About Casino Licenses - page 4. | Bitcointalksearch.org

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

You must needed lisance to do a Legal business . if you haven’t any lisance for your casino platform then no one will Trust your site and no one will invest on your site. tell me one thing yourself How can people trust you or your company without a legal license? Would you trust such a company yourself?

YOSHIE

legendary

Activity: 2128

Merit: 1775

The main thing is that you must know and understand the purpose of the License itself in online gambling casinos.

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?

If you already understand the meaning of an online gambling license, as I quoted above, it is meaningful.
Opening a casino is legal or illegal, does not lie in the license, legal tends to prioritize the rules of opening a gambling site in the area you want to develop a casino, the purpose of the license as stated in the quote above.

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

I have heard that a license only allows to put users in confidence
What do you think about this?

this is the main point of the License, but gambling certainly has risks, a casino that has a license is not a guarantee, you will not have problems in the future.

For that, in my opinion a licensed or legal casino, not a guarantee, but the type of gambling site that has a good reputation and is responsible, that's the best.

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: arimamib on September 27, 2022, 11:09:18 AM

Reputation needs to be built, License is needed for the continuation of the casino in the future. Casinos that do not hold a License can be considered illegal when the government tightens the rules on casinos.
Casino visitors prefer licensed casinos because they are more trusted, many casinos that do not have licenses have to deal with the government to change their status from illegal to legal.

To be honest, I do not pay much attention to whether the casino has a license to provide gambling services as I'm not in the habit of keeping money in the casino account and at any time may proceed to another as slots are almost everywhere. For me, far more important is the duration of the casino, the absence of negative reviews and quality games. The license is necessary first and foremost for the casino owners so let them worry about it.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: rhomelmabini on September 27, 2022, 11:12:23 AM

Quote from: madnessteat on September 27, 2022, 09:52:18 AM

Quote from: rhomelmabini on September 27, 2022, 09:26:12 AM

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Yes. I don't think it only concerns the users here at all but to be honest it's the owners as well. The owner will surely know that they operate legally and saying it just gives confidence to the users are just the secondary effect. For me, if you're in a country that license is a must then abide by it and if in a jurisdiction that doesn't allows it, you may not get one but having a license will surely gives you an edge to your competitors.

You can host an online casino server in a country whose jurisdiction does not prohibit or license gambling and work without any licenses. Currently, the license is not a guarantee that the casino will not be fraudulent and vice versa. So the first thing to do is to check the reputation of the casino and not to deposit money that you are afraid to lose.

Whether or not to make a license when opening a casino is a personal matter.

It is, and we've seen casinos that has licenses but they haven't made it on the long term meanwhile there are casinos as well that doesn't have licenses before yet manage to be reputable and get a license thereafter. I wonder if dApps casino are licensed casinos that falls with same ruling as the traditional one.

Like the Bitvest and 777 that has no license. These are the casino I use to play with Keno but I didn't know they didn't have license up to this day.
They were trusted because they have been operating for a long time and have been conducting the longest running signature campaign in the forum. The reputation though dwindled when lightlord started to be inactive.

The Keyword I think is run a signature campaign in the forum, even if your casino is not license, you have the chance of success.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Quote from: madnessteat on September 27, 2022, 09:52:18 AM

Quote from: rhomelmabini on September 27, 2022, 09:26:12 AM

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Yes. I don't think it only concerns the users here at all but to be honest it's the owners as well. The owner will surely know that they operate legally and saying it just gives confidence to the users are just the secondary effect. For me, if you're in a country that license is a must then abide by it and if in a jurisdiction that doesn't allows it, you may not get one but having a license will surely gives you an edge to your competitors.

You can host an online casino server in a country whose jurisdiction does not prohibit or license gambling and work without any licenses. Currently, the license is not a guarantee that the casino will not be fraudulent and vice versa. So the first thing to do is to check the reputation of the casino and not to deposit money that you are afraid to lose.

Whether or not to make a license when opening a casino is a personal matter.

