Topic: Gambling License - page 2. (Read 1617 times)

Different people get their coins in different ways. For example, I bought my first coins with money received from other taxable activities. I think that a lot of people in the crypto market bought their cryptocurrencies with money from their official income.
In addition, if you Deposit money on a gambling site to scammers, you will be equally sorry to lose both dirty money and clean money.

Preferring a casino with a license only makes sense if you are investing your own taxed money. But most of the gamblers use Bitcoin that they got from somewhere (e.g. airdops, crypto trading etc) and didn't pay tax for it. Therefore, the license for such gamblers is completely irrelevant, only the reputation and seriousness of the casino should be considered.

Obviously it would be ideal to use a gambling website with a license and good amount of reputation at the same time, but this poll is more about which one would you choose if you had to choose between reputation and gambling license, since many of the good gambling website with great reputation do not have gambling license and also many licensed gambling websites don't have enough reputation to give the user some sense of trust you have to choose one of them as your priority, and that doesn't surprise me at all that most people chose reputation over gambling license because it's way harder for a casino website to gain a decent amount of reputation while it's rather easy to get a gambling license from some country with questionable law system.

I don't see the number representing the majority of the members here, there are members who opted not to vote but participated on the discussion and there are players who are not active in the gambling discussion, but if going to vote the vote could be that on the lowest generate vote I don't see more than 30 members representing the majority of the gambling community.

That is good for you. You can at least try to familiarize yourself first before you go deep into that site and know about their rule. But mostly, people don't read the TOS on their first visit, and they will try to read the TOS if they think that they need an answer to their question before they contact the support system. I am also trying to read the TOS after I feel comfortable staying at the site to know the site's situations. Besides that, I don't get a bad experience until now, even if I don't read the TOS because I don't use too big money to gamble, and if I win, I don't withdraw all of the money instead withdraw for small money or withdraw my initial money.

This one shows the reality of what is happening most of the time. I am even guilty because when I started playing online, I did not mind TOS at first because I though it is the same with other apps. I was not aware of the limitations regarding countries when it comes to withdrawals until my friend told me so. But so far I did not encounter gambling sites which causes problem in my country. But still, I made it a habit to read whenever I encounter new gambling sites. Reading will often save us from mistakes.

Oh yeah, reading the TOS will be recommended to know more about the rules, so he will not have a problem. If his reason for playing gambling is to search for fun, I think he will not try to win the game, but he will be a bonus for him if he can win.

Most gamblers will not check the TOS because they want to test the site, and if they feel comfortable playing gambling at that site, they will try to deposit some money. But then, if they win, they are forced to read the TOS to find out about the withdrawal section.

If they can not withdraw the money because of prohibiting from the country list, that will be their mistake. Maybe the solution is after they check the site by playing some games, they need to read the TOS so that they will know the pros and cons. If the gambling site has a prohibited country, he will not play gambling at that site, but he can move to another gambling site.

It does matter if we're going to consider the fact that there were more or less 20 people who were not able to vote but, like I said, majority of the early comments say they prefer reputation so they would have probably chosen that option and further widen the gap.

It doesn't matter if the poll was created after this thread was already active, that's the vote of the people, and I don't think they will lie. With the poll result, I'm quite convince that some people aren't really reading the TOS, hence they care about the license.

It was my mistake to add the poll after three pages of replies and I'm not sure if those who posted earlier came back and cast their votes. Here's the time and date it was added https://bitcointalksearch.org/topic/m.55317302

If we read back at the comments, it is noticeable that most of them answered reputable over licensed casinos so the poll is just a formality.

Regarding the pool on the front page, not all members/majority choose that suggestion. I see 21 voters only (13 voters choose another option). If so when I check thread statistic had about 133 users posted, this means 99 users didn't have a choice. Regarding this, I don't think the reputable majority of member choose that option.

IMO, a gambling site's license is not really necessary since most of the gambling sites have a license from Curacao republic, and as far as I know, the country Curacao is a country which is not really having strict gambling policies which make the gambling casino's license irrelevant. But if we can see a gambling casino registered from a big country, it somehow increases the casino's reputation. On the other hand, in cryptocurrency gambling casinos, a license isn't actually a standard of trust for the users. The reason is that crypto gambling casinos could be transparent by being provably fair, which is enough already to say that the casino is legit when verified.

It sure is, but users who gamble with cryptocurrencies are more worried about not having to go through a KYC procedure than of playing at an unlicensed gaming platform. If the site is regulated by the UK gambling commission, the players would have to do KYC verification just like on fiat casinos and bookmakers. That leaves them with two choices: They can either do the KYC or find a Cucacao-based casino with less rigid rules. Most players will pick the 2nd option. 

Would have been much better if you'd have given him the suggestion to also clearly read the rules and especially, the ToS of a specific gambling website they want to gamble at because this can turn bad for them if their country is listed in that website's restricted countries list and then they still gamble there but are stopped from withdrawing anything (some sites even do it like this because it's gambler's fault in the end that they didn't check the terms before registering). Nowadays, even the best and reputed gambling websites are turning grey when it comes to withdrawals.

Maybe you can say that. But I feel that this happens in the real-life, so I think it can happen in internet life. I think that maybe some people can get something that has the privilege of the other market, and they don't have to get it by themselves. Maybe they have contact with people who can give that access to them.

If you found the gambling platform because of their review or ratings, I don't think that the gambling site will recommend playing gambling. If it's related to the crypto world, it is better to find the recommended gambling site from here because you will get so many trustable and recommended gambling sites that you can use to gamble.

It is of course much nicer to gamble on a site that is in possession of an official gambling license. Sites are bound by certain rules, I think they have to observe them.
Isn't it nicer to know who you are dealing with as a customer? and not on a site that does not publish or intend to publish any company information.
If a site does not publish anything, the first alarm bells should already be ringing.

I don't understand, why the majority of our community members here choose gambling sites that no license as long as there is a reputation. I guess reputation has been started with a licensed gambling casino.

If you were going to ask me, I will prefer to choose both characteristics that should gambling online casinos have. The license and reputation will be the right choice. You can also choose a gambling site that already ran a business within 5 months to 1 year. If they don't have critical complaints, I guess they are good to go.

^ Nah, you are wrong. Gambling casino that has operated with a licensed will most likely have a good reputation. Why? because they always have audited by the licensing services that operated fairly to their clients. I will never doubt a gambling site that operates that has a license. But it depends on the length of their service not just because they have licensed and regulated by the government. Nevertheless, small tips for you. Never use an unlicensed gambling site because they are very risky.

I believe that if gambling is already restricted in my country, I would not look for a license at all. About the Curacao thing, yes I know that the sites regulated by them - do offer players to play there even if they come from a restricted area which may put the gambler into problem if they are asked for a KYC.


If I'm too lazy, yes. I mean who cares about the license, I just wanna take a chill-pill.
If I'm such a type of detective sort of person, I'll definitely try to look for more critical insider information about the gambling site including its license.


Then I'd simply try out the new casino or just wait for some people to try it out for some time and give a review about them. But trust me, even if too good reputation has been created, if a casino wants to scam, they'll definitely do that. So I don't think that a particularly new casino will be able to prove itself unless hard time strikes in for them and if someone wins something huge over their casino. That's when their real test starts.


Definitely, because their regulatory bodies will act differently as well as their way of handling and dealing with money laundering issues and/or KYC as well as restriction of countries will be very strictly followed and users from such countries will not be entertained.

Online casino can be risky because regulation isn't having more concentration by government. Many of the casino are not surely into sincerity, people complain of scam. When scam is complained about, you can't do anything to it.