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Topic: Operating Online Casino -- Need License? (Read 501 times)

hero member
Activity: 2926
Merit: 567
August 04, 2019, 09:20:29 AM
#46
Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?

If you want legality and you don't want to get questioned by authorities in your area or location it's better to check if you need a license on where your server is located, there's a possibility that it will be shut down, and you don't want to happen after spending thousands of dollars in your operational cost.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
August 04, 2019, 03:31:55 AM
#45
I think that's already a give away since we hang out in the gambling discussion. I didn't say I like to play in a non-licensed casino, it's that I don't check it anymore. I'm just worried the integrity of it but I don't like to participate in KYC too, but if it is needed and I have a large balance on the casino, I would probably do it and with a condition where I know they are a trusted site that has a good reputation.

I don't know why you are saying because the first part you said you like to play in a non-licensed casino because they have no KYC. Then you said you want to stay anonymous because it's fun (getting weird). Then I don't know how it is connected to losing while you gamble. KYC doesn't improve your chances to win. Lol.
The truth is nobody wants to gamble on a site with KYC regulation even though it is licensed and at the same time, 80% of gamblers would not gamble on a site that is not licensed for trust issues. I believe there are still licensed site that do not follow this KYC policy and if it’s now a compulsory thing for every gambling site to comply in other to be regulated, then I suggest it should be ignored because the number of gamblers that are not willing to play on a KYC site a more.

I believe there a many ways to convince users of being reputable aside License, if KYC is compulsory to make a site licensed and if I were to be an operator, I would rather leave it without licensed and work on promoting the site to the public and also rendering standard services that would keep the players coming.
legendary
Activity: 2450
Merit: 1047
August 03, 2019, 07:12:42 PM
#44
Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?

You need a license, of course, to avoid getting taken down, once your site becomes popular attract high rollers and you are making a good income, the country you are in might require those who operate an online casino for a license or else they will request your host to take it down or even prosecute you, to avoid those hustles check the guidelines where you are located.
full member
Activity: 952
Merit: 104
August 03, 2019, 06:12:31 PM
#43
Whether you need a licence depends on the country you are in and who you want to serve. Most countries internationally accept remote gambling while others don't but I'm not sure they can do much about it.

You might also have to check with the person who hosts your server to check if they are happy with your running a casino through their services...


Yeah that's right, here in my location even online casinos need to get permit to operate came from the government( business permit where the office or gambling site location) they need to get secured where the city's or municipalities the under jurisdiction.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
August 03, 2019, 05:13:57 PM
#42
For me, as a gambler from time to time, I don't check for the license of the site or even the provably fair. It's because I know the reputation of the casino website and doesn't need to be checked. I trusted it by the image and reputation of it. Don't be like me, and I am somehow easy to believe in people but still skeptical.

Reputation is more important compared to license for typical bettors like us.
I like to play in a non license casino too because they don't require KYC, they served the real purpose of crypto casino which is to stay anonymous and that's more fun even if we can call it a risky thing for us gamblers but we know that we can manage to loss that we gamble.

Doesn't having a license establish a reputation?  Having the legalities to operates means it won't shutdown due to illegal operation.  How can be a non-license casino reputable when anytime, it can be shutdown by the government.  It is another kind of business just like what dothebeats stated, so definitely it should operate with proper documentation for the player's security and of course the government benefits.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
August 03, 2019, 10:45:20 AM
#41
Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?

You must comply with SEC and other similar government organizations and secure a license before you can operate one. Technically, it falls under a business so you must secure a business permit as well, aside from operating license to run a gambling site--and it also varies on what country do you plan to establish your base of operation. There are some countries in which online gambling is frowned upon and is banned, so it's a no-brainer to not start there and move somewhere else. For clarity and thorough explanation on the said matter, why not visit your local government authorities and see what things are needed to be done before you start your venture?
hero member
Activity: 2926
Merit: 640
August 03, 2019, 10:35:16 AM
#40
In general, if you are talking about receiving funds for gambling, you could do it. The ending is that whether you are legitimate or not, even if you let users withdraw, you could be called illegitimate just because of the lack of license to run a casino. Imagine how much people could see your website and see that you have no license to show? Or even verification. I think Reputation is all you need to have a great image here, or even in other forums. Once that's established, you would be able to invite users and play at your site.