It is, and we've seen casinos that has licenses but they haven't made it on the long term meanwhile there are casinos as well that doesn't have licenses before yet manage to be reputable and get a license thereafter. I wonder if dApps casino are licensed casinos that falls with same ruling as the traditional one.

arimamib

hero member

Activity: 1792

Merit: 574

Leading Crypto Sports Betting & Casino Platform

Reputation needs to be built, License is needed for the continuation of the casino in the future. Casinos that do not hold a License can be considered illegal when the government tightens the rules on casinos.
Casino visitors prefer licensed casinos because they are more trusted, many casinos that do not have licenses have to deal with the government to change their status from illegal to legal.

Rruchi man

legendary

Activity: 1414

Merit: 1104

Bitcoin Casino Est. 2013

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?

It is not good to think this way or even consider it. If you plan on running any sort of business without licensing or documentation it is a clear indication that you do not have long-term goals or plans for that business. And for a business like a casino, to run it without considering licensing will mean that you may not have many users on your platform as people tend to check the credibility of casino's which also involve if a casino is licensed or not before using it. An unlicensed casino can send the message that the people behind it have dubious characters and may not be willing to make a large payout if someone wins huge there.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?
You can open a casino without a license but the standard on what players are looking for a casino is its license
I have heard that a license only allows to put users in confidence
What do you think about this?

You can open a casino without a license but the standard on what players are looking for in a casino is its license, online gambling is a very competitive market and you are out of gamblers' radar if you do not have it, players look on casinos that are regulated so if they have a complaint they have authority over the casino that they can turn too.
It's part of serious business to have a license, look around you where money is involved they have a license to show you.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Having a license for a casino can give its members confidence when they play at that casino. And that's why many casinos are licensed today and have many members. But having a license is not a guarantee that the casino won't commit fraud or become a place for illegal activity because no one knows about it. But everything will return to how the casino can convince its users to keep playing at that place, even if the casino has a license or not. But indeed, some users feel comfortable and safe if they play at a licensed casino.

Wapfika

hero member

Activity: 1288

Merit: 564

Bitcoin makes the world go 🔃

Quote from: Daltonik on September 27, 2022, 10:05:43 AM

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

By obtaining a license, an online casino operator actually indicates the legitimacy of its work on the Internet. Also, everything concerning the claims of players to the casino's operation, they can turn to the regulator, which has the right to make a decision binding on all parties to the conflict, without a license, this is not possible.

In theory this is true but in reality regulators is very to contact by normal players if they a legit concern about the said casino that has license. License company just gave casino a license to operate on all the country that accepts the license. They are also ensuring that the casino software is fair but they are not directly handling all the complaints of all the users and serves as protection because they are just giving casino a way to operate legally in different country.

There’s a separate body that deals with casino concern such as askgambler and other group that specializes on handling casino complaints.

Solosanz

hero member

Activity: 952

Merit: 662

Yeah you're allowed to open an online casino without license, but when the government is more strict and demand the whole casino must be licensed, this will make casino without license is an illegal casino, but currently there's no such rules.

Correct, most users here want licensed casino because they think they wouldn't scam, but at the same time they're don't like mandatory KYC rules lol. This is just funny because licensed casino will always have mandatory KYC rule, while unlicensed casino they don't really need to have KYC rule since it's depends on the CEO.

Daltonik

legendary

Activity: 2590

Merit: 1501

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

By obtaining a license, an online casino operator actually indicates the legitimacy of its work on the Internet. Also, everything concerning the claims of players to the casino's operation, they can turn to the regulator, which has the right to make a decision binding on all parties to the conflict, without a license, this is not possible.

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: rhomelmabini on September 27, 2022, 09:26:12 AM

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Yes. I don't think it only concerns the users here at all but to be honest it's the owners as well. The owner will surely know that they operate legally and saying it just gives confidence to the users are just the secondary effect. For me, if you're in a country that license is a must then abide by it and if in a jurisdiction that doesn't allows it, you may not get one but having a license will surely gives you an edge to your competitors.

