About Casino Licenses - page 5. | Bitcointalksearch.org

samcrypto

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Quote from: Streetknow on September 26, 2022, 07:22:11 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?

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.
License also depends on the location of the company, though some site still don't have a gambling license for a reason that they are decentralized platform, but as you can see successful gambling site today most of them have their own gambling license. Having a license can't guarantee a good site though, and you should not focus on this alone better to improve every department especially with the support and marketing side.

Invester

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1. It is possible to open an online casino without a license.
2. It is not legal to open an online casino without a license.

Depending on the location but there is always a big risk operating an online casino without a license. There are authorities that aren't so strict so you may take the risk. In case of a very strict government on money laundering and gambling, you will be in prison if you don't have enough money and connections. But why look for a headache when you can make business with legal papers?

fortunecrypto

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Quote from: Streetknow on September 26, 2022, 07:22:11 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 can open one there are casinos that opened without a license when they started out, and after getting initial success and they want to get those people who looked for casinos with a license they eventually get one, and you can lose the competition without a license, license carries trust on it, and players tend to trust casinos with all the legalities attached to it if a casino is operating legally he is able to sue if the rights of the casino are violated, you waived it if you don't have a license.

Taskford

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Quote from: Streetknow on September 26, 2022, 07:22:11 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?

In new era for sure you need a license before you can operate a casino, but if you insist to do this since you want to bypass the legal matters then for sure you will not pass to those gamblers who's meticulous upon selecting a casino and ask those casino a license so that they or majority of gamblers could trust them. This is normally happening especially here so go get a license first before trying to operate a casino here.

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Quote from: Streetknow on September 26, 2022, 07:22:11 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?

If it is just all about the possibility, it is a yes. But legally bound, there will be some problems you and your casino will face because that's what licenses are for.

It is true that having a license will make your customers confident.

But, I am sure that you do not want to have any legal problems as you operate. Since you have mentioned about the customers, they will really look for it.

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Casinos require a license, without a license the casino will not be able to operate legally. And the license ensures that the casino follows all the necessary regulations and provides a fair and safe gaming experience for its players.
and licensing also gives the casino a certain level of credibility, as it shows that the casino is willing to comply with the relevant authorities and is serious about its business. And besides that players are more likely to trust licensed casinos than those that don't, and this can generate more business for the casino.
and games at all reputable and licensed online casinos are safe, to ensure safety and security. And make sure you stay away from unlicensed casinos for your protection and to avoid any unwanted things.

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Quote from: Streetknow on September 26, 2022, 07:22:11 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?

There are many things attached to licensing a casino. Before any casino receives there license, the body responsible for such has to check their games if they are valid and they are not skewed to favour only the house, they also check if have are valid team so they don't run away with player's money and also cross check if they will require KYC and how they will take care of players documents in their custody.
Playing in a casino that is not licensed puts your money at risk because should in case they refuse to pay your withdrawals, you cannot sue them or do anything against them since they are not even registered in the first place, this is why a license gives players self-confidence with casinos.

Pierre 2

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As usual with all kinds of businesses you need a licence to operate it. You will be under laws of specific country you are basing in. North American countries have strict rules with I assume. Your website may be banned in some countries if you don't apply specific quotations they ask you. I mean for example Turks can play with many gambling websites using vpn here in my country. But all websites are deemed as illegal to operate here. So there you go.

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Quote from: Streetknow on September 26, 2022, 07:22:11 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?

Yes, it is possible, but surely there will be many people who doubt that your casino can be trusted and only by showing them what you can do will make them believe that your casino will not be a scam.
Not really, because as long as you can give your users trust and always emphasize that you will never cheat on them and show them your hard work, I think you can slowly gain their trust.
But once you gain their trust, you shouldn't betray them because they will leave you once you make them feel uncomfortable.
Opening a casino means trying to run a business where trust is the most important thing you can get from users.
I think they will play in your casino if you can get them.

mamesso

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To gain the trust of users, not only is a license required, the casino must also be able to maintain the trust of its users. The license is useful for the casino that you manage to become legal, and maintain user trust so that your casino is crowded with visitors. You can take the example of several casino sites on the forum, these sites can last so long because they have the full trust of all forum users, while 1xbit is banned on the forums because the site cannot provide comfort and security to the visitor's balance.

Wexnident

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Yes. You won't be able to operate in countries that require licenses though but other than that, pretty sure you should be able to freely open a casino. That is ignoring all the stuff about reputation and security and whatnot since a license is a kind of like a basic requirement (for most people) for casinos to be at the minimum trusted. Not all casinos without licenses are scams though, it just took time for said casinos to actually be trusted and have a good enough player base, so if you're prepared for that then you can go.

