do bitcoin gambling sites need gambling licenses? - page 2.

leonair

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Quote from: HarleyQuinn9876 on October 25, 2017, 06:36:07 AM

Quote from: JLF1980 on November 18, 2014, 04:25:21 AM

am new to forum, I currently use mainstream sites like betfair but as looking to gamble my bitcoins but wondered if dice sites etc need a licensee, and should I steer clear of ones that don't?

I think the gambling sites need to be licensed to operate. This helps to reduce illegal activities such as fraud, money laundering ... gambling sites have a lot of impact on bitcoins. It reduces people's confidence in bitcoin

Almost all of the legitimate online gambling site has a license to operate in every each of their country that is representing because with this they have the authority to operate in their own ways and will become more trust worthy in the eyes of the gamblers, and there is a countries that regulates and prohibits in using online gambling websites in their countries for their citizens safety, that is why not all online gambling is applicable in all regions in the world.

Forts1946

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you can host your site in allowed countries like Germany But Generally it looks like dark use

HarleyQuinn9876

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Quote from: JLF1980 on November 18, 2014, 04:25:21 AM

am new to forum, I currently use mainstream sites like betfair but as looking to gamble my bitcoins but wondered if dice sites etc need a licensee, and should I steer clear of ones that don't?

I think the gambling sites need to be licensed to operate. This helps to reduce illegal activities such as fraud, money laundering ... gambling sites have a lot of impact on bitcoins. It reduces people's confidence in bitcoin

Emmami@758

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Quote from: JLF1980 on November 18, 2014, 04:25:21 AM

am new to forum, I currently use mainstream sites like betfair but as looking to gamble my bitcoins but wondered if dice sites etc need a licensee, and should I steer clear of ones that don't?

no it is not correct to giving license for gambling sites. because then all the people try to do gambling. gambling is not easy issue it is risky process. who want to become rich in easy way and they had no ethical values for doing like that business. so like that people interested to gambling. any government not encourage like this activities it is harmful to society so no one can give licenses for this.

Ccexicocartel

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Yes they do for some countries. Gambling seems to be a touchy subject for people.

Go with ico's that have the licenses because that means they had to abide to some form of standards. UnikoinGold is my choice thus far for esports gambling. I see big things ahead for them.

cvan

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Depends on the country. If you've seen on the news, Unikrn, with their ongoing ico UnikoinGold, recently got their malta license.
I think this is important for credibility. Too many scam sites out there stealing money from innocent people.

Looks like unikoingold will be disrupting the esports realm with their betting platform. http://www.newsbtc.com/2017/10/22/mark-cuban-ashton-kutcher-unikrn-ico/

lydmilka61

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Thankfully, this thread answered my questions.

cardinalVC

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That all depends on the country in which it is registered in.

darylalban

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It depends what you're trying to do. If you're gambling with crypto, not so much, but even then in most countries it can be illegal.

A good example of the possibilities of acquiring a license would be Unikrn. They recently got their Malta license making fiat betting legal in 80% of europe. You can read more about it here: https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/

I think any company doing gambling should go by the books imo.

keung0109

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If you're into esports, Unikrn is doing big things. Their ICO unikoingold has already raised well over $35million and recently got their malta license meaning there's fiat wagering in 80% of europe. Definitely something to get into.

https://www.coindesk.com/regulated-cryptocurrency-betting-just-got-big-boost-europe/

suvo05

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Quote from: Crypt0m0ney on September 07, 2017, 02:49:03 PM

Quote from: ok-aurus on September 07, 2017, 02:23:42 PM

If you want to open a gambling site, you must have a license and pay taxes to the local authorities,otherwise you may be arrested

Could you explain in witch country is bitcoin / altcoin license required for run gambling website?

are you sure that an altcoin gambling website need license?

how to i pay tax, in altcoin?

if plaing is anonymous how do governament knows where coming from the players?

