China crackdown against gambling streaming

[slapper]

Look, no one disputes the magnitude of China's economic advancements. But let's avoid going too far with this. Yes, their choices regarding Bitcoin and cryptocurrencies tremble the global market. People inquire "How high?" when they say jump. But what about gambling?

Yes, they are stifling gambling streaming, and they have even severely harmed the revenue streams of their own entertainment platforms. Let's be clear on one thing, though: a country's decision to prohibit specific streaming services doesn't necessarily mean the end of the sector globally

blocking sites and payments for illicit gambling? They COULD be doing that, after all. Everyone ought should. That isn't a ground-breaking discovery. It is fundamental governance. But does every blip in China cause tremors all around the world? No, not always. But okay, let's keep an eye on the situation and see how it develops

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[madnessteat]

~snip~

It's long past time to get used to the fact that China lives its own life and many things there are radically different from things in other countries. So what if streaming platforms lose some of their revenue from China. Nothing terrible will happen for them, they already get super profits due to low competition in this segment. You may not know, but China's internet is also different from the rest of the world, and yet the Chinese have found a way around the great Chinese firewall. 

[elevates]

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.

In what sense did you come to the conclusion that China is a leading industry after the US? China is nothing but a good exporter of cheap materials or products globally. You cannot come to the conclusion that they are a big industry giant. BTW, they are slowly losing that position of a big exporter globally.

China is all about illegality which they do on the pretend of being legal. What makes them so distrustful is that the law in China allows copying anything if the CCP knows it to be legal and can make those few leaders rich. It is nothing but a dictatorship now and it will remain the same until something happen to the dictator.

[Mr.suevie]

~snip~

It's long past time to get used to the fact that China lives its own life and many things there are radically different from things in other countries. So what if streaming platforms lose some of their revenue from China. Nothing terrible will happen for them, they already get super profits due to low competition in this segment. You may not know, but China's internet is also different from the rest of the world, and yet the Chinese have found a way around the great Chinese firewall. 

What do you expect from humans. There is always a loop hole to even the most tightest firewall and even that of china is no different and that's why even the said bitcoin that the country banned is still a big joke to me because I know very well they are still lots of Chinese out there in China craving and also using bitcoin one way or the order and same things goes to all the order country as well who also joined the Chinese in this fate.

[Cookdata]

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.

What is the obsession of China and the latest crackdown, bitcoin situation was different back then, not similar to gambling. They were cracking down on miners because it was illegal to mine according to them because of the greenhouse effect even when we know that it was bullshit in the first place, they also ban bitcoin trading. However, China has been anti-rival of innovations, they don't want her citizens to use things outside their country but wouldn't stop producing counterfeit products for West Africans to buy their low-graded quality, if we are to reverse China and the world, they will cry victim card every day.

Coming back to the unlicensed gambling platforms, if truly they are not registered, then I think it's dishonest of them to operate in China because that's unlawful behaviour. If they want to have a share of the gambling from China, they should register and follow the rules and regulations and if that is too much to accept, they should leave their country and go somewhere else that allows such behaviour.

[Yogee]

[....]IMO there's nothing wrong with that,

But it's China so people almost always instantly hates whatever they do even if it's good for their citizens and the Government.

What I don't get is banning gambling streaming, though.

It's the gambling platforms that made the initiative to remove live streaming. One could argue that they did so thinking that the Chinese government may go after them next as part of the effort to crack down any illegal form of gambling.

[shogun47]

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.

China has banned Bitcoin a hundred times and nobody really cared when they did it once again... China bans Bitcoin, Bitcoin is dead, those are memes and nothing to worry about for anyone who has a bit of an idea about Bitcoin and how Bitcoin doesn't care about governments, not even when it is China.

If China really had an impact on the development of the Bitcoin ecosystem, it would probably indeed be dead by now.

But why should that have any impact on the global gambling industry when China decides to crack down on it?

[Coin_trader]

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’m not sire if this will affect worldwide but China is always separated to the rest of the world in terms of socializing with other countries since they have their own social media platform which can only be use by Chinese which is the reason why Chinese content is rarely to see on the typical social media that we are using such as Facebook, Twitter and Youtube.

China news is almost doesn’t affect global news that doesn’t related to economy since they have their own network.

[Hispo]

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.

If you have ever read anything about socialism or communism, then you may stumble with the concept of "the new man" or the "new woman".
You can easily find information about it on internet.

The Soviet man was to be selfless, learned, healthy, muscular, and enthusiastic in spreading the communist Revolution. Adherence to Marxism–Leninism, and individual behavior consistent with that philosophy's prescriptions, were among the crucial traits expected of the New Soviet man, which required intellectualism and hard discipline.

Source: https://en.wikipedia.org/wiki/New_Soviet_man

Obviously, some of the old soviet theory has blended within the modern communist party in China, to them the new man/woman is who has a good social credit and obeys the law, those you are willing to produce for their motherland and spend less time gambling and drinking alcohol, basically authoritarianism.

It is an interesting topic, regardless of your political standing. Here in Venezuela we got most of casinos shutted down back in the 2000s, because we also tried to make human beings stop being human beings.  

[aioc]

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

China is a communist country they control everything they do not want anything illegal operating in their country that is why these streaming platforms do not want to anger the communist government so they have no choice but to remove these gambling streaming.

Even if gambling streaming adds revenues to their platform, it's either they take them down or the government takes their platform down,  it's a choice that they have to make even if they do not want to, I don't think other streaming platforms from other countries will follow China's move, gambling streamers add traffic and revenues to streaming platforms because of their popularity and supports they are getting.

