Curacao license scam | Bitcointalksearch.org

gadado

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Quote from: notblox1 on April 20, 2021, 02:56:58 PM

This game-protect website is work of a manipulating scammer who is banned from bitcointalk forum, so don't trust anything you read there and just ignore it.
Curacao license is better than no license and many solid betting websites like Sportsbet, Stake and Betnomi have it.

That's right I think curacao license is pretty standard. It's better than who don't have license at all. Sportsbet, stake, betnomi are known sports betting website here in the forum who has a curacao license also Bitsler and fortunejack have a curacao license too. Still depends on which website you are playing but having a curacao license gives me and probably other users confidence that the website we are playing are safe.

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Quote from: Kittygalore on June 02, 2021, 01:25:48 AM

Quote from: smyslov on May 30, 2021, 05:02:34 AM

License is good but reputation and good reviews are much better, the first thing I want to know on a new gambling site is their reputation and if there are no complaints or scam reports, this is for me the first sign if the site is worth playing, some gambling sites are faking their license and they can still scam you even if they have a legitimate license.

But if you put it in a second priority, that means that even if it's illegal as long as people are talking about it in a good term then you will play there? What if it plans to do an exit scam and that they are just letting a good show, I think license should be a priority too. Also, you can always find telltale signs if a gambling site is going to scam their customers.

From the previous replies, it looks as if a license is not going to prevent the scams in a big way. The screening system in Curaçao is not prefect and it doesn't prevent scamsters from getting a license. Curaçao authorities either doesn't have the resources to verify the information, or they are not interested in doing that. As user smyslov posted, a legitimate license from Curaçao doesn't guarantee that the promoters won't scam the clients. Better to limit our gambling activity to trusted and reputed sites.

michellee

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Quote from: Kittygalore on June 02, 2021, 03:03:17 AM

Quote from: michellee on June 02, 2021, 02:54:39 AM

Quote from: Kittygalore on June 02, 2021, 01:25:48 AM

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If that gambling site is new but already has good reviews, maybe that is normal if that site does not have a license because they will try to get the license. They will prove to their members that the gambling site is legal because reputations really mean for them.

But if that is an old gambling site but do not have a license and has many good reviews, we still need to be careful because we do not know what will happen later. If you are too afraid of getting scam by the unlicensed gambling site, you do not have to try to play on that site, even if that site has many good reviews.

Shouldn't you get your license first before opening your business? I don't think that online gambling or any online businesses for that matter is going to be exempted from that thing. If there is a reason to be afraid then you should probably not play on it because your gut is telling you that something isn't right.

It is better to have a license before opening the business, but we already see that sometimes, a new gambling site does not have a license and they invite a beta-tester to test and check their site. And as time goes, they will think about having a license, and they will register their site to get a license. That is what the gambling site owner will do if he really cares about his business in the gambling. Yes, it will better trust our feeling if we are not sure about the gambling site and search for the other sites.

paxmao

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As usual, a good strategy is to go to the usual well known outlets. Also, those who advertise on this forum have a good incentive to be honest and fair as there is a possibility of opening a reputation thread, which does not happen with other on-line casinos. A platform that has signatures campaigns for example will be shut down if a number o people start complaining and also the managers and participants are staking their reputation in a way, so at least you got something more than a "licence from curacao" to trust.

Kittygalore

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Quote from: michellee on June 02, 2021, 02:54:39 AM

Quote from: Kittygalore on June 02, 2021, 01:25:48 AM

~

If that gambling site is new but already has good reviews, maybe that is normal if that site does not have a license because they will try to get the license. They will prove to their members that the gambling site is legal because reputations really mean for them.

But if that is an old gambling site but do not have a license and has many good reviews, we still need to be careful because we do not know what will happen later. If you are too afraid of getting scam by the unlicensed gambling site, you do not have to try to play on that site, even if that site has many good reviews.

Shouldn't you get your license first before opening your business? I don't think that online gambling or any online businesses for that matter is going to be exempted from that thing. If there is a reason to be afraid then you should probably not play on it because your gut is telling you that something isn't right.

michellee

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Quote from: Kittygalore on June 02, 2021, 01:25:48 AM

Quote from: smyslov on May 30, 2021, 05:02:34 AM

License is good but reputation and good reviews are much better, the first thing I want to know on a new gambling site is their reputation and if there are no complaints or scam reports, this is for me the first sign if the site is worth playing, some gambling sites are faking their license and they can still scam you even if they have a legitimate license.

But if you put it in a second priority, that means that even if it's illegal as long as people are talking about it in a good term then you will play there? What if it plans to do an exit scam and that they are just letting a good show, I think license should be a priority too. Also, you can always find telltale signs if a gambling site is going to scam their customers.

