Should play money social media gambling be regulated like its real cash siblings? You can find arguments for both sides. (Image source: Insidesocialgames.com)
For most gamblers, the excitement of the casino doesn't really exist without one key feature: money. The potential risk of losing and thrill of winning money is what drives most gamblers to play at all. But even though that not a penny that is single 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 as well as other media that are social for no cost, and millions of players take component in and enjoy these games every day.
Money Regarding the Dining Table, Or Not?
But while the games may look like gambling and feel gambling, the known fact that there's no money at stake on the results of each spin or roll regarding the dice means that they're perhaps not really gambling. And meaning that industry experts believe that there is no good reason behind real-money online gambling regulations to simply take hold within their field.
'A social casino is no more gambling than FarmVille or Candy Crush,' said Paul Thelen, CEO of social gaming business Big Fish. Thelen was speaking during 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 its act t