Topic: If I want to start a business in gambling, which country do I choose? - page 4. (Read 688 times)

I'm recommending my country which is Philippines since gambling and crypto is legal here at the same time. We are also tolerating chinese people here to build their gambling empire here since they aren't capable of doing it in their own land. Nevertheless, you have to go here for the licensing and other paper works since the procedure can't be handled online or via mail.

If you looking for land base house for gambling business I suggest los angles the gambling capital of the world according to my knowledge came from the news.
In crypto I suggest phillppine because crypto currency is legal herein my country I think it's easy to registered into the government to get the license to operate online.

First thing you need to find a country where gambling is legalized. Further you need to look for the licensing for the acceptance of cryptocurrency into gambling. To do this step by step surely it takes time. Understanding the same it is good to get support from gambling websites that were already established and has got good trust. They might not reveal the way everything is done, but it is our responsibility to take chance. If we get the data then your gambling website development can be carried forward.

Well i'm not an expert about licenses to have before you can have an online gambling business but I can only suggest you on which country is best to start with. First, I won't suggest what country you must start but all I can say is you can start it in your country and aim to become an international gambling business rather than being local.

You need to focus to your site OP like they will accept this in different countries by that then this is online gambling so this will works if this is better to use so always develop this like you need to have everything about this so many will really use this because this brings so much convenience like very useul and helpful here in crypto world

I apreciate your help, but I'm not opening a physical place, I only want to open a legal business in some country where gambling is legal and probably I'll not have an employee working there

I'll recommend capitalizing on the Africa market. The lack of unemployment and jobs in most countries in the continent has resulted to her youths searching for other means of income which gambling is usually a preferable choice since the quick money hype is always associated with gambling activities. Not many cryptocurrency related sportbooks can be found on the continent (that's if there's any actively functioning).

West Africa countries like Nigeria, Ghana etc are profitable market you can concentrate at. Also Kanye, Uganda are other countries which her gambling industry is recording high patronize you can also capitalize on their market audience. No crypto based sportbook are actively operating in those areas to my best of knowledge although fiat based sportbooks are operating in their numbers.

Thanks for contribution, I'll put these 3 countries on my list and I have to search deep to see legal aspects

@Oilacris - Thanks, it's an interesting article

@carter34 - Licencing is very important, I agree, and I want my web site totally good, legal and with licensing, to avoid any kind of problem

@traderethereum - Thnaks, I'm reading these websites at the moment

Check this list for countries that doesn't strict out online gambling;
https://thesportsdaily.com/2019/01/31/countries-where-online-gambling-is-legal/

Well, If your planning of making a gambling site that is crypto-related I guess you would need to find a country that is mostly gambling-friendly and Bitcoin-friendly one! and I have made a list of countries that have the same attribute countries that have the most people that are gambling and countries that let bitcoin roam and be legal.

1] Australia - This country is pretty well known to cater to many gamblers and allows online wagering on sports and this country is considering Bitcoin as a unique currency and allows people to trade, mine, or buy it.

2] Canada - Popular gambling form in this country are Lottery and Scratch and win and over 75% of Canadian Adults are consider involving in one form of gambling, Bitcoin is considered as a commodity by CRA or Canada Revenue Agency and there are many laws involved with cryptocurrency and needs to considering registering their business-related with Bitcoin.

3] The United States - Although gambling is considered legal under U.S. federal law and significantly there are restrictions pertaining to online gambling I think they allow to regulate the practice within its borders only, Well they are legalizing some but there are still prohibition with some form of gambling mostly online, the USA is pretty positive towards Bitcoin so there is no problem within that range.

I guess it is still your call if what country you would like and research more on that given list.

which country to choose to start a business in gambling depends on which type of gambling - games betting, online, casino..,etc i don't think there is a country with gamblers and considering the fact the a game like football unites the world, people also make their gambling online about it. a game like casino is not really common in my area, if only you will play it on your home game device. people bet/gamble more  with games like dice, playing cards, tennis. i suggest you start your business online,so as to cut across many nations without you moving around.

Hey guys, I'm reading all your posts, please continue because this is very important to me

I'm from Brazil, and here we don't have physical casinos or any kind of gambling business because it's illegal, BUT all websites like SportingBet, Betfair, BET 365 are accepted and they do a lot of advertising in soccer games for example

So, I'll need to open my business in another country to be legal, I don't want to risk anything, I don't want to run illegal website or without license

Just to explain a little, it's not a regular casino website, it's another kind of gambling, and I can't give more details  right now, but I think it's a good idea

Licencing is very important especially when it is a country that does require that before commencement of such business and absence of that becomes a crime since a law is existing on that.
Also, gamblers are very vigilant on that if it has it registration where it is mandatory.

I am not sure about which country but maybe you need to read in this article:
I think you need to search the hosting website, which will allow you to run an online gambling website because not all hosting service will provide that.
And then you need to search for information about how much money you need to build an online gambling website.
Hire some programmer to help you to build the online gambling website.

We are gamblers and we care on the reputation of the gambling site, but it will add to transparency and reputation of the gambling site if they have a license to operate, of course, you are investing your money, so it's just right that we know who will run after in case we win huge amount and we have problem, withdrawing it.

Agree with you. Community vetting is very important, and sometimes can even be more important than circular licenses as far as community trust is concerned. However, we go for licenses or business registration just to stay legal and to be able to offer our services within the confine of certain laws. That being said, a new bitcoin gambling site should be able to operate within the community without license, at least, for sometimes.

This is also my opinion, you don't have to go Curacao to register your license since this is an online venture, this should be listed in a country where you are operating it, if you are operating it in your apartment or house, then you should register your gambling site to your country.

You could be charged with misrepresentation if you register it to another where you are not operating in that location, but I would like to hear from other members, but business sense told me that where you operate it, you are subject to your location rules and guidelines

Which country are you from @rdluffy?
If you are asking about where your office gonna be base? Like you want an online gambling website and I don't know if a particular country will matter if your gambling is thru online as long as you registered your gambling site in legal way in the government where you based on. Correct me if I'm wrong.

I do not understand this licensing thing.
A crypto based online casino or sportsbook should be free from licensing and all those centralized powers. We already have a community and it can starts from here. I have seen several gambling sites without a real license but established now. As long as you are providing good service and abide by community commonsense then a crypto based gambling site should be fine.

However as DS said, you can talk to some local lawyers or with any law firm online who has good reputation but never listen to user game-protect in here.

Most crypto operators get a Curaco license. It's pretty much meaningless and I believe you pretty much just have to pay money to get it, but it does show that Curaco is pretty friendly towards crypto websites or at least does not consider them as illegal. A lot of the larger crypto gambling sites also run unlicensed.

I'd recommend talking to a lawyer before starting a gambling business as they should know a lot more than people on this forum.