Post
Topic
Board Bitcoin Discussion
Re: Your opinions on Online Gambling and Bitcoin
by
Ron~Popeil
on 14/04/2015, 02:21:34 UTC
i think that online gambling should be regulated in some way, now with bitcoin, people feel even more secure to gambling(it sound like an oxymoron) but really it is the true, maybe put a limit on the bet or something?

because many of them can't stop playing until they lose all(and i know how they feel fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity
I agree, bitcoin gambling services should be more regulated and taxed. It's not bad enough that many gambling sites ruin lives but they  probably don't even pay taxes or worse they don't have a license to run gambling business. More laws and regulations should be made to control the online gambling to make it safe and better.

Gambling sites are regulated quite well. The ones that act unethically or make bad decisions tend to go away very quickly. It is called the market and it works better than any regulatory framework ever could.

Licensing and taxation are pretty much one and the same. Casino owners are subject to tax liabilities in their home jurisdiction. It is their business whether they pay their taxes or not.