Regulations & Gambling projects

[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.

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[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.