For me, as a gambler from time to time, I don't check for the license of the site or even the provably fair. It's because I know the reputation of the casino website and doesn't need to be checked. I trusted it by the image and reputation of it. Don't be like me, and I am somehow easy to believe in people but still skeptical.
I think experienced players do not really judge the reputation of a site by the license, players prefer to play on familiar sites even though its not licensed as long as it have testimonies from players that have played and paid. The only reason a new site might compulsorily need license is when they need investors to partner with, because no investor would like to commit money in an unlicensed site.

Again, I understand licensing a site comes with many pros and cons and one of it includes compulsory KYC regulation, this is one of the reasons why most players no longer play on licensed site but would rather choose a trusted  unlicensed casino site over a reputable but licensed and KYC demanding casino site
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
August 01, 2019, 12:51:35 AM
#39
For me, as a gambler from time to time, I don't check for the license of the site or even the provably fair. It's because I know the reputation of the casino website and doesn't need to be checked. I trusted it by the image and reputation of it. Don't be like me, and I am somehow easy to believe in people but still skeptical.

Reputation is more important compared to license for typical bettors like us.
I like to play in a non license casino too because they don't require KYC, they served the real purpose of crypto casino which is to stay anonymous and that's more fun even if we can call it a risky thing for us gamblers but we know that we can manage to loss that we gamble.
I think that's already a give away since we hang out in the gambling discussion. I didn't say I like to play in a non-licensed casino, it's that I don't check it anymore. I'm just worried the integrity of it but I don't like to participate in KYC too, but if it is needed and I have a large balance on the casino, I would probably do it and with a condition where I know they are a trusted site that has a good reputation.

I don't know why you are saying because the first part you said you like to play in a non-licensed casino because they have no KYC. Then you said you want to stay anonymous because it's fun (getting weird). Then I don't know how it is connected to losing while you gamble. KYC doesn't improve your chances to win. Lol.
hero member
Activity: 2940
Merit: 613
Winding down.
August 01, 2019, 12:02:26 AM
#38
For me, as a gambler from time to time, I don't check for the license of the site or even the provably fair. It's because I know the reputation of the casino website and doesn't need to be checked. I trusted it by the image and reputation of it. Don't be like me, and I am somehow easy to believe in people but still skeptical.

Reputation is more important compared to license for typical bettors like us.
I like to play in a non license casino too because they don't require KYC, they served the real purpose of crypto casino which is to stay anonymous and that's more fun even if we can call it a risky thing for us gamblers but we know that we can manage to loss that we gamble.
sr. member
Activity: 1162
Merit: 251
Whether you need a licence depends on the country you are in and who you want to serve. Most countries internationally accept remote gambling while others don't but I'm not sure they can do much about it.

You might also have to check with the person who hosts your server to check if they are happy with your running a casino through their services...
Yeah true, it depends on your country rules,  if in your country it requires a license so you have to get it so that your website is not blocked by the government. whereas for countries that still ban gambling, I don't think you will need it, because they will certainly reject your proposal for your license. moreover the license is only for formalities so that your site looks safe for players? so even without a license gambling sites can still operate
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
In general, if you are talking about receiving funds for gambling, you could do it. The ending is that whether you are legitimate or not, even if you let users withdraw, you could be called illegitimate just because of the lack of license to run a casino. Imagine how much people could see your website and see that you have no license to show? Or even verification. I think Reputation is all you need to have a great image here, or even in other forums. Once that's established, you would be able to invite users and play at your site.

