Should play money social media gambling be managed like its real cash siblings? There are arguments for both edges. (Image source: Insidesocialgames.com)
The thrill of the casino doesn’t really exist without one key feature: money for most gamblers. The possible risk of losing and thrill of winning cash is what drives most gamblers to play at all. But despite the fact that not a penny that is single at stake, online ‘social casinos’ are still 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 just take component in and enjoy these games every day.
Money On the Table, Or Perhaps Not?
But while the games may look like gambling and feel like gambling, the proven fact that there is no cash at stake on the results of each spin or roll associated with dice implies that they truly are perhaps not really gambling. And meaning that industry experts feel that there’s no good reason for real-money online gambling regulations to simply take hold within 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 speaking during 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.