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

[Oasisman]

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

It is. However, that casino will surely thrive in a very slow paced progress knowing that the clients or potential clients will have zero protection against any fraud and scamming attempts that the casino will do and about to do. The most challenging part of being a decentralized casino is gaining your clients' trust. One might probably go bankrupt even before the government found out that your decentralized casino exist.
We all know the government are always chasing against the businesses that's unregulated and avoiding taxes. So, being a decentralized casino bears a lot of risks.

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[btc78]

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.

as crypto being tailed by all the entity in the government because of these being profitable? it will be harder for the people and the businesses in gambling to sustain so they need to comply with the laws provided or else their business will be sued and eventually come to an end.

we have seen what happened in the biggest mixer crypto ever had so this has no difference from what gambling sites facing in the future.

[stadus]

While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

[ethereumhunter]

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.

This type of casino is not a centralized casino. The casino can also be asked to carry out KYC by the local regulator so that the casino must comply with the regulations. It might seem odd why a decentralized casino has to comply with the regulations of the regulator but that's how it is. Crypto casinos that were not asked to do KYC now some casinos ask their members to do KYC even though the casinos still ask for it randomly. And I just feel that in the future, more and more casinos will ask their users to do KYC.

[_act_]

While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

It depends on how decentralized the casino is. Assuming it is decentralized like how Tor is decentralized, or if it is decentralized just like how decentralized exchanges are, or just like the bitcoin network, it would be very hard for the government to take down. But just that people that want to go for casinos and build one, they see the centralized one to be better for them.

[AicecreaME]

While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

This makes sense.

Decentralized casinos could possibly attract a lot of attention because of the absence of KYC. The moment it becomes popular, there's a high chance that the casino will also attract the attention of the government officials in checking and monitoring their operations. It is possible that the state will ask them to register their business in order to operate. Otherwise, it could be banned from operating because of disobedience and lack of documents passed. The sustainability will be questionable too.

[len01]

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.

there is absolutely no way for the casino business to run without the knowledge of the government, tantamount to illegal gambling.
after all if gambling goes without government knowledge it is very difficult to get customers.
because customers also think about security if there is no legality from the government, it's the same as the threat if one day the government finds out about this gambling and after that it is closed and all customer funds are confiscated then the customer will feel disadvantaged.
especially if the casino asks its customers for KYC and when investigated by the government the customer is threatened with law because gambling in casinos is illegal.

[QueenVera]

Just from my thoughts, u think yes it is possible to create a decentralized gambling casino and in the early days of cryptocurrency, decentralized casinos were more rampard as there was no major attention on them but as the time goes on, people started misusing the crypto casinos and did a lot of criminal activities through the casino which includes money laundering and several of them which brought the attention of the government to crypto gambling casinos and forced the casinos into been centralized to avoid criminal activities through their platforms, hence I really don't see any major reasons to be shy away from centralized casinos as they also serve for the good of the gamblers because they also help to intervene when the gambler is faced with challenges from the casino.
Currently now, there some casinos who are decentralized bit you oigg to know that they aren't trusted since no one is there to monitot them .

[SushiMonster]

Is it possible to run a decentralized gambling platform?

Running a decentralized gambling platform should be okay, but there should still be government awareness and licensing regulations to protect players.


A casino needs to be regulated and known by the government to ensure fair play and prevent illegal activities such as money laundering. Additionally, regulation can help ensure that the casino is operating safely and responsibly, protecting both the players and the industry. Regulation can also be important in preventing problem gambling and ensuring that casinos are not exploiting vulnerable individuals. By requiring casinos to implement responsible gambling measures and providing support and resources for those struggling with addiction, regulation can help mitigate the negative impacts of gambling.

Furthermore, regulation can provide a framework for taxation and revenue sharing, which can benefit both the government and the industry. Governments can generate revenue and support public services and infrastructure by requiring casinos to pay taxes and contribute to local communities. While there may be some drawbacks to regulation, the benefits of ensuring fair play, protecting players, and generating revenue for society make it an essential aspect of the casino industry.

