Obviously you should live by your own principles so. But you should not expect others to necessarily do likewise never mind be forced to by legislation.My own view - which is perhaps a little Spartan- is that people who handle client money should not gamble online, period.
Change the word gambling in the above quote to any of the following"Does the relatively mild pleasure given to many people by the widespread availability of gambling more than outweigh the relatively extreme distress which this availability brings to a small minority?
I must admit that I am not at all sure it does.
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Obviously you should live by your own principles so. But you should not expect others to necessarily do likewise never mind be forced to by legislation.
As I said above surely the issue is putting in place suitable restrictions on access to the clients' funds (e.g. escrow accounts etc. as suggested above) rather than necessarily circumscribing what activities the professional in question can engage in in his/her role as a private individual? Either way (also as pointed out above) additional regulation in such matters will presumably add to the cost of doing business and to the bottom line as invoiced to the client.I don't agree. If I give my hard earned money to an auctioneer, solicitor or other deposit-handling business, I don't think its unreasonable to expect the State to take measures to protect my funds. If this means prohibiting the deposit-handler from certain activities, so be it.
As I said above surely the issue is putting in place suitable restrictions on access to the clients' funds (e.g. escrow accounts etc. as suggested above) rather than necessarily circumscribing what activities the professional in question can engage in in his/her role as a private individual? Either way (also as pointed out above) additional regulation in such matters will presumably add to the cost of doing business and to the bottom line as invoiced to the client.
I would have assumed that additional regulation involved additional costs to the business to ensure compliance? After all that's what the likes of ISME and the SFA etc. are always telling us. Good to hear that this might not actually be the case though. Although Vanilla seems to disagree...I can't see how these restrictions add to the cost of my doing business.
What restrictions are in place to ensure that a solicitor treats client funds in an appropriate manner? Does the law society have rules or guidelines in place for this? Recent cases have shown that this is a real issue within the industry/profession.
I agree that non skill betting should be outlawed. Virtual Racing is a scam pure and simple, no skill involved and the outcome is decided by the bookmaker. It is no more skill than pulling the handle on a slot machine.Whilst I tend towards the libertine school I would have some sympathy if "non skill" betting was properly banned.
I agree that non skill betting should be outlawed. Virtual Racing is a scam pure and simple, no skill involved and the outcome is decided by the bookmaker. It is no more skill than pulling the handle on a slot machine.
Virtual racing can be rigged.
With soccer, horse racing, golf etc the bookie cannot influence the outcome.
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