China crackdown against gambling streaming

[noormcs5]

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

[tusandii]

Isn't China one of the countries that have legal gambling permits?
Maybe what is banned is an illegal gambling platform that affects the performance of an official platform or legally licensed so that the prohibition and blocking is aimed so that registered casinos can increase more rapidly compared to illegal platforms that are spread.
After all, when a platform that has legal permission can develop more rapidly, the taxes that will be obtained by the Chinese government will also be even greater.
All of this is a strategy carried out by the Chinese government to be able to make more money, just like Bitcoin, which they banned before, also related to the large amount of money they want.
I feel that China has a big goal to be able to reap benefits from every existing industry and is willing to put some restrictions in order to make all of that happen.

[jrrsparkles]

Gambling is already restricted in China where Hong Kong, Macau, and Taiwan are only excluded from these restrictions so removing the streaming will not have any effect at all in my opinion. If I am not wrong most streaming platforms in China is not available for example youtube, google maps even the TikTok they have separated one for China alone then Google and apple pay almost everything so CHina is keen on building their own ecosystem which is completely controlled and censored by the government so don't expect them to be a democratic country where freedom of speech is allowed.

[ethereumhunter]

It seems that it will have a negative impact on the gambling industry. But as far as what the negative impact will be, we don't really know because this is probably still new news that has yet to spread so widely so it might still take time to see what kind of impact it will have. But if you look at what happened in the crypto market when China banned crypto, it did have a negative impact that was immediately felt on the crypto market even though it is gradually recovering. At least we have seen the impact on the crypto market.

But hopefully, the negative impact that has occurred in the gambling industry will not significantly impact the crypto market and will only impact the gambling industry in China and not spread to other places. At the very least, we already know how people from all over the world will react if China makes its decision. And China is smart to use every moment to shake the industry and market.

[mindrust]

China is such a pain in the ass. They are fighting anything that's fun for the people. I think it is because China don't want their citizens to have fun. The Chinese gov wants the citizens to work like a robot and do nothing else. Eat, drink, work and sleep. That's it. (shit and pee too) Trading crypto? Nope. Watch gambling? Nope. Getting drunk? Nope, you will have a bad social credit score. How can anybody live under a regime like that? It is crazy. I drink whenever I want, fuck whenever I want and I gamble whenever I want. Fuck China.

[len01]

Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

-snip

will never take seriously about a country's gambling ban that could affect the gambling business throughout the country.

its about online gambling. so far, we know how online gambling is developing where when a country prohibits gambling activities which are considered as violating state laws, in reality there are still many gamblers from that country still gambling on any gambling sites. on the one hand, if China really bans gambling or bans any gambling activity, the owner of a gambling platform will not worry about a decrease in their revenue because there are still many other places to advertise their sites to keep a large number of customers. so there is no worry about losing customers because technological developments support the online gambling business to continue to grow.

but if we talk about land casinos there is no other choice but to comply with the rules of the country that have been set or if not switch business from land casinos to online casinos to keep running their business.

[Ziskinberg]

This indicates that gambling in China isn't easy, with citizens unable to access online gambling platforms unless they are authorized. This isn't a novel development, as China often makes significant headlines—such as banning Bitcoin and other attention-grabbing investor-related actions. Despite their actions, consider the market's current status; even with such measures, we're still flourishing. The outcomes may lead to revenue decreases for some, but the global landscape is expansive. It might be wiser to concentrate on countries that have a more favorable stance towards gambling.

[bittraffic]

China is such a pain in the ass. They are fighting anything that's fun for the people. I think it is because China don't want their citizens to have fun. The Chinese gov wants the citizens to work like a robot and do nothing else. Eat, drink, work and sleep. That's it. (shit and pee too) Trading crypto? Nope. Watch gambling? Nope. Getting drunk? Nope, you will have a bad social credit score. How can anybody live under a regime like that? It is crazy. I drink whenever I want, fuck whenever I want and I gamble whenever I want. Fuck China.

And there is a reason for that of course. Which any government would also like to do to their people.
This crackdown is due to them suspecting the live-streaming features may be used for illegal gambling. I think will not affect the crypto but only the fiat casinos on their platforms where the 86Research’s analyst says this will eliminate 20% to 70% of live streaming revenue.

So this crackdown doesn't involve Twitch or youtube streamers.

[Juse14]

Isn't China one of the countries that have legal gambling permits?
Maybe what is banned is an illegal gambling platform that affects the performance of an official platform or legally licensed so that the prohibition and blocking is aimed so that registered casinos can increase more rapidly compared to illegal platforms that are spread.
After all, when a platform that has legal permission can develop more rapidly, the taxes that will be obtained by the Chinese government will also be even greater.
All of this is a strategy carried out by the Chinese government to be able to make more money, just like Bitcoin, which they banned before, also related to the large amount of money they want.
I feel that China has a big goal to be able to reap benefits from every existing industry and is willing to put some restrictions in order to make all of that happen.