[CarnagexD]

I think it can but not for a long run. Maybe it can operate for a couple of months without being caught without getting caught by the authorities. Especially for business owners who want to optimize their casino business, and take advantage of the benefits that they can take from the law  they would like to make part of their business legal. Their credibility, success, and popularity will depend on how much they would want to risk.

[348Judah]

While it's not impossible, the question remains about the level of success. The concern is that once a decentralized casino becomes more popular, it will attract the attention of the government. If they discover that the casino is operating without a license, they could easily shut it down. Even if you try to explain that it's a decentralized casino, the government may not care and will enforce their rules.

Even if it becomes popular and gain public recognition as long as it remains decentralized the government cannot have access to getting them, being decentralized simply can quonote being anonymous, as long as your identity is not ensure with bthe government then you have overcome their effect, just as bitcoin exist but they have no one to hold responsible for the creation of bitcoin since Satoshi is anonymous and bitcoin pseudo anonymous, a decentralized casino can exist and functions without the government interference no matter how.

[Asiska02]

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.

Is it necessary for a gambling site to use CBDC even if they have been granted legal permission to operate? Only the payment methods available on such platforms allow you to play. If they refuse to use CBDC, they will not be monitored or tracked by the inflow and outflow of funds in the casino if at all the CBDC will be used for such purpose by the government.

[stomachgrowls]

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.

Is it necessary for a gambling site to use CBDC even if they have been granted legal permission to operate? Only the payment methods available on such platforms allow you to play. If they refuse to use CBDC, they will not be monitored or tracked by the inflow and outflow of funds in the casino if at all the CBDC will be used for such purpose by the government.

Are you sure?

How about using up that typical fiat? Arent they been tracked? Since these platforms or companies are regulated on which it would really be just that right or understandable that they would really be having that kind of
monitoring came from the government considering that this business does involved huge amounts, speaking about incoming and outgoing transactions then this could generate out millions of dollars or in fiat value
on which it is really just that understandable that government would really be tending to monitor it out.Its impossible that it would really be running under governments radar even before CBDC would really be
introduced.Its been long time regulated and monitored, it is really just CBDC's integration would really be just adding up on the options.

[piebeyb]

I think it can but not for a long run. Maybe it can operate for a couple of months without being caught without getting caught by the authorities. Especially for business owners who want to optimize their casino business, and take advantage of the benefits that they can take from the law  they would like to make part of their business legal. Their credibility, success, and popularity will depend on how much they would want to risk.

yes, as I said, it usually doesn't take too long for a decentralized casino because usually there are also many people who want to play at an official casino with government knowledge but unfortunately many refuse when it comes to KYC, so there are also official casinos that don't ask for KYC on small gamblers, there are several casinos that only provide informational data without having to provide an identity card or other important papers. but that doesn't mean casinos can't exist without government knowledge, they can still stand and operate

[DevilSlayer]

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.

there is absolutely no way for the casino business to run without the knowledge of the government, tantamount to illegal gambling.
after all if gambling goes without government knowledge it is very difficult to get customers.
because customers also think about security if there is no legality from the government, it's the same as the threat if one day the government finds out about this gambling and after that it is closed and all customer funds are confiscated then the customer will feel disadvantaged.
especially if the casino asks its customers for KYC and when investigated by the government the customer is threatened with law because gambling in casinos is illegal.

If a certain physical casino doesn't have complete papers, registration, and any legal documents to operate then that certain casino could be an illegal casino. There are reasons why they do not want to legally operate because they can lessen the cost of the business wherein they do not have any more expenses. As a gambler, it is our responsibility to be aware if the casino that are are playing is illegal or not because there are a lot of risks if the casino is illegal. One of the risk is the risk of getting in the jail, if you play or wager your money in illegal casino and the authorities saw you; your risk of getting in the jail is very high. I really do not know why there are a lot of gamblers out there who prefer to wager their money on illegal. Aren't they aware to the risks? There are now a lot of casinos not only in physical but also in online that you can have security and safety. When I play in popular casinos in my country, I do not have negative thoughts like being arrested because I know that the casino that where I'm playing is legal and they are operating following the laws and regulations of the government.

