State actors involved in setting up gambling apparatuses

[red4slash]

I think it is possible for this to happen even in my country even though currently gambling is still illegal but there are some powerful people in the government who are associated with gambling and become protectors when some of them try to eradicate this so what are you saying when there are important people including actors doing that then I will not be surprised.

Gambling today still has a bad stigma in some cases as well as some countries that consider this illegal but it cannot be denied that this is a business that will be very profitable for them so I don't really doubt when there are tons of people including those who have a big following being a part of it even though some are doing it obviously and some are just shadows to be behind the scenes.

Money can manipulate those corrupt official, so don't get surprise about those situation since if those casino owners could pay the government for protection they can continue operate. This is the power of money and that's the reason why you see those operators continue to operate despite of having an illegal stance towards those platforms.

Gambling is spreading and if government don't do anything it can hit bad on the society. Then as a result there are so many people got affected badly because those officials didn't care about their people.

That's the point and even funnier was when some gamblers in my country were arrested just because they allegedly harmed the bookies in gambling but the bookies were not found (because illegal gambling would be detrimental if they appeared) which became a situation that I think is mindblowing here
The corrupt officials who make everything about personal gain will certainly not let go of the opportunity when there is a satisfactory payment from the bookies even though gambling is still illegal in this country.

I doubt the “corrupt” government can make a change here or rather not care about what happens to its people because all it cares about here is the profit they will have and in the end when its people gamble and get addicted then the risk becomes their own responsibility on the one hand even if the government is not corrupt they will also not be able to overcome gambling completely considering gambling is an individual right of each and most (even almost all gamblers) do gambling without any coercion from anyone.

[Dunamisx]

For instance, we have no idea which people run the majority of crypto casinos.

This is very difficult to know indeed, not only gambling platforms this time around, but many other establishments we see around us, we tend not to have idea about who runs them, we only see them available for our patronage, but to be sincere, most of the rich will like to venture into businesses that are capital intensive as well as being profitable, this is normal, just that some are nothing but a public fund diversion.

[henmark]

For instance, we have no idea which people run the majority of crypto casinos. It certainly isn't the lawyer setting them up offices in his name in Cyprus that is the sole benefactor. He's just a rubber stamped front man. But who really runs these casinos? Until proven otherwise it could very well be DPRK state actors, Kremlin cronies and whatnot.

Since it's such a profitable business, but now requires high capital input to get started, it's not unlikely that some shadow state apparatus has been involved setting up casinos. It could be a very good tool to evade sanctions too.

I think there is nothing surprising in that. In countries where gambling is legal and people are allowed to have and run casinos and gambling businesses, people might do it openly, just like Donald Trump who owns or had owned a bunch of casino businesses in the past.

However, in countries where running such businesses is forbidden by the laws because gambling is illegal, state officials can surely find their ways to still do their business to make some money because they know that casinos are capable to make good revenue if they are managed and marketed very well, so they will definitely do it.

There even can be mafias controlling all the gambling and casino businesses within a country that are operating in the dark despite the fact that the country doesn't allow it by law, and these mafias won't allow other people in the business, they have enough power to find anyone who tries to start a casino business online to make money, and as soon as they find out, they make them stop running the business because they don't want any competition and wants the whole market to be theirs.

[nimogsm]

I wouldn't be surprised if it turns out that the owners of large crypto casinos are government officials. If you think about it, it's extremely convenient: the security forces are also under their control, so no one will dig under them because they could be in on it, and journalists won't look for anything either, because that would be dangerous. Where there's big money, there are always government officials.

[Floxynice]

I wouldn't be surprised if it turns out that the owners of large crypto casinos are government officials. If you think about it, it's extremely convenient: the security forces are also under their control, so no one will dig under them because they could be in on it, and journalists won't look for anything either, because that would be dangerous. Where there's big money, there are always government officials.

I wouldn't be surprised either. The gambling business is indeed a capital intensive business. In my country, the guys that we know who run these business are not just entrepreneurs, they are prominent men who claim not to be directly involved in politics, but have very strong political connections. Ever wondered why a common gambler rarely wins a case against the casino when there is a dispute? That is because the original owners of gambling business are the ones in the government offices. If they had their way, they would grant themselves some kind of partial monopoly over the gambling industry.

[Cryptomultiplier]

I wouldn't be surprised if it turns out that the owners of large crypto casinos are government officials. If you think about it, it's extremely convenient: the security forces are also under their control, so no one will dig under them because they could be in on it, and journalists won't look for anything either, because that would be dangerous. Where there's big money, there are always government officials.

