Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game

[Dunamisx]

Well that is an interesting point of view, and there are definitely similarities between the business models of brokers and casinos. Brokers make money from spreads, commissions, and other fees related to trading, regardless of whether their clients win or lose. This can give the impression that brokers always profit, just like how the house always has an advantage in a casino. I mean you are very true at this point  They always made a profit whether you win or lose.

and if you ask Who's Really Playing You in the Money Game based on your statement and my opinion broker Casino vs. Stoc,Forex&Crypto is playing all of us but the things is we do all of it with our consent so no one is really playing anyone haha

All of them cant be playing us because we have our choice and decision to make whether to use them or not, though there are situations whereby we may not be able to do away with he influence of this same brokers, but that does not applies to the other aspects, casinos are making business through what they offers us and we enjoy their services and subscribed for it, pay to gamble with any amount of money we so desired, while stocks, crypto and brokers may not work with the same pattern of gambling.

[1714854414]

1714854414

[1714854414]

1714854414

[1714854414]

1714854414

[Hamphser]

Well that is an interesting point of view, and there are definitely similarities between the business models of brokers and casinos. Brokers make money from spreads, commissions, and other fees related to trading, regardless of whether their clients win or lose. This can give the impression that brokers always profit, just like how the house always has an advantage in a casino. I mean you are very true at this point  They always made a profit whether you win or lose.

and if you ask Who's Really Playing You in the Money Game based on your statement and my opinion broker Casino vs. Stoc,Forex&Crypto is playing all of us but the things is we do all of it with our consent so no one is really playing anyone haha

All of them cant be playing us because we have our choice and decision to make whether to use them or not, though there are situations whereby we may not be able to do away with he influence of this same brokers, but that does not applies to the other aspects, casinos are making business through what they offers us and we enjoy their services and subscribed for it, pay to gamble with any amount of money we so desired, while stocks, crypto and brokers may not work with the same pattern of gambling.

Yes, its all a matter of choice on which the thing you've said was true because if it wasnt really that something that you do consider on using them out or would really be dealing up with these things
then you wont really be having that kind of impression that they are making money with us. It is you whom do really tend to make use of their platform or whatever market you would really be dealing with.
Of course this is a business on which it would really be just that normal that they would really be making money out of those people who do make use of their service just like on what others been saying
that you are really that having the choice whether you would really be dealing with it or not. Playing in money game? This is really just that something a mindset on which a certain person could have.

[dansus021]

All of them cant be playing us because we have our choice and decision to make whether to use them or not, though there are situations whereby we may not be able to do away with he influence of this same brokers, but that does not applies to the other aspects, casinos are making business through what they offers us and we enjoy their services and subscribed for it, pay to gamble with any amount of money we so desired, while stocks, crypto and brokers may not work with the same pattern of gambling.

That's what I am talking before  It is our decision We literally know if involved in this game we can go into the mariana trench or going to the top of Mount Everest all broker just want the profit they might charge a small fee but hey they have million users after all for all the brokers they seeing this as a business. If we lose from the broker it is probably our mistake, not theirs.

stock crypto and forex actually can be made like gambling by using degen way with go all in and high leverage or just buy or sell with option 1 minute chart haha

[LUCKMCFLY]

If you live in countries like Venezuela or Turkey where tomorrow you wake up and your currency is inflated by 20% while the odds of your bet was 1.22, then you won't see much profit but that happens once in a while and in only some countries. If you live in such country, you probably don't have money to gamble or if you have, outcome doesn't matter too much.

It is very true, it is always like this, in fact in these countries you Cannot operate anything with local currency, when a peso has local currency it is to pay for services, because it is the cheapest way to pay, where large amounts come out but in reality no Thus, it is best to have a strong currency such as the dollar, the euro or the currency of any other country that is very strong compared to the local currency.

It is also very true that in countries where this type of Information exists with the local price and foreign currency such as the dollar or euro is used, they arrange the products, bet, anything to pay very high so that they win much more. Because this is something that is generated, that is, they introduce inflation in foreign currency, and in reality it is crazy.

