Do i need a license if i want to create a crypto gambling site? - page 2.

Fatanut

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Quote from: AMNA NAZ on August 18, 2018, 01:42:04 AM

In my country gambling is not legal, but still there are so many people who are running physical casino, although it is difficult because they have to face the law and forces agencies, it is rather easy to run a online casino where the government cannot stop you so easily.

In my country gambling is only illegal in public places. There are the right places where you can gamble but you're not allowed to just gamble on the streets. I think the same thing is what's going on in your country since there will no physical casino if gambling is totally banned. I think it's the government's way to accumulate all of the taxes from gambling instead of having to go through small scale gambling casinos.

Quote from: AMNA NAZ on August 18, 2018, 01:42:04 AM

it is rather easy to run a online casino where the government cannot stop you so easily.

While that is true and that will definitely allow you to bypass the government, being an anonymous owner of a gambling site will raise so much issues. There are players that are looking for the details of the casino especially when it's online. But the ones that will expose your lack of license and that gambling is illegal in your jurisdiction are online casino review sites. And that will take away a huge portion of your players since why would they want to play in a gambling site that's run by an anonymous owner when there are thousands of other gambling sites that are similar to you but have a license.

The players like staying anonymous but they don't like the owner staying anonymous. So it wouldn't be as easy as you thought it would be. It's one thing to open up an online casino but it's another thing to make people play on your casino.

AMNA NAZ

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Quote from: Ganbound on August 17, 2018, 07:00:59 AM

Quote from: kurian on August 09, 2018, 01:19:04 PM

I really don't know how this licensing thing works. From what I understood from different topics on this board, o run a reliable casino it is advisable to get an online gambling license. You can choose different license jurisdiction including Curacao, Malta, UK, etc depending on where you host your casino. License gives you a better reputation and customer loyalty.

You can get license only in such places where gambling is legal, but still I think there are so many countries where gambling is not legal and you can run a gambling site legally there. But If they will reach to you they will fine you for that and in some cases can send you to jail.

In my country gambling is not legal, but still there are so many people who are running physical casino, although it is difficult because they have to face the law and forces agencies, it is rather easy to run a online casino where the government cannot stop you so easily.

Ganbound

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Quote from: kurian on August 09, 2018, 01:19:04 PM

I really don't know how this licensing thing works. From what I understood from different topics on this board, o run a reliable casino it is advisable to get an online gambling license. You can choose different license jurisdiction including Curacao, Malta, UK, etc depending on where you host your casino. License gives you a better reputation and customer loyalty.

You can get license only in such places where gambling is legal, but still I think there are so many countries where gambling is not legal and you can run a gambling site illegally there. But If they will reach to you they will fine you for that and in some cases can send you to jail.

0xBitcoins

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Quote from: tailwate07 on August 16, 2018, 05:34:05 AM

Quote from: emberbekas on August 14, 2018, 12:32:49 PM

Quote from: romero121 on August 13, 2018, 06:50:45 PM

Very few countries provide with legal support for the development and implementation of gambling. As the online gambling sites too requires certain norms to be fulfilled, they register with those particular countries. This will let the gambling sites progress and gain the trust of users while there are lots of un registered gambling sites which scams people.

I don't know much about how to operate a gambling site but as my common sense says, licensing is a must for gambling sites that want to stay longer and want to avoid further problems in the coming days and years. And again, with licensing, users will feel more secure when risking their money to such gambling places.

Well I will advise you not to take this as option. Reason is, how you can be choosing something that is able to give you money but this money comes out of people who lose it. You can’t just dig your hands in someone’s pocket and then become rich. No, I don’t think so this is reliable and suitable for a sensible human being on this earth. Get your Ming and direct in right way.

Simply, we must not earn from making others loser. We can’t just be so selfish that to harm others, we have devised some attractive games and plans that easily make others trap. You are good to go for earning from any other respectable way where the money comes after your hard world and efforts, not from destructing someone else’s future. Good luck to you brothers.

AT101ET

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This question has been asked multiple times on the forum so doing a forum search may bring some good results.
IIRC, , (in-short) there are a few countries that are more lax about the rules and licences one needs to obtain in order to operate a Gambling site. I'd focus my attention on Finland, Gibraltar and the Cayman Islands if I were you.

