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Regulating Play Money Social Gambling Web Sites: Is It Coming?



Should play money social media gambling be regulated like its real cash siblings? There are arguments for both sides. (Image source: Insidesocialgames.com)

For most gamblers, the thrill of the casino doesn’t really occur without one key function: cash. The risk that is potential of and thrill of winning money is what drives most gamblers to play at all. But even though that not just a single penny is at stake, online ‘social casinos’ are still incredibly popular. These games allow players to enjoy blackjack, poker, slots, and a host of other games on Facebook and other social news sites for no cost, and millions of players simply take part in and enjoy these games every day.

Cash Regarding the Dining Table, Or Otherwise Not?

But while the games may look like gambling and feel just like gambling, the proven fact that there is no money at stake on the outcome of each spin or roll associated with the dice ensures that they truly are not really gambling. And meaning that industry experts believe that there is no good reason behind real-money online gambling regulations to just take hold in their field.

‘a casino that is social no more gambling than FarmVille or Candy Crush,’ said Paul Thelen, CEO of social gaming business Big Fish. Thelen was talking at the GamesBeat 2013 conference as part of the panel on social gaming, and regulation was the topic that seemed to come up repeatedly.

‘The industry is getting i Read more