[delfastTions]

It is optimal, when you have high salary. In my country medium salary is about $400-500, my salary more than $1000, from betting i`ve got about $800(possible i can get more, and even more than the salary). If someone good in maths and search information but have $500 salary - sport betting can seriously improve his income. I even can say that you needn`t be football(or other sports) specialist for it. But i don`t recommend anybody to hire and wait the big profit instantly. It is serious decision and you need to be sure that you have enough money for 1-2 weeks of loses at least. And you have responsibility for your family. It isn`t just make a bet and won $1.000.000.
About BTC is the same - today we know how silly it was to buy pizza. But that moment it was a nice decision. No one knows what can give you profit several years later. For me it is too risky Yes, it is funny enough. For me sport betting can be a main income but buying BTC in 2010, or some other investment is too risky

This is all due to the fact that in different countries around the world, wages for approximately the same work differ too much.  Of course, if you count wages in dollars.  And the cost of accommodation and food also corresponds to local wages.  But if you participate in gambling at the world level, then the scale of bets and winnings is probably based on the level of wages in the USA and the European Union.  
Therefore, often players from some countries can earn income from sports betting even much more than their basic salary.  This is true, you can't argue with that.  This has made it possible to earn money based on modern information and financial technologies at the level of cross-border payments.  
Cryptocurrency payments have greatly helped the world in this matter.

You are right, but then don't you think that those people who are from smaller and less developed countries make their bets based on the dollar rate against their local currency? This means that if a person from the US bets $20 on a game because it isn't a lot of money for them, a person from a third-world country would bet $5 on the same game. After all, when they convert those $5 into their local currency, they become a lot of money for them.

So even though it's true that most of us make our bets or trades or everything we do online in US dollars, we always make sure that we are betting or using money that we can afford to use and don't use it just like a US-native who can afford way more than we can do.

Yeah, it's true, if you use US dollars in the game, and then convert them into local currencies, you can actually earn quite a lot in money that circulates as a legal currency in that country.  Thus, what I talked about about different levels of wages and costs of normal life in different countries begins to matter only if we are talking about cross-border payments between countries with very different general living standards of the population of these countries.  But there are still relatively few such payments in the total number of payments in local currencies.  This is really worth considering when gambling, even using the dollar.  
You are right that this factor does not have a strong influence on the overall gambling situation.

so it might be interesting to consider how international gambling behaviors might shift as more transactions occur in digital currencies, potentially leveling the playing field but also introducing new complexities.

Yeah, the transformation of international payments is happening, that's obvious.
 Nowadays there are quite a lot of prohibitions, exceptions and sanctions.  So this is rather a forced measure and cryptocurrency cross-border payments are increasingly in demand and relevant.  And in parallel, of course, their use in the gambling industry is growing throughout the world.  In this regard, you are absolutely correct in noting that there will be some segmentation of cryptocurrency payments and the emergence of users and clients of crypto casinos everywhere in many countries around the world.  This will naturally smooth out some of the imbalances in people’s living standards in many countries.

In general, I have a positive view of such global processes of redistribution of income and capital in general.

[Fivestar4everMVP]

If you live in countries like Venezuela or Turkey where tomorrow you wake up and your currency is inflated by 20% while the odds of your bet was 1.22, then you won't see much profit but that happens once in a while and in only some countries. If you live in such country, you probably don't have money to gamble or if you have, outcome doesn't matter too much.

It is very true, it is always like this, in fact in these countries you Cannot operate anything with local currency, when a peso has local currency it is to pay for services, because it is the cheapest way to pay, where large amounts come out but in reality no Thus, it is best to have a strong currency such as the dollar, the euro or the currency of any other country that is very strong compared to the local currency.

It is also very true that in countries where this type of Information exists with the local price and foreign currency such as the dollar or euro is used, they arrange the products, bet, anything to pay very high so that they win much more. Because this is something that is generated, that is, they introduce inflation in foreign currency, and in reality it is crazy.

