Our lawmakers are debating whether to promulgate a law banning online gambling, as the present administration is concerned that the more than $700 million in revenues will be lost in taxes.
So, to prevent the government from losing huge revenues, the Central Bank has come out with these measures.
Do you think these guidelines are enough to mitigate gambling addiction?
Strict KYC verification can reduce the interest of gamblers in gambling. Because not everyone wants to disclose the issue of gambling. Again, if a tax is levied on gambling in that country, then in that case, many people may reduce their attitude to gamble by following a proper guideline and doing KYC verification. And then they will look for various types of online KYC free sites where a gambler can gamble completely hidden. And if such a trend increases, the government will lose track of the gamblers in its country. Because many people use VPN for more protection on anonymous casino sites and at that time the government will not be able to trace it. Then even if the level of gambling is found to be low in the study, the unofficial amount will not be less. Therefore, creating pressure on gamblers may not always be positive.