Gambling license - page 4. | Bitcointalksearch.org

worle1bm

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Quote from: davis196 on September 12, 2021, 01:23:24 AM

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).

I'm not an expert,but here's my 2 cents.
Most crypto casinos have gambling licenses from Curacao,but they operate globally and have customers from all around the world.I don't think that those crypto casinos are based in Curacao,their owners,developers and employees aren't from Curacao for sure.The servers of those crypto casinos most likely aren't located in Curacao as well.They just buy a gambling license from Curacao,because it's cheaper and easier to get and
there are less restrictions in the license.
Basically renting and/or selling a gambling license should be considered illegal,but I'm not aware of the gambling regulations in offshore jurisdictions like Curacao or Malta.

You are right th casino operators usually have a license from the Curacao and registered themselves but they can operate anywhere and don't need to have any specific location.They go for the Curacao license because it's cheap and it is needed to show it's legitimacy in the market and gave trust to the users that funds will be safe of users.But you can see most of the crypto casinos coming in the market are now having the same license.

Quote

Nevertheless, the main reason is great licensing conditions and affordable cost. The Curacao licence will cost you

21,900 EUR per year + 6% sales tax. The renewal of the license is priced at €21,900 per year + 6% sales tax. . However, for that price, you will will get at least:

Professional consultation
The gaming licence itself
Control over complying with licensing requirements
Two domains and one validator

Source here for more information: Curacao license

davis196

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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).

I'm not an expert,but here's my 2 cents.
Most crypto casinos have gambling licenses from Curacao,but they operate globally and have customers from all around the world.I don't think that those crypto casinos are based in Curacao,their owners,developers and employees aren't from Curacao for sure.The servers of those crypto casinos most likely aren't located in Curacao as well.They just buy a gambling license from Curacao,because it's cheaper and easier to get and
there are less restrictions in the license.
Basically renting and/or selling a gambling license should be considered illegal,but I'm not aware of the gambling regulations in offshore jurisdictions like Curacao or Malta.

Dragonfund

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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?
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.

tulusikhlas

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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.

notblox1

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You can't rent a betting license, you can only purchase on and most casinos and betting websites are using Curacao betting license because it is the cheapest option.
Other options are license from Costa Rica and Montenegro but you can't find that on bitcointalk forum.
You can find some explanation about them on this website:
https://www.gamblingsites.org/laws/

DoublerHunter

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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.

palle11

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I think renting can only be legit to the extent that the agreement of duration of use elapse or last. That means after expiration, you start another process of trying to go into renting again and maybe at that point in time, you may not be lucky as fast as possible to get a renewer from the old lesser or a new one entirely. Then you can stand the risk of losing your business. Have you not considered these pros and cons of lease and acquiring a license direct especially if you intend to stay in the market longer.

Eureka_07

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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?

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.

UserU

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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.

aioc

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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?

If you are a newbie looking to launch a gambling site but don't know the procedure on how to rent an online gambling license go check this article, I don't recommend the service or the company because I don't know how legit they are just do your research when hiring a service but they do have sound advice on how to start a gamblign and all you need to know about getting a license

HOW TO START AN ONLINE GAMBLING BUSINESS QUICKLY: GAMINATOR EXPERT ANSWERS

RokokGudangGaram

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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.

avikz

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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?

As per the article below, it seems that sub licensing is legal and possible. Read below,

Quote

Who issues Curacao sublicenses?
The Justice Minister of Curacao has sole discretion in granting online gambling Licences, which are issued by the Governor-General of Curacao. Since 1996 there have been four Master Licences awarded; respective holders are:

Cyberluck Curacao N.V. (Curacao-eGaming) #1668/JAZ
Gaming Curacao (GC) #365/JAZ
Curacao Interactive Licensing N.V. (CIL) #5536/JAZ
Antillephone NV #8048/JAZ

A Master Licence holder may grant Sublicences to online casinos and other gambling sites. Sublicensees are entitled to the full privileges granted to the Master Licence holder, with the exception that they may not issue Sublicences of their own. A single Licence covers all games of skill, chance, and wagering as well as all related peripheral activities such as software providers, service providers, network operators, platform operators, affiliates, marketers, and white-label operators.

Link: https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/

So try to get in touch with anyone of them and get the ball rolling.

acroman08

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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.

would you mind updating us on what you find? I am curious, I've never heard about renting a gambling license. I tried looking up regarding the procedure or legality of it but I came up with nothing(or maybe I just missed it).

Quote from: tz on September 09, 2021, 05:24:30 PM

Getting a license doesn't necessarily mean that you have the power to serve every country in the world though. Take that in mind.

yeah, but it does allow you to legally operate and service the citizens where the license is accepted.

sunsilk

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Quote from: TimeTeller on September 09, 2021, 05:26:50 PM

As others have said already, why rent if you can get one?
You may never know also what will be the arrangements of your third party provider that he will ask of you later on.