I agree with you, most especially, with the first paragraph of your comment, I myself living in a country that is majorly considered to be a third world country, I would say that based on my experiences overtime, it is better to earn in a currency that is stronger than our local currency, (like the dollar) than earn in our local currency, and this because just as you have said, inflation most of the time bite really hard to the extent that you discover that after you've gotten your pay from what ever means, the money is so undervalued that it almost cannot buy anything meaningful in the market.

This is why I personally prefer to do all my betting and gambling in dollars, even when I am betting on a local casino, I simply set my prefered currency to dollar rather then leave it set to my local currency, and when I open a new local casino and discover that they don't support me setting my prefered currency to dollars, I simply just ignore that casino and look for another.
This is one of the reasons why I actually don't use our local casinos too much, I prefer to gamble on international online casino like Stake and the rest, thank goodness for cryptocurrencies that have made both deposits and withdrawals from any part of the world so easy, way easier than it would have been if fiat was the only means of deposit and withdrawals from online casino..

[EarnOnVictor]

Well that is an interesting point of view, and there are definitely similarities between the business models of brokers and casinos. Brokers make money from spreads, commissions, and other fees related to trading, regardless of whether their clients win or lose. This can give the impression that brokers always profit, just like how the house always has an advantage in a casino. I mean you are very true at this point  They always made a profit whether you win or lose.

and if you ask Who's Really Playing You in the Money Game based on your statement and my opinion broker Casino vs. Stoc,Forex&Crypto is playing all of us but the things is we do all of it with our consent so no one is really playing anyone haha

All of them cant be playing us because we have our choice and decision to make whether to use them or not, though there are situations whereby we may not be able to do away with he influence of this same brokers, but that does not applies to the other aspects, casinos are making business through what they offers us and we enjoy their services and subscribed for it, pay to gamble with any amount of money we so desired, while stocks, crypto and brokers may not work with the same pattern of gambling.

Thank you for this emphatic statement, I do not see a reason for any of them to play us, and for the record, none of them is to be done by force. One thing is that the OP see things in his own way, and that is fine, I respect people's opinions, but constructively, we continue to educate and guide them not to wrongly impose the wrong ideas on people. Gambling is a choice, but this choice entails you taking an entire risk on what you wager at once. It is now left to you to know the game you want to bet for the chance therein and how your expertise can help you to be on top of your game.

This includes the luck coefficient as well, so it is all about you, your choice. You can imagine me gambling sports betting if I am serious about making money in gambling. This is because I've realised and accepted the fact that casino betting has a higher risk, so I safeguard against the cheap ways of losing my money. And whole system is fair because if I lose, I lose to their pock and if I gain, I gain from their pocket, no one is cheating the other. Regardless, the risk is involved and we can't do away with it, that is why they call it Gambling, even as all the terms and conditions must have been well stated, so no one is cheating anybody.

As for trading, this one is even better specified and modelled, it's stricter and more formal than gambling when it comes to the people behind it. This is a pure business, but since it's an electronic business that is risky and is delivered to informal people, people do not take it so seriously, which is one of the reasons why they lose through it. Nevertheless, if you know how to trade well, you get easy and tangible money from it, needless to say, I can point to many successful traders. These guys also pay all the charges and still manoeuvre their ways in trading to regularly get their success from it.

[LUCKMCFLY]

I agree with you, most especially, with the first paragraph of your comment, I myself living in a country that is majorly considered to be a third world country, I would say that based on my experiences overtime, it is better to earn in a currency that is stronger than our local currency, (like the dollar) than earn in our local currency, and this because just as you have said, inflation most of the time bite really hard to the extent that you discover that after you've gotten your pay from what ever means, the money is so undervalued that it almost cannot buy anything meaningful in the market.

This is why I personally prefer to do all my betting and gambling in dollars, even when I am betting on a local casino, I simply set my prefered currency to dollar rather then leave it set to my local currency, and when I open a new local casino and discover that they don't support me setting my prefered currency to dollars, I simply just ignore that casino and look for another.
This is one of the reasons why I actually don't use our local casinos too much, I prefer to gamble on international online casino like Stake and the rest, thank goodness for cryptocurrencies that have made both deposits and withdrawals from any part of the world so easy, way easier than it would have been if fiat was the only means of deposit and withdrawals from online casino..