For me, as a gambler from time to time, I don't check for the license of the site or even the provably fair. It's because I know the reputation of the casino website and doesn't need to be checked. I trusted it by the image and reputation of it. Don't be like me, and I am somehow easy to believe in people but still skeptical.
hero member
Activity: 2940
Merit: 613
Winding down.
Some gamblers are did not check the legality of online casino, they always look at first the concept of the website and the promos that they may grab for a better profit. .
Funny but its true  . not just gambler but people nowadays are more concerned on the sites design and other features more than the legality and security but you can easily tell if the site is shady by basing thru its design  .  shady and scammy sites oftenly have a poorly built design  .

If you don't have a license I think it takes more time before you can build trust to the gamblers and need massive promotion for your brand name.
Massive promotion is enough to get attention and trust even without a license  . gamblers tend to trust sites that are now popular like for example when it was advertise on this site via campaigns .
But it would be more self-satisfying on the part of the owner of online casino if it has its own license to operate so that gamblers will find it legit and so they can  put their trust on it easily. Maybe some countries do not require license for online casinos but i still believe majority of them still requite for legit and legal purposes.
full member
Activity: 1750
Merit: 118
Some gamblers are did not check the legality of online casino, they always look at first the concept of the website and the promos that they may grab for a better profit. .
Funny but its true  . not just gambler but people nowadays are more concerned on the sites design and other features more than the legality and security but you can easily tell if the site is shady by basing thru its design  .  shady and scammy sites oftenly have a poorly built design  .

If you don't have a license I think it takes more time before you can build trust to the gamblers and need massive promotion for your brand name.
Massive promotion is enough to get attention and trust even without a license  . gamblers tend to trust sites that are now popular like for example when it was advertise on this site via campaigns .
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
I a strict government of a specific country, licence is really needed in order to run a Casino. But for an online casino, I don't know how strict and tight are they for that matters, because if an online gambling is using cryptocurrency it won't really be associated to fiat. Every transactions is encrypted and with separation to physical money gambling. That's my idea all about and I do look for other people's opinion to have clearer understanding about it.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
Online casino should comply with the legal rules of the respective country where it is registered. As online casinos were completely used through internet connectivity it can be registered on countries that legally provide support through services that are available. When it comes to cryptocurrency acceptance this needs to comply next set of rules from the government. As of now the better place to get it registered seems to be Estonia.
full member
Activity: 798
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https://bmy.guide
Some gamblers are did not check the legality of online casino, they always look at first the concept of the website and the promos that they may grab for a better profit. Legally, that must be better to have licensed in your gambling company in online. People were always looking for the owner or the operators of the gambling company. If you don't have a license I think it takes more time before you can build trust to the gamblers and need massive promotion for your brand name.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?
"Legally" is a broad term over here. Legality depends on the where you live and who you are serving. The laws of your countries only applies towards you. Your country laws does not have affect on anyone else not living on that country. Most people are not allowed to play on casinos that are not licensed. Again, most countries make it illegal to play on online casino that is not regulated by them. In other words, if you get a license, you will be able to serve people who lives in a country that recognizes the licence. On other hand, it will be illegal to play on casinos by people who lives in a country where that license is not recognized.
member
Activity: 980
Merit: 62
Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?

Online gambling casinos are digital companies like every other else who offers products through the internet.
Having said that, they need a license to operate and they should have physical offices in a country somewhere.
sr. member
Activity: 1078
Merit: 256
For me, it much better to get a license on operating an online casino, especially if your country is demanding for a license, it will make your site very trusted and legal. Also, gambler wants to ensure that their money is safe, you are trusted and especially your not a scam, or if things become unfair, they can report your site and more actions because you are registered.   Smiley
It can be use as an assurance for gamblers whose going to use your site, as there's registrations from the country who's catering your services, if the gamblers seen that the site have this legal permits they will start using it knowing that the government can help them just in case there's issue with their gambling activities, following the rules will also give good reputations so its better to have one.
member
Activity: 616
Merit: 30
Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?
Gambling business needs to be reputable because we are talking huge amount of money here,ofcourse you can just start to operate your site tomorrow but the question is would there be costumers or players that will trust your site?

Let’s not go far just keep the question to yourself,will you play or deposit money in that kind of site ?
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