Unregulated Online Gambling is beating regulated online gambling

[coinlary]

Unregulated doesn't directly means non-Licensed but most unregulated Casinos are usually non-licenced making  them non-subject  to even weak rules .

Having that  much contribution is only because it quite flexible  and can allow most of stuffs a regulated casino won't allow . Not every country allows gambling yet we definitely have gamblers from such country and there's only  one way which is the unregulated.

No government is requiring a check on where your money is coming from or going to which could lead to one of the worse headaches for gamblers (KYC) . 

Depending on self-rules, some could even ignore traces  of money laundering . What more could prevent the figures from going up

[Achalugo BTC]

Unregulated doesn't directly means non-Licensed but most unregulated Casinos are usually non-licenced making  them non-subject  to even weak rules .

Having that  much contribution is only because it quite flexible  and can allow most of stuffs a regulated casino won't allow . Not every country allows gambling yet we definitely have gamblers from such country and there's only  one way which is the unregulated.

No government is requiring a check on where your money is coming from or going to which could lead to one of the worse headaches for gamblers (KYC) . 

Depending on self-rules, some could even ignore traces  of money laundering . What more could prevent the figures from going up

You right, though unregulated or unlicensed casino can give one the freedom they seek but the disadvantage in it makes the game won't be fun for one to play and the casino's are not to be held responsible if any player got scammed, as they are exposed to fraud. But, for their own protection,  they are to gamble and place bet with what they can lose if they don't want to gamble with regulated casino and approach it with cautiousness.

[alastantiger]

I'm quite surprised at the data in the OP I used to think that regulated casinos would be the preference of most gamblers because of their protection so that if they encounter any unresolved issues with their casino they can take it up with government authorities. So this is an eye opener for me that most gamblers don't care about protection they are more concerned about privacy and perhaps the thrill of going beyond government control. Personally I would prefer a regulated casino even though I have to do KYC as long as I feel safer that the casino will say in line with regulations and it has reputation.

For responsible gamblers like you and myself we might likely want to use regulated casinos to gamble but for those that are illegal gamblers, that is people that are gambling in countries that gambling is not allowed or they are underage and committing a crime they will love to gamble on casinos that are not regulated because with this type of casino they have the opportunity to play and not get questioned or asked to verify their identity.

Addicted gamblers don't care of the casinos that they are making use of as they will be willing to make use of any casinos just as they can fulfil their desire of gambling. People that are responsible won't mind submitting their KYC for them to be guaranteed of having a fair result when they gamble because they know that illegal casinos has lot of foul things that they do just to make money from their customers instead of considering the reputation of the casino since they can just close down the current one and open a new one if they get exposed.

[Jubilee58]

Unlicensed gambling platforms are on the increase, and some of us don't even think of gambling on genuine platform so far we can gamble , and make profit from them. But gambling on unregulated platforms are more riskier, because their is no prove of legitimacy, they are all scam, and has the risk of closing down any moment.
This unregulated gambling sites can do away with your money, more especially any time you win big, and some of them suffer withdrawal issues any time you record any win, but allows you to make deposit very easily.

Regulatory bodies should deem it necessary to identify this fake gambling sites, and possibly close those unlicensed gambling sites or make them to pay heavily as fine, and ensure they shouldn't put gamblers at risk.

[Alphakilo]

I don't know how they conducted the research to arrive at that data, because from what I've seen over the years I've been involved in gambling, most casinos, even those created by scammers, have a license from Curaçao. So it's become clear that having a license isn't a guarantee that a casino will be trustworthy, especially since Curaçao will never inspect online casinos; they simply don't care. As long as the casinos pay for the license, that's all that matters. That's why I don't prioritize licenses; for me, I prioritize the casino's reputation.

In situations where reputation matters more, gamblers will go for whatever platform they think has a positive expected value and which favors their strategy and has no issues with withdrawal or deposits or even rewards packages.
I don't know if the emergence of the Polymarket and the predictions market attributes to the increased adoption of unregulated online gambling, but am sure if it does, it might rise even further owning to how private they can be and how the use of decentralized and stablecoins makes gambling much more easier to use.

[Russlenat]

Unlicensed gambling platforms are on the increase, and some of us don't even think of gambling on genuine platform so far we can gamble , and make profit from them. But gambling on unregulated platforms are more riskier, because their is no prove of legitimacy, they are all scam, and has the risk of closing down any moment.
This unregulated gambling sites can do away with your money, more especially any time you win big, and some of them suffer withdrawal issues any time you record any win, but allows you to make deposit very easily.