If that gambling site is new but already has good reviews, maybe that is normal if that site does not have a license because they will try to get the license. They will prove to their members that the gambling site is legal because reputations really mean for them.

But if that is an old gambling site but do not have a license and has many good reviews, we still need to be careful because we do not know what will happen later. If you are too afraid of getting scam by the unlicensed gambling site, you do not have to try to play on that site, even if that site has many good reviews.

Kittygalore

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Quote from: smyslov on May 30, 2021, 05:02:34 AM

License is good but reputation and good reviews are much better, the first thing I want to know on a new gambling site is their reputation and if there are no complaints or scam reports, this is for me the first sign if the site is worth playing, some gambling sites are faking their license and they can still scam you even if they have a legitimate license.

But if you put it in a second priority, that means that even if it's illegal as long as people are talking about it in a good term then you will play there? What if it plans to do an exit scam and that they are just letting a good show, I think license should be a priority too. Also, you can always find telltale signs if a gambling site is going to scam their customers.

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Quote from: Sithara007 on June 01, 2021, 10:45:27 PM

If the perpetrators move to a different country, then I don't expect a small island nation such as Curaçao to have the diplomatic influence to force the extradition. And in all probability, the Curaçao authorities don't care. The victims belong to various foreign nations, and as long as the locals are not conned, the authorities will remain cold to the investigation. The only precaution we can take is to limit our participation to gambling sites that have a good reputation. Don't get fooled by generous promotional offers from shady sites.

Did a bit of research and it seems like any dispute about the user and the casino is outside the jurisdiction of Curacao. It's not that it's ignored, but rather it's just straight up outside of their decision making, they just give you a license and talk about the money, but that's it.

Quote

However, if you face an issue with a casino that is a Curacao licensee, you cannot expect the gambling regulator to take a stance on the matter. You will have to resolve the situation on your own and get in touch with the casino management. If your attempts turn fruitless, you can submit the case to the Curacao Licensing Board. You also have to present the communication you had with casino’s officials and explain the reason why you think you have been unfairly treated.

You even have to go straight up to the higher-ups just to talk about it, kind of a pain in the ass so might as well just go for other casinos tbh. Plus, I don't think local authorities would even care, even if their citizens are scammed. The license only operates on countries that allows gambling and most scams are pretty much the own of ones self. Ofc, if it were to grow into a big case, then that's a different issue.

Sithara007

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Quote from: Botnake on June 01, 2021, 07:58:16 AM

Do we have some crypto casinos already that were punish due to scamming?

How reliable this Curacao license? are they really due diligence before granting a license to the casino applicants?
That's the question that needs to be answered, because if they do their job and there are casinos punish for scamming, then they are reliable.

If the perpetrators move to a different country, then I don't expect a small island nation such as Curaçao to have the diplomatic influence to force the extradition. And in all probability, the Curaçao authorities don't care. The victims belong to various foreign nations, and as long as the locals are not conned, the authorities will remain cold to the investigation. The only precaution we can take is to limit our participation to gambling sites that have a good reputation. Don't get fooled by generous promotional offers from shady sites.

Obito

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Quote from: YuginKadoya on May 31, 2021, 01:11:07 PM

All gambling sites can be a scam if the owner of that certain site don't want to continue anymore he can surely disappear without any trace but if that certain gambling site is regulated and the owner is well known then authorities can sure help a certain individual who was scam by that gambling site,

This is not particularly new in my opinion certain license scam will still be a possibility even today and I think that the license standard in Curacao is certainly weak meaning almost any gambling sites and establishment can get a license and the drawback on this would be the establishment of well-known or reputable gambling establishment and site's will have a bad reputation and people would certainly have trust issues.

If a gambling site quits with a process, it isn't a scam, that's preposterous to all gambling sites that are legitimate and that they are one step from becoming a scam website just because they discontinued their services. Obviously it is isn't new, this has been used by swindlers to trick would be businessman into buying the fake license without the hassle of paperwork.

Botnake

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Quote from: Fortify on May 31, 2021, 03:40:21 PM

Quote from: webdream on April 20, 2021, 11:38:46 AM

Hello friends,

I'm shocked Shocked

about the number of crypto casinos using the same gaming license from Curacao! Please take a look at this post: https://game-protect.com/curacao-license-scam/

They are scam or not? Can we play safe and withdrawal our winnings or not?

What do you think about?

One of the main reasons for any institution to go for a license like this is so they can hide behind the anonymity it gives them while pretending to look official. It's explicitly flaunted to people who think that a gaming license from any location requires the company to be vetted and certified, except only the bare minimum is done and it is primarily seen as an easy income stream for the Curacao government. There have been many dodgy companies over the years who abuse this and it does little to give gamblers any protection which you might expect. Quite simply the regulator is already overwhelmed by complaints, it has few resources to investigate them all properly and rarely takes any action against operators - most of which are located far from this country which has little power to shut them down either.

