Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

Must checkout:

❓ASK What role do governments play in regulating gambling?

M

Mar20

Guest
Governments play an important role in regulating gambling and protecting the public from its harmful effects. Some of the key responsibilities of governments in regulating gambling include:
  1. Licensing: Governments often issue licenses to gambling operators, which allow them to legally offer gambling products and services. This licensing process helps to ensure that gambling operators meet certain standards and requirements, such as responsible gambling policies and adequate consumer protection measures.
  2. Taxation: Governments also tax gambling operations, generating revenue that can be used for public goods and services.
  3. Protecting consumers: Governments have a responsibility to protect consumers from the harmful effects of gambling, including problem gambling and financial harm. This may involve setting standards for responsible gambling practices, providing consumer protection measures, and supporting programs to help those who are struggling with gambling addiction.
  4. Preventing crime: Governments also have a responsibility to prevent crime associated with gambling, such as money laundering, fraud, and theft. This may involve implementing anti-money laundering measures, conducting investigations and enforcement activities, and working with other law enforcement agencies to detect and prevent criminal activity.
  5. Monitoring and enforcing regulations: Governments also monitor and enforce regulations that apply to gambling operators, including licensing requirements, consumer protection measures, and anti-money laundering measures.
Overall, governments play a critical role in regulating gambling and ensuring that it is conducted in a responsible and safe manner. This can help to minimize the harmful effects of gambling and protect the public from its negative consequences.
 
some government knows they could generate more revenues from gambling ,so they actually put up more taxes and others on gambling sites ,it would actually stand as an avenue for them to now get more revenues
 
They do this because they do know that once you make up enough money you should be paying taxes they just have big bellies that they want to fill in and this is the reason they are in it actually not for people indeed.
 
Government regulates gambling in such a way that there are processes that gambling users need to follow for them to carry out the activities. Also you need to pay some entitlement for government like tax.
 
The government name is only good for collecting the taxes and you can never be out of the equation if you are making money from an activity you will ultimately come at their radar and then you will have to pay taxes too indeed actually .
 
My government only allow gambling to the torrists from the different world and only in one city and it is not allowed for the citizen , but even with all governments who panned the gambling but the truth is no country can panned it over the internet .
 
Do you mean only foreign national can play in your country and you guys not ? I think this is not a policy that you would see and have in many countries around the world most of them either allow it fully or ban it completely off to protect people .
 
I can understand most of the points you listed, but in reality most of these so called government really do not care about protection of does who are into gambling. They are simply after what they would gain personally
 
The government name is only good for collecting the taxes and you can never be out of the equation if you are making money from an activity you will ultimately come at their radar and then you will have to pay taxes too indeed actually .
based on my observation , they are very much interested in the tax before anything else , they places taxes on the gambling site as a means of gaining revenue and others , that's what many are doing
 
Yes that's right it is completely banned here along with crypto that is still used by the people but laws regarding both have been settled weakly so people still get over the law and making use of both things as they like and want .
 
Well in that case yeah but you know the governments in most of the countries are greedy and they just want to make money and move forward while not taking care of their people which should be done by them in the first place actually .
It's not as if they are greedy, they just have to make revenues and I don't blame them. Betting companies record a lot of profits from people's losses, they have to do their own part by paying tax.
 
That's right but the governments should care for the future of the people in the first place and rather collecting tax from the companies they should have limited access to such sort of activities for the people indeed actually .
 
That's right but the governments should care for the future of the people in the first place and rather collecting tax from the companies they should have limited access to such sort of activities for the people indeed actually .
In my country the gambling platforms are very regulated, and even more they are quite criminalized and generally do not treat them very well even with the high taxes they charge, in addition the bookmakers and private casinos can only be advertised from 12 to 6 in the morning, while the bets of the state can be advertised whenever they want and above they encourage them as if it were something different from the other, they really are demagogues
 
That's just taking advantage of the people in our country our government does not do like this they are still better even though we dont have many payment system and companies here but they still care for their people indeed .
 
That's just taking advantage of the people in our country our government does not do like this they are still better even though we dont have many payment system and companies here but they still care for their people indeed .
I understand, at least they worry that their population does not fall into gambling addiction, here they do not care as long as they pay the necessary taxes and above they belittle any private entity related to gambling, they really are inept, but hey, government-run public entities is the best there is, it is insulting
 
based on my observation , they are very much interested in the tax before anything else , they places taxes on the gambling site as a means of gaining revenue and others , that's what many are doing
Yeah most governments are so interested in gaining revenue through taxing gambling sites. They know that bookmakers earn so well and so they will earn good amounts of tax money from them. That is why most sport betting sites have not been banned.
 
Yeah most governments are so interested in gaining revenue through taxing gambling sites. They know that bookmakers earn so well and so they will earn good amounts of tax money from them. That is why most sport betting sites have not been banned.
Yes it have not been banned since the government considers it as an opportunity to actually earn , because if was not considered an very sure that it would have been banned , but I think for now it's still coexisting
 
If gambling is allowed in a country, then the government is interested in it. Since this type of activity usually pays more taxes than any other. And the requirements for running this kind of business are usually different from all the others.
 
If gambling is allowed in a country, then the government is interested in it. Since this type of activity usually pays more taxes than any other. And the requirements for running this kind of business are usually different from all the others.
Very true , I feel since the government actually benefits from gambling in the first place ,they would do everything possible to actually make more gains off it , they would see it as a great investment
 
Very true , I feel since the government actually benefits from gambling in the first place ,they would do everything possible to actually make more gains off it , they would see it as a great investment
There is a very high income tax, if true, all profits are documented. Therefore, the government gives permission for such a type of commercial activity. The main thing is that the law is respected, the rest is not paid attention to.
 
Government have very important role to play when it comes to gambling. The should age limit that can play gambling. Though I have been seeing some sport betting shop that has age limitation and government should also set a body check mate indiscipline act in the betting shop
 

📢 Recommended Partners

Paykassma - Accept Payments Online  | Payment Processing since 2019 Payka$$ma
Leading solution for accepting high-risk payments since 2019
5.00 star(s) 2 ratings
Updated
MGID - Native Performance & Programmatic Advertising Platform MGID Team
5.00 star(s) 1 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
3.00 star(s) 2 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
5.00 star(s) 1 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 4: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.