That is the risk, but not all of them will just scam us, especially if they have already built a reputation and gamblers are putting money on their site.

I mean, if they scam, that could be the end of their business, compared to making money daily because gamblers continue using their casino. So most of them would probably choose regular income over a one-time scam that could even put them in jail because of a serious offense, which is worse than just operating without a license.

Still, knowing these risks is very important because it helps us manage them better. If one day they decide to exit scam, it will not surprise us anymore because we already know it is possible. One thing we can do to minimize the risk is not to leave too much money inside the casino. Just deposit and withdraw regularly, because we never know when they might turn off that damn thing.

[Wind_FURY]

Unregulated doesn't directly means non-Licensed but most unregulated Casinos are usually non-licenced making  them non-subject  to even weak rules .

Having that  much contribution is only because it quite flexible  and can allow most of stuffs a regulated casino won't allow . Not every country allows gambling yet we definitely have gamblers from such country and there's only  one way which is the unregulated.

No government is requiring a check on where your money is coming from or going to which could lead to one of the worse headaches for gamblers (KYC) . 

Depending on self-rules, some could even ignore traces  of money laundering . What more could prevent the figures from going up

What the government merely wants is to TAX, you, the pleb. They don't actually care if there are nefarious activity in those casinos unless it's moving money through them for terrorist financing and other more serious threats in their country. But if you're a mere PLEB who likes to gamble your monthly salary, they don't care.

  ¯\_(ツ)_/¯

BUT the TAX - They won't forget.

[Insanity]

I don't know how they conducted the research to arrive at that data, because from what I've seen over the years I've been involved in gambling, most casinos, even those created by scammers, have a license from Curaçao. So it's become clear that having a license isn't a guarantee that a casino will be trustworthy, especially since Curaçao will never inspect online casinos; they simply don't care. As long as the casinos pay for the license, that's all that matters. That's why I don't prioritize licenses; for me, I prioritize the casino's reputation.

In situations where reputation matters more, gamblers will go for whatever platform they think has a positive expected value and which favors their strategy and has no issues with withdrawal or deposits or even rewards packages.
I don't know if the emergence of the Polymarket and the predictions market attributes to the increased adoption of unregulated online gambling, but am sure if it does, it might rise even further owning to how private they can be and how the use of decentralized and stablecoins makes gambling much more easier to use.

While I agree many gamblers do not consider a license as the primary concern when choosing a gambling platform, well, there's always the factor of reputation and actual user experience, isn't there? It doesn't matter how licensed a casino is. It can still cause problems in regards to withdrawals. Account restrictions. Or even customer support. Meanwhile the emergence of uncontrolled gambling is also linked to privacy. Crypto payments and the absence of limitations. Convenience and flexibility are key factors that draw in many players. But with fewer regulations. There are also greater risks. Making it important for users to do their due diligence before putting their trust in a platform.

[ralle14]

I'm not surprised that's the case, because aside from having a solid reputation, these unlicensed casinos can also be competitive in their offerings and services. These verified licenses alone won't be enough to convert other players and i'd probably do the same if I end up in the same situation because there's no need to settle for less and inconvenience myself when the better option is obvious.

The risk of a KYC check will always be there, but that could take a while, and some casinos i've been with are lenient with their policy updates.

[suzanne5223]

This is something many of us are not aware of; all we know is that gamblers' preferences have always been on regulated casinos for their protection,

I don't know the global wagering value of unregulated online gambling until now, but it is not in all regulated casinos that gamblers get the needed protection due to how some licensed casinos have scammed their users and are still operating as we speak, so i personally use a gambling platform based on my judgement about their service, not because it's licensed.

so with this figure, can we conclude that unlicensed or unregulated gambling markets are the much prefer of gamblers, or gamblers just don't care as long as the casino has a good reputation in the community

Maybe we have many gamblers that only care about the casino's good reputation in the community, not the license, but I strongly believe what makes unregulated gambling markets wagering value climb that high is because of users from restricted/banned countries, or underage gamblers.

[bakasabo]

I am not surprised that number and popularity of unlicensed casinos are dominating on the market. I think that biggest part of those who gamble havent even checked or bother if the casino where they gamble have real license or have it at all. All what those people care are access to casino, ability to play and to get money (if they win). Gambling is such a popular activity, that casino owners dont want to waste time and money getting license. They also care only about quick start with maximum income and minimum expenses.

Usually many people choose unlicensed because aside that they offer easy access to gambler, they also don't ask KYC. That type of flexibility is what commonly looking by most of the gamblers especially if they don't want to comply and submit their KYC details on a regulated casino.

