Monthly Archives: February 2022

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For years, people around the world have been debating about the difference between investing and gambling. This debate is not specific to crypto, the same conversation has been facilitated by many about the other markets as well.

While the majority of market participants have made up their minds about investing being different from gambling, many questions have started to rise with the introduction of crypto investing.

There are several reasons why this conversation is so popular. First, is the high volatility of cryptocurrencies. These are assets the prices of which are moving at a very fast pace. At one point, a certain crypto asset can be skyrocketing, while in just a few hours it can drop.

Many believe that due to the nature of cryptocurrencies, investing in them is very much like gambling. However, it would be much better if market participants tried to view crypto investing from all different angles.

Lets say that there is a crypto investor who analyzes the price movements in the market in great detail. This trader follows a well-structured trading strategy, with a good risk management technique. In such a scenario, it would be very hard to call this process gambling. When there is a trader with a plan on what to do it is not gambling.

On the other hand, there might be another trader, who does not follow a specific strategy. Rather, he or she is simply speculating, without depending on any factual information. This is very similar to gambling.

So, it can be said that crypto investing can have nothing to do with gambling or be exactly the same as gambling. It all depends on the individual trading strategy adopted by the investor and the attitude that he or she has.

Whether you think investing is gambling or not, it should not be noted that cryptocurrencies have become a huge part of the gambling industry. But, what exactly makes cryptocurrencies a good asset for gambling?

The number one answer to this question is privacy. Cryptocurrencies are viewed to be a great payment solution for gamblers as these payments are almost impossible to be tracked. Offering such high privacy has made crypto assets a very important part of the online gambling industry.

There are numerous bitcoin trading casinos available in the market. These casinos offer gamblers the opportunity to make deposits in a fast and convenient manner. The number of bitcoin casinos has increased dramatically over the past few years, and anyone can easily find a BTC gambling site that allows customers to make deposits and withdrawals using digital coins.

These crypto gambling online casinos not only allow individuals to make deposits and withdrawals in digital assets but also gives them the opportunity to gamble using cryptocurrencies.

This shows how much the crypto market has grown over the past few years. It has managed to become a very important and useful part of the many industries around the world and gambling is only just a small part of this.

When investing in cryptocurrencies, it is quite easy to act according to your emotions. Things are moving at a very fast pace in the crypto market, and many traders tend to feel like they are missing out on major opportunities.

This can turn crypto investing activities into gambling. Feeling like the market is moving ahead with you can lead you to make a lot of decisions that you would not make otherwise. While it is true that some of these decisions can make you some profits, it is also true that they can lead to major losses.

FOMO, which stands for Fear of Missing Out, is associated with almost every single trading market. But in the case of the crypto industry, it tends to have the most impact. This is mostly true due to the nature of the crypto market and its high volatility.

So, when does crypto investing starts to become gambling? A simple answer to this question is that crypto investing becomes gambling when a trader decides to turn his or her back to the trading plan and choose a new direction only because they feel like doing so.

If you are a trader who has a well-formed trading plan, which comes with good risk management, it is hard to imagine a situation where you would have to change it up altogether. Making emotional decisions can have a huge impact on investors profits and turn investing into gambling.

The cryptocurrency trading market has become very popular over the past few years. People of all different backgrounds and interests are now starting to become part of the market, and every single one of them has a different idea on how they want to be making profits.

Some people want to make profits in the very short term, taking advantage of the small price movements of the crypto assets. On the other hand, there are investors who want to buy crypto assets and wait for the price to increase dramatically in order to make greater profits.

There are some traders who do very extensive research about the market, while others make decisions in a very fast manner. Some traders end up gambling on the possible price movements of crypto assets, while others make well-informed decisions.

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Investing In Cryptocurrencies vs Crypto Gambling Do They Have Anything In Common? - River Journal Staff

ELMIRA, NY (WETM) Months before online and mobile sports betting became legal New York State was already providing resources for those who may be addicted to gambling. With the growth of the industry comes the increase in risks.

The Finger Lakes problem gambling resource center provides help to those who are addicted to gambling in our area. With the recent addition of mobile sports betting they are teaming up with a local casino, Tioga Downs, to help those who might fall into debt.

Theres a lot of safeguards in place. I guess I shouldnt say safeguards. Theres a lot of resources that are available in case that becomes a factor, said Jim Weed, Director of Marketing, Tioga Downs Casino & Resort.

Officials with the gambling resource center want to make sure people have the information they need when it comes to betting your money.

