Post
Topic
Board Gambling discussion
Re: Trading has become too much akin to gambling. Let's embrace it
by
Huppercase
on 09/12/2024, 17:04:35 UTC
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Anyway, I think more casinos should follow the path of what Rollbit has been doing with its virtual futures and offer gambling services based on the BTC price. There could be several advantages. No KYC, no regulatory restrictions as imposed on traditional markers, unlimited leverage... You name it.
Maybe even there could be some algorithmic memecoin releases. Maybe you're one of the lucky ones that get 10x or one of the unlucky ones that get rugged.

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

The same way you see Binance been force to close some users account from a particular jurisdiction, is the same way the government can attack any gambling casino that involves trading features on their platforms. As long as KYC is mandatory for such activities, they have to follow regulations and laws of the country that licensed them, anything other than that means they have violate the rules and regulations of that country and they can be sue the way CZ was arrested for allowing money laundering in Binance.

Trading might be a lucrative business but there is more to just starting it, anyone can just launch their casino and do what they like but you can't do the same when it comes to trading, people can bring money to any casino and waste such money but no government overlook how funds are been sent in and out of any trading exchange, if will spark more reactions and fear if a casino you trust is been accused of money laundering. However, if the casino is ready to abide by the strick rules, it's a good initiative.