Forever_F7

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The best advise for you to visit a consultant to help you. Do remember where you take license should be a bitcoin friendly country. Plus figure out all the taxes as this is one complicated procedure you better get pros involved to help you out. I mean, calculate all pluses and minuses then create website!

tailwate07

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Quote from: emberbekas on August 14, 2018, 12:32:49 PM

Quote from: romero121 on August 13, 2018, 06:50:45 PM

Very few countries provide with legal support for the development and implementation of gambling. As the online gambling sites too requires certain norms to be fulfilled, they register with those particular countries. This will let the gambling sites progress and gain the trust of users while there are lots of un registered gambling sites which scams people.

I don't know much about how to operate a gambling site but as my common sense says, licensing is a must for gambling sites that want to stay longer and want to avoid further problems in the coming days and years. And again, with licensing, users will feel more secure when risking their money to such gambling places.

Well I will advise you not to take this as option. Reason is, how you can be choosing something that is able to give you money but this money comes out of people who lose it. You can’t just dig your hands in someone’s pocket and then become rich. No, I don’t think so this is reliable and suitable for a sensible human being on this earth. Get your Ming and direct in right way.

carlfebz2

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Quote from: emberbekas on August 14, 2018, 12:32:49 PM

Quote from: romero121 on August 13, 2018, 06:50:45 PM

Very few countries provide with legal support for the development and implementation of gambling. As the online gambling sites too requires certain norms to be fulfilled, they register with those particular countries. This will let the gambling sites progress and gain the trust of users while there are lots of un registered gambling sites which scams people.

I don't know much about how to operate a gambling site but as my common sense says, licensing is a must for gambling sites that want to stay longer and want to avoid further problems in the coming days and years. And again, with licensing, users will feel more secure when risking their money to such gambling places.

When gamblers do hear out about a gambling site which is licensed then it cant really avoid the feeling of security since they do know that they can able to go after a site if they do experience problems with it unlike into non-licensed ones which you don't really have something to be assured since anytime they can out on their players money but this isn't the case isn't happening as of now because we do see some gambling sites doesn't have any license but still manage to be on top list.

emberbekas

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Quote from: romero121 on August 13, 2018, 06:50:45 PM

Very few countries provide with legal support for the development and implementation of gambling. As the online gambling sites too requires certain norms to be fulfilled, they register with those particular countries. This will let the gambling sites progress and gain the trust of users while there are lots of un registered gambling sites which scams people.

I don't know much about how to operate a gambling site but as my common sense says, licensing is a must for gambling sites that want to stay longer and want to avoid further problems in the coming days and years. And again, with licensing, users will feel more secure when risking their money to such gambling places.

Alfiehob

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Quote from: ocid on August 09, 2018, 11:24:52 AM

clearly the license is very necessary if you really want the site to run smoothly and last a long time if it can be accepted legally by your country. with the existence of a government license, automatically the site that you make can be safer because it has legal permission

Well I can’t just participate in a source that leads humanity to destruction. I can really not say this to other people that I am millionaire because I make people lose money. I pretend my game is lethal and legit while manipulations are there and intentionally these innocent people who came for earning money lose all what they have. Don’t do this to your brotherhood.

0xBitcoins

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Quote from: noormcs5 on August 11, 2018, 08:55:33 AM

Quote from: maydna on August 07, 2018, 04:26:34 AM

maybe it is better to get a license for creating a crypto gambling site so he can feel safe from the law. I think if he creates a gambling site, his visitor is not just come from the UK but he can have a visitor from all country because once his site is online and he can make a good promotion for his gambling site, it will attract many people to come to his site. and if he has a license, then he doesn't have to worry about anything and he can run his gambling site without any problem.

Well maybe in the develop countries like UK, USA we need to get license to operate the gambling site as it is in their laws. But for many under developed countries no license or other legal stuff is required. Another thing to note is that in some places gambling is prohibited or even considered as a sin, so if you open / operate site from such places, then it can cause you legal complications too.

