The future of CBDC in gambling.

[rhomelmabini]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

Well, that's not being forced yet since CBDCs aren't adopted yet worldwide but when it goes to the market there's no way government won't force it. I think if CBDCs will be introduced guess it was a win-win situation for crypto as a whole, just my opinion.

[Vaskiy]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

We hope so but cannot know what the government wants in the future. If they want CBDC to be adopted by any service platform, they can do it easily because they can force it on any service owner. However, the government really doesn't like crypto that can protect the anonymity of its users so maybe in the future, the government will still ask for services to add CBDC to its system. Hopefully, it doesn't affect bitcoin and other cryptos, but we just have to be more careful. Perhaps, using CBDC provides convenience for ordinary users but not crypto users.

None is gonna affected by the CBDC inclusion, because people who have used cryptocurrency for gambling will never move to fiat or something else further. As stated fiat users could find CBDC to be something more advanced and use it. CBDC is nothing better than the digital format of fiat. It favours the government providing each and every transaction, so this is going to be a choice for fiat users and not the cryptocurrency users.

[aioc]

CBDC is legal tender (once it will be emitted)... so for sure ... casino will accept it! it's also their interest and probably it will become one day the only form of payment in a casino.
The only chance to see not accepter is a scenario with casino/betting illegal/banned.
But I think this is something impossible for the next decades

Yes, CBDC has its higher chances to be accepted as a legal tender in the casino but I don’t see its happening soon as cryptocurrencies are still much in demand than using CBDC. However, this is really possible as CBDC is a legal form of currency and is always backed by a central bank, so definitely if the government will make a rule to make CBDC as the only currency that will be accepted in casinos, then we as gamblers should always abide with it and consider cryptocurrencies as no place in gambling.

It's still the gambling community that will decide if they are going to support it or not, not all governments all license issuers can make a rule to accept CBDC on all casinos, casinos can include it as one of the payment processors based on the recommendation but no authorities can make it mandatory to us to replace fiat, it's still the betting public that will have a say on what currency will they use.
And we all know the gambling community is comfortable using Cryptocurrency, if it's not broken there's no need to fix it.

[TheGreatPython]

Whether the CBDC is accepted it not, I do not think it'll enhance the economy or reduce the current inflation.
It is not a crypto currency afterall. But I think it'll be easier to adopt the CBDC as legal tender than to adopt crypto currency.

CBDC is developed by the government of course it will be adopted as an alternative to the real fiat we use right now. Basically, it's what we are going to be using, it's going to be normalized and we can use it anywhere including gambling online.

But they do have digital control of your spending, if they see you spend more on gambling I guess they can turn off your app to not work on casinos and you can only buy Mcdonald's chips. 

I don't think that the control that they wish to gain is to safeguard users or to prevent them from losses or spending a lot of money on gambling or anything else, but their primary goal will probably be to impose taxes on the users based on their financial activities, and if we use CBDCs, we will literally give them the right to keep an eye on our expenses and finances.

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

[Lahlad]

It's good that you gave yourself time to think about this question.

[EarnOnVictor]

Whether the CBDC is accepted it not, I do not think it'll enhance the economy or reduce the current inflation.
It is not a crypto currency afterall. But I think it'll be easier to adopt the CBDC as legal tender than to adopt crypto currency.

CBDC is developed by the government of course it will be adopted as an alternative to the real fiat we use right now. Basically, it's what we are going to be using, it's going to be normalized and we can use it anywhere including gambling online.

But they do have digital control of your spending, if they see you spend more on gambling I guess they can turn off your app to not work on casinos and you can only buy Mcdonald's chips. 

I don't think that the control that they wish to gain is to safeguard users or to prevent them from losses or spending a lot of money on gambling or anything else, but their primary goal will probably be to impose taxes on the users based on their financial activities, and if we use CBDCs, we will literally give them the right to keep an eye on our expenses and finances.

