The future of CBDC in gambling.

[BenCodie]

It's a double-edged sword. There are a lot of caveats that come with using CBDC's in general, let alone for gambling. One aspect of CBDC's is the essential removal of anonymity. You can not expect to be anonymous when using CBDC's, since they are created by governments/banks. With no anonymity, using CBDC's outside of gambling after you have gambled, could mean confiscation elsewhere because those CBDC's came from gambling.

My opinion may be biased as I would never condone the use of CBDC's. It's not a good thing for them to be implemented anywhere over bitcoin/cryptocurrency in my opinion.

[1714861720]

1714861720

[1714861720]

1714861720

[1714861720]

1714861720

[Cuenta Alternativa]

It's a double-edged sword. There are a lot of caveats that come with using CBDC's in general, let alone for gambling. One aspect of CBDC's is the essential removal of anonymity. You can not expect to be anonymous when using CBDC's, since they are created by governments/banks. With no anonymity, using CBDC's outside of gambling after you have gambled, could mean confiscation elsewhere because those CBDC's came from gambling.

I agree with this, but I don't think cryptocurrency gambling has many years of anonymity left anyway. It was anonymous in the beginning and gradually, especially in recent years, most casinos have imposed KYC. This is a trend that is set to continue.

[BenCodie]

It's a double-edged sword. There are a lot of caveats that come with using CBDC's in general, let alone for gambling. One aspect of CBDC's is the essential removal of anonymity. You can not expect to be anonymous when using CBDC's, since they are created by governments/banks. With no anonymity, using CBDC's outside of gambling after you have gambled, could mean confiscation elsewhere because those CBDC's came from gambling.

I agree with this, but I don't think cryptocurrency gambling has many years of anonymity left anyway. It was anonymous in the beginning and gradually, especially in recent years, most casinos have imposed KYC. This is a trend that is set to continue.

Casinos and their operators have the choice in how they want to operate. I will agree that right now, it seems like this is a trend that is set to continue. However as the regulated world topples over and begins to change, the values of Bitcoin will probably prevail and I believe that it will be possible for things to be similar to how they were in the beginning. It all depends on the operators and who enters the market when/if the change occurs.

[Mauser]

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.

I think this is the best thing that is coming out of the move of Macau to accept CBDCs. Macau must have realised that the online crypto casino boom is becoming a real threat for their local gambling industry. Due to the covid lockdowns many regular casino customers switched to the virtual world and might be reluctant to go back visiting physical casinos. This move by Macau seems to try and get move competitive with the online casinos. For me Macau is too far away to be a real gambling destination, sitting for 12 hours in a plane only to visit a casino is too much. Unfortunately Las Vegas is a similar distance away and I am stuck with my local unspectacular casinos. Any casino that starts accepting digital currency should be rewarded with more customers in my opinion.

[retreat]

Maybe CBDC has a good future too but I don't know because it also depends on the approval of each government. If they don't allow CBDCs, gamblers will revert to their previous form because that's what made them comfortable depositing and withdrawing their money.

But crypto gamblers will probably still use crypto casinos to play gambling. They will not switch to using CBDC or other forms because they have found comfort in playing gambling. But it seems that the development of CBDCs in the future, especially for cities that allow gambling, can be faster than in other cities.

To be honest the government would really agree if CBDC is implemented on a casino platform because it is their product, they won't reject it because they want it to be popular in society, but of course American CBDC products may not be accepted in Macau, or vice versa, maybe users need to exchange them on exchanges provided by the government, just as fiat is exchanged on money changers. So we'll see how the CBDC will be implemented by the government in the future.

[KiaKia]

To me it's not a problem, before a legal gambling platform can operates they have to go through some settlement of the law and get proper regulation, it won't be different when CBDC is in action, I still don't know why many people are trying to see CBDC as a different type of money, it's just the same FIAT currency to me, the only difference is the money is in Digital form.

I can only use CBDC if they are available on exchanges paired with BTC or other cryptocurrencies, and some speculate that CBDC may spy on the adopters. If that's the case, I might change my mind.

[348Judah]

To me it's not a problem, before a legal gambling platform can operates they have to go through some settlement of the law and get proper regulation, it won't be different when CBDC is in action, I still don't know why many people are trying to see CBDC as a different type of money, it's just the same FIAT currency to me, the only difference is the money is in Digital form.