For most of the countries, like bitcoin, gambling isn’t legalized. But there are developed countries too that has legalized this unethical thing even being so called civilized and developed countries. But that is up to them how they control this legality over those gamblers who always breaks law and participate in illegal activities. But I will never advice you to get this business, it’s shameful.

iMark

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Quote from: checkmatesir on August 13, 2018, 11:17:00 AM

Quote from: hubballi on August 03, 2018, 11:34:22 AM

You don't have to take licence according to you're customers but you have to take licence from where you are going to start the gambling business. You have to first check that whether your country support the gambling and it is legal to run it, then only you will need the license to run you're gambling business online of live both.

Yes that is right that different countries have different rules and regulation about opening a online casino, in my country I know that it is totally illegal and they are not issuing any license to create a online gambling site, it will be totally illegal in my country. With license we can attract more gamblers, but after crypto payments no owners provide importance to this.

Thats right, the license is important not only to make your site more professional but also to attract many users because they will be more comfortable and feel safe if the gambling site they play has a legal protection or license. Yeah but in some countries that prohibit gambling. of course that won't matter. but that does not mean your site cannot be accessed in their country

romero121

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Very few countries provide with legal support for the development and implementation of gambling. As the online gambling sites too requires certain norms to be fulfilled, they register with those particular countries. This will let the gambling sites progress and gain the trust of users while there are lots of un registered gambling sites which scams people.

krishnaverma

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Quote from: checkmatesir on August 13, 2018, 11:17:00 AM

Yes that is right that different countries have different rules and regulation about opening a online casino, in my country I know that it is totally illegal and they are not issuing any license to create a online gambling site, it will be totally illegal in my country. With license we can attract more gamblers, but after crypto payments no owners provide importance to this.

There are ways to twist the legal conditions and operate such sites even if the law does not allow that. For instance, in some countries the rules is than any online game which involves some skills cannot be banned. Now gambling activities like card based games may fall in these category and thus one can run such websites in that country.

checkmatesir

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Quote from: hubballi on August 03, 2018, 11:34:22 AM

You don't have to take licence according to you're customers but you have to take licence from where you are going to start the gambling business. You have to first check that whether your country support the gambling and it is legal to run it, then only you will need the license to run you're gambling business online of live both.

Yes that is right that different countries have different rules and regulation about opening a online casino, in my country I know that it is totally illegal and they are not issuing any license to create a online gambling site, it will be totally illegal in my country. With license we can attract more gamblers, but after crypto payments no owners provide importance to this.

mikyadel

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Simply you don't need a license of any kind .However, it would be nice to have one if you can afford one as it will be like an advantage over other sites and would attract many whales who can be afraid of betting too high.
you could try getting one from any of Caribbean countries where taxes are low and laws ain't very tight.

noormcs5

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Quote from: maydna on August 07, 2018, 04:26:34 AM

maybe it is better to get a license for creating a crypto gambling site so he can feel safe from the law. I think if he creates a gambling site, his visitor is not just come from the UK but he can have a visitor from all country because once his site is online and he can make a good promotion for his gambling site, it will attract many people to come to his site. and if he has a license, then he doesn't have to worry about anything and he can run his gambling site without any problem.

Well maybe in the develop countries like UK, USA we need to get license to operate the gambling site as it is in their laws. But for many under developed countries no license or other legal stuff is required. Another thing to note is that in some places gambling is prohibited or even considered as a sin, so if you open / operate site from such places, then it can cause you legal complications too.

DarkDrake

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Quote from: henmark on August 11, 2018, 01:31:17 AM

Quote from: DarkDrake on August 08, 2018, 06:10:23 PM

Quote from: CryptoGamblingSites on August 08, 2018, 06:02:22 PM

Quote from: DarkDrake on August 08, 2018, 05:10:50 PM

Quote from: CryptoGamblingSites on August 08, 2018, 02:00:44 PM

If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate.

Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost.

The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country.

The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws....

It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalksearch.org/topic/m.43725038

thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before .

Oh you want to ICO huh?
Shameless plug, we hate the scamquitters, glad you don't want to be one...
https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/

i don't want to tarnish my name in the crypto scene. i would never just take peoples money and say "sorry dident work my money now"

Edit: what i mean by that is. if you get known as the shady guy or scammer in the crypto space you will never find any reputable work in the space. and i would really want to avoid that.

