Governments are only here to make our lives difficult, that is all they are worth for. Its a bit like cryptos, in the begining it was not regulated, now they running after crypto legislation as they dont want to miss on profits

It's already here mate, I think it has been since 2018 if I'm not mistaken. It was just evident in the last couple of years. It started when regulators look for crypto exchanges and then mandated they to have KYC/AML.

And then it followed by crypto based online casino. It's that some of them are still very adamant to apply it to their users because they know there will be an uproar. Nevertheless they will have to follow what the regulators are mandated so definitely it will have to happen sooner than later.

Yeah, its already here, but for instance, I live in Portugal, and regulation here is still in a deadlock. They have already something built that will be under way next year perhaps. Menahwhile, we are already demanded to KYC our crypto accounts but things are still being discussed. In general, Portugal will adopt European Legislation criteria.

[Reid]

Crypto Exchange also had the same problem before in countries where their base is. But look at them now, they are still growing in numbers.
Crypto Gambling sites will end up the same way. As long as they have the papers to tell they are legal/paying taxes then they don't have to be afraid of anything.

If none is showed, then that's where the problem begins but I doubt they are incapable to iron things out. They have the money and it's easy to do lots of things as long as you can pay.

[famososMuertos]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

OP is a pity to see his little interactivity with the thread, like two others that you have created in this section of games, in fact we could include the topic of KYC in his OP, another thread of his.

 Read a bit of history in the reference to what has happened in the past with traditional casinos, yes, before was the wild west on topic regularization.

seemed like something that came to arise due to the crypto issue, but it is not like that, in the past the online casinos had a very gray area on that subject.

In fact, for years the regulations have always been in a gray area in that sense and it seems that an (another) update of it is coming.

 Read about the UIGEA and you will understand how complex the subject is and how it evolves.

I mention the United States because it is one of the countries that generates the most traffic, but for example countries like Spain, Italy, France have regulated poker casinos in their jurisdictions, it is a stupidity that they prohibit you from playing with any player in the world.

 The debate is there for crypto casinos it will not be much different..

[dezoel]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

That will certainly affect gambling and that only happens if strictly implemented by the authorities. But guess what, this will increase illegal gambling on the other side and this make hard to control once it started. I'd see a lot of gambling projects will tend to stop or collapse but this is not even good to look at as this will also stop people from working there.

It has a positive outcome but also it creates more on the negative side.

There are two possible effects of it. One is positive because it means casinos can now be more legit and it will now be easier to identify the fraud ones. The scammers, launderers and abusers are also going to be caught out because KYC is going to be implemented and this is the second effect which is negative because many are not fond of sending their KYC. They think they are threatened of doing it even if the casinos are already trusted enough.

This is when illegal gambling will pop or the casinos which doesn't require a KYC because they know that there will still be a huge demand for them. Players must be careful since they will be hunted one by one.

[delfastTions]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

That will certainly affect gambling and that only happens if strictly implemented by the authorities. But guess what, this will increase illegal gambling on the other side and this make hard to control once it started. I'd see a lot of gambling projects will tend to stop or collapse but this is not even good to look at as this will also stop people from working there.

It has a positive outcome but also it creates more on the negative side.

There are two possible effects of it. One is positive because it means casinos can now be more legit and it will now be easier to identify the fraud ones. The scammers, launderers and abusers are also going to be caught out because KYC is going to be implemented and this is the second effect which is negative because many are not fond of sending their KYC. They think they are threatened of doing it even if the casinos are already trusted enough.

This is when illegal gambling will pop or the casinos which doesn't require a KYC because they know that there will still be a huge demand for them. Players must be careful since they will be hunted one by one.

The huge demand for using a casino without KYC verification and also with permission to enter and normal operation of your account in this casino using a VPN is certainly there and justified.  For example, it is almost impossible to play without these conditions for players from gigantic China, where there are corresponding prohibitions from government agencies.  And I think that for a very long time, most of the casinos will oppose the introduction of KYC and VPN login restrictions.  And I think this is right because many people have a need to gamble while maintaining their anonymity as much as possible.

