How legal is to create betting/gambling site? - page 9.

thejaytiesto

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Quote from: lite on January 13, 2016, 01:10:27 PM

Quote from: 2tunnels on January 09, 2016, 06:25:49 AM

Hello.

I'm thinking about creating own gambling site. Do I need license for that? Does anyone have experience in this field?

Yes license is required to run an online gambling site.
you can create some altcoin gambling site without needing of any license.(learn things out then go for bitcoin) Wink

There are a ton of casinos out there that don't have a single license, because they are hosted in very remote areas, those offer the least security, but are usually the most careless when it comes to you needing to give any amount of credentials to withdraw your money, so there is always a tradeoff in security vs privacy.

Jetbuster

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A Curacao license cost around 13K USD + anual fees of 6K or more and it needs to hoste the site also on a expensive Curacao server.
If I buy a Curacao license, what I get for this price???
Nothing more as a piece of paper and for my head the satisfaction to have a "legal" gaming license.
To operate a legal gaming site in, lets say a European country, you need also a registred company from where you pay the taxes...
Plus a country specified gaming license too!
If you host the site offshore and also the domain...what many other do, who can find out the real operator?
If you operate only with Bitcoins, nobody can find it out, who is behind.
I see only problems if you operate with a real money payment gateway, like Neteller etc...

Rgegards
J. B.

lite

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Quote from: 2tunnels on January 09, 2016, 06:25:49 AM

Hello.

I'm thinking about creating own gambling site. Do I need license for that? Does anyone have experience in this field?

Yes license is required to run an online gambling site.
you can create some altcoin gambling site without needing of any license.(learn things out then go for bitcoin) Wink

OrangeII

hero member

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I guess not, you only require a script to run gambling sites would you make, and it also requires a huge capital, but maybe it all depends on the state or the party of the Internet itself, if your site is considered detrimental maybe it will be deleted

Ceizer54

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Quote from: 2tunnels on January 09, 2016, 06:25:49 AM

Hello.

I'm thinking about creating own gambling site. Do I need license for that? Does anyone have experience in this field?

In legal way,yeah license is necessary dude but i think very few gambling sites have license and most are build just buy registering domain,buying hosting,buying SSL and uploading some scripts Tongue

You can create your own gambling for sure but before that know that you need to do a lot of promotion and investment to make it a success because there is huge competition in gambling sites

davinchi

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Quote from: 2tunnels on January 09, 2016, 06:25:49 AM

Hello.

I'm thinking about creating own gambling site. Do I need license for that? Does anyone have experience in this field?

Gambling should be legal in your jurisdiction and moreover a lot and in fact tons of paper work is needed , if you want to run a proper site. While if you want just a small site, you can start right away with the permission of legal members Tongue

ajrah

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Depends if your country allows such operation. If you know the law in your coutry and see loop holes then that can be used to defend your self specially in countries where online gambling is not yet regulated. Question is what countries are those?

Falconer

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Quote from: Slark on January 09, 2016, 09:53:43 PM

If Op would be kind enough to share his whereabouts with us we could easily tell him what is legal status of creating gambling website.

If you are aware that he is going to be opening a gambling sites then the last thing he would need to do is to share his whereabouts since it will backfire to him someday. It doesnt really matter where he is coming from as long as he can hide his identity then he should be fine without any license at all

Slark

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Quote from: katerniko1 on January 09, 2016, 09:48:02 PM

depends on your country law regulations. but safest way is to contact someone who is working with law and he will tell you what you can or can't (and he will prob make you pay something for his time)
regards.
-Katerniko1

All information regarding legal status of online gambling sites can be found on the internet if you know where to look.
If Op would be kind enough to share his whereabouts with us we could easily tell him what is legal status of creating gambling website.
You don't need to be skilled lawyer to find about this stuff.

katerniko1

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depends on your country law regulations. but safest way is to contact someone who is working with law and he will tell you what you can or can't (and he will prob make you pay something for his time)
regards.
-Katerniko1

Falconer

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Quote from: Supercrypt on January 09, 2016, 02:46:06 PM

This is not true. Even though small websites don't bother about their license, that is because they have an intention of scamming and can any time turn bankrupt like the other websites shut down leaving users losing all their investments. To open a gambling website, the user neesd to check the laws associated and if the site is illegal, it can be seized any time.

Most gambling sites are in profit and there is almost no way for a site to ankrupt as long as there isnt any exploit on the site because every gambling sites have house edge to make sure the house win in long term . Most legal things doent always end in good way, example of this is garza and crypsty exit scam attempt

klf

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Quote from: vendetahome on January 09, 2016, 06:03:37 PM

its illegal, at least in my country if i get all the regulations right, though if you are planning to be very successful it will not cost you too much to buy the licence, though thats a really big risk

Not only in your country but in most of the countries it is not allowed. But for this business license is must whether you're business will be success or not but it will be quite safe to avoid any future issues. Try to get one license wherever it is easy to get. Good luck for your new business adventure.

CryptoBjorn

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Quote from: BruceLee007 on January 09, 2016, 07:16:20 PM

im not sure about it, it might be different for you than for me, i wouldnt risk creating a website and putting my money into it if im not sure if it will turn out well or not

True, it's a big risk.Remember that if you have such a site you will become noticed by hackers too.
Protecting the site will cost you a fortune.

BruceLee007

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im not sure about it, it might be different for you than for me, i wouldnt risk creating a website and putting my money into it if im not sure if it will turn out well or not

marioantonini

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Not depend all where is hosted your betting/gambling site.
in italy, is prohibited create a gambling site and already is prohibited for italian player, play to foreign gambling betting site, you can play only to italian site and for open a gambling you get buy a italian license

buyinbtc

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i doubt that you will find the right answer on this forum because of the variety of countries people live in and because the law in every one of them is different, you should check for help in your town somewhere

vendetahome

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its illegal, at least in my country if i get all the regulations right, though if you are planning to be very successful it will not cost you too much to buy the licence, though thats a really big risk

Chemistry1988

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Quote from: 2tunnels on January 09, 2016, 06:25:49 AM

Hello.

I'm thinking about creating own gambling site. Do I need license for that? Does anyone have experience in this field?

Without telling us where you are located, I am afraid no one can give you an appropriate opinion. TBH, if you want to get some serious legal advice, you should consult a local lawyer instead of asking here.

fravia

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it might be illegal in my opinion, because all casinos need to have licences as its kind of a business that will possibly earn you a lot of money, i think you should contact the lawyers for this question

trickshot22

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in my opinion it should be pretty legal do it without a licence in a country that has no regulations about bitcoin though those are just my thoughts i can not guarantee that

Topic: How legal is to create betting/gambling site? - page 9. (Read 5336 times)