Gambling License - page 7. | Bitcointalksearch.org

ethereumhunter

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Quote from: wildan88 on October 06, 2020, 02:27:16 PM

Quote from: FontSeli on October 06, 2020, 12:23:27 PM

Quote from: Debonaire217 on October 06, 2020, 12:23:29 AM

Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

Taxes do not depend on whether you play at a licensed casino or not. Here everyone decides whether to pay taxes or not. There are also countries where there are serious tax breaks on income earned in casinos.
The main thing is to avoid the casino where you are required to pass the KYC.

Personally I feel more comfortable to provide documents for the KYC. if you have money or crypto, and have nothing to hide, then I do not see the problem with it.
When i gamble online, i also want to know who the casino is and if everything is legit.

If you care about your documents, I think you don't have to send your documents to that gambling website because we don't know if they can protect our documents, although that site is legit. With so many gambling sites that don't require KYC, we can select one of that site to play gambling, and we can feel safe from the hack. We need to aware of the hacking that happens to many websites because we don't know what will happen in the future. Our responsibility is to protect our documents and don't give them to the third party that we don't know.

seoincorporation

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Quote from: Yogee on September 30, 2020, 11:34:46 PM

Questions:
1. As a gambler, how do you gauge the legitimacy of a Curacao registered online casino or in other jurisdiction with zero or little regulation?
2. Is it enough that they offer provably fair games?
3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?

Let me answer those 3 for you...

1.-Curacao is a place where gambling is legit and regulated, we could say they have the best regulations for the business, and maybe is a small place but with clear laws.

2.- Provably fair is a must, with or without a license they must be fair, because if users can't verify the bets then the site is rigged, simple as that.

3.- If the casino is new, then we review their gambling license and their provably fair system.

Fundamentals Of

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Quote from: notblox1 on October 07, 2020, 01:56:19 AM

Quote from: Yogee on September 30, 2020, 11:34:46 PM

Questions:
1. As a gambler, how do you gauge the legitimacy of a Curacao registered online casino or in other jurisdiction with zero or little regulation?
2. Is it enough that they offer provably fair games?
3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?
.......

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

1. There are many levels of gambling licenses and even if Curacao is not on top of the list it is still much better than having no license at all,
just be aware that Curacao is an island in Caribbean Sea near Venezuela.

2. I have seen some scam websites in past claiming they have provably fair games, so that is not enough for sure.

3. New websites need to build reputation in time so there must to some risk involved for both parties.

It is best to have highest license standards but then you must be ready to have full kyc verification for everything and many of players are ready to take some risk as gamblers and have some compromise and less restrictions with Curacao license.

A Curacao license is indeed better than no license at all. But that is just somehow like a casino claiming to have provably fair games when in fact it may not be the case. There must be a number of reasons why a lot of gambling sites are flocking to Curacao, and top of which is that it is very easy and cheap to obtain one. If you have the money, you have the license. You pay, you got what you need. That is all. That is why some players are very careful not to rely on Curacao licensed casinos. They equate Curacao license to no license in terms of accountability.

notblox1

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Quote from: Yogee on September 30, 2020, 11:34:46 PM

Questions:
1. As a gambler, how do you gauge the legitimacy of a Curacao registered online casino or in other jurisdiction with zero or little regulation?
2. Is it enough that they offer provably fair games?
3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?
.......

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

1. There are many levels of gambling licenses and even if Curacao is not on top of the list it is still much better than having no license at all,
just be aware that Curacao is an island in Caribbean Sea near Venezuela.

2. I have seen some scam websites in past claiming they have provably fair games, so that is not enough for sure.

3. New websites need to build reputation in time so there must to some risk involved for both parties.

It is best to have highest license standards but then you must be ready to have full kyc verification for everything and many of players are ready to take some risk as gamblers and have some compromise and less restrictions with Curacao license.

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I usually find out whether or not an online Casino is registered or not when I got to visit their site and it comes up with a stern message announcing they are not registered in my jurisdiction.

Yogee

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Quote from: Jating on October 06, 2020, 09:14:15 AM

Quote from: Yogee on October 05, 2020, 11:39:50 PM

Quote from: jademaxsuy on October 05, 2020, 11:00:53 PM

License is not an issue especially on online gaming platform as long as all users are satisfy with the service probably fast and fare kind of service. No way there is a need to have a license to make a good gambling platform. License is just an agreement paper to mandate the gambling casino to perform its duties and responsibilities to its clients or users and if they can't met the said service they can get fine. This is not really needed and therefore gambling platform should always consider good service in their platform to avoid getting bad reputations from the gamblers or its users.

Let's say for example, you decided to deposit $1,000 in casino Y since it is hailed by many online gamblers as reputable. One day, while your money is still in the casino, authorities seized the platform including the wallets they control because it was found out that it is operating illegally. What would you do? Will you file a claim to the authorities and make an excuse that you didn't think gambling license is needed?

