Gambling license - page 3. | Bitcointalksearch.org

sunsilk

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Quote from: RokokGudangGaram on September 15, 2021, 07:59:02 AM

Quote from: tulusikhlas on September 13, 2021, 01:37:08 PM

I think the OP should know that licenses are like diplomas that every casino has a different rating. If it's just for rent it means like you said that maybe he just wants to make a live gamble one night and spend the gamblers' money and then leave. And who will blame the license owner where they have the same license. In the end, the accusation of fraud would obviously be very dangerous.

And of course, OP must also be aware of the responsibilities of acquiring such license, and if it is really allowed legally to rent such. I hope that what you guys speculated will not be the intention of OP.

I think that he's now enlightened that licenses are not for rent and he's not been online for a week and that he has understood that he shouldn't be doing what has been told him to do about renting gambling licenses.

With what tulusikhlas saying about gambling one night and spending gamblers money, there's a possibility that rented license can be exploited but I don't think that there's an owner that shall rent it anyway.

stomachgrowls

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Quote from: Lakai01 on September 15, 2021, 11:33:42 AM

Quote from: LUCKMCFLY on September 15, 2021, 10:12:13 AM

-snip- and if the owners have bad intentions it may be that when the license term expires they will cheat
-snip-

First of all, please add periods in your sentences next time, otherwise your posts are very (!) hard to read.

Back to the actual topic: I think it's the other way around. For someone who lends his license, the whole thing can end very negatively. By lending the license, you guarantee that the lender behaves legally and correctly. If the lender plays a bad game and scams e.g. his users, then this falls back on you.

As a business owner and does have a license then you arent really that dumb to think about those possibilities whenever the lender do make out some bullshit things then that would really be a big problem for you

thats why i dont see any possibilities in regards to this but i do have seen some of businesses though make out some or letting others could make use of those licenses but most of the time there would be some sort
of legal agreement depending on the terms.

Lakai01

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Quote from: LUCKMCFLY on September 15, 2021, 10:12:13 AM

-snip- and if the owners have bad intentions it may be that when the license term expires they will cheat
-snip-

First of all, please add periods in your sentences next time, otherwise your posts are very (!) hard to read.

Back to the actual topic: I think it's the other way around. For someone who lends his license, the whole thing can end very negatively. By lending the license, you guarantee that the lender behaves legally and correctly. If the lender plays a bad game and scams e.g. his users, then this falls back on you.

LUCKMCFLY

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Quote from: tulusikhlas on September 13, 2021, 01:37:08 PM

Quote from: AmoreJaz on September 12, 2021, 06:37:04 PM

Quote from: ReiMomo on September 12, 2021, 04:45:35 PM

Quote from: tulusikhlas on September 11, 2021, 03:14:18 PM

Is there an online gambling casino in your country that you can find? well you can find it in their license section where they get the license. Because usually this will be more compatible for your casino. rather than you renting it will look even more inappropriate. Broadly speaking, the license that other casinos use may not necessarily match the characteristics of your gambling.

Exactly and this is also very risky in your casino.
Renting a license is not a good idea at all, this is seems that you are cheating that way, and if you are renting a casino that dont have a good reputation the license will I guess revoke, I dont know if that is a correct term but I think something like that. I prefer to have my own license than renting by others if I were a casino owner. There are no possible issues ahead and you will not worried at all times.

renting i believe has more on cons side. so to avoid possible troubles in the future, better acquire one, even the curacao gaming license would do. at least, you can say, it is your own. we don't know the motive of the OP why he seemed to resort on renting. i hope he's not planning to set-up a fly-by-night gambling site here. Grin

also, if he can't afford yet. why not develop the casino and strengthen its presence. several long-running casinos here in the forum don't have their license yet. so it is not about the license but how about you manage things here.

I think the OP should know that licenses are like diplomas that every casino has a different rating. If it's just for rent it means like you said that maybe he just wants to make a live gamble one night and spend the gamblers' money and then leave. And who will blame the license owner where they have the same license. In the end, the accusation of fraud would obviously be very dangerous.

