Gambling license | Bitcointalksearch.org

smyslov

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

Don't think or don't ever do that license is for those who applied for it, it's not something that you can rent, if you do that and your players find out you will lose your reputation and they will think that you are cheating them it's better to run your own gambling site without a license than renting out, you can always tell your people that you are working on it.

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Quote from: Fatunad on September 23, 2021, 04:51:56 PM

Quote from: Kyraishi on September 23, 2021, 04:46:22 PM

Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

Which jurisdiction are you under?

I think that if you are like most online casinos you want a favorable regulator that won't bat an eye, so your fastest option and cheapest will likely to be Caracao.

But that doesn't necessarily mean that you are able to market your product to everyone everywhere. You should still get legal advice and not look at bitcointalk replies as an indicator of what you should do.

Was supposed to say about legal advice because if you do tend to look over the replies on here then its clear that everything is unsure.Of course it would really be talking about on jurisdictions and related things.
You cant really just market out without knowing about limitations or something like that and also i dont really believe on someone would really be willingly for the license to be rented out?
Speaking with the hassle and other things then it would be better if you do mind on getting your own.

Yeah, just an easier process in general if you're willing to DYOR and get the license in your own name.

Even if you consult a professional on this matter, they're not going to give you a definitive answer because they want to save themselves the trouble of having to answer any complaints in the future.

OP doesn't seem to want to do that though but wants to instead rely on rando's opinions on the internet.

AicecreaME

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

I think this matter depends on what country you currently are in. Based on what I've read, the requirements needed in order to obtain a gambling license are almost the same with the requirements needed for banking activities. So if you already have an idea what are the things needed in doing banking activities, you should get it ready so that it will be less hassle on your part. In addition, it was also stated that it's needed to have an experience on financial related works so that the stability of the company/business will be assured.

Gambling license is needed to ensure the honesty, integrity, and transparency of the business. It is also needed for tax verification purposes and legality most of all.

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Quote from: oktana on October 05, 2021, 06:01:15 PM

Renting a license is illegal and will only put you through some hell that'll make you regret. Besides, which legit online gaming platform do you think will join you in executing such act? Because they'll likely be reputable too. What's best is for you to follow the procedure to get a license instead of trying to take shorter routes.

Didn't know that there's that kind of business, people renting their license is definitely a crazy ideaa and at the same time illegal since it's basically tampering and trying to cheat the government and you don't want to cheat on the government.

Truth is that no reliable company would rent their gambling license. Because if you think of it, you'll recognise that such transaction will put the company at risk. What if the license is used for fraudulent activities(which I even think is the purpose already.) or what if the government realizes and shuts down the company of those who rented out? With this considering, whoever that is looking to rent a gambling license will end up with a fake! Because no one wants trouble.

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Quote from: Saisher on October 07, 2021, 03:31:53 AM

There's no clarification on OP why he wants to rent instead of buying his own license, gamblers and authorities will eventually track and find out that you are renting your license and your gambling site will lose its reputation

No need for clarification and that's probably something that he'd like to use for his own purpose just like the usual casinos that owns a license. As he said in his second post, he's been misled by a friend and that last post of him was already a month ago.

Quote from: Saisher on October 07, 2021, 03:31:53 AM

like all the others I also recommend you to get your own license or don't get a license at all.

If he has the capacity then get his own.

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Quote from: Saisher on October 07, 2021, 03:31:53 AM

Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

There's no clarification on OP why he wants to rent instead of buying his own license, gamblers and authorities will eventually track and find out that you are renting your license and your gambling site will lose its reputation, like all the others I also recommend you to get your own license or don't get a license at all.

When he decides to rent a license, I can not imagine what will happen if the government or the authorities somehow found that he does not own a license for his gambling business. Maybe he can get punishment from them and can not run his business and the worst is he can get jail because of breaking their rules. So in this matter, I think he must have his own license to avoid that such thing and if he has his own license, he can run his business without worry if the government check on his business.

Saisher

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

There's no clarification on OP why he wants to rent instead of buying his own license, gamblers and authorities will eventually track and find out that you are renting your license and your gambling site will lose its reputation, like all the others I also recommend you to get your own license or don't get a license at all.

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

You can't lend a gambling licence.

You can apply for them in some questionable countries, but these don't really mean anything - people are just as unlikely/likely to trust you.

Establishing a good reputation is much more important than any licence that may look good.

RokokGudangGaram

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I'm not really sure how but most of the sites have Malta, Curacao and Costa Rica I think you need to register first your business and I think there's lot of legal things you need to do in order to have a license but one thing I'm sure, you need some money in order to have a license. It's nice that you want to go all in legal and right way before opening a gambling website some projects opened up their gambling site first before settling their license.

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Quote from: maju69 on October 06, 2021, 10:25:15 AM

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Quote from: oktana on October 05, 2021, 06:01:15 PM

Renting a license is illegal and will only put you through some hell that'll make you regret. Besides, which legit online gaming platform do you think will join you in executing such act? Because they'll likely be reputable too. What's best is for you to follow the procedure to get a license instead of trying to take shorter routes.

Didn't know that there's that kind of business, people renting their license is definitely a crazy ideaa and at the same time illegal since it's basically tampering and trying to cheat the government and you don't want to cheat on the government.

From the very beginning, the act of leasing a license had a purpose for fraudulent activities, because reputation was accounted for in this regard. There are still a lot of casinos that don't currently have a license but they're doing pretty well and gradually getting licensed over time they've reached it. If the casino owner really wants their site to last it will need a private license. However, renting a gambling license is not a good way to introduce casinos to gamblers. This clearly violates the gambling code of ethics.