[danadc]

Crypto Exchange also had the same problem before in countries where their base is. But look at them now, they are still growing in numbers.
Crypto Gambling sites will end up the same way. As long as they have the papers to tell they are legal/paying taxes then they don't have to be afraid of anything.

If none is showed, then that's where the problem begins but I doubt they are incapable to iron things out. They have the money and it's easy to do lots of things as long as you can pay.

I think that as long as a casino adheres to the regulations that they are offered, I think that it will be one of the best things that they can establish, if on the contrary a new casino comes out and they say that they do not have to ask for KYC then they will be seen as bad because they lack some licenses, so in the end I think this is very diverse because I have seen casinos that have all their licenses and end up scamming people, because they can not only have an opinion legally but also in everything that has to do with the intentions and in the way they approach the casino, if there are internal problems and they make it known as problems with deposits and withdrawals, I would not trust them.

[Hamphser]

Its a business and once its been regulated then expect that they would really be needing to follow some rules or laws for them to continue to operate which simply implies that they arent having much choice when it comes to this manner.They would really be following on whats been said or else then they do know on whats next.The main who had been affected is the users but on general sense this is indeed also have its pro's when you do deal up on a regulated company or platform on which you cant somewhat assure that everything could be traced up if ever a certain platform do make out some shit doings.

Yes, users will feel the impact of the regulations, and some do not like the rules that are too complicated to run in that casino. However, users also cannot do much except obey the rules and if they do not want to follow those rules, they can look for other less strict casinos. Crypto users who use their cryptocurrencies to gamble will not like the regulations that are too strict and will look for other casinos to gamble and keep their details a secret.

You could really see up the comparison in terms of user counts or people been playing on a certain platform in between those heavily regulated or strict in compliance with those kyc into those
casinos which arent that strict when it comes to that.
We people here on this cryptospace doesnt really like on compromising our anonymity this is why its always been ideal for us to make use of platforms which arent really that
too strict on implementing up these things.
Having license does indicate that they are a legit business but there are some exemptions yet not all licensed ones are legit.

[Wakate]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

But aren't all gambling platforms regulated now in accordance with the laws of the territory where they are registered, so many of them choose licensing as well as registration in the most favorable territories, so if it comes to universal regulation, then it's a matter of the distant future.

It is quite obvious that many of gbe gambling platform we are seeing mostly everywhere are not registered and this had made it looks like many of the gambling sites are not serious but when looking at regulation, many from the government of the country which they are registered, this will have so much effect on the gambling sites that are not registered or that have the attempt to scam there customers because the regulations will make many of these casinos to be well moderated and strict to rules that will prevent them from doing the contrary things.

[WalkerIVIV]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Regulation will come sooner or later because governments dont want to be left behind and loose the chance of getting money. Governments are only here to make our lives difficult, that is all they are worth for. Its a bit like cryptos, in the begining it was not regulated, now they running after crypto legislation as they dont want to miss on profits

It's not all about money. The problem is so many countries concerning about regulation in gambling caused by they were getting triggered by money laundering. So many accusations that came to the gambling sites were about money laundering and it's not related with the taxation. I think that's why government was always trying to ban anything related with it. Im not even doubt if some sites were trying to avoid it

[Oneandpure]

It's not all about money. The problem is so many countries concerning about regulation in gambling caused by they were getting triggered by money laundering. So many accusations that came to the gambling sites were about money laundering and it's not related with the taxation. I think that's why government was always trying to ban anything related with it. Im not even doubt if some sites were trying to avoid it

Gambling casino seems easy how to use for money laundering and problem for several countries around the world still not have regulation for legal with casino gambling. Last month my country government made money laundering almost 50 million dollar to one casino gambling at Singapore, seems huge deposit amount in casino gambling not more selective about money source. Need change about regulation and more selective when deposit huge amount at gambling casino before get regulation from several countries around the world.

