Governments, particularly in developing nations, are in a difficult situation because of this. They perceive gambling as having the potential to undermine their financial security. They are passing laws to outlaw gambling websites, fining people who use them and the sites themselves in the process. I assume it's a measure to safeguard their economy. However, when cryptocurrency-based gambling sites appear, the game completely changes. In this world, it is difficult for the government to identify the locations of these places. It's a tricky situation, isn't it?
What if these cryptocurrency-based gambling platforms are actually indirectly helping the economy? People are earning and spending more money, which is good for the economy. Isn't this a complicated situation? The government must thoroughly consider the advantages and disadvantages of this matter. Finding a medium ground is essential in this environment. What are your thoughts on this?
Governments definitely don't have a lot of advantages from allowing cryptocurrency gambling platforms to operate other than if they are regulated and are paying their taxes regularly which might be one reason for them to reconsider their decision if they think about banning the platforms completely. If we talk about land-based casinos, if gambling has been legal within the country since the beginning, they will need to change that law to shut them down.
I also don't agree that a casino can help an economy grow just because people might earn and spend more money from them since we all know that casinos are businesses and they are not built to provide people with a lot of profit every day that they can spend which might boost the economy.