Pages:
Author

Topic: ⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All - page 20. (Read 24104 times)

hero member
Activity: 1344
Merit: 507
The curacao license is something that costs near $0 and the reason we obtained it is so we can use google adwords and other advertising networks that require a "license" not to trick players into trusting us.
Source: http://www.curacaowebhosting.com/2018/03/10/curacao-gambling-license/

Cost of a gambling license in Curacao

So you are looking for a cheap gambling license? Well look no futher! Curacao is possibly the most affordable gambling jurisdiction inorder to start a gambling business. However, the costs are a bit more than you would probably expect, here is why.
Gambling license requirements:

    Have a local e-zone company
    Licensing approval
    Own physical hardware on the island

As you can see, you don’t just apply for a license, you setup a company then apply for a license, then you must buy hardware (you can not use your $5 hosting accountin the US).

The following are cost estimates:
E-ZONE COSTS:

Setup and maintenance of an e-zone company are:

    EUR5500 – EUR6500 one-time Incorporation fee
    EUR3250 – EUR5250 annual management fee
    EUR500 – EUR1000 monthly administrtion costs

Your first year for corporate costs are going to be in the region of between: EUR14000 – EUR24,000
LICENSING COSTS:

Licensing fees for the online gaming (sub)license are:

    EUR4500 – EUR12000 (annual) license fee (costs vary between providers)
    EUR1000 – (one-time) application fee

Depending on the sub-license provider, you are in for between: EUR5500 – EUR13000 for your first year hosting fees.
HARDWARE COSTS:

You will require hardware on the island in order to satisfy the permanent establishment requirement (PE).

    Server cost: $1200 – $2500 (per server)
    Hosting costs: EUR6000 – EUR12000 / annum

A single server is not going to offer you redundancy, so you will likely want to buy at least three servers.

So as you can see, the real cost of a gambling license is a lot more than just the license application.

In reality, you will be spending at least EUR40,000 per annum in order to satisfy the legal requirements.

While this is a lot cheaper than most other jurisdictions, the costs do add up and they will become higher as online gambling becomes increasingly regulated.
hero member
Activity: 1344
Merit: 507
Quoted for the record:

Bud, I'd appreciate it if you stopped spamming this all over our threads. I'm only going to answer this once.

PD had been License free since 2013, and has taken more BTC betting volume than any Bitcoin gambling website that discloses stats with no issues. The curacao license is something that costs near $0 and the reason we obtained it is so we can use google adwords and other advertising networks that require a "license" not to trick players into trusting us. Curacao license is indeed one of the easiest ones to obtain because Malta, UK, and other jurisdictions require RNG testing and guess what, Provably fair is not "RNG" it's deterministic. As much as you think there is some major conspiracy behind the curacao licenses, all you have is a theory you don't have any actual proof. Regardless of this entire fact, I can't see why you'd try and pick a fight with us or insist that we are no longer legitimate now because we picked up a license. If you have a beef it should be with the licensors not the 1000s of casinos that have obtained this license for various reasons. This primarily feels like just a push towards self promotion for your own affiliation, if you want me to take your opinion seriously remove all the affiliate links from your website and PM me serious proof of your accusations against curacao egaming not just random circumstantial anecdotes.

The truth about gaming licenses is the legal basis of a gaming license pertains to that specific jurisdiction. If you have a UK license for example that allows you to operate in UK Only, this specific license does not mean much to us but we obtained it for the reasons mentioned. Anyone who trusts a gambling website because they are "licensed" is silly because when you sign up to a (traditional) online casino you agree to often iron-clad terms and conditions which legally give the casino the opportunity to mess you over.

member
Activity: 221
Merit: 13
Good idea!


Quote
The curacao license is something that costs near $0 and the reason we obtained it is so we can use google adwords and other advertising networks that require a "license" not to trick players into trusting us.

What's the site link and procedure to acquire one?
legendary
Activity: 3192
Merit: 1278
Primedice.com, Stake.com
This is very much a work-in-progress. We've been incredibly busy with happenings on our websites, our goal isn't to start some sort of monopoly we're really just a group of likeminded individuals who think traditional online casinos are scams and want to do things differently. I don't want this initiative to morph into a for-profit thing (askgamblers), finding a trustee would be difficult but I like the idea. Right now though if we were to do anything controversial it would only be do-able by vote of all the members but as things stand the CGF is here for educational purposes at this point in time and we (PD/stake) cover all expenses for videos/articles etc. We get a ton of emails from people who want to join and we've set the bar at 1+ year of solid operation & significant volume (top 20 crypto casino).
If you want to educate the community on your expenses, why do you not inform about the Curacao license scam 1668/JAZ, sub-licenses have no legal basis! you are financing with 10000s of Euro every year?

