The future of CBDC in gambling.

[Yaunfitda]

I agree with the majority here, it's just a digital copy of fiat so it will be accepted by casinos not just by Macao by all over the world. And for sure government might be pushing for it as we will go cashless in the future, although there are far more advance nation in Europe already that are going cashless and digital.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

[Hirose UK]

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

CBDCs may move forward but what you need to understand is that they will never become part of society like fiat money.
Have you forgotten that in the past many crypto users also assumed that crypto could be like fiat money where it would become part of society and could be used in all places but in fact until now it is still controversial and there are always conflicting laws regarding crypto made by several countries.
The advantages and disadvantages that we can get depend on our own use and use.

[macson]

CBDC is a product ^(fiat) issued by the government with the intention of tracking all transactions of its citizens, so if i am forced to play gambling with the obligation to use CBDC then i will leave the gambling place ^{(online or offline)} and go to one that does not require the use of CBDC.

in the future, seeing the size of the gambling market, i believe the government will require gambling sites to provide deposits or withdrawals with CBDC.

[Outhue]

With how much CBDC's are being developed for use as a legal tender, do you  think there is a future for gambling with CBDC's?

Last year (2022), Macau which is popularly known as the gambling capital of the world due to it's booming casino business were planning to give CBDC's the status other accepted Legal tenders had. It raised the question of it this will prompt casino's in the city to begin accepting CBDC's for gambling?

The government in Macau did not say when;

The government has not established a deadline for when or which digital currencies will be accepted

But it is something to expect.

If Casino's in Macau begin accepting CBDC's, It may prompt other casino's to follow suit especially in places where CBDC's already have the Legal Tender status.

Gambling Capital of the World Macau to accept CBDC as Legal tender

I have no problem with gambling websites accepting CBDC, the only thing that can cause a problem is CBDC making all gambling websites and locations to only accept Fiat and CBDC to get rid of crypto as means of payment, I believe this will never happen, online gambling websites are all open to any means of payment to make things easier to their users, so it doesn't make any difference, I am even thinking that CBDC may perform woefully vs Fiat, but only time will tell.

[_act_]

I agree with the majority here, it's just a digital copy of fiat so it will be accepted by casinos not just by Macao by all over the world. And for sure government might be pushing for it as we will go cashless in the future, although there are far more advance nation in Europe already that are going cashless and digital.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

CBDC is not a digital copy of fiat, according to what I have read and according to some posts too, CBDCs are basically fiat. I do not see CBDC as a way to move forward in gambling, I can easily use fiat digitally to gamble on casinos, CBCC offers nothing new. The supported countries can easily transfer fiat to gamble on a betting site, it takes just seconds for it to be processed, there is nothing new CBDC would add. We have cryptocurrencies too, which are far better and CBDC is not better than old fiat.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

I do not think so, people are more acquainted to traditional fiat.

[bitzizzix]

With how much CBDC's are being developed for use as a legal tender, do you  think there is a future for gambling with CBDC's?

Last year (2022), Macau which is popularly known as the gambling capital of the world due to it's booming casino business were planning to give CBDC's the status other accepted Legal tenders had. It raised the question of it this will prompt casino's in the city to begin accepting CBDC's for gambling?

The government in Macau did not say when;

The government has not established a deadline for when or which digital currencies will be accepted

But it is something to expect.

If Casino's in Macau begin accepting CBDC's, It may prompt other casino's to follow suit especially in places where CBDC's already have the Legal Tender status.

Gambling Capital of the World Macau to accept CBDC as Legal tender

I have no problem with gambling websites accepting CBDC, the only thing that can cause a problem is CBDC making all gambling websites and locations to only accept Fiat and CBDC to get rid of crypto as means of payment, I believe this will never happen, online gambling websites are all open to any means of payment to make things easier to their users, so it doesn't make any difference, I am even thinking that CBDC may perform woefully vs Fiat, but only time will tell.

If CBDC exists it is likely that casinos will adapt and be used for betting and CBDC, fiat and crypto have similar uses and I think casinos will accept them as all three will exist and can be used for betting. And anything that is valuable and lots of people use it, the casinos will follow suit and most importantly valuable and profitable.
CBDC will not reduce players who use crypto to bet because crypto is still the best, fastest and youngest in transactions or payments.

[Solosanz]

If CBDC exists it is likely that casinos will adapt and be used for betting and CBDC, fiat and crypto have similar uses and I think casinos will accept them as all three will exist and can be used for betting. And anything that is valuable and lots of people use it, the casinos will follow suit and most importantly valuable and profitable.
CBDC will not reduce players who use crypto to bet because crypto is still the best, fastest and youngest in transactions or payments.

Crypto casino has a choice to not adopt CBDC because the current licensed crypto casino in this forum didn't always accept fiat on their site. When CBDC or fiat money is accepted, the casino might ask KYC during registration or before the user can make a deposit. This make the casino is really strict with their regulation, many gamblers are tend to avoid these kind casinos and rather to choose temporary no KYC casino.

[Wexnident]

With how much CBDC's are being developed for use as a legal tender, do you  think there is a future for gambling with CBDC's?