I can only use CBDC if they are available on exchanges paired with BTC or other cryptocurrencies, and some speculate that CBDC may spy on the adopters. If that's the case, I might change my mind.

Gamblers aren't seeing CBDC as any kind if money, what they want is to gamble with crypto and not fiat, how many gambkers were notlw using fiat to gamble nowadays, just few for the sake of those using a physical location center for gambling, but most online gambling these days were been done using cryptocurrencies for their stake since they comes with an added advantage of casino wallet thet generate them a wallet address, people were tired or fiat and crypto is now the trend everyone is adoption, cbdc is like going back to old vomit.

[Viscore]

I don't really see how CBDC are a game changer. Online crypto casino should stick to legit projects like BTC, ETH, DOGE, LTC etc... They have already proven themselves and they work just fine. Just don't do any business with the govs and let them implode.

CBDC can be a game changer if the government ban the whole stable coin, the worst case they ban all cryptocurrencies including Bitcoin. If the government force their citizens to use CBDC, we have no option because we can't reject it, especially if there's no cash is used anymore.

However I'm not supporting CBDC and I just hope the government will not ban all cryptocurrencies because it will create a huge panic.

This could be possible as the government will certainly favor CBDC over cryptocurrencies. So if the government will stick to CBDC as the legal tender when it comes to legal gambling casinos, then we have no choice but to follow the rule. However, I don’t see this happening soon, and I’m not actually looking forward to make it happen. Between CBDC and cryptocurrencies, it’s still best to gamble with decentralized ones.

[Zlantann]

Gamblers aren't seeing CBDC as any kind if money, what they want is to gamble with crypto and not fiat, how many gambkers were notlw using fiat to gamble nowadays, just few for the sake of those using a physical location center for gambling, but most online gambling these days were been done using cryptocurrencies for their stake since they comes with an added advantage of casino wallet thet generate them a wallet address, people were tired or fiat and crypto is now the trend everyone is adoption, cbdc is like going back to old vomit.

The right thing to say is that cryptocurrency gamblers are not interested in using CBDC because there is no difference between these digital currency and fiat. This is because many fiat gamblers in my country will be glad to use CBDC because they seems to overcome some of the problems of online banking which includes network failures and other transaction issues. Also, people will embrace CBDCs in countries where cryptocurrencies are restricted or banned because they are viable alternative. Although most casinos insist on KYC, using CBDC for gambling is another means of giving out your privacy to the casino company, banks and government. Regardless of how enticing the benefits of using CBDC might look, most gambles that are conscious of their privacy and security will always prefer to use cryptocurrencies.   

[Strongkored]

Maybe CBDC has a good future too but I don't know because it also depends on the approval of each government. If they don't allow CBDCs, gamblers will revert to their previous form because that's what made them comfortable depositing and withdrawing their money.

But crypto gamblers will probably still use crypto casinos to play gambling. They will not switch to using CBDC or other forms because they have found comfort in playing gambling. But it seems that the development of CBDCs in the future, especially for cities that allow gambling, can be faster than in other cities.

To be honest the government would really agree if CBDC is implemented on a casino platform because it is their product, they won't reject it because they want it to be popular in society, but of course American CBDC products may not be accepted in Macau, or vice versa, maybe users need to exchange them on exchanges provided by the government, just as fiat is exchanged on money changers. So we'll see how the CBDC will be implemented by the government in the future.

Only countries that legalize online gambling are likely to implement this, but isn't what will be used for online gambling sites for payment will depend on the owner of the gambling site? I mean even though the government legalizes online gambling and also has a CBDC, it can't force this type of payment on online gambling sites unless they make it mandatory. CBDC is the same as fiat so gambling sites that have previously accepted fiat will implement it, crypto casinos might consider it because many prefer digital currency over crypto because the price is the same as fiat where sometimes volatility is not so favorable and can reduce the profit get because when we withdraw the price of crypto is going down and when we are going to exchange it for fiat it will decrease again because of transaction costs.