If I understand you perfectly, what happens is that I believe that my country is one of the highest in inflation worldwide, so having local currency is useless, as I said, only to pay for services, it is the only thing that I see as useful , for a country that has a very devalued local currency like mine there is nothing to do, of course, one needs the dollar, because with that one can manage alone, and they will see whether to change them to the local currency or something like that, or I also always configure receiving and making a deposit with USD, because it is a strong currency, in itself, what we should always try to do is accumulate BTC to protect ourselves from possible inflation that comes from the dollar, although in these countries it is not I feel the inflation of the dollar very much, however in the informal economy products raise their price in dollars, the truth is that where I live it is economic madness, there is no control, but it is a fact that we must protect ourselves economically.

[mak013]

Yeah, it's true, if you use US dollars in the game, and then convert them into local currencies, you can actually earn quite a lot in money that circulates as a legal currency in that country.  Thus, what I talked about about different levels of wages and costs of normal life in different countries begins to matter only if we are talking about cross-border payments between countries with very different general living standards of the population of these countries.  But there are still relatively few such payments in the total number of payments in local currencies.  This is really worth considering when gambling, even using the dollar. 
You are right that this factor does not have a strong influence on the overall gambling situation.

so it might be interesting to consider how international gambling behaviors might shift as more transactions occur in digital currencies, potentially leveling the playing field but also introducing new complexities.

I think it wiln`t change. The casino will pay taxes from their profit in local currency. If they get profit in cryptocurrencies - they have to convert it to local currency. Of course, casino can cheat and don`t show such kind of profit but i don`t think it is possible to control it today.
The only way someone can control it is if tax services will make casinos convert all deposits in USDT or some other stable coin.

[rodskee]

Well that is an interesting point of view, and there are definitely similarities between the business models of brokers and casinos. Brokers make money from spreads, commissions, and other fees related to trading, regardless of whether their clients win or lose. This can give the impression that brokers always profit, just like how the house always has an advantage in a casino. I mean you are very true at this point  They always made a profit whether you win or lose.

and if you ask Who's Really Playing You in the Money Game based on your statement and my opinion broker Casino vs. Stoc,Forex&Crypto is playing all of us but the things is we do all of it with our consent so no one is really playing anyone haha

All of them cant be playing us because we have our choice and decision to make whether to use them or not, though there are situations whereby we may not be able to do away with he influence of this same brokers,

your money your choice , and brokers? why need them when you can do it yourself?
 and besides why need to invest using broker when you can invest in crypto and directly to your hands?

but that does not applies to the other aspects, casinos are making business through what they offers us and we enjoy their services and subscribed for it, pay to gamble with any amount of money we so desired, while stocks, crypto and brokers may not work with the same pattern of gambling.

well you are correct in a part , because we are losing  in gambling but at least we are
enjoying the process .

[Unsoldier]

...

but that does not applies to the other aspects, casinos are making business through what they offers us and we enjoy their services and subscribed for it, pay to gamble with any amount of money we so desired, while stocks, crypto and brokers may not work with the same pattern of gambling.

well you are correct in a part , because we are losing  in gambling but at least we are
enjoying the process .

While enjoying the process of gaming is important, it's also crucial to remember about one's financial well-being and to control gambling tendencies. Don't forget that relaxation also involves taking care of yourself and your future.

[delfastTions]

Yeah, it's true, if you use US dollars in the game, and then convert them into local currencies, you can actually earn quite a lot in money that circulates as a legal currency in that country.  Thus, what I talked about about different levels of wages and costs of normal life in different countries begins to matter only if we are talking about cross-border payments between countries with very different general living standards of the population of these countries.  But there are still relatively few such payments in the total number of payments in local currencies.  This is really worth considering when gambling, even using the dollar. 
You are right that this factor does not have a strong influence on the overall gambling situation.

so it might be interesting to consider how international gambling behaviors might shift as more transactions occur in digital currencies, potentially leveling the playing field but also introducing new complexities.

