Is Cryptocurrency Trading A Form Of Gambling?
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New research shows that more than half of the nation view cryptocurrency trading as a form of gambling.
Half of gamblers consider stock trading a form of gambling. Grall-Bronnec et al (2017) found that addictive-like trading behaviour can be a subset of a gambling disorder. More than 50% of regular gambers have traded cryptocurrencies in the previous year.
Gamban is conducting research on whether different types of trading are considered gambling. The company wants to take appropriate steps to protect its users from activities that resemble gambling and provide recommendations on reducing gambling harm.
Online trading, including cryptocurrency trading has grown significantly. Jack Symons believes some forms of trading may be closely linked with gambling harm. Gamban will restrict access to platforms that offer more volatile forms. Gamban works with the self-exclusion scheme GAMSTOP and the leading treatment provider GamCare to give those experiencing harm from gambling access.