I agree about state actors or big time politicians and leaders being on the in when it comes to owning or setting up casinos, after all, casino business is a good business to launder cash that's too large and easily detected by AML policies and even traditional banking businesses.
So I do not think that the lack of transparency for these casinos is a bug, but a feature in itself, mostly when it involves billion dollar casino businesses without clear identity of the owners involved.

[mcdouglasx]

In the simplest terms, the gambling and casino industry has always been a tool for money laundering, organized crime, and corruption. Now, with the addition of the crypto world, it's not unreasonable to think this will happen, and indeed, it was something that was expected. Hence the problems, obstacles, and regulations that many governments have imposed regarding the crypto world, since it's an upgrade to the world of money laundering.

And don't get me wrong, the crypto world is just a tool. If it's used for evil, it's no longer a flaw, but the responsibility falls on the one using it for these purposes... in short, a knife can be used for cooking or as a weapon.

[serjent05]

Since it's such a profitable business, but now requires high capital input to get started, it's not unlikely that some shadow state apparatus has been involved setting up casinos. It could be a very good tool to evade sanctions too.

This is highly possible but I am certain that people behind casinos and gambling platforms either have deep pockets or have some institution sponsoring them.  But does it matter?  As long as the casino have license and is approved by the country to operate, I do not think that there will be an issue about its operation.

In my country, several actors have been ambassadors of casino platforms, but I think it would be a scandal if government officials established a gambling platform because it conflicts with the country's anti-graft and corruption law.

[Awaklara]

I think, even in countries that prohibit gambling, there are government officials involved to provide protection in exchange for an agreed-upon reward. Whether it is sharing a portion of the profits or in the form of regular payments made by illegal casinos. 
Corrupt officials will always prioritize themselves. And most people in the government have their own interests, even when what they do is against the law in their own country. 
All the more so for officials in countries where regulations are favorable to the gambling business. Not only as a profitable business, but it can truly become a source of wealth for officials.

[qwertyup23]

I had this idea the other day,

Since crypto gambling is something so highly sought after, and especially given that a gambling business can be set up anonymously, what tells us that state actors aren't in the game?

Unfortunately, that's basically it. Cryptocurrency casinos are designed for anonymity because that's what it was purposely created for. However in order to circumvent this, certain casinos have started to adopt KYC as a prerequisite for your withdrawals. Basically, this is only the only way to determine if some government officials participate in gambling. Anything other than KYC, I doubt that we would ever know if they are truly participating in such.

Since it's such a profitable business, but now requires high capital input to get started, it's not unlikely that some shadow state apparatus has been involved setting up casinos. It could be a very good tool to evade sanctions too.

At the end of the day, you would weigh the pros and cons of cryptocurrencies, as a whole. Unfortunately, this is one of those moments where anonymity is a huge CON- it provides an avenue for State Actors to participate and get their foot on the game in which they shouldn't in the first place.

[mak013]

I had this idea the other day,

Since crypto gambling is something so highly sought after, and especially given that a gambling business can be set up anonymously, what tells us that state actors aren't in the game?

For instance, we have no idea which people run the majority of crypto casinos. It certainly isn't the lawyer setting them up offices in his name in Cyprus that is the sole benefactor. He's just a rubber stamped front man. But who really runs these casinos? Until proven otherwise it could very well be DPRK state actors, Kremlin cronies and whatnot.

Since it's such a profitable business, but now requires high capital input to get started, it's not unlikely that some shadow state apparatus has been involved setting up casinos. It could be a very good tool to evade sanctions too.

Be careful, i`m sure that KGB is watching on you! 

Cmon, stop reading spy books. Some officials can be casino owners, but i don`t think that any country would be interested in it. They have other ways to "wash money"(if they need).
Also cryptocurrencies give an opportunity to send money from one country to another without casinos - just p2p between two officials.

[Odusko]

For instance, we have no idea which people run the majority of crypto casinos.

This is very difficult to know indeed, not only gambling platforms this time around, but many other establishments we see around us, we tend not to have idea about who runs them, we only see them available for our patronage, but to be sincere, most of the rich will like to venture into businesses that are capital intensive as well as being profitable, this is normal, just that some are nothing but a public fund diversion.

Most of the big players in the market in every sector not only in running casinos but other businesses that require huge funding, and some restrictions for politically exposed person, they will sure fine a way to get into such a business through the back door using other people to front the business while the main owner remains known to the public.

[Wakate]

There are so many government officials that are involved in having a share in different casinos in the state and this is because their is money in the business since it requires a lot of money for it to be set and built to the level where so many gamblers will be longing to bet and test the good casinos since the owners are anonymous to the public.