Last year (2022), Macau which is popularly known as the gambling capital of the world due to it's booming casino business were planning to give CBDC's the status other accepted Legal tenders had. It raised the question of it this will prompt casino's in the city to begin accepting CBDC's for gambling?

The government in Macau did not say when;

The government has not established a deadline for when or which digital currencies will be accepted

But it is something to expect.

If Casino's in Macau begin accepting CBDC's, It may prompt other casino's to follow suit especially in places where CBDC's already have the Legal Tender status.

Gambling Capital of the World Macau to accept CBDC as Legal tender

It's simply fiat, so I don't think theres any reason why it wouldn't be used in gambling. Especially if you consider how the government would have transparency woth regards to which money comes in from where in every gambling business. I doubt crypto casinos would implement it though, unless required by the governing body over them. It technically isn't crypto after all, it's just digital fiat.

[retreat]

With how much CBDC's are being developed for use as a legal tender, do you  think there is a future for gambling with CBDC's?

CBDC is an idea that almost all the countries in the world have agreed on - to launch their own digital currency, to defeat crypto dominance in the world. So will this CBDC be adopted by businesses like this casino? I think this is very likely to happen, considering that casinos are a legal business operating in Macau and they have to comply with the Macau authorities who will launch their own digital currency. Not even just in macau, I think the majority of casinos globally will probably support CBDC on their platform and they can't refuse that.

[Wakate]

I agree with the majority here, it's just a digital copy of fiat so it will be accepted by casinos not just by Macao by all over the world. And for sure government might be pushing for it as we will go cashless in the future, although there are far more advance nation in Europe already that are going cashless and digital.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

Since it is a digital currency that is built on Blockchain then accepting it should not be a problem since the government are in charge. Just like China, they encourage business to do transactions with there cbdc digital fiat which had been into existence for long now. Many countries are creating there own cbdc for businesses to use it so to make there currency strong. We should not be surprised seeing gambling sites accepting cbdc from gamblers from different regions.

[cryptomaniac_xxx]

I agree with the majority here, it's just a digital copy of fiat so it will be accepted by casinos not just by Macao by all over the world. And for sure government might be pushing for it as we will go cashless in the future, although there are far more advance nation in Europe already that are going cashless and digital.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

Since it is a digital currency that is built on Blockchain then accepting it should not be a problem since the government are in charge. Just like China, they encourage business to do transactions with there cbdc digital fiat which had been into existence for long now. Many countries are creating there own cbdc for businesses to use it so to make there currency strong. We should not be surprised seeing gambling sites accepting cbdc from gamblers from different regions.

That will be the case for countries like China, I mean they are the authority so they can imposed that to their population and they don't have any choice. But for other countries, maybe the population will used it maybe not.

For gambling, still up to us whether we want to used it or still remain with the tradition money that we used to.

But yes, we are going cashless in the next future, so most likely CBDC will be used by the majority.

[davis196]

the future of gambling using CBDC could be yes or no, it depends on the enthusiasts of the gambler there if there is increasing interest in the gamblers using the CBDC I think there will be a future of gambling using the CBDC,
but if gamblers' interest in the currency declines, it may be difficult to have a future gambling using CBDCs.

The real question isn't whether or not CBDCs have future in the gambling industry. The real question is will the central banks allow CBDCs to be used for gambling. I hear theories that CBDCs might have an "expiration date" which will force the users to spend them before they expire.
I also hear rumors that the central banks will be able to track and control all CBDC transactions. This means that some CBDC transactions might be considered illegal and banned by the central banks. Gambling is considered illegal in many countries, so I don't think that CBDCs implementation will be a good thing for the gambling industry. Perhaps many online casino would just stay away from CBDCs, because of privacy concerns.

[348Judah]

With how much CBDC's are being developed for use as a legal tender, do you  think there is a future for gambling with CBDC's?

There's none for now base on what we can see, consider how many countries have adopted CBDC, the number of people from each country taking advantage from the use of this CBDC, as a matter of urgency consideration, gamblers prefers using bitcoin or any other cryptocurrency for gambling than digital fiat, also I don't think many of the gambling casino's have been made it a take on enlisting CBDC among their coins they support it's use for their online casino gambling.

[Yogee]

I don't see any problem with online casinos accepting CBDCs if they are already accepting fiat payments. It should be an easy transition or addition to the deposit and withdrawal option. They are probably just waiting for the proper rules and regulation from regulatory agencies before they implement it.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

CBDCs may move forward but what you need to understand is that they will never become part of society like fiat money.

Credit cards and Debit cards didn't exist before but a lot of people prefer using it now over the physical cash.
Volume of transactions in online payment gateways have also risen in the past few years.
CBDC? Government can also entice or force the common people to use it just like those two above. We're already in the digital age so don't doubt their capability.

[Davidvictorson]

Just like bitcoin, CBDC has its place and a future in gambling. However, we should note that they are not as the same as bitcoin. One is centralized, backed by the Central Banks of Countries, the other is decentralized and backed by the will of the people. However, when compared to fiat they are both secured from hacking and other financial frauds.