[Zlantann]

Gamblers aren't seeing CBDC as any kind if money, what they want is to gamble with crypto and not fiat, how many gambkers were notlw using fiat to gamble nowadays, just few for the sake of those using a physical location center for gambling, but most online gambling these days were been done using cryptocurrencies for their stake since they comes with an added advantage of casino wallet thet generate them a wallet address, people were tired or fiat and crypto is now the trend everyone is adoption, cbdc is like going back to old vomit.

The right thing to say is that cryptocurrency gamblers are not interested in using CBDC because there is no difference between these digital currency and fiat. This is because many fiat gamblers in my country will be glad to use CBDC because they seems to overcome some of the problems of online banking which includes network failures and other transaction issues. Also, people will embrace CBDCs in countries where cryptocurrencies are restricted or banned because they are viable alternative. Although most casinos insist on KYC, using CBDC for gambling is another means of giving out your privacy to the casino company, banks and government. Regardless of how enticing the benefits of using CBDC might look, most gambles that are conscious of their privacy and security will always prefer to use cryptocurrencies.   

[cabron]

Gamblers aren't seeing CBDC as any kind if money, what they want is to gamble with crypto and not fiat, how many gambkers were notlw using fiat to gamble nowadays, just few for the sake of those using a physical location center for gambling, but most online gambling these days were been done using cryptocurrencies for their stake since they comes with an added advantage of casino wallet thet generate them a wallet address, people were tired or fiat and crypto is now the trend everyone is adoption, cbdc is like going back to old vomit.

The right thing to say is that cryptocurrency gamblers are not interested in using CBDC because there is no difference between these digital currency and fiat. This is because many fiat gamblers in my country will be glad to use CBDC because they seems to overcome some of the problems of online banking which includes network failures and other transaction issues. Also, people will embrace CBDCs in countries where cryptocurrencies are restricted or banned because they are viable alternative. Although most casinos insist on KYC, using CBDC for gambling is another means of giving out your privacy to the casino company, banks and government. Regardless of how enticing the benefits of using CBDC might look, most gambles that are conscious of their privacy and security will always prefer to use cryptocurrencies.   

In spite of that CBDC will still be used by people in many ways including gambling. It's the easiest to use especially when the government makes it not easy for everyone to access crypto. This will happen regardless of how much warning we expose what CBDC can do to your money.

There are people who don't care about privacy, we do have them in crypto. But one thing that CBDC will be pushed is that government can easily tax someone like a gambler winning thousands.

[madnessteat]

The governments of many countries that will support the introduction of CBDC in their states will encourage the use of CBDC in every way. Therefore, it is possible that casinos will be forced to accept CBDC for deposits. Only I think that many gamblers will not want to use CBDC in casinos or in their everyday life, because there are more anonymous ways to use money in online environment.

[slapper]

Ain't no lie, the future of gambling with CBDCs is shining like the Vegas strip! Digital currencies are stepping up, and the gambling game ain't the same since the first Bitcoin casino popped up back in 2012. Now, CBDCs enter the scene, and we can bet on the gambling world getting even more digital.

It's only natural to accept CBDCs as tender in Macau, the gambling capital of the world. The casinos are vital to their economy, thus they must be open to change if they are to survive. Macau's casinos will likely begin courting CBDCs in the near future.

[darewaller]

Gamblers aren't seeing CBDC as any kind if money, what they want is to gamble with crypto and not fiat, how many gambkers were notlw using fiat to gamble nowadays, just few for the sake of those using a physical location center for gambling, but most online gambling these days were been done using cryptocurrencies for their stake since they comes with an added advantage of casino wallet thet generate them a wallet address, people were tired or fiat and crypto is now the trend everyone is adoption, cbdc is like going back to old vomit.

If they are a hater of fiat yes but I think not all who use crypto hates fiat. They still see fiat and CBDC as a money but the main reason why they prefer a crypto is to become anonymous. Cryptos and crypto gambling have grown too much. That is a sign that many people are now using a crypto instead of fiats but there's also users who are hybrid and willing to use both payment methods.

Offline casinos might be declining now and fiat online casinos are emerging. Many of those who play on them didn't even knew or trust crypto yet. Online casinos gives us a wallet but I don't see this as an advantage. We may be tempted to use the money that we deposit there and there's also a chance that the casino can shutdown or turned into a scam.