Hmmm.. it seems we have the same thought, because illegal gambling has mushroomed everywhere. and restrictions as well as blocking of these illegal gambling sites really need to be done besides being able to harm the government and the state because they don't contribute taxes. Illegal gambling sites can also harm the players because illegal gambling sites are very vulnerable to cases of fraud.

And it is true that if these illegal gambling sites continue to run rampant, then this will be the biggest loss for the leading gambling platforms that already have permits from the government.

[Negotiation]

A part of china and well known to the world for its casinos and gambling but china usually shows its interests here and deprives the people of their entertainment causing the victims to lose huge amounts of money. The chinese government has made its stance on cross-border gambling crackdowns important to the nation, and china is clearly pointing the finger at Manila, saying it hosts a large number of online casinos targeting china. This is affecting china's interests and undermining their financial supervision and security. The government is asking smaller countries to be part of or support the crackdown efforts it has initiated. But it's more of a loss for china that citizens can never thrive without entertainment.

[piebeyb]

I think maybe China has its own reasons to stop it, on the one hand I also don't really like the media which sometimes often makes news with clickbait titles to make the crypto market fall, since long ago I was a person who never cared about any news about China banning crypto or bitcoin, it doesn't matter in my opinion because without them bitcoin and crypto are still going on.

The same goes for casinos, even though it might affect it a little but I don't think overall gambling activities in the world will stop, everything will go on as usual, it's just that Chinese people can't play gambling and have fun anymore because the government took away their rights, but I also don't understand the steps they take there may be other things that we don't understand so I don't want to go too deep into blaming them for that. 

[coin-investor]

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

All the Chinese content platform have their reason why they are banning gambling streaming

NetEase’s Cloud Music :  The change was described as an improvement of its “internal controls mechanism” in combination with “stricter monitoring over irregular user activities.

Huya : sought to elevate the experiences for its customers and create a “healthier” atmosphere.

China :  the dedication of the country to fight against such activities at all costs and reduce the money leaking into illegal gambling.

That is their reason for banning gambling streaming because

In light of the country’s strict laws on gambling activities, law enforcement and other agencies constantly monitor different activities and investigate cases of illegal gambling or other gambling-related crimes.

They think and conclude if they stop this gambling streaming they will stop the promotion of gambling and they can stop these gambling-related crimes, It is more on law and order and full control of the peace situation in China.

China is not the only one that's implementing this,  in our country we have ongoing campaigns on the promotion of illegal gambling that leads to crime.

[Oshosondy]

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Gambling is completely different from cryptocurrencies. Also China ban bitcoin and other crypto, but the price of the cryptocurrencies dropped and increased back. But what will happen to gambling? If there is no more gambling in China (but which is not possible), only what would happen is for the gambling platforms to move elsewhere. Although some gambling platforms that solely depend or mostly depend on Chinese people may collapse, but nothing would happen to online gambling. More Chinese will even move to gamble online.

Isn't China one of the countries that have legal gambling permits?

Gambling is banned in China.

Gambling is already restricted in China where Hong Kong, Macau, and Taiwan are only excluded from these restrictions so removing the streaming will not have any effect at all in my opinion.

I do not know much about this but first thing that I know is that Taiwan is not part of China as of now. Only Hong Kong and Macau can be regarded as part of China and they allow gambling because they are like countries on their own but China still control them.

Also that as China ban gambling, gambling is still well established in China.

[Slow death]

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China.

today china is nothing in the cryptocurrency market, i'm talking in terms of power to influence the price and threaten the miners as they constantly did in the past. today when or if the government of china criticizes bitcoin or any altcoin, this criticism does not affect the price, that's because in the past they constantly did this and people learned their lessons and became more independent from china and the market currently does not suffer anymore with negative news that the Chinese government talks about bitcoin. this great fact that this market has stayed away from the influence of the Chinese government is undoubtedly the greatest achievement that the cryptocurrency market has achieved

Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

on this subject, I have been reading for years that gambling is prohibited in china, but that there are some areas that are an exception, but this prohibition is for physical casinos, as far as I know and I could be wrong online casinos are not completely prohibited, but they have some restrictions, now if this is really true it does not mean that a person who lives in china can play in some crypto casino, that's because china has banned cryptocurrencies, although according to the newspapers that I have been reading the Chinese still trade cryptocurrencies on exchanges, so I assume they also use crypto casinos

