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

[Mr.suevie]

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

I guess you are right on that note, because I have faced similar situation when I had secured a big win and was asked to provide kyc for my withdrawals, I was kind of disturbed by the persistent request for my proof of identity as the details I used in registering was that of my wife and she was on holiday and her details were unavailable but the only hope I had was that the platform was under government control as its registered under a gambling license in my country so I had to call and lay and proper complain and I was asked for proper clarification in their head office and every issue of kyc was rectified and I was paid it full all my winnings but harden been it was an illegal casino I would bet all my winning would be gone as their will be no one to complain to.

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[el kaka22]

I would guess that if you do not have any problems about running legit then you should be wanting the casino to be part of governments awareness. That much is true, but if you are a casino I am sure you will want less government, not just because you would be able to do shady stuff thanks to no government, but even the fact that you won't be paying taxes if government doesn't know you means a lot.

However, no casino can get bigger without government, it would be quite difficult to handle and I would guess that not many people will be able to do it. I want to make sure to point this out better, if you are a casino, and if you get big, government will find you no matter where you hide.

[jrrsparkles]

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.

Title and context seems to be not in sync so I don't know which one I have to answer so let's go with both.

Yes, individual or group of people can offer gambling service to people forever without being noticed by government and its happening all over the world especially where gambling is prohibited and restricted.

About CBDC the policy seems new because I don't know any regulated centralized casino should add CBDC in their platform even if they were forced to do still people can choose which one they want to deposit. However being regulated gambling platform shares the information with government anyways so either its CBDC or Bitcoin still you can be tracked.

[SirLancelot]

it very likely could run without government knowledge. after all it's decentralized casino that usually preferred by users who are not happy with KYC, to me both are the same whether it's a decentralized casino or a casino that is officially associated with the government. although the regulations are stricter but as long as it can be trusted I have no problem, I've only seen decentralized casinos very rarely last a long time usually they go bankrupt faster and disappear.

Governments are aware with crypto and so with the decentralized casinos but they are only good at staring it. They can't do any actions to regulate or shut it down because that is already away of their reach. Long time ago, KYC is not a thing in all types of crypto casino but unfortunately the scene is slowly changing but I think there's still a few centralized casinos who doesn't ask a KYC especially if you are only playing with minimal amounts.

I still prefer them over their decentralized counter part, the same goes when using a crypto exchanger. I feel safe here and the convenience is also there (excluding KYC of course because this one is hassle).

[Fortify]

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.

It definitely can and as others have said, in the early days of Bitcoin this was often the norm, because it was considered a new wild west territory that did not get much attention from gambling regulators who might have deemed it a passing fad. It's even possible nowadays, but probably much harder because ultimately the owners want to get paid, or at least need to cover bills, so they would have to be able to generate - at the very least - front companies to convert some of the funding via banks into fiat for regular business bills or staff salaries. At that point, unless they are being a bit tricky with their wording, then the banks are definitely going to want to know a more detailed source of funds and may start asking the business to validate their customers to be sure that no nefarious money washing is taking place.

[Lanatsa]

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.

Decentralized on the sense that it will just accept decentralized coins? or
Decentralized on the way that it isnt really that been regulated or doesnt abide any rules or simply having license?

We know that it is really that hard to oppose when it comes to regulation specially when you are running a business which do involves
huge money in regarding about incoming and outgoing which we know that it is really that not something the government would let it pass.

[ultrloa]

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.

Title and context seems to be not in sync so I don't know which one I have to answer so let's go with both.

Yes, individual or group of people can offer gambling service to people forever without being noticed by government and its happening all over the world especially where gambling is prohibited and restricted.

Yes they can operate illegally and can offer it to people who can possibly try there service to offer. But the problem there is many people at this days will ask about there license and if they cannot show anything related especially they are new some of people will doubt about their legitimacy. Also worse there are some trolls will try to destroy their operation and throw shady accusation against them. Although this is not necessary needed but people nowadays are looking for something legal holdings so that they can assure that they are in safe casino.

[qwertyup23]

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.

This is possible but they are potentially throwing away everything as there is a hanging sword of Damocles on their position.

If they operate illegally without a license, this puts a toll on its identity as a gambling website. Anytime, the government can track down and check their license if they follow all the necessary requisites of operation. In addition, I also doubt that players would invest their time and resources in this kind of online casino given the fact that anytime it could shut down.

If a gambling website plans on operating without a license, then might as well just shut down due to the extreme risks involved in operating this kind of scheme.

[adzino]

Yeah, it's possible to run a decentralized gambling platform using blockchain technology. These platforms, also known as Gambling dApps (decentralized applications), can operate without central control, which makes it difficult for governments to monitor or regulate them. I think there already are such few casinos out there, but not much popular like regular casinos due to some reason that I don't even know.  Likely cause decentralized platforms could have their own set of risks, such as lower user trust (the developers can anytime change the "rules") and potential technical issues that would be such a mess to solve. But you should also keep in mind that even though these platforms might not be under direct government control, they may still face legal challenges if they operate in jurisdictions where gambling is heavily regulated. Even players might face legal problems when playing in those casinos.

[sunsilk]

Yes they can operate illegally and can offer it to people who can possibly try there service to offer. But the problem there is many people at this days will ask about there license and if they cannot show anything related especially they are new some of people will doubt about their legitimacy. Also worse there are some trolls will try to destroy their operation and throw shady accusation against them. Although this is not necessary needed but people nowadays are looking for something legal holdings so that they can assure that they are in safe casino.

