Subscribe for Updates

Read Endeavour Magazine

Coffee Break

Destructive Issues Facing The Gambling Industry Today

picture1

Pixabay Image Link

There is no doubt that the gambling industry will be around for many more years. It will probably outlive us all because if there’s one thing people can’t resist it’s the possibility of making money fast. That’s what makes gambling so attractive. It’s not the thrill or rush of betting it all on black. It’s the possibility that you could win millions by doing…what exactly? Very little would be the answer to that question. Once you place your bet, you can sit back and see if fate is on your side. But despite this there are undeniably still issues facing the betting industry today.

Pressure Groups

As long as there has been gambling, there have been pressure groups fighting against it. Some say gambling destroys lives with impossible levels of debt. Others argue that animals shouldn’t be used it all and have a major problem with horse and dog racing. It seems that every year these voices get stronger in their fight against what they believe is unjust. However, despite the actions of pressure groups they have thankfully made very little ground. There is very little chance that animal right’s activists will put an end to horse racing saturday. The thrill of the chase always wins out in the end. There was a time when people believed that gambling would never be legal online. But that quickly changed and now virtually anyone can place a bet from their cell phone. Though admittedly there are still restrictions.

Restrictive Regional Laws

You might think that you can place any bet you like on your phone. However, this is only true if you live in a state or region where gambling is legal. There are places all over the world where gambling is still illegal. If you try to download a betting app, you’ll find they are nowhere on an app store. This is because these apps are often region locked. If you have location settings on your phone, you won’t be able to access them. Even if you could, it could be illegal to place any bets. Though, whether or not you would be prosecuted is another matter entirely. Thankfully, there are always lobbyists for pro gambling institutions working hard to get more freedom.

Diluting Of The Industry

Now that gambling is an online forum, there are very real concerns with scams and cons. You may think that when you place a bet online, you will always get the money that you win. This isn’t always the case. There are plenty of websites online designed to take money from unsuspecting pundits. This damages the reputation of the gambling industry as a whole and leaves betters vulnerable.

Security

picture2Pixabay Location Image

Last but not least, gambling organisations certainly need to pay more attention to security. Not a day goes by without word of another scam leaving people with their accounts drained. In gambling, people might be betting big amounts of cash. If these bets are going to be protected, financial digital security needs to be at the highest level available.

That said despite challenges like this, there is no doubt that the gambling industry will weather the storm.

picture3Pic Source

 

 

About the author

Endeavour News

Endeavour Magazine (www.littlegatepublishing.com) is dedicated to bringing you relevant, up-to-date news every day that will keep you abreast with the current developments in the industries that interest you.