Cashy Justice Fund?

[Ashawowo(OS)]

But personally, I think this is mainly a way to attract gamblers away from other casinos and get them to switch to Cashy.  From a marketing perspective, that makes perfect sense.

If this is their marketing PR, then it is a very good and positive one. Those people they paid their looses would share the testimony to others and both them and their recruits would turn to Cashy as more people would come to feel safe and trust them. I find it very interesting, effective and unique. If they treat their clients well and do the charity, then their tactics would be productive.

Instead of hiring influencers and handing out sponsorship deals, they chose to relate directly to gamblers which is super nice. The $1m investment might as well be a good and effective one.

[Tomas Worker]

But personally, I think this is mainly a way to attract gamblers away from other casinos and get them to switch to Cashy.  From a marketing perspective, that makes perfect sense.

If this is their marketing PR, then it is a very good and positive one. Those people they paid their looses would share the testimony to others and both them and their recruits would turn to Cashy as more people would come to feel safe and trust them. I find it very interesting, effective and unique. If they treat their clients well and do the charity, then their tactics would be productive.

Instead of hiring influencers and handing out sponsorship deals, they chose to relate directly to gamblers which is super nice. The $1m investment might as well be a good and effective one.

Positive initiative for sure but knowing people I doubt it will last long. Someone will show up demanding their money back and get refused for perfectly objective reasons and then say "you refunded my friend but you refuse me so what are you scammers?"
the people it was made for might be the ones who end up ruining it

[uneng]

There’s still a chance that they are a new company that took over both Bitstarz and Cashy since the change of registered owner company is just recently. But I will definitely avoid this casino for now.

It might be, but most likely it's not... There isn't free lunch, and for those guys to be distributing a fund of 1$ million dollars, it means they have already made much more someway else, and now considering the history, who knows if that fund ironically comes from scammed users from other casino services they operated previously?

The initiative sounds too good to be true.

[DPHOR]

I don't know how wealthy this site could be but what I senses there is that they are only doing that to build their reputation because from what most casinos does, they easily look for what that will make their users not to have full access to their funds that is won on their site. Most casinos can also easily rush to update their ToS just to make sure they suits themselves and not the player. But it's surprising to see that cashy justice fund  is doing that willingly without any return, so to me what I just concluded is that they are doing to make sure they have lot attention to their or possibly that could be there own of doing marketing for their gambli site.
I believe, there lot of scam accusations on some casinos and they also blocked lot account, any of them can try their luck on cashy justice fund to know if they could be compensated as well.

[Zlantann]

It might be, but most likely it's not... There isn't free lunch, and for those guys to be distributing a fund of 1$ million dollars, it means they have already made much more someway else, and now considering the history, who knows if that fund ironically comes from scammed users from other casino services they operated previously?

The initiative sounds too good to be true.

Even some International NGOs don't give out aid without strings attached. How can we confirm the authenticity of their testimonies of giving out free money to victims? Some of these settled claims might be fabricated to gain public attention. 

These days, companies come up with different strategies to promote their services.  Recently, a casino paid a popular YouTuber bot to create content for a specific period. While others pay these influencers to talk about their brands, others did the opposite, which is to silence the influencer. And the marketing strategy worked as people began to talk about the contract of silence.

https://www.casino.org/news/is-jack-dohertys-muting-by-crypto-casino-just-another-stunt/

[iv4n]

Cashy Justice Fund. Well, that's something new! Honestly, I'm not sure what to think about it... It's definitely marketing, but I can't say I like it. Are they building trust by cleaning up the competitor's mess?  I checked the site, pretty ordinary casino, there's nothing special about it. So maybe they should focus on their own product instead of playing the white knight, telling us how they have a million-dollar fund for players who got scammed by other casinos.

Unique idea, no doubt about that... but there are too many questions. They partnered with AskGamblers, but who will be the real judge who will get the money? If AskGamblers knows the entire player history, it raises a big red flag! Are they just helping random victims, or selectively choosing who qualifies?

