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Topic: Gambling License - page 8. (Read 1609 times)

legendary
Activity: 1862
Merit: 1015
October 05, 2020, 10:46:38 PM
#91
Legitimate casinos cannot only be seen from the license they have, because sometimes casinos that have license may be scam,
so to see the casino is legitimate is when the community is actively playing there,
it's just that always be careful if suddenly the casino closes suddenly, make sure your funds are not stored there....
sr. member
Activity: 2618
Merit: 439
October 05, 2020, 09:45:30 PM
#90
For me I prefer both as long as I know it's safe the Licensed gambling site might be able to ask KYC but we all know that they are regulated and it is necessary to pass such documents for their safety and the safety of he players in regards with the unlicensed casino as long as they've earned reputation from the community but for the new casinos it's not worth trying out but you only play with the money you can afford to lose.
What do you mean about that"Preferring Both"? is that you are Ok without license or with license ?
i think it depends on the gambling site if they are legitimate and secured even without licenses ,because if the site is just a newly created then the story may change because the chance of being scammed is there.

But me?i prefer old site,though i tried newly open site but with limits in betting and time of playing.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
October 05, 2020, 09:43:47 PM
#89
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.
hero member
Activity: 2002
Merit: 578
October 05, 2020, 09:10:53 PM
#88
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?
As my previous response it really makes a difference if a gambling site has license hence not that high or of high standards because if people knew there was a license in the first place as it's online on every transactions then they may be at peace because they have assurance where they can sue if comes a time the site pull the rug.

If there's a gambling licence of a gambling site or an online casino and it's on high standards pretty sure it is fair, has security and safety of the gamblers and you'll experience the best service they have to offer like online support on customer service.
hero member
Activity: 1218
Merit: 858
October 05, 2020, 07:57:07 PM
#87
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?

Of course, I would like the casino to be checked by authorized persons and issued a license if everything is fair there.
However, this license is not as important as the honest reputation of the casino, which is developed over the years.
Also, for crypto casinos that make games in the blockchain and have the ability to check each bet, the license is absolutely unimportant.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
October 05, 2020, 07:22:35 PM
#86
snip..
It's simply that the license listed will calm the concerns of gamblers because what is needed by gamblers is a sense of comfort so that when gambling they are not afraid of their funds taken away.  I have no problem with where the gambling site's license comes from, as long as they list their license it makes me feel safe (despite all the bad possibilities that could happen in the future).. 

License coming from Curacao or UK or Malta will give you comfort as it means they are serious in putting up their gambling site. But for new casinos, it is ok for me that they don't have their gambling license yet but you need to be careful in depositing large amounts of money. If you want to play with them, try with small amounts. There are so many casinos that are substandard and also look for feedback or their trust summary, if they have account here. It will help you assess if the casino is worth playing with.
The license from the UK has other disadvantages too, for example, remember the Epayments case. Epayments was not a gambling platform, and the transfers from/to gambling websites were strictly prohibited due to the UK license requirements but this company has been closed since April. Who guarantees a similar situation will not happen for gambling platforms too?
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
October 05, 2020, 05:45:31 PM
#85
snip..
It's simply that the license listed will calm the concerns of gamblers because what is needed by gamblers is a sense of comfort so that when gambling they are not afraid of their funds taken away.  I have no problem with where the gambling site's license comes from, as long as they list their license it makes me feel safe (despite all the bad possibilities that could happen in the future).. 

License coming from Curacao or UK or Malta will give you comfort as it means they are serious in putting up their gambling site. But for new casinos, it is ok for me that they don't have their gambling license yet but you need to be careful in depositing large amounts of money. If you want to play with them, try with small amounts. There are so many casinos that are substandard and also look for feedback or their trust summary, if they have account here. It will help you assess if the casino is worth playing with.
hero member
Activity: 2562
Merit: 659
CoinPoker.com
October 05, 2020, 05:36:38 PM
#84
For me I prefer both as long as I know it's safe the Licensed gambling site might be able to ask KYC but we all know that they are regulated and it is necessary to pass such documents for their safety and the safety of he players in regards with the unlicensed casino as long as they've earned reputation from the community but for the new casinos it's not worth trying out but you only play with the money you can afford to lose.
New casinos will need to have games that are new and interesting to be able to have loyal customers as there are already too many popular gambling sites, for other to risk on their sites they should be liscensed so it lessen the risk of those who want to try their casino as much as possible no KYC if only few bucks or dollars will be deposited. Maybe KYC only when theres a certain amount reach to deposit or withdraw like what other casino or exchanges have.
full member
Activity: 1414
Merit: 228
Omicron is another FUD
October 05, 2020, 05:27:38 PM
#83
snip..
It's simply that the license listed will calm the concerns of gamblers because what is needed by gamblers is a sense of comfort so that when gambling they are not afraid of their funds taken away.  I have no problem with where the gambling site's license comes from, as long as they list their license it makes me feel safe (despite all the bad possibilities that could happen in the future).. 
hero member
Activity: 2702
Merit: 704
October 05, 2020, 03:32:45 PM
#82

If it doesn't have a scam accusation here in bitcointalk and their trust isn't red, I think its enough reason to test the casino. The users in the forum normally say something when they feel they are being cheated by the casino and if they do have proof they will provide it. And then active DTs will investigate a bit and when they find it authentic, it becomes a valid proof that will reflect to its reputation.

