Topic: Gambling company's responsibility - page 2. (Read 333 times)

Everything is business, you pay get the license and they don't care anymore. What these licensing companies does, check for the requirements. If the requirements get fulfilled they provide the platform with the license. This helps the gambling platforms added value and doesn't guarantee the users on trust factors. If something goes wrong you can request help, but these days those aren't really useful. Because, they do have some terms and conditions.

Some casinos that have gambling license don't mean that they are always legit and not s ht gambling sites.
And about the monitor from gambling license itself, I ma surethat for the first sign, they will evaluate the platform in order to get license or not. And this will need much money.
But we don't know exactly whether they will always monitor the gambling sites or not always. We know that sometimes,they will probably control the gambling sites, but some gambling sites may be able to do some fake data or otehr ways to maintain their license. except the gambling license got some bad reviews

Both are definitely preferred. Though, I know a lot of people are going to disagree with that due to the KYC element. Most licensed gambling websites are required to take some sort of KYC, since they need to comply with the national laws set out by the government, which is what the gambling commission usually go by.

There's definitely a reason that gambling websites ask for KYC, though you can't always guarantee what they'll do with that information. I think the misconception is, KYC is always bad. Though, I would partly disagree, and say certain services it makes sense, however the issue with KYC isn't the act of requiring certain identification or confirmation of identity, its the amount of information they request from you that's the issue.

The government should be the only ones which have access to much of the information that websites gambling websites require, and instead of giving the information to them directly, the government, and gambling commission should work together, and generate a unique code which is linked with the KYC information that only the government hold. Then, you can be sure that the websites that you use that require KYC, can only verify that you are who you say you are via giving them the unique code. The government then are the only entity that has possession of your sensitive data. Most people are already registered with the government in some sort of way, for example National Health Service, Banks, Electoral Poll, so this wouldn't be a massive invasion of privacy. The problem is at the moment we keep giving our information to these companies, that will use it any way they can, and profit from it.

You have a point on that. Not all licensed casinos here are doing the right thing. Maybe, the gambling license authority will only take action if there is legal suit towards the casino. That's when they will take a look on the site. But if it is just small complaints, they basically ignore them. So yes, better look for reputable casinos in the forum and check their trust summary, rather than look for the license logo. It is just a plus in my opinion as well.

This business of getting a license is just bureaucracy created to raise money.
At least we know that a site that has a license has a real person behind it who can be held responsible for some damage, but whether that will actually happen is another matter.

A license doesn't give users any security, I trust a good reputation here on the bitcointalk forum a lot more.

Also, if those funds had been ran off then dont expect that there would be some sort of recovery because those online gambling sites doesnt really ensure out that they could really be trace it out.

This is why its just right that you wont really be making this as a solid indication about legitimacy specially with Curacao licensed gambling sites.Im not talking about general thing but
this is the most common case or probabilities that could happen and some people do really give out that wrong impression about being legitimate most of the time.

Curacao license always takes minimal fees in terms of casino revenue, if I am not wrong it's 0% fees if you are operating outside Curacao remotely or something like that. I may be wrong though.

I've never seen a video call system from a casino either but maybe that's a new technique of harassing the players and an attempt at forcing the player to surrender their funds.

I never understood why verification and all matters because casinos can't be exploited and if one can exploit casino, he can easily fake documents lmao.

1Xshit is a classic example of how you can have a license and still scam players because the license provider doesn't give a damn about players and all you need to do is complete the formalities and pay the license fee. I heard from someone that all these license providers are also biased towards the casino so in case you turn up to them for a scam accusation or report they will simply ask you to contact the casino and if at all, they will favor the casino only.

For crypto casinos, I think I rather prefer a casino with a reputation and history of paying players rather than a licensed casino but new and that has issues. One reason behind this logic is the fact that licensed casinos can ask for KYC much quickly and for no reason while anonymous casinos let you win and withdraw without any hassles but of course, they must have some background or history of operating.