[ethereumhunter]

Its a business and once its been regulated then expect that they would really be needing to follow some rules or laws for them to continue to operate which simply implies that they arent having much choice when it comes to this manner.They would really be following on whats been said or else then they do know on whats next.The main who had been affected is the users but on general sense this is indeed also have its pro's when you do deal up on a regulated company or platform on which you cant somewhat assure that everything could be traced up if ever a certain platform do make out some shit doings.

Yes, users will feel the impact of the regulations, and some do not like the rules that are too complicated to run in that casino. However, users also cannot do much except obey the rules and if they do not want to follow those rules, they can look for other less strict casinos. Crypto users who use their cryptocurrencies to gamble will not like the regulations that are too strict and will look for other casinos to gamble and keep their details a secret.

You could really see up the comparison in terms of user counts or people been playing on a certain platform in between those heavily regulated or strict in compliance with those kyc into those
casinos which arent that strict when it comes to that.
We people here on this cryptospace doesnt really like on compromising our anonymity this is why its always been ideal for us to make use of platforms which arent really that
too strict on implementing up these things.
Having license does indicate that they are a legit business but there are some exemptions yet not all licensed ones are legit.

Playing crypto gambling means that we pay attention to the issue of anonymity so we will look for a casino that is not very KYC-compliant. And luckily, we already have several casinos that provide that facility. This means we can move from one casino to another if we feel bored being in one casino for a certain time. Maybe the casino has a license but they still give us the freedom of not doing KYC. But it's also possible that the casino applies KYC to gamblers who use big money.

[velzevul11]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

Regulation will come sooner or later because governments dont want to be left behind and loose the chance of getting money. Governments are only here to make our lives difficult, that is all they are worth for. Its a bit like cryptos, in the begining it was not regulated, now they running after crypto legislation as they dont want to miss on profits

It's not all about money. The problem is so many countries concerning about regulation in gambling caused by they were getting triggered by money laundering. So many accusations that came to the gambling sites were about money laundering and it's not related with the taxation. I think that's why government was always trying to ban anything related with it. Im not even doubt if some sites were trying to avoid it

Totally agree. If you look at the UK gambling commission's key licensing principles, they communicate those quite well: prevention of crime; fair gambling rules; protection of underage and vulnerable people.

And it kinda makes sense…

[minime0105]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

But aren't all gambling platforms regulated now in accordance with the laws of the territory where they are registered, so many of them choose licensing as well as registration in the most favorable territories, so if it comes to universal regulation, then it's a matter of the distant future.

It is quite obvious that many of gbe gambling platform we are seeing mostly everywhere are not registered and this had made it looks like many of the gambling sites are not serious but when looking at regulation, many from the government of the country which they are registered, this will have so much effect on the gambling sites that are not registered or that have the attempt to scam there customers because the regulations will make many of these casinos to be well moderated and strict to rules that will prevent them from doing the contrary things.

Actually some of the gamblling platforms operate illegally, that is why i embrace KYC verification because with that you will know you funds is protected in that particular platform, so it's good for someone to look well or research very well before going into investment platform, that's the thing we can do, before go for gambling, do you know that sometimes i do blame those people who complained about gambling platform fails to pay them, because i found out they did not take proper measure by observing the platform

[RealMalatesta]

The huge demand for using a casino without KYC verification and also with permission to enter and normal operation of your account in this casino using a VPN is certainly there and justified.  For example, it is almost impossible to play without these conditions for players from gigantic China, where there are corresponding prohibitions from government agencies.  And I think that for a very long time, most of the casinos will oppose the introduction of KYC and VPN login restrictions.  And I think this is right because many people have a need to gamble while maintaining their anonymity as much as possible.

I do understand the need for people to play without KYC, but I also understand the casinos who ask for it to apply with the regulations as well.