If I may answer, yes, you can file a claim, but I will say this is futile and consider my money as a 'gambling lost' already. That's why it's really important to check the legitimacy of an online casino and prefer to play on a platform that has been established themselves.

As for new those new casino's trying to make a name for themselves, you can see if the people behind are really that serious by the way they answered questions from gamblers or if they really have the license to operate in the first place.

I was waiting for jademaxsuy to respond but your answer is also welcome of course. If the other members who voted "I don't care about license as long as reputable" in the poll would reply to my questions above, I would appreciate that too.

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Quote from: CarnagexD on October 06, 2020, 02:55:57 PM

There's this comfortable feeling when you're playing in a licensed casino for example, you're not anxious even if you put a decent amount of money there and sleep for a day. This is why I prefer playing licensed ones than just only reputable ones, there's this huge different between these two. Running by the book will never get any wrong, but also everyone should not ignore the terms and conditions that may apply, it is very important to read and know.

Well, that is right but for me, you will only be using feed backs or reviews to see what are the opportunities of the site. But the legitimacy is something that you had to consider. Gambling is gambling, and in any way, --operators will always do their best to break the rules. So having a license is something that is the gambling industry's trying to avoid paying. Licenses for gambling are too much. And the government are taking advantage of these type of operators buy charging much more with tax.

FontSeli

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Quote from: wildan88 on October 06, 2020, 02:27:16 PM

Personally I feel more comfortable to provide documents for the KYC. if you have money or crypto, and have nothing to hide, then I do not see the problem with it.
When i gamble online, i also want to know who the casino is and if everything is legit.

I have nothing to hide either. When I go to a regular casino to play and they ask me for my passport at the entrance, I show it without any problems. Because I know who owns this casino. Besides, they don't photograph my passport.
Online casinos will never reveal information about the ultimate owners of the business. In addition, they or their dishonest employees can sell a scan of my passport on the dark market.
This is the reason why I don't want to pass KYC verification.

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Quote from: wildan88 on October 06, 2020, 02:27:16 PM

Quote from: FontSeli on October 06, 2020, 12:23:27 PM

Quote from: Debonaire217 on October 06, 2020, 12:23:29 AM

Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

Taxes do not depend on whether you play at a licensed casino or not. Here everyone decides whether to pay taxes or not. There are also countries where there are serious tax breaks on income earned in casinos.
The main thing is to avoid the casino where you are required to pass the KYC.

Personally I feel more comfortable to provide documents for the KYC. if you have money or crypto, and have nothing to hide, then I do not see the problem with it.
When i gamble online, i also want to know who the casino is and if everything is legit.

Some people arent really that too keen on sharing off their identity or documentation online yet they do have that common line on "you havent something to be hidden."

Yeah its right for some point but only a few can really take up the risk because it doesnt really just matter on what have you done because these documents can really be used up in other purpose
which would really might be tagging up your name into some problems in the future.This is why its really out of my vocalbulary when it comes to KYC thing.

For License then it doesnt really count that much because people will just stick out to reputable ones neither they are licensed or not.As long it had been played by lots of people
which it signifies that it is a good one.

CarnagexD

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There's this comfortable feeling when you're playing in a licensed casino for example, you're not anxious even if you put a decent amount of money there and sleep for a day. This is why I prefer playing licensed ones than just only reputable ones, there's this huge different between these two. Running by the book will never get any wrong, but also everyone should not ignore the terms and conditions that may apply, it is very important to read and know.

DoublerHunter

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^ Most of the online gambling sites are Offshore Gaming Operators. And definitely right, that not everyone is a gambling company is registered. But this is not a new story. However, even traditional gambling platforms are not duly registered when they operate.
Reviews are not so necessary to consider when looking for a legitimate gambling site, it's more of a personal experience. Reviews are being easily manipulated. Creating dummies that will provide 5 start feedbacks is easy especially here.

wildan88

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Quote from: FontSeli on October 06, 2020, 12:23:27 PM

Quote from: Debonaire217 on October 06, 2020, 12:23:29 AM

Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

Taxes do not depend on whether you play at a licensed casino or not. Here everyone decides whether to pay taxes or not. There are also countries where there are serious tax breaks on income earned in casinos.
The main thing is to avoid the casino where you are required to pass the KYC.

Personally I feel more comfortable to provide documents for the KYC. if you have money or crypto, and have nothing to hide, then I do not see the problem with it.
When i gamble online, i also want to know who the casino is and if everything is legit.

FontSeli

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Activity: 1232

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Quote from: Debonaire217 on October 06, 2020, 12:23:29 AM

Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

Taxes do not depend on whether you play at a licensed casino or not. Here everyone decides whether to pay taxes or not. There are also countries where there are serious tax breaks on income earned in casinos.
The main thing is to avoid the casino where you are required to pass the KYC.

pawanjain

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Quote from: Yogee on September 30, 2020, 11:34:46 PM

One thing many pro and casual gamblers like us always look for is whether the online casino is licensed or not but do we care where it was registered?

