Hello guys, as an attempt to protect new or old users on this forum , I think its mandatory for gambling sites to show proof of money they are holding in reserves .
for me actually it doesn't really matter (for me).
because a gambling platform site that already has a good reputation, there is no need to doubt how much reserve fund they keep.
maybe he is referring to the new sites , to broadcast their funds before starting a business .
they are truly good site specially those who we are playing but those new one? they are the one in question here.
maybe you can see from one of the gambling websites that are able to pay for every ad they display at any time and gambling parties are able to pay 1-2 BTC just to pay for advertisements. so there is no need to doubt how much reserve fund they have.
Ps : don't equate a gambling platform with an exchange like FTX
remember that there are also sites that spending even more than 1-2 bitcoin but a proven scammer.
Even old gambling sites with good reputation are at risk of bankruptcy if owners would be negligent with the casinos fund. If casinos would offer to show theirs with proofs then they are free to do som As other have mentioned, people are worried because of what happened recently. But I think casinos should not be mandated to do so. Those are confidential in the first place. If it is just assurance, casinos should more pushed a waiver or contract between house and players upon registration or after each deposit which will make it balance to both parties if ever something unexpected will happen to their money, depending who's at fault or such.