Bud, I'd appreciate it if you stopped spamming this all over our threads. I'm only going to answer this once.

PD had been License free since 2013, and has taken more BTC betting volume than any Bitcoin gambling website that discloses stats with no issues. The curacao license is something that costs near $0 and the reason we obtained it is so we can use google adwords and other advertising networks that require a "license" not to trick players into trusting us. Curacao license is indeed one of the easiest ones to obtain because Malta, UK, and other jurisdictions require RNG testing and guess what, Provably fair is not "RNG" it's deterministic. As much as you think there is some major conspiracy behind the curacao licenses, all you have is a theory you don't have any actual proof. Regardless of this entire fact, I can't see why you'd try and pick a fight with us or insist that we are no longer legitimate now because we picked up a license. If you have a beef it should be with the licensors not the 1000s of casinos that have obtained this license for various reasons. This primarily feels like just a push towards self promotion for your own affiliation, if you want me to take your opinion seriously remove all the affiliate links from your website and PM me serious proof of your accusations against curacao egaming not just random circumstantial anecdotes.

The truth about gaming licenses is the legal basis of a gaming license pertains to that specific jurisdiction. If you have a UK license for example that allows you to operate in UK Only, this specific license does not mean much to us but we obtained it for the reasons mentioned. Anyone who trusts a gambling website because they are "licensed" is silly because when you sign up to a (traditional) online casino you agree to often iron-clad terms and conditions which legally give the casino the opportunity to mess you over.
legendary
Activity: 1834
Merit: 1010
All Games incl Racer and Lottery game are Closed
The concept of the foundation and its efforts to legitimise and clean up the murky crypto-gambling world is to be applauded but how can a foundation that was founded and run by two leading provably fair casino's be considered to be impartial? A true foundation would have an impartial board of trustees who are transparent in their affiliations (and not two in-house people that vet companies based on their own values) as well as a trustee that independently represents the consumer. For all the best intentions in the world this is not how this such be approached. Perhaps if the founders could pass this on to more impartial individuals it would be better but atm this is basically a PR exercise for those casino's.

If they really wanted to push this further they would publish a white paper outlining what should be considered to be fair industry standards and liaise with the community and brands to establish this independently and transparently. This could then act as a Trustpilot type scheme for brands to sign up to.

That is a very valuable point, and something that I intend to work upon in the coming weeks. The crypto gambling foundation is actually my project and something I created, independent of the casino's it represents. (disclaimer: However I do work with community development for both Stake and Primedice, this project is separate to those operations.) I highly value the time you have taken to express your opinions and concerns, its great to have such valuable feedback.

I am a big advocate of real fairness and its potential in this industry. There is no financial gain being made by this project and hopefully when properly established we can look at building a board of trustees who can transparently evaluate the provably fair algorithms on all the online gambling sites.

This is very much a work-in-progress. We've been incredibly busy with happenings on our websites, our goal isn't to start some sort of monopoly we're really just a group of likeminded individuals who think traditional online casinos are scams and want to do things differently. I don't want this initiative to morph into a for-profit thing (askgamblers), finding a trustee would be difficult but I like the idea. Right now though if we were to do anything controversial it would only be do-able by vote of all the members but as things stand the CGF is here for educational purposes at this point in time and we (PD/stake) cover all expenses for videos/articles etc. We get a ton of emails from people who want to join and we've set the bar at 1+ year of solid operation & significant volume (top 20 crypto casino).

good to see that the Site is back up.

hero member
Activity: 1344
Merit: 507
This is very much a work-in-progress. We've been incredibly busy with happenings on our websites, our goal isn't to start some sort of monopoly we're really just a group of likeminded individuals who think traditional online casinos are scams and want to do things differently. I don't want this initiative to morph into a for-profit thing (askgamblers), finding a trustee would be difficult but I like the idea. Right now though if we were to do anything controversial it would only be do-able by vote of all the members but as things stand the CGF is here for educational purposes at this point in time and we (PD/stake) cover all expenses for videos/articles etc. We get a ton of emails from people who want to join and we've set the bar at 1+ year of solid operation & significant volume (top 20 crypto casino).
If you want to educate the community on your expenses, why do you not inform about the Curacao license scam 1668/JAZ, sub-licenses have no legal basis! you are financing with 10000s of Euro every year?
legendary
Activity: 3192
Merit: 1278
Primedice.com, Stake.com
The concept of the foundation and its efforts to legitimise and clean up the murky crypto-gambling world is to be applauded but how can a foundation that was founded and run by two leading provably fair casino's be considered to be impartial? A true foundation would have an impartial board of trustees who are transparent in their affiliations (and not two in-house people that vet companies based on their own values) as well as a trustee that independently represents the consumer. For all the best intentions in the world this is not how this such be approached. Perhaps if the founders could pass this on to more impartial individuals it would be better but atm this is basically a PR exercise for those casino's.

