Geopolitical Tension and its effects on Gambling

[cryptomaniac_xxx]

From the last two days, we have experienced some major Geopolitical Tension as Iran invaded Israel and there is a fear whole world including the United States of America, Russia, China and other Middle Eastern/ Asian countries may be directly involved in this war if the situation does not norm quickly.

We have seen some big dumps in the world stock market and crypto market and the world's business may get affected by this situation. I would like to know what impact will it have on gambling ?

Do people gamble less when they see such tensions around the globe?

Will the gambling sites/bookies will have an impact on this situation?

Nah, I don't see it affecting gamblers, even in the pandemic, the numbers of gamblers remain steady. And with the upsurge in online gambling platform, it won't stop us from enjoying and gambling. It's bad that we have this tension around the world, people are dying and we are someone on the brink of another world war.

But gamblers will be gamblers, they will always find a way, and maybe we will hear some of them saying that they don't care about the geo-political events in the world as long as they can continue with their gambling activity. Might not be good to hear, but probably that is true.

[AmoreJaz]

Gambling for me is a means of relieving myself from the stress of my work life and that wouldn’t change because of war happening in other countries. Now if my country is at war, I don’t think I would even have the luxury of thinking about playing my favorite slot games.  In those circumstances, things that were fun before suddenly become unimportant. My priorities would be my safety and the safety of my loved ones. So yes, definitely casinos in the affected regions will experience major reductions in the number of active users.

And that I believe is true for most of us. Of course, if you are on that area or region, definitely, your gambling won't be your priority but instead, your family's safety. Now, if you are living far from this region, I don't think your gambling activities will be affected. It will be the same as just your regular day.

Usually, people are only affected by war if they feel there is a threat on their living, their source of income, or the life of his immediate family members. Other than that, life goes on for them. So online bookies will continue to operate as they are not affected by this war event. And so gamblers across the globe will just continue to play as where they are at.

[EluguHcman]

This is assumed a crisis scenario and I do not think that there could be a gambling enhancement in such terrible situations because lives and safeness should be considered first before either chasing funs or making money.
in as much as it would be a global tension as you may say OP, then I don't really see any progress on gambling unless to those who are liable of having compromisable tendencies with their valuables.

You can actually imagine the risks of gambling sites subjecting power tussles to their booking packages, it would really seems either a mockery to the loosing side and and encouragement to the winning side in the reality of wars like that.
You can also imagine gamblers being on track predicting against the other countries. All being risky I don't just see any embracement in such critical cases for gambling.

[Wiwo]

Sometimes, traffics is like chain, it move together,  do anything that could cause tension and low demand in the stock market will also robbed off on casinos because the motivation to gamble will be low.

Bit also we should know that, the level of it impacts on gambling may be low since gambling is some how a fun activity.

[Potato Chips]

I'd say it depends on how bad the effects are on the economy as there are levels for this plus some folks may cope a bit better than others.

However, I could still see things going both ways:
1. Some folks halting gambling because money has been tight.
2. Folks gambling more because they have been more desperate than ever -- don't do this lads.

One thing I always appreciate about bitcoin is no one can just halt the payments from coming unlike centralized systems like VISA/mastercard.

[Solosanz]

I think different, why there's no casino add those wars into their events?

Probably like:
"Which one will win, Russia or Ukraine?"
"Which one will win, Palestine vs Israel?"
"Will Israel take revenges to Iran? Yes or No (ends in June 1, 2024)"

Almost everything can be gambled, so they don't need to view it as a bad thing, as long as they live in a safe country, they will be fine.

[UmerIdrees]

I think different, why there's no casino add those wars into their events?

Probably like:
"Which one will win, Russia or Ukraine?"
"Which one will win, Palestine vs Israel?"
"Will Israel take revenges to Iran? Yes or No (ends in June 1, 2024)"

Do you know how it feels when a certain country or the region is in war ? The innocent civilians and kids get killed and there is a lot of terror of life and death and survival. In such a situation it won't be ethical that other parts of the world to take this as a gambling opportunity to see which country will win and bet on it  

Almost everything can be gambled, so they don't need to view it as a bad thing, as long as they live in a safe country, they will be fine.

Again i would call it a selfish act if anyone feels satisfied that he is living in a safe country and let the people, citizens and children die in the country directly affected by the war. By the way, if this Iran / Israel tension does not resolve quickly, it will turn into a world war and no country will remain a safe haven.