We encourage people to limit their bets or how much money or time that theyre placing on those apps. You want to make sure that youre setting those limits for yourself, said Jenna Hotaling, Team leader, Finger Lakes Problem Gambling Resource Center.

The gambling solution center makes it easy for anyone to get the assistance they need at their fingertips.

You can give us a call. Youll get one of two program managers on-staff on the phone. Theyre going to work with you one on one and figure out what you need.

Other safety measures can be put into action through the casino such as voluntary self-exclusion.

If you or someone you know is struggling with gambling addiction contact the Finger Lakes Problem Gambling Resource Center.

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Sports Betting Safety in the Twin Tiers - WETM - MyTwinTiers.com

There's no doubt you've seen the many casinos that line the streets here in Billings, and it's highlighted a very serious problem issue of gambling addiction. I personally have seen people go through it and it never comes out good, but I wanted to know where Montana in general ranks in terms of the severity of gambling addiction. Bad news everyone, we rank as one of the top five worst states for it.

When someone is addicted to gambling, they aren't necessarily addicted to the games themselves, they're addicted to the rush of dopamine one gets when they win. So, if they lose, they'll usually keep going just to find that feeling once again.

This can absolutely ruin someone's life, however, because gambling costs money and soon the addict will find themselves out of money or in large amounts of debt. They may even resort to theft to get the money they need to keep going.

According to data from Wallethub.com, Montana ranks number 4 in the nation in gambling addiction, with only South Dakota, Mississippi, and Nevada above it. Information for their research was found using two statistics they call "gambling friendliness" and "gambling problem and treatment."

Gambling friendliness looks to be the accessibility and legality of gambling within that particular state, and gambling problem and treatment relate to the number of people with gambling disorders and the number of ways to treat those particular disorders. Montana's scores were #3 in gambling friendliness and #3 in gambling treatment, so it seems we have a lot of ways to access gambling, but we also have lots of ways to treat that issue.

If you or someone you know is suffering from a gambling problem, there is help.You can contact the National Problem Gambling Helpline at 1-800-522-4700for more information.

READ MORE: See 50 remote jobs that can pay well

Just saying the names of these towns immediately conjures up images of grand mansions, luxury cars, and ritzy restaurants. Read on to see which town in your home state took the title of the richest location and which place had the highest median income in the country. Who knowsyour hometown might even be on this list.

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Montana Ranks in the Top Five Gambling-Addicted States - newstalk955.com

Published On 23 February,202209:33 am

online gambling is played on different sports through different websites of billions of rupees daily

Mardan (Online) - In the country, nowadays, online gambling is played on different sports through different websites and it is a gambling of billions of rupees on a daily basis due to which the young generation is being destroyed.

The government should block these websites and save the future of youth. These views were expressed by social worker Farooq Khan while talking to the News.

He said that these websites are operated by Indian Mafia from Dubai, Malaysia and this mafia has agents in Pakistan and they give different percentages to these agents. He added that then Pakistani agents spread their wide network of agents at the local level and their victims became the younger generation.

Farooq Khan further said that gambling on cricket is on the rise in Pakistan at the moment which is played in two ways one online way in which the gambler downloads a software from different websites online and then he created his own ID and he generate a password of his ID and later on he give password on which gambling is started through this software.

He added that this software is called gambling board. He added that through this gambling board gambling is played on cricket and other games including horse riding, luduo, tennis, football and other games.

He added that there are several ways to deposit and receive money in this software. The money is sown through easy paisa or transfer through a bank account to the local agent. He added that the gambler keeps in touch with the agent by phone and if he puts money on a player or a team, the agent responds by saying "OK".

The word will say OK after the loss in case of win or lose the money is received or given by the agent and this is also the bank account or Easy paisa and cash by hand.

He added that the words used in this gamble are Pair this is called the sound when the match between the two teams is going to be equal or both the competing teams are equal on the clash and both have equal rates.

The other word is ate this voice is used for the team which is weaker than the opposing team in the match and if such a team wins then the one who claims to have earned money gets more money.

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Online gambling on the rise - Dunya News

A survey by the Australian Football League Fans Association (AFLFA) has revealed that a large number of AFL fans are unhappy with the prominence of gambling advertising during matches, with 37% of respondents listing it as a key concern.

The survey took place in late 2021. A total of 860 responses were recorded, with most participants being in the 55-64 years old age bracket.

Participants were asked a variety of questions regarding their experiences as AFL fans.

