ï»¿Regulating Play Money Social Gambling Web Sites: Could It Be Coming?
Should play money media that are social be regulated like its real money siblings? You can find arguments for both sides. (Image source: Insidesocialgames.com)
The thrill of the casino doesn’t really exist without one key feature: money for most gamblers. The risk that is potential of and thrill of winning cash is what drives most gamblers to play at all. But even though that not really a single penny is at stake, online ‘social casinos’ remain incredibly popular. These games allow players to savor blackjack, poker, slots, and a host of other games on Facebook along with other media that are social for no cost, and millions of players simply take part in and enjoy these games every day.
Money On the Dining Table, Or Not?
But while the games may look like gambling and feel just like gambling, the known proven fact that there is no money at stake on the results of each spin or roll associated with dice means that they truly are perhaps not really gambling. And this means that industry experts believe that there is no basis for real-money online gambling regulations to take hold in their field.
‘A social casino is no more gambling than FarmVille or Candy Crush,’ said Paul Thelen, CEO of social gaming business Big Fish. Thelen was speaking at the GamesBeat 2013 conference as an ingredient of a panel on social video gaming, and regulation was the topic that seemed to come up repeatedly.
‘The industry is g Læs resten