I think it wiln`t change. The casino will pay taxes from their profit in local currency. If they get profit in cryptocurrencies - they have to convert it to local currency. Of course, casino can cheat and don`t show such kind of profit but i don`t think it is possible to control it today.
The only way someone can control it is if tax services will make casinos convert all deposits in USDT or some other stable coin.

This is probably the only normal method to somehow sort it out and not overdo it in the case of interaction between government supervisory authorities and the casino itself as a business structure.  Of course, the use of local currencies for tax purposes should always be converted to USDT or similar US dollar equivalents.  In the case of cross-border transfers in cryptocurrencies, when the casino operates at the level of the whole world, which is natural and should be the case if the casino is truly large, this method is probably the only normal and fair one in relation to both the state and the casino business itself.  Of course, I’m not talking about illegal tax evasion schemes and I think that international casinos, which we all know well, do not abuse tax evasion options very much.  A stable business is more important to them than immediate super-profits through “gray” tax evasion schemes.

[zarintasnim]

The debate over who profits more from the financial markets, casinos or brokers, has been raging for years. On one side, casinos provide a venue for gambling and games of chance that give the house an inherent advantage. Slot machines and table games like blackjack are designed to have negative expected returns for players, ensuring the casino profits over the long run.

On the other side, stock brokers facilitate the buying and selling of securities for clients. Rather than profiting directly off customer losses, brokers make money through commissions on trades and other account fees. Successful brokers build large client bases and generate commissions whether the market is up or down.

[mak013]

I think it wiln`t change. The casino will pay taxes from their profit in local currency. If they get profit in cryptocurrencies - they have to convert it to local currency. Of course, casino can cheat and don`t show such kind of profit but i don`t think it is possible to control it today.
The only way someone can control it is if tax services will make casinos convert all deposits in USDT or some other stable coin.

This is probably the only normal method to somehow sort it out and not overdo it in the case of interaction between government supervisory authorities and the casino itself as a business structure.  Of course, the use of local currencies for tax purposes should always be converted to USDT or similar US dollar equivalents.  In the case of cross-border transfers in cryptocurrencies, when the casino operates at the level of the whole world, which is natural and should be the case if the casino is truly large, this method is probably the only normal and fair one in relation to both the state and the casino business itself.  Of course, I’m not talking about illegal tax evasion schemes and I think that international casinos, which we all know well, do not abuse tax evasion options very much.  A stable business is more important to them than immediate super-profits through “gray” tax evasion schemes.

I don`t sure about ISDT or USD equivalents. It can become problem for casino with the tax services. I think that all deposits must be converted to local currency. But for the gamblers - they must have an opportunity at least to see their balance in USD. It is possible even not to show to gamblers their balance in the currency, they deposit.

[delfastTions]

I think it wiln`t change. The casino will pay taxes from their profit in local currency. If they get profit in cryptocurrencies - they have to convert it to local currency. Of course, casino can cheat and don`t show such kind of profit but i don`t think it is possible to control it today.
The only way someone can control it is if tax services will make casinos convert all deposits in USDT or some other stable coin.

This is probably the only normal method to somehow sort it out and not overdo it in the case of interaction between government supervisory authorities and the casino itself as a business structure.  Of course, the use of local currencies for tax purposes should always be converted to USDT or similar US dollar equivalents.  In the case of cross-border transfers in cryptocurrencies, when the casino operates at the level of the whole world, which is natural and should be the case if the casino is truly large, this method is probably the only normal and fair one in relation to both the state and the casino business itself.  Of course, I’m not talking about illegal tax evasion schemes and I think that international casinos, which we all know well, do not abuse tax evasion options very much.  A stable business is more important to them than immediate super-profits through “gray” tax evasion schemes.

I don`t sure about ISDT or USD equivalents. It can become problem for casino with the tax services. I think that all deposits must be converted to local currency. But for the gamblers - they must have an opportunity at least to see their balance in USD. It is possible even not to show to gamblers their balance in the currency, they deposit.

Or there is an option when the main business of the casino is conducted in local currency in the case when the majority of players are local residents and they practically do not use US dollars.  But if cryptocurrencies are used, then most likely the casino, if it operates officially legally, should maintain a separate balance sheet for cryptocurrency payments.  And in this case, it is still impossible to avoid a peg to the US dollar.  So anyway, if a casino uses cryptocurrencies, it must have accounts in dollars and, of course, in the main cryptocurrencies that the casino allows to use.  In this case, of course, the balance must be converted into dollars at current exchange rates.  Or at a fixed exchange rate for some date and time. 
Otherwise, you can simply get confused and cause misunderstanding and complaints from state tax services or from local regulators.

[EarnOnVictor]

The debate over who profits more from the financial markets, casinos or brokers, has been raging for years. On one side, casinos provide a venue for gambling and games of chance that give the house an inherent advantage. Slot machines and table games like blackjack are designed to have negative expected returns for players, ensuring the casino profits over the long run.

On the other side, stock brokers facilitate the buying and selling of securities for clients. Rather than profiting directly off customer losses, brokers make money through commissions on trades and other account fees. Successful brokers build large client bases and generate commissions whether the market is up or down.

You have good points my friend, and I do not even see much reason for this if we can be attentive to the two words; Trading and Gambling as they do not mean the same thing. However, if the two  (casino and broker) are fair in dispensing their services, then there will never be an issue. After all, we all know what we are signing for when we want to trade either of them, and for a trader not to gamble or gamblers not to trade means they understand what they are doing at least if they are adults. Needless to say, these establishments established them basically for the purpose of making money and anyhow they can make the money is important to them regardless of what it will cost the trader or gambler. So, it is we who should go for what we are comfortable with whether they are extorting us or not.

Regardless, if it is about the ease of making money on the part of the customer/client, trading has it, and the same goes for the sincerity in the operation of the core service of the two establishments (trading still has it). Most brokers these days are only intermediaries unlike before when some brokers will be internally creating the market themselves (market makers). For this, they only earn from the spreads, swaps and commissions which I know is fair enough for the service they always render, even as they have employees and experts to pay.

[mak013]

I don`t sure about ISDT or USD equivalents. It can become problem for casino with the tax services. I think that all deposits must be converted to local currency. But for the gamblers - they must have an opportunity at least to see their balance in USD. It is possible even not to show to gamblers their balance in the currency, they deposit.

Or there is an option when the main business of the casino is conducted in local currency in the case when the majority of players are local residents and they practically do not use US dollars.  But if cryptocurrencies are used, then most likely the casino, if it operates officially legally, should maintain a separate balance sheet for cryptocurrency payments.  And in this case, it is still impossible to avoid a peg to the US dollar.  So anyway, if a casino uses cryptocurrencies, it must have accounts in dollars and, of course, in the main cryptocurrencies that the casino allows to use.  In this case, of course, the balance must be converted into dollars at current exchange rates.  Or at a fixed exchange rate for some date and time. 
Otherwise, you can simply get confused and cause misunderstanding and complaints from state tax services or from local regulators.

Yes, it is so. But i think that casino must be interested in new gamblers. Cryptocasino is the most international casino and i think that it would be better to have an opportunity to calculate his money in USD(T). But of course if casino don`t want to have problem with tax services it must have a local currency.

[Hamphser]

The debate over who profits more from the financial markets, casinos or brokers, has been raging for years. On one side, casinos provide a venue for gambling and games of chance that give the house an inherent advantage. Slot machines and table games like blackjack are designed to have negative expected returns for players, ensuring the casino profits over the long run.

On the other side, stock brokers facilitate the buying and selling of securities for clients. Rather than profiting directly off customer losses, brokers make money through commissions on trades and other account fees. Successful brokers build large client bases and generate commissions whether the market is up or down.