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

The world is revolving, there is nothing anyone can do about that, CBDC will be the order of the day soon, it will only be wise that everyone gets ready for it. This will bring the world closer when it comes to money and finances, and this will more effectively oversight transactions to avoid many illegal flows that are happening now.

What you have explained is all correct and you are one of the few that truly understand the situation and mean well for society.

[tusandii]

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

They will only make efforts in vain if they want to eradicate the use of crypto or decentralized digital coins like Bitcoin. They are just a new breakthrough that is impossible to get rid of crypto completely.
Cryptocurrencies are against their goals but they cannot erase or eliminate crypto from people's lives and in the gambling industry.
Precisely if they try hard and oppose crypto continuously then there is no doubt that they will be the ones who will disappear from the gambling industry.

[Fesatmas]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

Well, that's not being forced yet since CBDCs aren't adopted yet worldwide but when it goes to the market there's no way government won't force it. I think if CBDCs will be introduced guess it was a win-win situation for crypto as a whole, just my opinion.

coercion system I think it's impossible, I think the government will only provide its services slowly so that people can choose which one to use, CBDC is not the same as crypto, CBDC is the same as fiat which is centralized and fixed by the government although basically I'm quite confused with the CBDC system as intended resistance to Crypto.
I suspect that even if it was adopted by the general public, gambling platforms would also adopt CBDCs as a “possible” Fiat replacement or stablecoin alternative. and I also feel that it will not affect crypto in gambling, I think it will run the same as now.

[Iroh]

I think CBDCs might just have a place in the gambling world. Online Casinos, in a bid to attract new players would evolve and become more innovative. I think casinos would make allowances for CBDCs as a mode where you could make deposits and withdrawals to attract players who would prefer to use them.

I also don’t think the inclusion of CBDCs into the gambling scenes would affect the use of cryptocurrencies in any way. Players using cryptocurrencies to play games would still prefer to use cryptocurrency cause of its anonymity and ease of transactions.

[noormcs5]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

Well, that's not being forced yet since CBDCs aren't adopted yet worldwide but when it goes to the market there's no way government won't force it. I think if CBDCs will be introduced guess it was a win-win situation for crypto as a whole, just my opinion.

If CBDC are controlled by the government then I don't think the people who use crypto will want to use CBDC and this holds true for the gamblers also.

Most of the gamblers will prefer to bet using bitcoin, litecoin coin, dogecoin etc and may not use CBDC completely. I hope the casino's do not make CBDC usage mandatory.

Well we adopt bitcoin because it is decentralized and we will never adopt CBDC as it is centralized.

[Kelvinid]

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

They will only make efforts in vain if they want to eradicate the use of crypto or decentralized digital coins like Bitcoin. They are just a new breakthrough that is impossible to get rid of crypto completely.
Cryptocurrencies are against their goals but they cannot erase or eliminate crypto from people's lives and in the gambling industry.
Precisely if they try hard and oppose crypto continuously then there is no doubt that they will be the ones who will disappear from the gambling industry.

I even thought that CBDC will never be accepted than cryptocurrencies.
Assuming that gambling sites and casinos will accept  CBDC, the more I believe that it will increase the use of crypto than see its collapse. The fact that the gambling industry is growing, the more we think that several options will arise rather than seeing reducing. Well, the goal of these gambling sites' owners is to give a convenient way of betting and they are supposed to give the best option if possible.

[dezoel]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

You are either too innocent or you don't really watch the news and read about current affairs within the blockchain industry, otherwise, you wouldn't say that governments wouldn't force any service or platform to accept CBDCs while their primary focus behind creating it is leaving Bitcoin and other cryptocurrencies behind and make all the services and platforms accept and utilize CBDCs.

The spread of CBDCs will definitely hurt Bitcoin or altcoins in one way or another. There won't be peaceful changes within the industry and the authorities will force their way away and they don't care about anything coming their way.