If you ask me, gamblers would prefer to use Bitcoin for gambling which is more anonymous than any CBDC. So although, it makes sense to use CBDC for the afore mentioned reasons, it's future in the gambling industry will be dependent on it's adoption and listing in online casinos.

[shogun47]

I agree with the majority here, it's just a digital copy of fiat so it will be accepted by casinos not just by Macao by all over the world. And for sure government might be pushing for it as we will go cashless in the future, although there are far more advance nation in Europe already that are going cashless and digital.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

We also need to keep in mind that if CBDCs happen (depending on country by country of course), it might be the only legal tender we are dealing with. I think the long-term idea of the CBDC introduction is to get rid of cash and to implement a digital surveillance infrastructure for all things related to payments. There is no better option than state or central bank controlled digital money. Even if they claim that privacy is important, we all know how that is going to play out in the end. Laws will be loosened, exceptions will be included, and more discretionary power will be awarded to authorities. Casinos could quickly become one such exception as the claim is that everyone who is playing is probably washing money or evading taxes and there you go, all transaction from and to casinos are made visible to authorities for further investigation. That could even be automated.

[Oilacris]

I agree with the majority here, it's just a digital copy of fiat so it will be accepted by casinos not just by Macao by all over the world. And for sure government might be pushing for it as we will go cashless in the future, although there are far more advance nation in Europe already that are going cashless and digital.

But with the advent of CBDC, it will be more evident moving forward that it will be part of the society just like fiat money.

So there will be no advantage for us, I guess. Maybe we might used it more often though than a fiat system.

Since it is a digital currency that is built on Blockchain then accepting it should not be a problem since the government are in charge. Just like China, they encourage business to do transactions with there cbdc digital fiat which had been into existence for long now. Many countries are creating there own cbdc for businesses to use it so to make there currency strong. We should not be surprised seeing gambling sites accepting cbdc from gamblers from different regions.

Cbdcs are really just that e-fiat because each country could really create their own but i dont really see huge differences in between fiat this is why i dont see much difference if we do speak about

gambling industry to be applied on this one.It would really be that great for those who are been using it but there's no such that difference since its government regulated.

Unlike if they would be accepting out decentralized crypto then it would be always great since there's always a market for that.

[Sandra_hakeem]

I'd say it's a big YES....
As much as I know, the world is evolving and everything seems to be affected temporarily or permanently as the case might be..
CBDCs are simply the same FIAT we're using currently, .... although they've been made to look like crypto - in terms of Trnxs and means of operation -- but anything that's managed by a certain organization and doesn't have a Blockchain in charge of every trnxs and record keeping isn't crypto.... It follows digital processes doesn't mean it's BTC itself.
On the other hand, it will not just be a part of gambling but it might even affect the process and create some restrictions, Which are stictly unwanted.

Sandra 🧑‍🦰

[adzino]

With how much CBDC's are being developed for use as a legal tender, do you  think there is a future for gambling with CBDC's?

Last year (2022), Macau which is popularly known as the gambling capital of the world due to it's booming casino business were planning to give CBDC's the status other accepted Legal tenders had. It raised the question of it this will prompt casino's in the city to begin accepting CBDC's for gambling?

The government in Macau did not say when;

The government has not established a deadline for when or which digital currencies will be accepted

But it is something to expect.

If Casino's in Macau begin accepting CBDC's, It may prompt other casino's to follow suit especially in places where CBDC's already have the Legal Tender status.

Gambling Capital of the World Macau to accept CBDC as Legal tender

If CBDC becomes a thing, then yeah, highly likely it will play an important role in the gambling industries in the future. Like you have mentioned in your post, Macau's move to consider CBDCs as legal tender could be a significant step in that direction since Macau is a major gambling hub and other casinos from different countries will likely follow them after observing how the casinos on that country is performing. CBDCs might be faster and cheaper, but if people are concerned about privacy, highly like people will avoid it. But then again, most casinos now requires KYC, and people still plays on those casinos, so privacy won't be an issue for majority of the people.

[Don Pedro Dinero]

If the casino is regulated we might see the ease of use of the CBDC wallets. There is no need for KYC because you already have KYC on it and they wouldn't need to verify things, they already know what you are doing.  CBDC might even send a direct message to your wallet congratulating you for winning a slot game. But I guess the budget allocated for gambling spending is also regularly monitored.

I think it will be as you say. The first to implement deposits with CBDCs will be fiat casinos.

The real question isn't whether or not CBDCs have future in the gambling industry. The real question is will the central banks allow CBDCs to be used for gambling. I hear theories that CBDCs might have an "expiration date" which will force the users to spend them before they expire.
I also hear rumors that the central banks will be able to track and control all CBDC transactions. This means that some CBDC transactions might be considered illegal and banned by the central banks. Gambling is considered illegal in many countries, so I don't think that CBDCs implementation will be a good thing for the gambling industry. Perhaps many online casino would just stay away from CBDCs, because of privacy concerns.

You seem to forget that in most parts of the world gambling is allowed and governments make a good profit from it. CBDCs are programmable and as such things can be done with them that we will see if they end up being implemented but what does not make sense is that governments that allow gambling, have regulated it and charge taxes for it are going to block gambling with CBDCs.