I noticed many online fiat or crypto casinos are registered under the Government of Curacao and I've read they're shady regulators. They accept casinos that will host fake games or casinos that will accept players from supposedly restricted countries.

Questions:
1. As a gambler, how do you gauge the legitimacy of a Curacao registered online casino or in other jurisdiction with zero or little regulation?
2. Is it enough that they offer provably fair games?
3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?

.......

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

It actually depends from person to person whether the license matters to them or not. Most of the times if the gambling is reputed enough then it's sufficient for the gambler to sign up and start gambling on that site. Gamblers generally don't look at the license but yeah they do look if the site has proper provably fair system implemented or not. Nowadays many sites already have verfiers present to check if they have provably fair correctly implemented or not.

bitcoin31

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License is very impoetant to the business or for the gambling just like in online gambling many of them are not license or not registered to their specific country. Im playing to the online gambling here even does not online but it's good if they going to get a license so many players will trust . I don't know about legality of having gambling in the country of curacao if they really needed to have permt but for sure there is no government tolorate without license.

Jating

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Quote from: Yogee on October 05, 2020, 11:39:50 PM

Quote from: jademaxsuy on October 05, 2020, 11:00:53 PM

License is not an issue especially on online gaming platform as long as all users are satisfy with the service probably fast and fare kind of service. No way there is a need to have a license to make a good gambling platform. License is just an agreement paper to mandate the gambling casino to perform its duties and responsibilities to its clients or users and if they can't met the said service they can get fine. This is not really needed and therefore gambling platform should always consider good service in their platform to avoid getting bad reputations from the gamblers or its users.

Let's say for example, you decided to deposit $1,000 in casino Y since it is hailed by many online gamblers as reputable. One day, while your money is still in the casino, authorities seized the platform including the wallets they control because it was found out that it is operating illegally. What would you do? Will you file a claim to the authorities and make an excuse that you didn't think gambling license is needed?

If I may answer, yes, you can file a claim, but I will say this is futile and consider my money as a 'gambling lost' already. That's why it's really important to check the legitimacy of an online casino and prefer to play on a platform that has been established themselves.

As for new those new casino's trying to make a name for themselves, you can see if the people behind are really that serious by the way they answered questions from gamblers or if they really have the license to operate in the first place.

Debonaire217

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Actually there are some gambling casinos that stays decentralized and not having any licensed at all but they run smoothly and people trust them. That is because of them providing good service to people, and with the platform utilizing provably fair games which makes each game reputable since you can verify your bets and the outcome of each games.

But in terms of licensed casinos, you are most likely spending more here since you also need to comply with taxes.

Yogee

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Quote from: jademaxsuy on October 05, 2020, 11:00:53 PM

License is not an issue especially on online gaming platform as long as all users are satisfy with the service probably fast and fare kind of service. No way there is a need to have a license to make a good gambling platform. License is just an agreement paper to mandate the gambling casino to perform its duties and responsibilities to its clients or users and if they can't met the said service they can get fine. This is not really needed and therefore gambling platform should always consider good service in their platform to avoid getting bad reputations from the gamblers or its users.

Let's say for example, you decided to deposit $1,000 in casino Y since it is hailed by many online gamblers as reputable. One day, while your money is still in the casino, authorities seized the platform including the wallets they control because it was found out that it is operating illegally. What would you do? Will you file a claim to the authorities and make an excuse that you didn't think gambling license is needed?

Or are you just saying all the letters in bold since you don't actually gamble online?

jademaxsuy

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License is not an issue especially on online gaming platform as long as all users are satisfy with the service probably fast and fare kind of service. No way there is a need to have a license to make a good gambling platform. License is just an agreement paper to mandate the gambling casino to perform its duties and responsibilities to its clients or users and if they can't met the said service they can get fine. This is not really needed and therefore gambling platform should always consider good service in their platform to avoid getting bad reputations from the gamblers or its users.

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Quote from: Lorence.xD on October 05, 2020, 08:43:47 PM

They are registered in tax havens unfortunately, we can't do much because most tax haven get their profit from becoming a haven for shady business, this is a useful for tax evaders and scammers because their identity are fabricated. If we update our regulation regarding this cases because there are a lot of people who are tax evading under the noses, remember Panama Papers where a lot of shell companies sprouted andwas connected to influential people.

It would hurt those people's feelings since the traditional of crypto gambling is to hide every identity when playing the only thing to accept is whether you are at the right age. Nowadays, we see much of the tax evaders using this opportunity to hide their wealth. Money laundering is a little bit complex, they're using those crypto gambling sites to evade some taxes. that's why most of the gambling site still have no license because they're gain may decrease if they going to get one. you can't really believe what these people can do with their money.

Topic: Gambling License - page 7. (Read 1618 times)