In any case, this is not so attractive to me... And I will not give them a try for sure! I will rethink it when they show up on the forum & improve their product.

[davis196]

While this is good for those who are seeking compensation for their losses, it makes me wonder why Cashy is doing this. I mean, it wouldn't be a surprise if they were compensating their own users, but users from other casinos? Why? What's in it for them? Good PR? Building their reputation? That certainly might happen if they continue on helping various users.

That's a pretty original marketing approach. I wonder if this campaign would continue after they spend their 1 million "justice fund".
I also wonder if someone could possibly take advantage of this "justice fund" by faking scam accusations against various crypto casinos and trying to create counterfeit proof of being scammed. How does the team behind Cashy handle each and every scam accusation case?
All the crypto casinos, that have been accused of scamming their users definitely won't be OK with their brands being publicly exploited by another casino. Maybe some crypto casinos would hire lawyers and start lawsuits against Cashy.

[Ishicryptic]

There’s still a chance that they are a new company that took over both Bitstarz and Cashy since the change of registered owner company is just recently. But I will definitely avoid this casino for now.

It might be, but most likely it's not... There isn't free lunch, and for those guys to be distributing a fund of 1$ million dollars, it means they have already made much more someway else, and now considering the history, who knows if that fund ironically comes from scammed users from other casino services they operated previously?

The initiative sounds too good to be true.

I also hold that opinion that there's no free lunch online and that there's always a catch to whatever seems too good to be true, let us wait and see how long these charitable act of paying gamblers that have been supposedly scammed in other casinos, I doubt that casinos are that generous. Whatever theories that we are coming up with why they are taking up other casinos responsibilities of paying their winners as far as we don't have any proofs yet of any ulterior motives we should give them the benefits of doubt and praise them for doing something extraordinary.  

[Fortify]

I've recently stumbled upon this casino (Cashy.com) that supposedly offers help to users who have been wronged by other online casinos. They are calling it the Cashy Justice Fund.

While this is good for those who are seeking compensation for their losses, it makes me wonder why Cashy is doing this. I mean, it wouldn't be a surprise if they were compensating their own users, but users from other casinos? Why? What's in it for them? Good PR? Building their reputation? That certainly might happen if they continue on helping various users.

Per their own data, they've paid around $84k already.

[ EDIT ] I think this info is somewhat important.  

Fun Fact: This casino was operated by Gareton B.V. which is same company of BitStarz casino that has negative trust rating on the forum.
https://bitcointalk.org/index.php?action=profile;u=307265

https://www.askgamblers.com/online-casinos/companies/gareton-b-v

^{P.S. I don't know if this belongs here (cause it's a service, right?) or in the gambling boards. I didn't find any official thread about this casino. Also, I'm not affiliated with them, and this isn't a sponsored post.}

If you think of it as "crowd sourcing" a fund that can pay for lawyers on behalf of people who have legitimately been scammed by casinos it sounds like a good idea. As it has not been done before though you have to ask yourself why and I can think of two primary reasons. Firstly good lawyers are very expensive and charge a lot, in order to go through all the court system or engage with these offshore jurisdictions, it'll cost a lot of money which is going to eat into any settlement *if* they're able to get one. Secondly, so many people create drama in the casino space claiming to be scammed but the reality is they don't want to accept that they put money into a game that was fully clear about the arrangement up front. For every rogue casino out there or genuine screw up, there are likely 100 cases where people feel wronged but were just paying for a form of entertainment. Lawyers tolerate drama but trying to wade through all this additional noise also creates expenses that have to be covered some how and it'll be through monies recovered. People who lost sizable amounts probably have enough money to pay for threatening lawyers up front and those that don't would probably lose anything recovered to fees anyway. This forum does probably the best job at keeping these companies accountable and the scam accusation board is taken seriously, I'm not sure this "Cashy" proposal has much to add.