I think the same, that rented licenses is very rare, I do not know if there is some kind of casino like that, and excuse my ignorance, but the truth is I did not know that it existed, no offense, I think that it lends itself to being an all-inclusive scam , because you can be legal during the time of the license, and if the owners have bad intentions it may be that when the license term expires they will cheat, of course it is an example, I´m not saying it to offend, but I think the same, for me the Licenses are like those diplomas that no one can take away from you unless you do the wrong thing and lose it.

RokokGudangGaram

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Quote from: UserU on September 11, 2021, 10:59:26 AM

Quote from: RokokGudangGaram on September 11, 2021, 03:02:37 AM

I only know Curacao and Malta, that's the common license I see on the gambling site I think you can do a simple research on google on how would you be able to have a license with these options and I think you can visit their website, I really think they do have the requirement lists in order to have a gambling license. Are you planning to open up your own gambling website? It's good that you consider having a gambling license before opening your own gambling website.

There are others too like Gilbratar and Kahnawake, but they operate on more restrictions (i.e. their own regions). Depends on where the OP is from.

Thank you for that information. This just emphasize that OP must do some research regarding gambling license on their location.

Quote from: tulusikhlas on September 13, 2021, 01:37:08 PM

I think the OP should know that licenses are like diplomas that every casino has a different rating. If it's just for rent it means like you said that maybe he just wants to make a live gamble one night and spend the gamblers' money and then leave. And who will blame the license owner where they have the same license. In the end, the accusation of fraud would obviously be very dangerous.

And of course, OP must also be aware of the responsibilities of acquiring such license, and if it is really allowed legally to rent such. I hope that what you guys speculated will not be the intention of OP.

tulusikhlas

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Quote from: AmoreJaz on September 12, 2021, 06:37:04 PM

Quote from: ReiMomo on September 12, 2021, 04:45:35 PM

Quote from: tulusikhlas on September 11, 2021, 03:14:18 PM

Is there an online gambling casino in your country that you can find? well you can find it in their license section where they get the license. Because usually this will be more compatible for your casino. rather than you renting it will look even more inappropriate. Broadly speaking, the license that other casinos use may not necessarily match the characteristics of your gambling.

Exactly and this is also very risky in your casino.
Renting a license is not a good idea at all, this is seems that you are cheating that way, and if you are renting a casino that dont have a good reputation the license will I guess revoke, I dont know if that is a correct term but I think something like that. I prefer to have my own license than renting by others if I were a casino owner. There are no possible issues ahead and you will not worried at all times.

renting i believe has more on cons side. so to avoid possible troubles in the future, better acquire one, even the curacao gaming license would do. at least, you can say, it is your own. we don't know the motive of the OP why he seemed to resort on renting. i hope he's not planning to set-up a fly-by-night gambling site here. Grin

also, if he can't afford yet. why not develop the casino and strengthen its presence. several long-running casinos here in the forum don't have their license yet. so it is not about the license but how about you manage things here.

I think the OP should know that licenses are like diplomas that every casino has a different rating. If it's just for rent it means like you said that maybe he just wants to make a live gamble one night and spend the gamblers' money and then leave. And who will blame the license owner where they have the same license. In the end, the accusation of fraud would obviously be very dangerous.

fiulpro

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Quote from: JoeySan69 on September 09, 2021, 02:48:52 PM

Ok thanks, personally I was told that rental was also legal just don't know the procedure. Which is why I posed the question here. But I'll look into the legality of it more.

- If gambling is legal in your country you can go and register yourself online for the license, check the taxation in your country as well and remember that you will be paying a certain amount before you can even start.

It would also take a while and the license would be based somewhere else for sure. There are countries where these kinds of license can be used but the government allows only international ones due to local ban on gambling.

Therefore you have to research on this part first.
Curacao is definitely the mother of all licences.

Leasing one is stupid and unprofessional. Get one for your site after registering.

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Quote from: Beparanf on September 13, 2021, 10:44:48 AM

Quote from: JoeySan69 on September 09, 2021, 02:48:52 PM

Ok thanks, personally I was told that rental was also legal just don't know the procedure. Which is why I posed the question here. But I'll look into the legality of it more.

