Quote from: Die_empty on Today at 05:07:05 AM

Quote from: Odusko on August 12, 2024, 01:20:13 PM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Gambling platforms and exchanges don't offer the same service. In gambling, you are betting to win more from the house. While exchanges assist you in converting your funds to different currencies and facilitate trading. Casinos don't take charges because they will benefit from your engagement if you lose. And they make profits from the losses gamblers incur. Exchanges don't make any profit from the money you want to convert or trade, therefore to keep the business running, they have to charge transaction fees. Licencing and KYC are not a valid reason why casinos should operate just like exchanges. Both of these requirements are designed to fulfil regulatory laws and protect clients as well as the organisation.

The certainty to which the casino have that you will generate them profits is so high because in whatever or whichever way you decide to play in any casino you will just find out that the casino always have the greater odds so why then will they charge you but although there are some local casino over in my place that I know of that do extra little transaction fee for maybe any withdrawal to your account outside the casino but on a general not it's the exchanges that charge to atleast grow the business.