Why are people allowed to gamble easier than investing?

[jafo]

Any thoughts?

https://twitter.com/x/status/1787475104009478399

 

[0xDEADBEEF]

Because banks, governments and casinos can squeeze more out of broke people.

 

[wellington]

Thailand impossible to gamble, investing easy

Uk both easy

Us only gambling eas

 

[scooterguy]

Thailand impossible to gamble

You mean illegal, like prostitution.

 

[polonieth]

Only on games where the house has the edge. If he'd transferred $20k into a sportsbook and consistently beat the closing line, he'd also be facing KYC and a ton of nonsense before he could withdraw.

 

[linusAG]

Perhaps casino is easy to do AML/CTF?

 

[diatessaron]

One has a chance of making you rich, the other one will most definitely make you poor.

 

[mraleph]

Because banks, governments and casinos can squeeze more out of broke people.

Perhaps casino is easy to do AML/CTF?

Status quo. Majority of people are implicitly hindered or not allowed to create wealth.

 

[jafo]

Status quo. Majority of people are implicitly hindered or not allowed to create wealth.

100% this! This is lost on MOST people!

 

[wellington]

You mean illegal, like prostitution.

One of the most lucrative markets in the world to operate a digital gambling platform - also one of the most dangerous between state and criminals.

Unlike prostitution for operating a slap on the wrist opposed to the cheek, 10-50yrs

 

[scooterguy]

One of the most lucrative markets in the world to operate a digital gambling platform - also one of the most dangerous between state and criminals.

Unlike prostitution for operating a slap on the wrist opposed to the cheek, 10-50yrs

I agree.

However, do keep in mind that most digital gambling platforms targeting to Thais are not even located in Thailand. They are usually owned by obscure companies set up somewhere else. Probably not much the Thai government can do about them other than block the websites if they find them, but new ones of course keep popping up with different domains.

As for physical casinos, lots of underground gambling dens in Bangkok and other big cities. These probably have connections with the police through bribes.

 

[wellington]

I agree.

However, do keep in mind that most digital gambling platforms targeting to Thais are not even located in Thailand. They are usually owned by obscure companies set up somewhere else. Probably not much the Thai government can do about them other than block the websites if they find them, but new ones of course keep popping up with different domains.

As for physical casinos, lots of underground gambling dens in Bangkok and other big cities. These probably have connections with the police through bribes.

Think I commented elsewhere it’s amazing just how many digital gambling platforms operate in Thailand and the people operating them spending the proceeds in Thailand / not a week goes by without some multi billion dollar take down and seizure article being published.

For sure if done completely offshore in obscure fashion with numerous layers ultimately owned by five layers of trusts one could get away with it as long as they never step foot in Asia

 

[jafo]

I commented elsewhere it’s amazing just how many digital gambling platforms operate in Thailand

Does the Thai gamble that much?

 

[mraleph]

100% this! This is lost on MOST people!

Wealth has power across spectrum - political one as well. Combine wealth, intelligence, education and experience - an influence is a result and the freedom is a consequnce. Rulling class and its administration - government can't control it effectively so they impose taxes and other wealth control mechanisms beside curriculum and media ones.

Every OCG is de facto a government substitute organization. And the formal governments don't like competition.