If they really wanted to push this further they would publish a white paper outlining what should be considered to be fair industry standards and liaise with the community and brands to establish this independently and transparently. This could then act as a Trustpilot type scheme for brands to sign up to.

That is a very valuable point, and something that I intend to work upon in the coming weeks. The crypto gambling foundation is actually my project and something I created, independent of the casino's it represents. (disclaimer: However I do work with community development for both Stake and Primedice, this project is separate to those operations.) I highly value the time you have taken to express your opinions and concerns, its great to have such valuable feedback.

I am a big advocate of real fairness and its potential in this industry. There is no financial gain being made by this project and hopefully when properly established we can look at building a board of trustees who can transparently evaluate the provably fair algorithms on all the online gambling sites.

This is very much a work-in-progress. We've been incredibly busy with happenings on our websites, our goal isn't to start some sort of monopoly we're really just a group of likeminded individuals who think traditional online casinos are scams and want to do things differently. I don't want this initiative to morph into a for-profit thing (askgamblers), finding a trustee would be difficult but I like the idea. Right now though if we were to do anything controversial it would only be do-able by vote of all the members but as things stand the CGF is here for educational purposes at this point in time and we (PD/stake) cover all expenses for videos/articles etc. We get a ton of emails from people who want to join and we've set the bar at 1+ year of solid operation & significant volume (top 20 crypto casino).
hero member
Activity: 1344
Merit: 507

Nope, dead af.

Btw, I never supported banning people, but game-protect is pushing me to change my beliefs  Cheesy
Beliefs sound familiar with the feedback section! Cheesy
legendary
Activity: 1834
Merit: 1010
All Games incl Racer and Lottery game are Closed
please let us know what happened to the site? will it back up?

I was getting 404 error a couple days ago, now I'm getting cloudflare serverside error.  So it seems someone's working on it.

thx for the input but I get cloudflare for a few days already. would be sad if this site is gone.
legendary
Activity: 2464
Merit: 2002
Join the world-leading crypto sportsbook NOW!
please let us know what happened to the site? will it back up?

I was getting 404 error a couple days ago, now I'm getting cloudflare serverside error.  So it seems someone's working on it.
legendary
Activity: 1834
Merit: 1010
All Games incl Racer and Lottery game are Closed
please let us know what happened to the site? will it back up?
legendary
Activity: 1834
Merit: 1010
All Games incl Racer and Lottery game are Closed
thx guys lets wait for the owners to tell us what happened.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor

Nope, dead af.

Btw, I never supported banning people, but game-protect is pushing me to change my beliefs  Cheesy
hero member
Activity: 756
Merit: 505

I couldn't as well. Probably this was brought about by the recent attack to primedice, maybe this domain was also affected. Let's probably wait for their announcement.
legendary
Activity: 1834
Merit: 1010
All Games incl Racer and Lottery game are Closed
legendary
Activity: 1932
Merit: 2270
but 100s of victims already trust Game Protect and submitted info and documents about their scam.
Oh boy, here we go again.
hero member
Activity: 1344
Merit: 507
Very good points and Game Protect could be the trustee that independently represents the consumer.
Trustee should be trustworthy though, so clearly it couldn't be Game-Protect.
You mean a publicly proven blatant liar like you would be trustworthy? As a blatant liar you probably missed that part, but 100s of victims already trust Game Protect and submitted info and documents about their scam.

There is anyway no way Game Protect will cooperate with a foundation that finance organized crime with fees for a Curacao eGaming fake license!

Crypto Gambling Foundation is misleading! It should be called Organized Crime Finance Foundation instead. Wink
legendary
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
Very good points and Game Protect could be the trustee that independently represents the consumer.
Trustee should be trustworthy though, so clearly it couldn't be Game-Protect.

That is true. Wouldn't be good if that is gameprotect.
Pif
member
Activity: 153
Merit: 18
Quote from: game-protect link=topic=2178857.msg31421434#msg31421434
Very good points and Krusty the Clown could be the trustee that independently represents the consumer.


Fixed the typo.
legendary
Activity: 2464
Merit: 2002
Join the world-leading crypto sportsbook NOW!
Very good points and Game Protect could be the trustee that independently represents the consumer.
Trustee should be trustworthy though, so clearly it couldn't be Game-Protect.
Pages:
Jump to: