Recently, the Shuzang platform ceased operations due to suspicions of gambling. But what are the consequences for ordinary players? Let's find out.
First of all: what is actually considered gambling?
Legally, it is simple: you put money/valuable items → the outcome depends on chance → a winner and a loser are determined. The key here is randomness. If the outcome is guaranteed or planned, then it is already fraud, not a game.
Which gameplay on NFT platforms is the most “suspicious”?
Blind boxes - you pay, but do not know what is inside before the purchase. This is typically random. Each purchase is essentially a lottery.
Collection Synthesis - you combine two NFTs, the result is unpredictable: it can be more valuable or worse. Again - a gamble on uncertainty.
Queen Battle is a popular gameplay for some time, where the outcome depends on chance. The lawyers of this firm have also recognized it as problematic.
But can an ordinary player be arrested?
Theoretically — no. According to the Criminal Code ( article 303), anyone who organizes gambling as a business (gathers crowds of people, this is their main job/income).
Whether you are at home in front of a monitor or phone — there is no “crowd gathering”. And if you have another main job, it is not considered a “regular offender” in the legal sense.
But attention: there may be administrative liability for violations of public safety legislation — fines, warnings, etc.
Conclusion for Players
Players without intentions to earn on the platform as a main business can participate without criminal risks — but keep track of the amounts and don’t make it your job. As the authors said: it’s like adding a chicken leg to the evening — it’s fine as long as you don’t overeat.
Key: understand the difference between leisure (you will not be arrested) and recommendation (it is still risky).
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
NFT collections and gambling: what players need to know?
Recently, the Shuzang platform ceased operations due to suspicions of gambling. But what are the consequences for ordinary players? Let's find out.
First of all: what is actually considered gambling?
Legally, it is simple: you put money/valuable items → the outcome depends on chance → a winner and a loser are determined. The key here is randomness. If the outcome is guaranteed or planned, then it is already fraud, not a game.
Which gameplay on NFT platforms is the most “suspicious”?
Blind boxes - you pay, but do not know what is inside before the purchase. This is typically random. Each purchase is essentially a lottery.
Collection Synthesis - you combine two NFTs, the result is unpredictable: it can be more valuable or worse. Again - a gamble on uncertainty.
Queen Battle is a popular gameplay for some time, where the outcome depends on chance. The lawyers of this firm have also recognized it as problematic.
But can an ordinary player be arrested?
Theoretically — no. According to the Criminal Code ( article 303), anyone who organizes gambling as a business (gathers crowds of people, this is their main job/income).
Whether you are at home in front of a monitor or phone — there is no “crowd gathering”. And if you have another main job, it is not considered a “regular offender” in the legal sense.
But attention: there may be administrative liability for violations of public safety legislation — fines, warnings, etc.
Conclusion for Players
Players without intentions to earn on the platform as a main business can participate without criminal risks — but keep track of the amounts and don’t make it your job. As the authors said: it’s like adding a chicken leg to the evening — it’s fine as long as you don’t overeat.
Key: understand the difference between leisure (you will not be arrested) and recommendation (it is still risky).