How many of these sites are legal? - page 3.

Hell-raiser

sr. member

Activity: 462

Merit: 515

Quote from: veleten on December 06, 2017, 02:15:10 PM

I would prefer a solid,trusted,paying dice site without a license
to a licensed casino that introduces shady bonuses,then requires KYC if you win and withdraw anything substantial
I know,for example,if I win 10 bitcoins at Primedice
I will get paid,no questions asked,no background checks and no documents asked

so a license doesn't mean legit and viceversa

This seems to be how the whole cryptoworld functions nowadays. Licenses mean shit because virtual currencies themselves are in the gray area in many if not most countries or even outright banned. It is the same with cryptoexchanges, being licensed doesn't prevent them from being hacked or whatever. Was Cryptsy licensed? I dunno but the owners still ran away with the money of their clients. Some of these bastards eventually got caught but it didn't change anything in the end.

sicparvismagna

member

Activity: 98

Merit: 10

Well in our country gamblings or such other businesses always needs business permits, licenses or such because even just a slight violations will be penalized. Practically you'll be able to meet taxes from time to time in whatever you do. Which is why a lot of those dreaming to establish their gambling sites starts right here because of less paperwork and no taxes, you only need to do a lot of research and do your homework here.

michkima

hero member

Activity: 896

Merit: 514

Quote from: ?? on ??

You mean if they have a fake license from some offshore locations then they are legal and if they have no fake license then they are not legal? For me a gambling site is legitimate if they have a provably fair system and if there are no scam accusations and withdrawals are quickly processed.

If you have a fake license then it will likely be found by the gamblers trying out the site. For sure there are those curious ones that would likely check the legitimacy of everything before they even try to deposit into that casino. I don't think also that competing casinos will also allow such a thing and they will likely want to kill off competition and by proving that they have fake licenses then it would be a negative for that casino.

RGBKey

hero member

Activity: 854

Merit: 658

rgbkey.github.io/pgp.txt

Quote from: Tenderino on December 06, 2017, 01:56:07 PM

If you explain us what you mean with correct licenses, I could help you better? Based on my experience, there are no correct licenses! The license itself might be correct from a juridical point of view in some cases, but how does this help you if you get the runaround when help is needed?

Unlike more important is that the operator is since a while on the market and works correct.

I think you might find a few sites licensed out of a small country like Curacao for example, but honestly it doesn't mean much. What people should be looking for in Bitcoin sites (provable fairness) is different than what people should be looking for in regular casinos (regulation & licensing).

thirdprize

sr. member

Activity: 485

Merit: 274

So what are the chances of getting busted if you set up a site? Whats the best country to host it? Whats the best coins to accept?

veleten

legendary

Activity: 2016

Merit: 1107

I would prefer a solid,trusted,paying dice site without a license
to a licensed casino that introduces shady bonuses,then requires KYC if you win and withdraw anything substantial
I know,for example,if I win 10 bitcoins at Primedice
I will get paid,no questions asked,no background checks and no documents asked

so a license doesn't mean legit and viceversa

Tenderino

full member

Activity: 336

Merit: 103

If you explain us what you mean with correct licenses, I could help you better? Based on my experience, there are no correct licenses! The license itself might be correct from a juridical point of view in some cases, but how does this help you if you get the runaround when help is needed?

Unlike more important is that the operator is since a while on the market and works correct.

Lumen111

full member

Activity: 504

Merit: 109

They are completely legal, as they do not violate the laws of their jurisdiction.
They do not need to buy licenses and pay taxes.
The server, the Internet and the software product are all that is needed for a full-fledged work.

moooonu

hero member

Activity: 560

Merit: 500

Every site must have to register a domain with registrar. So do every casino or dice site must register to get their gambling license so that they get a legalized and they have to pay taxed to the govt each year and also keep record of its profit and loss.

yesboiasni

jr. member

Activity: 90

Merit: 2

The licenses don't mean anything.
If they leave with your $, you can't do anything. Despite the license.

piloder

legendary

Activity: 966

Merit: 1006

Many crypto based casinos are running without any licenses, only few of them have KYC requirement and gambling license.

If casino is not offering any fiat based games or games from licensed third party providers there is no need for them to maintained any valid gambling license.

icanscript

hero member

Activity: 686

Merit: 502

Quote from: thirdprize on December 05, 2017, 10:31:11 AM

You know, have the correct licenses, etc. Just curious.

There is no crypto currency in the world, there is no need to license any country's work.
You observe in practice the formation of a world economy that is not tied to a specific government and its laws.
There comes an era of trust/not trust based on feedback and brand value.

thirdprize

sr. member

Activity: 485

Merit: 274

This is more about starting my own up. I guess you would have to pay for a license for each country you were allowing people to gamble from. Get a license from the UK and redirect anyone from anywhere else away. I suspect you would just need a US one to make a living but they probably do it by state, which makes it even more complicated.

Rinsend

sr. member

Activity: 784

Merit: 262

AZBI NETWORK - Multichain system

no need to struggle to find a legal site,
just get a proven site pay and have it guaranteed there you can get what you want if you want to do gambling.
because legality does not need to be here
here we are all anonymous

BillCoin

sr. member

Activity: 476

Merit: 259

Most of the cryptocurrencies gambling sites, either are illegal( you don't even know who is running the site, so it would be impossible to find and punish those who run the illegal site), or they run a partly license under a country who has a very confort law for gambling sites, such as Andorra, or Isle of Man, that accept any kind of gambling sites, and also banks in those countries won't do any problems as tax rate in such countries is very low.

badjacks99

hero member

Activity: 1050

Merit: 502

I would bet that most bitcoin casinos and dice sites that popped up over the past couple years probably don’t have proper licensing, if there even is any. I have been very interested in the subject, at least here in America I’m not sure how it works. I myself had interest in starting up a site like this, But a few years ago in American on this forum by the name of micon, Got his door kicked in and his site shut down. Not sure if it had anything to do with the licensing dispute but it sure was a big deal for Americans who wanted an open up a coin gambling site.

Mexicantrader

newbie

Activity: 53

Merit: 0

Hi.

I recomend bizstars is a good casino and i play on it since at least two years..

Check it maybe it can give you some winnings.

Good day.

akamit

hero member

Activity: 1498

Merit: 596

Almost all the casinos, dice sites cannot obtain legal papers from their jurisdiction.
It is very hard task and also very expensive and that's why almost all are registered through offshore countries.

Not only this, they are hosting their business online through offshore hosting companies afaik.
There is limited hosting companies which allows gambling businesses.

Maybe some are legal. I am talking about fiat based casinos not btc.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Big sites would surely have the legal backing because they have the capital to pursue such and that is why they have stayed for in the market. Not all of the sites are legal in my opinion because even the legality of online gambling is still dicey in some jurisdiction as several sites are equally run on a small scale which makes them to get the license so what they do is to copy the symbol and out it on their site.

Because people don't bother with questions, and even the license they quote, you can hardly get enough information about it on the internet, and because they pay out winnings immediately then they are legal. If you looking for legal gambling sites, just stick to the big ones that have stand the test of time.

mOgliE

legendary

Activity: 1344

Merit: 1251

Ahahah! Absolutely none of them I bet! xD

But why would you even care?
After all I'm pretty sure each of those sites aren't even linked to a real company. But whatever, it's not a problem to you. In any way you can't really trust them because everything being in btc they can't be linked to any theft thanks for the anonimity ^^

And whatever it's the same for you, you have complete anonimity and security from the ownership of btc in your wallets.

Topic: How many of these sites are legal? - page 3. (Read 1245 times)