New casino doesn't mean dubious casino but it help if they have license to build reputation.
It is natural that people are nervous about playing in new casinos, this is because they understand very well that once your coins are not in your wallet you depend entirely on the casino to give you back your coins, and as we know there are many scams going around in the market of cryptocurrencies so a gambling license can be enough for some people to take a risk and gamble there.

However I agree that the most important thing is the reputation the casino accumulates over the time it is on business and without a doubt the best place to find that information is this forum as all scam accusations will be taken seriously by DT members and if there is something wrong you can be sure the casino will be red tagged and then everyone will know they are not to be trusted with your money.
hero member
Activity: 1932
Merit: 504
October 05, 2020, 03:18:04 PM
#81
For me I prefer both as long as I know it's safe the Licensed gambling site might be able to ask KYC but we all know that they are regulated and it is necessary to pass such documents for their safety and the safety of he players in regards with the unlicensed casino as long as they've earned reputation from the community but for the new casinos it's not worth trying out but you only play with the money you can afford to lose.
hero member
Activity: 2002
Merit: 578
October 05, 2020, 07:14:31 AM
#80
For me the license is not very important in choosing a gambling site, even some of the gambling sites that I have used, I never checked
whether it has a license or not. The most important thing is reputation and reviews, if these two things have been fulfilled, I do not hesitate
to play on that gambling site. But by using a small capital first, in case it turns out the gambling site is a scams. But so far I have always
been safe choosing gambling sites based on reputation and reviews.
Well, if the gambling site has license it still do make a difference since some gamblers prefer it that way but to those who have risk appetite I think it doesn't matter to them. Just an advice just don't put your money on gambling sites that you think that gonna pull the rug anytime.

It doesn't really matter to me on the licenses at all because if the casino was running good, active on answering the community and has good reputation on the space, I ought as well to trust them. Just really my advice not putting money on the site like when you log out pull it out especially if it's huge.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 05, 2020, 06:43:04 AM
#79
For me the license is not very important in choosing a gambling site, even some of the gambling sites that I have used, I never checked
whether it has a license or not. The most important thing is reputation and reviews, if these two things have been fulfilled, I do not hesitate
to play on that gambling site. But by using a small capital first, in case it turns out the gambling site is a scams. But so far I have always
been safe choosing gambling sites based on reputation and reviews.

I am sure the license will help the casino gain trust from the members as they can show the license to them if they doubt if the casino is illegal. But not many gamblers will check the legal or illegal of the casino because many of them are only want to play gambling without thinking about the legality. If the casino can have a license, they will try to serve their members better, and the casino will help the gamblers who have a problem and fix it as soon as possible, so their members will not disappoint. That is related to their reputations among the other casino, so they need to get more trust from the members.

Choosing the gambling sites based on the reputations will help us avoid the scam because we don't have to worry if the sites we used will scam us.
hero member
Activity: 2828
Merit: 673
Play Bitcoin PVP Prediction Game
October 05, 2020, 06:41:39 AM
#78
Actually I don't quite sure how the other users check new casinos but for me reputation is the number one even the casino is not licensed as long as its reputation is good and games are fair then there's no problem with it just like in the case of yolodice who's been around for a long time but doesn't have license.
I think that's mostly what people checked on a casino now, they check on the reputation rather than the license. Believe me, if we compare a casino that has an ANN thread in bitcoin, one has a license but such user has red tag and the other has no license with positive trust, I believe people would choose those who have a good reputation, just my 2 cents though.

Actually license or not if they will turn scam the output will be the same so I'd rather go to the casino which have long time reputation holds and give a quality services with series of promotions rather than spending my cents on the license one which doesn't have any appealing things to convince me to play at them.

But I believe license is so important but for sure gamblers will play if they like the site since we are risk takers on our own ways.

Definitely this long term casinos will seek for license to protect their future from any legal problems.  There's a big difference from casinos which has a good reputation and has a license and those who has a good reputation but does not have a license as most people would prefer casinos with license and with good reputation. For legality purposes, license is already a must now, casinos has to ensure so avoid headaches in the operation, you know when a casino does not have a license, anytime they could be ordered to stop operation and money will be confiscated by the authorities.
hero member
Activity: 1372
Merit: 564
October 05, 2020, 06:23:32 AM
#77


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?