As a licensed provider, what they do is to ensure that the gambling company is following a legal procedure for their business to become legal. The fact that they were able to get a license, means all their public information was disclosed to the license provider.

What will happen along the way of their service can't be monitored. In this case, if something worst happened, maybe report them to the license providers to see what action they will do. I've now become curious if they will really take action.

Maybe that license will need to renew yearly and that’s the only time for the issuing company to see and analyze if that site is working according to the terms of conditions of that license and maybe they also have their support to contact with if you are having a bad experience with that site. Those who issue license are indeed responsible to monitor such gambling site because a lot of gamblers relies so much on the credibility of a license.

License isn't everything and not a solid thing that you could ensure that the site wont turn out to be a scam which is something unavoidable or couldn't really give out assurance for it not  to happen but

the thing here is that you could somewhat have that confidence that they could really be traced up at least rather than into those  who don't have license after all.

Speaking of monitoring then I don't believe that they are really that putting on it that much because once a gambling site had their licensed been released then
I don't see any further actions that those licensing companies would care that much.

I think that's out of their control already. I mean, the company complies with all requirements legally, therefore, it's one step that the site is somehow trusted. It's now up to the people if they will choose to gamble on that site and understand the risks.

That's why it is always a good habit to check the site's reputation regardless of whether they are licensed or not. We should know already that crypto-gambling sites are not totally regulated so the safety measures should start from ourselves.

You pointed out the reasons about how to chose the right company to play.
When i am asked about the best way to chose the right one, i always recommend to chose one from the reputed websites lunching their services using the bitcointalk forum. Channels in the forum is full of reviews based on users experiences in addition to the platform activities especially if they are running promotion campaigns here so you can rely on the quality of users who join them and the manager they hire to handle the campaign.

For online users, even with licenced companies, any user can get in unexpected troubles for a reason or another.

but on the other hand I see that getting a license is currently very easy because the regulations set are not too strict so that even if the license already exists, it is only a sign that they have been recognized and the recognition that the gambling house only requires various rules and regulations. various files for licensing needs, the rest do not exist.

But it's a good thing that they can simply be recognized by several parties

I just wished this licensing companies don’t just relent after issuing out licenses but take better steps in ensuring the satisfaction of gamblers who visit most online and offline casinos we have had lots of complaints and most time I wonder if this licensing organizations are just there for what the stand to benefit or have the interest of gamblers at heart

Take 1xbit as example: there are several complainments and scam accusations against them, but they still have a Curacao license. Their main gambling site, 1xbet, was even forbidden from sponsoring soccer clubs in Europe, what didn't prevent them from owning the license at same time.

It makes me believe those who concede the licenses don't worry about the casinos' reputations. They might just wash their hands of it, giving this responsability to the regulators and authorities of each country to apply the most appropriate sanctions or bans to problem casinos.

This topic comes up more and more. As a business, depending on the license, you must perform a KYC. If someone creates a new account in someone else's name, then what? I don't think a gambling site is obliged to verify that through a video call. Only documents should then be sufficient. And most site have a mechanism that once excluded, they stay excluded.

This is an interesting thing to consider, I suppose there are some restrictions on those licenses that if broken it could allow for the issuer of that license to revoke it, however even if that was the case I do not think many gamblers would care, there are many casinos that do not have a license like that and that are still trusted by many people because they have not scammed anyone, and there are many casinos with a license which have done it, so at the end the license means absolutely nothing for most people.

How solid are these KYC's really when there are situations where licences are sold to new owners. How can those who issue licenses follow up on the licenses they issue to ensure that the new owners are of good reputation as well. Operating with a license is an indication of credibility but not a 100% guarantee that a gambling site is credible, for all you know, their license may just have been bought over by new owners with dubious intentions.

Curacao license is one of the cheapest, so it gets a huge number of online gambling sites. You should not expect that your problems will be resolved by the licensing authority. There are many stories on the Internet when even licensed casinos have not acted honestly with their users.