Now, we may assume that a few losses on the platform would be enough to encourage these users from stopping the habit and moving on to more practical and safer investments, but, this is where psychologists digress. Study suggests that when people lose at gambling, it affects the ego and the desire to succeed increases with every transaction and that in turn, becomes a habit. A habit that becomes compulsive and then, with time, turns into addiction.
This addiction common affects the younger audience as the importance of money is yet to sink in, and the attitude is that the more they lose, the more they feel like gambling in an attempt to recover the lost money. The end result is that they lose even more and the spiral continues until they hit rock bottom.
It is very important that this addiction is nipped in the bud, as it can lead to not only irrecoverable financial losses, but harm to life as well. Game developers today are taking precautionary measures to allow only eligible people to indulge in games that involve an element of gambling, but a stronger regulation is required, in order to prevent exploitation of grey areas within the existing rules. If gambling is controlled with fool-proof rules and regulations, it can lead to a more responsible set of players who will not end up with this addiction.
