Can a casino ever run without the government's awareness?

[Yogee]

[.....] , but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too,

I said it before that I have no issue against CBDCs accepted in online gambling platforms but to say they have no choice is a stretch. The decision still belongs to these casinos. If they see there's a high demand or customer request then they can add CBDC as payment option. They can also stick to fiat payment gateways or crypto if they think it's not necessary to add more.

and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

You don't have to use it but Government agencies can still track you if they really want to. These platforms claiming to be decentralized are still centralized in some way. Where do you think their server are running?

[livingfree]

Governments can't monitor all of those casinos.

And that's what those developers are trying to take advantage and they'll just comply to the government of their jurisdiction if they've been caught and called.

But as long as they're like wild and free for their operations, they'll just do nothing so it's very plausible that a casino can run onto their jurisdiction without being noticed.

[Hirose UK]

In a few years ago it would have been possible for casinos to operate without the knowledge of the government but now that is impossible.
The government always seeks and interferes with every casino business that is established by its citizens with the aim of being able to take advantage of it to get taxes.
The government already knows that the casino is a business with big money in it, so the government will ride it and make it an asset for them. They don't want to know if the casino is small or big as long as it is still operating, the government will ask for a certain amount of tax and it is mandatory.

[Plaguedeath]

It's possible, but it's not convenient for the casino owner since he need to develop his casino from scratch. Just ask yourself, do you want to choose on a decentralized casino if you can only play dice, crash, mines? as for sportsbook, you can only bet on moneyline option and there's no other betting option, don't forget the casino will not have any promotions too because it's impossible to ban a cheater if the casino is decentralized.

[Maxre]

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

When Bitcoin was created and after sometime I have seen that some Casino were built on DeFi platform and they were running without any government officials.
And also I have heard that Indian Government has shut down 100 plus Gambling sites that use crypto directly or indirectly. And I can say that Now governments are more strict than before and they are going for a regulation.

[Strongkored]

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

Of course you can, and as far as I know it already exists at the moment, only what will be a problem is everything decentralized is always the second choice after centralization, we can see on exchanges many don't like it after so many hack news, but centralization is still more at the forefront of decentralized exchanges and it will also happen to decentralized gambling sites, players will only use it as a second choice and the current casino is the first and most used.
Not really following about CBDC if the reason for creating a decentralized casino is because you want to avoid CBDC but don't get a lot of players who are profit givers, so actually it's not worth it at all, especially for gambling site owners whose main goal is to get big profits and I think they will still in the current form of casinos even though they have to follow the rules of the government.

[pawanjain]

It's definitely possible to run decentralized gambling platforms but it has its own set of challenges as well.
Talking about CBDC, even if the governments force it upon exchanges, there will still be other coins which the exchanges will still keep accepting.
So people will prefer the coins which they are currently using and CBDC will just be another option.

[rhomelmabini]

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

Yes anyone can run it but getting known and wanting it to be steady then you need to comply within your jurisdictions. Well, we can't say that this kind of stuff will still be possible in the future considering how the government is adopting things and getting strict every day, decentralization will not be realized in the future.

[YOSHIE]

so that is what makes me think if it's possible to run a decentralized gambling platform at all.

As far as I know, legal gambling platforms are always under direct supervision and responsibility by the Chicago licensing authority, generally licenses are supervised by the government which is authorized to manage human resources, especially the funds of users involved in gambling.

For this reason, every gambling industry must be decentralized and prioritize the CBDC payment method for users who bet, I think the Chicago licensing authority will provide the best opportunities and answers for the gambling industry listed on the Chicago license, because decentralization is the main purpose of diversion, surely the gambling industry can easily run in a decentralized manner based on the rules set by the Chicago licensing authority, not a single obstacle and obstacle for a decentralized gambling business.

[OgNasty]

Is it possible to run a casino without the government’s awareness? Sure. People do it all the time. You hear stories of kids paying their way through college operating poker rooms, etc. is it legal? Of course not. I assume at some point you would reach a level of success that would bring government eyes on what you’re doing. So it’s possible, but it would be a ticking time bomb.

[maydna]

It's possible to run a decentralized gambling platform but when your casino gets crowded with gamblers and the regulators start watching your business, you must get ready to follow their rules. Regulators can do anything to pressure you by asking you to follow their rules. And regulators may also require you to accept CBDC as a deposit and withdrawal option for gamblers. And if it does apply to crypto casinos, we have to accept it and there is a possibility that KYC will be fully implemented by then.

[Merit.s]

Gambling is legal in many countries and in that country casinos must have a license to operate so that customers can trust them and for them to also make huge profits. A decentralized casino can run in a country that gambling is not allowed because of the fear of the government but note,that you are running an illegal business and if you are caught by the government, you might be sent to jail. Any casino that wants to hit it big must use a centralized system,so that they can build their trust on customers. Now imagine that you registered with a decentralized casino and you win big,if the casino refuse to pay you your funds,how will you claim your funds. Remember any good business that is illegal will end up crashing because it has no government back up.

