This is the second part of the thread I previously created on the
trading board, and I see some similarities that suggest it can be adapted to gambling, so I’m sharing it here. Do you think crypto trading regulations, similar to what Coinbase UK reportedly requires before allowing users to trade, should be adopted by online casinos? For instance before placing a bet users could be required to pass a knowledge assessment that includes questions such as:
- Users must acknowledge prominent risk warnings stating they could lose all their money
- Gamblers must declare themselves as "restricted gamblers" and confirm they won't invest more than 10% of their net assets in high-risk bets, requiring them to specify actual percentages of past and intended future bets.
- A mandatory knowledge assessment quiz that users must pass to start betting, with questions covering topics like betting, betting hours, bet risks, and regulatory requirements.
Cmon, we are fighting against KYC, casino says that they KYC you "some time later to allow you to start gambling faster" and you suggest to pass knowledge assessment. It can`t work the same time together.
The same time i passed such tests, they are primitive enough, so i don`t sure that it can stop some gamblers, who decided to lose money.
But i like your idea, if it can stop somebody from losing - it would be good for everyone, except casino.