I think I found a sensible comment after a long time. Really this is what I want to say. Why we prepare a pool of stupid people who lose their money and this all happening according to plan. Why we take their money and tell them to try it again as good options are there too. I can never be a profitable person by making other lost and investing on their money to become successful, no.

thank you for having the same mindset

henmark

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Quote from: DarkDrake on August 08, 2018, 06:10:23 PM

Quote from: CryptoGamblingSites on August 08, 2018, 06:02:22 PM

Quote from: DarkDrake on August 08, 2018, 05:10:50 PM

Quote from: CryptoGamblingSites on August 08, 2018, 02:00:44 PM

If you are "targeting" Denmark players, you register a company in Malta and run the site from there. Check what all the danish casino sites are doing. A bunch register company in Malta to pay 15% tax on revenue instead of 45% in Denmark. They still pay tax on Denmark players with the Danish license but not taxed on other countries players at the Denmark tax rate.

Every "legal" online casino in Denmark has a license with Spillemyndigheden though. You may not be allowed to get a license with just crypto if you want to be a Danish casino, lots of rich companies avoid that license cost and Denmark - it is high license cost.

The "dodgy" way is to get the curacao, Khanawakee or Antigua license and run casino from there. Can target any country but the people behind the casino have to hide basically because those countries regulators will want to know who is offering illegal gambling in their country.

The "legal" way requires a lawyer in every legislated jurisdiction to make sure you are complying with the license requirements there. That can add up with Italy, Spain, France, UK, Belgium, Germany all having different regulatory requirements and licensing rules/costs. Then there are the US "state" licensing laws....

It is a rabbit hole once you start offering online gambling, this is why we are currently in a "fight" with an ICO that knows nothing of legislation worldwide here https://bitcointalksearch.org/topic/m.43725038

thank you so much for the input. yea my plan would be to gather funds thru an ICO but i want to have all my facts down before i even start that. if i do anything in the crypto scene i dont want to be a scamquitter like so many have been before .

Oh you want to ICO huh?
Shameless plug, we hate the scamquitters, glad you don't want to be one...
https://www.cryptogamblingsites.com/crypto-news/the-ico-scam-blueprint/

i don't want to tarnish my name in the crypto scene. i would never just take peoples money and say "sorry dident work my money now"

Edit: what i mean by that is. if you get known as the shady guy or scammer in the crypto space you will never find any reputable work in the space. and i would really want to avoid that.

I think I found a sensible comment after a long time. Really this is what I want to say. Why we prepare a pool of stupid people who lose their money and this all happening according to plan. Why we take their money and tell them to try it again as good options are there too. I can never be a profitable person by making other lost and investing on their money to become successful, no.

Abiky

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Quote from: DarkDrake on July 31, 2018, 09:10:51 PM

If i wanted to create a crypto gambling site would i need to get a license in the countries where my customers would come from?

as in if i targeted people in the UK would i need a UK license?

or is the crypto space exempt from the licensing as it's not "fiat"

and if a licence is needed would i need one for each country i want my site to be used in or just one in general?

i realize this might be a nooby question but i wanted to ask as i don't know much about the legal side of the gambling scene.

I don't think that you'd need a license to operate a crypto-gambling site (AFAIK), especially if you won't be dealing with fiat in any way. Since cryptocurrencies do not operate within a single jurisdiction, it's hard to regulate them at a global scale. As such, they're tied to various regions worldwide instead of a single region or country. On the other hand, decentralized gambling applications which rely on smart contracts, wouldn't rely on a license to operate, since they can be executed by anyone in the world.

However, anything is possible, as we've seen the SEC in the US cracking down on unregistered ICOs within crypto land. If governments see crypto-gambling sites as a threat or as something that doesn't generate them taxes, then regulations for this sector will come for sure. Things aside, since the casino I'm promoting under my signature (called Bitcasino) is already licensed, then I guess that other crypto-gambling sites will follow in the long term. AFAIK, it's not a requirement, but it could be soon.

Nevertheless, it's advised to consult a counselor or lawyer about this to be on the safe side. Wink

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