Although we know the consequences because chances to get scam is there, but if we choose those well known reputable casino. Still we can have some little bit assurance that those bad instances will happen with them.

This might be the one of the reasons why people chose unregulated over regulated, but I dont think that this reason has large % among all those who prefer unregulated. There is a large and popular casino where I gamble for years, and still wasnt asked for KYC. Regulated casino does not mean that gambler will be asked to pass KYC immediately. I think it we ask random 1000 gamblers, many if them wont be sure to answer if their casino is regulated or not, and not many were asked (forced) to pass KYC.

But without doubts, there is truth in your words. If I was 100% sure that I will be asked to pass KYC in casino, and be sure that unregulated wont scam me, I would play there.

[Asiska02]

This is something many of us are not aware of; all we know is that gamblers' preferences have always been on regulated casinos for their protection, so with this figure, can we conclude that unlicensed or unregulated gambling markets are the much prefer of gamblers, or gamblers just don't care as long as the casino has a good reputation in the community

People don’t care about a casino if licensed or not, as long as they get what they want from the casino. Some people don’t like KYC and most that’s what you’ll get from a licensed casino under watch and scrutiny. An unlicensed gambling casino have their way of getting players attracted to them and want to use their services. Strict rules and adherence of licensed casinos get people swayed away from them but sometime they’re the best because they can’t exit scam and run away with customers money as an unregistered casino will do. As a casino, I think customers are more concerned about reputation and trust people have on your services rather than knowing if you’ve been licensed or not.

[Dr.Bitcoin_Strange]

While I agree many gamblers do not consider a license as the primary concern when choosing a gambling platform, well, there's always the factor of reputation and actual user experience, isn't there? It doesn't matter how licensed a casino is. It can still cause problems in regards to withdrawals. Account restrictions. Or even customer support. Meanwhile the emergence of uncontrolled gambling is also linked to privacy. Crypto payments and the absence of limitations. Convenience and flexibility are key factors that draw in many players. But with fewer regulations. There are also greater risks. Making it important for users to do their due diligence before putting their trust in a platform.

Most of these reputable casinos has license and are regulated in some country, so even before people starts to trust the casinos, many others have tested and testified that the casino is good and so even if the casino is accessible in unregulated country, it doesn't mean it is not actually licensed. What you said about having some issues like withdrawal challenges is very possible with both regulated and unregulated casino that's why one has to figure out the casino that is good for them.

[Joy- maker]

This is something many of us are not aware of; all we know is that gamblers' preferences have always been on regulated casinos for their protection, so with this figure, can we conclude that unlicensed or unregulated gambling markets are the much prefer of gamblers, or gamblers just don't care as long as the casino has a good reputation in the community

I can't speak for everybody on this matter I can only speak for myself. As for me, I do not care wether a casino is licensed or nothing, provided the casino has a good reputation in community I can gamble on the platform.  However, when it comes to new casinos, even if they are licensed I gamble with caution, because even licensed casinos can still scam people.  What I mostly look out for in casinos is their reputation not wether they are licensed or not.

[AVE5]

can we conclude that unlicensed or unregulated gambling markets are the much prefer of gamblers, or gamblers just don't care as long as the casino has a good reputation in the community

I think it's the later, most of the gamblers would like to stay into a casino that has a good reputation in the gambling community.
It sets them a standard why that casino is receiving that much reputation from the community. And they conclude that it's because of how good they are.
So, they're not going to look out for whatever other regulations or licenses they are up to. As long as where the crowd is going, that means that it's trustworthy and if the many are trusting it, why not us as an individual?
Although it still differs per experience that we get from that casino that many says is a reputed platform.

Why most people had preferred to use the unregulated casino's was to keep their privacy against government sanctions but now that gambling business has become a trending competition in the prediction market, guys don't consider the risk of giving their Kyc to the authorities anymore while they only deposit amount of funds they budgets to use for their bets.
This is unlike the skepticism we feel on holding our investment funds in the crypto exchange over the vulnerability to get our accounts hacked or the authorities having decisions over how we spends our fund's while the non custodial wallets enhances users security and keeps privacies.
So just as majority don't don't find it much complaining to keep funds to be used in a short time in the exchange, that's how we've also come to feel the comfortability of using the licensed casino's. All is required is to consider their reputation.

[LUCKMCFLY]

To be fair to them, the support eventually sorted it out and I got my crypto, but man, waiting for a few days and arguing with live chat was nerve-wracking. Makes you realize that playing unregulated means you're always sweating a bit when cashing out.