Gamble is totally banned in our country. But none of the bitcoin(or altcoin) gambling websites are banned. It is also tough for a gov to prevent and track peoples joining crypto gambling, but players have to turned it into flat to use it (and pay tax on exchange) and gov can track them then.

SvenBomvolen

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Everything depends from laws about gambling in a concrete country, which are not the same in everywhere.
In my country all gambling spots and sites have to pay the licence if they want to have any activity, in other case they will just get banned or simply closed.

Qartersa

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I think the requirement on gambling licenses will depend on the site you are in. You cannot impose on someone to have a license when it is not required of them. This subject is highly discretionary on the part of the website owners. Nonetheless, if you think you are mandated by laws or the gambling sites to furnish a gambling license, you must do so to operate regularly or legally.

MidKnight

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Every business need license to operate because they need to contribute tax from what they earn to the government. Every government has it's own cybercrime division so you can't hide it even if you want to.

jaocoincrypto18

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Quote from: JLF1980 on November 18, 2014, 04:25:21 AM

am new to forum, I currently use mainstream sites like betfair but as looking to gamble my bitcoins but wondered if dice sites etc need a licensee, and should I steer clear of ones that don't?

Here in our country all on line gambling sites needs to be register in the government whether local currency betting or foreign currency betting like dollars or maybe bitcoins as long it was a gambling nature operation it need to acquire license to our games and amusement board (GAB) of the Philippines. Without license the gambling sites is at risk to be raid and seize.

Lancusters

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What kind of license can be to the game site with bitcoin? For this you need to accept the bitcoin currency. From the point of view of the law is winning bitcoin is now equal to win points. Countries that prohibit the use of bitcoins can close the access to your website its citizens and all.

JaysonCastro

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Quote from: JLF1980 on November 18, 2014, 04:25:21 AM

am new to forum, I currently use mainstream sites like betfair but as looking to gamble my bitcoins but wondered if dice sites etc need a licensee, and should I steer clear of ones that don't?

Do Bitcoin Gambling Sites need Gambling Licenses? Of course it is needed to have license the gambling sites of Bitcoin for the reason that it will not consider as illegal practice or act of others that will face certain punishment by the law. Legal gambling sites of Bitcoin will not offended the law and will not face some punishment. Therefore, it is needed to have a license for gambling sites of Bitcoin for the reason that it will not consider as illegal act.

Crypt0m0ney

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Actually most of faucet websites, include dice game....

dice game in bitcoin..... it's considered a gambling, no license, avaible everywere

Concept of legal and license is different

could be neede the license/ legalize the position in case the website accept curriencies (at moment only FIAT), Bitcoin is not considered currency.

At moment any gambling website that's running with bitcoin, doge ecc.... is considered as normal game website

In future probably Bitcoin will be considered currency and then if the game website run in bitcoin, has to legalize the position...

Hopefully there will be license and control from authority,

will be first one to buy that

DanetonBit

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I was thinking that this might become a necessity in the future...license is important

GreenBits

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Quote from: ok-aurus on September 07, 2017, 05:58:17 PM

Quote from: Crypt0m0ney on September 07, 2017, 02:49:03 PM

Quote from: ok-aurus on September 07, 2017, 02:23:42 PM

If you want to open a gambling site, you must have a license and pay taxes to the local authorities,otherwise you may be arrested

Could you explain in witch country is bitcoin / altcoin license required for run gambling website?

are you sure that an altcoin gambling website need license?

how to i pay tax, in altcoin?

if plaing is anonymous how do governament knows where coming from the players?

In all countries of the world where gambling is legal , this activity is regulated by authorities to avoid money laundering...

yes. at the least, you would be subject to the regulations of the land regarding gambling, which vary but pretty much all require some basic form of aml/kyc. at the most, you would be subject to the individual countries' laws governing the citizens that you serve (as we saw recently with us participation in icos). its too easy to spoof your location online; it would be more prudent to ascribe to the laws were the company is incorporated, or at least where the main office/physical plant resides.

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