Gamban now blocks crypto platforms as well. The goal is to help people who have a gambling addiction. Now Gamban can help people who suffer from crypto addiction as well. This means that a person must trade cryptocurrencies. He cannot stop and he is more likely to lose. These people are more prone to scams and massive losses.
Gamban details and specifics
Gamban was founded in 2015 and it is basically software. The mission of the software is to block access to gambling websites. It covers gambling and betting sites. A user will download and install software on any device he likes. This is compatible with Android, Windows, Mac, iOS, and more. Once installed, the user will not be able to access gambling websites. He won’t be able to gamble hence he will be protected from his addiction.,
Gamban is not free. It comes with a subscription per month or year. Although this may sound taboo to you, Gamban is affordable and it has been known as the most affordable option of them all. In 2018 GambleAware announced that this platform is the most affordable and the most effective. Gamban covers many websites of this kind and it is easy to use. It is popular among players who use NonGamStopSlots casinos not registered with GamStop scheme because it blocks the majority of them instantly and players do not have to ask operators to exclude them. There is no way to bypass the ban and you simply won’t be able to gamble.
Many people believe that Gamban bans only gambling sites. This is not true. Gamban has links with FanDuel and Pinnacle among many others. These are sports betting sites and they are added to the database as well. In other terms, you won’t be able to place bets at these sites.
Trading sites are added to the block list
In August 2021 Gamban added crypto trading, binary options, and also foreign exchange trading to the database. This simply means that a user who installs Gamban will not be able to access these websites. In other words, he won’t be able to trade virtual currencies and similar options.
Once you have blocked these platforms you won’t be able to bypass the ban. You will have to wait until the selected period of time ends and only then you can trade again. It is basically the same as blocking gambling sites.
Also read: Breaking Down the Odds: Tennis Betting Explained.
Why did this happen?
You need to understand why Gamban did this. According to their research, trading of this kind and gambling are more similar than we thought. The risk of losing is too high and some of the new trading platforms are extremely similar to gambling sites. As such, adding these to the database was an obvious choice to make.
You also need to know that there is a massive link between gambling and crypto addiction. These two are very similar and many gamblers will start trading due to cross-addiction. It simply means that a person will “cure” one addiction with another. This is not possible and it will even make the second addiction worse! All addictions are obviously bad and each one requires proper treatment that will help the addict overcome the problems and issues.
Crypto trading sounds like a great possibility. You can win millions. See that we used the word win? According to Gamban, this is a real word. There is no such thing as the safe trading of virtual currencies. You can lose all of your investments and there is no way to make sure this never happens. Due to the high volatility of cryptocurrencies, Gamban considers this the same thing as gambling. Some users don’t agree and we will explain this later on.
Volatility is the term used to explain the case when the value of something varies significantly., You should know that cryptocurrencies have massive volatility. They can change the value every single minute of a day! You also need to know that casino games have volatility as well. It is not as drastic as with trading of virtual currencies but it is still high.
What do gamblers/traders have to say?
Some players and gamblers agree with this block addiction. Many actually prefer it due to the fact they believe crypto trading is not secure and it is the same thing as gambling. Others think otherwise. Trading is not the same as gambling. The main reason for this claim is obvious. A trader can consider and do proper research. He can purchase cryptocurrencies that have the best odds of going up in value. As such the risk is minimal or significantly decreased. The problem here is that nobody can know for sure how much the value of the virtual currency will go up and down. You can’t predict when a slot will pay out jackpot either. Hence, you can see the link between these two things.
The final word
Basically trading virtual currencies and gambling have a lot of similarities. They are not the same thing but both have the same main potential and the same issue. A user can make a massive profit within minutes or he can lose the massive investment. Just don’t forget that gambling is a form of fun while treading is pure business.