[len01]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

You are either too innocent or you don't really watch the news and read about current affairs within the blockchain industry, otherwise, you wouldn't say that governments wouldn't force any service or platform to accept CBDCs while their primary focus behind creating it is leaving Bitcoin and other cryptocurrencies behind and make all the services and platforms accept and utilize CBDCs.

The spread of CBDCs will definitely hurt Bitcoin or altcoins in one way or another. There won't be peaceful changes within the industry and the authorities will force their way away and they don't care about anything coming their way.

yep agree with your statement, this will greatly affect the future of crypto gambling (bitcoin and altcoin) which can be replaced by this CBDC.
it's even worse when reading some of the replies, this CBDC is controlled by the government which in the future we can always be detected by the government all our transactions, like centralized.
whereas we gamble using crypto to maintain our anonymity as gamblers and there is no need for anyone to know how much we transact.
and if casinos are forced to accept this CBDC I think it will be bad in the long run.

[maydna]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

We hope so but cannot know what the government wants in the future. If they want CBDC to be adopted by any service platform, they can do it easily because they can force it on any service owner. However, the government really doesn't like crypto that can protect the anonymity of its users so maybe in the future, the government will still ask for services to add CBDC to its system. Hopefully, it doesn't affect bitcoin and other cryptos, but we just have to be more careful. Perhaps, using CBDC provides convenience for ordinary users but not crypto users.

None is gonna affected by the CBDC inclusion, because people who have used cryptocurrency for gambling will never move to fiat or something else further. As stated fiat users could find CBDC to be something more advanced and use it. CBDC is nothing better than the digital format of fiat. It favours the government providing each and every transaction, so this is going to be a choice for fiat users and not the cryptocurrency users.

Indeed no one will be affected by the CBDC, and people who already use crypto for gambling will also pass it on. But casinos connected to the government may be asked to implement CBDC. The government may also emphasize casinos encourage their users to use CBDCs rather than stable coins or crypto. But I think the government will put more emphasis on CBDC on other platforms, such as online shops or local shops, with the excuse of reducing physical contact using paper money. And this may reduce the growth rate of crypto to be used as an alternative payment in online stores or local shops because people can use CBDC.

[jrrsparkles]

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

We hope so but cannot know what the government wants in the future. If they want CBDC to be adopted by any service platform, they can do it easily because they can force it on any service owner. However, the government really doesn't like crypto that can protect the anonymity of its users so maybe in the future, the government will still ask for services to add CBDC to its system. Hopefully, it doesn't affect bitcoin and other cryptos, but we just have to be more careful. Perhaps, using CBDC provides convenience for ordinary users but not crypto users.

That is what I am saying as well, even if they force CBDC as one of the accepted payment which still won't affect the crypto as well as online gambling market because now itself the centralised gambling platforms are centralised along with mandatory KYC for withdrawal so privacy neither anonymous nature of decentralised money will not work in centralised platform anymore.

[madnessteat]

The governments of many countries are always introducing innovations ostensibly to improve the safety and quality of life of their citizens. In fact, all innovations, including CBDC, are introduced in order to better control financial flows. I think that no one needs to explain that after the introduction of CBDC, the government will be able to freeze funds in any unwanted purse. As for the casinos, they will simply be forced to integrate payments into CBDC.

[slapper]

The governments of many countries are always introducing innovations ostensibly to improve the safety and quality of life of their citizens. In fact, all innovations, including CBDC, are introduced in order to better control financial flows. I think that no one needs to explain that after the introduction of CBDC, the government will be able to freeze funds in any unwanted purse. As for the casinos, they will simply be forced to integrate payments into CBDC.

Governments, the shepherds of innovation, often harbor ulterior motives when introducing new schemes, and CBDC is no exception. They laud the virtues of security and convenience, but their true agenda is nothing more than power.