When asked what their key concerns were, 37% of participants chose gambling advertising. This was second only to umpiring and rule changes at 40.5%.

In choosing their top concern 11.6% chose gambling advertising, the third-most common concern behind game access being impacted by Covid-19 at 11.7% and umpiring and rule changes at 25.6%.

A number of participants called for the removal of gambling advertising altogether during games, suggesting that all gambling-related features and sponsorships be banned.

Others suggested that gambling advertising be reduced.

One comment under the kids and family portion of the survey suggested that gambling should no longer be normalised by the AFL for the sake of children.

Elsewhere, the blaring ads at the ground and the non-stop betting messaging was named as a common complaint in the the fan experience section of the survey. The noise of advertisements and music was named as a disruptive factor several times.

More than one in three fans worry about gambling ads, which was more than we expected, said Cheryl Critchley, president of the AFLFA. Many have told us that they dont like them and are concerned that they are normalising gambling for children.

Researchers aredemonstrating this,and the AFLFA supports the work of various state government initiatives and campaigns focused on countering the normalisation of gambling and sport.

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AFL survey: 37% of fans list gambling ads as key concern - iGaming Business

By COLLINS OMULO

Nairobi has launched a fresh assault on the multi-billion betting industry with legislative proposals that restrict gambling to five-star hotels with casinos and impose a four-year jail term or a Ksh10 million ($87,519) fine for opening outside of operating hours.

The Nairobi City County Betting, Lotteries and Gaming (Amendment) Bill, 2021, currently before the Nairobi County Assembly seeks to restrict the betting and gambling establishmentsin the city to operating between 8pmand 6am.

A man betting on European football games with a mobile phone at sports betting shop. PHOTO | FILE | NMG

If passed, it will mark a departure from the current situation where gamblers can place bets any time of the day.

South B ward representative Waithera Chege, the sponsor of the amendments, said the Bill is meant to have the youth engage in productive work and prevent gambling addiction.

All licensed betting, lotteries and gaming premises and online gaming shall only operate within the hours of 8pm and 6am. A person who contravenes this provision will be liable, upon conviction, to a fine of Ksh10 million or four years imprisonment, or both, said Ms Chege.

The Bill also seeks to push telecoms operators to cancel all the USSD codes used by radio stations in their gaming activities.

Gamblers follow their bets at a betting shop in Nairobi. FILE PHOTO | NMG

Ms Chege has raised concern about how Kenyans are spending a lot of their productive time on gambling.

A 2017 Geopoll survey ranked Kenya as the country with the highest number of youths engaging in gambling in sub-Saharan Africa.

The report estimated that 76 percent of Kenyans were taking part in betting, with a majority of them being youth aged between 17 and 35.

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Nairobi to restrict gambling to five-star hotel casinos - The East African

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ANJ, Frances unified gambling regulator, has revealed that over a third of teenagers aged 15-17 have played at least one form of gambling in the last 12 months.

Publishing its Minors and gambling: risky practices on the rise report, the regulator detailed that, from a survey of 5000 15-17-year-olds, 34.8% had gambled at least once during 2021.

Whilst the majority of those who admitted to gambling were male, the spread was across all socio-economic and cultural groups, indicating a widespread issue with regards to underage gambling in France.

Strikingly, the average age the teenagers admitted to first beginning to gamble was 13 years and three months, despite the legal gambling age being limited to 18.

Breaking down respondents by gambling vertical, 78.4% played scratch cards, which ANJ noted that minors begin gambling with. Meanwhile, 48.4% had played lottery draw games and 28.3% placed sports bets during 2021, with males most likely to do so.

With the regulator noting that around one in two participants (50.1%) gambling online, it was cited that minors did not view a sales ban in physical locations as a barrier.

ANJ detailed: Young people know very widely (73.4%) that the sale of gambling is prohibited to them, (but) they do not feel this prohibition of sale as an obstacle. In fact, more than half say that it is very or fairly easy for them to play scratch cards.

Respondents admitted that their gambling behaviour was facilitated by their parents, with 45.7% playing with their mother and 35.7% with their father. Furthermore, 23.6% of participants detailed that they gamble using their parents online account with their consent, despite 68.5% of participants stating that their parents do not remind them of the risks associated with gambling.

Advertising was also earmarked as a key contributing factor to young peoples gambling habits. Nearly 90% of participants recalled consuming any form of gambling advertising in the last 12 months. For a third of the participants (32.3%), advertising was a motivator for them to begin gambling.

