Topic: ⚖️ Crypto Gambling Foundation ⚖️ - Fair Gambling For All - page 22. (Read 25361 times)

You have stats of how much Bitcoin you have illegally taken? 5 Years is exactly the time frame players can demand their losses back.

You have stats of how much Bitcoin you have illegally taken? 5 Years is exactly the time frame players can demand their losses back.


With a Costa Rica license you can not use google adwords and other advertising networks?

I never said that you pay for a fake license to trick players into trusting you.


It is easy to obtain because it is no juridical valid license! Should be easy to understand.


Game Protect has proof that your claim to operate under the 1668/JAZ license has no legal basis. It is explained here Curacao license scam 1668/JAZ, sub-licenses have no legal basis! and I already gave you the link.

Let me know which part you did not understand?

Have you seen the 1668/JAZ license you claim to operate under? Have you seen the sub-license contract?


I missed the fact, can you please quote it?

Neither do I fight with you nor did I say that you are now no longer legitimate because you picked a license.

I inform that you finance organized crime with 10000s Euro every year!

If I wanted to fight with you, I would offer a 100% cashback assistance for the past 5 years for primedice and stake.


No, you and all the other casinos finance organized crime that killed the politician leader Helmin Wiels in Curacao!

If the casinos would not pay for a fake license, the licensors would have no business, simple.


Game Protect will neither stop offering to Qualify cost free for our online gaming consumer protection service nor send you the hard proof that those sub-licenses have no legal basis.

The hard proof that those sub-licenses have no legal basis is worth $100,000s as I can offer a 100% cashback assistance for any of the 1000s casinos.

We can make it unlike easier: If you operate under the 1668/JAZ license, show us your authorization?


I am not able to understand what you are saying here as the Curacao licensed casinos operate worldwide?

Or did you say that the validity of a Curacao license rely on Curacao laws?


The part you missed is that the civil laws of the jurisdiction where a casino is incorporated always stand above the terms and conditions of the casino. Hence, if a part of the terms and conditions are not in accordance with the local civil laws, then they are simply not valid and a player could enforce his rights at the court.

And why exactly are you concerned with our expenses?

If its worth for us for marketing we can spend how much we want on it.

Doesn't change the fact why we got that license and how much we care about it. As much as we did not even post anywhere or promote it in any other way. Doesn't mean anything to us except for what we need it.

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.

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.

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).

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.

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.

can anyone reach https://cryptogambling.org

please let us know what happened to the site? will it back up?