If people been aware about into those earning stuffs on how these businesses are making money then why they would really be that tending to come and play or deal with it?
It would really be that pretty obvious that they would really be giving out such services and offerings for them to make money and of course as long we arent that been forced
then i dont see any issues on why we would really be that aiming or trying out to elaborate on how these things do really be able to make money? It would really be just that common sense
that they are really that having the advantage.Yes, we do being concern about that legit stuff or being fair but of course we cant be able to stop out on thinking
about that we are really that at disadvantage.

[delfastTions]

I don`t sure about ISDT or USD equivalents. It can become problem for casino with the tax services. I think that all deposits must be converted to local currency. But for the gamblers - they must have an opportunity at least to see their balance in USD. It is possible even not to show to gamblers their balance in the currency, they deposit.

Or there is an option when the main business of the casino is conducted in local currency in the case when the majority of players are local residents and they practically do not use US dollars.  But if cryptocurrencies are used, then most likely the casino, if it operates officially legally, should maintain a separate balance sheet for cryptocurrency payments.  And in this case, it is still impossible to avoid a peg to the US dollar.  So anyway, if a casino uses cryptocurrencies, it must have accounts in dollars and, of course, in the main cryptocurrencies that the casino allows to use.  In this case, of course, the balance must be converted into dollars at current exchange rates.  Or at a fixed exchange rate for some date and time. 
Otherwise, you can simply get confused and cause misunderstanding and complaints from state tax services or from local regulators.

Yes, it is so. But i think that casino must be interested in new gamblers. Cryptocasino is the most international casino and i think that it would be better to have an opportunity to calculate his money in USD(T). But of course if casino don`t want to have problem with tax services it must have a local currency.

Of course, the international casino market involves the use of international money, that is, $USA.  But in many ways, international and cross-border payments were helped, of course, by cryptocurrencies.  First of all BTC of course.  Such payments have initially become quite simple and do not cause problems with cross-border transfers.  There is perhaps only one problem with Bitcoin, this is the tense state of the mempool and the need for large commissions or, as an alternative, a long wait for confirmation of the transfer transaction.  This problem significantly hinders many players.  But here immediately there are options for integrating LN payments or using other cryptocurrencies with small commissions, or USDT.  So it turns out that any international casino still uses these several payment options, and all in parallel.  And all casinos are forced to use them to increase their client base.  So balances still have to be maintained and calculated separately and only then recalculated into $.  And here it is important to fix the rates of cryptocurrencies in relation to $ and the transfer commission.  This is where confusion and sometimes misunderstanding on the part of regulators arises. 
Sometimes this creates unnecessary troubles or even bans for the casino.  But when fighting for clients, you still have to bypass them.

[mak013]

Yes, it is so. But i think that casino must be interested in new gamblers. Cryptocasino is the most international casino and i think that it would be better to have an opportunity to calculate his money in USD(T). But of course if casino don`t want to have problem with tax services it must have a local currency.

Of course, the international casino market involves the use of international money, that is, $USA.  But in many ways, international and cross-border payments were helped, of course, by cryptocurrencies.  First of all BTC of course.  Such payments have initially become quite simple and do not cause problems with cross-border transfers.  There is perhaps only one problem with Bitcoin, this is the tense state of the mempool and the need for large commissions or, as an alternative, a long wait for confirmation of the transfer transaction.  This problem significantly hinders many players.  But here immediately there are options for integrating LN payments or using other cryptocurrencies with small commissions, or USDT.  So it turns out that any international casino still uses these several payment options, and all in parallel.  And all casinos are forced to use them to increase their client base.  So balances still have to be maintained and calculated separately and only then recalculated into $.  And here it is important to fix the rates of cryptocurrencies in relation to $ and the transfer commission.  This is where confusion and sometimes misunderstanding on the part of regulators arises. 
Sometimes this creates unnecessary troubles or even bans for the casino.  But when fighting for clients, you still have to bypass them.

I think that it is problem that can`t be solved. If the casino want to pay taxes without any problems, they must fix cryptocurrencies some moment. The best choice for it can be deposit or withdrawal. I think that withdrawal would be better - in this way the casino hasn`t problems with gamblers balance - it can be in USD, local currency, cryptocurrencies. Every currency will be converted in the local currency during withdrawal.