I don't know if China is on the list of restricted countries in all casinos, in case they are not then the Chinese will continue to use the casinos, and about the Chinese government banning gambling streaming, honestly this will not create a disaster in this industry because the Chinese will continue to play and there are many other gambling streaming from other countries that will continue with their gambling streaming and in their countries, so the casinos will continue to pay the guys who live in the countries where their governments allow gambling streaming. that is, the market does not depend on China for anything

[rachael9385]

China is such a pain in the ass. They are fighting anything that's fun for the people. I think it is because China don't want their citizens to have fun. The Chinese gov wants the citizens to work like a robot and do nothing else. Eat, drink, work and sleep. That's it. (shit and pee too) Trading crypto? Nope. Watch gambling? Nope. Getting drunk? Nope, you will have a bad social credit score. How can anybody live under a regime like that? It is crazy. I drink whenever I want, fuck whenever I want and I gamble whenever I want. Fuck China.

Hahahaha 
Anyway this is not funny, but why is China doing this?

With this prove alone it shows that sonner those who went to China to have fun will be living the country because the government have restricted them from having fun, if a country have rules like this it will make the country too boring for the liken from their visitors and they will starts living the country to either there own country or another country that doesn't have such rules.

[Kakmakr]

Everyone thought that Bitcoin mining would collapse after the Chinese government effectively banned Bitcoin mining in China and it did not happen.  The Chinese citizens found alternative ways to continue mining, even if it caused them to relocate to other countries. 

We also know that the Chinese citizens are very clever citizens and a firewall are not stopping the things that are banned in their country. People find ways to circumvent these measures, without the government knowing it.

The positive thing is... if they relocate to another country, then their taxes will go to another government, where it is allowed. (They can gather coins and take gambling holidays in countries where it is not banned) 

[swogerino]

Why I am not surprised at all?That is because China is ruled by a communist party and nothing good come out from such thinking,no matter that they claim that they have an open economy they still control everything,I mean the communist party that is having a look over everything,kinda like in Russia.They have banned Google,they have banned Bitcoin and you think that they will leave streamers from gambling win money through such streaming platforms.You can never expect anything good from a communist country and China showed themselves when they cracked down all Bitcoin mining in May 2021,since that month I have not give a damn about what happen there and not that I am giving a damn now.I have no job or business whatsoever with such country.

[Iranus]

I think maybe China has its own reasons to stop it, on the one hand I also don't really like the media which sometimes often makes news with clickbait titles to make the crypto market fall, since long ago I was a person who never cared about any news about China banning crypto or bitcoin, it doesn't matter in my opinion because without them bitcoin and crypto are still going on.

The same goes for casinos, even though it might affect it a little but I don't think overall gambling activities in the world will stop, everything will go on as usual, it's just that Chinese people can't play gambling and have fun anymore because the government took away their rights, but I also don't understand the steps they take there may be other things that we don't understand so I don't want to go too deep into blaming them for that. 

I think this decision is taken to reduce gambling addiction. I honestly do not know about this in depth. But I personally think that when gambling is allowed in a country, the money sometimes gets laundered between different channels and gambling houses and casinos can actually invade the tax. Probably that’s why the decision was taken. But I am just assuming it, but this is a bold decision taken by the Chinese government. Of course, the Chinese government must have a plan in mind for which they have taken this decision. But my opinion is they could set limitations or license systems rather than shutting down totally.

[Wexnident]

China is one of the leading industries after US and the decisions they make have a global effect. For example, when they say that they will ban Bitcoin, this has a negative effect across crypto markets globally and not just China. Will this gambling ban affect the overall gambling business worldwide? That is yet to be seen.

Now that Chinese Content Platforms Reportedly Exclude Live Streaming Features, this has caused the revenue decreased in those platforms. It is obvious that if you block gambling streaming, then those people won't use that platform if they were using it previously to watch those streams.

Also, the Chinese were very keen to block the illegal gambling platforms and they also block payments in millions from those gambling casinos.

I guess this is one method of China accepting gambling, but limiting its influence over the country? This is kind of the idea I had that countries who ban gambling should do instead of, well, banning it. How big of an effect it has though, idrk. It might be too big to the point casinos might just close down, but finding that sweet spot would take a lot of time.

I doubt this would have a global effect though. Some countries just naturally have a positive attitude towards gambling since it's part of their culture/history, I reckon it'd take a LONG time before they even start making big changes like China did. And even if they actually did, again, gambling wouldn't necessarily die imo (at least when I'm still alive).

[dothebeats]

So basically, they just don't want to lose on the profits hence why they are trying to ban illegal gambling platforms. IMO there's nothing wrong with that, given how much money can be lost in those places that could have been converted to taxes instead. What I don't get is banning gambling streaming, though. They literally have lots of gambling houses around the country, and it's also legal in China to gamble so long as you are playing in a platform that has the necessary permits. Idk what they're trying to achieve here since they're kinda okay with people gambling and losing a ton before.