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 . Unless casinos converts all deposits to a stablecoin , excluding UST hahahah , from year to date most of them should be running on a loss as most utilized crypto coins are down by atleast 65% and that includes Bitcoin .
There will be more and more accusations created to existing and also new casinos.
Goodluck,Be safe and smart out there!!
There is always a calculated risk in any business, in business, it is not always one makes profit, just that when the business is bankrupt, it would be very difficult for them to pay workers so in that period many business owners sack workers to reduce the payout.
And allso showing proof of money (probably their profit) is an individual business (affair), not mandatory. The bear market affect all bitcoin so converting to stablecoin does not change anything, but only reduce the fear of losing further.