This is a plus factor, but on top of this we want to see a gambling site with good reputation accumulated overtime, reputation is still everything, I have so many projects even outside of the gambling where the project is fully compliant and with a known team behind them but they still run away with investor's money.

Indeed an attractive factor for a gambling business is having its licensed. Gambling business is more attravtive when it was registered to a highest standard licensjng gambling country. This will give a big opportunity for a business to get more costumers and gamblers. And even i am going to join gambling i would also look for a good reputation of a gambling business or its reviews and profile befor i would going to engaged in it.
sr. member
Activity: 2618
Merit: 439
October 05, 2020, 03:05:33 AM
#76
Like all the other here I prefer reputation than a license, in fact many gambling casinos here operates without a gambling license and yet they are well supported and they are big here in the Crypto gambling, that's because of the reputation, they've established themselves in the community, many gamblers will not look for license but rather if the gambling site shows zero complain and if there are complaints they immediately address it.
i believe that becoming reputable needs also license mate,because legit gamblers will look for this first before engaging because they wanna make sure that if they win big at least they are sure of being paid or at least can go for their license banning if did not pay for the amount.
yeah we have so many gambling sites but i wanna make sure of license before playing thats my stand ever since i become a gambler.
full member
Activity: 1736
Merit: 116
October 05, 2020, 02:42:09 AM
#75
For me the license is not very important in choosing a gambling site, even some of the gambling sites that I have used, I never checked
whether it has a license or not. The most important thing is reputation and reviews, if these two things have been fulfilled, I do not hesitate
to play on that gambling site. But by using a small capital first, in case it turns out the gambling site is a scams. But so far I have always
been safe choosing gambling sites based on reputation and reviews.
sr. member
Activity: 1526
Merit: 412
October 05, 2020, 01:14:28 AM
#74
2. Is it enough that they offer provably fair games?
fair or not? Is it important? for the winners often, they will say it is fair, but for the losers more, they will say "not fair, really".
Whatever the condition, the house may have set a certain conditions where the players can win at a certain time and it must be a certain setting. Fair or not will depend on each casino because they may also have something to do in order to not to lose much money from their gamblers.
I think you are mistaking "house edge" with "provably fair". You can search the meaning and the difference on the internet.

Like all the other here I prefer reputation than a license, in fact many gambling casinos here operates without a gambling license and yet they are well supported and they are big here in the Crypto gambling, that's because of the reputation, they've established themselves in the community, many gamblers will not look for license but rather if the gambling site shows zero complain and if there are complaints they immediately address it.
Can you name at least three of online casinos advertised here without a gambling license? I'm expecting an answer from you.

......

It seems the number of people who doesn't care about license is increasing based on the comments alone. I have added a poll to this topic, please respond. I wish I've done that from the start hehe.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
October 04, 2020, 11:36:42 PM
#73
Like all the other here I prefer reputation than a license, in fact many gambling casinos here operates without a gambling license and yet they are well supported and they are big here in the Crypto gambling, that's because of the reputation, they've established themselves in the community, many gamblers will not look for license but rather if the gambling site shows zero complain and if there are complaints they immediately address it.
sometimes it doesnt matter if the site has licence or what but the important thing is that the site is legit and not having bad reputation.
but of course it must be a long running here already (though it is very risky if you win very huge because they can just run since they have no licence to lose)
Actually I don't quite sure how the other users check new casinos but for me reputation is the number one even the casino is not licensed as long as its reputation is good and games are fair then there's no problem with it just like in the case of yolodice who's been around for a long time but doesn't have license.
of course they must be reputable but the thing is what about winning a million dollar?do you think they will pay or run?
hero member
Activity: 2548
Merit: 666
I don't take loans, ask for sig if I ever do.
October 04, 2020, 08:24:28 PM
#72
Well, a license is just something like a first wall, or the first impression to a gambler, since a licensed casino would most likely offer fair games, so you'd mostly try them out first instead of unlicensed ones, right? Gamblers don't really have much of a problem playing in unlicensed casinos imo, as long as there's no issue with their winnings, then any would do. Provably fair is the most required characteristic when gambling, since, without it, no one would really even bother playing. Licensed or not, reputation is the first thing most people would go, especially if it's an old one. New ones with license provide you with the idea that it's fair, but without any reputation to back it up, only a select few would even bother going for it.

As for new casinos, there are a lot of people that review them, not just in forums. A simple proof would be the countless amount of casino review sites out there, so if there's a new casino, wait it out for 2 weeks or so, then start looking up reviews. It should have more than enough info for you to judge for.
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