There's no such thing as rental license since it will breach the ToS of any licensing entity. Maybe you are pertaining to a temporary gambling license instead which you are allowed to operate within 30 to 60 days before they will require you to apply a full license. Whoever suggest you that there's a gambling license should provide a valid source to avoid being scammed by impersonator offering this kind of service.

Facts about temporary gambling license: https://www.gamblingcontrol.org/regulation-framework/a-temporary-egambling-licence/

When I first read about renting a temporary license, I thought about it because renting a license is unusual because licenses are registered by a specific company, and I believe renting your gambling platform's license is illegal. So, in my opinion, the correct term is a temporary license because, in order to obtain a permanent license, the owner must also follow the practices required for owning a gambling license. It's wrong to rent a license to some people out there without prior knowledge or training required for the license which is against the ToS.

Kittygalore

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I think this kind of thing should be inquired in your country because that's how it's supposed to be, you only get license in your country since you should be responsible for paying taxes since you're building a business. And it's not rental, you may renew it but it's not rental of some sort.

Beparanf

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Quote from: JoeySan69 on September 09, 2021, 02:48:52 PM

Ok thanks, personally I was told that rental was also legal just don't know the procedure. Which is why I posed the question here. But I'll look into the legality of it more.

There's no such thing as rental license since it will breach the ToS of any licensing entity. Maybe you are pertaining to a temporary gambling license instead which you are allowed to operate within 30 to 60 days before they will require you to apply a full license. Whoever suggest you that there's a gambling license should provide a valid source to avoid being scammed by impersonator offering this kind of service.

Facts about temporary gambling license: https://www.gamblingcontrol.org/regulation-framework/a-temporary-egambling-licence/

worle1bm

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Quote from: RealMalatesta on September 13, 2021, 01:42:42 AM

I know it's risky for players because the casino may scam in those cases but even today there are sites like 1xbit(scam) operating without any problems at all and I believe they have a license.

Owning a licence does not mean necessarily that the casino is not going to be scam one and the casino you are taking about 1xbit have Curacao license and the holder is 1X Corp N.V but still you see they have tons of scam accusations against them and running campaign on the forum as well but the responsibility comes upon you as a player to detect such scam sites and avoid them to major extent.

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How will the renting of a online casino even work? You as the owner of the casino has to open a Bank and merchant account to work with electronic payment system providers and to buy legal gaming content from 3rd party Slot providers. The gambling license are linked to your registered business account. Roll Eyes

OP, you might want to read this : https://www.gaminglicensing.com/news/the-types-of-online-casino-licenses/ to understand why sub "renting" is not a good idea for a casino. (The owner of the license might lose their license, if the person renting it... does not pay their winners or if the RTP is rigged)

RealMalatesta

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Quote from: Dragonfund on September 11, 2021, 11:30:44 PM

I'm not sure if such a thing exists. How do you intend to use a license that is not rightfully yours knowing that you will be rolling out an entirely new gambling except you plan to run similar gambling but even then, I thought financial reports were required by regulatory authorities to avoid unnecessary fraud, how do you intend to get around that?

Well, yeah technically you cannot rent a license. It's either issued to you or otherwise, it's not based on the requirements they want you to fulfill.

Quote from: Dragonfund on September 11, 2021, 11:30:44 PM

I haven't seen anyone, but it might have happened somewhere else in the world. You know, when you have a license, you get authority to operate by law, and that legislation governs your casino with limits to specific jurisdictions, so you don't want to go outside of where you're not allowed to operate.

Mostly I have seen USA players not allowed for most licenses but yeah there are always limitations.

I seriously miss the days when crypto based casinos were just operating without any licensing and shit. I know it's risky for players because the casino may scam in those cases but even today there are sites like 1xbit(scam) operating without any problems at all and I believe they have a license.

goinmerry

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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?

Curacao gaming license seems to be the most easiest and convenient way to have a license.

As long you meet the necessary requirements, obviously, the process will be smooth. Maybe the first thing to do is to check the requirements as getting a license is not that easy to be granted if you are lacking in it. It's just the same as how you register your business.

You can check their website or some related articles on how to.

