Can casino websites become Ponzi schemes?

[Julio88]

While it is possible for any type of website to be used as part of a Ponzi scheme or other fraudulent investment operation, it is not accurate to assume that all casino websites are inherently Ponzi schemes. Casino websites, just like any other online business, can be operated legitimately or illegitimately. It is important to do thorough research on any online investment or gambling opportunity before investing any money or sharing personal information. Checking for proper licenses, reading online reviews, and consulting regulatory bodies are some ways to help determine if a website is legitimate. It is also important to be wary of promises of high returns with little or no risk, as these are often the hallmarks of Ponzi schemes and other fraudulent investment scams.

 

[swift]

I don't think such could happen if it's a legalized and regulated casino platform , the casino platform already have enough as source to get more money from just Incase they need money , they could source from banks and others

 

[Julio88]

I don't think such could happen if it's a legalized and regulated casino platform , the casino platform already have enough as source to get more money from just Incase they need money , they could source from banks and others

You are absolutely right. It is the ones which are not legalized which pose the most threat of being fraudulent platforms making away with people's money without leaving a trace behind, to be quite honest.

 

[swift]

someone needs to be really careful about investing in them , because without knowing the person might just go and invest in a scam casino platform , someone must be really careful about the casino platform he or she is signing up on

 

[Julio88]

someone needs to be really careful about investing in them , because without knowing the person might just go and invest in a scam casino platform , someone must be really careful about the casino platform he or she is signing up on

This is quite a clever assertion. Research needs to be done in order for gamblers not to be deceived by these gambling platforms which are not legitimate, to be quite honest with you.