True. Gamblers are also curious these days and something new won't be too confident with us anymore, we're looking for assurance that the casino we're at has a license.

Well, it's true also that a casino can operate without government's presence but if they've been found to be operating under their territory illegally, they'll be subject to their terms and rules.

[ralle14]

When it comes to the government's awareness i'd say casinos can only pull it off for a certain time because I remember seeing casinos that didn't have a gambling license initially then eventually got one after they found enough success.

True. Gamblers are also curious these days and something new won't be too confident with us anymore, we're looking for assurance that the casino we're at has a license.

Well, it's true also that a casino can operate without government's presence but if they've been found to be operating under their territory illegally, they'll be subject to their terms and rules.

It still depends on the type of license because the Curacao license that can be seen in most crypto casinos doesn't provide that much value.

[mindrust]

Every now and then those decentralized services still need some human interaction and that alone makes them semi-decentralized and that means the gov will find that “human” sooner or later and tax him.

I believe it is possible to create decentralized dice casinos but when it comes to sports betting, everything changes. A decentralized casino can’t handle this kind of task. These “decentralized “ sports betting casinos need input data and that data is human generated. So there will always be a human managing this data and that will be the weak spot of these projects.

[Darker45]

Although there are crypto gambling platforms that are labeled as decentralized, I don't think they are truly decentralized. They may be using the blockchain technology, but they are everything but decentralized. They have known owners who run the operation. They have official headquarters. They are registered. They comply with their taxes and other responsibilities. In other words, they are like a normal company. So they can't be decentralized. After all, gambling is heavily regulated.

[alegotardo]

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, it is possible for them to work with a decentralized platform.
However, I challenge anyone to name me 5 decentralized gambling sites that have good gaming options, are reliable and still have an attractive bonus and rewards program.
Does anyone take a risk?

Unfortunately, decentralized gambling platforms decrease every year and it becomes more and more complicated for you to place bets without the governments knowing about it.
The era of privacy with cryptos in general, for any area, is not the same as it was a few years ago and my perception of this is that it will only get worse.

[Hispo]

I think it is possible for someone with the enough capabilities and money to run a fairly decentralized casino and that casino would likely not have a license.

Now, that being said, the governments of the world who monitor our activities on Internet would be indeed aware of the existence of such service in the internet and would start to monitor the addresses and the path of the funds, as soon as the casino start to catch a considerable volume on deposits and withdrawals.

Having or not a license is very different than authorities not noticing you.

[wxa7115]

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.

This is possible but they are potentially throwing away everything as there is a hanging sword of Damocles on their position.

If they operate illegally without a license, this puts a toll on its identity as a gambling website. Anytime, the government can track down and check their license if they follow all the necessary requisites of operation. In addition, I also doubt that players would invest their time and resources in this kind of online casino given the fact that anytime it could shut down.

If a gambling website plans on operating without a license, then might as well just shut down due to the extreme risks involved in operating this kind of scheme.

Even if technically a decentralized gambling platform can be created and thrive under the right circumstances, governments have very strong regulations when it comes to gambling, so any person trying to do that will eventually clash with the government if their casinos get big enough.

And while Satoshi was able to create bitcoin and get away with it, this is because he choose to be not confrontational and disappeared without ever touching his coins, while the owner of such casino does not have this luxury, which means governments can track him and eventually put him in jail once they find him.

[Don Pedro Dinero]

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

Gambling sites have choice to accept a coin or not accept it, although CBDCs are not coins, they are fiat.

Yes, it is. The OP's argument starts from a false premise. Of course a gambling platform can operate without government awareness, and platforms can decide whether to accept CBDCs as a payment method or not. However, if they operate under the table, they would normally not accept it because it would be like shooting themselves in the foot.

[traderethereum]

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

Gambling sites have choice to accept a coin or not accept it, although CBDCs are not coins, they are fiat.

Yes, it is. The OP's argument starts from a false premise. Of course a gambling platform can operate without government awareness, and platforms can decide whether to accept CBDCs as a payment method or not. However, if they operate under the table, they would normally not accept it because it would be like shooting themselves in the foot.

But when the gambling platform has become big and the government is starting to approach it, it's time for the gambling platform to get some regulations that the government will give.
And gambling platforms may be asked to add CBDC features in their casino deposit and withdrawal section because the government wants to know how many people are using CBDC.
Casinos or gambling platforms can refuse it for many reasons, but gambling platforms cannot fight the government, especially the corrupt government.
Crypto casinos shouldn't get things like that so we can still use crypto to gamble.

[gunhell16]

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.

If the choice of a gambling platform is also CBDC, what you say is a decentralized platform is vague. Because CBDC is not decentralized, but rather a centralized or regulated business.

I don't know why you thought that, but being a decentralized dude is far from the truth. Maybe crypto gambling which we can say is decentralized is like olw games because you connect the wallet address you want so you can play gambling on their platform. And no KYC at all.

[Mauser]

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 of course it's possible to run a decentralised gambling platform. Depending on where you are from it's true that the government wants to have some information about your business and you might also be required to obtain a gambling licence. Usually this transparency towards the government is not resulting in any operative impact for your gambling business, it's mostly in place to protect your customers from any kind of fraud and to pay taxes of course. Using digital currencies that can easily be traced is making sure that government knows about all the money that flows in and out of your business. The only real solution around it would be to base your company in a country with much less restrictive regulation of the gambling industry. Another question would be if that is really necessary as some form of regulation makes your casino seem more trustworthy.