Do we have some crypto casinos already that were punish due to scamming?

How reliable this Curacao license? are they really due diligence before granting a license to the casino applicants?
That's the question that needs to be answered, because if they do their job and there are casinos punish for scamming, then they are reliable.

Fortify

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Quote from: webdream on April 20, 2021, 11:38:46 AM

Hello friends,

I'm shocked Shocked

about the number of crypto casinos using the same gaming license from Curacao! Please take a look at this post: https://game-protect.com/curacao-license-scam/

They are scam or not? Can we play safe and withdrawal our winnings or not?

What do you think about?

One of the main reasons for any institution to go for a license like this is so they can hide behind the anonymity it gives them while pretending to look official. It's explicitly flaunted to people who think that a gaming license from any location requires the company to be vetted and certified, except only the bare minimum is done and it is primarily seen as an easy income stream for the Curacao government. There have been many dodgy companies over the years who abuse this and it does little to give gamblers any protection which you might expect. Quite simply the regulator is already overwhelmed by complaints, it has few resources to investigate them all properly and rarely takes any action against operators - most of which are located far from this country which has little power to shut them down either.

YuginKadoya

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All gambling sites can be a scam if the owner of that certain site don't want to continue anymore he can surely disappear without any trace but if that certain gambling site is regulated and the owner is well known then authorities can sure help a certain individual who was scam by that gambling site,

This is not particularly new in my opinion certain license scam will still be a possibility even today and I think that the license standard in Curacao is certainly weak meaning almost any gambling sites and establishment can get a license and the drawback on this would be the establishment of well-known or reputable gambling establishment and site's will have a bad reputation and people would certainly have trust issues.

Vishnu.Reang

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Quote from: Eureka_07 on May 30, 2021, 07:59:07 AM

Yep. However your funds on that casino is still not guaranteed to be safe and away from being scammed even though they have their licensed. But IMO, it is still better to play on those casino that has liscense. There are casinos though, that do not have liscense but are doing better than those that has them. They are those that will thrive and get trust from the community. They will soon get their liscense as they are just starting.

I agree with this. From my limited knowledge of the subject, I would say that licensed casinos may be more safer, when compared to those without a license. But still, it is easy for these people to steal money and then escape to some island nation which will not extradite them to the country where they committed the crime. For example, India is still trying to get criminals such as Vijay Mallya and Mehul Choksey extradited, with hardly any success for many years now. US has muscle power and force these small nations to extradite the suspects they need. But that may not be the case with other countries.

aysg76

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Quote from: smyslov on May 30, 2021, 05:02:34 AM

License is good but reputation and good reviews are much better, the first thing I want to know on a new gambling site is their reputation and if there are no complaints or scam reports, this is for me the first sign if the site is worth playing, some gambling sites are faking their license and they can still scam you even if they have a legitimate license.

Requirements of license by the casinos is just a basic step for running your centralized casino to ensure the safety of funds user has deposited on the casino.You need to pay fees for license which is not a big issue but you also comes under supervision of regulatory authority which is main highlight of this.But still many casino with license have fooled people.You need to have a proper check of your own because funds are yours not someone's else so be on safe side at first basis and read all the reviews.The new casino in the market needs some time to build reputation which can be through promotional activities, providing bonuses and easy deposit and withdrawal facility along with 2FA and have trust of players.

boyptc

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Quote from: Wexnident on May 30, 2021, 05:44:29 AM

Quote from: boyptc on May 30, 2021, 03:39:06 AM

Quote from: Twinkledoe on May 29, 2021, 06:48:12 PM

Gambling license is one way to check if the site is legit is not. But there are other ways to check if the site is dubious or not. Check the reviews like from trustpilot and other review sites. If you are not satisfied, you can test it on your own, and use small funds. You will know if the site will scam you once you actually experience it. But having Curacao license is not the only way to check the legitimacy of the casino. Everyone can basically claim they have one.

I reckon this idea.

It's the first step that the casino is serious with their business but it's true that it doesn't mean they own it, they won't play unfairly.

Those steps that has been mentioned can be done to check the legitimacy of a casino if you don't trust such a license even if it's coming from Curacao.

Well, a license can easily be bought, so I don't think it means that the owner is serious with his business automatically when he buys a license. More like he's prepared to either scam the hell out of his customers or start-up his casino business. Also, I don't think just anyone can claim they have a Curacao license, casino sites have the logo of Curacao that automatically directs you to the license that has the details for the license of that casino, which pretty much proves the site owns that license.