With CBDC, the government will wield unprecedented clout, empowered to freeze funds and surveil every transaction. This is a grotesque intrusion on our privacy and basic liberties. We cannot allow the government to possess such dominion over our fiscal lives.

And what about the casinos? They'll be forced to integrate CBDC payments, augmenting government control and curtailing players' freedom. This is an intolerable affront to our rights

[Silberman]

The governments of many countries are always introducing innovations ostensibly to improve the safety and quality of life of their citizens. In fact, all innovations, including CBDC, are introduced in order to better control financial flows. I think that no one needs to explain that after the introduction of CBDC, the government will be able to freeze funds in any unwanted purse. As for the casinos, they will simply be forced to integrate payments into CBDC.

And this is the main issue with CBDCs, they may seem to be as bad as their fiat counterparts but in fact they are many times worse, governments and banks will in a way fuse while at the same time governments will gain complete control over the money supply, this means that if at some point they decide that buying a certain item is no longer beneficial to them they can reject all transactions regarding that item, this is similar to what we already see at China and obviously I do not want to see this on the country where I live.

[BobK71]

Whether the CBDC is accepted it not, I do not think it'll enhance the economy or reduce the current inflation.
It is not a crypto currency afterall. But I think it'll be easier to adopt the CBDC as legal tender than to adopt crypto currency.

CBDC is developed by the government of course it will be adopted as an alternative to the real fiat we use right now. Basically, it's what we are going to be using, it's going to be normalized and we can use it anywhere including gambling online.

But they do have digital control of your spending, if they see you spend more on gambling I guess they can turn off your app to not work on casinos and you can only buy Mcdonald's chips. 

I don't think that the control that they wish to gain is to safeguard users or to prevent them from losses or spending a lot of money on gambling or anything else, but their primary goal will probably be to impose taxes on the users based on their financial activities, and if we use CBDCs, we will literally give them the right to keep an eye on our expenses and finances.

I agree with you. Because why CBDC would come to establish their authority in crypto platform? Of course they will mark out clients and accepting tax from them can also be a prime motive. The gambling industry is now far ahead of any other industry. And the government of every country also realizes this.They want to control over gamblers while gamblers want freedom. So it is certain that gamblers will never accept their authority. They will never go back to Fiat.

[stomachgrowls]

Whether the CBDC is accepted it not, I do not think it'll enhance the economy or reduce the current inflation.
It is not a crypto currency afterall. But I think it'll be easier to adopt the CBDC as legal tender than to adopt crypto currency.

CBDC is developed by the government of course it will be adopted as an alternative to the real fiat we use right now. Basically, it's what we are going to be using, it's going to be normalized and we can use it anywhere including gambling online.

But they do have digital control of your spending, if they see you spend more on gambling I guess they can turn off your app to not work on casinos and you can only buy Mcdonald's chips. 

I don't think that the control that they wish to gain is to safeguard users or to prevent them from losses or spending a lot of money on gambling or anything else, but their primary goal will probably be to impose taxes on the users based on their financial activities, and if we use CBDCs, we will literally give them the right to keep an eye on our expenses and finances.

I agree with you. Because why CBDC would come to establish their authority in crypto platform? Of course they will mark out clients and accepting tax from them can also be a prime motive. The gambling industry is now far ahead of any other industry. And the government of every country also realizes this.They want to control over gamblers while gamblers want freedom. So it is certain that gamblers will never accept their authority. They will never go back to Fiat.

As always or in default on which it would be understandable that the government would really be liking to monitor out everything which neither fiat or cbdc it would really be giving out the same old story.

We already have fiat platforms/companies which some gamblers had flocked out and totally decide to deal with sites that does have coin payment which are totally anonymous and decentralized which it cant be able to
be monitored and this is where some people do really prefer on having on and this is why crypto gambling did really make such huge support and recognition.

I dont see any future of CBDC to be applied on gambling and just been said that it is really just the same on having fiat with these things.