Well, that's a feeling that must be very unpleasant, and things aren't usually so comfortable when you think about it. We know that winning in a casino is not easy at all; it's a tough and difficult system, but basically, we must be people who know what we're getting into. It's not easy when a casino lacks certain things, but I imagine that when you won, you felt like your soul had been relieved.

[Insanity]

This is something many of us are not aware of; all we know is that gamblers' preferences have always been on regulated casinos for their protection, so with this figure, can we conclude that unlicensed or unregulated gambling markets are the much prefer of gamblers, or gamblers just don't care as long as the casino has a good reputation in the community

I can't speak for everybody on this matter I can only speak for myself. As for me, I do not care wether a casino is licensed or nothing, provided the casino has a good reputation in community I can gamble on the platform.  However, when it comes to new casinos, even if they are licensed I gamble with caution, because even licensed casinos can still scam people.  What I mostly look out for in casinos is their reputation not wether they are licensed or not.

I agree that reputation will have a significant role as a license does not ensure safety. Over time we've noticed various licensed casinos taking longer to pay. Imposing unfair terms and conditions. Or even going out of business. But I still believe there is a role for regulation to provide an additional layer for protection. Particularly in the dispute and accountability domains. While a good reputation and trust in the community is important, it shouldn't be the only factor and new players should not overlook licensing. A combination of both  a good reputation in the community and a recognised license is probably the best way to go about it.

[Fivestar4everMVP]

Global Unregulated Online Gambling Reaches $5.9 Trillion

This is something many of us are not aware of; all we know is that gamblers' preferences have always been on regulated casinos for their protection, so with this figure, can we conclude that unlicensed or unregulated gambling markets are the much prefer of gamblers, or gamblers just don't care as long as the casino has a good reputation in the community

Well, gamblers simply don't care about statistics like this, atleast to the best of my knowledge from what I've seen so far, and also, gamblers actually go prefer unregulated casinos simply for one major reason, and that reason is because unregulated casinos often come with no-kyc verification for their users, that is, this unregulated casinos do not ask their users to submit any personal information or documents for kyc verification, and this is one thing most, I would say 99.99 percent of gamblers like.

So I am not surprised at all that unregulated casinos seems to be generating more money than the regulated ones, but this is the fault of that government and regulatory body as well..
Imagine where a registered casino will steal from users both money and personal information and run away, yet the regulatory body won't do shit about it, then what exactly is the essence of me going to a casino where I am put under the pressure of kyc verification whereas in the end, I won't be protected by the same regulatory body that forced the casino to collect my personal information?

[TedMosby]

-snip-

This is something many of us are not aware of; all we know is that gamblers' preferences have always been on regulated casinos for their protection, so with this figure, can we conclude that unlicensed or unregulated gambling markets are the much prefer of gamblers, or gamblers just don't care as long as the casino has a good reputation in the community

I think gamblers, especially new gamblers or those newly obsessed to gambling, don't care about casino reputation. They are still in the spectrum of money. If it offers a chance to win and big bonuses, then they're in.

It happens in my country. Gambling is illegal here. But the number of gambling sites you can see every day on social media is numerous. Even the names are just absurd. Sometimes they are unreadable. Sometimes it just consists of random letter and number just like your everyday password .

I also pay attention to the habits of these gamblers who treat new casino sites like a fast trend. You play, you lose, you jump to another site. That's why the promos of unregulated gambling sites are massively distributed across many channels, like Instagram, WhatsApp, YouTube comments, or even broadcasted by network operators through SMS, which I don't even know how it's allowed by the network providers to promote illegal things.

There are approximately 8.8 million people who play online gambling in my country. Not only adults, but students and kids too. Online gambling and online loans are serious issues in my country. The worst part is these 2 things are correlated.

[fruktik]

Well, numbers don't lie, so that must be the case that gamblers doesn't care if the platform is regulated or not. Just like in our country, the Philippines, I still see most gamblers really playing on unregulated gambling sites that our government has banned.

So maybe it's not about the license anymore, perhaps those unregulated have been paying their customers very quick and without any withdrawal issues that's why gamblers still prefers them.

I played at an unlicensed casino for a couple of years. You know what its advantage was? It always paid out money without any problems, and you could even withdraw the minimum deposit. If I'm not mistaken, it was only $10. So I didn't care that it was illegal. You always need to check the information about the site. I read reviews, and there were more positive ones than negative ones. Yes, in some cases you could have thought they were paid, but experience has shown otherwise.