Regulations & Gambling projects

[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.

[1715128313]

1715128313

[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.