Post
Topic
Board Gambling discussion
Re: Will you still gamble?
by
Lida93
on 26/08/2024, 05:46:07 UTC
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 sites or casinos especially enjoys some house edge which to a large extend influences the outcome of games which in the part of exchanges I am not sure there's anything like a house edge. So invariably the gambling site house edge advantage make-up for the charge fees they don't charge customers as exchanges do.

Secondly, my best guess is that gambling to the authority is not seen as a professional career venture that VAT should be taken from gamblers bets just as it's been done in exchanges with the view that trading is an occupation.