As am saying, it's just the first step with their business.

But that's not all of the factors that one can rely on for telling that a casino is legit. It can be bought by anyone who also has the bad intention and uses their casino for doing bad to others.

It happens for real.

fiulpro

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Quote from: Fortify on April 20, 2021, 12:06:00 PM

Quote from: webdream on April 20, 2021, 11:38:46 AM

They are scam or not? Can we play safe and withdrawal our winnings or not?

What do you think about?

I wouldn't say they are all a scam necessarily, but these companies primarily locate their companies for two reasons - minimal company tax and privacy for company owners. If they ever have a problem or want to disappear overnight with depositor money and have been careful to cover their tracks, then the government of Curacao is unlikely to have the resources to help you. Plus they get to throw around words like "licensed" and "regulated" within their website, when in actual fact very little is done to monitor their activities. There may be some legitimate companies who operate on such a basis, but I would never feel quite safe keeping or betting large amounts of money with companies in these jurisdictions.

There are actually some casinos that I know about here. They are trying to invade tax which is equally wrong. The casinos are all operated by the same company which is trying to split the bills. Which is really not good. Will they be charged with it tho?

This needs to be taken into consideration and at the same time people would have to stay away from these companies. If they are not able to afford a seperate license then they should not be in this business.

Just consider these casinos a scam even if it's proven or not. It's better to be safe than sorry.

RealMalatesta

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Quote from: freedomgo on May 30, 2021, 07:37:04 AM

It's easy to get a license actually, but it's hard to build a reputation.
That's why gamblers value more reputation because a license can easily be obtained if you are a legit person who passed all the requirements for your business.

We should not be surprise that there are an increasing number of casinos in the space bu only few of them have really survive, that is because gamblers stayed on a site that has a good reputation, and we can look some of that sites in our forum.

I believe there could be a place without ANY license and still be loved more than a place that gets a license directly from the top 10 nations presidents hand written. I am not even joking, you can get the biggest 10 nations presidents all sit down and sign a paper that says this website is legit and that website could still not be liked too much, would be very difficult to be hated when you get something like that done Cheesy

but it's possible.

But the more realistic thing that happens is that; a place gets curacao license and usually sucks, whereas another place ends up with zero license but it is known so much and loved so much that they get to be gambled a lot more. That's why I believe licenses worth nothing and kept telling that same thing all the time, people just do not care about it at all. Hopefully people will check reputation like you said instead of license from now on.

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Quote from: lienfaye on May 30, 2021, 07:42:00 AM

Quote from: smyslov on May 30, 2021, 05:02:34 AM

License is good but reputation and good reviews are much better, the first thing I want to know on a new gambling site is their reputation and if there are no complaints or scam reports, this is for me the first sign if the site is worth playing, some gambling sites are faking their license and they can still scam you even if they have a legitimate license.

Indeed, its more on the reputation and build trust to users. Whats the sense of having a legit license if the site is not trustworthy and likely to become scam? Sure the license has an impact to trust the site but it doesnt guarantee a positive outcome, its just one of the factors to say if the gambling site can be trusted or not.

If the casino can get good reputations, have good reviews, and lastly, the casino have a license, it will make them be one of the top casinos, and that casino will have many members that will like to spend their money on that casino. Gamblers will not worry about scam because that casino will not ruin their reputations by making that mistake.

If a casino does not have a license, maybe that will be a matter of time because if they care about their business, they will search for that license to convince their members. Maybe getting a license itself needs time to get accepted so we can wait for that while we can play on the site trying to build their reputations.

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Quote from: bryant.coleman on May 30, 2021, 07:51:13 AM

Quote from: FinneysTrueVision on April 20, 2021, 02:39:51 PM

It's not really shocking. We know that Curacao licenses are preferred because they do not have strong regulation. Some people seem to thing that being licensed makes a casino more trustworthy but there is really no evidence that licensed casino are any better than unlicensed ones. The license is nice for marketing but it means very little with regards to integrity of the casino.

Still I would prefer to play in a licensed casino when compared to an unlicensed one. For the purpose of license, they at least need to reveal the identity of the promoters, right? So in case if some of the promoters vanish with our hard earned money, then we will be able to track him, and recover the amount. In case of unlicensed businesses, none of this information will be available and by the time we trace the identities of the promoters, the money will be gone. But then, there is always a possibility of using fake documents to get the license.

Yep. However your funds on that casino is still not guaranteed to be safe and away from being scammed even though they have their licensed. But IMO, it is still better to play on those casino that has liscense. There are casinos though, that do not have liscense but are doing better than those that has them. They are those that will thrive and get trust from the community. They will soon get their liscense as they are just starting.

Topic: Curacao license scam (Read 770 times)