[retreat]

Indirectly, geopolitical conditions may influence people to gamble less. Because as geopolitical conditions get hotter it might have an effect on the economy and it will worry people that the prices of goods might soar due to inflation - and this makes people prefer to gamble less to save their money. Not to mention the problem of market conditions that may become chaotic, this will trigger the majority of people to be able to use their money more wisely, and gambling less could be their best option.

[joeperry]

We have seen some big dumps in the world stock market and crypto market and the world's business may get affected by this situation. I would like to know what impact will it have on gambling ?

Do people gamble less when they see such tensions around the globe?

Will the gambling sites/bookies will have an impact on this situation?

There's no impact in other parts of the globe aside from those country involved in the conflict. People gamble for their own interest and they didn't care whether there's a conflict in other country. The only impact I see regarding conflicts between countries are if they are participant of a worldwide leagues as they might prioritize to protect their country rather than participate in leagues but that would only be applicable to sports betting. Overall the impacts is not too much.

[bitbollo]

I don't see any real change in gambling behaviour or habits by players. Maybe just the after the first clash?!?
I don't know but personally I don't see any relation.
hence bookmakers or the same sports league have no interest in stops or delayed activity.
even during WW2 most of tournaments were still active (here in europe!) just 1 year there was a suspension

[Hewlet]

Do people gamble less when they see such tensions around the globe?

Will the gambling sites/bookies will have an impact on this situation?

maybe the effect will be with regards to affecting those regions that are involved in the war. We saw the effect of the Russia Ukraine war on Chelsea football club due to the sanction from the USA on Ibrahimovic of Chelsea and how it affected all the players and fans and since the sanction, Chelsea football performance hasn't been same till date. What's mostly the effect of war on gambling has been that if it gets serious and the lives of fans and players gets threatened along the line, major sporting programs can get suspended which will mean that thier will be a major pause in sports gambling.

[angrybirdy]

Gambling for me is a means of relieving myself from the stress of my work life and that wouldn’t change because of war happening in other countries. Now if my country is at war, I don’t think I would even have the luxury of thinking about playing my favorite slot games.  In those circumstances, things that were fun before suddenly become unimportant. My priorities would be my safety and the safety of my loved ones. So yes, definitely casinos in the affected regions will experience major reductions in the number of active users.

not unless your a gambling addict, you know that? even though the country is at risk and is experiencing a severe crisis, some people still can't stop gambling, a big example is that when there was a pandemic, others didn't totally stop gambling, the online gambling sites even made more noise that day because countries are locked down so other gamblers have moved to online gambling.. Based on your answer, it's a good indicator that you are having self control and discipline, which is good because you know what's your priorities in case that thing happens

[davis196]

From the last two days, we have experienced some major Geopolitical Tension as Iran invaded Israel and there is a fear whole world including the United States of America, Russia, China and other Middle Eastern/ Asian countries may be directly involved in this war if the situation does not norm quickly.

We have seen some big dumps in the world stock market and crypto market and the world's business may get affected by this situation. I would like to know what impact will it have on gambling ?

Do people gamble less when they see such tensions around the globe?

Will the gambling sites/bookies will have an impact on this situation?

The markets are made by people, and the people tend to panic, when something happens. The "geopolitical tension" exists since 2022(or even before 2022). Why didn't you ask the same question, when the Israel-Palestine conflict started or when Russia invaded Ukraine?
Did those "geopolitical tensions" affect the global gambling industry in any way, shape or form? The obvious answer is NO.
Maybe someone should conduct a survey about the amount of gamblers in countries, that are currently fighting, like Ukraine, Russia or Israel.
I don't think that it would be possible to gather enough verified data via such survey, because I can assume that gambling is forbidden in those countries, and most of the gamblers there are trying to hide their gambling activities.

[Kakmakr]

So what ussually happens during hightened global conflict, is a rise in inflation. The trading routes and economic activities are disrupted and we see an increase in the price of food. (Oil prices increase, because most Oil come from the Middle East and that cause an increase in the cost of farming and the rest of the food chain)

So, in theory... if you have to pay more for food and transport ... then you should have less money to spend on other things like gambling. A lot of desperate people seem to think gambling might help them, if they hit a huge Jackpot, but that seldom happens.. so they just go deeper into debt by gambling with money that should have gone to living expenses)

[Findingnemo]

Do people gamble less when they see such tensions around the globe?

Will the gambling sites/bookies will have an impact on this situation?

Not at all, People don't really stop doing their activities just because someone is dropping bombs on someone else and probably they don't even have any idea of what's happening. It will affect the people who are living in the regions and nearby and they can't even live a normal life and everyone else will do their chores as usual.

And the effect on other countries depends on where the wars are happening not who is involved.