[o48o]

It's a double-edged sword. There are a lot of caveats that come with using CBDC's in general, let alone for gambling. One aspect of CBDC's is the essential removal of anonymity. You can not expect to be anonymous when using CBDC's, since they are created by governments/banks. With no anonymity, using CBDC's outside of gambling after you have gambled, could mean confiscation elsewhere because those CBDC's came from gambling.

My opinion may be biased as I would never condone the use of CBDC's. It's not a good thing for them to be implemented anywhere over bitcoin/cryptocurrency in my opinion.

Well using fiat money isn't anonymous either. Neither is using cryptos. It's pseudonymous and your money can be traced and flagged if you got it from a black hat that stole it.
And so can your account in casino. However if you have done nothing wrong and can explain the source of your money, KYC will do just fine to fix any misunderstandings.
And using cbdc's if like using fiat money except it can be faster and cheaper to send. And obviously officials track malicious people, just like they do with fiat money.

[Tumanggor]

I don't really see how CBDC are a game changer. Online crypto casino should stick to legit projects like BTC, ETH, DOGE, LTC etc... They have already proven themselves and they work just fine. Just don't do any business with the govs and let them implode.

CBDC can be a game changer if the government ban the whole stable coin, the worst case they ban all cryptocurrencies including Bitcoin. If the government force their citizens to use CBDC, we have no option because we can't reject it, especially if there's no cash is used anymore.

However I'm not supporting CBDC and I just hope the government will not ban all cryptocurrencies because it will create a huge panic.

This could be possible as the government will certainly favor CBDC over cryptocurrencies. So if the government will stick to CBDC as the legal tender when it comes to legal gambling casinos, then we have no choice but to follow the rule. However, I don’t see this happening soon, and I’m not actually looking forward to make it happen. Between CBDC and cryptocurrencies, it’s still best to gamble with decentralized ones.

this becomes a disgusting thing if the government forces us to use the CBDC they issue, then we as citizens who use it have no freedom even in gambling

I strongly reject all forms of coercion made by the government, because there is no profit from it and even harm, the choice continues and I will choose to gamble on a platform that is not regulated by the government, to stay safe from the obligation to use CBDC

[iv4n]

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?
...

I am not sure why this is even a discussion...

A central bank digital currency (CBDC) (also called digital fiat currency or digital base money) is a digital currency issued by a central bank, rather than by a commercial bank.

These days people turn to crypto for many reasons, and one of those reasons is definitely gambling... Simply people wish to have easy access and some level of anonymity. CBDC can't provide that... and who like fiat and "digital fiat" anyway?

[crzy]

The governments of many countries that will support the introduction of CBDC in their states will encourage the use of CBDC in every way. Therefore, it is possible that casinos will be forced to accept CBDC for deposits. Only I think that many gamblers will not want to use CBDC in casinos or in their everyday life, because there are more anonymous ways to use money in online environment.

This is the purpose of cryptocurrency, you’ll remain anonymous and this could be one of the reason why many gamblers prefer to use crypto instead of online fiat money. If this will be implement on physical casinos like in macau, maybe this can be an option but many will surely not adopt because they are still concern about their security and if you are not living in Macau, better to use fiat instead. Personally, will not adopt not until there’s a clear rules and regulation when using CBDC.

[Lanatsa]

The governments of many countries that will support the introduction of CBDC in their states will encourage the use of CBDC in every way. Therefore, it is possible that casinos will be forced to accept CBDC for deposits. Only I think that many gamblers will not want to use CBDC in casinos or in their everyday life, because there are more anonymous ways to use money in online environment.

This is the purpose of cryptocurrency, you’ll remain anonymous and this could be one of the reason why many gamblers prefer to use crypto instead of online fiat money. If this will be implement on physical casinos like in macau, maybe this can be an option but many will surely not adopt because they are still concern about their security and if you are not living in Macau, better to use fiat instead. Personally, will not adopt not until there’s a clear rules and regulation when using CBDC.

And we know that CBDC's are totally contrary to that which just like on what most people been saying on here that it is really just that similar to fiat on where anonymity couldnt really be possible on this one.
There might be some people who do look for this news to be something good but for majority on crypto enthusiast who do mind off and prefer anonymity and decentralization then this kind of changes isnt really that much of a concern.

They could add up all the things that they do want but people or the community would be still mainly supporting into those coins which it cant really be possible for someone to be traced up or to be known.