He said that someone tipped him that he can just rent a license. Like the others, it's our first time to see someone asked that and whoever told him that there's such thing in existence. We don't know if he actually did it on his own.

But at least OP have already got everyone's answer that he's going to research more about its legality. I guess the thread should be closed already.

TimeTeller

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Quote from: nakamura12 on September 09, 2021, 05:09:47 PM

Quote from: DoublerHunter on September 09, 2021, 04:51:20 PM

^ Definitely you are right and it should must your license, not on other names.
I suggest to OP to read this article on how to get an online gambling business license, there is no need to rent if you can afford to get your own.
https://meliorgames.com/gambling/online-gambling-license-how-to-get-it/. And I also suggest getting your own lawyer for this and understand first the jurisdiction in your country or in any offshore country that you may choose because they had different rules and laws.

If I were op, I would do what you said and don't have to worry about the cost as when the gambling platform attracts gamblers then the amount of money spent to acquire gambling license and other expenses will be deducted from profit (house edge) as long as the platform survive and stay legit. There is a thread where op is about a gambling site having a domain that is expire and even bought a domain didn't get much attention.

It is better to acquire your own, but we don't know the motive of the OP here.
I hope, he is not looking in this business as short-term venture.
If he is not ready to accommodate all the aspects needed to set-up a gambling site with solid foundation, better not start at all.

Quote from: tz on September 09, 2021, 05:24:30 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?

You have to look to the regulators for this advice based on the jurisdiction you are trying to apply from.

Curacao and Panama seem to be two very popular destinations for online casinos to gain licenses from. From what I've heard the process is not particularly difficult and you should be able to gain one quite easily.

Getting a license doesn't necessarily mean that you have the power to serve every country in the world though. Take that in mind.

As others have said already, why rent if you can get one?
You may never know also what will be the arrangements of your third party provider that he will ask of you later on.

tz

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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 have to look to the regulators for this advice based on the jurisdiction you are trying to apply from.

Curacao and Panama seem to be two very popular destinations for online casinos to gain licenses from. From what I've heard the process is not particularly difficult and you should be able to gain one quite easily.

Getting a license doesn't necessarily mean that you have the power to serve every country in the world though. Take that in mind.

nakamura12

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Quote from: DoublerHunter on September 09, 2021, 04:51:20 PM

^ Definitely you are right and it should must your license, not on other names.
I suggest to OP to read this article on how to get an online gambling business license, there is no need to rent if you can afford to get your own.
https://meliorgames.com/gambling/online-gambling-license-how-to-get-it/. And I also suggest getting your own lawyer for this and understand first the jurisdiction in your country or in any offshore country that you may choose because they had different rules and laws.

If I were op, I would do what you said and don't have to worry about the cost as when the gambling platform attracts gamblers then the amount of money spent to acquire gambling license and other expenses will be deducted from profit (house edge) as long as the platform survive and stay legit. There is a thread where op is about a gambling site having a domain that is expire and even bought a domain didn't get much attention.

DoublerHunter

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Quote from: nakamura12 on September 09, 2021, 04:39:17 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?

Acquiring your own license would be more safe if you want to start a business rather than renting license. You have to do some research if rental is legal rather than believing that someone told you that it is legal. I would do as what LUCKMCLFY recommended. Renting license could be a problem if ever the one who rent you the license decides to stop letting you rent his/her/their license for gambling business.

^ Definitely you are right and it should must your license, not on other names.
I suggest to OP to read this article on how to get an online gambling business license, there is no need to rent if you can afford to get your own.
https://meliorgames.com/gambling/online-gambling-license-how-to-get-it/. And I also suggest getting your own lawyer for this and understand first the jurisdiction in your country or in any offshore country that you may choose because they had different rules and laws.

nakamura12

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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?

Acquiring your own license would be more safe if you want to start a business rather than renting license. You have to do some research if rental is legal rather than believing that someone told you that it is legal. I would do as what LUCKMCLFY recommended. Renting license could be a problem if ever the one who rent you the license decides to stop letting you rent his/her/their license for gambling business.

LUCKMCFLY

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The truth is that the first time I see that you can rent a license, although what I really recommend is that you can acquire your own license, since it gives your site more legality, if you talk about renting on the day that you cannot pay or do not want to Paying a certain license your casino or site will be exposed to any bad eventuality and seeing it from the legal point of view it would not look very good in the eyes of many clients, because in gambling what is most sought after by players is the fun and safety of money and not be involved in problems of any kind.

Topic: Gambling license - page 4. (Read 744 times)