[danherbias07]

It will have some effect but not to the extent that more gambling sites will close down just because of this.
The profits in gambling is just too much and with China just blocking the streaming services may not really be one of the reason to close shop.
In fact, what they did might just help the gambling sites gain more audience because of their curiosity. They are one of the biggest countries in the top of the economy and this means making the people think of the "why's" so they just helped lead a non-gambler to be a gambler.
What they did with Bitcoin before surely made a huge impact but look at it afterwards. In short-term we will see some downwards percentage in their market but in the long run it's different, they just gave them a freebie in advertising.

[cabron]

They have been banning casinos and gambling sites in their country for as long as I can remember. Took them a long time to also crack down on the advertisers of casinos, it should have been done a long time ago.

But this crackdown is just in their country so I don't see this going to affect crypto casino's revenue nor players. Those Chinese gamblers who are already playing in Bitcoin casinos know well enough to avoid getting caught.

[darkangel11]

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.

Correction, it had impact when they were saying they'd ban bitcoin exchanges and finally did. There's no way to ban bitcoin ownership, so China and other countries can say whatever they like.
When it comes to gambling, I don't think a Chinese gambling ban will impact the industry, unless that industry is in China. The difference between bitcoin and gambling is obviously that bitcoin is traded globally, so its price is derived from a number of global exchanges. If a country bans bitcoin it actually bans businesses that are located in that country. Businesses that include exchanges that have to shut down or move affecting the global price tickers.

[Fortify]

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.

Gambling is China has long been viewed as extremely risky and based on what happened recently with a Twitch crackdown, this could have been somewhat predicted so may have been priced in to a certain degree. It's the right action to take really, because casinos have really pushed the limits of what is acceptable at times and you never really know what sort of collaboration they have going with streamers, some of which may start entering murky territory when you think about the large amounts of money that are at stake. China regulators are extremely erratic, so many investors have priced this in and will be aware that random crackdowns can target new sectors all the time - it's very high risk to invest in the country, and gambling companies are even higher risk.

[Kemarit]

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.

Or they have been cracking youtube as well? And their internet is being censored in the beginning? So I wouldn't be surprised if for years they have been cracking down very hard on every gambling related streams already.
However, if you go out and play casinos all around the world, you will see a lot of Chinese on the floor, from baccarat table to slots game machines. So in reality, they can still play not just by watching youtube, but playing in real life casinos. Maybe they can just travel to Macao and then boom, easy access to casino. So I don't think it has negative effect on streamers per se, although Chinese market is big, I doubt that it can put a dent on gambling and streamers.

[mirakal]

I don’t see it wrong banning illegal gambling platforms because they can be very tempting for addicted gamblers. But if they will ban those legal and reputable platforms, I guess the problem will start there. However, I don’t think China will end up banning things that will give them bigger benefits. While taxing legal gambling platforms can be a means for country’s profits, so that means China will lose them everything if they put an end to it. I know China is smarter and greedier than any other country, so as long as there are possible profits that they can gain from these gambling platforms, then expect that banning will never be their option, except for those unregistered and illegal platforms that will only scam the gamblers later on.

[serjent05]

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.

It will have no effect because Bitcoin market had developed a resistance to the effect of China bans.  It has been happening for many years and the Bitcoin market tends to not react to it at all now.

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 do not care what China wants to do as long as it does not affect my country.  It is their jurisdiction so it is their right to do the banning.  It is also obvious that people who enjoy the benefit of having Chinese viewers will affected by this action of China and the Casino that has the majority of their play as Chinese players will also be greatly affected.

[harizen]

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.

Only to apply to China, mate. Within their jurisdiction, region, and not anywhere else.

It's clear from the start and not new to the majority that China does have strict regulations regarding gambling therefore platforms should already be aware of that. Besides, what you mentioned is about "gambling streaming" and that's an obvious reason why it should be blocked. It's just that it affects another genre on the livestream.

And no, people will still use that platform since it's a video streaming platform in the first place.

The only thing that users are not able to see now is no live streaming but again, only under the China region.

[noormcs5]

They have been banning casinos and gambling sites in their country for as long as I can remember. Took them a long time to also crack down on the advertisers of casinos, it should have been done a long time ago.

But this crackdown is just in their country so I don't see this going to affect crypto casino's revenue nor players. Those Chinese gamblers who are already playing in Bitcoin casinos know well enough to avoid getting caught.

So if Chinese gamblers continue to gamble on online platforms (using VPN or whatever methods) and if the casino operator in China also continues their business the direct effect of these restrictions only be on the gambling steamers 

I guess the main purpose of this ban was to stop people from gambling, as when people will not see gambling streams they may not be tempted to gamble, but here it seems that the Chinese government is targeting the wrong audience and only the gamblers streamers are going to suffer and they are being at the edge of starving and getting hanged.

[Gozie51]

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.

Like in 2017 when they announced the ban on trading of crypto, ico and crypto related transactions. China has been in the news as one of the most hater of bitcoin related transactions because they want their people not to promote it, I guess they are capitalizing on their population to believe some of those restrictions would affect the global influence of bitcoin.

Now the ban of gambling streaming. This will not affect the gambling population because they can still access casino ads and play in their favourite casino since there is no ban yet on the gambling itself and in any case where that is done, VPN will still be used on some casinos. The Chinese government is only depriving their citizens the benefit of freedom of choice.