[michellee]

I think it can but not for a long run. Maybe it can operate for a couple of months without being caught without getting caught by the authorities. Especially for business owners who want to optimize their casino business, and take advantage of the benefits that they can take from the law  they would like to make part of their business legal. Their credibility, success, and popularity will depend on how much they would want to risk.

yes, as I said, it usually doesn't take too long for a decentralized casino because usually there are also many people who want to play at an official casino with government knowledge but unfortunately many refuse when it comes to KYC, so there are also official casinos that don't ask for KYC on small gamblers, there are several casinos that only provide informational data without having to provide an identity card or other important papers. but that doesn't mean casinos can't exist without government knowledge, they can still stand and operate

And that's why we can look for official casinos that don't really implement KYC so that we can play gambling more freely in these casinos. Maybe crypto casinos will be required to do KYC one day, but let's hope that's a long way off. But indeed, by following the rules from the government, normal casinos will not have any problems or difficulties because there is a law behind them that will provide support if something attacks them with false accusations. But we also have to be careful because who knows if there are casinos that work with corrupt employees and we don't know anything about it.

[Wakate]

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.

When we say government I think we need to specify the particular government we meant because there are some countries that do not have the time to monitor casinos or other private companies especially online. A casino need to be registered in a particular country for it to be known and accepted. Not all countries monitor online activities and it will be hard for them to track all transactions from a casino. Although government are trying much harder these time to check mate many of the online transactions to safe whether they are failing in there tax payment.

[Taskford]

I think it can but not for a long run. Maybe it can operate for a couple of months without being caught without getting caught by the authorities. Especially for business owners who want to optimize their casino business, and take advantage of the benefits that they can take from the law  they would like to make part of their business legal. Their credibility, success, and popularity will depend on how much they would want to risk.

yes, as I said, it usually doesn't take too long for a decentralized casino because usually there are also many people who want to play at an official casino with government knowledge but unfortunately many refuse when it comes to KYC, so there are also official casinos that don't ask for KYC on small gamblers, there are several casinos that only provide informational data without having to provide an identity card or other important papers. but that doesn't mean casinos can't exist without government knowledge, they can still stand and operate

And that's why we can look for official casinos that don't really implement KYC so that we can play gambling more freely in these casinos. Maybe crypto casinos will be required to do KYC one day, but let's hope that's a long way off. But indeed, by following the rules from the government, normal casinos will not have any problems or difficulties because there is a law behind them that will provide support if something attacks them with false accusations. But we also have to be careful because who knows if there are casinos that work with corrupt employees and we don't know anything about it.

But old casinos are starting to implement a KYC in their platform so for sure in future they can't avoid to submit this if they still want to play. Those non KYC compliant casino is hard to trust since to many scams are always happening so its hard to trust them if they will not follow or comply to what government ask if government want to regulate them.

[Cookdata]

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 a gambling platform that is fully registered and recognized by a government of any country, they should be ready to dance to their national law. If governments introduce them to a cashless policy and they accepted, they have no choice than accept the Central Bank digital currency but a gambling platform that is not registered or recognized doesn't have to do what the government didn't enforce on them but of course, they will be tame as illegal gambling and I wonder if governments allow decentralized governments, they are have been fighting decentralization of currencies and you really think they will allow decentralized gambling platforms, I don't think so.

[aioc]

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.

You can't, on offline casinos, it's not going to work and it can be considered a guerilla type of casino, on online casinos it can but it's not going to have the support of the majority of gamblers because even if we are supporters of decentralization and anonymity we want to play on casinos that are government compliant because online casinos are in the radar of authorities as a gateway of money laundering, and gamblers want to play at ease and they want to play in casinos that will have no issue with authorities.
So even if we don't like centralization is something gamblers are comfortable with here in the gambling industry.