[Yorubek]

I think it is possible for this to happen even in my country even though currently gambling is still illegal but there are some powerful people in the government who are associated with gambling and become protectors when some of them try to eradicate this so what are you saying when there are important people including actors doing that then I will not be surprised.

Gambling today still has a bad stigma in some cases as well as some countries that consider this illegal but it cannot be denied that this is a business that will be very profitable for them so I don't really doubt when there are tons of people including those who have a big following being a part of it even though some are doing it obviously and some are just shadows to be behind the scenes.

Money can manipulate those corrupt official, so don't get surprise about those situation since if those casino owners could pay the government for protection they can continue operate. This is the power of money and that's the reason why you see those operators continue to operate despite of having an illegal stance towards those platforms.

Gambling is spreading and if government don't do anything it can hit bad on the society. Then as a result there are so many people got affected badly because those officials didn't care about their people.

It is absolutely right, despite the fact that gambling is illegal, gambling is going on over time. It is never possible to stop it completely because the big leaders and workers of the government team are behind it. Despite various government restrictions, casino owners are continuing to do business day after day. People are being sold to money. People are doing any illegal work through money and can survive day after day. If the government does not take any right steps, then society can gradually fall into ruin.

[purple_sparkles]

I think many politicians have explored various high-profit ventures, including gambling. The money they obtain through corrupt schemes needs to be placed somewhere in a way that continues generating profit. That’s why, even when they pass laws that seem to restrict the gambling industry, they often know about loopholes or deliberately ignore violations for their own benefit.

[Chinesebaby]

I had this idea the other day,

Since crypto gambling is something so highly sought after, and especially given that a gambling business can be set up anonymously, what tells us that state actors aren't in the game?

For instance, we have no idea which people run the majority of crypto casinos. It certainly isn't the lawyer setting them up offices in his name in Cyprus that is the sole benefactor. He's just a rubber stamped front man. But who really runs these casinos? Until proven otherwise it could very well be DPRK state actors, Kremlin cronies and whatnot.

Since it's such a profitable business, but now requires high capital input to get started, it's not unlikely that some shadow state apparatus has been involved setting up casinos. It could be a very good tool to evade sanctions too.

No law prohibits states actors from owning personal businesses. And since the gambling industry is currently the most lucrative at the moment, and likewise these State actors having the financial competence of starting these businesses, I won't argue if any of these states actors are later found to own any of these popular crypto casinos. Because the only time I think their might be an issue is if the alleged state actor is found guilty of embezzling funds meant for the public for starting his personal business. But if his source is genuine, our KYC is safe and secure, then I see nothing wrong with he setting up a gambling apparatus

[Findingnemo]

Is it possible to get a registered casino without mentioning the real owner? A layer can do the paperwork but the source of funds can't be coming from himself so someone has to be named here with all the records needed for that.

But as Saul Goodman said he knows a guy who knows a guy who is willing to report losses to evade taxes with fake loss but it happens everywhere.

[retreat]

We all know who the actors behind these casino platforms are. Even in my country, where gambling is strictly prohibited, there are so many officials and law enforcement officers involved in the illegal gambling business. They are involved in this business while simultaneously cracking down on illegal gambling platforms. Therefore, it's no surprise that they can afford luxury homes and luxury cars, despite their limited salaries, and it's unreasonable to believe they could have acquired such things through legitimate means.

[len01]

Cases like this are no longer a public secret. Even in countries that strictly ban gambling, many high-level officials are reportedly involved in running online casinos and even cooperate with state apparatus so the business can operate smoothly.

For example, some time ago I read an article (I forgot the exact source) about a country that prohibits all forms of gambling, where a group of young people managed to drain funds from an online casino platform by exploiting cashback promotions, causing significant losses. Strangely, the casino reported the case to the authorities, and those youths were arrested and jailed on the grounds of committing fraud against the gambling platform.

So it’s quite ironic, the country bans gambling, yet when a case like this happens, the authorities end up defending the gambling business instead. 

[Davidvictorson]

The Lazarus Group are hackers from North Korea, and you're right that they may have ties to casinos. They even set up their own gaming platform to launder money, and we all know that casinos and crypto mixers are quite effective ways to launder stolen money and cryptocurrency. Regarding the Kremlin cronies, that's also a viable theory because they're under sanctions, and moving cryptocurrency through casinos is an excellent way to whitewash the money and make it invisible and clean. Therefore, all these theories are not without merit.

I agree and there are so many of such that I think are yet to come to the public attention. I am making a guess that many of these unknown casinos that are popping up and scamming people are part of it because they usually change their name once they are caught and reported. One would easily notice be a their UI/UX interface will almost be similar to the previous one.