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legendary

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Quote from: Streetknow on September 26, 2022, 07:22:11 PM

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

It is possible. It is not legal if you intend to operate in most countries of the world.

Quote from: ?? on ??

It would be seen as a scam casino. Even it is a scam casino. If you want your casino to be legit and not a scam one, you need a licence for it.

Like freebitco.in you mean?

You have quite a few casinos without a license here:

Information of Crypto Casinos License and KYC requirements

That are not scams AFAIK.

Quote from: jackg on September 26, 2022, 07:28:25 PM

You need a license to legally serve gambling products to some jurisdictions like the UK and the US.

You don't need one if you open a casino in a territory that doesn't require you to have one (I think a lot do though) and serve countries that don't need you to be licensed there in order to operate. Just search if you need one for your country.

What you say is quite useful for the OP but you forgot to say one thing: in the UK and many other countries, especially in Europe, it is not enough to have a Curaçao license to operate in them. You need to acquire a country specific license:

Apply for a licence to operate a gambling business.

Quote

You need an operating licence from us if you want to provide gambling facilities to players in Great Britain (England, Wales and Scotland).

What many cryptocurrency casinos do is to take a license from a tax haven and then put in their TOS that they do not accept people from England, Wales and Scotland, and many other countries, when in reality they turn a blind eye.

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Quote from: Streetknow on September 26, 2022, 07:22:11 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?

If the technology is available, it is possible to create a simple decentralized gambling site very much to similar to simple Defi swap exchanges. However, similar to Defi exchanges, if it does not have a license then it will be considered to be subject to regulations by the government.

Confidence from users comes from trustworthiness of the company or service. I will use Defi exchanges as an example. Uniswap and Cakeswap are Defi exchanges that do not have licenses but they are very much trusted by much of the community.

Slow death

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Quote from: Streetknow on September 26, 2022, 07:22:11 PM

Hello,

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

you need to separate things:

The license is for the casino to be legal, because in every corner of the world they require a license for casinos to operate, just like Any business needs a license. Now it has to be clear that having a license does not mean that the casino is reliable and that it will not rob people, because we are talking about an online casino where there is no company headquarters and the owners can be anonymous, so the license is not this is about to punish casino scam, at least I have never seen the government of curacao say that it will punish casinos that steal people's money, of course in legal terms people can report to the police when they are robbed and the court will decide the next steps and the government withdraws the license of the casino scam if the court so orders

Quote from: Streetknow on September 26, 2022, 07:22:11 PM

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

as I explained above: license is to be legal, license does not guarantee that a casino will be reliable

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Quote from: jackg on September 26, 2022, 07:28:25 PM

You need a license to legally serve gambling products to some jurisdictions like the UK and the US.

Not only in UK or US, even in developing and underdeveloped countries, gambling sites needs licence to operate legally.

If a casino do not have a licence, it should be seen as illegal. Before a casino can be given licence, there are certain things that would be considered before giving the casino a licence which it qualified for. Any person can set up a gambling site without a licence, it is just a means scam can easily be done.

Quote from: jackg on September 26, 2022, 07:28:25 PM

You don't need one if you open a casino in a territory that doesn't require you to have one (I think a lot do though) and serve countries that don't need you to be licensed there in order to operate. Just search if you need one for your country.

People do not need one if they are in countries that banned gambling and the casino is operating illegally. It is still illegal. Or is there any country you know that has government and regulators that legalized gambling but did not make it mandatory for their casinos to get a licence before operating? If there is, such casinos should be avoided.

I know that not all sites are licenced though, which means some gambling sites may not also be licensed. But that is bad to use.

The first thing I checked about gambling site before I proceed to further investigate if it is worthy to be used is its licence.

bittraffic

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Quote from: jackg on September 26, 2022, 07:28:25 PM

You need a license to legally serve gambling products to some jurisdictions like the UK and the US.

You don't need one if you open a casino in a territory that doesn't require you to have one (I think a lot do though) and serve countries that don't need you to be licensed there in order to operate. Just search if you need one for your country.

But if your players are from other countries that are regulated, you will need to block these countries right?

By doing this, they will have limited patrons. Been meaning to ask also when you want to create a casino but have a low budget for it. It would need a lot of money. How will one acquire a license upon creating a casino without going to Curacao?

jackg

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You need a license to legally serve gambling products to some jurisdictions like the UK and the US.

You don't need one if you open a casino in a territory that doesn't require you to have one (I think a lot do though) and serve countries that don't need you to be licensed there in order to operate. Just search if you need one for your country.

Streetknow

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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?

Topic: About Casino Licenses - page 5. (Read 695 times)