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Are Social Casinos Regulated and Should they Be?

If you think about it, the social casino has been around for quite a long time, even in today’s technologically advanced society. When internet cafes first appeared in the 1990s, patrons could pay a nominal charge to play these games on the facilities. Social casinos, on the other hand, have emerged as a new kind of social gambling.

If the phrase “social casino” is spoken, many individuals tend to lose their cool and start cursing. While internet gambling has evolved, many people still believe that social casinos are indeed a symbol of society’s and morality’s decline, even in this day and age of technology. Social casinos may be regulated in order to safeguard vulnerable users and optimize the advantages for all stakeholders, according to some.

The Rise in Social Casino Games

The popularity of social casino games is on the rise, especially among smartphone users. Because the goal of these games would be not to gamble or gain money, this could come as a shock to some. Many of these games, in reality, are only for entertainment’s sake. Although there is no actual money at stake, this has no detrimental effect on gameplay. The player demographic, on the other hand, is wide and is anticipated to widen in the future. 

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As a general rule, most gamers like the social aspects of gaming. When they play, they don’t worry about how much money they’re risking or whether or not they’ll win; instead, they just want to have fun. Most casino game players are more interested in playing than betting. Virtual currency is a nice perk, but it doesn’t appear to be the primary motivation for most players.

To generate money from social games, online gambling operators must use a different approach since players aren’t putting their own money on the line by playing the slots or placing bets at the card table in this kind of gaming. Social games make money by allowing users to customize their experiences. As an example, regular leader boards including challenges that allow players to win prizes and collect awards, in addition to more virtual cash and commodities that allow users to access desired features, give a reason to play.

Are social casinos gambling?

by Contributing Author

Social casino players don’t really play for real money, but instead, pay to have a better gaming experience. This is a critical distinction between online gambling versus social casinos. Therefore, social casino games are exempt from internet gambling laws.

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Operators make money by collecting a portion of the bets placed by their customers, and players may win cash prizes. Players may purchase chips to gamble with or pay for access to additional portions or stages of the game without earning real money from social casino operators. Providing chips to players while displaying adverts is the primary source of income for social casinos.

How do social casinos work?

With social media casino-style games, instead of placing a stake on a slot spin or playing blackjack, players have the alternative of buying credits, which allows them to play for longer or get more benefits. If you’re a fan of these free-to-play games, it’s easy to end yourself shelling out for extras before you realize it.  When it comes to free-to-play games, micro-transactions account for 92% of all money made on iOS and Android combined in 2013.

Using micro-transactions in social networks and digital gaming accomplishes two key objectives. As a result, the game operator may avoid any illegal gambling pitfalls since social media games do not come under the jurisdiction of internet gambling legislation. Operators were able to benefit from gamers who are unaware that they are gambling their money.

Because of the inherent time and feature restrictions in video games such as big fish games, players are compelled to spend a lot more money in order to have access to more rewards and prizes, yet they never gain any real money from their winnings.

Online gambling laws vary from nation to country, but the intriguing problem with social media gaming is that they aren’t regulated in any manner since they aren’t classified as casino games, unlike legalising sports betting. The social media games you play on someone’s tablet or a smartphone in today’s high-tech society are nothing more than harmless amusement to the untrained eye. Many campaigners, however, are pushing to establish rules on these leisure mobile games as more evidence about the relationship between social gaming with real-world gambling surfaces.

This is a natural desire for social game creators, thus they partnered to create The International Social Games Association (ISGA) to prevent any future laws from being put in place. The International Society of Game Administrations (ISGA) has published a list of basic principles to demonstrate to policymakers that their games are adhering to established standards.

For the time being, social media games are unregulated across the world. It is unclear whether these principles will be sufficient to maintain social casino enterprises out of regulation.

The implication of Widespread Social Gaming

Try to remember the last time you went 24 hours without checking Facebook, Instagram, Twitter, or any other social media platform. With so many of us having instant connections to the Web on our smartphones and tablets, social networking has become a part of our daily lives. As more and more software and game developers use social media sites like Facebook to sell their games, the number of new activities has risen dramatically.

Facebook game Zynga, the world’s most popular and successful social media game, is really losing money. For the vast majority of mobile players, social media casino gambling has been an experience that has included purchasing in-app credits with real money. In the future, only time would tell whether games such as these are regulated.

Even while social casino games might serve as a gateway to gambling, they may also have a positive aspect to them. Similar to e-cigarettes and non-alcoholic beverages, social casino games might be used as a replacement for actual money gambling such as daily fantasy sports betting since social casino games appear and experience like real cash gambling, much like e-cigarettes. 

Social casino games may be beneficial or detrimental depending on a person’s motivation for playing. Social casino games are used by problem gamblers to manage their desires for gambling rather than encouraging them to engage in more gambling, according to those who play these games.

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