[Betwrong]

I've recently stumbled upon this casino (Cashy.com) that supposedly offers help to users who have been wronged by other online casinos. They are calling it the Cashy Justice Fund.
~

Idk, maybe it's a good thing that people have a place where they can complain about being scammed on some shady site and even get compensation for their losses, but I think it's more important to avoid playing on such shady sites in the first place. There are many great sites where you can play without any problems. Why even bother registering on these shady sites?

[julerz12]

If you think of it as "crowd sourcing" a fund that can pay for lawyers on behalf of people who have legitimately been scammed by casinos it sounds like a good idea. As it has not been done before though you have to ask yourself why and I can think of two primary reasons.
Firstly good lawyers are very expensive  ~snip~
Secondly, so many people create drama in the casino space claiming to be scammed but the reality is they don't want to accept that they put money into a game that was fully clear about the arrangement up front.

You're right. Also, I doubt Cashy's initiative even involves lawyers. Most probably, they verify the details of the cases based on what's presented on some of the ADRs like AskGamblers, on their own; they may even ask someone from AskGamblers to review the cases or disputes filed on their platform. Based on their criteria, they also seem not to accept disputes that are clearly just drama, meaning the fault really is on the player and not on the casino.

~snip~ but I think it's more important to avoid playing on such shady sites in the first place. There are many great sites where you can play without any problems. Why even bother registering on these shady sites?

Some new online casinos really have good promos; very enticing ones like 200% deposit bonuses, VIP transfers, massive rakebacks, etc. Some are even so unique that they make gamblers want to play on their sites.
Also, I guess some gamblers just want to experience new platforms rather than continuing to play on those old/safe sites. Risky, but it might be worth it for other gamblers.

Overall, it really is a great initiative, especially for someone who's looking to get compensated; I just wish it wasn't tied to another casino with a lot of red flags. 

That's a pretty original marketing approach. I wonder if this campaign would continue after they spend their 1 million "justice fund".

Either they'll stop it, or replenish it. I guess that all depends on whether their casino is still active at that time, and whether business is booming or not.

I also wonder if someone could possibly take advantage of this "justice fund" by faking scam accusations against various crypto casinos and trying to create counterfeit proof of being scammed. How does the team behind Cashy handle each and every scam accusation case?

They have very extensive criteria as to who could file a claim on their justice fund. You can check it out on their site here: https://cashy.com/justice-fund

How can we confirm the authenticity of their testimonies of giving out free money to victims? Some of these settled claims might be fabricated to gain public attention.  \

Well, yeah, that's possible. We could also cross-reference these paid-out claims with the actual unresolved disputes filed on those ADRs like AskGamblers/CasinoGuru and see if these are really valid. The paid transaction is already on the public blockchain, so one would only need to verify the authenticity of these disputes. One of these days, I'll try to find out more about it. 

[Cointxz]

There’s still a chance that they are a new company that took over both Bitstarz and Cashy since the change of registered owner company is just recently. But I will definitely avoid this casino for now.

It might be, but most likely it's not... There isn't free lunch, and for those guys to be distributing a fund of 1$ million dollars, it means they have already made much more someway else, and now considering the history, who knows if that fund ironically comes from scammed users from other casino services they operated previously?

The initiative sounds too good to be true.

This is the irony part when I found the connection between Cashy and bitstarz.

On the bright side, at least they are giving back the scam money to the affected users on different casinos. It’s up to the player if they will do due diligence on this casino or not.

But as a normal gambler like us, We will be skeptical immediately on the reason behind this looks like altruism move.

[crwth]

From what I have read so far, I also think this is, somehow, a marketing move. A strategy to build reputation as well, to have a "good image" of the brand or something.

OR

Is the fund also for regulatory licensing stuff? Maybe for compensation if there are issues? It probably reduces risk as well.