Regulations & Gambling projects

[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…