[SatoPrincess]

Gambling for me is a means of relieving myself from the stress of my work life and that wouldn’t change because of war happening in other countries. Now if my country is at war, I don’t think I would even have the luxury of thinking about playing my favorite slot games.  In those circumstances, things that were fun before suddenly become unimportant. My priorities would be my safety and the safety of my loved ones. So yes, definitely casinos in the affected regions will experience major reductions in the number of active users.

not unless your a gambling addict, you know that? even though the country is at risk and is experiencing a severe crisis, some people still can't stop gambling, a big example is that when there was a pandemic, others didn't totally stop gambling, the online gambling sites even made more noise that day because countries are locked down so other gamblers have moved to online gambling.. Based on your answer, it's a good indicator that you are having self control and discipline, which is good because you know what's your priorities in case that thing happens

Yes I do have self control over my gambling life. But I have to disagree with your toner points, you cannot compare a war situation with what we experienced during Covid. The results are the very opposite, people were bored during the pandemic because they had nowhere to go to and could not meet up with friends or even go to work. That year, we saw a lot of people even older folks using social media more. People were surfing the internet to find new ways to keep themselves occupied, I believe online casinos got a lot of traffic in that time period. Now if it was a war, I think most people will be scared for their lives and not even think of gambling.   

[Solosanz]

Do you know how it feels when a certain country or the region is in war ? The innocent civilians and kids get killed and there is a lot of terror of life and death and survival. In such a situation it won't be ethical that other parts of the world to take this as a gambling opportunity to see which country will win and bet on it  

Again i would call it a selfish act if anyone feels satisfied that he is living in a safe country and let the people, citizens and children die in the country directly affected by the war. By the way, if this Iran / Israel tension does not resolve quickly, it will turn into a world war and no country will remain a safe haven.

If we talk about morality or empathy, it's clear it not something that should be listed.

But there are many people who take advantage over unfortunate experience on other people, I recall back when Queen Elizabeth II die, some people create a shitcoin using her name.

Ups, seems I'm wrong to say there was not casino have added this geopolitical tension on betting sites, look this one.


https://futuur.com/q/tag/israel-hamas-war

[ethereumhunter]

The online casino will not gets an impact to that war because they can still runs their business using Internet. The impact will happens if the Internet is shut down on all of that countries because the Internet source is used for the governments. The world stock market maybe gets the impact and also crypto market but that doesn't mean the online gambling business will gets the same impact.

Maybe people will still playing gambling without any worries about what happens to that countries. As long as they can visits their favorite casino as usual, they will still playing gambling. But that different if their government blocks all of the casino sites from their country and that makes their people can't playing gambling as usual. So that depends on how the government acts.

[Yatsan]

Do people gamble less when they see such tensions around the globe?

Will the gambling sites/bookies will have an impact on this situation?

Actually, it has no direct effect or relationship with gambling but some people, especially those whoch are highly affected, will of course prioritize things which are necessary such as purchasing food supplies  to help them survive if there will be a havoc due to the mentioned issues or problems. Some people would still continue gambling simply because they have a desire for it. Keep in mind that more gamblers are employees than stakeholders and investors which makes them free of worries. Most likely, those who have holdings in form of crypto would hesitate to gamble using such mode of payment and will most likely engage to fiat gambling sites, to at least lessen the risk of losing more because prices of the tokens are still down at this point.

With gambling sites or providers, they are the ones to be feeling slight effects from the actions above I've mentioned from the gamblers because there's a chance that smaller number of people would gamble and make a deposit. But nothing's certain still; things are not the same with all countries and regions so I guess others platforms still function the same way they do with or without these issues.

[Die_empty]

We have seen some big dumps in the world stock market and crypto market and the world's business may get affected by this situation. I would like to know what impact will it have on gambling ?

The global economic space is interconnected which means a problem in one sector could affect another area. The conflict in the Middle East will have adverse consequences on the supply of oil and gas. And this could lead to an increase in the price which will affect the cost of production. Some firms might consider cutting down their workforce in such a situation. Gamblers might also be affected by these job losses which will make them stop gambling. This might affect the earnings or revenue of gambling firms.

Do people gamble less when they see such tensions around the globe?

Situations like this could lead to an increase or decrease in the rate of gambling. Many people might become more conservative with spending because of these uncertainties. They might prefer to save more money because of fear of the unknown. Others who have lost jobs might stop gambling while some might decide to turn to gambling as a major source of income.

Will the gambling sites/bookies will have an impact on this situation?

Many of them might realise less revenue because conflicts lead to economic problems which will affect the income of gambling companies.