[virasisog]

Indeed, it is possible but it could have consequences and risks in the future. Casinos could be built without the government being aware of it especially if it's online but when the number of users increases and there would be players who would testify about their winnings or share their reviews regarding the casino, they will surely track and look after it. Also, some gamblers prefer legit and centralized casinos for security and assurance in case they would encounter trouble with the casino in the future.

[Yatsan]

It can. There are many gambling sites out there without permission or being regitered, but still woking out well or still continuously operating. To sum, they are still doing thourthing without governments' permission for them to open. And I guess same scenario would be continuous despite lacking promotion from each government of countries. Problem only is for players who would happen to have a hard time operating especiially on publicized places or platforms. This is more evident with online platform wherein many gambling sites are running without permit. Another problem is players crossing over or meeting ones which happen to be fraud or scam.

[madnessteat]

People will always strive for decentralization and freedom, but regulators have very different goals. It is very important for them that all money flows are transparent and controlled. I think that as long as we have ways to bypass the system, they will be outlawed.  But I always advocated and will always advocate decentralization, even though I know it's a pipe dream.

[retreat]

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too, and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

From what I know, a decentralized system is a system that is not controlled and everyone can contribute to it, meaning it is a free and transparent system. It would be very risky if you implemented a system like this on a gambling platform, because as a platform owner you must be able to control your users and the games in it, by controlling like this you can avoid various kinds of fraud or manipulation that can be done by users.

And you can also run a gambling platform without needing approval from the government, there are many gambling platforms that operate like that. But it is illegal to run such a business, if you are caught you can be jailed and all your assets will be confiscated by the country in which you operate.

[kenshi222]

It's wish of most of the gamblers, but it was hard one.Because the gambling site was owned by the individual person,if the gambling site is owned by the person who is gamblers.Then the owner like to keep the gambling site with the benefits of other gamblers.Their is expectations in this case also, if the gamblers is selfish.Then the gamblers will not favour the gamblers.That website also became the owner favour one.It’s impossible to run casino without government knowledge.

It was the situation over a decade before.The online gambling without kyc is mostly trying to do work without the knowledge of the government.It doesn’t mean they are scammer,they not like to pay tax to the government for their earnings.But some casino which doesn’t required any kyc also sometimes stole our money and fly after some expected money was raised.

[Gozie51]

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running, but with the introduction of CBDC and yes a registered gambling platform has no choice but to accept CBDC too,

For a moment I think your topic and the post doesn't really flow in the manner it is understandable but then I got your point. To answer your first question, yes they can run without government awareness but as you have rightly answered your own question, casinos are business outfit that are established to make gains and what determines the amount of gain in a business is the strength of patronage so that contribute to direct an employer on the kind of business and strategy to adopt. To run casino without government awareness you may not need KYC which makes it decentralized but how many bettors desires to play in secrecy when the issue of trust is getting higher. So a casino can desire to run in government control, pay tax and have return on investment due to high level patronage.

and I don't trust this centralized currency, I believe CBDC will have the capability to monitor incoming and outgoing funds, so that is what makes me think if it's possible to run a decentralized gambling platform at all.

It is gradually becoming a normal for bettors to play on a regulated casino because of same trust you mentioned.

[Fiatless]

Yes, it's possible.
You know that the government will just intervene when the company is quite big already. They'll do all the means to track the owners down and make the business at risk by applying such laws that haven't been seen by the developers.
If the law states that they can't do it then that's questionable because they didn't enforce it when it was just launched. But it's because the company was too small to be considered and apply the law on them. That's mostly the status of many startups and even new casinos, it's like a test and dry run for them. If it's a success, they'll be recognized and too big not to be noticed.

Decentralized gambling might not be profitable because it will attract fewer customers. This is because people might not trust these gambling platforms, because they don't have a license to operate in a particular country. Gamblers will always want to deal with casinos that are registered in a jurisdiction in case of litigations.  CBDCs are centralized and controlled by the central banks of these nations and if the government mandates these casinos to use them, they don't have any option but to use It. The truth is that people will always prefer cryptocurrencies to using CBDCs.

[Rruchi man]

Is it possible to run a decentralized gambling platform? I know that all popular gambling platforms have no choice but to be transparent to the law to have a steady business running,

Gambling platforms have to be transparent to the law too if the owners have plans to create a long term business. Saying you want to run a casino or gambling platform without government awareness is the same as wanting to run a casino or gambling platform without proper licensing and documentation. If you run a gambling platform to avoid to the government (decentralized gambling), that can only work for a short time away from the eyes of the government, but it is not sustainable, and your business may just be shutdown just when you are about doing well.