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They've banned crypto, but actual gambling is more popular and more heavily advertised then ever
by bluescrn 4y ago
They've banned crypto, but actual gambling is more popular and more heavily advertised then ever
- dazc 4y agoThis may be true but some banks also do a lot to prevent it, such as a need to specifically request betting transactions to be allowed on your account. I also think that people losing money from betting actually know what they are getting into though. The same can not be said for some other transactions.
- bluescrn 4y agoThere's also all the 'near-gambling' of F2P games with gacha/lootbox systems, which has none of the regulation of 'real gambling'
- gambiting 4y agoGambling is a lot more regulated though. And it doesn't have the tendency to say "hey bet all of your life savings with us, you can't lose!" like crypto does.
- jakupovic 4y agoI logged into a gambling site and saw that you could make $5000 individual BlackJack bets. $5k a bet is a lot of money and gone in a second. This is not well regulated and needs help. With crypto you at least have some sh*tcoin left, with online casinos nothing.
- throwaway290 4y agoDoes the cryptocurrency industry also allow banning yourself from betting on it (and respect this ban by ensuring you don't create multiple accounts)? That's just one of the controls in place in gambling industry.
- bluescrn 4y agoIs speculating on crypto anywhere near as addictive as fast-paced casino-style gambling? And people don't tend to ban themselves from gambling sites until after they've made big losses. It'd be the same for crypto.
- deleted 4y ago[deleted]