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Quote from: ReiMomo on September 12, 2021, 04:45:35 PM

Quote from: tulusikhlas on September 11, 2021, 03:14:18 PM

Is there an online gambling casino in your country that you can find? well you can find it in their license section where they get the license. Because usually this will be more compatible for your casino. rather than you renting it will look even more inappropriate. Broadly speaking, the license that other casinos use may not necessarily match the characteristics of your gambling.

Exactly and this is also very risky in your casino.
Renting a license is not a good idea at all, this is seems that you are cheating that way, and if you are renting a casino that dont have a good reputation the license will I guess revoke, I dont know if that is a correct term but I think something like that. I prefer to have my own license than renting by others if I were a casino owner. There are no possible issues ahead and you will not worried at all times.

renting i believe has more on cons side. so to avoid possible troubles in the future, better acquire one, even the curacao gaming license would do. at least, you can say, it is your own. we don't know the motive of the OP why he seemed to resort on renting. i hope he's not planning to set-up a fly-by-night gambling site here. Grin

also, if he can't afford yet. why not develop the casino and strengthen its presence. several long-running casinos here in the forum don't have their license yet. so it is not about the license but how about you manage things here.

robelneo

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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 don't know if you really mean rent or obtain a license for your casino business you cannot rent a gambling license from an existing license holder each casino has its own license named for their casino, it's specific, but if you are looking to get one here is a guideline that you can follow
Everything you need to know about obtaining a gambling license are all here

https://lawstrust.com/en/licence/gambling

ReiMomo

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Quote from: tulusikhlas on September 11, 2021, 03:14:18 PM

Is there an online gambling casino in your country that you can find? well you can find it in their license section where they get the license. Because usually this will be more compatible for your casino. rather than you renting it will look even more inappropriate. Broadly speaking, the license that other casinos use may not necessarily match the characteristics of your gambling.

Exactly and this is also very risky in your casino.
Renting a license is not a good idea at all, this is seems that you are cheating that way, and if you are renting a casino that dont have a good reputation the license will I guess revoke, I dont know if that is a correct term but I think something like that. I prefer to have my own license than renting by others if I were a casino owner. There are no possible issues ahead and you will not worried at all times.

tygeade

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As far as gambling licenses go, I think the curacao gambling license is most easily available and has all the terms in the favor of the casino. I somewhere heard that the license allows the casino to handle the customer complaints of its own and the license provider won't interfere at all. And talking of the benefits of such a license for the gambling house, there is some relaxation on the taxes as well, if you operate virtually or something like that.

Almost all the crypto casinos have their license from the same provider and there must be a good reason for that.

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Quote from: DoublerHunter on September 11, 2021, 01:36:45 PM

Quote from: Eureka_07 on September 11, 2021, 11:56:37 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?

This is the first time I've read something about renting a legit online gambling license. You, as a potential owner of a new online casino that uses other's gambling license, do you think renting it would be worth it in the long run? I mean, is it fine to do that? Why don't you want to just process your own license to operate our online casino? That would be better I guess.

^ Not unless if OP wants to run business in a short period of time and make shady business in just a short period of time, I have a sense that this is the way how they will make fraudulent action. Gamblers may think that the casino has a license that is legit and they don't check if the gambling license has come from a real owner. The seller of a gambling license could be at risk too, we don't know if oneday, they will ban this kind of service but there is no permanent hack result.

I guess so. If the OP wanted to be a reputable casino, he wouldn't even think of his company to have a fake gambling licence to operate. He wanted also to be anonymous (assumingly) since it's all like that. I wouldn't play on a casino that faked it's credibility. I wouldn't even trust it at all and never play there.

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Quote from: bL4nkcode on September 09, 2021, 02:13:56 PM

Basically, it's on what country where you base for your business if you want to get a business license together with the gambling license.

I just don't exactly know if there's something renting business license for gambling, if there is probably it's an illegal to start with (correct me if I'm wrong though).

There are many countries where gambling is legal. I think OP wants a license for his gambling platform for getting credibility, and I don't think you can get any license on rent anywhere in the world. Getting license means fulfilling certain conditions. Here are guidelines for getting gambling license in UK, Gambling licence information, guidance and advice for businesses and individuals.

Topic: Gambling license - page 3. (Read 744 times)