You can host an online casino server in a country whose jurisdiction does not prohibit or license gambling and work without any licenses. Currently, the license is not a guarantee that the casino will not be fraudulent and vice versa. So the first thing to do is to check the reputation of the casino and not to deposit money that you are afraid to lose.

Whether or not to make a license when opening a casino is a personal matter.

Pmalek

legendary

Activity: 2730

Merit: 7065

A Curacao gaming license is the most popular choice among crypto casinos. But it's not essential to have a license in order to operate these types of gambling platforms. Bitvest, for example, has been around since 2015/16 and they don't have a license. 777Coin is another example of an unlicensed bitcoin casino. Whether or not you should trust unlicensed sites is a different story.

Since I mentioned Bitvest, they have operated an honest casino for many years. No idea how everything works now when lightlord isn't around that much.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Yes. I don't think it only concerns the users here at all but to be honest it's the owners as well. The owner will surely know that they operate legally and saying it just gives confidence to the users are just the secondary effect. For me, if you're in a country that license is a must then abide by it and if in a jurisdiction that doesn't allows it, you may not get one but having a license will surely gives you an edge to your competitors.

seoincorporation

legendary

Activity: 3290

Merit: 3092

Quote from: robelneo on September 27, 2022, 07:17:43 AM

Yes you can but you are limited to what you can do, what you can attain and it will not reach the goal that you want to achieve in your casino, having a license gives your casino legitimacy in the industry

That's fun because in the past what makes a casino legit was their probably fair engine. The fact that users can verify each bet and that way trust the site. But nowadays is a joke, just look at those fancy slots where people loss all the time with the bonus buys without being able to be sure if their shots was legit, but since the casino has a license then we have to trust in them that the rolls are legit.

Feels like giving a back step in the evolution, but is the way it is.

robelneo

legendary

Activity: 3346

Merit: 1214

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Is it possible and legal to open an online casino without a license?

Yes you can but you are limited to what you can do, what you can attain and it will not reach the goal that you want to achieve in your casino, having a license gives your casino legitimacy in the industry, there are countries that asked for casinos to operate within their jurisdiction to have a license, and you cannot cover a lot od territories

Quote

I have heard that a license only allows to put users in confidence
What do you think about this?

Although reputation is a big factor, still license is what will give the casino a legal basis for its existence, casinos without licenses are looked down on because no authority has jurisdiction over them and in case there is a complaint, there is no authority to contact to take action on user's behalf.

ultrloa

legendary

Activity: 2758

Merit: 1228

License is not an assurance for a casino not to scam people since even if they have license still they are prone to do this action. But for having peace of mind to legit casino operators regarding on upcoming inquiries regarding to this matter its better to acquire license because there are several users who ask this and look at this as a basis for them to trust the casino.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Streetknow on September 26, 2022, 08:22:11 PM

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Yeah, part of it I will say is that if you have a license, most likely you are not going to scam and run away with the gamblers money so it is very important. So it's a protection for us gamblers, you just have to ask yourself, are you willing to gamble on a fly by night casinos?

Even in offline casinos, were here are lot of under ground gambling, you can play but what if the casino raided that? So you are not protected, similar to any services like crypto exchanges, they need to get a license before than can operate and service traders all over the world.

_act_

legendary

Activity: 994

Merit: 1267

Lightning network is good with small amount of BTC

It is not good to go for unlicensed casino because they may misuse your KYC, they may not be qualified enough to pay the amount you win. But there are unlicensed casinos.

I see unlicensed casinos not to be legal because if the risks their customers are exposed to. A licensed casino would have been checked to have ability to operate a casino, but which unlicensed casino may not have.

Quote from: samcrypto on September 27, 2022, 05:54:26 AM

License can be a good advantage for other casinos, this only means that you are operating legally and serious about providing quality service and platform for the gamblers.

But people should know that a licensed casino may not have good reputation. After checking a casino to be licensed, it is good to also go for trustworthy ones among them.

Topic: About Casino Licenses - page 4. (Read 669 times)