Post
Topic
Board Gambling discussion
Re: Concerns grow over online gambling among teens
by
cabron
on 10/07/2024, 20:16:51 UTC

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But unfortunately most of these young people I believe they access illegal casinos because illegal casinos do not have certain restrictions to filter their services, I think some large and recognized casinos already have rules such as KYC is one form of filtering their consumers who are still underage are not allowed to gamble.

Rather than illegal, I would call those casinos to be "unregistered", instead. Because calling them illegal would imply they are operating in a jurisdiction in which gambling is not within the law or there is a lack of gambling authority in the country.
Also, those unregistered casinos which do not ask for KYC from their gamblers eventually become big enough to catch the attention of authorities, either they start to comply with regulators or they website and social media would get seized and unable to access to by the owners. That is what typically happens when a service becomes big enough but chooses not to comply with regulations, anyways.
I don’t know how best to say this but personally I think any casino that doesn’t work under the required jurisdiction of a particular country of operation isn’t wrong to be tagged illegal that’s just another way to say unregistered but I think using the word “illegal” might seem too harsh I guess🥱
I agree with you @Hispo that as the casino grows, the government starts coming after it and that’s because the government already knows that’s you already gotten a lot fan and customers and might be difficult for you to want to leave and as such you wouldn’t be left with no other option but to bargain with the government and we’ve seen things like this happen to companies and even exchanges of recent in my country were already victims of this.


As long as kids can play and are not required to submit KYC, they will continue playing on such platform. It won't matter what label you use for them, when kids can play on it, they will stay there. especially when these kids learn they can use cryptocurrency, it will be freedom to do a lot more.

So there are still decentralized exchanges and casinos that don't ask KYC these days. It can be a double-edged sword for these casinos can turn scams and they couldn't file a lawsuit.  More problematic scenes in the end, kids get addicted to gambling and at the same time scammed by scam casinos.