It is not about where the casino is based, you could build a casino in a place where you do not have to ask KYC and that would be fine, however it would also be a trouble for your gamblers to gamble with you in many places of the world, you will have to make sure that you put rules in the ToS stating nearly most of the world can't play with you because you do not ask KYC, which means you are telling people "gamble here at your own risk but no KYC required", which is what casinos do not want to do and want to be accepted in more places.

[BitSwapNow]

Yes crypto gambling has been around since the start of bitcoin almost. As it was a grey area and seemingly had no regulations. Its cool to see how far its come. With that being said yes i would be more sure as a player to bet and play on the bigger more established reputation sites. Not saying smaller grey area ones arent good but as someone said above you never know when a site could be taken down ect and all assets seized if they arent operating legally. Also it should be on the player to gamble legally and clear headed as being aware of their own local/countries laws as well. Trying to circumvent Country IP blocks with VPN ect is not the best idea as your account could risk freezing or something similar possibly. Just my two cents!

[stomachgrowls]

When regulation takes a hit on crypto prob in few years from now what will happen to gambling projects like Roobet and others? I've discovered one gambling project claiming to be regulated but there is nothing to prove that, anyway, can regulation affects gambling projects in future that's all I seek.

But aren't all gambling platforms regulated now in accordance with the laws of the territory where they are registered, so many of them choose licensing as well as registration in the most favorable territories, so if it comes to universal regulation, then it's a matter of the distant future.

It is quite obvious that many of gbe gambling platform we are seeing mostly everywhere are not registered and this had made it looks like many of the gambling sites are not serious but when looking at regulation, many from the government of the country which they are registered, this will have so much effect on the gambling sites that are not registered or that have the attempt to scam there customers because the regulations will make many of these casinos to be well moderated and strict to rules that will prevent them from doing the contrary things.

Actually some of the gamblling platforms operate illegally, that is why i embrace KYC verification because with that you will know you funds is protected in that particular platform, so it's good for someone to look well or research very well before going into investment platform, that's the thing we can do, before go for gambling, do you know that sometimes i do blame those people who complained about gambling platform fails to pay them, because i found out they did not take proper measure by observing the platform

When you are dealing on something which is regulated then you can somewhat make yourself tell that you do know that Incase of issues or hacks which  you could really be that confident that everything would be traced up.

We do have indeed legally or illegally operating gambling site or platforms or any companies but doesn't mean that unlicensed casinos aren't that good since we are seeing some platforms which aren't licensed but they are one of the most known and popular on this market but of course it do depends on someones preference or risk in regarding their decision.

[ringgo96]

Gambling regulations in each country are certainly different, because the gambling sites used today are not all countries legalized for users, although their sites are promoted throughout the country but it is not easy to use casually, from the profits obtained from gambling sites are certainly very large and those who are in legal countries must be willing to share every profit they get with the local government, and for the foreseeable future regulations are getting worse and it all depends on the development of the country and the sites they are currently using.

[BobK71]

Gambling regulations in each country are certainly different, because the gambling sites used today are not all countries legalized for users, although their sites are promoted throughout the country but it is not easy to use casually, from the profits obtained from gambling sites are certainly very large and those who are in legal countries must be willing to share every profit they get with the local government, and for the foreseeable future regulations are getting worse and it all depends on the development of the country and the sites they are currently using.

When gambling is conducted in a legal country, it must provide prescribed taxes to the government. This is the responsibility of that gambler. But there is no opportunity to pay tax in the countries that are not legalized. Moreover, it is not possible to manage gambling sites well in illegal countries. Because gambling sites are often restricted by the government in that country. There are also big differences in the regulation of gambling between a legal and an illegal country for gambling.

[ThemePen]

Definitely it will effect. If a casino or a gambling site is running on cryptocurrency and accepting and giving crypto payments so the rules and regulations which will be implemented on crypto so definitely it will be implemented on casinos too.

And if a casino thinks that the regulations are difficult to implement so the casino can delist the crypto and can accept only fiat. (Its on casino)

By the way I don't think so there will be much difficult regulations which can't be implemented in future.