Isabelle Falque-Pierrotin, President of the ANJ, commented: Gambling is infiltrating more and more into the daily life of minors, relayed by advertising and by certain complicity of parents.

Whether online or in the physical world, combating underage gambling is now a major public policy issue because, as we know, the earlier gambling begins, the greater the risk of addiction.

The ANJ is determined to mobilise all its tools to vigorously fight against these practices, including through sanctions. It is also necessary that all the actors concerned are mobilised, parents, operators, social networks and public authorities.

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ANJ: Over a Third of French Teens Exposed to Gambling in 2021 - European Gaming Industry News

XR Casino is a Metaverse-ready technology startup that has designed a solution to help casinos and sports betting companies compete in the prospering online gambling sector.

XR Casino is one of the first technology startups to specialize in cross-technology Extended Reality (XR) gaming, gambling solutions, and XR game development for the iGaming and sports betting industries. To create incomparable gaming experiences and value-added services, the company uses AI, blockchain, Augmented Reality, Mixed Reality and Virtual Reality technology.

XR Casino allows traditional brick-and-mortar gaming companies, online casinos and sports betting organizations to reach new customers and expand their operations to extended reality platforms through its SaaS solutions.

Users of any XR technology or equipment will be able to play with each other on the startup's unique cross-technology platform, independent of the equipment they are using. Players can choose from single and multiplayer games, private game rooms and public game rooms where they can gamble on their favorite games like blackjack, roulette, slot machines and even sports betting for a personalized experience.

The company also intends to use blockchain and AI extensively to address issues plaguing the iGaming and sports betting businesses, such as cybersecurity concerns, lack of transparency and player attrition.

See also: XR Casino Offering Review

XR Casino is raising up to $1.07 million through its offering on StartEngine, allowing retail investors to get a piece of equity in this early-stage company.

The global market for online gambling is expected to grow by almost 80% over the next three years to over $150 billion. This means any company in the casino and sports betting industry will likely need to adopt technologies like XR Casinos platform if they want to stay relevant.

The company plans to license its technology to existing casinos and sports betting companies as well as generate other revenue streams through its B2C segment as a free-to-play social casino. This segment of the business will generate revenue through the sale of NFTs, in-game casino chips, ads and subscription fees.

XR Casino is developing its own native coin to allow cryptocurrency staking to reward player loyalty and community building through proof-of-stake mining and augmented reality coin drops in real-world locations similar to how Pokemon Go works.

The startup can also enter the metaverse thanks to the blockchain technology it uses. In the near future, XR Casino plans to sell one-of-a-kind NFTs as skin designs for blackjack tables, roulette tables, slot machines, decks of cards, casino chips, in-game avatar apparel and wearables, and other holographic and virtual assets.

XR Casino recently announced that BOTS, Inc. (OTC:BTZI) became the company's first strategic corporate investor. BOTS is launching a Las Vegas-themed Metaverse, Vegas.mv that will feature XR Casino games and services.

While XR Casino has already raised over $100,000 on StartEngine, investors can still buy equity in the form of common shares with a minimum investment of $149.80.

View XR Casino offering details on StartEngine

Photo: Courtesy of XR Casino

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This Startup May Be The Future Of Online Gambling And Retail Investors Can Get A Piece Of The Action - Be - Benzinga

Welcome to another episode of the NASCAR Gambling Podcast on the Sports Gambling Podcast Network! Every Rod Villagomez and Cody Zeeb bring their love of NASCAR and their love of sports betting to you to help you set your bets for the weekend of NASCAR action. From the Camping World Truck Series to the Xfinity Series, to the Cup Series, Rod and Cody have you covered.

This week, we recap the action-packed Daytona 500 then look ahead to the Wise Power 400 and give you some of our favorite bets. Is Austin Cindric for real, or was he in the right place at the right time to win the Daytona 500? After two years away, what can drivers expect from the Auto Club Speedway in their new cars? Can Alex Bowman overcome his disaster day in sunny Florida and repeat in sunny Southern California? Well answer these questions and more on this weeks episode.

Be sure to subscribe to the NASCAR Gambling Podcast on the SGPN App, and on Apple Podcasts or Spotify. Find Rod (@rjvillagomez) and Cody (@Husker_Zeeb) on Twitter.

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Wise Power 400 Preview and Best Bets I NASCAR Gambling Podcast (Ep.5) - The Sports Gambling Podcast