Should play money social media gambling be managed like its real cash siblings? There are arguments for both edges. (Image supply: Insidesocialgames.com)
For many gamblers, the excitement of the casino doesn’t really exist without one key feature: cash. The possible risk of losing and thrill of winning cash is what drives most gamblers to play at all. But even though that not a solitary 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 as well as other media that are social for no cost, and millions of players take part in and enjoy these games every day.
Money Regarding the Dining Table, Or Perhaps Not?
But while the games may look like gambling and feel just like gambling, the fact that there is no cash at stake on the outcome of each spin or roll regarding the dice means they’re maybe not really gambling. And meaning that industry experts believe that there isn’t any basis for real-money online gambling regulations to take hold inside their field.
‘a casino that is social no more gambling than FarmVille or Candy Crush,’ said Paul Thelen, CEO of social gaming company Big Fish. Thelen was talking at the GamesBeat 2013 conference as an ingredient of the panel on social video gaming, and regulation was the topic that seemed to come up again and again.
‘The industry is getting its act together