Why would anybody want to rent a license ? It's like giving your private key to someone and else and expecting that they won't steal your funds.
While they can keep it safe but the chances of taking advantage are quite high. So even if they rent licenses then it would do more harm to them than good.

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Quote from: oktana on October 05, 2021, 06:01:15 PM

Renting a license is illegal and will only put you through some hell that'll make you regret. Besides, which legit online gaming platform do you think will join you in executing such act? Because they'll likely be reputable too. What's best is for you to follow the procedure to get a license instead of trying to take shorter routes.

Didn't know that there's that kind of business, people renting their license is definitely a crazy ideaa and at the same time illegal since it's basically tampering and trying to cheat the government and you don't want to cheat on the government.

From the very beginning, the act of leasing a license had a purpose for fraudulent activities, because reputation was accounted for in this regard. There are still a lot of casinos that don't currently have a license but they're doing pretty well and gradually getting licensed over time they've reached it. If the casino owner really wants their site to last it will need a private license. However, renting a gambling license is not a good way to introduce casinos to gamblers. This clearly violates the gambling code of ethics.

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and trying to cheat the government and you don't want to cheat on the government.

Well, most businesses do tax evasion or simply not exactly paying their tax to the government's internal revenue departments, and other illegal activities are common in businesses. Simply to have more profit than paying/sharing their profit with the government (as tax), same like renting gambling license.

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

Gamblers will not trust you if you are renting a license because it's not your name on it and you do not represent the name that is on the license, if the cost is just the same then buy your own license, you have to trust your brand, people might think that you have a hidden agenda if you not buying your own and you are renting a license.

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

Well, even though renting a gambling license is possible, i still think it's better to get your own license as this will not only save you a lot of money and stress, it will make you your own boss, you won't have to answer to anyone incase in the future, your business suffers a hit which for example, caused a delay in raising money to pay for your rented license, you have peace of mind knowing fully well that you are in control, have your own license also makes your gambling site much more trustworthy to clients than when you operate with a rented license.

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Quote from: fortunecrypto on October 05, 2021, 07:27:52 PM

Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

I think what you mean is getting your own license it's illegal to use a gambling license that is not under your name especially to a gambling site, people will consider you as a cheater because you are using other site's right to gamble, you should get it under your name and gamblers will not trust you

Besides that, gambling is a business that needs trust from other people who come to our sites.
If we can have our own license and prove to them that we are a legal gambling site, they will trust us and stay for some time and if they feel comfortable playing many gambling games on our site, that will depend on how we can give them the best services.
More services with the best service will make them feel good and not want to move to the other site.
With the license, we can also gain reputations among the other gambling sites and who knows, we can be at the top of the gambling site shortly.

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

I think what you mean is getting your own license it's illegal to use a gambling license that is not under your name especially to a gambling site, people will consider you as a cheater because you are using other site's right to gamble, you should get it under your name and gamblers will not trust you

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Quote from: ukgoldhawk on September 22, 2021, 07:23:33 AM

Quote from: Kong Hey Pakboy on September 22, 2021, 01:05:44 AM

Quote from: rohang on September 21, 2021, 08:59:04 PM

It makes 0 sense for anyone to lend such a license

Exactly, lending a license is illegal if I recall because that means that you're trying to impersonate another business in favor of your business so it can operate normally. Any form of evasion to register a license is illegal right?

Depends on the regulation agency and how they "share" the license, it's not necessary illegal.
Under the same license there can be different trading names/websites, if he registers as a trading name under the license and acts within the guideline, then he is not breaking any rule.
It's in a grey area, but as long as he doesn't break any rule then there's not much the agency can do.

I believe the best approach here is just to purchase gambling license rather than rent it. There's no real advantage of renting one but you will just create a headache. You will only go to the route of renting if you plan to get out early, so more than likely the OP is not after for long-term duration of business. After reading all those suggestions, I hope the OP made up his mind regarding this matter.

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Quote

What's the best way to do so?

Renting a license is illegal and will only put you through some hell that'll make you regret. Besides, which legit online gaming platform do you think will join you in executing such act? Because they'll likely be reputable too. What's best is for you to follow the procedure to get a license instead of trying to take shorter routes.

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Quote from: Kyraishi on September 23, 2021, 04:46:22 PM

Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

Which jurisdiction are you under?

I think that if you are like most online casinos you want a favorable regulator that won't bat an eye, so your fastest option and cheapest will likely to be Caracao.

But that doesn't necessarily mean that you are able to market your product to everyone everywhere. You should still get legal advice and not look at bitcointalk replies as an indicator of what you should do.

Was supposed to say about legal advice because if you do tend to look over the replies on here then its clear that everything is unsure.Of course it would really be talking about on jurisdictions and related things.
You cant really just market out without knowing about limitations or something like that and also i dont really believe on someone would really be willingly for the license to be rented out?
Speaking with the hassle and other things then it would be better if you do mind on getting your own.

Kyraishi

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Quote from: JoeySan69 on September 09, 2021, 12:49:13 PM

Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?

Which jurisdiction are you under?

I think that if you are like most online casinos you want a favorable regulator that won't bat an eye, so your fastest option and cheapest will likely to be Caracao.

But that doesn't necessarily mean that you are able to market your product to everyone everywhere. You should still get legal advice and not look at bitcointalk replies as an indicator of what you should do.

Topic: Gambling license (Read 744 times)